Even modest tax corporate reform could send stocks soaring higher, potentially adding 150 points or more to the S&P 500, according to JPMorgan. The GOP tax plan envisions a cut in the corporate rate to 25 percent from 35 percent. If the lower level is achieved, earnings per share for the S&P 500 could increase […]
Read moreAs the stock market hit another record high Tuesday a top Wall Street firm is telling its clients the nine-year bull will continue for at least one more year…and with force. Credit Suisse forecasts the S&P 500 will rise 13 percent by year-end 2018 from Monday’s close, according to the firm’s latest market strategy report. […]
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Today’s investors are inundated with a surplus of investing information, which can make it more difficult to successfully construct an investment portfolio. What’s more, each and every person looking to invest has his or her own set of individual needs that call for special consideration. “It’s important that investors understand their goals, tolerance for risk […]
Read moreForeign stocks have had a fine year, up more than 20 percent in developed countries and 27 percent in the emerging markets, and more U.S.-based investors have gone along for the ride. But now analysts warn there are factors that can derail the bull run. They note that price-to-earning ratios on foreign stocks are back […]
Read moreCheck out which companies are making headlines before the bell: Honeywell – Honeywell announced a planned spin-off of its Homes Products and Transportation Systems Businesses into two separate publicly traded companies. It expects those moves to be completed by the end of 2018. Pfizer – The drugmaker said it would consider strategic alternatives for its […]
Read moreFee-based financial advisors have been among the more enthusiastic users of low-cost exchange-traded funds for years, but their interest has dramatically increased since the financial crisis. The latest survey of advisors conducted by the Financial Planning Association found that 88 percent of those surveyed now use ETFs, compared to 40 percent in 2006. Eighty percent […]
Read moreOne of Wall Street’s most vocal bank analysts is troubled by the rally in financials. The Vertical Group’s Richard Bove warns that the overall market is just as dangerous as the late 1990s, and he cites momentum — not fundamentals — as what’s driving bank stocks to all-time highs. “If we don’t get some event […]
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Investors are expecting the Fed to hike rates in December, and Todd Gordon says that means you want to bet against the Japanese yen. Bond prices have been falling as expectations of a December rate hike have risen, and the yen’s correlation with Treasury prices has the TradingAnalysis.com founder predicting that the Japanese currency will […]
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Stock valuations are high, but not in bubble territory. Investor optimism is plentiful but not exuberant or extreme. The bull market will not end until buying becomes euphoric. Anecdotal statements such as these are plentiful when bull markets are aged, but hard evidence to support them is rarely provided. Here’s the evidence we do have […]
Read moreRetail investors in U.S. human resources firm Automatic Data Processing will have a chance to grill billionaire shareholder William Ackman on Tuesday, an innovative bid by the hedge fund manager to seek support in his quest for board seats. The online questions-and-answers session, scheduled for 7 p.m. (2300 GMT), illustrates the important role that non-institutional […]
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