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.
As much of the U.S. faces a heat wave, the appetite for stocks is just as sizzling after Fed Vice Chairman Richard Clarida and New York Fed President John Williams revved up market expectations about rate cuts. Hold your horses, says Mike Wilson, chief investment officer of Morgan Stanley, who tells MarketWatch in an interview that investors should wait for better times to jump into this stock market. “We're not looking for the bottom to fall out like last year, but I do expect a 10% correction in the next three months,” said Wilson, whose end-year S&P 500 target is 2,750.
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.
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.
(WW) stock is rising on Friday, following an upgrade from D.A. Davidson that argues the worst may be behind the wellness company's shares after a long slide. Weight Watchers, which has rebranded itself as WW, has been dropping throughout 2019, but not in a good way: The shares have slipped nearly 34% year to date, and are off more than 72% in the trailing-12-months period. Barron's warned against buying the stock earlier this year, as the company faces the rise of the keto diet and tries to compete in the crowded lifestyle and wellness space on social media.
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.
If you read Fidelity Investments' latest “Retirement Analysis” report, you'd think that the average American is doing OK when it comes to retirement savings. Yet if you look at rival Vanguard Group's annual “How America Saves” report, you might reach a different conclusion, even though it is analyzing similar data in 401(k) accounts. Consider: According to Fidelity's first-quarter numbers, “the average 401(k) balance rose to $103,700, an 8% increase from $95,600 in Q4 2018” while “the average IRA balance increased to $107,100, a 9% increase from last quarter.
The cover story in this weekend's Barron's examines a cheap but controversial bet on the future of tech. Other featured articles offer gold mining, consumer spending and fintech stock picks. Also, the prospects for a package delivery giant, a big-box retailer, a video streaming leader and more.
Medallia Inc. Chief Executive Officer Leslie Stretch discusses the enterprise software provider's initial public offering, diversification efforts, and global expansion plans. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets: European Close."
But Joseph Stallings, economic development director for the town of Garner, now says 2020 is more realistic amid the more than $5 million in road improvements attached to the project, primarily paid for by the state. And there's still a lot of work to be done on the inside with the internal operations of the facility,” Stallings says. An Amazon spokeswoman said in an email that "timing is still unannounced," and declined to confirm an opening time frame.
AT&T (NYSE:T) has begun the hard task of trying to pay back the debt it took on buying Time Warner. The company took to the airwaves this week to try to convince the world that its outsourcing of cloud to International Business Machines (NYSE:IBM) is somehow getting it back into the tech game. IBM said it will run its software defined network operations through AT&T and the two companies will also go to market together.
Elizabeth Warren wants to force private equity executives to eat their own cooking. Predictably, they aren't thrilled. The Democratic senator and candidate for president issued a proposal this week that would link the profits at private equity firms to the success -- or failure -- of the companies they buy and sell.
Twenty-five companies will be part of the tech board launch in Shanghai, out of the more than 100 hopefuls that applied to go public on the platform. Endorsement from top officials helped generate such enthusiasm that the firms raised a combined $5.4 billion, about 20% more than planned. Demand from retail investors has outstripped supply by an average 1,800 times, even as some analysts voiced concern over lofty valuations.
Jim Cramer says the best time to buy hot growth stocks is when they sink as part of a broad market selloff that's unrelated to the companies that you're interested in. "We have always said that we wanted to buy the best growth stocks we can find when they are knocked down not because of something that happened to them, [but] because of a market wide selloff," Cramer said during an exclusive video-conference call with members of his Action Alerts PLUS club for investors. For example, Cramer said his charitable trust bought high-flying Shopify and Twilio -- which both have massively high forward price-to-earnings ratios - when they got "crushed" on May 6 as part of a major market downturn.
As Poland's biggest refiner publicly criticized the deteriorating quality of Russian oil, a suspect in the investigation into pipeline contamination that has severely disrupted Russian supplies is seeking asylum in Lithuania. Earlier today, Reuters cited an official at PKN Orlen, Poland's biggest refinery, as saying that Russian crude oil has been deteriorating in quality--despite the ongoing cleanup following that April contamination scandal that disrupted supplies and launched a tense backlash among buyers.
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.
CBS-owned stations went dark early Saturday for DirecTV, U-verse and DirecTV NOW customers after the network and AT&T didn't reach a new agreement. The previous contract expired at 2 a.m. EDT Saturday and both CBS and AT&T warned customers of the possible outage earlier in the week. "CBS has put our customers into the middle of its negotiations by pulling its local CBS stations in 14 cities.
McDonald's, the oldest of fast-food names, is revamping its restaurants and expanding its digital offerings and delivery options. McDonald's earnings per share edged out first-quarter estimates at $1.78 but still came in just the year earlier's $1.79. The next McDonald's earnings report comes out before the stock market open on Friday, July 26.
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.
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.
Curious about Twilio's coding school? Well, Jim Cramer attended and he's got some insight on the company for investors.
The investing public should get an idea about the performance of the payments industry as the earnings report on Visa (NYSE:V) comes out. As of last year, Visa controlled about 61.5% of the payment network market in the United States. For the quarter ending on June 30th, analysts predict Visa earnings of $1.32 per share.
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.
Dow Inc. (NYSE:DOW) has begun to recover in recent weeks. DOW stock spiked higher after its separation from DowDuPont in March. Although DOW and its industry face deep uncertainty, valuation and cash flows provide a reason to take a chance on Dow stock.