S&P 500 Has More Room To Run After Most Institutions Missed Out on Stock Market Rally: Citi Executive
An executive at the banking titan Citi says that the S&P 500 (SPX) is not done rallying after most financial institutions were caught off guard by the sudden stock market recovery.
In a new interview on CNBC Television, Stuart Kaiser, Citi’s head of US equity trading strategy, says that after the weekend’s productive trade talks between China and the US sent stocks soaring,
Read MoreStock Market Live May 14: S&P 500 (VOO) Rises as IPOs Return to Popularity
This article will be updated throughout the day, so check back often for more daily updates.
Israeli cryptocurrency and stocks trading platform eToro priced its US IPO at $52 per share this morning,
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Read MorePrices for goods and services increased .2% last month, federal agency says
Prices paid by consumers for goods and services increased .2% in April, the U.S. Bureau of Labor Statistics has announced. The agency, calculating the increase on an adjusted basis, said in a news release Tuesday that the greatest rise in prices, at 3.7%, was for piped gas services. The largest decrease, according to the bureau,
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Read MoreTesla to reconsider Elon Musk compensation after Delaware court struck down $56B pay package
Tesla’s board has reportedly formed a special committee to reconsider CEO Elon Musk’s pay, potentially setting the stage for a new compensation package as the company faces mounting legal and investor pressure.
The move comes in response to a Delaware court decision that invalidated Musk’s historic $56 billion stock award from 2018.
Read MoreLIVE UPDATES: Walmart Just Revealed What’s Really Going on in the Economy
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Walmart can’t absorb all the pressure from tariffs,
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Read MoreThe Burst
How To Make 100% In Next 11 Months
The most important Federal Reserve announcement ever led to about as much excitement yesterday as two turtles racing to a finishing line.
Prior to the announcement by Chairman Jerome Powell, the market had forecast, with 68% probability, a 50bps rate cut.
That alone signaled that the market had priced in precisely what the Fed delivered and so when expectations became reality not a whole lot happened.
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Read MoreThe Ivy
Is This Insane 14.9% Dividend Yield Safe?
Dividends have historically been an extremely important factor in investors’ overall returns in the stock market, providing liquid income and creating opportunities for growth through reinvestment.
Today, though, soaring stock prices associated with expectations of high future growth have sent dividend yields well below their historical averages. The S&P 500 today yields just 1.2%,
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Read MoreThe Spotlight
457 Million Reasons to Buy This Auto Stock
When you find an investment manager overseeing $1.2 billion, it warrants further investigation when they bet one fifth of their entire portfolio on a single stock. Yet that’s exactly the conviction that Impactive Capital demonstrated by betting 20.4% of their portfolio on an automotive retailer.
Amid the universe of thousands of stocks, what is it that Impactive portfolio managers saw in Asbury Automotive that motivated them to allocate $457 million of their fund to it?
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