The Dow Jones industrial average closed down 460.19 points, or about 1.8 percent, at 25,502.32. Meanwhile, the "yield curve" inverted for the first time since 2007. That means a Treasury bill that matures in three months is yielding 2.45 percent -- slightly more than the yield of a Treasury note that matures in 10 years. While the yield curve is still often a predictor of recessions, it may well not be imminent.
Cynergistek, Inc. CTEK is slated to release fourth-quarter 2018 results on Mar 27, after the bell. The stock has gained 1.3% in the past three months, underperforming the 15.1% rise of the industry it belongs to.
Right now, New York Community Bancorp is sporting a Zacks Rank of #2 (Buy), while Northfield Bancorp has a Zacks Rank of #3 (Hold). This means that NYCB's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is only part of the picture for value investors.
Takeda Pharmaceutical Company Limited TAK is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for TAK broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.
The chief executive officer is expected to unveil streaming video and news subscriptions, key parts of Apple's push to transform itself into a leading digital services provider. The company may even discuss a monthly video games subscription. Likely absent from the event: Any new versions of the gadgets that have helped Apple generate hundreds of billions of dollars in profit since 1976.
On Wednesday, March 20, 2019, I recorded my second biggest single-day loss ever of -$29,058.17, almost all of that due to a single trade. Although not my biggest loss ever, it is the largest I've had in recent history. It's also the worst one I've had since I started my challenge of growing my trading account from $583 to $1 million just over two years ago.
But it doesn't matter. There is so much money run algorithmically that stocks are pre-ordained to come down because the recession pattern post inversion has been a reliable one. So, you can't stop the rain coming down on this market until you get a host of people to realize there are bargains even if we have a big slowdown and if we are in are in a real jam the Fed can cut rates if it has to.
There's a lot of confusion about how retirement savings accounts work, even among those who are more well-prepared for retirement. That's what TD Ameritrade concluded after a 2019 survey that The Harris Poll conducted for them asked U.S. adults with at least $10,000 in investable assets to answer questions about 401(k) plans and individual retirement accounts (IRAs). These three questions were particularly tricky and stumped at least half of all respondents: 1.
Jim Cramer runs through his thoughts about viewers' stock picks.
Shares have U.S. auto giant Ford (NYSE:F) have been in a secular decline for several years now. There are many reasons why Ford stock has underperformed the market by 100 points over the past five years. The sum of those headwinds has caused Ford's sales to fall flat, margins to compress, and profits to drop.
In an about-face on the trade dispute, President Trump conceded that tariffs on Chinese goods may remain for a “substantial period of time.” Simultaneously, this hurts the broader markets but it also raises prospects for cheap stocks. Most speculative miners have projects in extremely unstable countries just begging for nationalization.
A major battery storage project that would help California replace three of its natural gas power plants may need to be scrapped as a result of PG&E Corp's bankruptcy, according to court documents filed this week. Californian electricity and gas supplier PG&E filed for bankruptcy protection in January, in anticipation of significant expected liabilities from wildfires in the state. The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.
In a conference call, he hurled expletives at Boeing Chief Executive Officer Dennis Muilenburg, according to a person who heard the exchange and asked for anonymity to describe the private conversation. Boeing's narrative largely held – until Ethiopian Airlines Flight 302 crashed minutes after takeoff this month. Now scrutiny is landing on the iconic American planemaker, facing Congressional hearings and law enforcement investigations into how it handled its own responsibilities to guarantee the safety of the 737 Max planes.
Rite Aid shareholders have backed a plan to lift the struggling drugstore chain's stock price and keep it from being kicked off the New York Stock Exchange. Stock owners approved on Thursday a reverse split of the company's stock that will cut down the number of shares traded and boost the price. Rite Aid's board now has to decide the ratio of the split, which could involve exchanging one share for 10, 15, or 20.
Your employer-sponsored 401(k) is one of the most powerful long-term investment tools you've got. "I get this question all the time: How much should I have in my 401(k)?" personal finance expert Ramit Sethi tells CNBC Make It . About 47 percent of millennials (defined here as those ages 25 to 34) have access to a workplace retirement plan like a 401(k), according to a recent academic report from Stanford University .
Now it looks like the U.S. market could open up in a big way for this type of cannabis and several CBD stocks are gaining traction. The reason: In December, Congress passed the 2018 Farm Bill, which declared that CBD would no longer be treated as an illegal substance. So how big could this opportunity be?
U.S. markets had their worse daily decline so far in 2019 as investors ditched stocks on concerns about the economy and warning signals from the bond market sent buyers into Spring hiding. This was Friday's damage; S&P 500: DOWN 1.9% DJIA: DOWN 1.7% Nasdaq: DOWN 2.5% In fact, investors have been pulling money out of stocks all week. According to Bank of America, $12.1 billion went into bonds, while $20.7 billion came out of equities.
The company serves a wide spectrum of “do-it-yourself” and “do-it-for-me” customers, including homeowners, renters and professional contractors from different construction trades. A large footprint of conveniently located stores across the U.S., an extensive range of products, a well-known brand and a diversified customer base are Lowe's key competitive advantages. This should lead to better growth prospects for the company and its dividend.
DUBAI/LONDON (Reuters) - Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh's share of global crude markets might be further eroded. Riyadh, OPEC's de facto leader, said it was steeply cutting exports to its main customers in March and April despite refiners asking for more of its oil. The move defies U.S. President Donald Trump's demands for OPEC to help reduce prices while he toughens sanctions on oil producers Iran and Venezuela.
Big banks extended losses into a fourth day Friday, as 10-year Treasury yields tumbled, the 3-month/10-year yield curve inverted for the first time since 2007, U.S. manufacturing data missed expectations and Europe's economic outlook darkened. The KBW Bank Index slid 4.5 percent, the most since Dec. 4, to a session low after President Trump said he will nominate long-time supporter and Jerome Powell critic Stephen Moore to the Federal Reserve Board. The index hit its lowest intraday since Jan. 15, with top decliners once again including regional banks Regions Financial Corp.
This move lagged the S&P 500's daily gain of 1.09%. This has lagged the Oils-Energy sector's gain of 1.86% and the S&P 500's gain of 1.18% in that time. ENB's full-year Zacks Consensus Estimates are calling for earnings of $1.73 per share and revenue of $35.96 billion.
U.S. West Texas Intermediate and U.K. Brent prices retreated with considerable force on Friday from the rally earlier in the week following a contraction in eurozone manufacturing growth, led by Germany, and an unsightly picture building on the crude futures complex, where the spread between the front and back was blowing out to levels that appeared unsustainable. U.S. oil drilling has continued to slide lately, despite crude prices rising by a third this year. The selloff was also remarkable coming so soon after WTI's rise to four-month highs above $60 this week after data from the U.S. Energy Information Administration showed a surprisingly huge drop in U.S. crude inventories.
The marijuana industry has strong potential especially after legalization for recreational and medicinal use. Moreover, the industry is getting benefits of expansion into other industries like food, beverage, tobacco and cosmetics. Growing legalization of recreational or medical marijuana is likely to bolster investors' confidence in this industry.
A very dovish Federal Reserve The setup into Fed Day was this: A patient Fed on the interest rate hiking front would lead to a growth acceleration in the second half of this year. After all, how could the U.S. economy not catch fire with rate hikes all but off the table in 2019, the job market still solid and corporations benefiting from the Trump tax cuts. Unfortunately for the bulls, Powell stuck a dagger in their hearts by perhaps being too dovish.