However, the survey also found that the majority of Americans have more than $10,000 saved for retirement: close to 7% have saved between $10,000 to $49,999; 13% have saved between $50,000 and $99,999, 12% have saved between $100,000 to $199,999; 10% have saved between $200,000 to $299,999, and 16% have over $300,000 in retirement savings. Research by the Insured Retirement Institute (IRI) also suggests trouble for some retiring Boomers. According to the study, 45% of Baby Boomers have no retirement savings.
The U.S. stock market again has moved to an all-time high — and more than a few investors are worried. Finding stocks to buy is exceedingly tough, with growth names in particular at valuations not seen since the heady days of the dot-com bubble. For the most part, stocks have simply climbed the proverbial “wall of worry“. And those investors who have seen many growth stocks as “too expensive” in many cases have missed out on huge gains.
The key product launch investors need to consider is the Apple Card, the company's entry into finance. While Facebook (NASDAQ:FB) wants to create its own money and replace the current Visa (NYSE:V)-dominated payment infrastructure with something cheaper, Apple Card is a gloss on MasterCard (NYSE:MA), with personal finance delivered through an app and integration with existing wireless payment technology. Apple is also throwing money at original content, hoping to overwhelm Spotify (NASDAQ:SPOT) in podcasts and Netflix (NASDAQ:NFLX) in streaming entertainment.
The company expects profit to be more in line with the middle of that guidance range, it said on a conference call.Customer spending on the firm's cards swelled 5% to $311.7 billion in the second quarter, below the $317.2 billion average estimate. Market ReactionShares slipped 0.8% to $127.36 at 9:32 a.m. in New York. “American Express revenue may rise 7-8% long term, our scenario analysis shows, driven by high-spending U.S. consumers and the ability to use its position as the dominant business-card issuer to boost B2B payments." David Ritter, financials analystClick here to read the research.
Employers might be checking up their workers more than they think, according to a new report. Aside from monitoring employees' emails, some companies are keeping track of texts, chat messages, phone calls and ID badges, The Wall Street Journal reported. According to the outlet, workers have been signing agreements for years that say any communication that happens on a company device is the property of the company, but employers are finally coming around to using that information.
Costco Wholesale Corp. (COST), the members-only, big box discount retailer, charges $60 for it's lowest level membership, the Costco Gold Star membership. This may seem like steep cost to buy things, but Costco uses a subscription model of business for three reasons. With several large supermarkets, Wal-Mart Stores, Inc. (WMT) Supercenters, Target Corp. (TGT), Sam's Club, BJ's Wholesale Club, and a variety of neighborhood groceries and farmer's markets, Americans have lots of choice about where to spend their weekly food budget.
Microsoft's (MSFT) stock popped 2% on Friday following another much better-than-expected quarter. For the fiscal fourth quarter, Microsoft's adjusted earnings came in at $1.37 a share versus estimates for $1.21 a share. The tech giant impressed Wall Street thoroughly, which has become the norm under the leadership of CEO Satya Nadella.
Two large banks, a food-and-beverage firm, and a prescription-drug distributor are the companies IHS Markit expects to announce dividend increases next week. (WFC)(Ticker: WFC) and (BAC)(BAC) have signaled their increases, as both firms received approval from the Federal Reserve in late June for their capital plans over the next 12 months. Bank of America is expected to boost its quarterly dividend to 18 cents a share from 15 cents for a 20% increase, as the company indicated last month.
Tuna Amobi, consumer cyclicals analyst at CFRA, discusses second-quarter results from Netflix Inc. as the streaming media company reported a decline in U.S. customers. He speaks with Blomberg's Vonnie Quinn on "Bloomberg Markets."
Rising odds of a 50-basis Fed rate cut helped spark the price of gold to a 6-year high of $1,448 on July 18. Gold stocks are usually stock market laggards when the outlook for the U.S. economy and the U.S. dollar is solid. Doubts about the outlook and especially a dovish Fed have fueled a gold price surge in 2019, sparking a burst of interest in gold investing.
After buying U.S. startups Qualtrics International Inc. and Callidus Software Inc. to bolster its portfolio, SAP instead posted slower growth in new cloud bookings -- a keenly watched metric because it indicates future revenue. "What you're not counting on is how much revenue will come SAP's way by relying on” cloud partnerships with the likes of Amazon and Google, SAP's Chief Executive Officer Bill McDermott told analysts during a call. Excluding infrastructure-as-a-service, growth would be 27%, he said.
Twenty-five companies will be part of the tech board launch in Shanghai, out of the more than 100 hopefuls that applied to go public on the platform. Endorsement from top officials helped generate such enthusiasm that the firms raised a combined $5.4 billion, about 20% more than planned. Demand from retail investors has outstripped supply by an average 1,800 times, even as some analysts voiced concern over lofty valuations.
New data from web analytics firm SimilarWeb found an encouraging trend regarding Snap Inc (SNAP). “More people are visiting Snapchat to advertise,” according to Pascal Cohen, the head of solution implementation and engineering at SimilarWeb.com. Similarweb compared global visits to Snap's advertising platform ads.snapchat.com, in the second quarter, with visit's to Facebook's (FB) advertising platform business.facebook.com.
Advanced Micro Devices (NASDAQ:AMD) stock has been red-hot, hitting new 52-week highs earlier this month. Now we have to consider when to buy AMD stock again and decide whether it can break out over its stiff resistance. AMD stock price fell slightly on Wednesday as it failed to exceed $74.
Square's Debit Card The launch of the Square Card in January has turned the heads of many of the analysts covering SQ stock. One of those analysts is Raymond James' John Davis, who recently upgraded Square stock from “underperform” to “market perform” based on its debit card, suggesting that the card could generate $100 million in additional revenue in 2020. The Motley Fool's Adam Levy points out that Square's subscription and services revenue only generated $600 million in revenue in its latest fiscal year.
India's government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small firms, two officials said, in a sign the country's banking system may not be robust enough to do the job on its own. The government is in discussions with multiple foreign lenders, including Germany's state-owned development bank KfW Group, the World Bank and some Canadian institutions to extend lines of credit to small enterprises, one of the officials, who did not want to be identified, told Reuters. KfW's India office confirmed the discussions, though the main focus was on credit lines to support small businesses' solar power generation.
A 37-hour workday early in his career taught Larry Enterline what it takes to succeed. "These were not 9-to-5 jobs," said Enterline, now 66, who retired June 29 as CEO of Fox Factory Holdings. Witnessing the dedication and work ethic of those workers shaped Enterline.
Thursday was an awful day for Netflix (NASDAQ:NFLX) stock — probably its worst in eight years. That was the last time the company reported a quarterly loss in U.S. subscribers. And this morning, Netflix did just that: Over the last quarter, Netflix reported a net loss of 126,000 U.S. subscribers.
U.S. President Donald Trump's administration has been toughening up sanctions on the Islamic Republic, all but preventing it from exporting oil, the lifeblood of its economy. Trump, who regularly touts the success of those penalties, tightened them further last month after Tehran shot down an American drone near the Persian Gulf. Iran's currency “is under siege thanks to us,” he told a cabinet meeting in January.
Many people make sacrifices in order to put away extra funds in retirement accounts, such as not going on vacation or buying a new car. Once you've made the effort to save and invest, you don't want to compromise your financial future by falling for something that might sound good now, but doesn't contribute to a comfortable retirement. -- Failing to account for inflation.
Electric vehicles are driving the demand for lithium-ion batteries. How might investors play the battery boom led by growing electric vehicle production and a soaring number of devices needing portable power? With government subsidies no longer supporting them as much, Tesla shares are underperforming.
Well-known corporate titans might seem like easy targets, but there are many companies that behave worse than the ones politicians normally go after. In fact, the most commonly criticized companies rank relatively high in analysis of corporate behavior by Just Capital, a nonprofit that evaluates 900 of the biggest U.S. companies on pay, benefits, work environment, job creation, and more than two dozen other criteria associated with upstanding corporate citizenship. The top five companies in Just Capital's rankings are Microsoft, Intel, Google parent Alphabet, Texas Instruments, and IBM.
Latching on to a top-notch growth stock in the early stages of a confirmed stock market uptrend can be a highly profitable endeavor. While powerful IBD growth stock screens like the IBD 50, Sector Leaders and IPO Leaders can help you find them, consider also using the MarketSmith Growth 250. It too has proven its power in uncovering emerging stock market leaders quickly.
Your retirement goals will depend largely on the income you can expect during your retirement and will likely evolve as your plans, risk tolerance, and investment horizon change. While specific investing “rule of thumb” guidelines—such as “You need 20 times your gross annual income to retire” or “Save and invest 10% of your pretax income”—are helpful, it's important to step back and look at the big picture. Consider these six essential rules for smart retirement investing.
Yet investors remain unusually bullish on Beyond Meat stock (ticker: BYND), which is trading around $170 ahead of the company's release of second-quarter earnings on July 29. The sentiment is fairly incredible at a time when most investors are afraid of their own shadows and sit around debating what may happen to stock prices after the Federal Reserve's rate-setting committee meets at month's end. Beyond Meat is the new (TSLA) [TSLA] and the market's latest cult stock,” Michael Schwartz, Oppenheimer & Co.'s chief options strategist, told Barron's.