|Bid||58.12 x 0|
|Ask||58.10 x 0|
|Day's Range||57.99 - 58.40|
|52 Week Range||53.77 - 63.20|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.02|
|Expense Ratio (net)||0.68%|
Analyzing Fitbit's Performance in Q1(Continued from Prior Part)Fitbit’s market shareFitbit (FIT) is expected to gain market share in the global wearable space. Fitbit has managed to increase its shipments 36% this quarter by launching lower-priced
Key Macro Updates: Growth, Central Banks, and Earnings(Continued from Prior Part)Data China’s slowdown was seen as a major risk for global markets last year. However, over the last month, several data points from China have shown signs of bottoming
BAML Survey: How Are Global Fund Managers Positioned?BAML survey’s key findings BAML (Bank of America Merrill Lynch) conducted a survey that polled 187 global investors with $547 billion in total assets under management between April 5 and April
Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on the next downturn Jeffrey Gundlach believes that if equities do well this year, emerging market equities will do better than US stocks (SPY)
Will Robust Revenue Growth Drive Spotify Stock Higher in 2019?(Continued from Prior Part)Spotify outperformed on several metrics last quarter In the fourth quarter of 2018, Spotify’s (SPOT) number of monthly active users rose 29% YoY
Despite Record Highs, India Underperformed Emerging MarketsIndian equities Globally, stock markets were strong in the first quarter. The rally wasn’t limited to equity markets alone, and commodities also joined the party. The S&P 500 (SPY)
What Fund Managers’ Allocations Say about the Market's Outlook(Continued from Prior Part)Most crowded trade As with the biggest tail risk, the latest Bank of America Merrill Lynch Survey resulted in a new “most crowded trade” response as well.
What Fund Managers’ Allocations Say about the Market's OutlookBAML survey and fund managers BAML (Bank of America Merrill Lynch) conducted a survey that polled 239 global investors with $664 billion in total assets under management between March 8
A Global Slowdown Seems Definite but Markets Have Other WorriesGlobal slowdownToday, the Bank of Japan maintained its monetary policy but sounded less optimistic on the economy, stating that “exports and output have been affected by slowing
BAML Survey: Fund Managers Aren't Optimistic about Recent RallyBAML survey and fund managers BAML (Bank of America Merrill Lynch) conducted a survey that polled 218 global investors with $625 billion in total assets under management between February
Emerging markets should form "a core part of your portfolio," according to Taimur Hyat, the Chief Operating Officer at PGIM.
How the Trade War Opened the Fault Line in China's Economy(Continued from Prior Part)Structural issues The trade war with the United States (SPY) has opened the fault line in the Chinese economy (BABA) (TCEHY). The old model of higher infrastructure
How the Trade War Opened the Fault Line in China's EconomyChina’s economic miracle Last year marked 40 years since China opened up its economy. The country started economic reforms in 1978, and its economy has seen impressive growth since then.
Trump Administration Withdraws Sanctions on Russian CompaniesRussian companiesOver the weekend, the Department of the Treasury withdrew sanctions against some Russian companies (RSX) (EEM) including RUSAL—the largest aluminum producer outside
January BAML Survey: Fund Managers Bearish, but No Recession YetBAML survey and fund managersBAML (Bank of America Merrill Lynch) conducted a survey that polled 234 global investors with $645 billion in total assets under management between January
Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? ## Assessing Gundlach’s predictions So-called bond king Jeffrey Gundlach, who is also the CEO of DoubleLine Capital, made his predictions for 2019 on a variety of topics, including debt markets, stock markets, Bitcoin, the state of the economy, and interest rates, in his annual “Just Markets” webcast on January 8. Before we look at what Gundlach expects for the year ahead, let’s have a look at what he predicted last year and how many of those predictions actually came true. ## Stock markets to turn negative One of Gundlach’s key calls for 2018 was that the equity market would end the year in negative territory. He said it would be completely different from what we experienced in 2017 and that it was payback time. In December 2018, Gundlach said, “I’m pretty sure this is a bear market.” He also said he expected the S&P 500 to fall below the lows it hit early in 2018. These predictions came true, and December turned out to be the worst December for markets since 1931. The S&P 500 (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite Index (QQQ) fell 6.3%, 5.7%, and 1%, respectively, in 2018. Gundlach was also right about emerging market equities (EEM). He suggested that it isn’t a good time for traders to be buying them, but long-term investors might benefit. The MSCI Emerging Markets Index fared much worse than US markets. In April, Gundlach described Bitcoin as the current dot-com bubble. He also said that Bitcoin had rallied and peaked in 2017 along with equity prices. Bitcoin prices have been mostly falling since peaking in December 2017. ## Some misses However, Gundlach wasn’t right on all his predictions. His expectations regarding a big downside in the US dollar (UUP) didn’t come true. Moreover, he was very bullish on commodities (XME) (XLE) and even said, “What I mean by massive is not a 30% gain, it is 100%, 200% or even 400%.” This prediction also didn’t come true, with most commodities providing negative returns for the year. With the above information as our context, let’s see what Gundlach is predicting for the economy and the markets in 2019. Continue to Next Part Browse this series on Market Realist: * Part 2 - Jeffrey Gundlach: How to Survive the Market Zigzags in 2019 * Part 3 - Gundlach: Junk Bond Market Is Flashing Yellow on Recession * Part 4 - Why Gundlach Expects a Wave of Corporate Downgrades to Come
How Ray Dalio Beat the Market and Peers in 2018 (Continued from Prior Part) ## Not “long” any particular asset So, what is it exactly that helped Ray Dalio’s Bridgewater Associates beat the market and peers in 2018? The answer probably lies in the way the fund is designed. Most of the market suffered huge losses in the last quarter of 2018 as equities fell. Bridgewater, however, was having its typical year due to its design, wherein it isn’t usually long on any particular asset. ## Bridgewater’s positioning In a telephone interview with Reuters in December, Greg Johnson, co-chief investment officer of Bridgewater Associates, mentioned, “We are bearish on equities but it’s a part of a diversified set of conditions across asset classes. That process has allowed us to have our alpha be uncorrelated over time to equity markets.” He added, “We do equally well as equity markets go up or equity markets go down. So, we are having a normal year this year – as good as our typical year – and that is a function of the design of our alpha … we don’t have any tendency to be long any particular asset.” ## Bridgewater’s holdings A lot of hedge fund managers got burned, as they had outsized positions in a few stocks and a lot of them had it in the over-owned tech (QQQ) space. Dalio’s holdings are mostly concentrated in a small number of positions with most of its largest stakes in ETFs. Its top ten holdings form 71% of its total portfolio. At the end of Q3 2018, its five largest holdings were: * the SPDR S&P 500 Trust ETF (SPY): 23.6% * the Vanguard FTSE Emerging Markets ETF (VWO): 21.6% * the iShares Core MSCI Emerging Markets ETF (IEMG): 6.1% * the SPDR Gold Shares ETF (GLD): 4.6% * the iShares MSCI Emerging Markets ETF (EEM): 3.5% Apart from this, Dalio’s strategy of having a “strategic asset allocation mix,” or having a neutral portfolio during an overall period and then figuring out where there is alpha, could also have helped Dalio beat the market. Continue to Next Part Browse this series on Market Realist: * Part 1 - Ray Dalio’s Bridgewater Is Rare Bright Spot in Market Rout * Part 2 - Did Ray Dalio’s Bearish Stance on Markets Help? * Part 4 - Ray Dalio’s Advice Is to ‘Go Counter-Cyclical’
Wall Street's analysts and market experts have scores of unique investing ideas and perspectives as we begin the new year. But one common thought across dozens of 2019 market outlooks: Nothing will come easy for investors. Where will the American stock market go in 2019? What sectors will shine - and which ones will fall to the back of the pack? Will Chinese equities rebound? Will cryptocurrencies find their way back into favored status among aggressive investors? Experts from across the spectrum - from Wall Street's most prominent stock-analysis outfits to "boutique" shops that specialize in just one or two corners of the market - have delivered their market outlooks for 2019. Kiplinger's has published its own insights: our economic outlook and our guide on where to invest for the year. But we suggest also taking in the analyst community's views on stocks, bonds and beyond. Digest these key 2019 market outlooks to find investment ideas that fit your portfolio in the new year. They include price targets for the Standard & Poor's 500-stock index, economic forecasts and various investing strategies. ### SEE ALSO: 19 Best Stocks to Buy for 2019 (And 5 to Sell)
In the previous part of this series, we have seen that Apple (AAPL) may be struggling to increase iPhone sales in fiscal 2019. Apple managed to easily outperform the global smartphone market as shipments rose 0.5% to 46.9 million units. At the end of the third quarter, Apple had a market share of 13.2% in the global smartphone market.
While talking to CNBC in September, Ray Dalio said that investors should get “more defensive” in the stock market, and warned that stocks’ upside looks limited. He added that the projected returns for stocks relative to cash and bonds (BND) look “sort of about right.”
Could Market Risks Bring Investors Back to Gold in 2019? As we’ve discussed in this series, market uncertainty is increasing after an unusually calm 2017 and part of 2018. The major sources of uncertainty are expected to be the looming trade war between the United States and China (FXI), the coming earnings and margins deceleration, the Brexit deal, and the Fed’s policy path.
As we’ve discussed in this series, market uncertainty is increasing. Looming earnings deceleration, trade policy uncertainty, and the Fed’s tightening have been major factors weighing on investors’ minds. For most of this year, gold (GLD) has not been a safe-haven asset, as the US dollar (UUP) (USDU) has continued strengthening and the Fed’s rate hike outlook has remained strong.
President Trump has made it clear time and again that he is not happy with the Federal Reserve raising rates (TLT) so quickly. Usually, presidents don’t interfere or comment on the Fed’s decisions. The Fed is seen as an independent authority, which is important to maintain economic stability.
During the third quarter, gold’s price (GLD) fell ~5%, dipping below the psychologically important level of $1,200 per ounce it touched in August.
November marked the second straight month of investors’ bearishness with 44% of them believing that global economic growth will decelerate in the next 12 months. It believes that investor sentiment could take a sudden turn for the worse. While 16% of investors surveyed in October thought that the stock market has peaked, the number increased to 30% in November.