Business sentiment has been shaken by U.S. President Donald Trump’s escalating trade war with China, the European Union and other countries, financial analysts say. Unlike in February when Trump first began saber rattling about trade tariffs and markets swooned, investors so far in June have continued to favor U.S. assets. Traders poured $3.4 billion in net funds into U.S. equities last week, according to analysis from Jefferies and Co., marking the seventh straight week of inflows.
Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
Social media went bonkers a few weeks ago in response to a Marketwatch article that discussed savings benchmarks for people in their 30s. You'll also be certain about any nonportfolio financial resources you'll be bringing into retirement--whether you'll have any income from a pension, for example, or how much of your cash-flow needs will be provided by Social Security.
The U.S. Supreme Court on Monday sided with American Express Co and against 11 states, ruling that the company's policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law. Handing American Express an important legal victory that validated a key component of its business model, the justices upheld a lower court decision that had cleared the company of unlawfully stifling competition through so-called anti-steering provisions in its contracts with merchants. Shares of American Express were up 2 percent after the ruling in midday trading.
Don't be scared to trade China. As the trade war volatility escalates between the U.S. and China, Trump has added more fuel to fire with his latest offensive to restrict Chinese investment in U.S. tech companies. Chinese e-commerce powerhouse Alibaba has eclipsed the headlines for all the right reasons.
"Dividend Aristocrats" are S&P 500 stocks that meet certain minimum size and liquidity requirements and have at least 25+years of consecutive dividend increases. Through its flagship Walgreens chain and certain joint ventures, the company has a presence in more than 25 countries and employs over 385,000 people. WBA's 42 years of consecutive dividend increases qualify it as a Dividend Aristocrat, and the company appears positioned to deliver $5.95 of adjusted earnings per share for fiscal 2018.
U.S. stocks plummeted in afternoon trading on Monday, with major indexes seeing their biggest one-day drop in months and the Dow set to close below a closely watched level as fresh threats from President Donald Trump against the U.S.’s trading partners undercut investor sentiment. The day’s losses were widespread, with 26 of the Dow’s 30 components trading lower, along with nine of the 11 primary S&P 500 sectors. Tech was the biggest decliner of the day, however, dropping 3% in its biggest one-day decline since March.
Jonathan Krinsky, Bay Crest Partners chief market technician, discusses safe stock bets amid a market sell-off due to rising trade tensions.
A bearish chart pattern has materialized in gold trading, indicating that the embattled precious metal is likely to extend a recent downtrend that has dragged it to its lowest level in 2018, even as signs of global uncertainty have intensified. The current downdraft has resulted in the 50-day moving average for gold prices, currently at $1,306.26 an ounce, falling below its longer-term 200-day moving average at $1,307.20, according to FactSet data. The so-called golden death cross is the first to form in the commodity since around November of 2016.
Jensen Huang, the man who could seemingly do no wrong, and Brian Krzanich, the leader who would finally give Intel shareholders something beyond the dividend to cheer about. Intel for reasons other than trade, that I think we can all agree might have left fans of the stock in some state of shock. As for Intel, I sort of got smacked in the teeth.
General Electric had a market capitalization of $135 billion (as of May 21, 2018), and is one of America’s most familiar brands. The company produces products ranging from toasters and clock radios to the GEnx jet engine for the Boeing 787. It's the first big move from new CEO John Flannery, who took over in September of this year.
Harley Davidson (HOG): Shares are down in early trade, at around .97%. The motorcycle maker said the European Union tariffs on the company’s motorcycles increased to 31% from 6%, and will increase the cost of the the average motorcycle to the EU for the U.S. by about $2,200. Chief communications officer Jonathan Friedland is resigning after using a derogatory word in front of colleagues on more than one occasion. Tapestry (TPR): Shares down here, at around .38%. Goldman Sachs rated the company formerly known as Coach as a “buy” in new coverage, saying it sees strong growth prospects for both the Coach and Kate Spade brands.
Not everyone needs a financial advisor. As a financial advisor and certified financial planner, I know I can't help every prospective client who comes through the door. Sadly, the financial advice industry has become so confusing for investors to navigate, that many investors now need a college-level course on the subject just to figure out whether they should even consider working with an advisor.
Legendary value investor Bill Miller says value plays are not just cheap stocks. Data assembled for CNBC.com by Morningstar shows little move into growth stocks by value funds. The top value fund this year has been the Copley Fund, returning nearly 12 percent year-to-date.
MARKET PULSE Shares of Chinese internet names are down sharply in Monday trading, with Alibaba Group Holding Ltd. (baba) and iQiyi Inc. (iq) among the biggest losers. Their stocks are down 3.8% and 7.4%, respectively, following reports
NEW YORK (AP) -- Carnival Corp. shares tumbled Monday after the cruise operator gave a weaker-than-expected outlook, citing growing fuel costs. The stock fell $6.11, or 9.6 percent, to $57.42 in morning trading. The
Amazon rolls out discounts for Prime members in Whole Foods stores nationwide. The Prime member discounts include an additional 10% off sale items, typically hundreds of products throughout the store, plus exclusive weekly deep discounts on select items. To enjoy the exclusive deals, customers need to download the Whole Foods app and login using their Amazon Prime account or phone number.
Jun.24 -- Xiaomi's IPO is priced at up to 29.3 times forecast earnings and its CFO says the company deserves such a premium. Bloomberg Intelligence's Vey-Sern Ling discusses the IPO on "Bloomberg Markets: Asia."
Cisco Systems, Inc. ( CSCO) stock has been steadily climbing over the past year, with shares of the networking company reaching prices not seen in nearly 20 years, rising by almost 36%, and easily beating the S&P 500’s return of 13%.
A Massachusetts regulator accused MetLife Inc. of defrauding investors by wrongfully releasing reserves to boost its bottom line instead of making pension payments to hundreds of retirees in that state. Massachusetts Secretary of the Commonwealth William Galvin claims MetLife’s public filings had “material misstatements” about the insurer’s finances because it didn’t properly administer those pension plans, according to an administrative complaint filed Monday. The regulator is seeking an order to force MetLife to locate all retirees in that state that are owed benefits, as well as possible sanctions, censure and fines.
New study of retirement planning reaches a surprising conclusionWorking a little longer can add a lot to your standard of living in retirement. Which of the following has the greatest impact on your retirement standard of living?
Susquehanna analyst Christopher Rolland wrote Monday that a deal with Apple could add a 15 percent bump to earnings per share. Contacts expect the next generation of the wireless AirPods in 2019, complete with water resistance and noise-cancellation, Rolland added. Shares of small-cap Cirrus Logic bucked the downward trend in semiconductor stocks Monday, rallying more than 3 percent after an analyst speculated the company’s chips will be used in the second generation of Apple’s AirPods.
Several tech giants still carry reasonable valuations -- at least after accounting for the impact of heavy near-term spending and/or business model transitions. Apple's revenue growth profile isn't as strong as that of some of the companies mentioned below -- the consensus is for Apple to see 14% revenue growth in fiscal 2018, but just 4% growth in fiscal 2019.
Every time the stock market rallies over any significant period, we're bound to see the "most shorted stocks" chart come out of the woodwork with an ominous caption like "presented without comment" or "this is the top." Besides the fact that presented without comment is a comment in and of itself, the presenter very rarely tells us the methodology behind the chart's construction, leaving us with more questions than answers. This week's version is brought to us by Zerohedge.
After making new all-time highs at $371.60 on June 6, shares of Boeing Co (NYSE:BA) have come back to earth, dropping nearly 9% in just the past few weeks. While some of the fears are justified, the bearish price reaction in BA stock is now getting decidedly overdone. In my previous analysis of Boeing from March 15, I highlighted some of the reasons why the selling was likely overdone.