Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060 Stock (NYSE: MGRB)

Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060 (NYSE:MGRB) Stock, Quote.Headers.trade-ideas

Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060

HGTV home renovation stars Jonathan and Drew Scott – best known as <a href="https://www.benzinga.com/real-estate/24/10/41601236/property-brothers-say-in-20-years-no-young-person-will-be-able-to-afford-a-home">the Property Brothers –</a> are fearful that Trump&#8217;s proposed tariffs could send construction costs soaring.
The brothers' native Canada, along with Mexico, has been in the President-elect&#8217;s tariff crosshairs, threatening that if both countries don&#8217;t stop the flow of migrants and drugs into the U.S., they will be hit economically through trade tariffs.
&#8220;Jonathan and I love the idea of domestic-made products,&#8221; real estate agent Drew Scott, one-half of the 6ft 5&#8243; identical twins, told<a href="https://www.bloomberg.com/news/features/2024-12-17/property-brothers-turned-reality-tv-home-renovation-craze-into-a-business-empire"> </a>Bloomberg. &#8220;There is a balance we need to strike,&#8221; Jonathan, the contractor of the two, added. &#8220;Blanket tariffs are not good for any economy,&#8221; he said. If those tariffs include essential building products such as steel and lumber, the results could be devastating for homeowners looking to renovate and the construction industry, causing newly built homes to increase prices sharply.
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<h2 class="wp-block-heading">A $2.8 Billion Home Goods Empire and $200 Million Net Worth</h2>
The Scott Brothers have a lot at stake. They have a $2.8 billion home goods brand empire but, as TV hosts, they also have the added benefit of not simply relying on selling products to pay the bills. &#8220;We&#8217;ve made money in every kind of market possible,&#8221; Drew said. &#8220;Upmarket, down markets, buyer&#8217;s seller&#8217;s markets, it doesn&#8217;t matter.&#8221;
The brothers feel that extensive renovation projects and house flips will likely take a back seat in 2025 if interest rates do not come down. A trade war will only exacerbate things. The Scotts have plenty of outlets to invest their $200 million (according to Celebrity Net Worth) net worth if house flips falter.
See Also: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
<h2 class="wp-block-heading">Endorsement Magnets And Multiple Real Estate Reality TV Shows</h2>
They have created a fixer-upper reality TV empire, with dozens of HGTV shows, books and even a cruise under their umbrella. In addition, the Scotts have, according to Variety,<a href="https://variety.com/2022/tv/news/property-brothers-interview-billion-dollar-lifestyle-empire-1235439674/"> </a>multiple endorsements, appearing in ads for <a href="https://www.benzinga.com/news/24/12/42489378/whats-going-on-with-jpmorgan-chase-shares">Chase Bank</a>, LendingTree, ADT security, Dish Network and American Family Insurance, to name a few. The LA-based production company, Scott Brothers Entertainment, is home to their many TV shows. At the same time, their retail and e-commerce home-furnishing product lines are ubiquitous in multiple retail outlets such as Living Spaces, Macy's, <a href="https://www.benzinga.com/insights/options/24/12/42619016/home-depots-options-frenzy-what-you-need-to-know">Home Depot</a>, Lowe&#8217;s, Wayfair and Amazon. They also have a &#8220;Property Brothers Home Design&#8221; mobile app that debuted in 2019 with publisher Storm8. Everything is housed under their multibillion-dollar business, Scott Brothers Global.
<h2 class="wp-block-heading">A Venture Capital Fund</h2>
In addition, the brothers have created The Healthy Home Innovation Fund, a VC fund for home-related businesses and innovations.
&#8220;We said, &#8216;Well, why don&#8217;t we create a fund where we&#8217;re actually putting our money where our mouth is, find these young talents, get their ideas through our machine and to the next level?'&#8221; Jonathan told<a href="https://www.inc.com/chloe-aiello/the-property-brothers-built-a-multibillion-dollar-empire-now-theyre-helping-other-entrepreneurs.html"> I</a>nc.com. &#8220;And that&#8217;s the goal.&#8221;
Trending: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
The brothers founded the Healthy Home Innovation Fund with GroundBreak Ventures and partner Sanders Lee in 2024. It is raising $50 million to $80 million to deploy to startups developing the latest technology for sustainable home improvement.
&#8220;Whether it&#8217;s decarbonizing your house, heat pumps, air quality in your home, how you transact, buy, sell, renovate or design – anything that touches home fits our pillars,&#8221; Drew added, explaining that he and Jonathan are &#8220;leveraging our brand and our facial awareness to help scale up some of these startups to really make them known, so we can bring the price points down to make it feasible for families.&#8221;
Tariffs or not, the Property Brothers' home renovation empire seems unlikely to crumble anytime soon.
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U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.
Shares of MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell sharply in today's pre-market trading following the company's announcement to issue more shares to finance additional Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) acquisitions. This move aligns with MicroStrategy's ongoing strategy to <a href="https://www.benzinga.com/quote/MSTR">bolster its Bitcoin reserves</a>.
MicroStrategy shares fell 3.5% to $345.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) shares dipped 10.1% to $10.01 in pre-market trading.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) declined 10% to $10.21 in pre-market trading.</li>
<li>Design Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) fell 8.6% to $5.80 in pre-market trading.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) fell 8.6% to $11.21 in pre-market trading.</li>
<li>SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) dipped 8.2% to $9.90 in pre-market trading.</li>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) fell 5.9% to $2.8505 in pre-market trading.</li>
<li>Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) slipped 2.5% to $42.69 in pre-market trading.</li>
</ul>
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The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">National Grid plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGG#NYSE">NGG</a>)</h3>
<ul>
<li>On Nov. 20, National Grid named Steve Smith as Chief Strategy and Regulation Officer. &#8220;It&#8217;s a privilege to be appointed to this role at the most exciting time for the energy sector in decades,&#8221; said Steve Smith &#8220;The strategy and regulation teams already deliver outstanding work to ensure National Grid is set up for success and that we continue to put our customers first. I am very much looking forward to continuing to build on this, as I take up the role on a permanent basis.&#8221; The company's stock fell around 6% over the past month and has a <a href="https://www.benzinga.com/quote/NGG">52-week low of $55.13</a>.</li>
<li>RSI Value: 24&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NGG Price Action: Shares of National Grid fell 0.3% to close at $58.86 on Tuesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">latest NGG news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204.png" alt="" class="wp-image-707637" style="width:520px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084059/image-204-768x708.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
<h3 class="wp-block-heading">American Electric Power Company Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 12, JP Morgan analyst Jeremy Tonet downgraded American Electric Power from Overweight to Neutral and lowered the price target from $109 to $102. The company's stock fell around 7% over the past month and <a href="https://www.benzinga.com/quote/AEP">has a 52-week low</a> of $75.22.</li>
<li>RSI Value: 29</li>
<li>AEP Price Action: Shares of American Electric Power fell 0.5% to close at $92.37 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">AEP stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="847" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205.png" alt="" class="wp-image-707638" style="width:585px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084230/image-205-768x706.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
NextEra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)
<ul>
<li>On Dec. 12, Scotiabank analyst Andrew Weisel maintained NextEra Energy with a Sector Outperform and raised the price target from $92 to $96. The company's stock fell around 6% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/NEE">low of $53.95</a>.</li>
<li>RSI Value: 27</li>
<li>NEE Price Action: Shares of NextEra Energy gained 0.6% to close at $72.91 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1">breakout in NEE shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="872" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206.png" alt="" class="wp-image-707645" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206.png 872w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206-300x288.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/26084658/image-206-768x737.png 768w" sizes="(max-width: 872px) 100vw, 872px" /></a></figure>
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Commercial Metals Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) will release earnings results for the first quarter before the <a href="https://www.benzinga.com/quote/CMC/earnings">opening bell on Monday, Jan. 6, 2025.</a>
Analysts expect the Irving, Texas-based company to report quarterly earnings at 82 cents per share, down from $1.63 per share in the year-ago period. Commercial Metals is expected to report quarterly revenue of $1.88 billion, compared to $2 billion a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 12, UBS analyst Curt Woodworth downgraded Commercial Metals from Buy to Sell and lowered the price target from $62 to $56.
With the recent buzz around Commercial Metals, some investors may be eyeing potential gains from the company's dividends too. As of now, Commercial Metals offers an annual dividend yield of 1.43%, which is a quarterly dividend amount of 18 cents per share (72 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $420,817 or around 8,333 shares. For a more modest $100 per month or $1,200 per year, you would need $84,184 or around 1,667 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.72 in this case). So, $6,000 / $0.72 = 8,333 ($500 per month), and $1,200 / $0.72 = 1,667 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
CMC Price Action: Shares of Commercial Metals gained 1.5% to close at $50.50 on Tuesday.
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Photo by BildWerk on Shutterstock

Earnings

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Concerns are rising over the safety of smartwatch bands after a new study identified the presence of hazardous chemicals in these popular accessories.
What Happened: A recent study published in the journal Environmental Science &amp; Technology Letters has discovered that smart watch bands may contain harmful substances. These bands, often made from synthetic rubber known as fluoroelastomers, can include perfluorohexanoic acid (PFHxA), a type of &#8220;forever chemical,&#8221; Salon <a href="https://www.salon.com/2024/12/24/forever-chemicals-could-be-entering-your-body-from-smart-watch-bands-study-finds/">reported</a> on Thursday,
PFHxA is part of a group of industrial compounds called&nbsp;per and polyfluoroalkyl substances (PFAS),&nbsp;which are resistant to degradation. These chemicals have been associated with serious health issues, including cancer and infertility. Despite the risks, PFAS are commonly found in various consumer products such as non-stick cookware and water-resistant fabrics.
The study, led by&nbsp;Graham F. Peaslee&nbsp;from&nbsp;the University of Notre Dame,&nbsp;analyzed 22 watch bands from different brands and price ranges. Surprisingly, PFHxA was the most frequently detected compound. Peaslee noted that the public might not&nbsp;recognize fluoroelastomers as a type&nbsp;of PFAS, leading to unintentional exposure.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42666163/iphone-17-pro-could-retain-iconic-triangular-camera-design-despite-rumors-of-a-radical-horizontal-layout?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iPhone 17 Pro To Retain Iconic &#8216;Triangular&#8217; Camera Layout Despite Rumors Of Radical Horizontal Layout</a>
Although the study did not involve human testing, the researchers warned that high PFAS levels in these bands could lead to significant skin absorption, especially during activities involving sweat and open pores.
Why It Matters: The revelation of toxic chemicals in smart watch bands comes at a time when the global wrist-worn device market is experiencing significant growth. <a href="https://www.benzinga.com/24/12/42570544/apple-watch-is-getting-a-run-for-its-money-as-chinese-tech-giants-led-by-huawei-lead-20-growth-in-global-wrist-worn-device-market">Chinese tech giants </a>are challenging the dominance of established players like&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). The global market saw shipments reach 139 million units in the first three quarters of 2024, with China leading the charge.
Additionally,&nbsp;Samsung Electronics Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) is intensifying its <a href="https://www.benzinga.com/news/24/07/39716525/samsung-takes-on-apple-with-new-galaxy-ring-and-watch-ultra">competition with Apple</a> by launching new wearables, including the Galaxy Ring and Watch Ultra. As the market expands, the potential health risks associated with PFAS in smart watch bands could become a significant concern for consumers and manufacturers alike.
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<li><a href="https://www.benzinga.com/24/12/42664762/after-investing-nearly-14-billion-in-openai-microsoft-reportedly-moves-to-reduce-its-dependence-on-chatgpt-parent?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft Invested Nearly $14 Billion In OpenAI But Now Its Reducing Its Dependence On The ChatGPT-Parent</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image: Shutterstock/ Usoltsev Kirill

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Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060

Affiliated Managers Group, Inc. 4.750% Junior Subordinated Notes due 2060 (MGRB) Forecast

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