COST Mar 2025 380.000 call
- Yahoo Finance Video
How consumer spending, election impact markets: Market Domination
On today's episode of Market Domination, hosts Julie Hyman and Josh Lipton cover how major trends like weak consumer spending and the election are impacting the markets (^DJI, ^IXIC, ^GSPC). As the S&P 500 (^GSPC) and Nasdaq (^IXIC) snap their three-day losing streak, Roundhill Investments CEO Dave Mazza joins the show to give insight into the market movement. He explains, "The mega-cap companies, the 'Magnificent Seven,' have really been the star performers and folks who are looking for a rotation, whether it's to small caps or even other cyclical sectors like industrials and financials, haven't seen it yet. So it doesn't give people really a lot of confidence, even though to your point, for all intents and purposes, they should be particularly bullish. Look at money market assets, money in money market mutual funds are at all time highs. So it's sort of this weird environment where folks are seeking out safety." The pharmaceutical industry is seeing significant movement. Shares of Moderna (MRNA) are falling after the company said its newly approved RSV vaccine was only about 50% effective after 18 months. Meanwhile, the US House Ways and Means Committee has proposed a strategy for Medicare to cover GLP-1 weight-loss drugs like Novo Nordisk's (NVO) Wegovy and Eli Lily's (LLY) Zepbound. The amendment to the Treat and Reduce Obesity Act of 2023 will be voted on in Thursday's session. In the latest edition of Good Buy or Goodbye, Tematica Research chief investment officer Chris Versace explains why Costco (COST) is a better investment than McDonald's (MCD) amid weak consumer spending. Versace sees Costco (COST) as a buying opportunity as the retail giant is "extremely well positioned," with about 54% of its product revenue coming from fresh food and sundries. On the other hand, he is bearish on McDonald's, explaining that despite rolling out value meals, the fast food giant is "no longer the cheap alternative." As the 2024 presidential election inches closer, Blue Line Futures chief market strategist Phil Streible joins the show to highlight how each administration may affect the commodity market. He states, "Energies are one of the top focuses that we're going to be watching. Under Trump, we were energy independent. We did also have a hard stance on Iran. It makes a play for lower energy prices if Trump was to come into office where we are much more dependent on OPEC, South American oil, it's very difficult for oil and gas exploration companies to get those permits to expand wells." This post was written by Melanie Riehl
- Zacks
The Zacks Analyst Blog Highlights Burlington Stores, Costco and TJX
Burlington Stores, Costco and TJX are included in this Analyst Blog.
- Yahoo Finance Video
Top tips for retirement, travel, paying your mortgage: Wealth!
On today's episode of Wealth!, Host Brad Smith breaks down key personal finance tips, from mortgage rate hacks to saving for retirement and planning your summer vacation. Home prices in the 20 largest US cities have surged by an average of 7.2% year over year, according to recent Case-Shiller data. Structured Finance Association CEO Michael Bright advises homebuyers to "shop around" and build relationships with brokers to potentially "get a loan at a lower rate than you otherwise would." Yahoo Finance's Personal Finance Editor Molly Moorhead also emphasizes the impact of making just one extra mortgage payment each year in saving homeowners money in the long run. US Consumer confidence declined in June, with the index falling to 100.4, signaling growing economic concerns among American consumers. As cost-conscious consumers increasingly seek deals, McDonald's (MCD) has joined the ranks of fast food chains adapting to economic pressures by introducing a new value meal option. Starting June 25, the global fast food giant will add a $5 value meal to its menu. Citi Senior Global Economist Robert Sockin explains that despite these value meals, "the bigger problem is that you've had large gains in food prices over this cycle. And really, it's taking time for people to adjust to these much higher prices. And as I've noted, as we've got income gains that real purchasing power has improved and is likely to continue to improve given that food inflation is still running at relatively low levels. " 59% of employees who are not saving for retirement believe they are, according to Principal Financial Group. IRAHelp.com Founder and CPA Ed Slott explains why now is a great time to save for retirement: "Everybody thinks inflation is bad, and I get that because things cost more. But when it comes to taxes, inflation is great because tax brackets expand too. So more money can come out at lower rates. And the other opportunity now is the low rates... We have historic low tax rates now. So the key to anybody saving for retirement is if you have an IRA, a 401(k), remember those accounts are loaded with taxes. The only way you can get to that money is by paying taxes. So if you can get that money out now, because I'm worried about future higher taxes, we have debt limits, the laws may be changing, so anybody stockpiling money in an IRA or 401(k) should be taking action." Finally, as the summer travel season heats up, Yahoo Finance's Kerry Hannon breaks down how you can still find a deal. She believes the key to summer travel is being flexible: "If you can travel the last two weeks of August, that's going to be a good time. And it gives you time to book it right now and get some of the best advantages of that time gap in order to nail down some of these good rates." She notes that skipping popular destinations is also preferable, explaining, "Hotel prices are up about 10% particularly in the crowded cities. So I encourage people, maybe skip Paris, go to Lyon, skip Dublin, go to Cork." This post was written by Melanie Riehl
