Here are the places where millionaires are moving

Australia, the U.S. and Canada are now the favorite countries for millionaires to move to, according to a new study.

An estimated 11,000 millionaires moved to Australia last year, according to New World Wealth, making it the number one country for millionaire migrants. The U.S. ranked second with 10,000, followed by Canada with 8,000.

The overall number of millionaire migrants is rising. Last year, 82,000 millionaires migrated worldwide, up from 64,000 in 2015.

 

The overall number of millionaire migrants is rising. Last year, 82,000 millionaires migrated worldwide, up from 64,000 in 2015.

Andrew Amoils of New World Wealth, said that when it comes to deciding whether to move and where to live, millionaires are looking mainly for a good education for their kids and personal safety.

"They want the best schools for their children and to feel safe," he said. "Climate, health care and cleanliness all follow those top two."

When it comes to where millionaires are moving from, New World said, France tops the list. Fully 12,000 millionaires left France last year. China ranked second in millionaire flight, with 9,000 leaving, followed by Brazil with 8,000.

Millionaires are leaving France because of high taxes on the wealthy as well as rising religious tensions, Amoils said. 

"At least in China, the millionaires who are leaving are being replaced by an ever larger number of new millionaires," Amoils said. "But you could argue that France is not creating as many, so it's a cause for concern."

For its study, New World looks at millionaires who are physically moving to a country for at least six months — as opposed to millionaires who may get citizenship or a house in a country but rarely live there. They define millionaires are those with $1 million or more in assets, minus their primary residence.

Here are the top five countries by net inflows and net outflows of millionaires who are migrating.

Top 5 by net inflows:

Australia: 11,000

USA: 10,000

Canada: 8,000

New Zealand: 4,000

Top 5 by net outflows are:

France: 12,000

China: 9,000

Brazil: 8,000

India: 6,000

Turkey: 6,000

Robert Frank

Source: http://www.cnbc.com/2017/02/21/here-are-the-places-where-millionaires-are-moving.html

This Stock Has A 13.69% Yield, Sells For Less Than Book And Insiders Have Been Buying

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15 Best Income And Growth Stocks For 2016

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In this series, we look through the most recent Dividend Channel ”DividendRank” report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider’s view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So when stocks turn up that see insider buying, and are also top ranked, investors are wise to take notice. One such company is Invesco Mortgage Capital IVR +1.37% Inc. (NYSE: IVR), which saw buying by CEO Richard J. King.

Back on March 14, King invested $24,380.00 into 2,000 shares of IVR, for a cost per share of $12.19. In trading on Thursday, bargain hunters could buy shares of Invesco IVZ -0.23% Mortgage Capital Inc. (NYSE: IVR) and achieve a cost basis 5.4% cheaper than King, with shares changing hands as low as $11.53 per share. It should be noted that King has collected $0.40/share in dividends since the time of their purchase, so they are currently down 2.1% on their purchase from a total return basis. Invesco Mortgage Capital Inc. shares are currently trading +1.37% on the day. The chart below shows the one year performance of IVR shares, versus its 200 day moving average:

Looking at the chart above, IVR’s low point in its 52 week range is $9.74 per share, with $16.21 as the 52 week high point — that compares with a last trade of $11.85. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
11/11/2015	Richard Lee Phegley Jr.	Chief Financial Officer	1,853	$12.95	$23,996.35
03/08/2016	Richard J. King	President & CEO	3,000	$12.16	$36,480.00
03/14/2016	Richard J. King	President & CEO	2,000	$12.19	$24,380.00

The DividendRank report noted that among the coverage universe, IVR shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent IVR share price of $11.69 represents a price-to-book ratio of 0.7 and an annual dividend yield of 13.69% — by comparison, the average company in Dividend Channel’s coverage universe yields 4.8% and trades at a price-to-book ratio of 2.2. The report also cited the strong quarterly dividend history at Invesco Mortgage Capital Inc., and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research.”

The annualized dividend paid by Invesco Mortgage Capital Inc. is $1.60/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/23/2016. Below is a long-term dividend history chart for IVR, which the report stressed as being of key importance. Indeed, studying a company’s past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

Source: http://www.forbes.com/sites/dividendchannel/2016/03/24/this-stock-has-a-13-69-yield-sells-for-less-than-book-and-insiders-have-been-buying/#2e1379635ea9

That 'Useless' Liberal Arts Degree Has Become Tech's Hottest Ticket

Slack CEO Stewart Butterfield (Photo credit: Carlo Ricci for Forbes)

In less than two years Slack Technologies has become one of the most glistening of tech’s ten-digit “unicorn” startups, boasting 1.1 million users and a private market valuation of $2.8 billion. If you’ve used Slack’s team-based messaging software, you know that one of its catchiest innovations is Slackbot, a helpful little avatar that pops up periodically to provide tips so jaunty that it seems human.

Such creativity can’t be programmed. Instead, much of it is minted by one of Slack’s 180 employees, Anna Pickard, the 38-year-old editorial director. She earned a theater degree from Britain’s Manchester Metropolitan University before discovering that she hated the constant snubs of auditions that didn’t work out. After dabbling in blogging, videogame writing and cat impersonations, she found her way into tech, where she cooks up zany replies to users who type in “I love you, Slackbot.” It’s her mission, Pickard explains, “to provide users with extra bits of surprise and delight.” The pay is good; the stock options, even better.

What kind of boss hires a thwarted actress for a business-to-business software startup? Stewart Butterfield, Slack’s 42-year-old cofounder and CEO, whose estimated double-digit stake in the company could be worth $300 million or more. He’s the proud holder of an undergraduate degree in philosophy from Canada’s University of Victoria and a master’s degree from Cambridge in philosophy and the history of science.

“Studying philosophy taught me two things,” says Butterfield, sitting in his office in San Francisco’s South of Market district, a neighborhood almost entirely dedicated to the cult of coding. “I learned how to write really clearly. I learned how to follow an argument all the way down, which is invaluable in running meetings. And when I studied the history of science, I learned about the ways that everyone believes something is true–like the old notion of some kind of ether in the air propagating gravitational forces–until they realized that it wasn’t true.”

Such nuances elude policymakers, who can’t shake the notion that tech-centered instruction is the only sure ticket to success. President Barack Obama has repeatedly called for more spending on tech-focused high schools. In a February interview with the Re/code website, he hailed computer-programming classes as “a huge priority,” adding: “It can’t just be a handful of kids. It’s got to be everybody.”

In fact, people without a tech degree may already be benefiting the most from tech’s boom . Some fascinating insights can be found on LinkedIn, which tracks graduates of specific universities as they move into the workforce. Say hello to the 62,887 LinkedIn members who attended Northwestern University in the past decade. Now zoom in on the 3,426 who have moved to the San Francisco Bay Area, one of the most popular destinations outside the Midwest, as they chase the Silicon Valley dream. Smart call: The Wildcats’ top corporate employers include Google, Apple, Facebook, Genentech and LinkedIn.

Surprisingly, only 30% of these migrants ended up in engineering, research or information technology. As LinkedIn data show, most of the migrants have created nontechnical career paths in Silicon Valley. The list starts with sales and marketing (14%) and goes on to include education (6%), consulting (5%), business development (5%) and a host of other specialties ranging from product management to real estate. Add up the jobs held by people who majored in psychology, history, gender studies and the like, and they quickly surpass the totals for engineering and computer science.

Run the numbers on recent graduates of Boston University, the University of Texas at Austin or any of the University of California campuses, and the hiring pattern in Silicon Valley is seen to be broadly similar. A case in point is Rachel Lee, who graduated from UC, Berkeley with a communications degree in 2011; now she’s an account manager at Slack. She’s been at the company for barely a month but she’s already helped a construction company assimilate Slack’s software to keep track of things as varied as plaster shipments and building regulations via employee smartphones. Lee says she’s in awe of her technical colleagues who write Slack’s code. They, in turn, respect her because of her untechnical ability to “connect with end users and figure out what they want.”

In Austin Suzy Elizondo can see tech’s new power structure every time she looks around the room during customer meetings. She has been working for five years at Phunware, which develops mobile applications for a wide variety of customers, including AT&T, the Houston airport and celebrity astrologers. When she joined the company as a design specialist after earning an advertising degree from UT Austin, she was the odd one out. Most meetings were packed with software engineers.

Suzy Elizondo (Photo credit Darren Carroll For Forbes)

Now nontechnical people from clients and from her own company often occupy at least half the seats. The reason: Software development keeps getting more automated. The rise of content libraries and plug-in modules means that mobile apps can be built much faster, with fewer people. But the nontechnical side–getting everyone to agree on what an app should look like–is more labor-intensive than ever. That means endless meetings and revisions for Elizondo, who’s now a creative director overseeing a seven-person department.

Mobile technology doesn’t only make life more convenient, observes Robert Tabb, a Phunware salesman who visits medical centers all year. Putting easy-to-use information on everyone’s smartphone also redefines a lot of people’s jobs. And that means lots of intense conversations about how big organizations should reconfigure themselves to handle these dislocations. Tabb sees this upheaval in action every time he approaches hospitals about installing mobile apps that guide patients toward their appointments, even if it’s not obvious which corridors lead from the lobby to Room C-713.

Analysts' Actions -- Stock Upgrades & Downgrades: Twitter, Procter & Gamble, Marvell Technology and More

NEW YORK (TheStreet) -- RATINGS CHANGES
Akamai Technologies (AKAM) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $79. Near-term capitulation in AKAM makes for an attractive entry point, as analysts are bullish on cloud security and Internet media, Deutsche Bank said.
AK Steel (AKS - Get Report) was upgraded at Credit Suisse to neutral from underperform. Twelve-month price target is $5.50. AK Steel confirmed that Magnetation debt is nonrecourse and that AKS has no legal commitments to provide further financial support to Magnetation, Credit Suisse said.
Must Read: Warren Buffett's 7 Secrets to Dividend Investing Revealed
American Public Education (APEI) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $32. Deutsche Bank said its analysts were downgrading the stock on increasing enrollment volatility and margin pressure.
Church & Dwight (CHD) was downgraded at Oppenheimer to market perform from outperform. Valuation call, based on a 12-month price target of $90, Oppenheimer said.
Compass Minerals (CMP) was downgraded at J.P. Morgan to neutral from overweight. Twelve-month price target is $89. Estimates were also cut, as the company is investing more in future growth, J.P. Morgan said.
Entergy (ETR) was downgraded at BMO Capital to market perform. Twelve-month price target is $80. Estimates also cut, given forward market prices, BMO Capital said.
Marvell Technology (MRVL - Get Report) was downgraded at JMP Securities to market underperform from market perform. Twelve-month price target is $10. Marvell's largest customer, Western Digital (WDC), had a reporting shortfall, JMP Securities said. Marvell's also made a preannouncementthat revenue for its April quarter would be between $710 million and $740 million, due to PC and storage weakness with lower-than-expected emerging-market demand, JMP Securities also said. The midpoint of the company's revenue guidance would be down 15% quarter over quarter, and 24% year over year. The consensus was for $815 million.

Bull of the Day: HealthStream (HSTM)

HealthStream (HSTM - Snapshot Report) has seen its estimates increase due to a solid Q1 earnings report where subscriber growth for the Workforce Development Solutions segment was the main driver.  Further, revenues grew +23% year over year, while contracted subscribers increased +15% year over year.  These combined factors has made HealthStream the Zacks Bull of the Day.

For all intended purposes, HealthStream has a solid grip on the healthcare education market, and is considered the industry leader.  The company boasts of having their customer base represented by over half the nation’s hospitals, and about 4.1 million healthcare professionals, who have all chosen HealthStream’s platform of products and solutions. This Zacks Rank #1 (Strong Buy) stock is known for pioneering Web-based solutions to meet the training and education needs of the healthcare industry utilizing a proprietary system.  Through strategic relationships with medical institutions and commercial organizations the company has amassed hours of training and educations courses.  The company distributes hours of these courses online to allied healthcare professionals, nurses, doctors, and other healthcare workers.

Their Workforce Development Solutions segment is the main driver for the company where each sub-segment saw growth above or in line with management’s expectations.  Also, the Patient Experience Solutions segment, second largest segment, saw +8% year over year growth, and has recently contracted two large health systems for just over $1 million in services. 

Price and EPS Surprise

The graph below shows the Price and +EPS Surprise for HealthStream.

Increasing Estimates

Over the past 7 days, estimates have increased for Q2 15, Q3 15, FY 15, and FY 16; Q2 15 rose from $0.04 to $0.06, Q3 15 increased from $0.06 to $0.08, FY 15 jumped from $0.22 to $0.32, and FY 16 rose from $0.39 to $0.43. 

Company Data

Bottom LineHealthStream’s dominate position in healthcare education and training has produced 10 consecutive quarters with revenue growth, while containing COGS and SG&A to reasonable levels.  During the same 10 quarters, the company has also increased Total Assets each quarter.  These are all indications of a solid growth company.

After their fifth consecutive earnings beat and solid client pipeline HealthStream has earned its spot as the Zacks Bull of the Day.  Further, with high expectations, and increasing estimates, it is expected that this company will continue to grow over the next few quarters.

by Brian Hamilton

Source; http://www.zacks.com/commentary/44154/bull-of-the-day-healthstream-hstm