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Market News

Location American Market News for 15 November 2023
Turbo-Charge Your Returns With These 3 Preferred Closed-End Funds I love preferred stocks because they combine several factors of both stocks and bonds to create a powerful combo equity.
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Oil Stock Could Head Back Toward Highs

Forbes - 15 Nov 2023 22:25
Oil Stock Could Head Back Toward Highs Oil name EQT Corp (EQT) pulled back after its recent Nov. 3 one-year high of $45.23, though support at the $39 level captured the dip.
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Encouraging Economic Data Sends Stocks Sharply Higher Stocks and bonds soared higher Tuesday following a weaker than expected Consumer Price Index (CPI) report.
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Here's Where Wall Street Says S&P 500 Will Head Next Year (Don't Expect Record Highs) The worst pain of the rate hiking cycle may be over, but top strategists still expect stocks to deliver a below-trend return next year.
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Retirement Portfolio Investing Strategies To Know Ready to get serious about funding your retirement? Here are some of the best strategies for building an investment portfolio.
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How To Lose Half Your Money In Government Bonds Yes, you can lose half your money in government guaranteed bonds.
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U.S. Crude-Oil Inventories Rise by 3.6 Million Barrels

Wall Street Journal - 15 Nov 2023 21:11
U.S. oil inventories increased by 3.6 million barrels in the week ended Nov. 10, above forecasts calling for a rise of 800,000 barrels.
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Activist ValueAct Builds Stake in Disney

Wall Street Journal - 15 Nov 2023 20:41
The investor bought shares over the summer, when Disney stock was languishing around $80 a share.
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2 Look, we've all loved watching our dividend payers rocket to the moon these past few weeks. Best part is, most of the market has been onboard!
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Retirement planning: It's better to be roughly right than precisely wrong To avoid running out of money in retirement, one is advised to follow conservatism.
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Why many bankers hard-sell guaranteed insurance plans While they earn hefty commissions on these products, investors benefit from the tax sops.
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UBS Spared $2B in Penalties

Wall Street Journal - 15 Nov 2023 18:13
UBS Group won't have to pay around $2B after the French Supreme Court partly overturned a previous court decision, but confirmed a ruling that the bank had helped wealthy clients in France evade taxes.
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How Consumers Are Spending Is a Reason for Cheer

Wall Street Journal - 15 Nov 2023 18:00
Retail spending data was a lot better than the headline figures suggest.
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TJX Companies raised its full year guidance again and said it's expecting a strong holiday as inflation-weary consumers continue to flock to its stores.
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Two members of the five-person board request the board, not just the chairman, oversee the investigation.
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Up 18% This Year, Will Walmart Stock Continue To Grow Past Q3? We expect WMT stock to likely trade lower with revenue and earnings missing consensus marginally in fiscal third-quarter results.
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Why High Interest Rates Are Actually Helping Homebuilder Stocks Such As Lennar & Pulte Mortgage rates in the U.S. have soared to the highest level in more than twenty years, due to the Fed's hawkish stance and the post-pandemic surge in inflation.
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It's Too Soon to Bet on China's Housing Turnaround

Wall Street Journal - 15 Nov 2023 15:34
Chinese housing stocks jumped after an unconfirmed report of stronger support for the market--and very poor housing data.
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Target is still catering to shoppers who are hungry for deals and aren't buying much more than the necessities.
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Is CVS Health Stock Undervalued At $70?

Forbes - 15 Nov 2023 15:00
Is CVS Health Stock Undervalued At $70? CVS Health (NYSE: CVS) reported its Q3 results earlier this month, with revenues and earnings beating the street estimates, and we believe that CVS stock is undervalue...
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Down 40% YTD, Can PEAK Stock Recoup Its Losses? Healthpeak Properties saw its stock trading at around $26 at the end of June 2022, just before the Fed started increasing rates, and is trading 40% below that level now.
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Inflation Isn't Over. Do You Dare Buy A Long Treasury? Two veteran rate watchers offer dramatically different takes on a risky security: the 30-year Treasury.
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