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These gains don't cause pain. A capital gain is the amount of money you pocket by selling one of your investments for more than you paid for it. Technically, capital gains only count for what's called a capital asset, but that's really just anything you own for investment purposes. Stocks and bonds obviously qualify, but your house and household furnishings can also count.
For tax purposes, capital gains are classified as either long-term (held for more than one year) or short-term (held for less than one year) and there are different tax implications for how long you hold onto a capital asset. For most long-term capital gains, you're taxed no more than 15% of the value of the asset. Short-term gains get taxed as regular income, so you pay the rate for the tax bracket you're in.
Capital gains can also be realized or unrealized. When you physically sell an asset like a stock, you've realized the capital gain. When you're holding the stock, and it has a value over its purchase price, but you're not selling it, you've got an unrealized gain, and you won't realize it until you sell.
In a perfect world, we'd all have capital gains. But no one¿s that smart or lucky. When the value of an asset at sale is below what you've paid for it, it's called a capital loss. The good news is that the government lets you count that loss against any gains you've had, lowering the taxes you pay. In fact, many people who sell a stock that has risen far over their purchase price tend to sell some stinkers, too, at the same time for the tax benefit. This is known as a capital-loss offset.
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Tuesday, June 24, 2008
Zacks Analyst Blog Highlights: UBS, BlackRock, Electroglas, Amkor Technology and Broadcom
Comtex
CHICAGO, Jun 24, 2008 (BUSINESS WIRE) ----Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: UBS AG (NYSE: UBS), BlackRock (NYSE: BLK), Electroglas, Inc. (Nasdaq: EGLS), Amkor Technology, Inc. (Nasdaq: AMKR) and Broadcom Corp. (Nasdaq: BRCM).
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Here are highlights from Monday's Analyst Blog:
UBS Slogs Through Credit Market
We are maintaining our Hold on UBS AG (NYSE: UBS). The company posted a first quarter net loss of CHF11.6 billion, due to CHF19.5 billion in writedowns in its US real estate and related structured credit positions. To counter the effects of these writedowns on its capital base, UBS completed a CHF15.97 billion rights offering in June, significantly diluting existing shareholder interests.
Positively, UBS continues to reduce its credit market risk positions, including the recent $15 billion sale of mortgage securities to a newly created distressed asset fund that will be managed by BlackRock (NYSE: BLK). Further writedowns and losses are likely given turmoil in the credit markets. UBS replaced its cash dividend with a 5% stock dividend.
Full Value for Electroglas Semi
Electroglas Inc. (Nasdaq: EGLS) is an original equipment manufacturer (OEM) of wafer prober and wafer test handling systems. February top and bottom-line results were in-line with consensus estimates. While the long-term outlook in probers for EGLS is positive, the short-term cash burn is concerning.
The firm recently signed new volume purchase agreements with Amkor Technology, Inc. (Nasdaq: AMKR) and Broadcom Corp. (Nasdaq: BRCM). The management has embarked on a new aggressive plan to lower breakeven to $14-$15 million (from $18-$19 million). We continue to rate shares of EGLS a Hold.
Electroglas has launched several prober products, including a more competitive 300mm wafer prober system and a newly revised 200mm wafer prober with an upgrade option. The Sidewinder product has been halted and the management changed accounting auditors in an effort to lower expenses.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE: Zacks.com
Zacks.com Mark Vickery Web Content Editor 312-265-9380 Visit: www.zacks.com
Copyright Business Wire 2008 ********************************************************************** As of Friday, 06-20-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-12-2008 for BLK @ $205.11. As of Friday, 06-20-2008 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-08-2008 for UBS @ $31.17. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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