|Bid||246.30 x 100|
|Ask||246.34 x 200|
|Day's Range||245.76 - 248.03|
|52 Week Range||212.62 - 263.37|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.04%|
The Bureau of Labor Statistics released its JOLTS (Job Openings and Labor Turnover Survey) data for January on March 16. According to the report, the total number of job openings on the last day of January was 6.3 million, an impressive increase from the 5.6 million job openings seen in December, and the highest reading since the beginning of the survey in 2000. JOLTS data is collected through a monthly survey of job openings, number of new employees hired, number of employees who have quit or have been asked to leave, and other job separations.
Market timing is generally agreed to be extremely challenging. Yet seasonal factors do persist in the market over time and could offer you a slight edge when buying or selling.
Index funds, index funds, index funds says billionaire Warren Buffett. But what else should you buy for retirement?
ADP, a human capital management solution provider, releases a monthly report on US non-farm employment. This report contains changes to the level of hiring and employment across different sectors in the United States. Due to its presence in multiple countries, ADP has a unique insight into the trends in employment markets. Its monthly report is prepared by using actual, anonymous payrolls data of 411,000 US clients that ADP services.
The S&P 500 Index (SPY) has officially undergone a correction in February. Panic selling triggered by increasing bond yields led to a correction of more than 10% for the S&P 500 Index. This would represent the first negative monthly close for the S&P 500 Index in 12 months.
Earlier in the series, we discussed the role of Amazon (AMZN), Microsoft (MSFT), and Netflix (NFLX) in the S&P 500’s advance in 2018 to date. This statement reflects investors’ sentiment that the technology sector’s dominance in the S&P 500 Index (VOO) is a worrying sign as an improvement in the economy is likely to lift stock prices of manufacturers, commodity producers, and oil companies whose top-line typically improves when the economy strengthens.
In this annual letter to shareholders, Warren Buffett explained a bet between him and his counterpart, Protege Partners, to fund a charity, Girls Inc. of Omaha. In 2007, both of them invested in half a million worth zero-coupon bonds (SHY) that would mature in ten years and would increase to $1 million. A zero-coupon bond does not bear any interest, but it is sold at a discount to compensate for interest.
In his latest shareholder letter, dated February 24, legendary investor Warren Buffett shared his views on financial markets. From this letter, newswires around the world picked up on one headline: his caution about long-term investment in the US bond (BND) market. The underlying message in that statement could be a challenge to the view that looks at investments in the bond market (AGG) as safer than investments equity (IVV) markets.
Despite the cautious sentiment hovering around the tech sector, it rose 2.4% as of February 14 in 2018, while the S&P 500 Index (VOO) advanced only 0.2%. Citing Nicholas Colas, a DataTrek strategist, Barrons wrote that the resilience in the tech sector could be largely attributed to two stocks: Microsoft (MSFT) and NVIDIA (NVDA).
Apple stock rose 3.4% and contributed the most to the S&P 500 Index (VOO) gains. Both Cisco and Microsoft recently announced better-than-expected earnings that not only provided a stimulus to their stocks but also to the overall market in general.
The popularity of exchange-traded fund (ETFs) grows by the day. These baskets of stocks, bonds and other assets offer low costs, intraday tradability and plenty of diversification. They’re wide-scale investments at the push of a button. No wonder investors big and small, across the globe, have poured more than $4 trillion in assets into ETFs.
Earlier in the series, we discussed how Apple, Google (GOOG), Amazon (AMZN), Microsoft (MSFT), and Facebook (FB) contributed to the S&P 500’s (VOO) momentum. The tax plan is expected to favor the tech sector in general, as this sector has abundant cash reserves. Despite sitting on huge cash reserves, the IT sector has paid the least taxes on average in the last five years.
The downward earnings revisions of the semiconductor sector, which has been underperforming since November 2017, was the primary reason for the downgrade of the tech sector. During its fiscal 1Q18 earnings report, on February 1, 2018, Apple (AAPL) gave lower-than-expected guidance for iPhone sales for the March quarter. The index plans to replace its existing telecommunication services sector with a communication services sector, which brings telecommunication, tech, media, and entertainment companies under one umbrella.
FireEye launched Helix in early 2017, which spurred upgrades from several industry analysts and research firms like Morgan Stanley (MS) and Goldman Sachs (GS). The adoption of new offerings like the Helix platform and cost-cutting initiatives were the key reasons for Morgan Stanley’s optimism in the company’s early turnaround. Meanwhile, data breaches like Equifax and sophisticated cyberattacks like WannaCry and Petya have highlighted the inability of organizations to shield themselves from evolving cyber threats.
The International Monetary Fund expects the US economy to grow 2.7% in 2018 and 2.5% in 2019. The simultaneous growth could have a huge positive impact on the stock markets around the world. In the United States, recent tax reform legislation could result in healthy corporate earnings growth.
The ultra-loose monetary policies that have been in vogue for many years have helped jack up prices of all the asset classes. Real estate prices, as represented by the S&P CoreLogic Case-Shiller US National Home Price Index, have risen 36% during the past five years, and the stock market (QQQ), represented by the S&P 500 Index (SPX-INDEX) (SPY) has surged a whopping 91.5%. Lower interest rates and easy liquidity were the main drivers fueling a sharp rally in stocks (DIA) (VOO) and real estate.