Wall Street is largely positive on the U.S. stock market, with bullish sentiment at high levels and major indexes having recovered much of the ground they lost in a recent correction. Nonetheless, investors may not be paying enough attention to one of the most significant—and most positive—trends in the economy. Recent trading has been largely […]
Stocks closed lower on Wednesday, erasing sharp gains, after interest rates reached fresh multiyear highs following the release of the latest Federal Reserve minutes. The Dow Jones industrial average closed 166.97 points lower at 24,797.78 after rising 303.24 points earlier in the session. The S&P 500 fell 0.6 percent to 2,701.33, with real estate sliding […]
It’s a bad sign if an index has too many large cap stocks from one sector, said Bill Smead, CEO and chief investment officer of Smead Capital Management. “The excesses of this bull market are in the glam techs,” Smead said on CNBC’s “Closing Bell,” referring to names like Amazon, Tesla and Netflix. Currently, 25 […]
With the return of volatility to the stock market after a period of record lows, here are five stocks that have low volatility (with a beta under 0.5) and a strong performance in the quarter. A beta of less than 1 means that the stock is, theoretically, less volatile than the market. These stocks also […]
Rising rates can be scary, especially for a stock market addicted to unbelievably low rates. The wild swings on Wall Street this month have been largely driven by fears about whether the rapid spike in Treasury rates will continue. Stocks slumped again on Tuesday as bond rates ticked higher. While rising rates typically slow the […]
Check out which companies are making headlines before the bell: Walmart – The retail giant missed estimates by 4 cents a share, with adjusted quarterly profit of $1.33 per share. Revenue and comparable-store sales did beat forecasts, however. Walmart’s full-year forecast for earnings is $4.75 to $5.00 per share, compared to the consensus estimate of […]
The biggest drop in Walmart’s stock in 30 years and losses in other sectors pulled U.S. indexes lower Tuesday, snapping a six-day winning streak. The losses deepened in the last hour of trading into a broad sell-off that erased early gains led by technology companies. Walmart plunged 10 percent after reporting weak online sales and […]
The world’s biggest asset manager BlackRock Inc (BLK.N) upgraded its view on U.S. stocks, citing very strong earnings momentum, while cutting European stocks to neutral. In a note on Monday, BlackRock’s global chief investment strategist Richard Turnill pointed to tax cuts in the United States and government spending plans as driving earnings growth and said […]
BlackRock strategists have turned increasingly bullish on U.S. stocks, raising them to overweight because fiscal stimulus is “supercharging U.S. earnings growth expectations.” Kate Moore, BlackRock’s chief equity strategist, said that the firm thinks “the fundamental story is the best it’s been, which is surprising given how far we are into this cycle.” Even though the […]
World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago. In a day of relatively quiet trading owing to market holidays in the United States and China, losses in Europe weighed on […]
Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged further away from three-year lows. Spreadbetters expected a mixed start for European stocks, with Britain’s FTSE seen rising 0.1 percent, Germany’s DAX dropping 0.1 percent and France’s CAC dipping 0.07 percent. MSCI’s broadest index of […]
Following sustained profit takings, the NSE All-Share Index and market capitalization depreciated by 1.13 per cent to close last week at 42,638.83 and N15.302 trillion respectively. Similarly, all other indices finished lower last week with the exception of the NSE Pension Index that appreciated by 0.08 per cent, while the NSE ASeM Index closed flat. […]
