With the world looking back to rebounding markets in search of
earnings, those in the business of providing investment insights
are seeing a boost in earnings of their own. Over the past several
weeks, the Zacks Industry Ranking of financial investment services
has held its ground near the top of the list and, this past week
alone, moved up eight positions.
Financial Investment Management now enjoys a Zacks Industry Rank of
Recently, this industry of 36 companies has benefited from 76
positive revisions to annual earnings estimates, compared to 25
negative revisions. With these positive estimate revisions
averaging +24%, there are indications of sector-wide movement.
Downward earnings surprises have been seen as well, but the recent
performance of a few select companies is certainly worthy of a
One common thread between these two companies is their servicing of
high-net worth individuals and groups. Those with wealth are
sensing new opportunities and engaging experienced advisors to
assist in taking advantage. Compounding this are the new revenues
seen with the implementation of successful strategies.
Both of the following companies have seen revisions this week in
their Zacks Rank. Upward movement in rank from a Buy to a Strong
Buy signals that a stock may be on the move higher following future
positive earnings estimate revisions. This understanding can assist
in grasping not only the direction of a particular company, but
wider trends within a sector as well. Both of these businesses have
been revised upward to a current Zacks Rank #1 (Strong Buy) and
both hold a Zacks Recommendation of "Outperform."
If nothing else, these companies have demonstrated that managing
investments can pay off. What better reason to learn more about
managing your own?
Noah Holdings Ltd
NOAH is a Zacks Rank #1 (Strong Buy). It was raised within the last
week from Zacks Rank #2 (Buy) and reports earnings on August 7,
Noah Holdings Ltd., through its subsidiaries, is engaged in
providing independent services primarily comprising of distribution
of wealth management products to the high net worth population in
China. It distributes over-the-counter wealth management products,
which mainly include fixed income products, private equity funds
and securities investment funds.
Playing strongly in favor of Noah Holdings Ltd. is an 86% increase
in the number of clients year-over-year, combined with a 63%
increase in the value of their wealth management products. With
China's massive population and the growing economic status of its
people, this trend looks to continue.
NOAH pays a dividend of 1% and their most recent earnings surprise
GBL is a Zacks Rank #1 (Strong Buy), climbing up from Zacks Rank #2
(Buy) just last week. This company reports quarterly earnings on
August 6, 2013.
GAMCO Investors, Inc., through its subsidiaries, manages assets in
private advisory accounts, mutual funds, closed-end funds,
partnerships and offshore funds. They service high net worth
individuals, institutions and pension plans. Gamco has seen
particular strength with its institutional and private wealth
management business, rising 14% since March 2012.
GBL pays a dividend of 0.37% and their most recent earnings
surprise was +17.86% for Q1.
GAMCO INVESTORS (GBL): Free Stock Analysis
NOAH HLDGS LTD (NOAH): Free Stock Analysis
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