Why Are The Markets Not Correcting

So let’s get to it, what did we learn over the past week? We were informed by Intel that its computer chips were affected by a bug that makes them vulnerable to hacking. All computers with Intel chips from the past 10 years are affected. Considering that computer chips are basically the backbone and brain behind… Please follow and like us:

Read More

Merrill: Managers Expect Stock Peak in ‘2019 or Beyond’

Global investors raised their allocation to equities to net 55% overweight in January, a two-year high, according to the latest Bank of America Merrill Lynch fund manager survey. Allocation to bonds fell to a four-year low of net 67% underweight. Investors in January were the most overweight equities relative to government bonds since August 2014, Merrill… Please follow and like us:

Read More

Wall Street on Cloud Nine since Trump’s election

The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever. Since President Donald Trump took office a year ago, the principal US stock indexes have gained by leaps and bounds, hitting a record string of records. “I have… Please follow and like us:

Read More

With tax cuts boosting consumer spending, the U.S. is poised for another good year

Stocks have just accomplished a Houdini – scorching to record highs while escaping volatility. The S&P 500, which accounts for 80 percent of the value of publicly traded U.S. companies, just scored an unprecedented 14 consecutive monthly gains. Investment professionals will tell ordinary folks a year like 2017 simply can’t repeat. Gains will slow or the… Please follow and like us:

Read More

Tax hike or tax cut? CNBC’s misleading report on GOP’s tax reform

WASHINGTON, January 16, 2018: Now that it’s 2018, millions of taxpayers across America are still wondering: Will I get a tax cut or a tax hike? The answer for a substantial majority of U.S. taxpayers is, “Yes, I’ll get a tax cut.” But according to the descriptive language in a recent CNBC assessment of the GOP… Please follow and like us:

Read More

JPMorgan Chase & Co. Q4 2017 Earnings Beat Estimates

The JPMorgan Chase & Co. Q4 2017 earnings results were released before opening bell this morning. The bank reported adjusted earnings of $1.76 per share on $25.45 billion in revenue, compared to the consensus estimates of $1.69 per share and $25.17 billion in revenue. In the previous year’s fourth quarter, the bank reported $1.71 per share… Please follow and like us:

Read More

Bull Market Should Run Another 3 Years: Goldman

Goldman Sachs says the bull market in U.S. stocks should continue for another three years. In its latest market outlook, Chief U.S. Equity Strategist David Kostin is forecasting a 15% gain in the S&P 500 over that period with a target of 3,100 by the end of 2020 and a 7% gain in the index this… Please follow and like us:

Read More

US job gains disappoint, unemployment holds at 4.1%

The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported Friday. But with the country believed to be near full unemployment, the jobless rate still held steady at its 17-year low of 4.1 percent. Employers added just 148,000 new hires in the final month of… Please follow and like us:

Read More

10 Data Points Investors Should Be Watching Now: JPMorgan’s Kelly

There are multiple economic and financial numbers investors can monitor in 2018 to get a sense of the market environment. David Kelly, chief global strategist for JPMorgan Funds, offers his own list of the top 10 data points he recommends investors watch this year. In his inaugural weekly note for 2018, Kelly says the list is… Please follow and like us:

Read More

What can Qualcomm do to fend off Broadcom?

When Broadcom proposed ousting Qualcomm’s board of directors on Dec. 4, it set in motion a high-stakes chess match for control of San Diego’s most iconic technology company. The outcome could reverberate not only locally, but throughout the tech industry — possibly changing the landscape for firms such as Apple, Google, Microsoft and Intel. Qualcomm invented… Please follow and like us:

Read More

Goldman Sachs says US tax reform to cut earnings by $5 bn

US banking giant Goldman Sachs said Friday the recently-enacted US tax reform will cut its earnings this year by about $5 billion, mainly because of a tax targeting earnings held abroad. The tax reform package is expected to “result in a reduction of approximately $5 billion in earnings for the fourth quarter,” the company said in… Please follow and like us:

Read More

Apple CEO Tim Cook Uses Private Jet For All Travel

Being the head of the most profitable company in the world has its perks. Apple CEO Tim Cook reportedly does all his traveling—both personal and business related—using private jets, AppleInsider reported. The decision to fly private is undoubtedly a luxury but Cook actually doesn’t have much say in the matter. Apple’s board of directors mandates that… Please follow and like us:

Read More

Valuation-based Factor Stocks Get Smoked, But The Times They Are A-Changin: BAML

As 2017 comes near to a close, and the stock market by many accounts outperformed analyst projections, a Bank of America Merrill Lynch report on factors notes an interesting change that occurred relative to factors it watches. With 2018 forecast to be another reasonably strong year for US stocks, factor performance is a moving target and… Please follow and like us:

Read More

MS: FAANG Hot Streak Coming To An End

Facebook, Apple, Amazon, Netflix, and Google (Alphabet) have been the market’s top stocks in 2017, but what does next year hold for these tech behemoths collectively known as the FAANGs? According to a recent research note from analysts at Morgan Stanley, collectively the FAANGs have added 4.3 percentage points of market capitalization to the S&P 500… Please follow and like us:

Read More