Crude oil prices soared following an attack on Saudi Arabia's output over the weekend, resulting in the largest disruption of oil supplies ever. It will reportedly take longer for Saudi Aramco to restore production at its Abqaiq processing plant following a drone attack over the weekend. Initially, the state-run oil company said it could restore production within days, sources told Bloomberg, but it's now expected to take weeks.
Historically, about 70% of the time, just investing a lump sum at one time yielded a better result than dollar-cost averaging over a 12-month period. For DCA to pay off, the market must decline, by enough and for long enough, to get a lower average per share price than a lump sum initial purchase would produce. The longer the time frame, the better the odds the market will not do this and DCA will produce an inferior result.
Millennials are famous for their skinny jeans and avocado toast. But they've had pretty good luck picking some top stocks this year, too. Eight of the most widely held stocks by millennial-aged investors (born early 80s to early 2000s) are up 50% or more this year.
After getting engaged I found out about her debt, bad FICO score excess parking tickets, etc. I educated and worked with her, and she eventually climbed out of it. Life is good, except she has new debt.
One of the biggest retirement mistakes you can make is not realizing what you don't know. I regularly hear from people in or near retirement who misunderstand how Social Security works, dramatically underestimate life expectancies or fail to plan for big expenses, such as long-term care or taxes. These aren't folks looking for advice.
Joanne Lim, algorithmic and portfolio trader at Bernstein, discusses her outlook for Chinese stocks. She speaks on “Bloomberg Markets: China Open.
On Friday, Azer initiated coverage on five U.S. cannabis companies that she deemed noteworthy as she reiterated her call for total U.S. cannabis sales to hit $80 billion by 2030. Relative to their Canadian cannabis peers, Azer notes that the operating paradigm for U.S. multi-state cannabis companies is more nuanced given tax differences and restrictions in scientific research. However, “brand development in the U.S. is much easier, given regulatory nuances, which favors the U.S. operators who emphasize a traditional CPG model that relies more on high-margin finished goods, as opposed to specialty retail,” she wrote in a note published Friday.
The attacks on Saudi Arabia that have sent crude-oil prices surging are certainly the story for financial markets on Monday. Analysts at U.K. investment adviser AJ Bell calculated that the last eight times that the year-over-year price for oil was over 100%, there was either a global recession or economic slowdown six times. It's worth pointing out that even with the big 10% rally in crude-oil prices, Brent crude prices (UK:BRN00) , trading around $65 a barrel, are still below year-earlier levels.
Oil prices are surging amid production disruptions in Saudi Arabia. That could affect a host of different stocks in the energy space, according to Goldman Sachs strategists. In a note to clients, Goldman says the companies with “the greatest 4Q19 potential operating cash flow percentage uplift” from rising oil prices include names like Hess (HES), Occidental Petroleum (OXY), Cimarex Energy (XEC) and Apache (APA), among others.
FIRE refers to the “financial independence, retire early” movement bubbling up in the younger generation these days as a pathway out of the grind — slash expenses, save a bundle and enjoy the freedom that approach ultimately allows. Using the name FluffayPenguin, one anonymous thirtysomething took to Reddit to illustrate his FIRE blueprint, which allowed him to graduate college in 2008 and build a small chunk of change all the way up to $930,000 in savings. Well, for starters, he lived at home half of that time, a choice many millennials are making as housing costs skyrocket.
Here are three stocks with a very bearish outlook from Goldman Sachs right now. According to the firm, these 3 stocks all deserve the most worrying 'underperform' rating based on their outlook for the coming months. Here we take a closer look at why Goldman Sachs is advising against these three stocks, and whether or not the rest of the Street agrees.
The fact that oil did not break above the resistance shown on the chart indicates the following: • President Trump would cushion the oil price increase by releasing oil from the Strategic Petroleum Reserve, if needed. Other countries also have oil reserves that may be used to cushion a price rise. Saudi Arabia has a substantial stockpile of oil that it can use to keep the market supplied with oil.
Millennial home buyers are going to some troubling lengths to foot the bill for their first homes, according to a new survey. Millennials are more likely than their older counterparts to fund their down payment and closing costs by dipping into retirement savings (13%, versus 8% of Generation Xers and 7% of baby boomers), saving money by moving in with family or friends (14%, versus 5% of Gen Xers and 2% of boomers) or selling personal items (12%, versus 5% of Gen Xers and 2% of boomers), a recent Bankrate survey of 2,582 U.S. adults found. They're trying to exhaust all their options, and they're certainly doing that at higher levels than the other generations.
Jimmy Conway, head of EMEA equity trading strategy at Citigroup Global Markets, talks about the U.K.'s political crisis and the implications for the financial markets. He speaks with Manus Cranny and Nejra Cehic on "Bloomberg Daybreak: Europe."
Aurora Cannabis said in its quarterly earnings report on Wednesday that net revenue rose 52% from the previous quarter to 99 million Canadian dollars, or US$75 million, while recreational cannabis sales were up to C$45 million. But a loss of C$12 million before interest, taxes, depreciation, and amortization, was more than double what Wall Street had expected. Some had speculated that the company could hit positive Ebitda for the quarter.
Market prices currently imply a 90% chance the Federal Reserve will reduce short-term interest rates by a quarter-point to a range of 1.75%-2.0% when policy makers meet this week. Such a move would be consistent with the Fed's “midcycle adjustment” that began in July. The interesting question, therefore, is not what the Fed will do to rates when its two-day policy meeting concludes Wednesday, but what it will indicate it wants to do over the next few years.
Energy Transfer is buying SemGroup for $17 a share, 65% higher than SemGroup's closing price Friday, according to a statement. It's the latest consolidation move by deal-hungry Warren, who last year made a run at NuStar GP Holdings LLC but was rejected when the target company said it was sticking to a plan to simplify its corporate structure. Energy Transfer shares fell as much as 4.4% on a day when peers rose after an attack at a Saudi Arabian crude-processing facility sent oil prices surging.
Amazon stock recently came close to a record high but pulled back as second-quarter earnings fell short on a few metrics. Is Amazon stock a buy as it still hovers near a market cap of $1 trillion? Few companies have created such a large and lengthy runway of opportunities as Amazon, such as when it paid $13.4 billion to acquire Whole Foods Market in 2017, moving into groceries and food delivery.
The slowdown in China's economy deepened in August, with growth in industrial production at its weakest 17-1/2 years amid spreading pain from a trade war with the United States and softening domestic demand. Retail sales and investment gauges worsened too, data released on Monday showed, reinforcing views that China is likely to cut some key interest rates this week for the first time in over three years to prevent a sharper slump in activity. Despite a slew of growth-boosting measures since last year, the world's second-largest economy has yet to stabilise, and analysts say Beijing needs to roll out more stimulus to ward off a sharper slowdown.
Despite being funded with after-tax dollars, a Roth 401(k) account is not immune to taxes and potential penalties if you don't know how rules regarding withdrawals work. Understanding the requirements will keep you from losing part of your retirement savings. Roth 401(k)s: The Basics A Roth 401(k) includes a combination of the features of a traditional 401(k) and a Roth IRA.
The telecoms group, which orchestrated a controversial and ill-advised merger with Time Warner last year, is an underperforming, mismanaged dodo bird of a company — big enough to have racked up $190bn in debt yet not large enough to fend off the Big Tech apex predators ready to eat its lunch. in AT&T, says the company “not only failed to keep pace with the broader market, but has actually underperformed by over 150 percentage points” over the past decade.
In other words: While basic internet access allowed work to be done remotely, XR and 5G will allow work to be done truly virtually. Consider our work-from-home arrangements today: Employees can perform a wide range of jobs remotely, including accounting, computer programming, graphic design, engineering, database management, corporate communications, and market research. But none of these jobs requires the employee's actual physical presence or the manipulation of physical things like equipment and vehicles.
The Value Portfolio Here we take a closer look at three hot stocks in the Top 10 holdings of JP Morgan's Large Cap Value Fund. To come up with these holdings, the firm analyzes company prospects for as long as five years, to gain insight into a company's real growth potential. Its goal: to identify the most undervalued securities in each sector “Looks for attractive valuations as well as catalysts for stock price increases, higher potential reward versus risk, and temporary mispricing caused by market overreactions” writes the firm.
President Trump's suggestion to cut interest rates to zero or below could have some unpleasant effects for people who are close to, or in, retirement. Negative interest rates have a harrowing impact on cash. Banks already offer a relatively low interest rate to consumers in exchange for stashing their money in a savings account, and the interest they incur on their savings would only go lower if rates were cut.
L Brands Inc.'s plan to turn around the Victoria's Secret lingerie brand includes offering fewer discounts, which could be a big problem for customers, analysts say. L Brands (LB) , whose portfolio also includes the Bath & Body Works chain and the Pink brand that targets young consumers, hosted its investor day event on Tuesday. Executives spent time explaining their strategy for the ailing Victoria's Secret label, which has seen sales stall and backlash ensue as tastes veer away from the over-the-top sexy, male-gaze perspective that has been central to the brand for much of its existence.