You don’t come to manage an estimated $24 billion in other investors’ money without establishing one of the best track records in the entire hedge-fund industry. That’s exactly what famed hedge fund Viking Global Investors has done, outperforming traditional stock indices by several hundred percent since the turn of the millennium.
Though retail investors most likely can’t....More>>>
How financially prepared would you be if you suddenly lost your job or became disabled? Chances are, not very. As a recent Federal Reserve study noted, 31% of Americans are “struggling to get by” or “just getting by.” The Fed has also found that nearly half of U.S. households would struggle to pay a $400 emergency expense.
Source: ThinkstockAugust 16, 2017: The S&P 500 closed relatively flat at 2,468.16. The DJIA closed flat at 22,019.53. Separately, the Nasdaq closed up 0.2% at 6,345.11.
Wednesday was a mixed day for the U.S. broad markets. Crude oil continued to pull back from the $50 price level and oil & gas stocks did not respond well. Separately, retail stocks were more or less positive on the....More>>>
Investment company T Rowe Price Equity Income Fund buys TransCanada Corp, Kimberly-Clark Corp, Philip Morris International Inc, Chubb, CVS Health Corp, Brighthouse Financial Inc, Franklin Resources Inc, L Brands Inc, Westar Energy Inc, Stericycle Inc, sells PG&E Corp, Illinois Tool Works Inc, Exelon Corp, American Express Co, Canadian Natural Resources during the 3-months ended 2017-12-31, according....More>>>
U.S. equities finished mostly higher on Wednesday, with large caps stronger and small caps weaker, following the Federal Reserve’s latest policy announcement.
In the end, the Dow Jones Industrial Average gained 0.5%, the S&P 500 gained a fraction, the Nasdaq Composite gained 0.2% and the Russell 2000 lost 0.6%. Treasury bonds were stronger, the dollar weakened notably, gold lost....More>>>
Offshore drillers likeAtwood Oceanics (ATW), Diamond Offshore Drilling (DO), Ensco (ESV), Noble (NE), Rowan Companies (RDC), Ocean Rig UDW (ORIG), and Transocean (RIG) have been on fire this week–and Evercore ISI’s James West and team credit a “2 sigma short interest unwind.” They explain:
As our new Energy trader Kevin Kenny noted this morning, Dont fight City Hall....More>>>
Rowan Companies (NYSE: RDC) is a publicly traded offshore drilling company with a market cap of more than $1.5 billion. The company has had a difficult time since the start of the oil crash with its stock price dropping by almost 75%. Despite that, Rowan companies strong assets and financials, combined with a recovering offshore market, make it a strong investment at the present time.
Related Pair Trading Oil With The VIX Would Have Made Bank This Month Stockpile Liquidation Event Could Hurt U.S. Economy, Analysts Warn Related SPY S&P 500 Index Futures Lower Fed President Says Rates Could Hike In April, Confirms He Is A Cardinals Fan Energy, Financials Weigh On S&P 500 ETFs;....More>>>
An earlier version of this reported provided an incorrect definition for a so-called golden cross. A golden cross is typically viewed as a bullish trend that occurs when an assets short-term average forms above its long-term average.
For those investors near or in retirement, income remains the primary concern. After all, you need to turn decades of saving into a steady stream of paychecks to get you through your golden years. The problem is, years of zero interest policies have left many traditional income asset classes &m
U.S. stock futures are wavering around even this morning. Wall Street is digesting more political uncertainty out of Washington ahead of a slew of economic reports. Reports emerged yesterday that President Donald Trump has decided to replace national security advisor Lt. Gen. H.R. McMaster after
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