So the stock market partied on, with the Dow Jones Industrial Average topping 27,000 and the S&P 500 index eclipsing 3000, after Jerome Powell, the current Fed chairman, all but confirmed in congressional testimony that the central bank will be lowering its key federal-funds target at its next policy meeting at the end of the month. Lower rates would help offset the uncertainties resulting from slower global growth, Powell said, cheering risk markets and sending stocks to new highs. Notwithstanding Martin's puritanical tendencies, Fed bosses haven't always been so abstemious in their policy prescriptions.
The e-commerce site — based out of Seattle, Wash. — is offering a large number of deals during its annual Prime Day, which is taking part on July 15th and July 16th, which are this coming Monday and Tuesday. Grills: We all want to have fun in the sun, but you're better off buying a grill on or around Labor Day. Apple products: There are plenty of great electronics to be found with Amazon, but actual Apple products can be acquired for cheaper if you go to Best Buy, Target or Walmart.
On one hand, if a stock is heavily shorted, it means that a bunch of investors are betting on the stock going down. On the other hand, if a stock is heavily shorted, it can mean that very few investors believe the stock is going to go up. Thus, if the bear thesis falls apart and things start to improve at the company, the heavily shorted stock will surge, assisted by a short squeeze as investors rush to cover their short positions.
Andy Wong, fund manager at LW Asset Management, discusses his asset allocation after the G-20 meeting, Chinese A and H shares and where he's finding opportunity. He speaks on “Bloomberg Markets: China Open.
Kenwell argues that despite having $167 billion in debt — most of which was added to buy Time Warner — the cash flow the content creator delivered to AT&T more than makes up for the additional leverage. And let's not forget once more that juicy 6% yield — a dividend payment that has been increased for 35 straight years — makes America's largest wireless carrier an income investor's dream stock. Best Dividend Stocks to Buy for the Rest of 2019 and Beyond I'm here to say that investors should never buy AT&T stock for its 6% yield.
BAC Is a $40 Stock Bank of America has beaten the analysts' earnings for four consecutive quarters. In its first quarter of 2019, BAC was expected to deliver 66 cents a share; it came in at 70 cents, 6.1% higher than the consensus estimate. I would be shocked if it didn't deliver a fifth straight positive earnings surprise.
Even a weaker-than-expected Old Navy still likely supports the entire valuation of GPS stock at the moment. The balance sheet is in good shape, and free cash flow continues to be impressive. Income investors can get yield now — and if all goes well, by next year own growth at Old Navy and income from the company's other brands.
Is it possible to have a comfortable retirement on Social Security alone? This is an urgent question because—although saving for retirement should be at the top of everyone's financial to-do list—for many Americans it often ends up slipping through the cracks. According to a 2019 report by the Insured Retirement Institute, 45% of baby boomers have no retirement savings whatsoever.
Let's look at a few top stock trades for next week. Top Stock Trades for Monday #1: Johnson & Johnson Shares of Johnson & Johnson (NYSE:JNJ) were smacked lower on Friday, falling over 4%. The stock is approaching the same level we flagged earlier in the year, near $130.
Here are eight of the best Fidelity index mutual funds and ETFs. For investors seeking exposure to the S&P 500, Steve Azoury, president of Azoury Financial in Troy, Michigan, likes FXAIX, calling it "a nice index fund that is very consistent with very low fees." It has an extremely low expense ratio of 0.015%, or $1.50 for every $10,000 invested annually.
The Boeing 737 Max needs to return to service by the fourth quarter or else airlines could make plans without the jet in 2020. "We acknowledge that returning to service in 4Q19 is important so that airlines don't start making different plans for Summer 2020," Citigroup analysts wrote in a note Friday. But Boeing 737 Max customers are pushing their timelines deeper into Q4.
The retail apocalypse isn't showing any signs of slowing down. Six months into 2019, there have already been 20% more store closings announced than in all of 2018, according to a new report from global marketing research firm Coresight Research. Based on Coresight Research's figures and retailers' earnings reports, more than 7,000 stores are slated to shutter this year with thousands of locations already gone.
Best Dividend Stocks to Buy for the Rest of 2019 and Beyond That's huge growth. Big enough to warrant buying and holding some EV stocks for the next decade. Tesla (TSLA) At the top of this list of EV stocks to buy for the future of transportation, we have global EV leader Tesla (NASDAQ:TSLA).
One of the world's largest companies — Apple (NASDAQ:AAPL) — with one of the biggest net cash balances ever — $122 billion — continues to promise that it will be “net cash neutral” over time. At this point in time, it seems the smartest path forward would be for Apple to use that $122 billion on a big-time acquisition. While the company has nice growth initiatives through new hardware like the Apple Watch and services businesses like Apple Pay and the App Store, none of those new initiatives are groundbreaking enough to fully replace what will soon be a flat iPhone business.
Federal Reserve Bank of Richmond President Tom Barkin discusses downside risks to the economy, business confidence, the effectiveness of an interest rate cut, and increasing inflation. He speaks with Bloomberg's Michael McKee from the Rocky Mountain Economic and Entrepreneur Summit on "Bloomberg Markets."
Citigroup?(C), JP Morgan Chase?(JPM), Goldman Sachs?(GS)?and Wells Fargo?(WFC)?will kick off the second-quarter earnings season with reports out Monday and Tuesday. A combination of weak trading volume and low interest rates have caused many analysts to lower their Q2 estimates for the biggest U.S. banks. Paulsen expects a?steepening yield curve?to help the bank's net interest margins and believes the U.S. Treasury's yield curve will steepen even further if?Fed rate cuts?improve economic growth.
AMD's head start with 7 nm processors allows it to steal market share from Intel — until Intel comes out with its 10 nm processors. According to many analysts, Intel will have an a 10 nm CPU for desktops next year and for laptops this summer. Although Intel is behind AMD currently, Intel will very likely catch up and surpass AMD given its much larger R&D budget.
If so, you better aim to get your credit score above 650, if not 700. Data from the Federal Reserve show that 9 out of 10 U.S. mortgages go to borrowers with a score of 650 or better. Three quarters go to borrowers with scores of better than 700.
Today's selection of stocks to buy comprises companies that are dirt-cheap right now and also flashing buy signals. Let's take a closer look at these three cheap stocks to buy now. After getting a bit ahead of itself by rising 125% in three months, the stock swooned on an earnings announcement that failed to support such a rapid rise.
If you are covered by Medicare and are wondering whether you really need a Medicare supplementary Insurance policy, or Medigap, you're not alone. The Medicare website?contains hundreds of pages of information, few of which are easy reading.?But it's hard to get an answer to the big question: Why should anyone who has Medicare get a Medigap plan? Medigap is a supplement to Medicare coverage.
The US yield curve, watched nervously by investors for signs of an impending recession, steepened in the past week by the most in almost three years, reflecting optimism that a rate cut by the Federal Reserve will keep the US economy growing. The measure ended the trading week at minus 1.6 basis points, from minus 19 basis points a week earlier, the largest change over five trading sessions since the period after Donald Trump was elected US president in 2016. The moves served as vindication of sorts for the Fed's tilt toward looser monetary policy, seen as insurance against further deterioration in the US economy after financial markets had been communicating concerns about the outlook.
You've likely seen or heard numerous talking heads and stock market experts say the current bull market, now in Year 10, is extra-long in the tooth. William O'Neil, founder and longtime chairman of IBD and author of the growth stock investing classic "How to Make Money in Stocks,"? has frequently noted that the typical market rally lasts three to four years, while a sharp correction runs for about nine months, possibly a bit longer.
Here are the latest investment views and stock picks of Rupal Bhansali, chief investment officer, international and global equities, and a portfolio of manager at Ariel Investments in New York. Rupal J. Bhansali: The economy and growth stocks are likely to disappoint. It is time to switch from FAANG to MANG.
(GS)(MS)(NTRS) and (KEY) are among the companies expected to announce dividend increases next week, according to IHS Markit, a financial research firm. Late last month, Goldman Sachs (ticker: GS), Morgan Stanley (MS), and Northern Trust (NTRS) signaled that they were likely to increase their payouts after their capital plans were approved by the Federal Reserve Board under the Comprehensive Capital Analysis and Review, or CCAR. In a June 27 release, Goldman said its capital plan included boosting its quarterly dividend by nearly 50% to $1.25 a share from 85 cents.
Best Dividend Stocks to Buy for the Rest of 2019 and Beyond These seven dependable dividend stocks below are prime examples of the kind of stocks you want in your portfolio for the good times, and the less-than-good. James River Group Holdings (NASDAQ:JRVR) owns and operates specialty insurance and reinsurance companies. Specialty insurance is all about insuring properties that carry unique risks that generally aren't covered by typical property and casualty insurance.