U.S. Stock Futures Holding Solid Gains into Open (INDEXNASDAQ:.IXIC) – The Articlebasis.com

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U.S. stock futures were maintaining solid gains into Friday’s open with the Dow outperforming as component stock Nike (NKE) announced a $12 billion stock buy-back program and healthcare stocks recovered from Thursday’s sell-off. European equities got a shot-in-the-arm early this morning on comments from European Central Bank president Mario Draghi that solidified expectations for a December rate cut. But gains were tempered by another terrorist attack in the West African country of Mali, and weakness in the energy complex.

Get a free copy of the Zacks research report on NASDAQ Composite (.IXIC)

The stock decreased 0.05% or $2.44 on November 23, hitting $5102.48. NASDAQ Composite (INDEXNASDAQ:.IXIC) has risen 6.00% since October 25, 2015 and is uptrending. It has outperformed by 7.01% the S&P500.

U.S. Stock Futures Holding Solid Gains into Open

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TOM LEE: Stocks are the new bonds (SPY, DJI, IXIC, QQQ, SPX, TLT, TLO, USD … – Daily Clay County Advocate-Press

Business Insider

One of Wall Street’s most bullish stock-market strategists has given clients another reason to buy more stocks in 2016.

For Fundstrat’s Tom Lee, the higher yield investors can get from stocks instead of bonds is another reason to own equities, besides the built-in upside potential for stocks he projects.

And so, in 2016, stocks are the “new bonds”, according to Lee in a note on Friday. His 2015 year-end target for the S&P 500 is 2,325.

He wrote, “Equity valuations are also finding support from dividends. The drop in equity prices has pushed dividend yields to over 2.2%, and given the current 10Y yield of 2.23%, means equities are now yielding essentially the same as 10Y bonds. In fact, this yield is even greater when taking into account the differences in taxation.

The chart below illustrates that the gap between dividend yields and the treasury 10-year yield has been widening.

Lee used Walmart as an example of a company whose stock-dividend yield is paying more than its own bond yield.

As an AA-rated issuer, the company is paying a yield of 2.7% on the long-term debt, lower than the stock’s yield of 3.2%.

Lee wrote that this means “the equity pays a yield 49bp higher than the AA-rated bonds — does this make any sense?”

Lee noted that there are 130 companies on the S&P 500 whose dividend yield is higher than their long-term bond yields. Most of them are in the financials, utilities, energy and industrials sectors, and have have credit that’s BBB- to A-rated.

Besides Walmart, others include Coca-Cola, Target, and Pfizer.

And if it happens that stocks get even cheaper, Lee says companies would salvage this by buying back their own shares.

NOW WATCH: How a successful investment banker used insider information to bankroll his mistress and child

See Also:

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DOW FALLS 200: Here's what you need to know (SPY, DJI, IXIC, SPX, USO, WTI … – Sentinel-Standard

Business Insider

traderAP

Stocks had a rough session on Friday as retail stocks sold off and the S&P 500 went deeper into the red for the year.

It was the worst week for stocks since August.

First, the scoreboard:

  • Dow: 17,245.24, -202.83, (-1.16%)
  • S&P 500: 2,023.04, -22.93, (-1.12%)
  • Nasdaq: 4,927.88, -77.20, (-1.54%)

And now, Friday’s top stories:

  • Retail stocks sold off after some more weak earnings. JC Penney shares dropped by as much as 16% after the retailer reported an earnings loss, although it was smaller than expected. Nordstrom continued to tank, and fell by as much as 16%, after results released on Thursday were worse than expected.
  • Deutsche Bank analysts thought Nordstrom’s results were a sign of something fishy in the overall economy. “With a superior business model, in our view, that is half high-end dept. store, 30% off-price, and 20% online, this level of deceleration is a potential cautionary tale of the US consumer’s health,” they wrote in a client note.
  • And then, retail sales whiffed. Headline sales rose 0.1% month-on-month in October, missing the forecast for 0.3%. Excluding auto and gas sales, core retail sales rose 0.4% during the month, matching the estimate. The September print was revised lower, to -0.4% from -0.3%. Sales were weighed down by a 0.9% drop in gas prices. The rest of the details were fairly good, as restaurant, sporting goods, and furniture sales all rose. Those aren’t things consumers spend on when they’re in “dire straits”, said BMO Capital Markets’ senior economist Jennifer Lee.
  • In other economic data, producer prices unexpectedly fell 0.4%, and 0.3% excluding food and energy costs. BNP Paribas’ Laura Rosner wrote to clients that a drop in the prices of light motor trucks and margins for fuels and lubricants retailing were “unusual factors” that contributed to the unexpected decline.
  • The University of Michigan’s preliminary consumer sentiment index for November was 93.1, higher than the forecast for 91.5. Consumer confidence was lifted by an upbeat outlook in the domestic economy. And, their inflation-adjusted income expectations were at the highest level since 2007. However, inflation expectations fell, to 2.5% for one-year ahead, and 2.5% — an all-time low — for five to ten years ahead.
  • The US oil rig count rose for the first time in 11 weeks. Data from driller Baker Hughes showed that the count rose by two to 574, while the combined count of oil and gas rigs fell by four to 767.
  • Crude oil fell 3% and came very close to $40 per barrel for the first time in two and a half months. West Texas Intermediate crude oil futures dropped to as low as $40.47 per barrel in New York. The International Energy Agency said in its monthly report that the supply glut was worsening, and demand is expected be weaker next year.
  • Fitbit shares tanked 14% after the company offered up a sale of shares. In a regulatory filing on Friday, Fitbit said it was selling three million shares of common stock, down from seven million originally announced. It priced them at $29 a piece, below Thursday’s closing price of $31.68 per share. The stock priced at $20 per share at the IPO in June, and is down 8% from then.
  • Fossil shares collapsed 32% after the watchmaker reported a drop in sales. Macquarie analysts noted to clients that with inventories up 7% in the third quarter, and a decline forecast for fourth quarter sales, profit margins face a tough future. They were “absolutely perplexed” by the results.

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TOM LEE: Stocks are the new bonds (SPY, DJI, IXIC, QQQ, SPX, TLT, TLO, USD … – Seacoastonline.com

© Copyright 2015 Local Media Group, Inc. All Rights Reserved.   Privacy Policy | Terms of Service | Local Media Group Publications
Original content available for non-commercial use under a Creative Commons license, except where noted.
seacoastonline.com | 111 New Hampshire Ave., Portsmouth, NH 03801

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DOW FALLS 200: Here's what you need to know (SPY, DJI, IXIC, SPX, USO, WTI … – Sentinel-Standard

Business Insider

traderAP

Stocks had a rough session on Friday as retail stocks sold off and the S&P 500 went deeper into the red for the year.

It was the worst week for stocks since August.

First, the scoreboard:

  • Dow: 17,245.24, -202.83, (-1.16%)
  • S&P 500: 2,023.04, -22.93, (-1.12%)
  • Nasdaq: 4,927.88, -77.20, (-1.54%)

And now, Friday’s top stories:

  • Retail stocks sold off after some more weak earnings. JC Penney shares dropped by as much as 16% after the retailer reported an earnings loss, although it was smaller than expected. Nordstrom continued to tank, and fell by as much as 16%, after results released on Thursday were worse than expected.
  • Deutsche Bank analysts thought Nordstrom’s results were a sign of something fishy in the overall economy. “With a superior business model, in our view, that is half high-end dept. store, 30% off-price, and 20% online, this level of deceleration is a potential cautionary tale of the US consumer’s health,” they wrote in a client note.
  • And then, retail sales whiffed. Headline sales rose 0.1% month-on-month in October, missing the forecast for 0.3%. Excluding auto and gas sales, core retail sales rose 0.4% during the month, matching the estimate. The September print was revised lower, to -0.4% from -0.3%. Sales were weighed down by a 0.9% drop in gas prices. The rest of the details were fairly good, as restaurant, sporting goods, and furniture sales all rose. Those aren’t things consumers spend on when they’re in “dire straits”, said BMO Capital Markets’ senior economist Jennifer Lee.
  • In other economic data, producer prices unexpectedly fell 0.4%, and 0.3% excluding food and energy costs. BNP Paribas’ Laura Rosner wrote to clients that a drop in the prices of light motor trucks and margins for fuels and lubricants retailing were “unusual factors” that contributed to the unexpected decline.
  • The University of Michigan’s preliminary consumer sentiment index for November was 93.1, higher than the forecast for 91.5. Consumer confidence was lifted by an upbeat outlook in the domestic economy. And, their inflation-adjusted income expectations were at the highest level since 2007. However, inflation expectations fell, to 2.5% for one-year ahead, and 2.5% — an all-time low — for five to ten years ahead.
  • The US oil rig count rose for the first time in 11 weeks. Data from driller Baker Hughes showed that the count rose by two to 574, while the combined count of oil and gas rigs fell by four to 767.
  • Crude oil fell 3% and came very close to $40 per barrel for the first time in two and a half months. West Texas Intermediate crude oil futures dropped to as low as $40.47 per barrel in New York. The International Energy Agency said in its monthly report that the supply glut was worsening, and demand is expected be weaker next year.
  • Fitbit shares tanked 14% after the company offered up a sale of shares. In a regulatory filing on Friday, Fitbit said it was selling three million shares of common stock, down from seven million originally announced. It priced them at $29 a piece, below Thursday’s closing price of $31.68 per share. The stock priced at $20 per share at the IPO in June, and is down 8% from then.
  • Fossil shares collapsed 32% after the watchmaker reported a drop in sales. Macquarie analysts noted to clients that with inventories up 7% in the third quarter, and a decline forecast for fourth quarter sales, profit margins face a tough future. They were “absolutely perplexed” by the results.

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

DOW FALLS 200: Here's what you need to know (SPY, DJI, IXIC, SPX, USO, WTI … – Sentinel-Standard

Business Insider

traderAP

Stocks had a rough session on Friday as retail stocks sold off and the S&P 500 went deeper into the red for the year.

It was the worst week for stocks since August.

First, the scoreboard:

  • Dow: 17,245.24, -202.83, (-1.16%)
  • S&P 500: 2,023.04, -22.93, (-1.12%)
  • Nasdaq: 4,927.88, -77.20, (-1.54%)

And now, Friday’s top stories:

  • Retail stocks sold off after some more weak earnings. JC Penney shares dropped by as much as 16% after the retailer reported an earnings loss, although it was smaller than expected. Nordstrom continued to tank, and fell by as much as 16%, after results released on Thursday were worse than expected.
  • Deutsche Bank analysts thought Nordstrom’s results were a sign of something fishy in the overall economy. “With a superior business model, in our view, that is half high-end dept. store, 30% off-price, and 20% online, this level of deceleration is a potential cautionary tale of the US consumer’s health,” they wrote in a client note.
  • And then, retail sales whiffed. Headline sales rose 0.1% month-on-month in October, missing the forecast for 0.3%. Excluding auto and gas sales, core retail sales rose 0.4% during the month, matching the estimate. The September print was revised lower, to -0.4% from -0.3%. Sales were weighed down by a 0.9% drop in gas prices. The rest of the details were fairly good, as restaurant, sporting goods, and furniture sales all rose. Those aren’t things consumers spend on when they’re in “dire straits”, said BMO Capital Markets’ senior economist Jennifer Lee.
  • In other economic data, producer prices unexpectedly fell 0.4%, and 0.3% excluding food and energy costs. BNP Paribas’ Laura Rosner wrote to clients that a drop in the prices of light motor trucks and margins for fuels and lubricants retailing were “unusual factors” that contributed to the unexpected decline.
  • The University of Michigan’s preliminary consumer sentiment index for November was 93.1, higher than the forecast for 91.5. Consumer confidence was lifted by an upbeat outlook in the domestic economy. And, their inflation-adjusted income expectations were at the highest level since 2007. However, inflation expectations fell, to 2.5% for one-year ahead, and 2.5% — an all-time low — for five to ten years ahead.
  • The US oil rig count rose for the first time in 11 weeks. Data from driller Baker Hughes showed that the count rose by two to 574, while the combined count of oil and gas rigs fell by four to 767.
  • Crude oil fell 3% and came very close to $40 per barrel for the first time in two and a half months. West Texas Intermediate crude oil futures dropped to as low as $40.47 per barrel in New York. The International Energy Agency said in its monthly report that the supply glut was worsening, and demand is expected be weaker next year.
  • Fitbit shares tanked 14% after the company offered up a sale of shares. In a regulatory filing on Friday, Fitbit said it was selling three million shares of common stock, down from seven million originally announced. It priced them at $29 a piece, below Thursday’s closing price of $31.68 per share. The stock priced at $20 per share at the IPO in June, and is down 8% from then.
  • Fossil shares collapsed 32% after the watchmaker reported a drop in sales. Macquarie analysts noted to clients that with inventories up 7% in the third quarter, and a decline forecast for fourth quarter sales, profit margins face a tough future. They were “absolutely perplexed” by the results.

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

TOM LEE: Stocks are the new bonds (SPY, DJI, IXIC, QQQ, SPX, TLT, TLO, USD … – Stockton Record

© Copyright 2015 Local Media Group, Inc. All Rights Reserved.   Privacy Policy | Terms of Service | Local Media Group Publications
Original content available for non-commercial use under a Creative Commons license, except where noted.
recordnet.com | 530 East Market Street, Stockton, CA 95202

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

DOW FALLS 200: Here's what you need to know (SPY, DJI, IXIC, SPX, USO, WTI … – Sentinel-Standard

Business Insider

traderAP

Stocks had a rough session on Friday as retail stocks sold off and the S&P 500 went deeper into the red for the year.

It was the worst week for stocks since August.

First, the scoreboard:

  • Dow: 17,245.24, -202.83, (-1.16%)
  • S&P 500: 2,023.04, -22.93, (-1.12%)
  • Nasdaq: 4,927.88, -77.20, (-1.54%)

And now, Friday’s top stories:

  • Retail stocks sold off after some more weak earnings. JC Penney shares dropped by as much as 16% after the retailer reported an earnings loss, although it was smaller than expected. Nordstrom continued to tank, and fell by as much as 16%, after results released on Thursday were worse than expected.
  • Deutsche Bank analysts thought Nordstrom’s results were a sign of something fishy in the overall economy. “With a superior business model, in our view, that is half high-end dept. store, 30% off-price, and 20% online, this level of deceleration is a potential cautionary tale of the US consumer’s health,” they wrote in a client note.
  • And then, retail sales whiffed. Headline sales rose 0.1% month-on-month in October, missing the forecast for 0.3%. Excluding auto and gas sales, core retail sales rose 0.4% during the month, matching the estimate. The September print was revised lower, to -0.4% from -0.3%. Sales were weighed down by a 0.9% drop in gas prices. The rest of the details were fairly good, as restaurant, sporting goods, and furniture sales all rose. Those aren’t things consumers spend on when they’re in “dire straits”, said BMO Capital Markets’ senior economist Jennifer Lee.
  • In other economic data, producer prices unexpectedly fell 0.4%, and 0.3% excluding food and energy costs. BNP Paribas’ Laura Rosner wrote to clients that a drop in the prices of light motor trucks and margins for fuels and lubricants retailing were “unusual factors” that contributed to the unexpected decline.
  • The University of Michigan’s preliminary consumer sentiment index for November was 93.1, higher than the forecast for 91.5. Consumer confidence was lifted by an upbeat outlook in the domestic economy. And, their inflation-adjusted income expectations were at the highest level since 2007. However, inflation expectations fell, to 2.5% for one-year ahead, and 2.5% — an all-time low — for five to ten years ahead.
  • The US oil rig count rose for the first time in 11 weeks. Data from driller Baker Hughes showed that the count rose by two to 574, while the combined count of oil and gas rigs fell by four to 767.
  • Crude oil fell 3% and came very close to $40 per barrel for the first time in two and a half months. West Texas Intermediate crude oil futures dropped to as low as $40.47 per barrel in New York. The International Energy Agency said in its monthly report that the supply glut was worsening, and demand is expected be weaker next year.
  • Fitbit shares tanked 14% after the company offered up a sale of shares. In a regulatory filing on Friday, Fitbit said it was selling three million shares of common stock, down from seven million originally announced. It priced them at $29 a piece, below Thursday’s closing price of $31.68 per share. The stock priced at $20 per share at the IPO in June, and is down 8% from then.
  • Fossil shares collapsed 32% after the watchmaker reported a drop in sales. Macquarie analysts noted to clients that with inventories up 7% in the third quarter, and a decline forecast for fourth quarter sales, profit margins face a tough future. They were “absolutely perplexed” by the results.

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

TOM LEE: Stocks are the new bonds (SPY, DJI, IXIC, QQQ, SPX, TLT, TLO, USD … – The Daily Telegram

Business Insider

One of Wall Street’s most bullish stock-market strategists has given clients another reason to buy more stocks in 2016.

For Fundstrat’s Tom Lee, the higher yield investors can get from stocks instead of bonds is another reason to own equities, besides the built-in upside potential for stocks he projects.

And so, in 2016, stocks are the “new bonds”, according to Lee in a note on Friday. His 2015 year-end target for the S&P 500 is 2,325.

He wrote, “Equity valuations are also finding support from dividends. The drop in equity prices has pushed dividend yields to over 2.2%, and given the current 10Y yield of 2.23%, means equities are now yielding essentially the same as 10Y bonds. In fact, this yield is even greater when taking into account the differences in taxation.

The chart below illustrates that the gap between dividend yields and the treasury 10-year yield has been widening.

Lee used Walmart as an example of a company whose stock-dividend yield is paying more than its own bond yield.

As an AA-rated issuer, the company is paying a yield of 2.7% on the long-term debt, lower than the stock’s yield of 3.2%.

Lee wrote that this means “the equity pays a yield 49bp higher than the AA-rated bonds — does this make any sense?”

Lee noted that there are 130 companies on the S&P 500 whose dividend yield is higher than their long-term bond yields. Most of them are in the financials, utilities, energy and industrials sectors, and have have credit that’s BBB- to A-rated.

Besides Walmart, others include Coca-Cola, Target, and Pfizer.

And if it happens that stocks get even cheaper, Lee says companies would salvage this by buying back their own shares.

NOW WATCH: How a successful investment banker used insider information to bankroll his mistress and child

See Also:

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

DOW FALLS 200: Here's what you need to know (SPY, DJI, IXIC, SPX, USO, WTI … – Sentinel-Standard

Business Insider

traderAP

Stocks had a rough session on Friday as retail stocks sold off and the S&P 500 went deeper into the red for the year.

It was the worst week for stocks since August.

First, the scoreboard:

  • Dow: 17,245.24, -202.83, (-1.16%)
  • S&P 500: 2,023.04, -22.93, (-1.12%)
  • Nasdaq: 4,927.88, -77.20, (-1.54%)

And now, Friday’s top stories:

  • Retail stocks sold off after some more weak earnings. JC Penney shares dropped by as much as 16% after the retailer reported an earnings loss, although it was smaller than expected. Nordstrom continued to tank, and fell by as much as 16%, after results released on Thursday were worse than expected.
  • Deutsche Bank analysts thought Nordstrom’s results were a sign of something fishy in the overall economy. “With a superior business model, in our view, that is half high-end dept. store, 30% off-price, and 20% online, this level of deceleration is a potential cautionary tale of the US consumer’s health,” they wrote in a client note.
  • And then, retail sales whiffed. Headline sales rose 0.1% month-on-month in October, missing the forecast for 0.3%. Excluding auto and gas sales, core retail sales rose 0.4% during the month, matching the estimate. The September print was revised lower, to -0.4% from -0.3%. Sales were weighed down by a 0.9% drop in gas prices. The rest of the details were fairly good, as restaurant, sporting goods, and furniture sales all rose. Those aren’t things consumers spend on when they’re in “dire straits”, said BMO Capital Markets’ senior economist Jennifer Lee.
  • In other economic data, producer prices unexpectedly fell 0.4%, and 0.3% excluding food and energy costs. BNP Paribas’ Laura Rosner wrote to clients that a drop in the prices of light motor trucks and margins for fuels and lubricants retailing were “unusual factors” that contributed to the unexpected decline.
  • The University of Michigan’s preliminary consumer sentiment index for November was 93.1, higher than the forecast for 91.5. Consumer confidence was lifted by an upbeat outlook in the domestic economy. And, their inflation-adjusted income expectations were at the highest level since 2007. However, inflation expectations fell, to 2.5% for one-year ahead, and 2.5% — an all-time low — for five to ten years ahead.
  • The US oil rig count rose for the first time in 11 weeks. Data from driller Baker Hughes showed that the count rose by two to 574, while the combined count of oil and gas rigs fell by four to 767.
  • Crude oil fell 3% and came very close to $40 per barrel for the first time in two and a half months. West Texas Intermediate crude oil futures dropped to as low as $40.47 per barrel in New York. The International Energy Agency said in its monthly report that the supply glut was worsening, and demand is expected be weaker next year.
  • Fitbit shares tanked 14% after the company offered up a sale of shares. In a regulatory filing on Friday, Fitbit said it was selling three million shares of common stock, down from seven million originally announced. It priced them at $29 a piece, below Thursday’s closing price of $31.68 per share. The stock priced at $20 per share at the IPO in June, and is down 8% from then.
  • Fossil shares collapsed 32% after the watchmaker reported a drop in sales. Macquarie analysts noted to clients that with inventories up 7% in the third quarter, and a decline forecast for fourth quarter sales, profit margins face a tough future. They were “absolutely perplexed” by the results.

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.