Investment legend John “Jack” Bogle is worried about President Trump’s policies and the massive surge in the stock market.
“I don’t feel super confident in the stock market. By any historical standards, it’s pretty fully valued,” the 87-year-old founder of Vanguard told CNNMoney in a phone call.
Bogle isn’t calling it a bubble yet, but he think stocks are clearly expensive. His view is in stark contrast to another famous investor, Warren Buffett, who recently dubbed the market “cheap.”
Bogle says: “I don’t think it’s a bubble. I think it’s a significant high valuation, but not a bubble.”
He warns that returns in the next decade are likely to be very disappointing (think under 5% a year, instead of the 10% a year historical average).
Still, Bogle doesn’t advise pulling your money out. It’s too difficult to time the market. History has shown those who stay in, win. His own portfolio remains 50% in stocks (Vanguard funds, of course) and 50% in bonds.
Top 5 Cheap Stocks To Own Right Now: UnitedHealth Group Incorporated(UNH)
- [By Paul Ausick]
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was UnitedHealth Group Inc. (NYSE: UNH) which traded down 1.57% at $225.13. The stock’s 52-week range is $156.09 to $231.77. Volume was about 30% below the daily average of around 3 million. The healthcare company had no specific news.
- [By Dan Caplinger]
Health insurance giant UnitedHealth Group (NYSE:UNH) has done an admirable job of navigating the ever-changing landscape of healthcare reform over the past several years. The company was slow to embrace the health insurance exchanges set out in the Affordable Care Act, and that helped leave UnitedHealth less vulnerable when the Trump administration sought to repeal and replace Obamacare. Even as many focused on the positives of tax reform, UnitedHealth had to find ways to navigate the return of the excise tax on health insurance premiums in 2018 without seeing a material negative impact to its bottom line.
- [By Chris Lange]
UnitedHealth Group Inc. (NYSE: UNH) is scheduled to reveal its fourth-quarter results on Tuesday. The consensus estimates are $2.51 in earnings per share (EPS) and $51.5 billion in revenue. Shares traded at $228.64 as the week came to a close. The consensus price target is $248.19, and the 52-week trading range is $156.09 to $231.77.
Top 5 Cheap Stocks To Own Right Now: Kohl’s Corporation(KSS)
- [By Adam Levine-Weinberg]
On Monday, top department store stocks including Macy’s (NYSE:M), Kohl’s (NYSE:KSS), Dillard’s (NYSE:DDS), and J.C. Penney (NYSE:JCP) lost roughly 3% to 4%. The catalyst was a negative analyst report.
- [By Jeremy Bowman]
A lot has changed since then, however. J.C. Penney badly underperformed its own comparable sales target in the second half of 2016, as comparable sales fell instead of hitting the 3-4% mark the company had projected. Its peers continued to struggle — Macy’s(NYSE:M),Kohl’s(NYSE:KSS), andNordstrom(NYSE:JWN) all reported declining comps in the fourth quarter, and Macy’s said last year it would close 100 stores.
- [By Benzinga News Desk]
Billionaire hedge funder Dan Loeb is seeing more opportunities to bet against the market this year: Link
USA Import Price Index (MoM) for Apr 0.30% vs 0.50% Est; Prior 0.30%
The University of Michigan's consumer sentiment index for May is schedule for release at 10:00 a.m. ET.
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
JPMorgan upgraded Verizon (NYSE: VZ) from Neutral to Overweight
Stifel upgraded Kimbell Royalty Partners (NYSE: KRP) from Hold to Buy
Credit Suisse downgraded Kohl's (NYSE: KSS) from Outperform to Neutral
BTIG downgraded Symantec (NASDAQ: SYMC) from Buy to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By Money Morning Staff Reports]
Retail stocks have been on a tear lately, causing investors to question whether the retail sector really is doomed. But that could not be farther from the truth, even for a stock like Kohl’s Corp. (NYSE: KSS).
- [By Jeremy Bowman]
Below are some of investors’ favorite value stocks
Stock Ticker What the company does P/E ratio
General Motors (NYSE: GM) Designs, manufactures and distributes vehicles under the brands Buick, Cadillac, Chevrolet, GMC, Holden, and Wuling. 5.7
Apple (Nasdaq: AAPL) Designs and develops consumer electronics and software. 17.5
Delta Air Lines (NYSE: DAL) One of the world’s biggest global airline. 10.6
Verizon Communications (NYSE: VZ) Multinational telecoms company. 12.9
Kohl’s (NYSE: KSS) Department store chain. 12.2
Source: Yahoo! Finance.
- [By ]
In the mid-level, Boss said that Urban Outfitters (URBN) is recovering, along with Kohl’s Stores (KSS) . He also liked PVH (PVH) and Lululemon Athletica (LULU) .
Top 5 Cheap Stocks To Own Right Now: Sirius XM Radio Inc.(SIRI)
- [By ]
However, several Buffett stocks chalked up nice gains during the first quarter. The three top performers in Berkshire’s portfolio were Sirius XM Holdings (NASDAQ:SIRI), Mastercard (NYSE:MA), and Moody’s (NYSE:MCO). Here’s what drove these stocks higher — and what their prospects are for the rest of 2018.
- [By ]
Berkshire’s biggest winners in the stock market so far this year are MasterCard Inc. (MA) , up 23%; Sirius XM Holdings Inc. (SIRI) , up 18%; Phillips 66 (PSX) , up 14%; Visa Inc. (V) , up 11%; and Moody’s Corp. (MCO) , also up 11%, according to FactSet.
- [By Chris Hill]
Lastly, the Fools answer a classic question from a listener: “When should an investor start taking profits on a multibagger stock? Or should he just hold on forever?” Since the answer to this depends a lot on the company, they both talk generally and address the case of the listener’s stock –Sirius XM (NASDAQ:SIRI)– which is up around 500% since he bought it.
- [By Rick Munarriz]
The market didn’t exactly jump for joy with Sirius XM Holdings (NASDAQ:SIRI)following its first-quarter results on Wednesday. Revenue rose 6.3% to hit $1.375 billion, in line with analyst expectations but the satellite radio provider’s weakest top-line growth since 2011.Free cash flow, operating cash flow, and earnings grew even faster, up 31%, 34%, and 40%, respectively. Sirius XM’s profit of $0.06 a share did beat Wall Street’s bottom-line target.
Top 5 Cheap Stocks To Own Right Now: Express-1 Expedited Solutions Inc.(XPO)
- [By ]
In the Lightning Round, Cramer was bullish on Idexx Laboratories (IDXX) , XPO Logistics (XPO) , Diamondback Energy (FANG) and Illinois Tool Works (ITW) .
- [By Rich Duprey, Nicholas Rossolillo, and Maxx Chatsko]
Yet finding the best stocks to buy and hold isn’t easy. So to help get you started, we asked three Foolish investors to pick a growth stock that they believe investors would be wise to buy now and hold for the long term. Read on to learn why they like SunPower (NASDAQ:SPWR), salesforce.com (NYSE:CRM), and XPO Logistics (NYSE:XPO).
- [By Jeremy Bowman]
ARecode article in December made waves when it asserted that Home Depot was considering acquiringXPO Logistics(NYSE:XPO), the U.S. leader in last-mile delivery of heavy goods like furniture and appliances. Home Depot already has a close relationship with XPO, naming it its Mid-Size Truckload Carrier of the year in 2015, and was reportedly interested in acquiring it in part to keep it out of the hands of Amazon, which has been ramping up efforts to sell products like furniture, and is also an XPO customer.
Top 5 Cheap Stocks To Own Right Now: International Business Machines Corporation(IBM)
- [By Keith Noonan, Chris Neiger, and Daniel Miller]
Chris Neiger (IBM): I have to get this out of the way first: IBM is not for everyone. The company’s top line has fallen for 22 consecutive quarters and in the third quarter of 2017, its earnings fell 4% year over year. It’s no wonder then, that IBM shares are trading at just 13 times the company’s trailing 12-month earnings, and 11 times estimated forward earnings — both ratios far below the tech industry’s average.
- [By ]
So Walmart partnered with IBM’s (NYSE: IBM) Hyperledger Fabric — a blockchain system — to track food shipments. From the start of their journey at the farm, pallets of mangoes were tagged with numeric identifiers and every time they crossed a checkpoint it was digitally recorded via blockchain.
- [By ]
Finally, there’s IBM (IBM) a tech company that’s all about tech, but sadly still has much of the wrong tech. Only half of IBM is in the fast-growing segments that customers crave, which is in stark contrast to Amazon (AMZN) , which seems to be in demand practically everywhere.
- [By Michael A. Robinson]
I confess: I’d always hated IBM Corp. (NYSE: IBM); never could stand Big Blue. The company was always too unfocused for my taste.
Its boardroom underwhelmed, too, allowing Microsoft Corp. (Nasdaq: MSFT) and Amazon.com Inc. (Nasdaq: AMZN) to outmaneuver and shut it out of the outrageously lucrative cloud.
- [By Timothy Green]
In 2011, International Business Machines (NYSE:IBM) generated just shy of $107 billion in revenue. By 2017, that number had tumbled to $79 billion. As the company painstakingly worked to transform itself, investing in artificial intelligence and cloud computing, revenue declined on a year-over-year basis for 22 consecutive quarters. That streak was finally put to bed in the fourth quarter of 2017.