The Dow is climbing, and with it, investors' hopes and dreams. The Dow Jones industrial average shot past the 25,000 mark for the first time in January -- and just a week later, topped a new milestone of 26,000. Because while you may think you know everything you need to know about the stock market (and maybe you do!), this is not your parents' or grandparents' Dow.
Don Taylor at the Franklin Rising Dividends Fund disregards companies’ current dividend yields when selecting stocks. Instead he focuses on the strength of their underlying businesses. If a company increases its sales, earnings and cash flow enough to support significant and consistent increases in dividends, its stock should perform well in the long run, he reasons. Taylor has used that strategy since he helped establish the $19.4 billion Franklin Rising Dividends Fund FRDPX, +0.56% in 1996. The fund’s strategy is to select companies that are expected to post double-digit increases in dividend payouts over the long term. “The core is underlying business growth,” Taylor said in an interview Jan.
Shares of Arista Networks Inc. ANET, -1.02% fell 0.9% in Tuesday morning trading after analysts at Deutsche Bank cut their rating to hold from buy. Arista shares have more than tripled over the past 12 months, and the team at Deutsche Bank is concerned about valuation. "There is little room for error at current elevated levels," wrote Vijay Bhagavath. He thinks order pauses are possible during the second half of this fiscal year and into next year, and he also sees new competitive risks emerging. A "resurgent Cisco CSCO, +0.58% is starting to make 'strategic inroads' into major cloud and content providers," he wrote, which potentially include Microsoft Inc.'s MSFT, +0.41% Azure. "This suggests
Blackstone Vice Chairman Byron Wien gives his 2018 projection for the Fed, markets and overall U.S. economy.
Major Regional space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is arguably taking place in the Banks - Major Regional space as it currently has a Zacks Industry Rank of 40 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. Meanwhile, Citigroup is actually looking pretty good on its own too.
BMW and Mercedes are planning to test car subscription services this year. Auto companies hope subscription-based and other mobility services will make revenue more consistent. The auto industry has posted strong sales numbers in recent years, which has made car manufacturers and dealerships scared about the future.
Rite Aid Corporation RAD is on track with the process of transferring stores and related assets to Walgreens Boots Alliance Inc. WBA under its amended and restated asset purchase agreement. Per the agreement, Walgreens will buy 1,932 Rite Aid stores, three distribution centers and related inventory in an all-cash deal of around $4.375 billion. The company is carrying out the transfer of assets in a phased manner.
Let’s check out the Yahoo Finance charts of the day. Netflix (NFLX): Shares are soaring to a new all-time high, up about 10% in early trading. In it’s latest earnings report, the video streaming service said it added 8.3 million new subscribers last quarter
Bristol-Myers Squibb Company BMY announced new data from a cohort of the phase II CheckMate -142 study on Opdivo.CheckMate-142 study is an ongoing study evaluating Opdivo (nivolumab) and Yervoy (ipilimumab) for previously treated patients with DNA mismatch
Enbridge Inc. ENB and Spectra Energy Partners, LP SEP announced execution of a definitive agreement. The transaction led to the conversion of Enbridge’s incentive distribution rights (IDRs) and general partner (GP) economic interests in Spectra Energy
Goldman Sachs’ private wealth management advisors are telling its wealthiest clients that stocks are not in a bubble and that the bull market likely continues. “We recommend that clients stay invested in equities notwithstanding currently high valuations and the constant cascade of warnings that we are in an equity bubble.
Apple Inc. AAPL is reportedly bringing HomePod, a smart speaker integrated with Siri and aimed at the home automation market, in February. Taiwan-based Inventec, one of the two component suppliers of the smart speaker, made the announcement. Foxconn Technology Group is the other supplier. Apple’s launch of HomePad will help it take on other smart speakers like Amazon’s AMZN Echo and Alphabet’s GOOGL Google Home launched more than three years and one year ago, respectively.
Ray Dalio, Bridgewater Associates founder, chairman and chief investment officer, breaks down his market outlook.
Oil rose more than 1 percent on Tuesday with benchmark Brent crude above $70 a barrel for the first time in a week on Tuesday, boosted by healthy world economic growth prospects and expectations for continued production curbs by OPEC, Russia and their allies. Brent crude futures were up $1.06 at $70.09 a barrel as of 11:02 a.m. EST (1602 GMT), not far off the three-year high of $70.37 reached on Jan. 15. U.S. West Texas Intermediate (WTI) crude futures rose $1 to $64.59 a barrel.
Puerto Rico's governor said on Monday he intends to sell off its troubled power utility to the private sector, saying the process could take roughly 18 months to complete. The Puerto Rico Electric Power Authority (PREPA) has yet to recover fully from the devastation wrought by Hurricane Maria, which in late September knocked out power to the entire island and left all 3.4 million residents of the U.S. territory in the dark and killed dozens of people. "The Puerto Rico Electric Power Authority (PREPA) has become a heavy burden on our people, who are now hostage to its poor service and high cost," Governor Ricardo Rossello said in a statement.
AT&T Inc. T recently requested for Special Temporary Authority (STA) from the Federal Communications Commission (FCC) to conduct 5G tests using the 28 and 39 GHz frequency bands at Hyatt hotel in Dallas.Commencing on Feb 1, 2018, the trial will continue
Atlanta and Raleigh top the list of potential second headquarters for Amazon.com (Nasdaq: AMZN). That is according to GBH Insights, a technology marketing and research firm. GBH lists the two Southern cities followed by Washington D.C., Boston and Austin as its top picks for Amazon HQ2, according to CNBC. Amazon announced its 20 finalists for the $5 billion headquarters Thursday. Los Angeles and Denver made the list but bids from Phoenix, Tucson, San Diego, Sacramento and Salt Lake City didn’t make the cut. • An East Coast location to complement its Seattle home base • Growth regions with engineering and college graduate talent pipelines • Strong technology and pharmaceutical sectors • A
The biggest political story all week was the impending government shutdown, which took effect at midnight on Friday. During the most recent 16-day shutdown in 2013, the S&P 500 gained 3.1%. Economists at Goldman Sachs estimated that each week the government is shut down in the first quarter would take 0.2% off first quarter GDP. Meanwhile, Treasury yields continued their recent market higher with the two-year Treasury yield settling above 2.05% and the 10-year Treasury settling at 2.64%, above the 2.63% Jeff Gundlach called out earlier this month as a key level for the benchmark government bond.
Nearly half (47%) of millennials have $15,000 or more in savings and 16% have $100,000 or more in savings, according to Bank of America’s “Better Money Habits” report, which surveyed 2,000 millennials aged 23 to 37. That’s an encouraging improvement for this struggling generation, which is saddled with record student loan debt and has a hard time affording a first house. In 2015, just one-third of millennials said they had $15,000 or more saved and only 8% had $100,000 or more stashed away for a rainy day. Millennials are also just as likely to budget than both Generation X-ers and baby boomers, the study found. Here are some other findings: • The majority of millennials are saving (63%), and
Though investors are sharply divided about the viability of cryptocurrencies over the long term, there is no denying that some savvy individuals were able to make an astronomical amount of money speculating on virtual currencies over the past several years. At the same time, though, it's easy to feel as if you are too late to cash in on the cryptocurrency craze, particularly if you didn't first buy bitcoin when it first came out several years ago. That being said, there are new digital currencies all the time, and while the top cryptocurrencies like bitcoin have grown to prohibitively high prices for some investors to make major inroads, there are new alternative coins which may be promising.
Shares of Seagate Technology PLC STX rallied to a new 52-week high of $52.77, eventually closing a tad lower at $52.62 on Jan 19.The stock gained from the positive second-quarter fiscal 2018 preliminary results. Shares of Seagate have rallied 14.4% since
Northrop Grumman Corporation NOC is scheduled to release fourth-quarter and 2017 results on Jan 25, before the opening bell. Lack of orders from Pentagon as well as international allies of the United States may hamper the company’s fourth quarter sales growth. Will Aerospace Systems Remain the Key Contributor?
Las Vegas Sands Corp. LVS is slated to release fourth-quarter 2017 numbers on Jan 24, after market close. In fact, Las Vegas Sands’ earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, the average beat being 9.11%. Given the ongoing recovery in gaming revenues in Macao and continued improvement in the Las Vegas business, the company is expected to perform well in the quarter to be reported.
Shares of Halliburton (HAL) are climbing on Monday, following the oilfield services giant's better-than-expected fourth-quarter report, and giving hope to investors that the industry may finally be on the mend after several difficult years. Halliburton said it earned 53 cents a share, on revenue that rose 47.7% year over year to $5.94 billion. Analysts were looking for earnings of 46 cents a share, on revenue of $5.63 billion. The news was good enough to earn the stock an upgrade at Guggenheim: Analyst Michael LaMotte and his team raised their rating on Halliburton to Buy from Neutral today, with a $75 price target. LaMotte writes that the bullish stance reflects his belief that the U.S. fracking
Diversified industrial goods manufacturer 3M Company MMM is scheduled to report fourth-quarter 2017 results before the opening bell on Jan 25. A favorable macroeconomic environment is likely to boost the revenues for the company in the quarter. With primary focus on organic growth, 3M has continually invested in infrastructure and commercialization capability.