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Market News

Location American Market News for 26 July 2019

America's Public Pensions Are Stuck In The Clouds

Wall Street Journal - 26 Jul 2019 11:30
The funding strength of retirement systems across the U.S. rests on rosy assumptions
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Beijing Praising Duterte, As Filipinos Count Their Losses From His South China Sea flip-flops. Beijing is praising Duterte for promoting its South China Sea agenda; and serving as a "model" for Vietnam, Malyasia, and Indonesia.
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You Down With GDP? (Yeah You Know Me)

Forbes - 26 Jul 2019 16:38
You Down With GDP? (Yeah You Know Me) While GDP was good, it won't cause the Fed to waiver next week as they will deliver a cut and re-affirm their new reaction function.
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Do JPMorgan and Goldman Agree on Apple's Stock Price? Apple stock (NASDAQ: AAPL) has seen some volatility this year, driven by declining iPhone demand and the re-escalation of the U.S. trade war with China. Overall, brokerage firms still remain bullish on the stock, with an...
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Don't Blame A Slowing Economy For Auto Industry Woes More likely dodgy car loans are a big part of the problem.
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Implied The Vanguard Small-Cap Growth ETF Analyst Target Price: $210 For the Vanguard Small-Cap Growth ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $209.55 per unit.
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Tesla Is Still On The Right Track

Forbes - 26 Jul 2019 23:58
Tesla Is Still On The Right Track Gorden Lam, a Marketocracy manager who has given us the best guidance on Tesla, thinks Tesla is still on the right track.
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T-Mobile, Boeing, Disney: Stocks That Defined The Week

Wall Street Journal - 26 Jul 2019 23:44
Behind the record closing highs for the S&P 500 and Nasdaq Composite indexes this week were big moves in these seven stocks.
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The Ever-Political IMF Meddlers Give Boris Johnson Unsolicited Advice No sooner than Boris Johnson put his foot over the threshold of 10 Downing St., the IMF offered its unsolicited advice to the newly elected Prime Minister. The IMF threw cold water on the idea of a no-deal Brexit, assert...
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Radical Transparency for Small Hedge Fund That Lost Big

Wall Street Journal - 26 Jul 2019 20:13
Equinox Energy Fund, a small hedge fund that lost 85% of its clients' money, told investors it was closing with brutal honesty: "We wish to express our deep regret for having launched this fund in January of 2015."
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Congress Considers Carbon Tax Plans That Will Hurt Poor With the reemergence of carbon tax bills on Capital Hill, it is important to remember that this tax will hurt the financially disadvantaged.
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Intel Chips Away at Its Distractions

Wall Street Journal - 26 Jul 2019 20:06
Selling the modem business to Apple should let Intel focus on its more-formidable problems.
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Is China Buckling on Trade Because of African Swine Fever? Is China buckling in the trade war with the U.S. because of an incurable pig disease that it's struggling with?
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Is Personal Care Segment Revenue Driving Unilever's Total Revenue Growth? Unilever's (NYSE:UL) revenue comes from mainly three segments: Personal Care, Home Care, and Food & Refreshments. Here, Trefis analysis shows how important the Personal care segment is to Unilever. For detailed analysis ...
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A money manager is proposing what he calls the Forever Fund. Investors would commit to lock their money up for 10 years at the very least. How good an idea is that?
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Japanese Online Retailer Rakuten Seeks U.S. Bank Charter

Wall Street Journal - 26 Jul 2019 19:15
Japanese online merchant Rakuten Inc. wants to open a bank in Utah to offer loans, credit cards and other financial services to customers of its existing U.S. cashback-shopping business.
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U.S. Government Bonds Gain as Investors Lock In Rate-Cut Bets

Wall Street Journal - 26 Jul 2019 19:14
U.S. government bond prices edged higher after the Commerce Department said the economy grew at a better-than-expected 2.1% in the second quarter.
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The Internal Revenue Service has begun sending letters to more than 10,000 cryptocurrency holders, warning about penalties for failing to report income and pay tax on transactions involving virtual currencies.
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Growth May Be Too Good for Two Fed Cuts

Wall Street Journal - 26 Jul 2019 17:38
The U.S. economy is doing fine and Federal Reserve policy makers are likely to cut rates next week anyway. Unless things take a real turn for the worse, though, a second cut may not be in the offing.
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Consumer-Focused Companies Soar Toward New Highs

Wall Street Journal - 26 Jul 2019 17:36
One of the hottest stock-trading strategies lately is buying shares of stable consumer companies, a sign that investors are hedging their bets by picking up shares of firms they believe will provide returns in a struggli...
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Market Optimistic Amid Solid Earnings As GDP Comes In Above Forecast Strong earnings from big names have helped to boost market sentiment this morning, and a stronger-than-forecast GDP number hasn't drastically changed expectations of a Fed rate cut.
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Steady GDP Report Could Alter Bets on Several Rate Cuts

Wall Street Journal - 26 Jul 2019 15:40
Friday's report on second-quarter economic activity could challenge investor projections for several rate cuts this year, a potential hurdle for the market rally.
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