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The mortgage sector has been underperforming over the last few quarters due to QE3 measures taken by the government. But REIT stocks are beginning to rebound as mortgage rates increase along with the spread. Most of the companies in the sector reported declines in net interest rate spreads and were forced to cut dividends to stay afloat.Lately there have been some voices on the ill effects of the strategy and supporting a withdrawal of QE3. However, such a thing is not possible in the short run, but it may be time to analyze some of the REITs and take a position now to gain in the time ahead. Discussed below are three residential REITs with yield greater than 14%. Click to enlarge image. *As of May 20, 2013. Source: Finviz.com. ARMOUR Residential REIT, Inc. (ARR) is externally managed by Armour Residential Management LLC. ARR's main business

Cadence Pharmaceuticals Inc. (CADX) UBS Global Healthcare Conference Transcript May 21, 2013 2:00 PM ET Executives Bill LaRue - Chief Financial Officer Analysts Ami Fadia - UBS Presentation Ami Fadia - UBS … for joining us. I’m Ami Fadia. I cover mid-cap spec pharma stocks at UBS. And it’s my pleasure to have Bill LaRue, who is the Chief Financial Officer at Cadence Pharmaceuticals. Please come to floor. Bill LaRue All right. Thank you, Ami. Thank you everyone for joining today. I appreciate the opportunity. It’s been some time talking about the Cadence story. Before we start, I mentioned forward-looking statements, there are a number of risks inherent in our industry and our businesses and these risks are outlined in our Risk Factors contained in our periodic filings with the SEC, including our most recent 10-Q. So for those of you who are new to the story, Cadence Pharmaceuticals is

Phillips 66 (PSX) UBS Global Oil and Gas Conference Transcript May 21, 2013 11:00 AM ET Executives Greg Maxwell - Executive Vice President, Finance and CFO Analysts Craig Weiland - UBS Presentation Craig Weiland - UBS Next up, we have Phillips 66 and I’d like to welcome Greg Maxwell, Executive Vice President of Finance and CFO. Turn over to you, Greg. Greg Maxwell Good morning, everyone. Thank you. Thanks Craig. Thank you to Craig. Thank you to UBS for hosting us here today. It’s really a pleasure to be here today and opportunity to tell you our history about Phillips 66 and how we are delivering on our strategies. And we truly appreciate your interest in our company. As we get started, the cautionary statement on slide two, it contains our Safe Harbor statement. It's a reminder that we will be making forward-looking statements during the presentation as well as

Shares of Saks (NYSE:SKS) surged more than 18 percent in late afternoon hours. The company has reportedly hired Goldman Sachs (NYSE:GS) to help it seek strategic alternatives, including a possible sale. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! After jumping 4.7 percent on Tuesday, Merck (NYSE:MRK) shares gained another 1 percent in late afternoon trading. The pharmaceutical giant announced an accelerated $5 billion share repurchase agreement. “This accelerated share repurchase demonstrates our commitment to delivering increased value to shareholders in the short term, while continuing to invest in the important opportunities that will drive our long-term growth,” said Kenneth C. Frazier, chairman and chief executive officer. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Shares of NetApp (NASDAQ:NTAP) jumped 2.5 percent in late afternoon hours. The company reported better-than-expected earnings for the fourth quarter, and increased its stock repurchase program $1.6 billion to $3 billion. NetApp will also start paying a dividend of 15 cents per share. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Apple (NASDAQ:AAPL) shares closed nearly 1 percent in the red on Tuesday and continued to edge lower in late afternoon trading. Apple CEO Tim Cook appeared before the U.S. Senate’s permanent investigations subcommittee to discuss tax practices. The tech giant makes a decent chunk of its revenue from abroad, and it can move that money around between subsidiaries to keep it in countries with lower taxes. It can also keep that money abroad to avoid a steep repatriation tax. As Cook asserted in the opening moments of his testimony, Apple paid a corporate tax rate of 30.5 percent in 2012, which resulted in a tax bill of $6 billion. The iPhone maker was not brought before the Senate because it violated the law, but because an analysis of the company’s current practices will serve to further the legislative body’s attempt to draft new tax codes. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Don’t Miss: How Much Money Do Americans Need to Make Ends Meet? Read the original article from Wall St. Cheat Sheet

Glu Mobile Inc. (GLUU) Stifel Nicolaus Internet, Media & Telecom Conference Call May 21, 2013 2:05 pm ET Executives Eric Ludwig – Executive Vice President and Chief Financial Officer Analysts Drew Crum – Stifel Nicolaus & Company, Inc. Presentation Drew Crum – Stifel Nicolaus & Company, Inc. Can you hear me? Okay. So we’re pleased to welcome the management team of Glu Mobile. Glu is a leading global developer and publisher of freemium games for smartphones and tablet devices. Joining us today from Glu is Eric Ludwig, the company’s CFO. Eric is going to run through some prepared remarks and we’re going to do a fireside chat with some Q&A and we’ll save sometime at the end for your questions. So with that I’m going to ask Eric to start and break that. Eric Ludwig Thank you, Drew. I think I’ve got about 10 minutes of prepared slides to go

Continuing the dissection of the Alerian MLP Index, the second largest holding in the index is Kinder Morgan Energy Partners LP (KMP), making up 10.2% of AMZ. Kinder Morgan is really a family of companies, with a publicly traded GP, Kinder Morgan Inc. (KMI), and a sister company, KMR, that pays distributions in new units. The KMP units pay their distributions in cash, but are otherwise identical to Kinder Morgan Energy Management LLC (KMR), which pays distributions in additional units and makes up 3.8% of the Alerian Index. Since each ticker basically represents the same assets, its not as if owning both represents any diversification, so the same pipes in the ground represent 14% of AMZ.As I said, Kinder Morgan Inc is the GP of KMP, and adds a significant amount of growth opportunities, given its size. KMI also has helped facilitate the biggest development in the MLP space

Cisco (CSCO) delivered an investor "quadfecta" when it reported its fiscal third quarter earnings last Thursday. Its earnings of 51 cents per share beat estimates by 2 cents, while its revenues of $12.2 billion were higher than the consensus estimate of $12.18 billion.Meanwhile, the networking giant also guided full-year revenues higher, saying the company could attain 4% to 7% growth even accounting for the sale of Linksys. The higher end of that range exceeds Wall Street's consensus of 6.8%. What's more, Cisco expects fiscal fourth quarter earnings of as much as 52 cents per share - a penny better than the current consensus estimate. Finally, Cisco announced that it was raising its dividends by 20% - a sign that the company is confident enough in its own future prospects that it is willing to return more cash to investors.Consequently, Cisco's stock, which had been one of the Dow

Transocean Ltd. (RIG) UBS Oil and Gas Conference Call May 21, 2013, 02:05 pm ET Executives Esa Ikäheimonen - EVP & CFO Analysts Presentation Unidentified Analyst Good afternoon. We are very pleased to have in our new spot lined up for the day Transocean; Esa Ikäheimonen, Executive Vice President and Chief Financial Officer of Transocean. He joined Transocean as CFO in November 2012. He has had a 22-year career in the energy sector. Before joining Transocean, he served as Senior Vice President and CFO of Seadrill from 2010 to 2012 and he has spent almost 20 years at Royal Dutch Shell in a number of senior financial positions. Clearly, it is interesting time for Transocean as of late. The company certainly has had a lot on its plate with Macondo, Brazil, as to the shareholders, raising the dividend and the start of a significant cost cutting program as well as

EXACT Sciences Corporation (EXAS) May 21, 2013 10:30 am ET Executives Kevin T. Conroy - Chief Executive Officer, President and Director Presentation Unknown Analyst Good morning, everyone. Thank you for coming to day 2 of the UBS Healthcare Conference. My name is David Suki [ph]. I'm with the healthcare investment banking team here at UBS in New York. It's my pleasure to introduce our next speaker, which is Kevin Conroy of Exact Sciences Corp. Following the presentation, there'll be a breakout session in room Liberty 3 down the hall. Kevin? Kevin T. Conroy Thank you very much. Very much appreciate being invited to speak today. Before I get going here, we will be making forward-looking statements. This is the Safe Harbor statement. We're here today to talk about Cologuard, which is a new test that screens for, not only colon cancer, but most importantly the precancers that lead to colon

United Technologies Corporation (UTX) Electrical Products Group Conference May 21, 2013 11:30 AM ET Executives Louis Chênevert - President and CEO Analysts Presentation Unidentified Analyst I have the pleasure of introducing Louis Chênevert from UTC and Louis thank you very much for joining us last night as well for a cocktail. We really appreciate it and welcome. Louis Chênevert Thank you very much Dan. Good morning everyone. It’s always nice to be here. Let me start by saying we have had a good start to 2013. Total sales increased 16% and as you know that’s driven by the Goodrich and IAE deals. EPS was up 6% reported but a solid 16% when gains and restructuring are excluded from both periods. We also paid down additional debt and resumed our share buyback program in Q1. Some other important accomplishment; we just as of last week had the first flight of the