|Bid||185.06 x 800|
|Ask||185.12 x 800|
|Day's Range||183.58 - 186.53|
|52 Week Range||129.26 - 197.73|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||27.43|
|Forward Dividend & Yield||2.00 (1.02%)|
|1y Target Est||N/A|
The bulls finally started fighting back late in the day, but it didn't matter. Even coming up off the intraday day low of 2,805.49, the S&P 500's close of 2,822.24 was still 1.19% worse than Wednesday's last trade.Source: Allan Ajifo via Wikimedia (Modified)Bank of America (NYSE:BAC) inflicted the most net damage, falling 2.5% for no particular reason other than it's a high-profile name that could easily fold if investors continue to broadly see stocks as liabilities. Advanced Micro Devices (NASDAQ:AMD) technically lost more ground though, off 3.8% simply by being a top tech name. Technology stocks are being seen as the most vulnerable group as trade tensions between China and the United States escalate.There were some winners, believe it or not, though not many. Top among that small group was L Brands (NYSE:LB). Shares of the parent company of Victoria's Secret and Bath & Body Works rallied 12.8% in response to a surprisingly promising first-quarter report.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Names That Are Screaming Stocks to Buy None of those tickers are promising trade prospects headed into Friday's action though … too volatile to be predictable. Take a look at the stock charts of Moody's (NYSE:MCO), Comcast (NASDAQ:CMCSA) and Alaska Air Group (NYSE:ALK) instead. Here's why. Alaska Air Group (ALK)Alaska Air Group shares have been all over the place since the middle of last year. While the 2017 and early 2018 selloff has been quelled, several recovery efforts in the meantime have also been quelled. In fact, ALK slipped to new 52-week lows in March, teasing of another prolonged downtrend.That disaster has so far been avoided, but Alaska Air is hardly back in an uptrend. Thanks to yesterday's action though -- and specifically, the placement of yesterday's bar -- this is a name to put back on your radar. Click to Enlarge * The big clue from Thursday is the way the stock pushed up and off of the purple 50-day moving average line to turn a loss into a gain (on a day the market was getting hammered, no less). * The next big line in the sand is the 200-day moving average line, plotted in white on both stock charts. And it is a biggie, acting as resistance a couple of times already this month. * Although prior rally efforts have all failed rather early on, the fact that the bulls keep swinging is telling in and of itself. Moody's (MCO)The past couple of weeks haven't just been unusually volatile for Moody's. They've been volatile in an unusual way. The swings have been rather extreme, not just big changes in the day-to-day closes, but entire low-to-high ranges that haven't overlapped much with the prior day's range. That's often a sign of more indecision than it seems there is on the surface.That indecision appears to have finally resulted in something of a death blow yesterday, although there's still one narrow escape path the bulls could take if they're willing to stick together. * 7 Marijuana Stocks to Play the CBD Trend Click to Enlarge * That 'death blow' is the break below the purple 50-day moving average line, underscored by the fact that MCO shares still managed to start the day above that mark. * It's only modestly meaningful given its young age, but the lower edge of the trading range plotted with white dashed lines on the daily chart is still holding up as support. * While that near-term support line remains intact, notice how much selling volume came pouring out of the woodwork on Thursday when the trouble solidified. * Zooming out to the weekly chart it becomes clear that Moody's overextended itself early in the year and is now ripe for some profit-taking. Comcast (CMCSA)Finally, it may not have fallen off the edge of the cliff just yet, but Comcast shares have defined exactly where that edge is. And, they did so right after touching what was the most logical place for the stock to make a major peak.If the bears can just get one or two more licks in, the already vulnerable CMCSA chart could topple in a big way. Click to Enlarge * The make-or-break level is right above $42, where Comcast shares found a bottom for a few days a couple of weeks back. The floor is marked with a yellow line on the daily chart. * In the meantime, the purple 50-day moving average line has moved into position to either serve as, or fail to act as, a technical floor right around that same level. * Backing out to the weekly chart it's clear that revisiting the early 2018 high around $43.85 presented some sort of psychological problem for the rally … not that CMCSA wasn't overbought as of last month anyway.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Safe Stocks to Buy This Summer * The 5 Best Telecom Stocks to Buy Now * 6 Innovative Stocks With Big Long-Term Growth Potential Compare Brokers The post 3 Big Stock Charts for Friday: Alaska Air Group, Comcast and Moody's appeared first on InvestorPlace.
The UK pound rose back above $1.27 in choppy trading after Theresa May outlined her plans to step down as prime minister and trigger a Conservative party leadership contest next month. Sterling rose 0.5 per cent to $1.2714 after fluctuating in the hour following Mrs May’s resignation. The currency was still trading near 2019 lows against the dollar, excluding a brief ‘flash crash’ in January, and has fallen more than 2.5 per cent this month as Mrs May’s efforts to break the Brexit impasse have fizzled out.
(Bloomberg) -- A reincarnated version of collateralized debt obligations, backed by both high-yield bonds and leveraged loans, offers investors some of the best relative-value plays in fixed-income, according to Credit Suisse Asset Management.
The banking regulator Tuesday proposed easing lending rules that will allow home-buyers to borrow more, and central bank Governor Philip Lowe said policymakers will consider the case for cutting interest rates at its next meeting in two weeks’ time. The news is another win for the property market in recent days after Scott Morrison’s center-right government pulled off a shock election win on the weekend, killing off the opposition Labor party’s plans to wind back tax breaks for property investors. The announcement from the banking regulator “represents a material easing in the credit constraint facing households,” David Plank, head of Australian economics at Australia & New Zealand Banking Group Ltd. said in a note.
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
While Pemex’s benchmark bonds outperformed peers Monday after President Andres Manuel Lopez Obrador made the announcement in his daily press conference, they lagged behind Tuesday as investors seemed to wager that the plan wasn’t enough to change the company’s long-term outlook. “Bank credit does not equal a plan,” Citi analysts Eric Ollom, Ayoti Mittra and James Barry wrote in a note. Petroleos Mexicanos, as the company is formally known, has struggled to reverse over a decade of production declines under a $106.5 billion debt pile.
China's Foreign Ministry Spokesman Says He Wasn't Aware of Any Xi-Trump Phone CallHere are the KEY TAKEAWAYS from U.S.-China trade tensions Friday:The Trump administration imposed a 25% tariff on more than $200 billion in Chinese goods, up from 10% before, in its most aggressive step yet in the trade war. China said it will take ``necessary countermeasures,'' though has yet to specify themDay one of talks between top Chinese and U.S. economic officials in Washington ended with little progress and a downbeat mood, according to people familiar with the talks. The index closed up 3.1% and the yuan roseInvestors are also on the lookout for any sign of a call between Presidents Donald Trump and Xi Jinping, after Trump said he’d received a letter from Xi and flagged the potential for a phone conversation between themNext steps to watch include the details on China’s retaliation, news on any broader stimulus efforts to safeguard growth and on any move by Trump to impose new 25% tariffs on $325 billion more of imports, a threat that he reiterated Thursday Chris Anstey Managing Editor, Asia Cross-Asset Markets05/10 03:55 ETThank you for following our coverage of the ongoing China-U.S. trade spat.
The Zacks Analyst Blog Highlights: Verizon, Abbott, Illinois Tool Works, Moody's and Baker Hughes
President and CEO of Moody's Corporation (NYSE:MCO) Raymond W Mcdaniel sold 55,421 shares of MCO on 05/07/2019 at an average price of $193.11 a share.
Moody's Corp NYSE:MCOView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for MCO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.48 billion over the last one-month into ETFs that hold MCO are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Warren Buffett has a problem. One-hundred and twelve billion of them to be exact. That's the amount of cash that Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) has on its balance sheet at the end of 2018. And odds are, Buffett's cash hoard has only grown over the last three months as his vast empire continues to pay some hefty dividends. The problem for Warren Buffett and Berkshire is that amount of cash starts to be a real drag on its profitability and returns. So, for the last year or so, Buffett has been searching for a firm to buy. And given BRK's size, it needs to be a big one to move the needle. Unfortunately, the Oracle of Omaha hasn't found just the right one yet.But there could be plenty of choices. * 7 Stocks That Are Soaring This Earnings Season Analysts have started to look at what Buffett could buy to add to the Berkshire Hathaway arsenal. In total, about 141 different firms could meet the Warren Buffett standard for cash flows, profitability and value. Here are the best possible Warren Buffett stocks that regular retail investors may want to snag up as well.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cincinnati Financial Corporation (CINF)Source: Shutterstock It's no secret that Warren Buffett loves insurance stocks and BRK is chockfull of them. That's because Buffett loves their float. An insurance company's float is basically all the premiums it's collected, but hasn't paid out just yet. This money can be invested in a wide range of things -- with some caveats on amounts. Most insurance companies use bonds and other fixed-income instruments, but not all. Berkshire's subsidiaries use their float to bet on stocks.And so does insurer Cincinnati Financial Corporation (NASDAQ:CINF).CINF is property and causality insurer that has been very successful in using its float to boost its returns over the years. Additionally, the company has some very conservative underwriting standards which have helped limit losses. Combining this plus its local agent-specific businesses model -- which partners with existing insurance agencies to promote its businesses -- and Cincinnati Financial has been a long-term winner.In fact, with its last dividend hike, CINF has managed to raise its dividend for 59 years straight.That sort of steadfastness could be exactly what Buffett is looking for. Moreover, CINF could be an easy fit into Berkshire's other insurance assets. With a market cap of around $15 billion, the stock would be an easy one for Buffett to swallow as well. Fastenal (FAST)Source: Shutterstock If there is one thing Buffett likes, its simple to explain businesses that churn out hefty cash flows year in and year out. That's basically what Fastenal (NASADQ:FAST) has been doing for the last 50 years.FAST produces and sells a variety of hardware and supplies that other industrial firms or businesses need to keep running. This includes everything from boring nuts and bolts to more exotic fare like tools and pumps. It's basically an industrial supplier to the industrials. That's a good place to be.Over the years, Fastenal has cemented itself as one of the top players in this niche. The key for the firm comes down to its relationships with other industrials and manufacturers. FAST's system makes it easy for procurement managers to order. The firm operates more than 2,220 branches and a hefty online website. But the real win is that FAST has been able to get inside manufacturers themselves. This comes from Fastenal's storage bin replenishment and vending machine programs. Here, FAST is able to directly integrate into a manufacturer's ordering/supply chain and allows for ease of repeat customers. Simply, FAST is able to integrate itself into a customers' workflow. Last year, the firm processed more than 41 million orders and pulled in more than $5 billion in revenues. More importantly, it has allowed FAST to grow at a very hefty clip in terms of margins and profits. * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business With a wide moat, great growth and $20 billion market-cap, Buffett could and should swallow up Fastenal. Sherwin-Williams (SHW)Source: Shutterstock Buffett is clearly a fan of homeownership as several of Berkshire Hathaway's subsidiaries focus on products for construction and decorating. This includes carpet-producer Shaw Flooring. Under this banner, paint-producer Sherwin-Williams (NYSE:SHW) could get the nod from Buffett.With its 2017 purchase of Valspar, SHW became the global leader in paints and coatings. This includes a hefty amount of paints and stains for personal/home use. But the real reason why Buffett could give SHW a nod is its industrial businesses. Sherwin-Williams produces a ton of different coatings and paints for a variety of industries -- including lucrative aerospace and automotive/transportation finishes. These sort of performance coatings have been a bright spot in its business -- with sales jumping 5% in the last quarter. Profits here jumped by over 60% as Valspar was able to significantly contribute. That's the sort of growth that Buffett would love to see inside Berkshire.And Buffett could find plenty to love in its dividend as well.Thanks to big growth in several of these performance coatings segments, Sherwin-Williams recently was able to raise its dividend by an eye-popping 31%. Meanwhile, the stocks payout ratio is measly 23%. That leaves plenty of room for future payout increases.In the end, SHW is the kind of specialty industrial business that throws off serious cash flows. Exactly what characterizes most Warren Buffett stocks. Southwest Airlines (LUV)Source: Jerry Landers via Flickr (Modified)The long joke among investors is that investing in an airline was the surest way to lose to money. For the longest time, no Warren Buffett stocks were airlines. But that was then and this is now. And now Berkshire counts holdings in the four major airlines, but Southwest (NYSE:LUV) could ultimately be the one that gets bought out.Things have changed a lot for the industry. Thanks to deregulation and the wave of mergers, the number of airlines has shrunk in the U.S. That has provided the remaining ones with larger operating footprints and better profit profiles. Additionally, dropping oil prices have reduced one of the biggest costs for the sector. That's what initially drew Buffett into the sector in the first place.Why Southwest will get the love is that it the airline checks a lot of boxes for Buffett.For one thing, the corporate culture at LUV is top notch and is still run by early insiders and founders. Secondly, it's moat as a carrier is deeply entrenched and many low-cost competitors have difficulty competing. Finally, the top-notch carrier may be cheap. * 4 Big Tech Stocks in Major Trouble LUV cut its guidance twice in the last two months thanks to woes over canceled flights. Southwest flies almost exclusively 737 planes -- though not exclusively 737 Max planes. With that, shares have dropped and now trade for just 10 times free cash flows. That's a very juicy figure and could get Buffett to just buy out the stock. Moody's Corporation (MCO)Businesses that produce plenty of cash flows because they have no overhead are something Buffett likes as well. So, when you combine with this with an irreplaceable moat, you know Buffett is 100% onboard. This could help explain his attraction to Moody's Corporation (NYSE:MCO).Moody's -- along with rival S&P Global (NYSE:SPGI) -- provides credit ratings, research, and risk analysis services. And as one of the three main ratings agencies, investors, banks and other customers rely on MCO to make their investment decisions. This includes BRK. In fact, a company can't issue a bond without a ratings agency giving it it's blessing.The best part is that Moody's only real overhead is salary. That leads to plenty of cash generation and mega-sized margins for its products. This year, Moody's estimates that it will generate more than $1.6 billion in free cash flows. Meanwhile, the firm has been more than happy to share those cash flows with investors. Over the last five years, MCO has managed to grow its dividend by an average of 12%. Currently, the stock yields 1.03%.These factors are some of the reasons why Buffett and Berkshire own a hefty slog of Moody's shares.Add in its growth potential from side analytic business and the need for robust credit research and there's a good chance that Buffett could finally take the firm private.Disclosure: At the time of writing, Aaron Levitt did not hold a position in any of the stocks mentioned. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business Compare Brokers The post 5 Elephant-Sized Companies Warren Buffett Could Buy appeared first on InvestorPlace.
Current projections call for the Labor Department to report 181,000 new jobs, according to data provider FactSet. "The economic soft patch at the start of the year has not materially impacted hiring," Mark Zandi, chief economist at Moody's Analytics, said. The ADP report is calculated by looking at the payroll data from ADP's business customers, who employ about 24 million people.
The proposal is part of a broader plan to protect Washington, which is home to 700,000 people and the headquarters of most federal agencies, from climate change and other threats. “Confronting climate change means setting bold goals for the future,” Washington Mayor Muriel Bowser said in a statement. The District says it also wants to include federal government buildings, though it has limited authority over them.
Robust Moody's Analytics segment performance supports Moody's (MCO) Q1 earnings, while soft global issuances and higher expenses hurt.
The New York-based company said it had net income of $1.93 per share. Earnings, adjusted for amortization costs and restructuring costs, were $2.07 per share. The results topped Wall Street expectations. ...