The Dow Jones industrial average closed down 460.19 points, or about 1.8 percent, at 25,502.32. Meanwhile, the "yield curve" inverted for the first time since 2007. That means a Treasury bill that matures in three months is yielding 2.45 percent -- slightly more than the yield of a Treasury note that matures in 10 years. While the yield curve is still often a predictor of recessions, it may well not be imminent.
U.S. markets had their worse daily decline so far in 2019 as investors ditched stocks on concerns about the economy and warning signals from the bond market sent buyers into Spring hiding. This was Friday's damage; S&P 500: DOWN 1.9% DJIA: DOWN 1.7% Nasdaq: DOWN 2.5% In fact, investors have been pulling money out of stocks all week. According to Bank of America, $12.1 billion went into bonds, while $20.7 billion came out of equities.
On Wednesday, March 20, 2019, I recorded my second biggest single-day loss ever of -$29,058.17, almost all of that due to a single trade. Although not my biggest loss ever, it is the largest I've had in recent history. It's also the worst one I've had since I started my challenge of growing my trading account from $583 to $1 million just over two years ago.
Jim Cramer runs through his thoughts about viewers' stock picks.
Most people think they're above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The information may help those who are currently working and saving, by giving them more ability to plan their finances and prepare. A survey of “Saving Regret” targeted 1,600 Americans aged 60 to 79 to ask them about whether they had saved enough money — and if not, why not.
Before “retirement,” many members of the FIRE movement are working full time jobs — often lucrative ones — but they leave all that behind in order to live off their savings for decades. And it doesn't always work out that way. Mr. Money Mustache is largely credited with popularizing the idea of “early retirement” and encouraging others to spend less in order to work less, too.
But it doesn't matter. There is so much money run algorithmically that stocks are pre-ordained to come down because the recession pattern post inversion has been a reliable one. So, you can't stop the rain coming down on this market until you get a host of people to realize there are bargains even if we have a big slowdown and if we are in are in a real jam the Fed can cut rates if it has to.
In the golden hills of California's San Joaquin Valley, oil jacks pump what is among the world's most expensive types of crude. Buena Vista's posted price is $70.53 a barrel, more than $10 above West Texas Intermediate futures and almost $3 more than Brent. The oil is also more expensive than international grades such as Dubai and Oman.
SNH's full-year Zacks Consensus Estimates are calling for earnings of $1.66 per share and revenue of $1.11 billion. These results would represent year-over-year changes of +4.4% and -0.67%, respectively. Any recent changes to analyst estimates for SNH should also be noted by investors.
"Investing Lessons From the Activist Playbook" by Al Root suggests that more companies — even Apple Inc. NASDAQ: AAPL) — are being targeted by activist investors who are notching more victories, and yet the record on their returns is mixed. n "Tesla, GM, and Lear Are in the Driver's Seat as the Auto Industry Changes," Richard Rescigno interviews two top auto analysts who explain their views on how to play the future of transportation, what to expect from General Motors Company (NYSE: GM) and others.
In a conference call, he hurled expletives at Boeing Chief Executive Officer Dennis Muilenburg, according to a person who heard the exchange and asked for anonymity to describe the private conversation. Boeing's narrative largely held – until Ethiopian Airlines Flight 302 crashed minutes after takeoff this month. Now scrutiny is landing on the iconic American planemaker, facing Congressional hearings and law enforcement investigations into how it handled its own responsibilities to guarantee the safety of the 737 Max planes.
The Best Dividend Funds For investors who don't like to fly solo, dividend funds offer a way to invest in dividend-paying stocks in companies that have the potential for long-term growth. How do you pick the best from the rest? Look at the fund's performance, long-term and recent.
The S&P 500 has surged over 14% in 2019, driven by growth from tech giants such as Netflix NFLX, Facebook FB, and Amazon AMZN. Costco's e-commerce strength has helped drive growth. In fact, digital comps surged over 25% last quarter, boosted by Costco's free two-day delivery for non-perishable food and household supplies, along with expanded same-day through its Instacart partnership.
Buffet's elementary probability approach keeps his investing analysis simple: he focuses on transparent companies with a wide moat that is easy to understand and logical in their progression. However, Buffett is also known for his deep value approach which he perfected through his study and work with Benjamin Graham. His value approach combined with a simplified understanding of companies limits the investable universe for Berkshire's portfolio to companies with low P/Es, high levels of cash flow, and sustained earnings.
I have to wonder about their decision to put the photos on Instagram — one of the social media apps that could put Snap out of business, ultimately sending SNAP investors scrambling to buy FB stock, if they already haven't,” I wrote. However, I have to give him credit for risking it all in the short-term for an app redesign that would deliver consistent revenue and profit growth in the long-term. It's not easy to take that kind of risk when the entire world is telling you that you're making a huge mistake.
It began with news reports that Mexico would dip into a stabilization fund to pay some Pemex debt. Then Deputy Finance Minister Arturo Herrera told Bloomberg News this would give the state-owned oil producer as much as $7 billion to face debt obligations over the next year and a half. Central bank Governor Alejandro Diaz de Leon was bombarded with questions from media about the fund story, which graced the front pages of financial newspapers Friday, and it was followed by research notes from banks.
Like the song says: “know when to walk away, know when to run.” Such is the case with the Chinese electric car company Nio (NYSE:NIO). While NIO stock hit a post-IPO peak of more than $10 early in March, the shares opened March 21 at $5.85. By March 11 InvestorPlace contributor Luke Lango saw the bull thesis weakening and that was an understatement.
However, this move higher has occurred despite Aurora making no moves into the U.S. hemp market. Moreover, ACB stock trades close to levels it saw before it started falling in October, portending a possible double top in the equity. Considering the stock price and other factors, investors should probably avoid Aurora Cannabis stock at these levels.
Since the start of the year, China's iQIYI (NASDAQ:IQ) stock has been on a tear. A Chinese internet vide company, iQIYI was spun off from Chinese search engine Baidu (NASDAQ:BIDU). IQ stock, which sold for under $15 at the start of January, was trading for $26 this afternoon.
When Big Oil majors started buying EV charging networks and battery producers, they probably earned some praise for venturing into new business directions away from their increasingly unpopular core business. Now, they are taking this a step further: supermajors have super utility plans. Integrated oil companies know the importance of covering the whole supply chain in an industry, so it only made sense to grow into power generation once you've established a presence in one of the biggest growth segments in power demand: electric vehicles.
Many public and private sector employers heavily subsidize premium payments or premium equivalent rates to attract and retain key employees. As part of a negotiated or collectively bargained retirement package, pre-65 retiree coverage typically continues the same contribution levels to which the employee was accustomed. Thus, group retiree health insurance may contractually remain close to affordable pre-retirement levels or, in some instances, present no cost at all.
This week, Apple (AAPL) is expected to continue its campaign to try and convince investors that its future is in services rather than hardware. The tech giant is widely anticipated to unveil two new offerings at its Monday special event: a video streaming service and news subscription platform. Apple's public pivot to services began in earnest at the start of the year, after the company unexpectedly slashed its quarterly revenue forecast amid lower-than-anticipated iPhone sales.
Like PepsiCo, Inc. versus the Coca-Cola Company or Ford Motor Company versus General Motors Company, the battle between McDonald's Corporation (NYSE: MCD) and Burger King represents one of the most iconic and important business rivalries in American history. For more than 60 years, McDonald's has been the trailblazer that set the standard by which all other franchises operate.