The cryptocurrency experts, who clearly didn’t see this coming, are blaming all sorts of temporary culprits — from jittery markets to “hard forks” (blockchain jargon for radical technical changes in a digital currency). Bitcoin was meant to make all of its investors rich, something that held particular appeal to a millennial generation hungry for a financial boost in a world of crushing student debt, income inequality and low-quality jobs.
Investors looking for solace amid the wave of market sell-offs may argue that the S&P 500 has fallen only 9% from its all-time highs in September, hardly a devastating decline. “Not only does the price action this year suggest we are in the midst of a bear market—more than 40 percent of the stocks in the S&P 500 are down at least 20 percent—but it also trades like a bear market,” wrote the bank’s analysts.
You’ve been saving diligently for retirement, stashing funds in IRA’s and 401(k)s for a few decades and watching the power of compounding interest turn your money into far more than you ever imagined. Here are three tax mistakes that investors should avoid if they hope to wring every last bit of efficiency from their retirement dollars. About 78 million baby boomers are marching out of the workforce and onto the rolls of programs such as Social Security and Medicare.
On a brutal day in the stock markets the last thing investors want to see is another attack on the Federal Reserve by President Donald Trump. Trump reportedly told a group of reporters on Tuesday that he would like to see lower interest rates from the Federal Reserve. The president added that the biggest problem right now isn’t the trade war with China (among other geopolitical issues), but rather the Jerome Powell led Federal Reserve.
Value stocks have taken a back seat to growth stocks in recent years, with investors willing to forgive high earnings multiples if companies are consistently reporting double-digit revenue and earnings growth. Growth stock investors believe these stocks will eventually grow into and exceed their current market valuations as long as the companies can keep their long-term expansion on track. Bank of America has compiled its Growth 10 list, a group of S&P 500 components with exceptionally high expected growth numbers and "buy" ratings from the analyst team.
Lewis Piantedosi, Eaton Vance portfolio manager, and Whitney Tilson, Kase Learning founder, discuss their take on Facebook's stock as CEO Mark Zuckerberg sits down for an interview with CNN.
A recent UBS survey indicated that 92% of investors are "bearish" or "very bearish" about the Boston-based industrial conglomerate, as outlined by Barron's. Even deep value investors have avoided the "buy on the dip mentality" for GE, as shares have lost roughly 30% of their value over the recent 30 days. The downbeat sentiment stems from a long list of concerns about GE, including fears that GE Capital will sink the company, that its power-generation business will fail to turnaround, and that it will need to raise equity at depressed prices.
Then the company reported earnings, and that safety line keeping the boat near the docks disconnected and out wandered Apple into the violent and volatile sea with the rest of FAANG. Down more than $50 from its highs just last month, Apple is now in bear market territory. is out of its bear market, defined by a decline of 20% or more from the highs.
Soros Fund Management, which Soros founded and chairs, exited social-network giant (FB) (FB) completely in the third quarter, while also slashing positions in (NFLX) stock (NFLX) and (GS) stock (GS). High-flying streaming-content giant Netflix has tumbled almost 29% since the end of September. Soros saved a chunk of cash by selling: Barron’s estimates that, had he maintained positions in those stocks, he would have unrealized losses of about $17.7 million so far in the fourth quarter.
For weeks now, reports have trickled out that Apple is having trouble with iPhone XR demand. Analysts and other Apple watchers frequently parse through the tea leaves left by Apple suppliers and assemblers throughout the supply chain, and the Wall Street Journal wrote on Monday that that Apple slashed production plans by a third from the 70 million or so units it had been expecting to produce between September and February with its suppliers. At the same time, however, the iPhone 8 — and 8 Plus — have been experiencing strong demand, according to a report from the Nikkei Asian Review.
If fully tapped, the two main credit facilities would rank as the largest loans to any U.S. company that go beyond next year, data compiled by Bloomberg show. Chief Executive Officer Larry Culp has been selling assets to raise cash and is under pressure to raise more through a stock offering. In debt markets, the premium demanded by investors to insure against a default has jumped, signaling the possibility of further cuts to GE’s credit rating and higher costs for new borrowings.
With tech stocks looking like an increasingly risky bet, analysts have been getting more bullish on some key defensive names. Here we use TipRanks' Trending Stocks tool to pinpoint the best-rated defensive stocks right now. All five stocks covered below have received only buy ratings from top analysts in the last three months.
Mike Wilson, Morgan Stanley, says this isn't a buy the dip market. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Pete Najarian, Dan Nathan and Guy Adami.
The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue "non-market" policies and a Chinese official saying it was Washington that was flouting the rulebook. U.S. President Donald Trump has outraged U.S. trading partners by erecting a tariff wall against imports of steel and aluminum - justified by U.S. national security concerns - and has hit Chinese goods with huge tariffs over accusations of stealing U.S. intellectual property.
Stocks tried to rebound ahead of the Thanksgiving holiday, but it is the outcome of the G-20 meeting next week where President Donald Trump meets Chinese President Xi Jinping that will drive the next big trend move. Apple, perhaps the most widely watched stock for sentiment, traded higher during most of the day Wednesday but turned lower just before the closing bell, helping to eliminate an earlier 200 point gain in the Dow. Stocks tried to rebound ahead of Thanksgiving, but strategists warn Wednesday's failed effort to bounce could signal another wave of selling.
INCOMEINVESTING BLOG Holiday rebound. Credit markets gained a bit on Wednesday, following eight consecutive days of corporate credit declines. The exchange-traded fund (HYG) rose 0.7% in morning trading but is still down 0.3% over
Target, which is still up substantially this year, is no General Electric (GE) sorting through underperforming businesses and realizing that it wasted so much money on stock buybacks that the ex-icon of America’s Industrial Might has a negative tangible book value. Or, put it this way: How much sense did it make when the market’s reaction to a weak report on home-builder sentiment and foot traffic at new-home communities was to sell off technology stocks? Julius was Julius Westheimer, who in my own misspent youth was a Baltimore stockbroker and denizen of the Baltimore Sun, where he was a columnist to my cub reporter, and a regular on Wall $treet Week, a public-TV stock-market show produced at Maryland Public TV.
As the market grows increasingly turbulent and economic outlooks become more cautious, investors are increasingly buying quality stocks, which by definition are stocks whose companies are not overly reliant on a robust economy for their performance. In the current environment, Walmart Inc. ( WMT), McDonald’s Corp. ( MCD), Pfizer Inc. ( PFE), Procter & Gamble Co. ( PG) and Amgen Inc. ( AMGN) have all received the quality stamp of approval by Citigroup, according to CNBC.
‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.
"We think there are a lot of great buys here we would be buying if you have a 6- to 12-month" timeline, says David Katz, CIO of Matrix Asset Advisors. Katz says eBay, Schlumberger and Alphabet are buying opportunities. The market sell-off has created a buying opportunity for investors who can afford to be a little patient, noted value investor David Katz told CNBC on Tuesday.
Adding insult to injury, Goldman Sachs Group Inc. was downgraded by fellow broker Morgan Stanley, which cited “risks and uncertainties” surrounding the investigation into Goldman’s role in the 1MDB scandal. Analyst Betsy Graseck cut her rating to equal weight, after being at overweight for at least the past three years. The downgrade comes after the stock had already tumbled 17% since reports surfaced that Goldman’s Chairman and former-Chief Executive Lloyd Blankfein met with people involved in the 1MDB scandal, who had been indicted on a charge of conspiring to launder and steal money from a Malaysian sovereign-wealth fund, 1Malaysia Development Bhd.
The sell-off that started in October is not the end of the bull market and investors should continue to fight the urge to overreact to negative headlines, wrote Darrell Cronk, president of the bank’s Investment Institute and team, in a note to clients Tuesday. “We view now as a time to be ready to increase equity exposure in favorable areas, such as U.S. large-cap, U.S. mid-cap and emerging-market equities, and favor deploying cash now or even allocating incrementally over the coming days and weeks,” the strategists said. A slump in U.S. technology stocks, emerging signs of stress in the corporate credit market and diminishing hopes for a resolution to the ongoing Sino-American trade dispute have renewed last month’s sell-off in global equity benchmarks.
Goldman Sachs identified Facebook and Micron among a list of companies that had the biggest declines in hedge fund ownership during the third quarter. Such “falling stars” have historically continued to trail the market over the next three to 12 months, strategists led by Ben Snider and David Kostin wrote in a note to clients Wednesday.
There are plenty of things that can ruin a person’s retirement plans — divorce, illness, job loss, overspending. A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The survey was conducted by researchers from the RAND Corporation and the Max Planck Institute in Munich, Germany.
It’s not just your perception that Apple can’t catch a break in this unforgiving market. It really has been the case that bad news has kept coming — and coming. If history is any guide, this stream of bad news is likely to continue before the outlook for Apple (AAPL) turns up.