Financial Advisors Take A Closer Look At Tesla As Stock Tops $300 On Surprise Profit

The second half of October was a positive one for investors as third-quarter earnings season showed most companies reporting better than expected results, Brexit was postponed, the US and China progressed with their trade deal, and the Fed cut the interest rates again. After having announced a “phase one” trade deal, the US and China continued to work out the details with some degree of success as trade negotiators from both countries continue their talks and expect an agreement to be signed in November.
There were also some updates regarding Brexit as the UK and the EU managed to figure out a new deal. However, before the deal was approved, the British Parliament voted to request Prime-Minister Boris Johnson to ask for another delay, which the EU granted, postponing the UK’s leave of the bloc until January 31. In the meantime, the UK is expected to hold a general election in December.

Financial Advisors Look Closer At Fannie Mae As Government Looks To End Conservatorship

Amid an uplifting start of the earnings season, a potential trade deal with China and new Brexit deal, the US stock market had a solid run in the first two weeks of October. The S&P 500 and the Dow Jones Industrial Average gained 1.96% and 1.70%, respectively, while the NASDAQ Composite appreciated by 3.14% through October 17. However, there also have been some worrisome developments that put investors on alert. On the first day of the month, the September ISM manufacturing PMI showed a decline to 47.8% from 49.1% in August, also missing the consensus estimate of 50%. A PMI figure below 50% usually shows that the manufacturing sector is in recession. In addition, the September non-farm payroll figures released by the Department of Labor showed a growth of 136,000 jobs, lower than the previous month’s figure of 168,000 and below the consensus of 145,000. However, the unemployment rate inched lower to 3.5%. Both ISM manufacturing PMI and nonfarm payroll concerned investors, with experts believing that the data could incentivize the Fed to cut interest rates later this month. At the same time, US trade relations with the rest of the world took a couple of interesting turns. On the one hand, following negotiations, the US and China reached a phase one deal that reportedly covers agricultural purchases, intellectual property and financial services. However, the enforcement of the deal is still being worked out...

Financial Advisors Look Up Dan Bilzerian’s Ignite International Brands As Stock Sees Surge In Momentum

The US stock market ended September in the green amid signs of ease in trade tensions with China and monetary policy moves from the Fed in line with expectations. At the beginning of the month, China and the US agreed to hold a fresh round of negotiations in early October and China extended an olive branch by first exempting 16 American products from higher tariffs and then adding some agricultural products to the list, including soybeans and pork. At the same time, on September 18, the Fed reduced the Federal Funds target rate by 25 basis points to 1.75% - 2.00%, marking the second cut in a row. Fed Chair Jerome Powell said the central bank expects the economy to continue moderate growth, but uncertainty over trade and Brexit remains. On the other side of the Atlantic, the European Central Bank also cut its deposit rate by 10 basis points to -0.50% last month. It also announced a restart of Quantitative Easing from November 1. Amid these two main developments, the S&P 500 gained 2.42% in September, while the Dow Jones Industrial Average appreciated...

Financial Advisors Eye Uber As Stock Tanks On Disappointing Q2 Results

The US stock market lost ground in August as investors were processing what was left of earnings season, the July interest rate cut and continuing uncertainty about the global economy and US-China trade tensions. The Dow Jones Industrial Average inched down by 0.86% in August. The S&P 500 performed a bit better, ending the month 0.53% in the red. On the other hand, tech-heavy NASDAQ Composite slid by 1.66%. August started with President Trump saying he’ll authorize an additional 10% tariff on $300 billion worth of goods and products from China as of September 1, sending stocks into a dive. China responded by saying that it doesn’t want a trade war but will have to take countermeasures if the tariffs go into effect. Less than a week later, Beijing announced it was going to suspend purchases of US agricultural products. Trump retaliated further saying on August 23 that he’ll boost the 25% tariff on $250 billion worth of Chinese goods to 30% as of October 1. China responded by putting tariffs on $75 billion worth of US goods starting September 1, as well as a 25% tariff on cars and a 5% tariff on car parts imported from the US starting December 15.

Small-Cap Karyopharm Therapeutics Captures Financial Advisors’ Attention Following FDA Approval of Cancer Drug

The US stock market posted relatively modest gains in July, with trade, earnings, and monetary policy dominating headlines throughout the month. The S&P 500 and Dow Jones Industrial Average inched up by 0.54% and 0.55%, respectively. The tech-heavy NASDAQ Composite appreciated by 1.04%. The month had a mixed start, with some positive signals from the ongoing US-China trade dispute. On June 29, it was announced that the US would restart trade negotiation...

Financial Advisors Focus On Encana As Company Completes Buyback Program; Canada Authorizes Pipeline

The US stock market had a successful June with all three main indexes gaining quite a lot of ground. The S&P 500 appreciated by 7.19% and the Dow Jones Industrial Average advanced by 7.17%. During the same period, the NASDAQ Composite surged by 9.18%. Among the main themes that dominated the market last month were trade, geopolitics, and interest rates. Even though the US-China trade deal saw no conclusion this month, there were assurances from the White House that it’s almost complete. Treasury Secretary Steve Mnuchin said the deal was 90% complete towards the...

Financial Advisors Watch Beyond Meat Following Successful IPO, Hype, and Mixed Analyst Opinions

The US stock market declined in May as US-China trade talks remained the dominating theme, with earnings, interest rates, and Brexit also impacting investor sentiment.
The tech-heavy NASDAQ Composite declined the most among the three benchmark indexes, falling by 7.41% mainly on the back of trade concerns. The S&P 500 and Dow Jones Industrial average lost 5.87% and 6.11%, respectively.
The month kicked off with the Federal Open Market Committee maintaining interest rate levels. Markets reacted positively to the decision as well as the Fed’s statement that economic growth and job creation were somewhat stronger than anticipated. April non-farm payroll data showed 263,000 jobs created, much higher than the expectation of 180,000 and the previous month’s figure of 189,000. First-quarter GDP grew by 3.1%, beating the consensus estimate by 0.1 percentage point.
Meanwhile, US-China trade talks seemed to move nowhere. Trade tensions increased after President Trump said China “reneged” on its promises to make changes to its economic practices and slapped tariffs of up to 25% on $200 billion worth of Chinese goods. Beijing retaliated by targeting $60 billion worth of US goods. Eyes are now on the G20 summit in Osaka at the end of June, where President Trump and China’s leader Xi Jinping are expected to meet.
On the other side of the Atlantic, Brexit drama continued to unveil. After appealing to the Parliament with a new repackaged deal and failing to win support, British Prime Minister Theresa May announced that she will resign on June 7. There are 13 people that declared their intention to run for the opening, including one of the main proponents of Brexit, former Foreign Secretary Boris Johnson, who is currently the frontrunner...

Financial Advisors Eye Trade Desk Following Stellar Q4 Report, China Launch, and Potential Threat From Google

The US stock market gained some ground in March, with the tech-heavy NASDAQ Composite leading the pack among major indexes with a 3.08% gain. The S&P 500 increased by 2.26%, while the Dow Jones Industrial Average inched up by 0.89%.
The usual topics impacted market performance last month. It started on a positive note, with 2.9% GDP growth figures coming in for 2018. In addition, the White House sent signals suggesting that it is in the final stages of negotiating a trade deal with China, which would remove uncertainty that has been gripping the markets for months. However, no deal has been reached yet and there are reports of talks still being in progress. As March progressed, the mood was offset by less positive developments. The non-farm payroll report, while showing a decline in unemployment to 3.8%, also showed the addition of just 20,000 jobs in February, much lower than the expected 181,000 and the previous month’s figure of 311,000. Investors also worried about a slowdown in global growth sparked by weak economic data from around the globe. In Europe growth concerns lingered...

Financial Advisors Focused On Earnings Reports

The main US stock market indices inched up higher in February amid a strong earnings season that offset ongoing political turmoil and trade concerns. The S&P 500 closed the month up 2.88%, while the Dow Jones Industrial Average advanced by 3.40%. The NASDAQ Composite gained 3.70%. February saw the bulk of the fourth-quarter earnings season conclude. According to FactSet, by March 1, 96% of companies in the S&P 500 reported their results for the quarter...

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