Tuesday morning brought a bit of a letdown for the stock market, as major indexes pulled back from their big gains from before the holiday weekend. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES:^DJI) was down 32 points to 25,851. Elsewhere, the S&P 500 (SNPINDEX:^GSPC) lost
What do Aretha Franklin, Kurt Cobain, and Prince have in common? Besides being famous and talented, they all died without a will. Pretty amazing, given they all had the money and lawyers to draft a proper estate plan, but for one reason or another they didn't draft one. While the size of your es
Big U.S. banks like Morgan Stanley (MS), Goldman Sachs (GS), Citigroup (C) and Bank of America (BAC) have completed their Comprehensive Capital Analysis and Review, or CCAR, submissions and now investors will wait to see how much capital the Fed allows them to return to shareholders. Credit Suisse analyst Susan Roth Katzke and team offer their thoughts:
Traders are racing to rethink their views on the paceof Federal Reserve interest-rate increases after a stronger than expected reading on inflation. The question now is whetherthe datawill remain strong enough to keep the market buoyant.
So-called core inflation, which strips out volatile food and energy categories, rose 0.3% last month,....More>>>
Stocks finished higher for a fourth week as investors finally embraced the European Central Bank’s plan to boost the continent’s economy.
Michael Nagle/Bloomberg News
The S&P 500 gained 1.1% this week after rising 1.6% to2,022.19 today. The Dow Jones Industrial Average rose 1.2% this week after gaining218.18 points, or 1.3% to 17,213.31. The Nasdaq Composite....More>>>
In the early 1900s, any American over the age of 65 was considered “old.” That’s understandable because in those days the average life expectancy of U.S. citizens was 47 years. My how things have changed!
See Also: Are You Saving Enough for Retirement?
Today we define “old” as somewhere north of 90, and by all indications, the definition of old age....More>>>
China has set an economic growth target range of 6.5% to 7% for this year as the central government struggles to manage a slowdown in the world’s second-largest economy.
The low end of the new growth goal is a few notches below what China posted last year. Gross domestic product expanded by 6.9% in 2015, its slowest pace in 25 years and a hair slower than the government’s 7%....More>>>
On Tuesday, Baird predicted that Gilead Sciences (GILD) will miss earnings forecasts when it releases its financials on April 28. Barclays’ Geoff Meacham and team, however, foresee an earnings beat from Gilead and Amgen (AMGN) as well, but are more cautious on Biogen (BIIB) and Celgene (CELG). They explain why:
Large-Cap Biotechs Strength in Gilead and Amgen.....More>>>
Planet Fitness(PLNT) is expectinga strong 2016on the heels of estimate-beating fourth-quarter financial results.
At a recent $15.52, the stock rose 4.7% in recent market action. AndOliver ChenatCowensuggested investors pick this stock up, dont put it down, citing higher royalties from franchises and membership growth.
All 3 segments of EBITDA came in better than our expectations for....More>>>
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Shares of Chipotle Mexican Grill(CMG) are tumbling in after-hours trading after the burrito purveyor beat earnings forecasts but disclosed that it was on the receiving end of a Justice Department subpoena.
Victor J. Blue/Bloomberg News
Chipotle reported a fourth-quarter profit of$2.17 a share, beating forecasts for $1.86 a share, on sales of $997.5 million, missing forecasts....More>>>
Whole Foods Market (WFM) reports earnings next week, and Oppenheimer warns investors not to be too optimistic.
Robert Nickelsberg/Getty Images’
Analysts Rupesh Parik and Erica Eiler reiterated an Outperform rating and $38 price target on Whole Foods, but see it as most appropriate for long-term investors. As for the upcoming second quarter, they see the potential for another....More>>>
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Let me start by saying that I love the 401(k)plan. Its the single best wealth accumulation vehicle available to the vast majority of Americans. At todays contribution limits, you can defer up to $18,000 of income and $24,000 if youre 50 or older tax free. And many companies offer corporate matches dollar for dollar (most companies match the first 20-60% you save.)
Shares of the department store are down as much as 12% to $46.65Friday after Nordstrom reported holiday-quarter earnings and sales that missed expectations and gave a downbeat outlook for the full year. The stock is set for its worst intraday drop since it last reported earnings in November, when shares fell as much as 21% after the retailer posted....More>>>
Checchi Capital Advisers LLC cut its holdings in shares of Illinois Tool Works Inc. (NYSE:ITW) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,292 shares of the industrial products company’s stock aft
The stock market was quiet on Wednesday, with different benchmarks reacting to a variety of news events. The release of minutes from the Federal Reserve's most recent monetary policy meeting generally confirmed what most investors had believed about the central bank's future course of action, an
Last Thursday, NVIDIA (NASDAQ:NVDA) reported terrible fourth-quarter results to close out what had been a strong fiscal 2019. For the quarter, revenue fell 24%, earnings per share dropped 48%, and EPS adjusted for one-time items plunged 53%.