|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||17.18 - 18.50|
|52 Week Range||0.55 - 18.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Looking for the trigger for the next major market sell-off? Yahoo Finance has one you probably haven't heard yet.
Investing.com - Capital One Financial (NYSE:COF) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
For the third week in a row, individual investors bought stocks while institutional and hedge funds were net sellers, data on client flows compiled by Bank of America showed. Thanks to retail demand, equity buying by all the firm’s clients rose last week to the highest level since late May. Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., says the tenacious retail buying is a sign the selloff that has wiped out $2 trillion from equity values may keep going until buyers are exhausted.
Bank of America Merrill Lynch’s equity and quant team say market signals from the ever-flattening yield curve are clear as day: stock markets are due to begin a new era of elevated price swings. “A flattening yield curve signaled a withdrawal of liquidity and over the last three cycles has preceded rising volatility by a few years,” the team, including Savita Subramanian, wrote in research this week. Bank of America’s call -- echoing others -- comes as investors scramble to judge whether the current turmoil in equity markets represents a blip or fundamental shift in regime.
Investors on Wall Street continue to contend with a choppy and uncertain trading environment, even among popular sectors like tech stocks. A growing chorus on Wall Street is sounding the alarm, with analysts at Morgan Stanley warning that the large-cap stocks in the S&P 500 are the only holdout from a “rolling bear market’ that has already savaged pretty much every other asset class, including small-cap stocks, high-yield bonds, and emerging market assets. The fact that the S&P 500 is once again below its 200-day moving average supports this thesis, weighed down by bank stocks.
In fact, early this year it was withdrawn because of “market conditions.” But it looks like the real reason for the decision was that the valuation of YETI stock was too aggressive. Yeti also has a direct-to-consumer, or DTC, channel that includes online and telesales.
Financial stocks fell sharply early Tuesday, as the global selloff in stocks sent investors into safe-haven Treasurys, pushing yields lower. The SPDR Financial Select Sector ETF dropped 1.6% toward a 13-month low in premarket trade. Among the ETF's (XLF) heavyweights, shares of J.P. Morgan Chase & Co. shed 1.8%, Bank of America Corp. declined 2.8%, Citigroup Inc. lost 1.8%, Goldman Sachs Group Inc. gave up 1.8% and Wells Fargo & Co. slumped 1.5%. Meanwhile, the yield on the 10-year Treasury note declined 5.7 basis points to 3.139%. Lower long-term interest rates can pressure bank earnings, as it narrows the spread between what makes earn on longer-term assets, such as loans, and what they pay on shorter-term liabilities. The XLF, on track to open at the lowest level seen during regular session hours since September 2017, has lost 6.6% over the past three months, while the S&P 500 has slipped 1.8%.
NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Major U.S. equities finished lower Monday on a combination of rising interest rates and global growth concerns. Investors await a flood of corporate earnings ...
While the Nasdaq ended the day with a gain, it still closed below its 200-day moving average line. Advanced Micro Devices (NASDAQ:AMD) was a big part of the reason the Nasdaq Composite was able to log a respectable gain yesterday. Rather, it’s stock charts of Western Union (NYSE:WU), Praxair (NYSE:PX) and Activision Blizzard (NASDAQ:ATVI) that offer the most potential to anyone looking for some action.
The latest on developments in financial markets (all times local): 4 p.m. Banks led a broad slide in U.S. stocks on Wall Street, giving the S&P 500 index its fourth straight loss. Bank of America and Citigroup ...