AT&T Inc. ( T) has continued its negative performance over the past couple of years, down 15% this year amid a broad underperformance in the telecom sector in general. Using a bit of reverse engineering Flannery found that AT&T is trading at “extreme valuation levels,” not only relative to its own historical value, but also to shares of competitor Verizon Communications Inc. ( VZ), according to Barron’s.
Or more precisely, how will Amazon’s entrance into the retail pharmacy business change this industry? Then we had a small but important insight that shifted our thinking on Walgreens Boots Alliance (WBA) : The preponderance of drugs in the U.S. is consumed by an older population, whose habits change slowly or not at all. Accordingly, it’s likely that Amazon’s (AMZN) online pharmacy will not significantly impact the existing drug industry.
A backdoor Roth IRA conversion is a way of funding a Roth IRA account with a traditional IRA conversion instead of a direct contribution. People with relatively high incomes are unable to directly contribute to a Roth IRA. To get around this issue, they can make a non-deductible contribution to a traditional IRA, then perform a Roth conversion.
Ben Jarman, an economist at JPMorgan Chase & Co. in Sydney, talks about the trade dispute between the U.S. and China. He speaks with Rishaad Salamat and Haidi Stroud-Watts on "Bloomberg Markets: Asia."
Are you confident in your own retirement planning? Just 18% of Americans — less than one in five — say they are “very confident” in their ability to finance a comfortable retirement. The whole trick to being confident about retirement is matching up those numbers.
Investing in gold is turning out to be a "fantastic tail risk management" as markets around the world - except those in the U.S. - are going down, says Juerg Kiener of Swiss Asia Capital.
Celgene Corp's ( CELG) stock was hammered over the past year, with shares down by more than 35% from its highs. Trouble for the company started last October when it discontinued a study for one of its drugs in development, followed by the company reducing its longer-term revenue forecasts. Revenue estimates have also improved for 2018.
On September 28, a new Communication Services sector will replace the current Telecoms sector, and will include some of the biggest stocks including Facebook and Netflix. Some big changes are coming to the US stock market.
By Dasha Afanasieva and Harry Brumpton (Reuters) - PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring
Alibaba Group Holding Ltd. dominates online shopping in China, but the company has bigger plans in mind. “We think Alibaba is years ahead of any competitor in driving digital commerce forward,” MKM Partners analyst Rob Sanderson, who rates the stock a buy with a $280 target price, wrote earlier this summer. Alibaba’s investments have weighed on recent results, and the question is whether investors will show patience going forward as the company plays the long game.
U.S.-listed shares of Canada-based Canopy Growth Corp. soared almost 30% Wednesday, after liquor seller Constellation Brands Inc. said it will invest another CAD $5 billion, or about $4 billion, in the diversified cannabis company. Constellation Brands (STZ) the brewer of Corona beer and distributor of Robert Mondavi wine, said it will increase its stake in Canopy (CGC)(CA:WEED) to 38% from about 10% by buying 104.5 million shares at C$48.60 a share, a 51.2% premium to Tuesday’s closing price of C$32.15, and assuming exercise of existing warrants. The company will also receive additional warrants that if exercised would provide Canopy with an additional C$4.5 billion and give Constellation a stake of more than 50%.
What’s it going to take for gold market timers to become so pessimistic that a contrarian buy signal is finally triggered? Consider the average recommended gold market exposure level among a subset of short-term gold market timers (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). As I have indicated in past columns, previous lows have been accompanied by HGNSI readings at least as low as minus 30%.
The Dow Jones Industrial Average could be on the verge of a major breakout. Veteran technician Ralph Acampora — often referred to as the 'godfather of technical analysis' — says the blue chip index's charts are flashing two particularly bullish signs heading into autumn. A hammer pattern on a candlestick chart occurs when an index's open, peak and close are nearly the same, while the session low gaps apart from the rest.
It tends to range in and out of the penny stock category, as it rises over $5 per share on occasion, and after year-to-date gains of approximately 24%, the stock is currently trading at $5.56. As you might expect, the company is very small, with a market cap of just over $301 million. With data breaches and privacy concerns drawing ever more attention to cybersecurity issues, Zix shows promise for investors who are willing to take on the risk of a penny stock.
Aug.19 -- Jun Bei Liu, a portfolio manager at Sydney-based Tribeca Investment Partners, talks about this week's economic events and her investment strategy. She speaks with Haidi Stroud-Watts and Ramy Inocencio on "Bloomberg Daybreak: Australia."
While investors have been focusing on Turkey as a source of contagion in emerging markets amid a plunging lira and political turmoil, we see the outlook for China as a much bigger problem. China represents 25 percent of the MSCI Emerging Markets Index, so what happens in China doesn't exactly stay in China. With the trade war looming, China's outlook has been called into question.
The nearly decade long bull market run has made some investors weary of a looming downturn. "The return is less important for what the market is retuning, it's your personal return," Robert Steen, CFP and Advice Director for Retirement and Complex Planning at USAA, told TheStreet. While he said that having ones portfolio be at least 60% in equities is a "rule of thumb," he also recommends for investors who can stomach a little more risk an 80% or 90% equities weighted portfolio.
Since Venezuela’s state-owned oil company, PDVSA (Petróleos de Venezuela, S.A.) owns the Citgo refineries in the U.S., the companies that had lost billions of dollars of assets should target these refineries for seizure as compensation.
The San Francisco Bay Area's housing market is so bleak, even tech workers are struggling to buy a home there. A survey by Blind found that 59% of employees at Bay Area tech companies said they cannot afford homes. Cisco, eBay, and Intuit had the highest percentage of employees who said home ownership is elusive.
China wants to steal U.S. secrets and is very good at doing so. “China, from a counterintelligence perspective, represents the broadest, most pervasive, most threatening challenge we face as a country,” FBI Director Christopher Wray told the Aspen Security Forum in July. A recent U.S. government report titled “Foreign Economic Espionage in Cyberspace” indicates how multifaceted China is when it comes to stealing American intellectual property and U.S. government secrets.
Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. It sees Walmart take a 77 percent share in the company, buying out a number of prior investors in the process and expanding its rivalry with Amazon to a new horizon. The investment capital also includes $2 billion in new equity funding which will be used for growth while the transaction was structured so that Flipkart itself can still go public.
Fidelity Investments recently announced that it was introducing two index funds with zero annual expenses, while also slashing expenses on its other index funds and dropping the required minimum investment on all funds, both actively managed and indexed. Why is Fidelity doing this? When I started writing about mutual funds in the late 1980s, Fidelity’s swagger bordered on nauseating, as it relentlessly peddled a slew of star fund managers, notably Magellan’s Peter Lynch.
Solar stocks took a beating in the second half of 2015 and throughout 2016, but the sector turned around in 2017. In fact, one exchange-traded fund (ETF) tracking the sector – the Guggenheim Solar ETF ( TAN) – generated impressive returns of over 54% last year. Solar stocks soared in the past due in part to federal tax credits for home solar installation and other incentives to stimulate the industry, but the sector was surprisingly resilient in 2017 despite a presidential administration that does not prioritize renewable energy to the same extent as its predecessor.
Elon Musk says changing his way of working is not an option after Arianna Huffington urged the Tesla CEO to take a different approach in running his company More from Bloomberg.comMusk Defends Relentless Work Hours as Tesla Enters Fateful WeekA ‘
Cisco Systems Inc. revenue grew for the third quarter in a row and hit a record, the company revealed Wednesday, and guidance indicated that the networking giant’s return to growth may be more sustainable. Cisco (CSCO) reported better-than-expected fourth-quarter earnings Wednesday, with revenue growth of 6% and a full-year increase of 3% to $49.3 billion. The move toward more of a software-style focus with recurring revenue has hammered Cisco’s revenue growth numbers in the past two years, but the company appears to now be exiting that period and headed toward solid, predictable growth rates.