BX has been in a 1 year high level consolidation...the longer it it ,the bigger the move...so to me it will be higher with the good year end earnings report and nice dividend.. chart looks good.. 50 dma moved above the 100 and 200dma
You are completely wrong about taking gains or losses in a tax year. It is the date of sale not the settlement date that has to be during the tax year so a sale on December 31, 2014 that settles after the new year still counts for 2014 taxes.
"The buyer does not own the stock until settlement date."
Nonsense. If that were true then it would be impossible to make a day trade, as the trader would not get credit for gains or be liable for losses.
A buyer owns a stock the instant the trade is executed. The buyer doesn't become a shareholder of record until the trade settles, but being a shareholder of record is important only for dividends and voting on shareholder issues.
Owning a stock and being a shareholder of record are two different things.
The trade date is the day on which the transaction occurs, and the settlement date is the day on which payment is made, and possession transfers from the seller to the buyer. The settlement date is usually 3 business days after the trade date for stocks, or one business day after the trade date for call options and put options. The buyer does not own the stock until settlement date. This is important when the trade is made close to the ex-dividend date, or when the trade is made at yearend, but does not settle until after yearend. The gain or loss on sale is recorded in the tax year of the settlement date.
You are wrong both as related to the last trading day and for the last day to take gains or losses. The trade date and not the settlement date is what is used to determine gains or losses. You don't belong buying stocks if you don't know this.
With all do respect, the word "tax" does not appear in your original post ... therefore, I must concur with Sam on this one. Dec 29, 30, and 31 are indeed valid trading days with US equity markets open for business. Your original post, as written, is erroneous.
This is what I know.
The Blackstone Group L.P. (BX) (Previous Close: $33.96, Get Quote) (Ratings, Earnings and Dividend History)
The Blackstone Group L.P. was the recipient of some unusual options trading on Tuesday. Traders purchased 5,915 put options on the stock. This is an increase of 167% compared to the typical daily volume of 2,216 put options.
(12/23) The Blackstone Group L.P. Target of Unusually Large Options Trading (BX) - Watch List News
Missed Moment. In May, Hillshire Brands Co. agreed to buy Pinnacle Foods Inc.PF +1.01% for $4.3 billion, an offer generally viewed as a generous one for Pinnacle, a hodge podge of brands including pickles and cake mixes that is majority owned by Blackstone Group LPBX -0.18%. Many of the company’s brands are old and slow-growing, and conglomerates had fallen out of favor in deal-making. But before Pinnacle could collect its premium, a bidding war emerged for Hillshire, which ultimately agreed to sell itself to Tyson Foods Inc.TSN -1.90% for $7.7 billion. Pinnacle was left with a $163 million break-up fee. Though Pinnacle’s share price is up and Blackstone has been selling, it missed its chance at a clean exit. –Dana Mattioli
Sentiment: Strong Buy
The Blackstone Group L.P. (BX)
In the case of Blackstone Group, you’re getting the private equity firm that’s the biggest and arguably the best in the business. In fact, BX is the largest private equity firm in the U.S., with assets of $70 billion in their private equity operation alone. The company’s total assets under management are a massive $248 billion as of September 2014.
Click to EnlargeThe fiscal prowess of Blackstone has helped the company engineer some very big deals, including high-profile IPOs such as SeaWorld Entertainment Inc. (SEAS), Hilton Worldwide Holdings Inc (HLT), and likely very soon IndCor Properties, an estimated $8 billion REIT.
In October, Blackstone reported a year-over-year surge in what’s known in the private-equity world as economic net income to $758 million, or 66 cents a share. That number was up from the $640 million, or 56 cents a share, that the company reported in the same quarter a year prior (economic net income includes unrealized gains and cash earnings).
Although the economic net income was the highest ever for Blackstone, the number actually fell short of expectations and the stock sold off in response.
For the year, BX shares are up 3.7%, but over the past two years shares are up a very big 117%.
For yield-hungry investors, Blackstone offers a dividend yield of 5.2%, a metric that ranks it No. 12 on our recently published list of America’s 25 Highest-Yielding Large-Dividend Stocks.
Sentiment: Strong Buy
Private-Equity Sell-Side M&A Shatters Record -- Market Talk
DOW JONES & COMPANY, INC. 7:59 AM ET 12/24/2014
10:59 EST - It's been a record year for private-equity firms exiting investments via mergers and acquisitions, with such deals totalling $175B, Dealogic says. That's 39% higher than last year's $125.8B, the standing record. There have been $136.1B of sales to strategic buyers -- 40% more than last year -- and $38.9B worth to other investment firms, up 37% year-over-year. Blackstone (BX) was a big beneficiary, sitting on the sell-side of the year's two largest announced private-equity sales -- Zimmer's (ZMH) $13.4B bid for Biomet and an Asian consortium's $8.1B offer for warehouse owner IndCor Properties
Sentiment: Strong Buy
You have to be prepared to average down with this stock as opportunities present themselves (or as players take periodic dumps:) and along with the dividends you come out ahead over time. And, yes, of course, we have a 40 dollar price target to boot.