Investing

Investors should prepare for a near 1 percentage point increase on the U.S. 10-year sovereign bond yield before the end of 2018, according to one investment manager, who cited robust wage growth and tightening monetary policy. The 10-year U.S. Treasury note is a benchmark government bond that helps set prices for debt instruments all over
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The historic bull market in global equities still has room to run, according to Citigroup’s equity strategy team, which advised clients Wednesday to continue to buy. The firm’s analysts wrote that Citi’s bear market checklist — a diagnostic used to monitor symptoms of a downturn in equities — suggests than only three of 18 “red
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The removal of General Electric from the Dow Jones Industrial Average after 111 years says more about stock market indices than it does about GE. In the statement announcing the addition of Walgreens Boots Alliance, David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said that “consumer, finance, health
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Patrick Kaser, managing director and portfolio manager at Brandywine Global, believes free cash flow is a key determining factor in whether or not a company will be a lucrative investment. Earnings, however, are not always indicative of a successful company. “There are many ways to manipulate earnings, earnings per share, GAAP, non-GAAP, but there’s very
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As America gets set to celebrate its 242nd birthday with multi-colored fireworks bursting in air, the suppliers of those pyrotechnics are starting to worry about whether they’ll get stuck in the middle of a trade war. So far, the Trump administration has not included the $1.24 billion fireworks industry on its list of China tariff
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PepsiCo’s profitability will suffer due to commodity price inflation this year, according to Deutsche Bank. The firm lowered its rating on PepsiCo shares to hold from buy, predicting the company will report earnings below expectations this year. Analyst Steve Powers reduced his earnings per share forecast for PepsiCo’s fiscal 2018 to $5.62 from $5.69 versus
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Financial stocks were thought to be the market’s darlings at the beginning of 2018, as a marriage between the Trump administration’s deregulation efforts and an increasingly hawkish Federal Reserve should have created the sector’s picture-perfect environment. The price action couldn’t have been more different. Financials badly underperformed the broader market in the first half of
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Roku stock is primed for a comeback as the online streaming platform starts to leverage its role as a leading over-the-top television provider, Oppenheimer says. Oppenheimer analyst Jason Helfstein on Monday upgraded shares of the Los Gatos, California-based pay TV company to outperform from perform, advising clients that the company’s homegrown Roku Channel will likely
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Casino stocks fell sharply on Monday on weaker-than-expected gaming revenue data out of Macau. Macau’s Gaming Inspection and Coordination Bureau said gaming revenue for June increased by 12.5 percent to $2.78 billion on a year-over-year basis. Analysts polled by Reuters expected revenue to jump between 17 and 21 percent for June. Shares of Wynn Resorts
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