These days it seems as if the market doesn’t know whether it wants to break through fears of higher rates and a slowing China or crash lower into a new bear market. The VIX volatility index has jumped to an average 24.1 in the first month of 2016 against an average of just 16.7 in 2015. The S&P 500 tumbled 9% in the first three weeks and triple-digit moves in the Dow are a daily occurrence.....more>>>
A late day bounce reduced that the damage, but markets still got beaten up again leaving some strategists scratching their heads.
MICHAEL NAGLE/BLOOMBERG NEWS
The S&P 500 fell 1.2% to 1,829.08, its fifth consecutive loss, while the Dow Jones Industrial Average dropped 254.56 points, or 1.6%, to 15,660.18. The Nasdaq Composite finished off 0.4% at 4,266.84. The Dow Industrials....more>>>
Related IAG Earnings Scheduled For February 17, 2016 Benzinga's Top Upgrades IAMGOLD: Get It While The Gettins' Good (Seeking Alpha) Related ABX Earnings Scheduled For February 17, 2016 Benzinga's Top Initiations Barrick Gold Wants To Reduce Its Debt By $2 Billion....more>>>
Nomura’s Simeon Siegel and team argue that Michael Kors Holdings (KORS) is “good at ‘Bar Setting.’” They explain:
Susana Gonzalez/Bloomberg News
This MorningMichael Kors continued its streak of topping guidance and Street estimates, posting a 2% constant-currency comp increase, better-than-feared margin erosion and ongoing boosts from share repurchases.....more>>>
Stocks tumbled today as oil closed below $30 a barrel and corporate leaders started mentioning the dreaded “R-Word”–recession.
The S&P 500 fell 1.9% to 1,903.03 today, while the Dow Jones Industrial Average dropped 295.64 points, or 1.8% to 16,153.54. The Nasdaq Composite tumbled 2.2% to 4,516.95.
Oil dropped 5.5% to$29.88....more>>>
Are stocks a bargain right now? Stop me if you’ve heard this before. Investors are scared.
But instead of running for the hills, one fund manager is suggesting that people flock to shares of stable, mundane infrastructure companies. Stuff like office building owners, water utilities, cell phone tower operators and airports.
They may not be the most exciting companies....more>>>
A massive diamond among the largest ever discovered was recently unearthed in Angola, mining company Lucapa announced Monday.
At 404.2 carats, it measures about 7 cm across — about the length of a credit card, Lucapa said.
It was mined by the Lulo Diamond Project, a partnership between Endiama, Angola’s national diamond company, Lucapa Diamond Company, and a private....more>>>
JCPenney (JCP) announced that it would look to sell and lease back its quarters today, a decision Citigroup’s Jenna Giannelli and Joshua Joseph demonstrate the department-store chain’s “commitment to not only grow EBITDA but also trim its balance sheet.” They explain:
Justin Sullivan/Getty Images
JCPenney announced plans this morning to explore the sale....more>>>
Related ESV Barclays Cuts Offshore Drillers En Masse, Sets $0.50 Price For Ocean Rig Benzinga's Top Downgrades Expect more dividend cuts among offshore drillers, J.P. Morgan predicts (Seeking Alpha) Related URI Watch Out Below? Longbow Analysts Downgrade United Rentals Two Weeks After Upgrading It ....more>>>
Scott Tucker has been charged in an alleged payday loan scam. The Justice Department cracked down on two major payday lending empires Wednesday, including one that belonged to race car driver Scott Tucker.
Tucker is a 53-year-old financier who races Ferraris in professional competitions. He was arrested on Wednesday, accused of running an illegal $2 billion payday lending enterprise....more>>>
Treasury yields continue to fall, making mincemeat of the idea that the Federal Reserve will continue to raise interest rates this year. Everything could change, of course, if the incoming economic data turns out to be stronger than expected. The main event for this week: January payrolls, starting with today’s preliminary estimate for the private sector via ADP’s data, followed by Friday’s....more>>>
Are oil and stocks really correlated? Ben Bernanke thinks so, and he thinks he knows why.
In his latest blog post over at Brookings, the former Federal Reserve chairman and his research assistant, Peter Olsen, dig into the relationship between oil and stock prices, and try to solve a market conundrum: Are the two asset classes really correlated? In other words, does the movement in one effect....more>>>
You may already know that mutual funds are vehicles that invest pools of cash contributed by investors who purchase shares of the fund. What you may not know, and what your financial adviser may never have taken the time to explain to you, are some of the fundamental aspects of a mutual fund that help to define it and differentiate it from its competitors.
See Also: Kiplinger’s Mutual....more>>>
What is a bear market? “The Big Short” — about investors who made a bundle predicting the financial collapse in 2008 — is a top contender for this year’s Oscar for Best Picture.
Its sequel (“The Big Short 2: Electric Boogaloo?”) may be unfolding in the financial markets right now.
It has been a gruesome year for stocks.
Intel’s freeD and Curie technologies are changing how we watch sports. Did he score or not? Was she in or out of bounds?
Despite multiple cameras covering major events, we still miss a lot of stuff when watching sports. We’re still not sure if the player was down before he fumbled. We missed the awesome pass, because the big guy was blocking our view of it.