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My Favorite ETF for 2012

With all the volatility individual stocks have seen lately, you may be looking for an alternative investment. We suggest exchange-traded funds (ETFs), which are investment funds that are traded on stock exchanges. ETFs hold assets like stocks, commodities or bonds, making them less risky than most individual stocks. This report contains our favorite ETF for 2012. It's an ETF that has shown to be a steady performer in the past six months, while the stock market has produced not much more than extreme volatility.

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Longtop Growing along with China’s Financial Firms

by on September 03, 2010

Longtop Financial Technologies (LFT) is growing fast as tech-support supplier to China’s financial services companies, Investor’s Business Daily reported.

Ranked #1 in banking IT market share at 6%, Longtop supplies its technical services to China’s Big Four state-owned behemoths and many other banks and insurance companies, IBD reported.

The bank IT solutions market in China is expected to grow at a compund annual rate of 18.5% between 2009 and 2013, but Longtop is growing faster. In its fiscal first quarter ending June 30, revenue rose 71.6% year-over-year to $48.9 million, according to IBD.

Longtop’s software revenue makes up about 80% of overall revenue and grew 56.8% from the earlier year to 31 cents a share. Management expects revenue of $233 million for the fiscal year ending March 2011, up from $169 million in the prior year, reported IBD.

Longtop Financial was the July Cabot Stock of the Month at 32. The stock closed Thursday at 36.

 

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