Goldman Sachs is hosting its 12th annual Power & Utility Conference in New York on Thursday, August 8. The one-day event will focus on a variety of topics surrounding the power & utility business, including capital allocation, growth in a regulatory environment, and demand trends across the power, natural gas, and water markets.
The U.S. stock market is extending its rally heading into the week of July 22, with the S&P 500 finishing in positive territory during 10 of the last 11 trading sessions.
On Wednesday, July 18, Federal Reserve Chairman Ben Bernanke testified in front of Congress, stating the central bank will not take its foot off the pedal until the U.S. economy is strong enough to stand on more »
I’ve been a loyal Pandora Media (NYSE: P) listener for many years. Until now.
Despite its position as the leading Internet radio service, Pandora’s history as a public company has been a turbulent ride for investors. Shares came public in June 2011 at $16 per share, before losing more than 50% of their value to $7.08 in November 2012. Concerns over the launch of iTunes Radio by more »
Earnings season is underway, and the center of attention will shift to the banking sector during the week of July 15. Last Friday, banking giants JPMorgan Chase and Wells Fargo kicked off a series of bank earnings reports. Both companies beat consensus estimates by a respectable 5% margin. And on Monday, Citigroup followed the trend with a beat on earnings and revenue.
I believe the strong reports provided by these more »
Are technology stocks headed for another bullish breakout?
On Thursday, July 11, the S&P 500 climbed above its all-time closing record of 1,669.16 reached back on May 21. Investor confidence was renewed in the market following a speech by Fed chairman Ben Bernanke on Wednesday evening, in which he asserted that monetary stimulus will continue until the unemployment rate falls to 6.5%.
The nascent rally comes more »
Apple (NASDAQ: AAPL) CEO Tim Cook is a smart man. At least, he’s aware the American public thinks he’s no replacement for Steve Jobs.
How could he be, given the groundwork for innovation left by Jobs prior to his death. How could anyone surpass the man who revolutionized the technology industry, time and time again?
The iPhone pioneered the smartphone market in 2007. Few at the time realized more »
One of my weekly rituals is to study insider activity through the SEC’s Form 4 filings.
Corporate executives and board members (“insiders”) are required to fully disclose their stock purchases pursuant to the Securities Exchange Act of 1934 and the Investment Company Act of 1940.
Whether you are taking a sector view or considering investment in a single company, learning to read the SEC filings can be a powerful more »
Last Friday, the better than expected jobs report caused the market to stage an end of week rally. The Bureau of Labor Statistics reported that the U.S. economy added 195,000 new jobs during the month of June, a positive sign for investors as we approach the earnings season.
A second benefit for investors is the July 4 announcement by the Obama administration to delay a critical part of more »
Readers may recognize value investor Karen Finerman from her frequent appearances on CNBC’s Fast Money. Outside of her television appearances, Finerman is the CEO and co-founder of Metropolitan Capital Advisors, a New York-based hedge fund established in 1992.
The 48-year old Finerman recently authored a book titled Finerman’s Rules: Secrets I’d Only Tell My Daughters About Business and Life. The new release offers insights on a variety more »
‘Rotation’ is a commonly-used term among investment professionals, and one that may draw your attention in the quest for stock market success.
In the world of stocks, rotation often takes place between market sectors. For example, investors often rotate away from consumer staples such as Dollar General in favor of consumer discretionary stocks such as Nike in a recovering economy.
Rotation can also take place within a sector.
In the more »
The first half of the trading year is over. For all of my readers, I hope it was a successful venture in the markets and your outside lives.
Given the numerous concerns heading into 2013, few investors expected to have a breakout performance in equities. We entered the year with concerns such as the looming fiscal cliff, payroll tax hike, and lukewarm corporate earnings forecast. President Obama won his re-election more »
As the market has rallied to all-time highs and valuations have expanded, finding bargains has become harder to come by. When pressed for value, should investors turn to the same company in the stock market as they do in the real world?
Barron’s Magazine recently made a bullish case for Big Lots (NYSE: BIG), which attracted my attention.
Shares of the closeout retailer traded as high as $38 preceding more »
On June 24, the Food and Drug Administration issued “bioequivalence recommendations” for 15 active ingredients used in prescription medications. Bioequivalence is a pharmacology term used to compare the properties of two drugs with an identical active ingredient, most likely a brand-name drug and its generic equivalent.
After months of a ceaseless bid higher, have investors finally reached a turning point?
Last Thursday, the Dow Jones Industrial Average shed 353.87 points, or 2.3%, the biggest percentage drop since November 2011. The sell-off arrived following a Federal Reserve press release which stated the government will continue its $85 billion-a-month stimulus program.
Investors looked past the Fed statement, realizing the monetary stimulus will begin to wind down more »
Jefferies is hosting its 2013 Global Consumer Conference on June 17 – 19 in Nantucket, MA. More than 60 companies are presenting across a variety of consumer-related sectors, including consumer finance, consumer products, restaurants, and retail & apparel.
As the broader market reaches multi-year highs, consumer-related stocks may have more room to run. The Consumer Discretionary SPDR Fund (NYSEMKT: XLY) has outperformed the S&P 500 year-to-date with a 20.6% gain more »
Goldman Sachs recently hosted its 34th Annual Global Healthcare Conference on June 11 – 13 in Rancho Palos Verdes, CA.
Healthcare was considered a defensive sector during the 2008–09 recession, but I believe it will continue to perform going forward. An aging baby boomer population, the Obamacare rollout, and a growing need for disease treatments should lead to profitable investing for many years to come.
The Health Care Select Sector more »
Equity markets remain in an upward trend as investors approach the halfway point for 2013. Discussions remain centered on the NSA surveillance, with public companies such as Apple, Facebook, and Microsoft revealing the number of requests received from local, state, and federal agencies.
The Federal Reserve is also hosting a two-day policy meeting on Tuesday, June 18 and Wednesday, June 19. Investors are focused on the sustainability of the Fed more »
One of my weekly rituals as an investor is to review insider activity through the SEC Form 4 filings. Corporate executives and board members (“insiders”) are required to fully disclose their stock purchases pursuant to the Securities Exchange Act of 1934 and the Investment Company Act of 1940.
Individual investors can benefit greatly from studying insider activity. Whether you are taking a sector view or considering an individual company, learning more »
Financial markets have delivered a strong performance in the first half of 2013.
The impressive returns YTD have caught everyone by surprise, including the major investment firms on Wall Street which are now hastily raising their full-year targets on the S&P 500. Analysts at Goldman Sachs raised their S&P targets through 2015; the index is now expected to reach 1,750 by year-end 2013. This is significantly higher more »
Luxury retail is one of the most remarkable sub-sectors in the market today. Forecasters often predict that demand for high-priced goods will fall during times of economic hardship, but current data shows that wealthy consumers will purchase their premium goods during good and bad times.
While this logic may seem counterintuitive, hard evidence confirms its validity. At the moment, the success of luxury retail in London, combined with a national more »
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