21.54 0.00 (0.00%)
After hours: 6:08PM EDT
|Bid||21.53 x 1400|
|Ask||21.48 x 4000|
|Day's Range||21.40 - 21.65|
|52 Week Range||15.38 - 31.01|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||10.07|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||1.20 (6.21%)|
|1y Target Est||20.92|
Franklin's (BEN) second-quarter fiscal 2019 results are likely to reflect favorable impact of strong market performance. Yet, lower revenues might offset the positives.
Stocks didn't reach a record high on Tuesday, but they came close. And, the S&P 500's 0.88% rally was enough to leave the index at a record-high close of 2,933.68.Source: Allan Ajifo via Wikimedia (Modified)Twitter (NYSE:TWTR) was a key driver of that move, up nearly 16% following a first-quarter report that included a better-than-expected number of daily active users. Defense contractor Lockheed Martin (NYSE:LMT) watched its stock rally nearly 6% after unveiling an unexpectedly strong outlook based on more technical progress with its F-35 fighter jet.At the other end of the spectrum, Procter & Gamble (NYSE:PG) stock was off almost 3% despite a third-quarter earnings beat. Investors are concerned that P&G will struggle to remain in the shaving business.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Oversold Stocks to Run From Headed into Wednesday's action, it's the stock charts of Invesco (NYSE:IVZ), Unum Group (NYSE:UNM) and PNC Financial Services Group (NYSE:PNC) that merit the closest looks as trading prospects. Here's the deal. PNC Financial Services Group (PNC)PNC stock spent the better part of March and April fighting its way out of 2018's technical funk and back into an uptrend. That has happened in earnest now. But, while some of the heavy lifting has been done, there's one more line to cross. The good news is, with Tuesday's action in view, that's likely to happen straight away. Click to Enlarge * The game-changing event here is a move out of the weekly chart's bearish channel, framed by yellow dashed lines. * But, just as telling is the fact that the white 200-day moving average line that was resistance in March appears to have become support as of yesterday's bar. * There may be more bulls out there than it readily appears. Not only was yesterday's volume well above average, we saw a big accumulation day two weeks ago as well. * The key to more upside is pushing above this week's and last week's technical ceiling at $134.20, plotted in red on the daily chart. Unum Group (UNM)Reversals are usually more of a process than an event. If that's the case for UNM stock right now -- and it looks like it is -- shares are close to getting over a fairly important hump. That will put it in a position to clear an even bigger hurdle.In the meantime, the backdrop has already turned impressively bullish. * 10 High-Yielding Dividend Stocks That Won't Wilt Click to Enlarge * Last year was crammed full of lower lows and lower highs. We've not yet seen a higher high from UNM stock; March's low counts as a higher low. * The higher high will mean a move above horizontal resistance at $40.66, plotted with a green dashed line on the daily chart. * Before that happens though, Unum shares will have to hurdle the red, dashed resistance line marked on both stock charts. This ceiling touches all the minor peaks seen since November. * It has largely been lost in the volatility, but as of this week, we now have a golden cross in place. That is, the purple 50-day moving average line is back above the white 200-day moving average line. * While not the ideal shape, the weekly chart is arguably in the spirit of an upside-down head and shoulders pattern, which sets the stage for a breakout move if and when UNM can punch through the neckline at $37.80. Invesco (IVZ)Back in early April, IVZ stock was featured as a budding bullish candidate. The downtrend that had been guiding it lower since early 2018 was snapped, by virtue of a break above the falling resistance line in play over the course of the prior several months.That move is still in place. In fact, it's stronger now than it was then, as another key hurdle has been cleared. One more push could, and should, seal the deal. And, it's clear where that line in the sand is. Click to Enlarge * The feat achieved in the meantime is a move above the 200-day moving average line, plotted in white on both stock charts. * Although the cross above the 200-day line is complete, immediately after that happened the advance came to a halt. In the meantime, it has become clear that last week's peak, plotted in red at $21.74, is a milestone that could trigger another wave of buying. * If the next leg of the breakout falls into place, the next most likely technical ceiling is around $24, where the 38.2% Fibonacci retracement line currently awaits. * While the momentum is gaining steam, note how the volume has been fading on the way up since last month. This isn't necessarily the majority opinion.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 3 Big Stock Charts for Wednesday: Invesco, Unum Group and PNC Financial Services Group appeared first on InvestorPlace.
Principal Financial's (PFG) Q1 results are likely to benefit from its expanded distribution network and wide range of retirement, investment and protection solutions.
As China cracks open the door further to its massive financial market, a handful of foreign firms are pulling ahead of the pack.
Invesco (IVZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
at Invesco, in a deal that underscores the close-knit relationship between two of the UK’s best-known fund managers. The sale of NewRiver Reit shares is the latest reshuffle of Mr Woodford’s portfolio at a time when investors have pulled cash from his flagship equity income fund every month for almost two years. Mr Woodford’s investment company disclosed on Wednesday that the fund’s assets had shrunk to £4.4bn, down from £4.7bn at the end of February, and 57 per cent lower than its £10.2bn peak in 2017.
Fund houses including Janus Henderson, Amundi and Invesco last year spent significantly less on broker research — when compared with the original forecast by an investment professional association — as the investment industry reacted to higher regulatory costs and increased margin pressure. The second Markets in Financial Instruments Directive, known as Mifid II, which came into effect last year, forced asset managers to separate the cost of research from trading commissions paid to brokers, a process known as unbundling. This is borne out in disclosures analysed by FTfm showing the cost of Mifid II for asset managers.
The asset management industry is under a lot of pressure right now from significant structural changes that have impacted the major industry operators like T. Rowe Price Group, Inc. The S&P 500 Index increased 10% in the past 12 months, but T. Rowe Price has declined 1% in that time. Invesco stock has performed even more poorly, down 33% over the past year.
AllianceBernstein (AB) records 1.5% sequential rise in its AUM for March 2019, driven by market appreciation and net inflows.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ATLANTA , April 9, 2019 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $954.8 billion , an increase of 1.0%. The increase was driven by ...
Among the many asset classes that performed well in the first quarter were mid-cap stocks. In the first three months of the year, the S&P MidCap 400 Index returned 14.8 percent, beating the S&P 500 by ...
ATLANTA , April 8, 2019 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) will announce its first quarter 2019 results on Thursday, April 25 , at 6:55 a.m. ET . A conference call will be held at 9 a.m. ET to discuss ...
The text, written in the first half of the year (and later published as Payback: Debt and the Shadow Side of Wealth), described how she’d noticed a lot more ads on public transportation for debt relief services. Today, more than 10 years after the global debt-driven financial crisis that Atwood intuited, angst remains. Central banks that bought bonds and kept interest rates low to spur economic recovery have fueled record levels of corporate and government borrowing.
It was touch and go for the better part of yesterday's action, as investors grappled with the prospect -- but not the certainty -- of an amicable end to the tariff war with China but the beginning of one with Mexico. The S&P 500 managed to end the day up 0.21%, but it was an ugly win, with most of the intraday gain being given back and the shape of the bar suggesting it could have been a pivot back into a pullback.Advanced Micro Devices (NASDAQ:AMD) led the way with more than an 8% gain following whispers that demand for its new 7 nanometer processors was strong, though a broad rise in tech stocks stemming from encouraging trade news boosted that tailwind.At the other end of the spectrum, GameStop (NYSE:GME) lost nearly 5% of its value after Bank of America Merrill Lynch analyst Curtis Nagle predicted "another tough year" for the video game retailer. The ongoing growth of cloud-based gaming is, Nagle believes, an ongoing threat to the brick-and-mortar game business.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNeither name is a particularly great trading prospect today, however. Rather, the stock charts of less-volatile HollyFrontier (NYSE:HFC), Citrix Systems (NASDAQ:CTXS) and Invesco (NYSE:IVZ) are shaping up as your best, more predictable bets. Here's why. Invesco (IVZ)In mid-March Invesco confirmed it was back in a new uptrend, snapping out of a bearish funk thanks to a completed upside-down head-and-shoulders pattern that carried IVZ above a long-standing (and falling) resistance line. * The Elite 8 Stocks to Buy for Massive Outperformance Shares started to peel back the very next day. But, over the course of the past week and a half the bigger-picture uptrend has been renewed, and is now even stronger and more convincing than it was before. Click to Enlarge • The convincing clue is the way IVZ found support at the intermediate-term support line, plotted in red, in late March. That reversal is highlighted on the daily chart.• We've also now seen two higher highs and higher lows since Invesco worked its way above the long-term ceiling that had been guiding it lower since March of last year. That resistance is plotted with yellow dashed line on both stock charts.• Should this rebound effort continue to gain traction, the first real test is the $24.20 area, where the 38.2% Fibonacci retracement line awaits. Those Fib lines are the horizontal lines marked on the weekly chart. HollyFrontier (HFC)Most oil names were down on Wednesday, in step with a pullback from crude oil prices. HollyFrontier was no exception to that weakness.But, unlike most of its oil and gas peers, HFC stock has been fighting a losing battle since February, and really, since May. The stock's one bad day away from sliding into an even more serious freefall, against a backdrop of multiple warnings. Click to Enlarge • The last line in the sand is currently at $48.60, plotted in red on both stock charts. That floor has tagged all the major lows going back to early 2018.• At the same time, HollyFrontier shares have been guided lower by falling resistance line plotted in yellow on both stock charts.• It's difficult to tell, until one sees the Chaikin line on the weekly chart. With its recent cross back under the zero level, it can be said there's more bearish volume than not behind the bearish leg now underway. Citrix Systems (CTXS)In early March we pointed out Citrix Systems shares looked like they had made a major bottom. While they were just coming off a sizable loss, a familiar floor once again acted as support and suggested CTXS stock was still range-bound. That hint was on-target. Citrix stopped losing ground that day.That result may have only postponed an inevitable showdown between the bulls and the bears though. After yesterday's action, that battle may have just started, with the bulls winning the first round by default. Click to Enlarge • Citrix Systems may have logged a healthy 2.35% gain on Wednesday, but that close of $102.48 was well off the high after a brush of the white 200-day moving average line repelled the buying effort.• As the weekly chart indicates, a huge support line plotted in blue that touches all the key lows going back to early 2016 is still intact, but now under serious, sustained pressure.• Simultaneously, there's a horizontal floor at $98, plotted in green, that is still a factor.• Although yesterday's high-volume surge and partial pullback didn't shake the stock out of a trading range, it's a session that may force the bears and bulls to show their hands once and for all, and force a more prolonged move.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post 3 Big Stock Charts for Thursday: Citrix Systems, Invesco and HollyFrontier appeared first on InvestorPlace.
Effective August 1, 2018, the Board of Trustees (the "Board") of Invesco High Income Trust II (the "Trust") (VLT) approved a Managed Distribution Plan (the "Plan") for the Trust, whereby the Trust increased its monthly dividend to common shareholders to a stated fixed monthly distribution amount based on a dividend rate of 8.5 percent of the market price per share as of August 1, 2018, the date the Plan became effective. The Plan is intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from the Trust, regardless of when or whether income is earned or capital gains are realized. The Plan is intended to narrow the discount between the Trust's market price and the net asset value ("NAV") of the Trust's common shares, but there is no assurance that the Plan will be effective in this regard.