May 18, 2018: Markets opened lower again Friday and while the Dow hugged the break-even line all day, the S&P 500 and the Nasdaq Composite remained in the red for the entire trading session. U.S. trade talks with China have hit a bump in the road and negotiations with Mexico and Canada on revisions to NAFTA missed a deadline of sorts Thursday. Friday’s best performing sector was industrials,....More>>>
Turkey’s President Recep Tayyip Erdogan met central bank Governor Murat Cetinkaya on Wednesday following an earlier briefing where a larger group of policy makers were present, according to three officials with knowledge of the matter.
The officials provided no information about the substance of the one-on-one meeting, but it came as Turkey’s lira and bonds weakened to near-record....More>>>
The first-quarter earnings reports for S&P 500 companies are pretty much in the books as I write this. The results, for the most part, were overwhelmingly positive, which leaves investors with the difficult task of picking stocks to buy.
Fact A: According to Factset Research Systems Inc. (NYSE:FDS), with 91% of the S&P 500 companies reporting earnings in Q1 2018, 78% delivered....More>>>
Every stock comes with some risks. Even the most dominant company can fade into irrelevance over the long term if too many things go wrong, or if its competitive advantages disappear. Predicting the future is hard, and getting it wrong can be disastrous for your portfolio.
There are some companies, though, that have better shots than others at continuing to thrive over the next 12 years.....More>>>
Goldman Sachs says it’s about to take a big hit from the massive overhaul to the U.S. tax code.
The investment bank forecast that changes to American tax rules will knock $5 billion off its profit in the final quarter of 2017.
Goldman (GS) said the majority of the $5 billion hit will come from a “repatriation tax,” which is a new one-time tax on the cash it hold....More>>>
Sandwich Generation GenXers talking to their parent about the future. Photo courtesy of Shutterstock.
Today’s 75.4 million Millennials will near retirement age in 30-40 years, and today’s GenXer in about 15-25 years. If you’re like many of my clients, you’re starting to seriously think about your own financial planning. And with so many Boomers ill-prepared....More>>>
It didn’t come as much of a shock last week when President Donald Trump pulled the plug on a 2015 agreement that eased economic sanctions on Iran in exchange for limits on Iran’s nuclear enrichment program. After all, Trump had long characterized the agreement as a “bad deal”.
The reimposition of U.S. sanctions throws a wrench into the plans of companies that had started....More>>>
At this point in the evolution of the robo-advisor movement, I think it is safe to say that advisors and the industry have pretty much done a 180-degree turn from when robos first hit the scene about 10 years ago.
Robos started out as being considered by advisors as interesting, but insignificant toys that no serious investor would ever consider. But as the technology became more sophisticated....More>>>
Canadian plane maker Bombardier (BDRAF) scored a huge win in its ongoing trade dispute with Boeing.
The U.S. International Trade Commission voted unanimously Friday that Boeing (BA)was not harmed by Bombardier and its all-new C Series jet.
The vote effectively shelves two tariffs, totaling nearly 300%, that the U.S. Commerce Department wanted to impose on Bombardier.
As a group, dividend hunters tend to have a long-term investment perspective. There’s not much sense investing in a stock just to capture one quarterly payment and then part ways. When we find a strong business generating ample cash and sharing it generously with stockholders, we tend to stick around for a while.
Case in point, I’ve held CME Group (NYSE: CME) in my High-Yield....More>>>