|Bid||172.16 x 1800|
|Ask||172.20 x 800|
|Day's Range||171.14 - 172.56|
|52 Week Range||143.46 - 187.53|
|PE Ratio (TTM)||4.52|
|Beta (3Y Monthly)||1.10|
|Expense Ratio (net)||0.20%|
Brent crude oil rallied to a near-four-month high after reports that Russia would accelerate its OPEC+ production cuts, but oil dropped after the U.S. posted disappointing Retail Sales data for December, along with elevated Jobless Claims. Separately, Saudi Aramco is reportedly seeking to raise $10 to $15 billion in the international debt markets with the help of a consortium of banks, including JP Morgan, Morgan Stanley, Citigroup and HSBC. Yahoo Finance's Alexis Christoforous and Jared Blikre break it down.
The New York Federal Reserve's recession indicator now stands at 24%, indicating the average spread between the 13-month Treasury Bill and the 10-Year Treasury Note have compressed to levels seen in advance of certain prior recessions. Separately, Yahoo Finance's Julia La Roche interviewed Jeffrey Gundlach, who said his recession indicators are flashing yellow-green. Yahoo Finance's Alexis Christoforous and Jared Blikre break it down. Read Julia's article here.
Is Warren Buffett Still Optimistic about Apple?Warren Buffett On February 14, Berkshire Hathaway (BRK-B) released its fourth-quarter 13F. The company trimming its stake in Apple (AAPL) and exiting Oracle (ORCL) were the most notable changes.
Warren Buffett's Investments: Did He Play It Safe in Q4?(Continued from Prior Part)Warren BuffettAs we discussed in the previous part, Berkshire Hathaway (BRK-B) lowered its stake in Apple (AAPL) slightly in the fourth quarter. Warren
Warren Buffett's Investments: Did He Play It Safe in Q4?(Continued from Prior Part)Apple stake In the fourth quarter, Berkshire Hathaway (BRK-B) trimmed its stake in Apple (AAPL) ~1.0%. Warren Buffett started buying Apple in 2016. Berkshire Hathaway
Is 2019 Bill Ackman’s Comeback Year after a Series of Losses?(Continued from Prior Part)Automatic Data ProcessingAutomatic Data Processing (ADP) is another key holding of Bill Ackman’s Pershing Square. Pershing lost a proxy battle with ADP in
The bearish arguments are clear and compelling -- and the easy thing to do is to be more cautious and take some defensive action. If you have had some good gains in recent weeks, the prudent move is to protect them. There is only one problem: The market continues to hold up quite well and the potential for a breakthrough on China trade is providing support.
Is 2019 Bill Ackman’s Comeback Year after a Series of Losses?(Continued from Prior Part)Holdings driving Pershing Square’s outperformance In Pershing Square’s latest shareholder letter, Bill Ackman explained what’s been driving
Is 2019 Bill Ackman’s Comeback Year after a Series of Losses?(Continued from Prior Part)Years of losses for AckmanPershing Square had a series of disappointing years, with losses of 20.5%, 13.5%, 4%, and 0.7%, respectively, in 2015, 2016, 2017,
US-China Trade Deficit Narrows: Will It Please Trump?(Continued from Prior Part)US-China trade surplus As we discussed in the previous part, China’s January trade data were better than expected for imports and exports. While China’s exports
Is 2019 Bill Ackman’s Comeback Year after a Series of Losses?Pershing Square’s performance 2018 turned out to be a dismal year for hedge funds. The poor performance of hedge funds also led to large investor redemptions. Due to years of
A key level within this range is $172.20 which is the price at which the ETF reaches the bull market threshold 20% above its Dec. 24 low of $143.46. While impressive, QQQ will still be 8.2% below its Oct. 1 high of $187.63. What this means is that a bear market rally can reach bull market territory and still be below the all-time intraday high.
Activision Blizzard Surges Even as Analysts Lower Target PriceActivision Blizzard Activision Blizzard (ATVI) released its fourth-quarter earnings yesterday after the markets closed. The company’s earnings were largely in line with estimates.
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
March Deadline Could Be Relaxed for ‘Biggest Deal Ever Made'(Continued from Prior Part)Trump As noted in the previous article, US President Donald Trump has said that he would consider relaxing the March 2 deadline for increasing tariffs on
Barrick Gold Tanks on Mixed ResultsBarrick Gold’s Q4 2018 earnings Barrick Gold (GOLD) reported its Q4 2018 and 2018 results today before markets opened. It reported adjusted EPS of $0.06 for Q4, slightly beating the consensus estimate of $0.05.
Why Paul Volcker Is Unhappy with Trump’s Tax and Trade PoliciesPaul Volcker unhappy with tax reform Speaking to the founder of Bridgewater Associates, Ray Dalio, former Federal Reserve Chairman Paul Volcker took Trump and other US lawmakers to
Dan Loeb's Third Point Had a Weak 2018: Will 2019 Be Any Better?(Continued from Prior Part)Third Point cuts tech exposure In its third-quarter letter to investors, Third Point said that it reduced its “tech exposure meaningfully.” It is probably
Strong Case for Gold over Bonds and Stocks? Bernstein Thinks SoGold’s gains Gold’s price (GLD) saw its fourth consecutive positive monthly return in January. It rose ~3% in the month after its rise of 4.9% in December. The major driver of
Dan Loeb's Third Point Had a Weak 2018: Will 2019 Be Any Better?Third Point’s performance 2018 turned out to be a dismal year for hedge funds. The poor performance of hedge funds also led to large investor redemptions. Daniel Loeb’s Third Point