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Recent hype about what high yield bonds mean for stocks has missed that the stocks of companies with high yield debt, got hit hard and early.
Investors have many things to be thankful for this year: global equities had risen in every single month this year, while every major economy expanded. That’s something to think about when U.S. markets ...
The record readings from the Consumer Confidence and Consumer Sentiment indicate that for the first time in several years investors and Wall Street pros finally agree that .....
PayPal Holdings Inc. shares closed at a record high Thursday after the company announced the sale of its $5.8 billion U.S. credit portfolio, and executives told investors that it expected to earn more ...
Parent company L Brands Inc. killed off Victoria’s Secret swim and apparel line back in July, but four months later the decision is still a drag on the company’s bottom line.
Tesla Inc. shares rose on Friday, a day after the Silicon Valley car maker unveiled its promised electric commercial truck and surprised observers by showing off a new version of the Roadster, the costly ...
Wall Street has been keenly watching the noninvestment grade bond market, otherwise known as junk bonds, for signs of cracks that could ripple across the broader market.
China’s 10-year bond yield spiked this week to a three-year high of 4% as worries about tightening conditions in the Chinese credit market prompted investors to dump bonds. Expect to see similar sort of ...
The major U.S. stock indexes were down across the board on Friday, led by declines in the Dow and S&P 500 Index, which posted their first 2-week losing streak since August. In the cash market, the benchmark S&P 500 Index settled at 2578.85, down 6.79 or -0.26%, the blue chip Dow Jones Industrial Average finished … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Lack of Clarity Over Tax-Reform Creating Pressure
U.S. stocks are back near record levels, but concerns continue to swirl around whether this historically quiet market is poised for a downturn. If history is any guide, most investors should feel free ...
After a one-day reprieve on Thursday, the theme of the week resumed on Friday with investors shedding higher-risk assets for the safety of lower-yielding assets. The catalysts remained investor skepticism over U.S. Republicans’ efforts to pass tax cuts and worries over the Mueller probe. Earlier in the week, Congressional Republicans took important steps toward the … Continue reading Investors Shed Risky Assets on Concerns Over Tax Reform, Mueller Probe
Renaissance Investment Management’s Michael Schroer highlights Applied Materials and Lam Research. By Phil van Doorn.
The coming week is shortened by the Thanksgiving holiday and culminates in Black Friday shopping. Retail was the focus last week as consumer discretionary and consumer staple sectors were among the leading gainers, and retail could remain front and center over the next few days.
The S&P 500 fell during the week, but found enough support at the 2550 level to turn around and form a hammer. The hammer of course is a bullish sign, and we continue to form them just above the 2500 level. While this market is overextended by just about every metric I use, not to … Continue reading S&P 500 Index forecast for the week of November 20, 2017, Technical Analysis
See, it isn’t just equity investors who are looking to turn selloffs into buying opportunities. Despite the fact that equity investors were watching junk bonds, junk-bond investors were—you guessed it—buying the credit dip.
University endowments have long pursued an extreme form of diversification that involves heavy allocations to alternative investments such as hedge funds, private equity, venture capital, and real estate, with little exposure to the U.S. stock market. The Yale University endowment is widely hailed as the model, thanks to strong long-term performance under the leadership of David Swensen. This approach succeeded in the decade that ended in 2007, when alternative investments were less crowded and returns were high.
The biggest risk for investors since the end of the 2008 financial crisis has been, well, ducking risk. Since risky markets like equities hit bottom in early 2009, the U.S. benchmark S&P 500 stock index has tripled, delivering an annualized total return of 19 percent, roughly 15 percentage points a year above what the Bloomberg Barclays U.S. Aggregate bond index delivered. The S&P 500, for example, now trades at 18 times next year's earnings, according to Thomson Reuters data, versus a long-time average of around 15.
Stitch Fix Inc. stumbled in its stock-market debut, dipping below its initial public offering price before eking out a gain at the close.
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The yield curve continued to flatten after strong U.S. housing starts data for October and investors bet on further rate hikes from the Federal Reserve.