Prudential Plc’s Asian asset management unit, which profited from the rebound in 30-year Treasuries last month, has taken its money off the table with the view the three-week rally in U.S. government debt is coming to an end. Nicholas Ferres, who oversees multi-asset investments at Eastspring Investments in Singapore, unwound his holdings of 30-year bonds Friday and Monday, selling them at yields as low as 2.96 percent, after U.S. jobs and wage data backed the case for faster policy tightening.
Category: Financial Markets
Why Home Depot Inc Gained Just 1% in 2016
The performance gap meant that the retailer was one of the worst stocks on the blue chip index in 2016. That weak outing came even as revenue, earnings, and profitability all set record highs and as Home Depot widened its market share lead over its biggest national competition, Lowe’s .
Why Ariad Pharmaceuticals, VCA, and Exact Sciences Jumped Today
The stock market started the new week on a sluggish note Monday, and the broadest-based market benchmarks gave up ground as the Dow fell further away from the 20,000 mark. Even though the Nasdaq Composite climbed to new highs, a $2 per barrel plunge in the price of oil to fall below $53 weighed on sentiment.
Nasdaq Notches New All-time High; S&P 500, Dow Retreat
The Nasdaq Composite closed at a record on Monday after modest gains, but broader markets retreated, led by declines in energy and so-called defensive sectors. A sharp drop in crude-oil prices sent energy shares lower, down 1.4%.
Why Francesca’s Holdings Corp. Stock Popped Today
Specifically, Francesca’s now expects revenue in its fiscal fourth quarter — with ends Jan. 28 — to be in the range of $144 million to $146 million — narrowed from previous guidance, which called for $143 million to $148 million — assuming comparable sales ranging from a 1% decline to a 1% increase year over year. On the bottom line, that should translate to diluted earnings per share of $0.35 to $0.37.
Sell Dow Stocks Coke And Procter & Gamble, Says Goldman Sachs
The stocks of Coca-Cola Co. and Procter & Gamble Co. , both components of the Dow Jones Industrial Average , both slumped about 1% in morning trade Monday, after Goldman Sachs analysts turned bearish on the consumer staples giants.
Dollar Falls Against Yen on Risk Reduction; Sterling Sinks
The U.S. dollar slumped against the safe-haven yen on Monday on investors’ reduced appetite for risk, while sterling sank to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit. A fall in U.S. Treasury yields and U.S. stocks drove the dollar down as much as 0.6 percent against the yen to a session low of 116.16 yen.
Banks, Oil Stocks Hinder Dow’s Pursuit of 20,000
Declines in bank and energy companies weighed on Wall Street on Monday, distancing the Dow from the 20,000 mark, while gains in technology stocks pushed the Nasdaq to a record intraday high. Two-thirds of the 30 Dow components were lower, with Goldman Sachs’s 0.7 percent decline weighing the most.
7 Growth Investing Tips That Could Earn You Thousands
Successful growth investing entails identifying those elite businesses that are poised to deliver many years of consistently strong increases in revenue and profits. Companies that do tend to reward their shareholders with market-crushing returns.
Millennials may need to double how much they save for retirement
The projections are in and Wall Street analysts have pretty low expectations for how the stock market will perform this year. A roundup of the figures shows that strategists project the Standard & Poor’s 500-stock index will gain 4 percent on average in 2017 – the lowest expected annual gain for the stock market since 2005, according to an analysis by Bespoke Investment Group.
‘There’s room for the Dow to go above 20,000 without stretching the stocks’ historic boundaries.’
There’s room. There’s room for the Dow to go above 20,000 without stretching the historic boundaries of what stocks in the index can do.
European Stocks Called Firmly Higher Amid Pound Slump
European stocks are expected to open firmly higher Monday following a Friday record in the U.S. that saw the Dow Jones Industrial Average come within a whisker of the 20,000 barrier. Britain’s FTSE 100 will likely add around 0.32% at the start of trading, according to financial bookmakers IG, with similar percentage gains anticipated for benchmarks in Germany and France.
Asian Millionaires Fund European Soccer Teams in Hunt for Yield
Wealthy Asian investors unwilling to splurge on owning their own European soccer teams are showing their enthusiasm by helping fund the sport. Sales of football finance notes, backed by television rights of soccer clubs, doubled to $11 million last month from the amount issued in April, when they were opened to investors in the region, according to data from Swiss-Asia Holding Pte.
Will 2017 Be Philip Morris International, Inc.’s Worst Year Yet?
It’s no secret that the tobacco industry has gone through dramatic upheavals over the years, and that’s been especially true recently in locations outside the U.S. market. Globally, Philip Morris International has to deal with dozens of different regulators in order to make the most of its market opportunities in the countries it serves, and the financial complexities that a multinational has to deal with also leave the tobacco giant exposed to additional risk.
Top Oil Stocks to Buy in 2017
Between OPEC’s recent plans to decrease output by up to 1.2 million barrels per day, another nearly half-million barrels that some non-OPEC oil countries are set to cut, and a million-barrel drop in North American daily production since the peak in 2015, oil prices look poised to surge at some point in the next year or so. After all, global oil and refined product stocks won’t last forever, and while oil output has steadily fallen, consumption has increased.
Is JPMorgan Chase Stock a Buy in 2017?
Last year was a year to remember for bank stocks, many of which surged by double-digits after the presidential election in November convinced investors that profits in the industry could soon improve. But while 2017 offers a new slate of risks and rewards, it could turn out to be yet another very good year for the nation’s biggest bank by assets, JPMorgan Chase At the end of last year, the Federal Reserve raised the fed funds rate , the primary short-term interest rate benchmark in the United States, for only the second time since the financial crisis.
Promises, Promises: Can Trump Deliver for Investors?
In the week ahead, big banks release earnings, and Trump meets the press. Expectations are high, but traders could face disappointment.
Jim Cramer and Jack Mohr’s 2017 Market Outlook
The Dow failed to hit 20,000 on Friday, but what does the future hold? Well, Jim Cramer and TheStreet ‘s Chief Investment Strategist Jack Mohr, who co-manage our Action Alerts PLUS club, are out with their 2017 outlook. “I come in with the prospect of being bullish but don’t want to jump the gun,” Cramer said, adding that investors who own the stocks in the Action Alerts PLUS charitable trust shouldn’t sell any of them.
Too Few Stocks Doing Too Much: Jim Cramer’s Best Blog
Jim Cramer ponders how too few stocks are doing too much in the Dow’s race to 20,000 and how there isn’t enough GANG to go with all the FANG. Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
Why Regeneron Pharmaceuticals, Sears Holdings, and Shake Shack Slumped Today
Friday was another record day for the stock market, with the Dow climbing above 19,999 without quite making it the final point higher to 20,000 before falling back toward the end of the day. A mixed jobs report seemed to give investors the perfect balance between economic strength and weakness, and market sentiment remained positive to frustrate those who had anticipated a quick pullback from the post-election rally once 2017 began.
Why Pacira Pharmaceuticals, Inc. Shares Shot 17% Higher Today
Pacira Pharmaceuticals markets the surgical pain medicine Exparel, and growing demand for it helped the company produce $72.9 million in revenue during the fourth quarter, according to preliminary results.Exparel sales grew 6.3% year over year, to $71.4 million, bringing full-year 2016 sales to $265.8 million, up 10.8% from 2015. Overall, Pacira Pharmaceuticals’ revenue is expected to total$276.4 million, up 11% from 2015.
Rule Breaker Investing Opens Up to Q&A for Entrepreneur Month
In this episode, Motley Fool co-founder David Gardner answers questions that cover everything from investing during a recession to strengths and weaknesses, quarterly earnings, and of course, his favorite board games. 10 stocks we like better thanWal-Mart When investing geniuses David and TomGardner have a stock tip, it can pay to listen.
Why Pacira Pharmaceuticals, W&T Offshore, and Helen of Troy Jumped Today
The stock market climbed to new record heights on Friday, closing the week with favorable performance despite mixed employment numbers that showed sluggish job growth, but sharply higher wages. The Dow climbed to within a single point of the 20,000 mark before falling back slightly, but even with that slight disappointment, major market benchmarks were up as much as a full percent as the Nasdaq Composite climbed above the 5,500 mark.
Why Greenbrier Companies Inc Stock Jumped 18% on Friday
That’s curious, because relatively speaking, Greenbrier actually did not do particularly well last quarter. The company’s $0.79 in reported earnings was less than half what Greenbrier earned in the year-ago quarter, and fell $0.04 short of analysts’projected $0.83 in earnings.
U.S. Stocks Waver Between Modest Gains And Losses After Jobs Report
U.S. stocks wavered between modest gains and losses after Friday’s open following an upbeat report on U.S. jobs growth in December. The Dow Jones Industrial Average was flat at 19,903.
Stocks Slip on Slower Jobs Creation
The Dow Jones Industrial Average slipped 20 points, or 0.1%, to 19879 shortly after the opening bell. The S&P 500 declined 0.1%, and the Nasdaq Composite added less than 0.1%.
A Reduced Payout Could Be Imminent for These High-Yield Dividend Stocks
That is because both companies took an ax to their payouts in the middle of last year. However, despite the cut, each still offers investors a high yield of 7.8% at current prices.
4 Consumer Goods Stocks with the Biggest Revenue Growth Over the Last 10 Years
Revenue growth may not get the attention that earnings growth does. Profits ultimately determine a stock’s valuation, so it’s clear why the bottom line gets the bulk of investor focus.
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If you simply buy — without the use of any margin — the entire stock market via an index fund, it’s all but impossible to lose all of your money. Indeed, an index fund represents an ownership interest in a well-diversified group of U.S. businesses; the risk of total loss is vanishingly small.
Shares of W&T Offshore Soared in December. Is There Room Left to Run?
While the company released no significant news that would shift the trajectory of the business, the changes in oil prices did all the talking for this struggling company. Let’s be clear when we talk about W&T Offshore: This is a company that less than six months ago was on the cusp of bankruptcy.
Lansdowne’s $9 Billion Hedge Fund Suffers First Loss Since 2012
Lansdowne Partners LP’s main hedge fund lost almost 15 percent in 2016, its first loss in five years as wagers on equity markets failed to pay off, according to an investor letter. The $9 billion Lansdowne Developed Markets Fund gained 3.8 percent in December, failing to recoup losses earlier in the year, the letter shows.
European Stocks Open Lower as Investors Prep for U.S. Jobs Report
European stocks opened lower Friday as investors adopted a defensive stance ahead of key U.S. employment data amid a pullback in the dollar and increasing questions over the recent ‘Trump Rally’. The region-wide Stoxx 600 index, the broadest measure of European shares, slipped 0.2% by 08:30 GMT as benchmark indices drifted modestly lower across the board.
Trader Who Bet on Gradual Yuan Decline Now Sees Steeper Drop
Last year, Benjamin Fuchs’s $2 billion hedge fund prospered by betting against a sudden yuan devaluation. Now, he says forces are lining up that are increasing the odds of steep declines.
Li Ka-Shing Sees Hong Kong Property Prices Rising Amid Curbs
Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the stamp duty to 15 percent for all residential purchases, excluding first-time buyers who are permanent residents.
Tableau Software, Inc. May Have a Tough 2017 Ahead
Shares lost over half of their value, with most of that decline occurring in February when the data-visualization specialist reported disappointing earnings alongside weak guidance. A handful of big-data stocks got crushed that day, as investors feared Tableau’s woes were not isolated to the company itself, but instead potentially spelled trouble for the sector.
Why Kohl’s, Gartner, and Constellation Brands Slumped Today
The stock market didn’t move much on Thursday, with major market benchmarks finishing the day mixed and with minimal changes from Wednesday’s close. The mood of the market was less positive than investors had seen in previous days, with various news items calling into question whether the upbeat attitude that market participants had had coming into 2017 will actually pan out with improved economic growth and corporate profits.
U.S. Markets, Stock ETFs Slip As Traders Turn Cautious
U.S. equities and stock exchange traded fund pulled back Thursday as bank stocks dropped the most since September and consumer discretionary names retreated on concerns over major retailers.
The Fed’s Dot Plot: The Most Important Chart for Bank Stocks
If you have any interest in bank stocks, then I have a chart you’re going to want to see. It’s called the dot plot.
Stocks Wobble as Retailers Suffer From Weak Holiday Season
Stocks wobbled between gains and losses on Thursday morning after retailers suffered from a poor performance over the critical holiday-shopping season. The S&P 500 was down 0.03%, the Dow Jones Industrial Average fell 0.05%, and the Nasdaq climbed 0.2%.
Here’s When to Buy Chevron, IBM, 3 More High-Yielding Dow ‘Dogs’
It’s that time of year again — every January, scores of investors flock to the “Dogs of the Dow.” But this year a twist on the typical Dow Dogs strategy is providing a big opportunity for investors who are paying attention to the price action.