About 92 percent of respondents from ages 40 to 49 said they intend to have a job in retirement, compared to about 66 percent of respondents from ages 60 to 69. Roughly half of respondents between the ages of 70 to 79 expect to work about 10 hours per week in retirement. "Gone are the days of retirement being seen as an essential, defined life stage, where an employee could expect to work for a company long-term and be taken care of after retiring," said Christine Russell, senior manager of retirement and annuities at TD Ameritrade.
Berkshire Hathaway picked up RH and Occidental Petroleum in the third quarter, but Warren Buffett soured on Apple, the latest quarterly 13F filings with the SEC show. Hedge funds also disclosed their top Q3 stock buys and sells. Individual investors use the regulatory data to gauge where the "smart money" is placing its bets.
What is the size of the average retirement nest egg? A 2019 analysis of more than 30 million retirement accounts by Fidelity Investments found that the average balance in corporate-sponsored 401(k) plans at the end of 2018 was $95,600. As you might expect, young workers tend to have less money saved for retirement than older workers do, in part because their salaries are usually lower and they haven't had as many years to contribute to their retirement accounts.
Boomers, or the generation born between 1944 and 1964, have been riding a 10-year bull market into retirement, steadily upping bets on stocks to boost 401(k) returns and exposing them to unnecessary risk. More than a third of the generation had crossed over Fidelity's recommended allocation to stocks, which is 70% for those 10 years from retirement. By comparison, almost a quarter of all savers had too much devoted to stocks.
Your company's retirement plan may soon shrink its investment menu. For millions of Americans, their employer's 401(k) is their main retirement savings vehicle. Financial firms that help employers design 401(k) plans say they are choosing fewer investment managers to include in 401(k) fund rosters than in the past, according to results of annual study of 180 such advisers by Sway Research LLC.
Goldman Sachs has an interesting idea… Move toward US companies with high exposure to international sales. Goldman points out that such companies are on an upswing in 2H19, and that a basket of such stocks has been outperforming both the firm's other portfolios and the broader S&P 500. Stephanie Cohen, Goldman Sachs' chief strategy officer, in an interview last week talked down fears that the US-China trade tensions are unwinding long-established economic cooperation between the two countries.
Aurora Cannabis Inc. reported a 24% sequential decline in revenue Thursday, reporting sales of C$75.3 million ($56.8 million) versus C$98.9 in the previous quarter, as the company slows its expansion plans in Canada and abroad. U.S.-traded shares of Aurora (ACB)(CA:ACB) fell more than 11.3% in the extended session. The company reported fiscal first-quarter net income attributable to Aurora of C$12.8 million, or a penny a share, compared with C$105.5 million, or 12 cents a share, in the year-ago period.
Tech Stocks to Buy for the Rest of 2019 A track record of strong financial performance and a healthy payout ratio have enabled the company to grow its dividend by 13% per year over the last five years. Honeywell has paid uninterrupted dividends for more than two decades. Apple (AAPL) Dividend Yield: 1.17% YTD Gain: 67% Apple (NASDAQ:AAPL) is one of the world's most valuable companies and one of the largest positions in Warren Buffett's dividend stock portfolio.
Julia Wang, greater China economist at HSBC, discusses China's October industrial output and retail sales data and what they mean for the economy. She speaks on “Bloomberg Markets: Asia.
It's no secret that the overall cannabis market has been going through a correction, with many of the well-known names like Canopy Growth (CGC) and Aurora Cannabis (ACB) getting hammered. Of the three companies covered in this article, Cresco Labs is projected to be the industry leader for revenue in 2020, although it also comes with the caveat of needing to close its deal with Origin House to achieve its projected sales numbers. Also, if the deal does pass regulatory scrutiny, another issue will be the timing of the approval and closing of the deal, which will determine how much of Origin's sales will be included in the performance of Cresco Labs in fiscal 2020.
This article originally appeared on MarketWatch, a sister publication of Barron's. We publish articles from other sites when we think our readers will enjoy them. BRKA) (ticker: BRK.B) revealed new stakes in furniture maker (RH)(RH) and energy company (OXY) (OXY), according to a filing on Thursday.
Amid the rapidly changing video landscape and uncertainty over T-Mobile US Inc.'s pending merger with Sprint, only one U.S. telecommunications name still has room for upside, according to HSBC. Analyst Sunil Rajgopal downgraded shares of Altice USA (ATUS) , AT&T Inc. (T) , T-Mobile (TMUS) , and Verizon Communications Inc. (VZ) to hold from buy on Thursday, leaving Comcast Communications Inc. (CMCSA) as the only telecom stock that still warrants a bullish rating from HSBC.
The U.S. stock market, as measured by the S&P 500 Index, is up 23.4% this year and recently reached a new record high, but five signs of investor euphoria suggest growing risks, according to Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets. She endorses RBC's year-end 2019 target of 2,950 for the index, 4.7% below the Nov. 12 close, according to a recent story in Barron's. Calvasina discussed these five signs in a note to clients: Asset managers have bullish positions in U.S. equity futures similar to the highs before the financial crisis, risking a big negative reaction to bad news.
The country has experimented with both wealth taxes and very high top income taxes, with disappointing results. France had a wealth tax from 1982 to 1986 and again from 1988 to 2017. The top rate was between 1.5% and 1.8%, with the total tax rate on fortunes larger than 13 million euros ($14.3 million) hovering at about 1.4%.
Changpeng Zhao, founder and chief executive officer of Malta-based Binance, the world's largest cryptocurrency exchange, talks about the outlook for the market. He speaks on "Bloomberg Markets: Asia."
Household names like Apple (AAPL) and Microsoft (MSFT) are widely considered to be disruptive forces in the industry, offering innovative approaches with their respective products. This is perhaps why investors will often turn to these more well-known tech giants when searching for investments capable of bringing home the bacon. Many analysts believe that while harder to spot, lesser-known tech stocks can make more compelling investments as some offer significantly larger upside potential than other top dogs.
On Tuesday, the chip maker announced Tencent (TCEHY) will use its latest server processors. Amarin Corp. PLC (AMRN) followed through on Wednesday, up 55 cents to $21.49 after popping 23% on Tuesday. An FDA advisory committee is scheduled to meet today to help decide the fate of the company's fish-derived cardiovascular drug.
Nvidia Corp. forecast a return to revenue growth after four quarters of declines and improving margins Thursday afternoon as the chip maker beat estimates for its quarterly results. Nvidia (NVDA) shares fluctuated between gains and losses following the release of the report, and was last down 1.2%. For the fourth quarter, Nvidia expects revenue of $2.89 billion to $3.01 billion, up from revenue of $2.21 billion in the year-ago period, which would end four straight quarters of revenue declines.
Sam Zell, the real estate mogul, has acquired oil assets across the United States at 'fire-sale' prices, as U.S. drillers sell assets to raise cash which is scarce in the oil patch these days, the billionaire told Bloomberg TV in an interview on Thursday. Zell, founder and chairman of Equity Group Investments, has bought assets of oil companies in Texas, Colorado, and California at advantageous prices because firms are increasingly looking to have cash buffers, anticipating potential further slowdown in drilling and cash available to the oil sector. “The amount of capital available in the oil patch is disappearing,” Zell told Bloomberg, comparing the U.S. oil industry now with the early-1990s real estate sector when no one had cash and there were empty real estates everywhere.
Dow Jones futures rose modestly Thursday, along with S&P 500 futures and Nasdaq futures. Trump economic adviser Larry Kudlow said a China trade deal is "close," catnip for the stock market rally. Chip leaders Nvidia and Applied Materials reported earnings after the close.
Cisco Systems Inc. shares dropped Thursday after analysts slashed price targets in response to a disappointing outlook from the networking giant, but most said the problems appear to stem from a slowdown in the larger tech-spending environment. Cisco (CSCO) shares touched an intraday low of $44.60 Thursday morning, or 8% lower than Wednesday's closing price. Cisco issued a disappointing outlook late Wednesday after the San Jose, Calif.-based company said a slowdown in big deals had become more pervasive.
A General Electric joint venture signed a big jet-engine deal amid delays at rival United Technologies. GE stock fell and United Technologies stock was unchanged. Qatar Airways announced it has ordered Leap-1A engines from CFM International to power a new fleet of 50 Airbus A321neos.
Silver markets have rallied a bit during the trading session on Thursday but trying to break above the $70.00 level. That being said though, the market has struggled to continue going higher and therefore turned around to form a bit of a shooting star midday. At this point I think that the market will probably need to grind away just above the 200 day EMA in order to make some type of base for the next move higher.
Shares of Sarepta Therapeutics slumped Thursday after the biotech company announced a $48 million gene-therapy collaboration with StrideBio. On the stock market today, Sarepta stock dropped 3.6%, to 97.41. Under the terms of the deal, Sarepta granted biotech company StrideBio a license to research, develop and manufacture up to eight gene therapies.
See Artisan stock analysis on TipRanks) Based in Kansas, the world's largest movie theater company puts up some impressive numbers: 8,200 screens in 661 theaters in the US, and a further 2,200 screens in 244 theaters in Europe. Movies are big business, of course, and not just for Hollywood; AMC posted $5.5 billion in revenue in 2018, netting $110 million in income. AMC isn't just relying on traditional box office ticket sales, however.