Today’s article discusses why the market fell and why investors worldwide are nervous. Here’s what they had to say, “Weakness in China, the world’s second-largest economy, is a major concern for traders. Two separate reports that came out Tuesday morning showed continued sluggishness in China’s manufacturing sector. The IMF also warned Tuesday that China’s slowdown will have an impact on the rest of the global economy.” To read more, CLICK HERE.
Looking for stocks that are standing up against correction? Today’s article highlights five stocks that could thrive in correction. Here’s what they had to say, “Each of these stocks have posted average gains in the five corrections prior to the current one, beat the market during each of those periods and are holding up better than the market during the current downturn, according to a USA TODAY analysis of data from S&P Capital IQ.” To check them out and to read more, CLICK HERE.
If you’re a bargain shopper you may have found last week not as scary as everyone else. You wait for prices to go down just enough before you swoop in and buy at a steal the only problem is this time, there may be no bargain. Today’s article explains, “At Friday’s close, the S&P 500 traded at 16.1 times analysts’ estimates of the earnings that companies will report over the next year, according to FactSet. This metric, known as the market’s forward price-to-earnings ratio, has indeed fallen over the past five months. But it is still well above its ten-year average of around 14.” To read more, CLICK HERE.
Last week was not good. In case you missed it, stocks really took a turn for the worse and put us in an official corrections. However, before you panic, you may want to read today’s article, which explains why being in a correction may not be all that bad. Here’s what they had to say, “It’s important to remember that not all corrections morph into bear markets. * In the summer of 2011: The S&P 500 sank nearly 19%. Yet stocks regrouped and wound up doubling in value ever since—and that’s after counting the recent market losses.” To read more, CLICK HERE.
Today was not a good day. This may not come as a surprise especially lately with the market performing as poorly as it has been but today’s article explains why today was a particularly bad day in the market. Here’s what happened, ” The Standard & Poor’s 500 index dropped 4.72 points, or 0.2 percent, to 2,093.32. The Dow Jones industrial average dropped 47.51 points, or 0.3 percent, to 17,550.69. The Nasdaq composite fell 9.84 points, or 0.2 percent, to 5,105.55. Allstate was among the biggest decliners in the S&P 500. The insurer dropped $7.04, or 10 percent, to $62.34 after reporting earnings that fell significantly short of analysts’ expectations. The company said its earnings dropped because of more frequent and more severe auto accidents.” But it may not be all bad news. To read more, CLICK HERE.
Today’s article explains what’s happening with oil and whether you should consider selling. Here’s what they had to say, “West Texas Intermediate crude settled more than 1 percent higher Tuesday, and shares of ExxonMobil, Chevron and British Petroleum—all hit hard by a nearly 50 percent dip in U.S. crude in the last year—rose more than 3 percent. But investors may want to dump those stocks as prices could stay in a low range for six months to a year, said Fadel Gheit, a senior energy analyst at Oppenheimer.” To read more, CLICK HERE.
Today’s article explains what happened to Gold and what you can expect. Here’s what they had to say, “Gold prices fell off a cliff on Monday, sending bullion producers’ stocks into a tailspin. Prices for the yellow metal plummeted to its lowest level in more than five years as the U.S. dollar strengthened amid expectations of an interest rate hike.” To read more, CLICK HERE.
It’s amazing when analysts seem to know what a stock price will be a week, a month and even sometimes a year from now. But because they aren’t mind readers and don’t own any (to our knowledge) crystal balls it’s hard to determine how accurate these readings can be. Today’s article discusses this dilemma. Here’s how they describe what analysts need to do, “To come up with their individual estimates, these analysts have to project what a company’s business will look like a year from now, typically focusing on its earnings, among other factors. Then they need to account for how much investors will be willing to pay for those earnings. In other words, after forecasting a company’s earnings — which is the “e” in a stock’s price/earings ratio — analysts have to determine the price (or “p”) that investors will assign that company.” To read more, CLICK HERE.
“May the odds be ever in your favor,” that line may be from the wildly popular franchise The Hunger Games but it also sounds like the phrase we should hear when we drop in our hat in the stock market. Today’s article discusses how the Dow’s performance historically for the month of June is less than spectacular and will either be down or up, it’s a slightly worse than 50/50 chance. Here’s what they had to say, “It’s often said that it makes sense to stay in the stock market because it goes up more than two-thirds of the time, if not more. But that’s not the case in June. If you look at performance of the blue-chip stock gauge going back 100 years, the Dow has posted positive returns in June just 49% of the time, according to Bespoke.” To read more, CLICK HERE.
Today’s article discusses a stock that sky rocketed 10,000% in just a few hours. What happened? What stock was it? And will investors get their earnings? Here’s what they had to say about the stock,”…Riviera Tool (RIVT), a machining company based in Grand Rapids, Mich. The Detroit Free Press reported Wednesday night that electric-car maker Tesla Motors (TSLA) plans to acquire Riviera Tool, and its stock went through the roof in over-the-counter trading.” To read more, CLICK HERE.