- S&P 5002,921.26-0.11%
- Dow 3026,259.25+0.22%
- Nasdaq7,986.34-0.42%
- Russell 20001,508.15-0.11%
- Crude Oil55.25-0.77%
- Gold1,508.40-0.48%
- Silver17.06-0.56%
- EUR/USD1.1088-0.0554%
- 10-Yr Bond1.6130+2.28%
- Vix16.81+6.39%
- GBP/USD1.2254+1.0220%
- USD/JPY106.4600-0.1192%
- BTC-USD10,082.71-0.48%
- FTSE 1007,128.18-1.05%
- Nikkei 22520,628.01+0.05%
- InvestorPlace
7 Inexpensive, High-Dividend ETFs to Buy
The iShares Core High Dividend ETF (NYSEARCA:HDV) has a 12-month dividend yield of 3.23%, which is well above the S&P 500 and 10-year Treasuries. However, this high-dividend ETF follows the Morningstar Dividend Yield Focus Index, which screens companies for financial health, giving the fund a quality look. With an annual fee of just 0.08%, HDV is one of the cheaper high dividend ETFs on the market today.
- Schaeffer's Investment Research
GameStop Options Traders Call a Top After Burry Goes Long
There hasn't been much to write home about for GameStop Corp. (NYSE:GME). Today, though, the stock is up 7.6% to trade at $3.88, after Barron's reported hedge fund manager Michael Burry -- whose famous bet against subprime mortgages ahead of the 2008 housing crisis was featured in the movie "The Big Short" -- just went long on GME stock. Scion Asset Management took a 3.3% stake in GME, and encouraged the company to buy back its shares.
- Barrons.com
Square Stock Has Tanked Since Earnings. Now Is the Time to Buy, Analyst Says.
(SQ) stock (ticker: SQ) has taken a beating in the three weeks since it reported earnings. But (DBK)'s Bryan Keane has a simple message for investors: Buy the stock, because, fundamentally, nothing has changed about the trajectory of the underlying businesses. Square shares were recently down 1.7% in Thursday trading. Square shares were up almost 45% in 2019 ahead of its second-quarter results, but after their post-earnings drop, the gains have been trimmed to just over 14% this year, compared with a 16% increase for the broader S&P 500.
- Investor's Business Daily Video
How Much Mortgage Can You Afford In The 25 Priciest U.S. Markets?
Are you wondering: How much mortgage can I afford? In some markets, you better be able to pay for a big one, or you'll be shut out. Fortunately, there are tricks you can use to increase the size of your answer when you ask yourself how much mortgage you can afford.
- Barrons.com
The $2 Billion Break-Up Fee in Sotheby’s Merger Agreement
Sotheby's could stand to receive almost $2bn in damages if French media tycoon 's $3.7 billion takeover bid of the auction house falls through for any reason other than lack of financing. The payment, disclosed in (BID) proxy statement filed with the Securities and Exchange Commission on August 7, is designed to compensate the target for its time and effort in facilitating a transaction. Drahi, the founder of cable and telecoms group (ATC) , surprised the art world in June when he made his $3.75 billion bid, including debt, for Sotheby's, which would end the auctioneer's 31-year-run as a public company on the New York Stock Exchange.
- Barrons.com
Buy Etsy and Wayfair Stocks Because They Are Bargains, Analyst Says
Shares of e-commerce companies (ETSY)and (W)are poised to rise substantially after recent declines, an analyst says. Stifel analyst Scott Devitt Wednesday upgraded both companies to Buy from Hold, maintaining price targets on the shares that suggest appreciation of 29% and 30% from Wednesday's closing prices for Etsy and Wayfair, respectively. Devitt's $70 price target on Etsy is unchanged—but the shares have fallen some 19% this month after the digital craft marketplace reported a scaled-back profit outlook.
- Refinery29
I Make $200,000 As A Physician & I Took Out $400,000 In Student Loans
Did you have to take out student loans? All of my loans came from medical school, which is a little over $400,000. "Right after college, I went to medical school, and following medical school I was in residency for three years.
- MarketWatch
U.S. stocks retreat after yield curve inverts again, Fed officials take hawkish tone in Jackson Hole
Stocks fell Thursday morning, reversing early gains, after worrying data on the U.S. manufacturing sector showed it contracting in August and after the yield spread between 10-year and 2-year Treasuries inverted for the third time this week. Investors were also focusing on the annual Federal Reserve symposium in Jackson Hole, Wyo., where Fed officials were providing more insight about coming monetary policy after minutes from the Fed's July 30-31 meeting offered few surprises and suggest that policy makers want to remain flexible. The Dow Jones Industrial Average (DJIA) fell 21 points or 0.1%, at 26,182, the S&P 500 fell (SPX) 10 points, or 0.3%, to 2,915, while the Nasdaq Composite index (COMP) retreated 56 points to 7,964, an decline of 0.7%.
- Investor's Business Daily
This $1 Billion Deal Softens Blow After Boeing Loses 'Kill Vehicle' Contract
Boeing landed a contract worth up to $999 million to produce wing sets for the A-10 Thunderbolt II. It helps soften the blow after the Pentagon canceled the Dow Jones stock's contract to produce a "kill vehicle" to shoot down missiles from North Korea or Iran. The firm's new U.S. Air Force contract will see it produce a maximum of 112 wing sets and spare kits. Boeing will work with key suppliers, including Korean Aerospace Industries, to deliver the first sets to Hill Air Force Base in Ogden, Utah.
- MarketWatch
If you want to understand how the world works, you need to understand bonds
The pamphlet said you should invest in bonds as well as stocks. It said bond prices went up when interest rates went down, and vice versa. It didn't go into any more detail.
- Barrons.com
Costco Is the Most ‘Woke’ Company Out There
Earlier this week, the heads of 181 major companies decided that maximizing shareholder value was no longer the main purpose of the modern corporation. Corporate leaders at companies such as (AMZN) (ticker: AMZN), (AAPL) (AAPL), BlackRock (BLK), and (WMT) (WMT) signed the Roundtable's statement on “the purpose of a corporation.” It's great to know that masters of corporate politics recognize that others are struggling to get by, that hard work is often unrewarded, and that not enough is being done to help workers adjust to the changes. The principles may even eventually help humanize companies and make them more appealing to millennials who like to invest with their values, unlike economist Milton Friedman, who thought that companies existed to maximize shareholder returns.
Oilprice.comU.S. To “Drown The World” In Oil
The U.S. could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world's attempts to address climate change. The U.S. is set to account for 61 percent of all new oil and gas production over the next decade. A recent report from this organization says that to avoid the worst effects of climate change, “we can't afford to drill up any oil and gas from new fields anywhere in the world.” This, of course, would quickly cause a global deficit, as the world continues to consume around 100 million barrels per day (bpd) of oil.
- MarketWatch
What retirement crisis? Number of 401(k) and IRA millionaires hits record high
Indeed, the number of 401(k) and IRA millionaires hit a record high at the end of the second quarter, Fidelity found. The number of people with $1 million or more in their 401(k) increased to a record 196,000, up from 180,000 at the end of Q1, while the number of IRA millionaires increased to 179,700, also a record high and an increase from 168,100 last quarter,” the report revealed. What's more, employee savings rates hit a record high, with 32% of savers increasing their contributions in the second quarter of this year.
- Bloomberg
China Taking a Much Longer-Term Strategic View of Trade, Says Hao Capital’s Liu
Charlies Liu, founder of Hao Capital, discusses the U.S.-China trade spat, the situation with Huawei and the length of the negotiations. He speaks on “Bloomberg Markets: China Open.
- MarketWatch
25 dividend stocks selected for value by an outperforming money manager
Buckingham did a special screen of stocks held within Prudent Speculator portfolios to narrow the group to 25 that meet additional criteria, as listed below. He also provided three- to five-year price targets for the group. That is in contrast to the 12-month targets and ratings used by most Wall Street analysts.
- Reuters
UPDATE 1-U.S. 30-year, 15-year mortgage rates fall to lowest since Nov 2016 -Freddie Mac
Borrowing costs on U.S. 30-year and 15-year fixed-rate mortgages fell to their lowest levels since November 2016, in line with the recent decline in bond yields because of trade and recession fears, Freddie Mac said on Thursday. Last week, the yields on 10-year Treasury notes briefly dipped below those on two-year notes for first time in a dozen years. The "curve inversion" among these two debt maturities has often preceded prior U.S. recessions.
- U.S.News & World Report
9 Safe Dividend Stocks to Buy for 2019
Companies with relatively low payout ratios -- the percentage of earnings committed to dividend payments -- were viewed as the safest dividend stocks to buy for 2019. To date, none has portfolio-destroying or home run quality returns, fulfilling their duty as sources of relative stability. Here's a look at nine safe dividend stocks CFRA said were smart long-term investments headed into 2019, and how they're holding up year-to-date.
- Bloomberg
How I Learned to Stop Worrying and Love the Deficit
In its report, the CBO estimates that increased spending will add roughly $1.9 trillion to the national debt over the next 10 years, while lower tax revenue will add nearly $300 billion. So the cumulative deficit over the next decade will grow from $12.3 to $14.5 trillion. However — and here is where things get weird — that increase is partially offset by a $1.3 trillion reduction in projected interest costs, bringing the estimate of the overall debt to $13.2 trillion.
- InvestorPlace
10 Marijuana Stocks That Could See 100% Gains, If Not More
But, with the marijuana industry having only scratched the surface of what it can be, and likely will be, there's little doubt that at least some of these names could double their current values. The 10 Best Marijuana Stocks to Buy Now Here's a rundown of the top ten cannabis stocks most likely to dish out a triple-digit gain, sooner or later. Canopy Growth (CGC) It's arguably the name that started cannabis-mania, as Canopy Growth (NYSE:CGC) was the first name to attract a major partner's money.
- MarketWatch
Brace for a stock market drop if the Fed’s Powell doesn’t yield to Trump
Federal Reserve Chairman Jerome Powell has come under increasing pressure from President Trump to cut interest rates by as much as 100 basis points. The stock market now expects Powell to bow to Trump. Wall Street's consensus may be right — that the bubble in the stock and bond markets may inflate further — but prudent investors ought to be prepared if Powell is defiant.
- InvestorPlace
10 Stocks That Every 30-Year-Old Should Buy and Hold Forever
Of course, investors in their 30s should be holding some of their money in an index fund that will provide conservative growth. Since then, the market has come to its senses and DIS stock is back to trading above $135 per share. The first is that the company is ripe for a major comeback.
- Yahoo Finance
Ousted Canopy Growth CEO Bruce Linton says the worst is behind company's stock, buys more shares
Canopy Growth (CGC) co-founder Bruce Linton may have been fired from his CEO role, but he's still loving the company. Pointing to Canopy's disappointing first-quarter earnings report that sent shares falling 15% last week, the ousted CEO hinted that for the company that let him go and recently fell to a near 52-week low, the worst might be behind it. A 52-week low is a good thing, right, if you're trying to buy,” he told Yahoo Finance's YFi PM as he revealed buying even more shares.
- USA TODAY
Trump is pushing the Fed for a big rate cut. But would it help or hurt the economy?
What's more, inflation has been mired so persistently below the Fed's 2% annual target that a big rate cut that triggers a hotter economy and a jump in consumer prices seemingly would be welcomed by central bank policymakers who worry that low or falling prices could prompt consumers to put off purchases. There's also seemingly little risk that low-interest rates are fomenting bubbles in stocks or other assets that soon could pop and lead to the next recession. I agree with the president,” says Joe LaVorgna, chief economist for the Americas at research firm Natixis.
- MarketWatch
Dow wipes out 187-point gain to turn negative in Thursday morning action amid hawkish Fed speakers, weak data
U.S. stocks stumbled to session lows late-morning Thursday, relinquishing earlier gains on the day amid a pair of central bank speakers at a closely watched symposium in Jackson Hole, Wyo., and weak manufacturing data. The Dow Jones Industrial Average (DJIA) was 85 points, or 0.3%, lower at 26,120, after the blue-chip index had gained by as many as 187 points at the session peak. Kansas City Fed President Esther George indicated Thursday in an interview on CNBC that she would not support further interest-rate cuts and Philadelphia Fed President Patrick Harker said he reluctantly supported the July rate cut but now wants to keep rates steady.
- MarketWatch
10 mistakes nearly everyone makes when saving for retirement
Here's why this is a critical time: If you're 10 years out, or even five, you have time to do some course corrections that will make a difference — but you don't have time to waste. Based on my observations from talking with thousands of investors over many decades, let's look at 10 errors, each of them far too common. People approach retirement without a coherent, organized plan.
