January 5, 2017: Markets opened slightly higher again Thursday but by mid-morning sellers had taken over and the DJIA and S&P 500 traded in the red. Financials and industrials weighed on equities today with the best performing S&P sectors being real estate and consumer staples. WTI crude oil for February delivery settled at $53.76 a barrel, up about 0.9% on the day. February gold added 1.4%....more>>>
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Less than 40% of workers said they have recovered financially from the recession that started in December 2007, according to a report from Transamerica Center for Retirement Studies. Thirteen percent said their recovery hasn’t....more>>>
Related BAC KBW: The Market Is Telling Banks To Break Up Financial Earnings In Focus As New Week Begins, But Data Also On Tap JPMorgan, Bank Of America Earnings Seen Hurt By Q1 Stock Volatility (Investor’s Business Daily) Related C KBW: The Market Is Telling Banks To Break Up Financial....more>>>
There are many alternative models for attempting to estimate how undervalued or overvalued the stock market is. Among them are:
Price/Book P/Retained Earnings Q-ratio (Market Capitalization of the entire market /replacement cost) Market Capitalization of the entire market / GDP Shiller’s CAPE10 (and all modified versions)
Typically these explain 60-70%....more>>>
Since the release of its third-quarter results earlier this month, Transocean (NYSE:RIG) has shot up close to 20% on the market. This impressive growth in Transocean’s stock price can be attributed to the meaningful progress that the company has made on the financial front. In fact, its earnings for the third quarter came in at $0.25 per share, surpassing the market’s expectation of....more>>>
Wall Street investors can be so fickle. And they love a winner.
The stocks markets surge since Donald Trumps surprise election victory might tempt some to call it a Trump rally, but keep in mind that it rallied even more when investors still thought Hillary Clinton would win.
The S&P 500 index ....more>>>
The great paradox of cybercrime is that financial firms’ biggest vulnerability isn’t their technology, it’s the people who use it.
“It’s low-tech. It’s human error; people sending PII or SII. Folks are not breaking into the 256-bit encryption. They’re counting on human beings to not be aware [of risks] and to make mistakes,” according to Tom....more>>>
1. Toshiba shares tank: Shares in Toshiba (TOSYY) dropped 12% in Japan on Tuesday after the company warned it’s expecting billion of dollars in losses related to its takeover of a nuclear business last year.
The losses come as Toshiba recovers from an accounting scandal that was discovered in April 2015. The company was found to be overstating profits for years.
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The election of Donald Trump has moved up the stocks of the major banks, broker-dealers and other firms in the financial sector.
The Financial Select Sector SPDR ETF (XLF), for instance, has bounced up 13% in....more>>>
Baird’s David George and team argue that it’s too “early to buy the dip in bank stocks if longer-term interest rates remain this low.” They explain how low interest rates could hit JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC):
Spencer Platt/Getty Images
Too early to buy the dip in bank stocks if longer-term interest rates remain....more>>>
I am a police officer, and I’m wondering whether I qualify for the student loan forgiveness program for public service employees. How does the program work?
Take Our Quiz: Valuable Lessons in Getting, Repaying Student Loans
Certain public service workers can have their remaining student loan balance forgiven after working full-time for an eligible organization for 10 years. But....more>>>
Looking at the diary, today is the most important day of the week. The Bank of England and the Swiss National Bank meet. The UK reports retail sales. EMU reports CPI figures. The US reports retail sales, industrial output, and two September Fed surveys. Yet the economic updates are unlikely change sentiment ahead of next week FOMC and BOJ meetings.
The euro has been confined to a $1.1200-$1.1285....more>>>
U.S. equities mostly finisher higher on Tuesday, recovering from Monday’s post-holiday weakness. Headlines focused on OPEC ahead of a minister-level meeting on Wednesday where expectations are heightened for an oil production freeze that’s been teased in various forms since February.
In the end, the Dow Jones Industrial Average gained 0.1%, the S&P 500 Index wafted up 0.1%,....more>>>
Fifth Third Bancorp (FITB) increased its quarterly common stock dividend by about 8% to 14 cents per share. The dividend will be paid on Jan 17, 2017 to shareholders of record as of Dec 30, 2016.
Fifth Third’s robust business model reflects the company’s commitment toward returning value to shareholders, with its strong cash generation capabilities. Prior to this revision,....more>>>
Admittedly, the idea for Chemed (NYSE:CHE) to spin off Roto-Rooter is as ancient as the runaway bull market of the past eight years. Hedge funds have been calling for the spin-off for years, one of the earliest examples being MMI Investments all the way back in 2009. I can’t disagree because logically, the move makes plenty of sense. Is it really in shareholders’ best interest to own....more>>>