From the outset, behavioral finance has focused on documenting the irrational financial behavior of human beings, and even today, says Daniel Crosby, founder and president of Atlanta-based behavioral finance consulting firm, IncBlot, the science is still largely centered on highlighting the mistakes people make with respect to financial planning.
Crosby believes that people—financial advisors and the general investing public—have begun to tire of the seemingly endless litany of flaws (“I have counted 117 well-documented irrationalities or behavioral biases,” he said.) that behavioral finance has highlighted and are ready for something else.
“We’re at a point where behavioral finance needs to go in a new direction, one that answers the questions ‘so what’ and ‘now what,’” he said.
Crosby set up IncBlot to try to answer those questions and to be a part of what he believes is the important and necessary transition of behavioral finance from theory to practice—a change that will allow financial practitioners to use the science in a more meaningful, useful and realistic manner.
Hot Computer Hardware Companies To Buy Right Now: HeartWare International Inc (HTWR)
Heartware International, Inc. (HeartWare), incorporated on June 25, 2010, develops and manufactures small implantable heart pumps, or ventricular assist devices, for the treatment of advanced heart failure. The HeartWare Ventricular Assist System (the HeartWare System), which includes a ventricular assist device (VAD), or blood pump, patient accessories and surgical tools, is designed to provide circulatory support for patients in the advanced stage of heart failure. The core of the HeartWare System is a continuous flow blood pump, the HVAD Pump, which is a full-output device capable of pumping up to 10 liters of blood per minute. The HeartWare System is designed to be implanted adjacent to the heart, avoiding the abdominal surgery generally required to implant similar devices. In August 2012, it acquired World Heart Corporation. As of December 31, 2012, the HeartWare System has been implanted outside of the United States at approximately 168 health care sites in 28 countries. In December 2013, HeartWare International Inc acquired CircuLite, Inc.
Proprietary Pump Technology
The HeartWare System is full-output centrifugal pump designed to be implanted in the chest, directly adjacent to the heart. At the core of the Company�� technology platform is its hybrid system for suspending the impeller, which is the only moving part within the pump. The impeller is suspended within the pump housing by the opposing forces of passive magnets and hydrodynamic thrust generated by the pump impeller, which circulates a cushion of
blood. Once power is applied to the device and the impeller begins to rotate, there are no points of mechanical contact within the pump, thus providing a completely wearless pumping system.
The HeartWare System
The HeartWare System consists of the HVAD Pump, a small, permanently implantable VAD, patient accessories and surgical tools. The HVAD Pump is capable of generating up to 10 liters of blood flow per minute. With a displaced v! olume of only 50 cubic centimeters and a mass of 140 grams, the HVAD Pump is the only full-output pump implantable in the pericardial space, directly adjacent to the heart. It is also the only pump designed to be implanted above the diaphragm in all eligible patients.
The HeartWare MVAD
The miniaturized ventricular assist device (MVAD) is a miniaturized blood pump intended for chronic heart failure patients. The device is a full-output axial flow pump with a fully suspended rotor and a displacement volume approximately one-third that of the HVAD Pump.
The Company competes with Thoratec Corporation, Jarvik Heart, MicroMed Technology, Inc, Berlin Heart AG, Terumo Heart, Inc., Sunshine Heart, Inc and CircuLite, Inc., Evaheart Medical USA, Inc.
Advisors' Opinion:- [By Maria Armental var popups = dojo.query(".socialByline .popC"); popups.forEach]
HeartWare International Inc.(HTWR) said it received a warning letter from the U.S. Food and Drug Administration, citing concerns about procedures for validating device design and other issues.
Best Stocks To Buy For 2014: Comfort Systems USA Inc. (FIX)
Comfort Systems USA, Inc. provides installation, maintenance, repair, and replacement services for the heating, ventilation, and air conditioning (HVAC) systems in the mechanical services industry in the United States. The company engages in the design, engineering, integration, installation, and start-up of HVAC, building automation controls, and related systems; and maintenance, repair, replacement, reconfiguration, and monitoring of HVAC systems and industrial process piping. It also provides specialized applications, such as building automation control systems, fire protection, process cooling, electronic monitoring, and process piping, as well as electrical and plumbing services. The company offers its services for office buildings, retail centers, apartment complexes, and manufacturing plants, as well as healthcare, education, and government facilities. It serves building owners and developers, general contractors, architects, consulting engineers, and property manag ers in the commercial, industrial and institutional HVAC markets. Comfort Systems USA, Inc. was founded in 1917 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Jeremy Bowman]
What: Shares of HVAC-service provider Comfort Systems USA (NYSE: FIX ) were heating up today, gaining as much as 13% on a promising earnings report.
- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Comfort Systems USA (NYSE: FIX ) , whose recent revenue and earnings are plotted below.
Best Stocks To Buy For 2014: Bazaarvoice Inc (BV)
Bazaarvoice, Inc., incorporated on May 25, 2005, connects businesses together to amplify the authentic voices of people where they shop. The Company�� solutions, which are primarily provided through Software as a Service (SaaS) platform, enable clients to capture and display online word of mouth about specific products and services, channel content into all the places where it will influence a purchase both within and outside its network, which it refers to as syndication, and use business insights so they can act on what consumers want.
Bazaarvoice Conversations Platform
The Company�� Conversations platform provides capabilities to capture, manage and display online word of mouth. Consumers interact with its solutions as they view or author consumer reviews, questions, photos, videos, long-format narratives and other forms of consumer-generated content. Content that is displayed by its Conversations platform is styled to match its clients��brand, preserving important branding elements of its clients��businesses. Content collected and managed by its Conversations platform is used by its clients in a range of applications, including their online Websites, mobile-optimized Websites, mobile applications, social networks, in-store kiosks, physical in-store displays, printed flyers, email and other forms of online and offline media. The Company�� Conversations platform allows clients to capture, manage and display consumer reviews about their products and services on their Websites and mobile-optimized Websites; allows clients to facilitate question and answer conversations between consumers, or between consumers and brand representatives, on their Websites; allows clients to collect consumer testimonials about their products and services and display these stories on their Websites; enables consumers to read or write reviews, product questions, product answers, or stories on its clients��pages on social networking Websites and easily share this content with the peopl! e they influence the most-their social network friends or followers, and provides third-party developers with tools to build products or extend its platform on behalf of its clients, which enables the Company to expand the use of its platform by leveraging applications built by third-party developers.
Bazaarvoice Connections Solutions
The Company�� Conversations clients are connected through its SaaS platform to form a network. The Company offers network syndication and brand engagement solutions to facilitate the sharing of online word of mouth among its clients and to enable brands to directly interact with consumers on its retail clients��Websites. BrandVoice enables brands to enter into distribution relationships allowing them to display review content from their brand Websites on retail Websites within its network, which it refers to as syndication. BrandAnswers enables brands to interact directly with consumers on retail websites within its network to answer questions and provide suggestions on alternative products that may better meet that consumer�� needs. Brand Response enables brands to interact with consumers by responding to reviews posted on retail Websites within its network.
Bazaarvoice Analytics Solutions
The Company�� Conversations platform includes its Intelligence solution, which is it enhanced analytics solution, and a Workbench Analytics solution, which provides analytics and self-service administration tools. Intelligence allows clients to derive sophisticated market, consumer and product insights in a timely manner from the underlying data it collects on their behalf through its platform. Workbench Analytics provides basic analytics capabilities that allow its clients to generate reports highlighting simple ratings trends, text analysis and product and service issue identification.
Bazaarvoice Media
The Company�� Bazaarvoice Media sells advertising on behalf of retailers, brands and agencie! s, and pr! ovides capabilities that incorporate consumers��authentic opinions in advertising campaigns, creating advertisements that are trusted, relevant and targeted. Bazaarvoice Media sells advertising on retail Websites, utilizing its relationships and knowledge of the intricacies of the retail environment. It develops custom programs for brands to reach consumers while they are in the shopping environment, while also selling to non-retail brands, such as within the automotive and financial industries, that wish to reach the engaged shopper within this channel. Word of Mouth Advertisements provides brands with the ability to increase engagement with their advertising through the inclusion of authentic consumer sentiment. Mobile Advertising enables brands to reach consumers on their mobile devices.
The Company competes with Pluck, Reevoo, Gigya, Viewpoints, Google and Facebook.
Advisors' Opinion:- [By Roberto Pedone]
Another earnings short-squeeze prospect is Bazaarvoice (BV), a provider of social commerce software solutions, which is set to release numbers on Wednesday after the market close. Wall Street analysts, on average, expect Bazaarvoice to report revenue of $44.12 million on a loss of 8 cents per share.
The current short interest as a percentage of the float for Bazaarvoice is very high at 14.4%. That means that out of the 41.18 million shares in the tradable float, 6.33 million shares are sold short by the bears. The bears have also been increasing their bets from the last reporting period by 11.6%, or by 656,000 shares. If the bears are caught pressing their bets into a bullish quarter, then shares of BV could rip sharply higher post-earnings as the shorts rush to cover some of their bets.
From a technical perspective, BV is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been trending sideways inside of a consolidation pattern for the last month and change, with shares moving between $10.15 on the downside and $11.50 on the upside. Any high-volume move above the upper-end of its recent range post-earnings could trigger a major breakout trade for shares of BV.
If you're bullish on BV, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $11.35 to $11.50 a share with high volume. Look for volume on that move that hits near or above its three-month average action of 661,797 shares. If that breakout triggers, then BV will set up to re-test or possibly take out its next major overhead resistance levels at $13 to $14 a share.
I would simply avoid BV or look for short-biased trades if after earnings it fails to trigger that breakout and then drops back below its 50-day at $10.34 a share and then below some key near-term support at $10.15 a share with high volume. If we get that m
- [By Jake L'Ecuyer]
Bazaarvoice (NASDAQ: BV) tumbled 15.09 percent to $7.01 as the U.S. District Court in the Northern District of California ruled against the company's acquisition of PowerReviews.
- [By Eddie Staley]
Bazaarvoice (NASDAQ: BV) tumbled 11.52 percent to $7.30 as the US District Court in the Northern District of California ruled against the company's acquisition of PowerReviews. Sears Holdings (NASDAQ: SHLD) was down, falling 13.88 percent to $36.66 after the company reported a 7.4% drop in same-store sales at Kmart and Sears for the nine-week period ended January 6. The department store expected to post a loss for the fourth quarter and full year.
- [By Rick Munarriz]
Bazaarvoice (NASDAQ: BV ) was another big winner, soaring 27% higher on the week after posting better-than-expected financial results. Bazaarvoice's adjusted net loss of $0.12 a share was slightly better than the $0.13 a share in red ink that the pros were projecting.
Best Stocks To Buy For 2014: Clifton Star Resources Inc (CFO)
Clifton Star Resources Inc. (Clifton) is a mineral exploration company engaged in the acquisition, exploration and development of mineral resource properties in Canada. Clifton�� focuses on gold exploration in Quebec, but it also has precious and base metal projects in Quebec and Manitoba. During the fiscal year ended June 30, 2012, a total of 41,730 meters have been drilled, with 124 holes completed. As of June 30, 2012, the Company had two drills operating on the Duparquet Project. The Company's exploration properties include Beattie, Donchester and Dumico properties, Central Duparquet, Duquesne property, Hunter Property and Cat Lake Property. The Duparquet Project covers 7.7 kilometers of strike length along the prolific gold bearing Porcupine-Destor Fault. The Central Duparquet property consists of 18 mineral claims totaling 293 hectares located in the Duparquet Township, Quebec. Duquesne property owns 55 mineral claims and one mining concession located in Destor Township, Quebec. Advisors' Opinion:- [By Muhammad Bazil]
There are four criteria used to determine how profitable a company is. Of these four criteria, Facebook satisfies three, making it appear to be a very profitable company. Those criteria are as follows:
Return on Assets (ROA): This figure is essentially the company�� net income. In order to meet this criterion in Piotroski�� method, the ROA must be a positive number. With an ROA of 0.40, Facebook meets this requirement and receives a 1.
� Cash Flow from Operations (CFO): This tells investors how much the company is earning from its regular business activities (production, sales, etc). It must be a positive number in order to receive a score of 1. Facebook�� cash flow from operations was $1,612 meaning it definitely satisfies this requirement and receives a 1.
� Change in ROA: In order for the profitability of a company to be considered sustainable, it must show a steadily increasing return on its assets. To calculate this, we take Facebook�� current ROA of 0.40 and subtract the previous year�� ROA (15.80). This gives us a difference of -15.40, showing a decrease. Therefore, Facebook does not meet this requirement and receives a 0.
� Accrual: This criterion simply checks to make sure that the company�� cash flow from operations is higher than its return on assets. As we can see above, Facebook�� CFO of $1,612 is definitely greater than its ROA of 0.40 meaning that it receives a score of 1.
Best Stocks To Buy For 2014: California Water Service Group (CWT)
California Water Service Group, incorporated on August 2, 1999, is a holding company. The Company operates California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water), and CWS Utility Services and HWS Utility Services LLC are collectively called Utility Services. Cal Water, New Mexico Water, Washington Water, and Hawaii Water are regulated public utilities. Utility Services provides non-regulated services to private companies and municipalities. The Company�� business is conducted through its operating subsidiaries. Its bulk business consists of the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include full water system operation, billing and meter reading services. Non-regulated operations also include the lease of communication antenna sites, lab services, and promotion of other non-regulated services.
Regulated Business
California water operations are conducted by the Cal Water and CWS Utility Services entities, which provide service to approximately 473,100 customers in 83 California communities through 25 separate districts. Of these 25 districts, 23 districts are regulated water systems, which are subject to regulation by the California Public Utilities Commission (CPUC). Cal Water operates two leased water systems, the City of Hawthorne and the City of Commerce, which are governed through their respective city councils and are outside of the CPUC's jurisdiction. California water operations account for approximately 94% of its total customers and approximately 94% of its total consolidated operating revenue.
Hawaii Water provides service to approximately 4,2! 00 water and wastewater customers on the islands of Maui and Hawaii, including several resorts and condominium complexes. Hawaii's regulated operations are subject to the jurisdiction of the Hawaii Public Utilities Commission. Hawaii Water accounts for less than 1% of its total customers and approximately 3% of its total operating revenue.
Washington Water provides domestic water service to approximately 15,800 customers in the Tacoma and Olympia areas. Washington Water's utility operations are regulated by the Washington Utilities and Transportation Commission. Washington Water accounts for approximately 3% of its total customers and approximately 2% of its total consolidated operating revenue.
New Mexico Water provides service to approximately 7,600 water and wastewater customers in the Belen, Los Lunas and Elephant Butte areas in New Mexico. New Mexico's regulated operations are subject to the jurisdiction of the New Mexico Public Regulation Commission. New Mexico Water accounts for approximately 2% of its total customers and approximately 1% of its total consolidated operating revenue.
Non-Regulated Businesses
Non-regulated activities consist primarily of operating water and waste water systems, which are owned by other entities; providing meter reading and billing services; leasing communication antenna sites on its properties; operating recycled water systems; providing lab services for water quality testing; billing of optional third-party insurance program to its residential customers; selling surplus property, and other services as requested by the client. The Company provides operating and maintenance, meter reading and customer billing services for several municipalities in California. It also provides sewer and refuse billing services to several municipalities. The Company leases antenna sites to telecommunication companies, which place equipment at various Company-owned sites. The antennas are used in cellular phone and personal communic! ation app! lications.
Advisors' Opinion:- [By Marc Bastow]
Utility holding company California Water (CWT) raised its quarterly dividend 1.5% to 16.25 cents per share, payable on Feb. 21 to shareholders of record as of Feb. 10.
CWT Dividend Yield: 2.78%
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