Last week was an important week for the markets: On Wednesday afternoon, the Federal Open Market Committee and Federal Reserve Chairman Ben Bernanke clarified the central bank's stance with regard to its $85 billion-per-month quantitative easing (bond-buying) program.
In the wake of that event, both of the following stocks generated enormous interest -- and experienced surging volumes. They share at least two characteristics, the first of which is that, strictly speaking, neither of them is a stock.
iShares 20+ Year Treasury Bond Fund (NYSEMKT: TLT )
From Wednesday through the end of the week, the average daily volume of the iShares 20+ Year Treasury Bond Fund was 21.6 million shares -- almost two and a half times the daily volume over the past three months. The ETF, which holds long-dated U.S. Treasury bonds, lost 4.8% on the week (price return), virtually all of which occurred during the last three days of the week. To put that figure in context, it is the fund's third worst week in its nearly 11-year history, and the worst since July 2009. What was the reason behind this drop?
Hot Stocks To Own For 2014: Home Federal Bancorp Inc.(HOME)
Home Federal Bancorp, Inc. operates as the holding company for Home Federal Bank that provides financial products and services to consumers and businesses. The company?s deposit products include checking accounts, money market deposit accounts, savings accounts, and certificates of deposits. Its loan products portfolio comprises one-to-four family residential real estate, real estate construction, and commercial and multifamily real estate loans; commercial business loans for various business purposes, such as working capital and equipment financing, and capital and general investment; and consumer loans, including home equity loans and lines of credit, savings account loans, automobile loans, recreational vehicle loans, and personal unsecured loans. The company offers its products and services in the Treasure Valley region of southwestern Idaho, including Ada, Canyon, Elmore, and Gem counties; the Tri-County region of Central Oregon comprising the counties of Crook, Desc hutes, and Jefferson, as well as the communities of Eugene, Grants Pass, and Medford; and Lane, Josephine, Jackson, and Multnomah counties in Western Oregon. As of January 27, 2012, it operated 28 full-service banking offices. The company was founded in 1920 and is headquartered in Nampa, Idaho.
Hot Stocks To Own For 2014: Macatawa Bank Corporation(MCBC)
Macatawa Bank Corporation operates as the holding company for Macatawa Bank that provides various commercial and personal banking services. It offers various deposit products, which comprise checking accounts, savings accounts, time deposits, transaction accounts, savings and time certificates, non-interest bearing and interest bearing demand deposits, and money market accounts. The company?s loan portfolio comprises commercial and industrial loans, commercial real estate loans, construction and development loans, and multi-family and other non-residential real estate loans; residential mortgage loans; and consumer loans, including automobile loans, home equity lines of credit, installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. It also provides cash management services, safe deposit boxes, travelers checks, money orders, and trust services; ATMs, Internet banking, telephone banking, and debit cards; and b rokerage services, including discount brokerage, personal financial planning, and consultation regarding mutual funds. In addition, the company offers personal trust services, such as financial planning, investment management services, trust and estate administration, and custodial services; and retirement plan services, including provision of various qualified retirement plans, such as profit sharing, 401(k)s, and pension plans. It operated a network of 26 branches and a lending and operation service facility in Kent, Ottawa, and northern Allegan counties of Michigan. The company was founded in 1997 and is headquartered in Holland, Michigan.
Top 10 Stocks For 2014: Centurion Minerals Ltd (CTN.V)
Centurion Minerals Ltd., an exploration stage company, focused on the procurement, exploration, and development of mineral properties in Indonesia. The company explores for gold, copper, and other precious metals projects. Its principal properties of interest include the Halimon property, which covers an area of 10,000 hectares; the Banda Raya property that covers an area of 10,000 hectares; and the Badak property, which covers an area of approximately 10,000 hectares, located in the Aceh Province, Northern Sumatra, Indonesia. The company also holds interests in the Menawan Property that covers an area of approximately 10,000 hectares; the Jimeu Property, which covers an area of 10,000 hectares; and the Sable Property that covers an area of approximately 23,500 hectares located in Aceh, northern Sumatra, Indonesia. The company has a strategic alliance with PT Titan Metals. Centurion Minerals Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.
Hot Stocks To Own For 2014: Bigair Group Ltd (BGL.AX)
BigAir Group Limited, together with its subsidiaries, provides fixed wireless broadband solutions for businesses and campus environments in Australia. The company owns and operates the fixed wireless Ethernet broadband network that covers Sydney, Melbourne, Brisbane, Perth, Adelaide, Newcastle, Gold Coast, Sunshine Coast, and Darwin cities. It also provides private data links for a wide area network to multi-site businesses, including retailers and national organizations; and high-speed Internet access services. In addition, the company offers outsourced managed Internet services in the tertiary student accommodation market. It provides broadband and data services primarily through its channel partners comprising ISPs, carriers, and other IT service companies. The company was founded in 2002 and is based in Surry Hills, Australia.
Hot Stocks To Own For 2014: Nestle SA (NESN.VX)
Nestle SA is a Swiss Company engaged in the nutrition, health and wellness sectors. It is the holding company of the Nestle Group, which comprises subsidiaries, associated companies and joint ventures throughout the world. It has such business units as Food and Beverage, Nestle Waters and Nestle Nutrition. It is also active in the pharmaceutical sector. It divides its products into Powdered and liquid beverages, Water, Milk products and Ice cream, Nutrition, Prepared dishes and cooking aids, Confectionery, PetCare and Pharmaceutical products. In February 2011, the Company acquired CM&D Pharma Ltd.