It was a broadly positive, but not spotless, outlook, and investors in companies like Early cycle oil markets are seeing an encouraging “start of a recovery.” It’s marginally positive for Dover Corp, but definitely positive for GE.
Category: Financial Markets
The Most Important Part of Bank of America’s Earnings Report
There are plenty of reasons for investors to be happy with the bank’s performance — for example, the charge-off ratio sank to a historic low, expenses are down, and although they’re not quite where they need to be, the bank’s return on equity and return on assets are starting to look more respectable. However, there’s one piece of information from the bank’s earnings report you should pay close attention to.
Is Biogen’s Stock Ready to Heat Up After a Forgettable 2016?
The underlying reason for this dip is the biotech’s inability to shake off the political turmoil surrounding specialty-drug prices last year. And that’s not exactly surprising, given that Biogen’s flagship multiple sclerosis drug Tecfidera relied heavily on price increases to drive sales growth in the U.S. in 2016.
The Impressive Dividend History of Vanguard High Dividend Yield ETF
Dividend investors rely on the income that their investments produce, and many have turned to the Vanguard High Dividend Yield ETF as an easy way to invest in a diversified portfolio of high-yielding dividend stocks. Over the course of time, the Vanguard ETF has managed not only to deliver on its promise of paying healthy levels of dividend income, but also to increase its dividends over time.
Bank Earnings Boost S&P and Nasdaq, Retailers Weigh on Dow
The S&P 500 and Nasdaq were higher in late morning trading on Friday as strong earnings from large U.S. lenders bode well for the rest of the earnings season. The Dow’s gains were comparatively lesser, held back by a drop in consumer stocks after a report showed U.S. retail sales and core retail sales increased less than expected in December.
The 3 Biggest Surprises From Silver Stocks in 2016
Downtrend no more! Silver ended a three-year slide in 2016, with physical silver increasing by roughly 15% from where it began the year. Nonetheless, ending the year at $15.90 per ounce is still a far cry from the $48.28 per ounce closing high struck in April 2011.
Are Higher Interest Rates Good for Bank Stocks? Its Complicated, Says Analyst Dick Bove
Whether higher rates are good or bad for a particular bank depends on a balancing act. Image source: iStock/Thinkstock.
Bank of America Kicks Off Bank Earnings With a Profit Beat
Bank of America said its fourth-quarter profit rose 43% as its trading desk benefited from the uncertainty caused by Donald Trump’s surprise election. Quarterly profit at the Charlotte, N.C.-based bank grew to $4.7 billion, from $3.28 billion a year earlier.
Market Recon: Now Our Attention Turns to Earnings Season
“I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.” — Milton Friedman The markets are coming off of a wild Thursday session that saw equities sell off rather harshly and then rally most of the way back.
Are Banks Setting Us Up for a Letdown?
Friday is the day the bank earnings start to roll in. Based on the fact that everyone is bullish on the banks, I sure hope these folks beat, raise and guide much higher.
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The retail sector has been a treacherous one over the past few years, due to heavy competition from e-tailers and cutthroat competition among brick-and-mortar players. Therefore, it’s easy for investors to step on landmines across the sector if they’re not careful.
Traditional Retailers Are Doing Even Worse Than You Think
It was a rough 2016 holiday season for brick-and-mortar retailers. Department store shares got thumped last week after Macy’s both lowered their full-year earnings guidance and said their comparable-stores sales dropped.
Why ClubCorp Holdings Inc. Stock Popped Today
Following a Reuters report early in the day that ClubCorp is in the early stages of selling itself, ClubCorp effectively confirmed the news in a press release saying it is “reviewing strategic alternatives.” ClubCorp has formed a strategic review committee to tackle the task, and has enlisted Jefferies and Wells Fargo Securities as financial advisors during the process.
A Nasdaq Record Abruptly Ended on Thursday
A selloff in financials and tech stocks on Thursday dragged Wall Street lower and put an end to a record-breaking streak for the Nasdaq. The Nasdaq fell 0.29%, backing away from a run that saw the index close at records for five consecutive trading days.
3 ETFs to Buy If You Think Bank of America Beats Q4 Earnings
Bank of America is set to benefit as the Federal Reserve continues to raise interest rates. Here are three ETFs that may benefit if investors like fourth-quarter results.
The ‘Trump Rally’ in Stocks Is Ending — Here’s How You Can Profit
The recent surge in global financial, telecom and energy stocks after Trump’s election is coming to an end. Here are a few promising sectors if mean reversion comes into play.
European Stocks Called Lower as Dollar Tumbles Following Trump Press Conference
European stocks are expected to open lower Thursday as investors react to a slide in the U.S. dollar and a renewed rally in fixed income markets following the President elect Donald Trump’s first press conference since winning the November elections. Britain’s FTSE 100 , fresh off its twelfth consecutive closing high Wednesday, is likely to drift a few points lower at the open, according to financial bookmakers IG, with similar declines called for the DAX and CAC-40 benchmarks in Germany and France.
Asian shares mixed after Trump offers scant policy details
A man stands in front of an electronic stock board showing global stock indexes at a securities firm in Tokyo, Thursday, Jan. 12, 2017. Asian shares were mixed Thursday following President-elect Donald Trump’s press conference.
Trump Concerns Have Hedge Fund Investor Lifting China Allocation
As U.S. stocks rally on optimism Donald Trump’s presidency will be good for growth, hedge fund investor Ronnie Wu is looking on warily. Wu, who oversees $350 million at Penjing Asset Management Ltd. in Hong Kong, is concerned Trump’s mix of tax cuts, deficit spending and protectionism will hurt trade and spur higher inflation and interest rates, threatening global growth.
Yen Gains, Japan Stocks Drop After Trump Comments: Markets Wrap
The yen strengthened for a fourth day and Japanese stocks retreated after Donald Trump’s first press conference since his election victory gave scant detail on policy. Shares of commodity producers climbed after crude oil surged.
UnitedHealth Group: Jim Cramer’s Top Takeaways
No one know what will happen with health care once Donald Trump takes office, Jim Cramer told his “Mad Money” viewers Wednesday night, but that doesn’t mean there aren’t ways to make money in health-care stocks. For months now, the mantra has been “repeal and replace” when it comes to Obama’s Affordable Care Act.
Why Perrigo, Novadaq Technologies, and Ethan Allen Interiors Slumped Today
Wednesday was a strong day for the stock market, as the Dow finished up nearly 100 points and the S&P 500 and Nasdaq both posted gains as well. Investors remained generally upbeat about the prospects for the U.S. economy in 2017, and a rise in crude oil prices helped lift the energy sector higher during the market session.
How 8×8, Inc. Gained 27% in 2016
The provider of internet-based voice and communications services put together a remarkable financial record last year. 8X8 beat Wall Street’s earnings and sales estimates handily in each one of the year’s quarterly reports,citing strong organic revenue growth among larger customers along the way.
Will Goldman Sachs Raise Its Dividend in 2017?
With the highest share price among the Dow 30, Goldman is responsible for more than 8% of the value of the price-weighted index, and that gives it more power over the movements of the Dow than the six cheapest Dow stocks combined. That said, dividend investors aren’t all that happy with Goldman Sachs, because its current dividend yield is puny, resting just above the 1% mark.
Long-Short Hedge Funds Are Ditching the Shorts to Focus on Longs
What happens when you take the “short” out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG show.
Why Jim Cramer Remains Cautious on Delta
While the airline sector may look attractive, not all the stocks are the same. That’s one reason Cramer remains cautious on Delta.
European Stocks Turn Positive as Pound Slump Lifts FTSE, Kremlin Denial Boosts Dollar
European stocks rebounded after a renewed slump in the pound and a Kremlin denial that Russian officials had built a dossier of compromising information on President elect Donald Trump. European stocks turned positive Wednesday after a renewed slump in the pound and a flat denial from the Kremlin that Russian officials had built a dossier of compromising information on President elect Donald Trump.
Trump’s Stimulus Plan Will Likely Help Airline Stocks, Analyst Says
If Donald Trump’s fiscal stimulus plans are enacted, demand for air travel should increase, boosting airline shares, says Deutsche Bank’s airline analyst. A veteran airline industry analyst said Trump administration plans for fiscal stimulus will likely lead to higher demand for air travel.
China’s $3.8 Trillion Wealth Products Reel Amid Bond Rout
China’s bond market is facing more turbulence as banks scramble to avoid losses on wealth management products that raised $3.8 trillion from the nation’s savers. The investment plans typically use leverage to boost returns on the 56 percent of their holdings parked in fixed-income securities.
Fed on Edge as Trump Growth Bump Boosts Risks of Rate-Hike Error
To err is human. To err when you’re the Federal Reserve means national wealth gets destroyed and millions of people lose their jobs.
Valeant Sells $2.1 Billion in Assets to Ease Debt Burden
Valeant Pharmaceuticals International Inc. agreed to sell about $2.1 billion in assets in two deals, an important first step in the struggling drugmaker’s endeavor to get cash and begin easing its debt burden. L’Oreal SA, the Paris-based cosmetic giant, will pay Valeant $1.3 billion for three skin-care brands, according to a statement Tuesday.
Gross Says 10-Year at 2.6% Is a Bigger Deal Than Dow at 20,000
Investors should watch for 10-year Treasuries to move above 2.6 percent, a threshold that would mark an end to the three-decade bond bull market and be a more important barometer than the Dow Jones Industrial Average passing 20,000, according to billionaire bond manager Bill Gross. “It is the key to interest rate levels and perhaps stock price levels in 2017,” Gross, manager of the $1.8 billion Janus Global Unconstrained Bond Fund, wrote in a monthly investment outlook released Tuesday.
Nasdaq Hits Another Record
The Dow Jones Industrial Average slipped 32 points, or 0.2%, to 19856, after rising within 50 points of the never-before-reached 20000 level earlier in the session. The S&P 500 was flat, and the Nasdaq Composite rose 0.4%, a fresh record.
Stocks Add to Gains as Nasdaq Sets Another High
The S&P 500 was up 0.3%, the Dow gained 0.25% to 19,935, and the Nasdaq added 0.5%, trading at an intraday high of 5,559. The Dow has struggled to breach 20,000 in recent days after coming close to the milestone on Friday.
London’s FTSE 100 Marches to Historic Gains, Europe Stocks Broadly Higher
London’s FTSE 100 recorded its longest-ever winning streak and a new record high on Tuesday as miners rallied. London’s FTSE 100 notched its longest run of gains in its 33-year history on Tuesday, to close up 0.60% at a new record of 7,280, while the domestic FTSE 250 index inched toward its own previous record high.
Use a Value Momentum Investing Strategy This Year
Before I move on from reviewing 2016, I want to take a look at which models performed best during the year and how those top performers look as 2017 begins. The top performing model last year was made of stocks trading below book value that had high F-scores and high Altman Z-scores.
Rev’s Forum: Climbing Nasdaq Index Hides a Broader Truth
The main story of the market recently is that while the Nasdaq is hitting new all-time highs the other major indices have been churning and making little progress. This is caused by a narrowing of market leadership.
European Stocks Slip, FTSE Edges Higher Amid Pound’s Renewed Slump
European stocks traded lower Tuesday but a renewed fall in the British pound helped lifted the U.K. benchmark to another all-time. European stocks traded lower Tuesday but a renewed fall in the British pound helped lifted the U.K. benchmark to another all-time.
VietJet Forecasts 30% Profit Rise Ahead of February Listing
VietJet Aviation Joint Stock Co., the Vietnam carrier known for its bikini-clad flight attendants, expects profit to surge 30 percent this year on rising passengers as it prepares for its Ho Chi Minh City Stock Exchange listing debut in February. A total of 23 overseas investors bought 66.5 million shares — equivalent to about 14 percent of VietJet — during a pre-listing stake sale last month, billionaire founder Nguyen Thi Phuong Thao said.
Australian Bank Shares Are Soaring So Fast, You Could Get a Nosebleed
One of the fastest rallies for Australian banks in six years is prompting fund managers to stop and catch their breath. Randal Jenneke of T. Rowe Price is pausing after moving overweight in the banking sector before the U.S. elections.