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.
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.
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.
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.
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.
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."
Shares of Netflix (NASDAQ:NFLX) dropped more than 10% on Thursday — the biggest single-day drop the stock has had in a year — after the streaming giant whiffed on the only thing that mattered in its second-quarter earnings report: subscriber numbers. When it comes to NFLX stock, it's all about the subscriber numbers. Consequently, as Netflix's pace of subscriber growth has accelerated over the past several years, the NFLX stock price has taken off, from under $100 to $300-plus.
Large U.S. banks continued to churn out dividend increases this week, along with companies from other sectors. The banks that declared higher dividends included (MS) (ticker: MS) and (C)(C)—both of which had their capital plans approved by the Federal Reserve in late June. As expected, Morgan Stanley declared a quarterly disbursement of 35 cents a share, up from 30 cents, for a gain of nearly 17%.
Tesla has withdrawn its request for a court-ordered restraining order against Randeep Hothi, documents submitted to the court where the complaint was filed revealed Friday. Hothi, an individual who is very vocal on social media about his short position in Tesla, had gone to extreme and potentially dangerous lengths in his avid attempts to collect materials to support his vocal criticism, according to the company. The Alameda County Superior Court actually granted Tesla a temporary injunction in this matter back in April, after Tesla filed a complaint with supporting documents supporting its assertion that Hothi had injured a guard during a hit-and-run incident in February, and that he nearly caused an accident by driving dangerously in pursuit of a Tesla Model 3 undertaking a test driven on April 16.
Adam Neumann, the co-founder and chief executive of the international real estate co-working startup WeWork has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and timing of the payouts, made through a mix of stock sales and loans secured by his equity in the company, is unusual, considering that founders typically wait until after a company holds its public offering to liquidate their holdings. Despite the loans and sales of stock, first reported by The Wall Street Journal, Neumann remains the single largest shareholder in the company.
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.
The combination of strong consumer spending activity and BAC management's continued commitment to share repurchases has proved potent. The company, in no uncertain terms, has committed to an additional $37 billion of dividends and share repurchases. Consumer banking and wealth management continue to show a lot of strength, buoyed by improvements on the digital platform.
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.
The old-tech cohort can offer not only relatively low valuations but strong and predictable cash flows and, in most cases, reliable dividend yields. Cisco is the quintessential old-tech name that provides growth at a reasonable price. And in a world where popular names like Facebook and Netflix are getting all the headlines, Cisco chugs along and generates wealth for holders.
Boeing expects the 737 Max to return to service in Q4 and will book an after-tax charge of $4.9 billion in Q2 due to estimated disruptions from the plane's grounding. Boeing stock rallied late Thursday. The aerospace giant said the charge represents an "estimate of potential concessions and other considerations to customers." It will translate to $8.74 a share in Q2. Dow Jones stock Boeing is releasing financial results before the stock market opens next Wednesday.
John Roe, head of multi-asset funds at Legal & General Investment Management, discusses gold and what the world's best currency to be holding for safety. He speaks on “Bloomberg Markets: European Open.
Abigail Disney, the heir to the Disney fortune, has been speaking out lately against income inequality, and today the Walt Disney Co. clapped back. Paid To Smile Abigail Disney recently visited the Disneyland theme park in Anaheim, California to observe the working conditions of employees. The company also pointed out that it pays employees an average of $19.50 an hour, more than double the federal minimum wage, and that it also committed $150 million to its Disney Aspire program that pays for workers to earn a college, high school or vocational degree.
All three major indexes slipped into the red by the end of Friday's session, weighted down by speculation that the Federal Reserve will cut rates by 25 basis points rather than the 50 basis points investors had wanted. As the central and eastern U.S. is getting ready for a dangerous heat wave this weekend, Barron's has put together a list of stocks that could benefit from the hot weather, including air conditioning, pool products, and cold beverages.
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.
The key to investing success is consistency with a diversified portfolio. Sufficient diversification can be achieved in as few as one or two funds. The reason for diversification is simple: When you invest in a wide swath of investments across various sectors, your total investment returns will be steadier, as one asset class drops, the others will shore up returns.
Canopy Growth (NYSE:CGC) has acted just as we predicted it would. The gap that occurred in January is refilling and the price of CGC stock could fall another $5 quickly. In order to understand gaps you need to understand how support levels form.
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.
I don't know if that company is ever going to recover,” Keith Fitz-Gerald, chief investment strategist at Money Map Press, said on Yahoo Finance's “The First Trade. Cloud contest One of those pivots is the cloud, which allows individuals and corporations to store massive amounts of data without the need to buy and maintain their own systems. Amazon Web Services has the true first-mover advantage when it comes to the fast growing cloud computing business.
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.