Posts by Kathy Cherpelis

  • Why stocks are still the place to be in 2016

    Kathy Cherpelis at Yahoo Finance 1 mth ago

    The six-year bull market seems to be at a crossroads, with rising interest rates, declining oil prices and a presidential election ahead.

    John Calamos Sr., Chairman, CEO and Global Co-Chief Investment Officer of Calamos Investments, which has more than $23 billion of assets under management, told Yahoo Finance’s Alexis Christoforous in the video above that he is still positive on the economy and the markets for the next year. Calamos says the Federal Reserve’s modest increase in short-term rates was long overdue and indicates the economy will continue its pace of steady growth.

    Stocks

    Calamos takes a long-term view on investing and believes equities (^DJI, ^GSPC, ^IXIC) are still the place to be next year because historically stocks tend to do well during periods of rising rates, especially growth-oriented stocks.

    Bonds

    Convertible Bonds

    Oil

    Market Volatility

     

  • Yahoo shares soar on possible sale; Qualcomm/Xiaomi licensing deal; Cabela's exploring options

    Kathy Cherpelis at Yahoo Finance 2 mths ago

    Here are some of the stocks the Yahoo Finance team will be watching for you today.

    Yahoo (YHOO) shares are sharply higher in early trading. The Wall Street Journalis reporting that the board plans to meet this week to discuss whether to sell its core internet business, move forward with a plan to spin off its more-than $30 billion in shares of Alibaba (BABA) or a combination of the two. As a disclosure, Yahoo is the parent company of Yahoo Finance.  

    Twitter (TWTR) shares are also on investors' radar this morning after cofounder Evan Williams disclosed in a SEC filling that he sold 1.8 million shares through his foundation.

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  • Morgan Stanley fixed income jobs in jeopardy; Mattress Firm buys Sleepy's; Johnson Controls raises sales outlook

    Kathy Cherpelis at Yahoo Finance 2 mths ago

    Here are some of the stocks the Yahoo Finance team will be watching for you today.

    Morgan Stanley (MS) is reportedly planning to cut up to 25% of its fixed-income staff over the next two weeks amid the recent slump in bond trading activity. The cuts will result in the loss of hundreds of jobs across all of the Wall Street firm's division offices. Morgan Stanley's bond trading revenue fell 42% in the third quarter.  

    HSBC (HSBC), Barclays (BCS), and other U.S. listed shares of British banks are in focus after the U.K.'s annual stress tests showed that the sector is better equipped to handle economic shocks.

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    Johnson Controls (JCI) said it expects fiscal 2016 sales to rise by a stronger-than-expected 4%. The company also said it will complete the spinoff of its automotive business by next October.   

  • BHP Billiton falls as Brazil considers major fine; Microsoft and Fitbit get upgraded

    Kathy Cherpelis at Yahoo Finance 2 mths ago

    Here are some of the stocks the Yahoo Finance team will be watching for you today.   

    BHP Billiton (BHP) is in focus this morning. Brazilian authorities are expected to sue iron ore miner Samarco and its co-owners BHP Billiton and Vale (VALE) for $5.2 billion in damages related to the company's mine disaster in the southeastern state of Minas Gerais earlier this month.  

    Anheuser-Busch InBev (BUD) may be looking to sell SABMiller's Peroni and Grolsch brands in an effort to ease European regulatory concerns for its proposed acquisition of SAB-Miller.

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    Fitbit (FIT) shares are sharply higher in early trading. Barclays upgraded the maker of wearable fitness devices to "overweight" from "equal-weight." The firm pointed out that the slide in Fitbit shares over the past month has been unjustified.

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  • Jobs, not a Fed rate hike, could sway confidence heading into 2016: Conference Board

    Kathy Cherpelis at Yahoo Finance 2 mths ago

    Consumers have plenty to be thankful for this holiday season: the job market has improved with the unemployment rate falling to 5% in October, wages are heading higher, and gas prices are at the lowest since 2008 according to AAA.

    Holiday spending That still hasn’t been enough to encourage households to take out that extra cash and spend it just yet—or keep spirits high. Consumers spent less in October and took the extra money they earned and socked it away. The Commerce Department reported that spending edged up 0.1% last month, while income doubled from September to 0.4%. The savings rate rose to 5.3%, the highest level in nearly three years.

    However, Lynn Franco, Director of Economic Indicators at the Conference Board, doesn’t expect the consumer to disappoint this holiday shopping season. “Consumers tend not to hold back when it comes to the holidays. That seems to be, sort of, the one time of the year when they spend a little bit extra,” Franco explains in the attached video.

    Consumer confidence

  • Valeant fires back; MasterCard loses a big client; GM inks UAW deal

    Kathy Cherpelis at Yahoo Finance 3 mths ago

    Here are some of the stocks the Yahoo Finance team will be tracking for you today. 

    General Motors (GM) and the United Auto Workers union have reached a tentative new four-year labor contract, averting a strike for now. Separately, GM is rolling out its 2016 Camaro in its Lansing Grand River Assembly plant. It is the first time since 1992 that the Camaro is being produced in the U.S.

    MasterCard (MA) is losing a big client. The United Services Automobile Association (USAA), one of the country's largest issuers of debit and credit cards said it's switching to Visa (V) and ending its longtime partnership with MasterCard.  

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  • Amazon, Google and Microsoft hit new highs; Skechers gets crushed

    Kathy Cherpelis at Yahoo Finance 3 mths ago

    Here are some of the stocks the Yahoo Finance team will be tracking for you today

    Procter & Gamble (PG) reported better-than-expected earnings as cost cuts helped profits. However, sales disappointed, as they were short of forecasts. Revenue fell nearly 12% in the third quarter due to weak demand for its products and a stronger dollar. P&G has been shedding the number of items it sells and refocusing its business on its core brands like Tide and Bounty.

    Skechers (SKX), the footwear maker posted adjusted earnings per share that topped estimates. But revenue missed forecasts as it saw sluggish sales growth in the U.S. The company also blamed legal expenses and currency headwinds for the shortfall in sales.  

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    Microsoft (MSFT) reported a beat on both its top and bottom lines. The tech giant’s strategy to shift to the cloud is paying off as cloud sales jumped 8% l ast quarter

     

  • McDonald's delivers a beat; Caterpillar profit plunges; Under Armour hits $1B in sales

    Kathy Cherpelis at Yahoo Finance 3 mths ago

    Here are some of the stocks the Yahoo Finance team will be tracking for you today.

    McDonald’s (MCD) earnings and revenue surpassed Wall Street estimates as it saw an improvement in same-store sales in the U.S. and overseas in the third quarter. New menu items helped lift sales in the U.S. 0.9%. That’s the first sales increase on its home turf in about two years.

    Caterpillar (CAT) posted third-quarter earnings and revenue that fell short of expectations.  Profit fell 64% from a year earlier and the company slashed its profit outlook for the year, as it sees the environment for most of the key industries it serves remaining extremely challenging.  

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    Under Armour (UA) reported better-than-expected earnings and revenue in the third quarter. Revenue jumped nearly 28% to $1.2 billion as footwear sales soared. The company said endorsement deals with athletes such as golfer Jordan Spieth helped drive earnings.  

  • GM delivers strong earnings; Ferrari heads to Wall Street; Boeing's big beat

    Kathy Cherpelis at Yahoo Finance 3 mths ago

    Here are some of the stocks the Yahoo Finance team will be watching for you today.

    General Motors (GM) reported earnings and revenue that beat Wall Street forecasts, as demand for trucks in North America remained strong, which helped offset weakness in China, Europe and South America.  

    Boeing (BA) posted earnings and revenue that topped estimates. Revenue jumped 8.7% from a year earlier thanks to bigger-than-expected jet deliveries and as costs for its 787 Dreamliner subsided. The company also raised its outlook for the year.

    Coca-Cola’s (KO) earnings per share that beat by a penny, but revenue was weaker-than-expected, with sales falling 4.6% in the third quarter due to a stronger dollar.

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  • Oprah bets on Weight Watchers, stock surges; Morgan Stanley's big miss; Boy toys still a hit at Hasbro

    Kathy Cherpelis at Yahoo Finance 3 mths ago

    Here are some of the stocks the Yahoo Finance team will be watching for you today.

    Morgan Stanley (MS) is the latest victim of the slowdown in trading due to the summer market swoon. Earnings per share came in way below estimates in the third quarter and revenue also missed the mark. Profits fell more than 40% while trading revenue dropped 15% from a year earlier as investors took cover from the market volatility.

    Hasbro (HAS) reported stronger-than-expected third quarter earnings, but revenue came in slightly short of estimates.  Boy toys continue to be a big hit for Hasbro with revenue in that category jumping 24% thanks to movie-based toys such as  "Star Wars" and "Jurassic World".  

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    Deutsche Bank’s (DB) new CEO John Cryan is making some major changes. The German bank is restructuring its business by splitting its investment bank in two and removing some of its top executives .

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