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
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.
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.
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.
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
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.
Getting old in America isn’t what it used to be. In a worldwide study, the U.S. fell to No. 17 (down three spots from last year) in the Natixis Global Asset Management Global Retirement Index. The index ranks 43 mainly developed countries on their ability to offer its citizens a secure retirement. Norway, Switzerland, Iceland and Sweden top the list. Why did the U.S. have such a dismal showing? The U.S. took hits in income equality, health care spending and life expectancy. While America may have the fifth-highest income per capita, we have the sixth lowest score for income equality, suggesting that retirement saving is difficult for average workers. Our life expectancy fell, yet we spend the
A personal defined-benefit plan provides a guaranteed payout in your retirement years, just like the defined-benefit plans of old. With a 401(k) plan, in contrast, the maximum amount you can invest tax-free each year is $18,500 (if you’re over 50, this amount increases to $24,500). With a defined-benefit plan, this maximum amount can be an order of magnitude larger.
Blackstone Vice Chairman Byron Wien gives his 2018 projection for the Fed, markets and overall U.S. economy.
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.
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.
Ray Dalio, Bridgewater Associates founder, chairman and chief investment officer, breaks down his market outlook.
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.
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
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.
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
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
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.
The judge hearing the Justice Department's lawsuit to stop AT&T from buying Time Warner ordered the department on Monday to seek permission to give the two companies access to rivals' pricing data. Judge Richard Leon, living up to a pledge made during a hearing last week, ordered the Justice Department, which has the data, to ask the companies that gave it to the government for consent to pass it on to AT&T and Time Warner's legal team. The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the development of online video.
Yahoo Finance’s Alexis Christoforous, Dan Roberts, Jared Blikre, Jen Rogers & Editor-in-chief Andy Serwer discuss the big stories we’re covering today. Today’s topics: The latest coming out of the World Economic Forum in Davos, Switzerland Government
Netflix jumped 11 percent to a life-high of $257.71 after the video-streaming pioneer beat Wall Street targets for new subscribers in the fourth quarter. The stock provided the biggest boost to the Nasdaq. Travelers was the biggest gainer on the Dow, rising 4.7 percent after the property and casualty insurer reported profit that beat Wall Street estimates.
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.
French healthcare group Sanofi has agreed to buy U.S. haemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years and a major play to strengthen its presence in treatments for rare diseases. Several analysts said the deal looked expensive, given uncertainties in the haemophilia market due to the arrival of new drug treatments, and Sanofi shares fell 4 percent on Monday, the worst performance on France's benchmark CAC-40 index. The move comes at a time of renewed interest by large drugmakers in smaller biotech firms, with Celgene also announcing a $9 billion deal to buy Juno Therapeutics, and predictions by some experts that 2018 will see a substantial pick-up in mergers and acquisitions.
Philadelphia Energy Solutions, owner of the largest U.S. East Coast refinery, said on Monday its plan to get out of bankruptcy hinges on whether it can shed existing biofuel costs under the country's renewable fuel laws. The plan revives a debate between U.S. refiners and ethanol producers over the nation's renewables policy, and could spur actions from other struggling refiners should the U.S. Environmental Protection Administration allow PES to reduce its biofuel obligations.