|Day's range||2,644.10 - 2,651.65|
|52-week range||2,233.62 - 2,665.19|
TOKYO (AP) — Share prices were higher in Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor's 500 index to its third straight weekly gain on Friday despite weakness earlier in the week.
Micron Technology, Adobe Systems and Red Hat are 3 tech leaders with 95+ Composite Ratings that found support at their 50-day lines with earnings on tap.
This year’s boom in financial markets has taken things to "late cycle," but the cycle has a little ways to go yet, according to JPMorgan Chase & Co.
The Australian share market has started higher as local investors build on the positive momentum from Wall Street on Friday. The local market is expected to remain pretty steady in today's session, Macquarie Private Wealth division director Lucinda Chan says.
Investors often exercise tax-loss selling strategies, dumping stocks that have performed poorly in order to reduce or eliminate capital gains taxes, as the year draws to a close. Among smallcap names, Mirati Therapeutics tumbled 11.2 per cent in December 2016 en route to a drop of about 85 per cent for the year.
NEW YORK: US stocks have advanced, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the US Federal Reserve next week and raised optimism about economic ...
Broadcom Ltd. shares on Thursday close exactly where they finished on Wednesday, after an initial jump, prompted by a majority of analysts hiking price targets, fizzled out a day after the chipmaker’s ...
Most Asian markets rose Monday, tracking fresh records on Wall Street following forecast-busting US jobs data, as investors eyed the Federal Reserve's latest policy meeting later this week. The advance helped staunch a sell-off that has hit global markets for most of this month as traders wind down for the end of the year, while tech firms took a hit from profit-taking. In Asian trade, Tokyo ended the morning slightly higher, while Hong Kong and Shanghai each added 0.2 percent, Singapore put on 0.4 percent and Taipei jumped 0.8 percent.
Strong leads from international markets are expected to send Australian shares into positive territory when trade resumes on Monday. AMP Capital chief economist Shane Oliver says the benchmark S&P/ASX200 is likely to gain at least 20 points at the open, after better-than-expected jobs figures buoyed US stocks on Friday and Eurozone shares closed 0.6 per cent higher. The payroll report in the US, which showed jobs rose by 228,000 in November, helped push the benchmark S&P 500 up by 0.55 per cent.
How does a 25% flash crash in the S&P 500 sound? Or bitcoin peaking at $60,000 before sinking to $1,000? Or maybe even the U.S. Treasury sidelining the Fed and enacting a yield cap?
Next week the Federal Reserve is widely expected to deliver the third and final rate increase of 2017 and the stock market does not seem to even blink an eye about it
The U.S. Dollar rose against a basket of major currencies on Friday after government data showed the economy created more jobs than expected in November. While the rally was mostly driven by the headline number, gains were limited by average hourly earnings data that analysts said were disappointing.
The S&P 500 pulled back drastically during the week, but found enough support underneath to turn around and form a hammer by the end of the week as the jobs number was slightly larger than anticipated in America.
As a result, we have leaned toward winners that still have plenty of room to rise in picking Barron’s 10 favorite stocks for 2018. The other six companies are Pioneer Natural Resources (PXD), Applied Materials (AMAT), Enterprise Products Partners (EPD), Ally Financial (ALLY), Anthem (ANTM), and US Foods Holding (USFD). Alphabet offers one of the best combinations of growth and valuation among megacap companies.
Industry Update—Restaurants by Canaccord Genuity Dec. 7: Our U.S. casual-dining update shows a second consecutive positive month, as we project November same-store sales [SSS] up approximately 0.6%, within our prior estimate range of flat to up 1%. On average in November, restaurant stocks notched a price return of 5.5% compared with the broad market of 2.9%, measured against the Standard & Poor’s 1500 index. -- Lynne Collier, Philip May The Daily Disruptor by DataTrek Dec. 7: One investment theme we hear a lot with regard to large-cap tech stocks is that these companies enjoy a “monopoly” in their core businesses: Alphabet/Google for internet search, Facebook for social media, Amazon.com for online shopping, and Apple for (presumably) making both cool stuff and the software to go with it.
“That we are having a major speculative splurge as this is written is obvious to anyone not captured by vacuous optimism,” wrote John Kenneth Galbraith, who was a far better historian and writer than economist. The $255 billion market capitalization of Bitcoin (as of Friday—it surely will be different by the time you read this) tops that of all but the biggest stocks of the Standard & Poor’s 500 index.
Donald Trump’s election as president in 2016 turned a bull with a midlife crisis into a high-powered charger, as investors cheered the Republicans’ pro-growth agenda and bid up anything that might benefit. The S&P 500 could gain about 7%, mirroring similar gains in corporate profits, according to the consensus forecast of 10 investment strategists at major U.S. investment banks and money-management firms surveyed by Barron’s each December. The outlook isn’t entirely rosy: Interest rates are headed higher, stocks are expensive, and a tax overhaul could still stall or fail.
After cratering during the financial crisis a decade ago—dividends for companies in the Standard & Poor’s 500 index dropped 21% in 2008—double-digit increases were the norm from 2011 through 2015, thanks in no small part to low-cost borrowing. After rising by only 5% in 2016, S&P 500 payouts are expected to climb about 8% this year, according to Goldman Sachs. Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, expects S&P 500 companies to grow their payouts in the 6% to 8% range next year.
The Dow and the S&P 500 finished the week higher, while the Nasdaq just missed after U.S. payrolls surprised to the upside. The S&P 500 rose 0.4% this week after gaining 0.6% to 2651.50 today, an all-time high, while the Dow Jones Industrial Average advanced 97.57 points, or 0.4%, this week after rising 117.68 points, or 0.5%, to 24329.16, also a record. The Nasdaq Composite dipped 0.1% this week advancing 0.4% to 6840.08 today.
NEW YORK (AP) — Stocks rose Friday following a better-than-expected U.S. jobs report, and the strong finish pushed the Standard & Poor's 500 index to its third straight weekly gain despite some weakness earlier in the week.