U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading better on Friday after gapping yesterday's close. At 08:09 GMT, October WTI crude oil is trading $55.15, up $0.73 or +1.38% and December Brent crude oil is at $57.90, up $0.56 or +0.98%. On Thursday, the U.S. reported that retail sales rose 0.7% in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, according to data that came a day after the 2-year/20-year U.S. Treasury yield inverted for the first time since June 2007 prompting a sell-off in stocks and crude oil.
As Mark Cuban, the “Shark Tank” star, billionaire entrepreneur, and NBA franchise owner explains, just pay off your debts. The personal finance site NerdWallet put our revolving credit card balance at $420.22 billion in late 2018. The revolving number is just the credit card debt we carry from month to month.
For financial scammers, that means 10,000 potential new victims every 24 hours. While anyone, anywhere, at anytime can be a victim of a financial scam—and below are some of the most common ones—seniors are particularly at risk. “Older Americans are more vulnerable for many reasons,” says Joe Snyder of the National Adult Protective Services Association (NAPSA), a Washington, D.C.-based nonprofit that works with the financial industry, seniors groups and others to reduce rip-offs.
CyrusOne shares are rising more than 8% Friday after Bloomberg reported that the company is exploring a sale after receiving takeover interest from at least one potential suitor. The Dallas real estate investment trust specializing in data centers is working with an adviser to evaluate strategic options after it received takeover interest, sources told the news service. One of Bloomberg's sources said that a group including KKR & Co. , Stonepeak Infrastructure and I Squared Capital is mulling whether to bid for the company.
In a market environment that overwhelmingly encourages constant activity by investors who seemingly want to double their money every week, a discussion of stocks to buy and hold forever seems comically out of place. Conversely, the fact that Warren Buffett's favorite holding period is “forever” and how he's got a track record most investors would envy is just as telling. With that as the backdrop, here's a rundown of 10 stocks to buy and hold forever … or at least until something significant changes with your life plans or the companies themselves.
Lucy Macdonald, chief investment officer of global equities at Allianz Global Investors, discusses the volatility in markets this week and what we can expect moving forward. She speaks on “Bloomberg Markets: European Open.
In the past, China has shown extraordinary restraint in response to U.S. tariffs and President Trump's critical tweets. Let us discuss your game plan if China retaliates, starting with the help of two charts. Please click here for an annotated chart S&P 500 ETF (SPY) Even though the Dow Jones Industrial Average (DJIA) is the most popular index, for analysis purposes, investors ought to focus on S&P 500 because the most money is tied to the S&P 500 Index (SPX) of the largest U.S. companies.
Cisco Systems Inc.'s weak revenue forecast for the current quarter weighed heavily on the networking giant's shares Thursday -- they plunged the most in one day in nearly six years -- and some analysts see further pain in store. Instinet analyst Jeffrey Kvaal thinks there could be “another shoe to drop” in the current fiscal year, which just began a few weeks back. While Cisco's (CSCO) management team “appeared unruffled by enterprise demand,” in Kvaal's view, he has numerous concerns about the spending environment.
We have over $1 million in investments for ourselves, an additional $50,000 in investments for our two girls to be used for college. We have made investing mistakes, but we have learned from them. All told, we currently have over $1 million in investments for ourselves, an additional $50,000 in investments (529s and a Scottrade custodial account) for our two girls to be used for college, with our only debt being the final few years of our mortgage.
Insperity (NSP), known as Administaff prior to changing its name in February 2011, may not be a household name, but the company was a pioneer in Professional Employer Organization (PEO) services, explains Hilary Kramer, an industry-leading growth stock expert and editor of GameChangers. PEOs provide comprehensive human resources (HR) services for their clients, which generally are small and mid-sized businesses. According to the National Association of Professional Employer Organizations (NAPEO), firms that work with PEOs grew 7% to 9% faster and have 10% to 14% lower employer turnover than doe firms who do not.
A bad month got worse for General Electric (GE) yesterday when a whistleblower report was released by a forensic accountant alleging that accounting fraud will cause GE to go bankrupt. William Blair analyst Nicholas Heymann remains unfazed by the bearish report, supporting Culp's huge vote of confidence, as he reiterates an Outperform rating on GE stock. Although Heymann does not have a price target on the stock, his calculations imply an intrinsic value between $14 and $16 per share.
The RS line, drawn in blue on every IBD daily stock chart and weekly chart at Investors.com, compares a stock's price performance to the S&P 500. IBD charts are accessed through the Research section on the home page of Investors.com. If the line slopes higher, it means the stock is outperforming the S&P 500, a market benchmark; when it's moving sideways, it's more or less in line with the S&P 500 and when it's sloping downward, it's underperforming.
From the lofty perch of old age, and after a lifetime of thrift, I declare that I am qualified to comment on how not to waste money. We've all heard the reports: Most Americans live paycheck to paycheck, a large number can't come up with $400 for an emergency, and there's no money to save for retirement and other goals. Most of that data comes from surveys where people are, in effect, saying they don't have enough income.
The final five minutes of trading have become the busiest time of day for stock market traders in Europe. Aside from an initial burst of activity after the open in the morning followed by a brief flurry when Wall Street opens, a growing portion of the daily equity volumes is now concentrated into the five-minute closing auctions at the end of the day. The growing popularity of passive and index-tracking funds and tougher regulations are driving the shift, which is draining liquidity in the $11.1 trillion market and raising concerns about big price swings and possible disruption to price discovery.
Americans spend a lot on lotteries. On average, Americans spend a little under $220, each, annually. What if they instead invested that money?
Pershing Square Holdings' Bill Ackman is usually considered an activist investor but there doesn't seem to be much that's “active” about his new stake in (BRKA) Berkshire Hathaway may be run by the world's most famous investor, but the company itself is “misunderstood,” Ackman said in a letter to (PSH) investors released late on Thursday explaining why his firm bought more than 3.5 million shares in the second quarter, valued at $701 million today. Berkshire Hathaway (BRK.B) stock rose 0.5% on Friday morning to $199.35, while the S&P 500 has gained 0.8% to 2,870.72, and the Dow Jones Industrial Average has advanced 135.27 points, or 0.5%, to 25,714.66.
Whether the market hits another rough patch next week, there's one thing that is certain: Investors who buy a stock just before it goes ex-dividend are entitled to the next payout. Bespoke Investment Group compiled a list of 19 stocks in the S&P 1500 that are going ex-dividend on Monday. Buying shares before the market close on Friday entitles the purchaser to the next dividend payment.
The country is facing a retirement crisis, but some Americans are worse off than others. Workers in the top 20% of earnings distributions have half of all retirement wealth in both 1992 and 2010, compared with the bottom group, which saw its share fall from 3% to 1% between those years, a recent analysis at The New School's Schwartz Center for Economic Policy Analysis (SCEPA) found. The share of workers in the bottom fifth of the earnings distribution with no retirement savings jumped from 45% to 51% in those 18 years.
Two Wall Street analysts at (GS) collaborated on a (GE) research report and reached a meaningful conclusion. Analyst Joe Ritchie, who covers industrial stocks, and analyst Alex Scott, who covers the North American life insurance industry, published a report comparing General Electric (ticker: GE) insurance reserves to other insurers. Goldman's report followed the negative report from forensic accountant Harry Markopolos, which challenged many GE long-term care insurance accounting assumptions, among other issues.
The cover story in this weekend's Barron's offers stock picks for an energy sector rebound. Other featured articles discuss how the trade war is hitting tech's bottom line and why banks are not an alternative to utilities. Also, the prospects for an apparel retailer, a discount grocer, a genetic testing company and more.
Walmart is a retail titan, the world's largest private-sector employer and for a long time was a huge growth winner for investors. The Dow Jones stock gapped up after its latest quarterly earnings report, outperforming the S&P 500 index extended above a buy zone. Amid an ongoing fight to grow earnings amid fierce competition, is Walmart stock a good buy right now?
The stock market was solidly higher Friday, as the Dow Jones industrials gained more than 100 points to cap off a wild week of trading, set off balance by an inversion of the Treasury yield curve. Dow Jones stocks Apple and Intel were two of the top gainers amid strong earnings results from graphics-chip maker Nvidia. Meanwhile, top growth stock PagSeguro Digital jumped to new highs after its earnings results.
Given long-term demand uncertainties facing the industry, energy companies of all sizes should be paying out dividends that are at least as good as the nearly 2% yield on the S&P 500, he says. Still, it is hard to find big fans of energy stocks, even among investors focused on the sector. That's understandable, given that energy is by far the worst-performing group in the S&P 500 over the past decade, with an annualized return of 4.4%, against 14% for the index.
BABA) delivered another strong quarter despite the softening economy in China, and Wall Street is loving it. For the three months ended in June, the e-commerce giant grew its revenue by 42% to 114.9 billion Chinese yuan ($16.7 billion), while earnings per American depositary receipt jumped 56% to$1.83, the company reported on Thursday. Both numbers easily beat previous expectations, and sent Alibaba ADRs up 4.5% to $174.44 in Friday afternoon trading.
General Electric (NYSE:GE) stock price plunged more than 11% yesterday after forensic accountant Harry Markopolos issued a report accusing the conglomerate of massive accounting fraud and predicted that it could go bankrupt soon. Known for reporting Bernie Madoff's Ponzi scheme to the federal government years before Madoff was caught, Markopolos' has earned some credibility with The Street. For these reasons, I recommend that risk-tolerant investors buy General Electric stock on weakness.