|Bid||28.70 x 900|
|Ask||37.68 x 1200|
|Day's Range||37.26 - 38.09|
|52 Week Range||27.90 - 41.00|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||17.09|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.16 (0.42%)|
|1y Target Est||43.92|
[Editor's note: "3 Different Ways for Newcomers to Buy S&P 500 Stocks" was previously published in July 2019. It has since been updated to include the most relevant information available.]If you're new to investing, one of the best ways you can dip your toe into the water is to buy a mutual fund or exchange-traded fund (ETF) that invests in all 505 of the S&P 500's stocks. Your first question: What is the S&P 500? Your second question: How come there are 505 stocks, not 500? Both are relatively painless questions to answer.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirst, the S&P 500 represents 500 of the largest and most established companies listed on a U.S. stock exchange. You're likely familiar with many of the index's constituents. The S&P 500's largest company by market capitalization [share price multiplied by number of shares outstanding] is Microsoft (NASDAQ:MSFT) at $1.075 trillion. Warren Buffett, one of the most successful investors of all time, has said that most investors should simplify their investments to deliver better long-term returns. He put it this way in his 2013 annual letter to shareholders:"My advice [to the trustee] couldn't be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard's.) …I believe the trust's long-term results from this policy will be superior to those attained by most investors -- whether pension funds, institutions or individuals -- who employ high-fee managers."Low costs and few moving parts win the game in the long run.The second question requires much less legwork. There are 505 stocks in the index because some of the companies, such as Buffett's Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B), have more than one class of shares, which means Berkshire Hathaway counts as two holdings, not one.Simple, right? * 7 Stocks to Buy With Over 20% Upside From Current Levels Now that I've answered the two questions, I better cut to the chase by providing readers with a short list of easy ways to buy S&P 500 stocks. Option No. 1: The SPDR S&P 500 ETF (SPY)Source: Shutterstock Launched in 1993, SPDR S&P 500 ETF (NYSEARCA:SPY) is the oldest ETF in the U.S. It also happens to be the biggest with $268 billion in assets. As you probably expected, it has 500 holdings, but you may be surprised to hear that the SPY ETF currently pays investors a dividend yield of 1.9% to hold it. And that's all for the expense ratio of 0.09%, or $9 per $10,000 invested per year.However, remember what Buffett said about low-cost funds. It's not the cheapest of the ETFs tracking the S&P 500, but it is the most popular. And it has stood the test of time. Option No. 2: Vanguard S&P 500 ETF (VOO)Source: Shutterstock Two of the next three largest U.S.-listed ETFs also invest in every one of the S&P 500 stocks -- the Vanguard S&P 500 ETF (NYSEARCA:VOO) has $115 billion in assets and charges 0.03%. This used to be 0.04%, until Vanguard cut the fees on three of its most popular products -- including the VOO ETF. * 7 Stocks to Buy In a Flat Market As Vanguard's literature points out, this fund is "more appropriate for long-term goals where your money's growth is essential." It makes a great base holding. Option No. 3: Buy Buffett's Stock (BRK.B)Source: Shutterstock Berkshire Hathaway has often been compared to a very large mutual fund because it owns $216 billion worth of publicly traded stocks, most of them part of the S&P 500.However, in addition to the equities, owners of the stock get a small piece of hundreds of private companies operating in all kinds of different sectors of the economy. The best part: Buffett won't charge investors annual fees to own his stock. He'll just deliver long-term returns that handily beat the S&P 500. From 1965 to 2017, Berkshire Hathaway stock's generated a compound annual growth rate of 20.5%, more than double the S&P 500. These three options plus mutual funds that track the S&P 500 index (they're slightly more expensive than ETFs) will get the job done while letting investors who buy them sleep easier at night. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal The post 3 Different Ways for Newcomers to Buy S&P 500 Stocks appeared first on InvestorPlace.
Quanta Services' (PWR) three accretive acquisitions are likely to unlock significant opportunities, given strong end-market growth dynamics.
HOUSTON, Sept. 10, 2019 /PRNewswire/ -- Quanta Services, Inc. (PWR) announced today that its operating subsidiary, Valard Construction (Valard), was selected by Wataynikaneyap Power LP to provide engineering, procurement and construction (EPC) solutions for the Wataynikaneyap Transmission Project (Watay Project) in Northwestern Ontario, Canada. Wataynikaneyap Power is a licensed transmission company, regulated by the Ontario Energy Board, and majority-owned by a partnership of 24 First Nation communities in partnership with Fortis, Inc. and other investors. The contract value for the project makes it one of the largest projects ever awarded to Quanta.
HOUSTON, Sept. 9, 2019 /PRNewswire/ -- Quanta Services, Inc. (PWR) announced today that it has completed the acquisition of The Hallen Construction Co., Inc. (Hallen), a leading and sizeable gas utility contractor serving key strategic markets in the northeast United States. Additionally, Quanta recently completed the acquisition of two specialty utility foundation and pole-setting contractors serving the southeast United States. The aggregate consideration paid for these companies was approximately $330 million, consisting of approximately $328 million in cash, subject to working capital adjustments, and approximately $2 million in stock.
Jacobs Engineering Group (JEC) is set to improve the Wetland/Electro-Coagulation Treatment Facility that will be used for cleaning the Kaiser Aluminum (Mead Works) Superfund site in Washington.
Quanta Services (PWR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
HOUSTON, Aug. 30, 2019 /PRNewswire/ -- Quanta Services, Inc. (PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.04 per share. Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the electric power, energy and communications industries, including design, installation, repair and maintenance. With operations throughout the United States, Canada, Latin America, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope.
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ACK Asset Management was founded back in 2005 by Richard S. Meisenberg and John Henry Reilly III, who are also the fund’s co-portfolio managers. Prior to founding ACK Asset Management, Richard Meisenberg worked as an analyst at Oppenheimer & Co. and Smith Barney, and he was a founding partner at Palisade Capital Management. John Henry […]
Altair Engineering (ALTR) is likely to benefit from solid growth in software products during the second quarter. However, incremental costs raise a concern.
Focus on high-value businesses and cost-saving initiatives are likely to aid Jacobs' (JEC) fiscal Q3 results. However, tough comps and transaction-related charges pose risks.
Quanta Services (PWR) delivered earnings and revenue surprises of -63.10% and -1.78%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Record Quarterly Electric Power Revenues and Second Quarter Pipeline and Industrial Revenues Raising Full-Year Revenue Guidance Record Total Backlog of $12.8 Billion Second Quarter GAAP Diluted EPS of ...