Bill Miller, founder of Miller Value Partners, disagreed Wednesday with the assessment made by other major investors about the market’s valuation being too high. “If you look at the overall market … we’re trading around 17 times the consensus on bottom-up earnings for 2021, which is about the average for the last five years,” Miller
Month: May 2020
A worker wearing a protective face mask operates a forklift to move boxes of face shields ready for shipment at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, U.S., on Wednesday, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images Jobless claims were up by another 2.98 million last week, but within the
It’s been a strong start to May thus far for silver (SLV), with the metal adding to last month’s gains, and making it look like March was nothing but a violent shake-out. Despite this massive bounce off of the lows, however, we continue to see small speculators pare back their bullish bets, suggesting that they
Equities opened for trading under significant pressure on Thursday, but bulls bid the market back up. Here’s a look at a few top stock trades to watch for Friday. Top Stock Trades for Tomorrow No. 1: JPMorgan (JPM) The banks have been getting killed, but they made a nice bounce on Thursday. JPMorgan (NYSE:JPM) was
JetBlue Airways (NASDAQ:JBLU) is one company that deserves to be in the investment radar. After a sharp plunge during the coronavirus driven market meltdown, JBLU stock has been in a consolidation zone, likely to trend higher in coming quarters. Source: Roman Tiraspolsky / Shutterstock.com In a recent interview, Boeing (NYSE:BA) CEO Dave Calhoun opined that air
Federal Reserve Chairman Jerome Powell made prepared remarks on May 13 that suggested the economy is not about to bail out General Electric (NYSE:GE). If you own GE stock, I’d be very worried your investment is dead money until sometime in 2021, maybe longer. Source: Sundry Photography / Shutterstock.com Among the things Powell said in
CNBC’s Jim Cramer said Wednesday that investors can find buying opportunities in the market after Wall Street recorded multiple days of losses. The Dow Jones Industrial Average plunged more than 516 points, or 2.17%, to 23,247.97 for its third-straight negative trading session. The S&P 500 and Nasdaq Composite traded 1.7% and 1.55% lower, respectively, for
April retail sales are expected to have fallen by a record amount as Americans cut back spending on many nonessentials during the virus-related shutdowns. Economists expect April sales plunged by 12.3%, compared to the previous record drop of 8.7% in March, according to Dow Jones. Excluding automobiles, sales are expected to decline by 9.6% month-over-month,
On April 29, Exxon (NYSE:XOM) declared its regular 87 cents per share dividend. This makes Exxon Mobil stock very attractive with its annualized 7.8% dividend yield at today’s price. Source: Shutterstock Last month I wrote about the dividend and whether Exxon had the ability to continue to pay it. I suggested that Exxon could afford
The market expected an injection of 102 bcf Natural gas falls through three levels of support Another disappointment in the natural gas arena, but it is back in the buy zone Before the release of the latest weekly inventory data from the Energy Information Administration on Thursday, May 14, the price of natural gas moved
Tonight on Thursday Night Stock Charts Live we discuss if it is time to buy ariline stocks as well as the banks. We’ll discuss negative rates and when we will see gold hit new all time highs. We will also discuss if we are seeing the large cap stock market names getting ready to break
After a sudden late-session selloff on Tuesday, more selling pressure hit stocks on Wednesday. With that in mind, let’s look at a few top stock trades — starting with the overall market. Top Stock Trades for Tomorrow No 1: S&P 500 ETF (SPY) The SPDR S&P 500 ETF (NYSEARCA:SPY) has quickly put investors back on
I was supposed to write about Visa (NYSE:V) today. Although year-to-date, the shares have lost 5.75%, V stock is still trading at 31.2 times cash flow, which is higher than its five-year average. Source: Shutterstock Visa’s not the only payment processor trading at a reasonably high valuation. Mastercard’s (NYSE:MA) price-to-sales ratio is 32.8 and PayPal’s
Like its gaming brethren, MGM Resorts (NYSE:MGM) is suffering due to the novel coronavirus pandemic this year. While MGM stock has nearly doubled off its March lows, it’s going to take a while, probably years, for it to get back to its previous levels. Source: Michael Neil Thomas / Shutterstock.com Actually, the MGM recovery could
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters Stock buybacks are on track for the lowest total on record this quarter, according to Bank of America. The sharp economic
A selection of food that is on the menu at the Jack in the Box on Campus Drive in Irvine, Calif. Glenn Koenig | Los Angeles | Getty Images Check out the companies making headlines after the bell. Cisco Systems — The technology company’s stock rose 2% in extended trading after Cisco reported third-quarter earnings.
This has been the most traumatic year for dividend investors since 2008, if not longer. Major blue-chip companies have been announcing dividend cuts or suspensions almost every day. Last Tuesday, Disney (NYSE:DIS) joined the crowd with its shocking decision to not pay its dividend for the first half of 2020. And in the high-yield space,
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Stocks swooned on Wednesday after Federal Reserve Chairman Jerome Powell said the novel coronavirus has created lingering uncertainty for the U.S. economy while scoffing at the notion that negative interest rates could help the world’s largest economy regain its footing. Source: Provided by FInviz The S&P 500 slid 1.75%. The Dow Jones Industrial Average tumbled
Nvidia (NASDAQ:NVDA) has been a beast in the markets of late. When investors were throwing in the towel during the panic of March, many inadvertently sold some of the best companies in the stock market. Although shares were crushed in March along with the rest of the market, Nvidia stock has since surged more than
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