Autos stocks lead gains as European markets move higher; Danske Bank shares dive 5%

Europe’s autos stocks led the gains, up more than 2.4 percent after French daily Los Echos reported on Monday that the Peugeot family could favor Fiat Chrysler as a candidate for possible consolidation operations. Shares of Fiat Chrysler jumped 5 percent on the news. Looking at individual stocks, Denmark’s Danske Bank tumbled toward the bottom of the European benchmark on Tuesday. The mining company also reported a drop in annual core earnings that was in line with analyst expectations. Shares o


Europe’s autos stocks led the gains, up more than 2.4 percent after French daily Los Echos reported on Monday that the Peugeot family could favor Fiat Chrysler as a candidate for possible consolidation operations. Shares of Fiat Chrysler jumped 5 percent on the news. Looking at individual stocks, Denmark’s Danske Bank tumbled toward the bottom of the European benchmark on Tuesday. The mining company also reported a drop in annual core earnings that was in line with analyst expectations. Shares o
Autos stocks lead gains as European markets move higher; Danske Bank shares dive 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: sam meredith
Keywords: news, cnbc, companies, lead, higher, european, bank, fiat, scandal, rose, dive, gains, stocks, danske, stock, markets, chrysler, billion, tumbled, reported, shares


Autos stocks lead gains as European markets move higher; Danske Bank shares dive 5%

Europe’s autos stocks led the gains, up more than 2.4 percent after French daily Los Echos reported on Monday that the Peugeot family could favor Fiat Chrysler as a candidate for possible consolidation operations. Shares of Fiat Chrysler jumped 5 percent on the news. Faurecia, Porsche and Daimler were also more than 3 percent higher.

Looking at individual stocks, Denmark’s Danske Bank tumbled toward the bottom of the European benchmark on Tuesday. It comes after two U.S. law firms filed a lawsuit against the lender on behalf of institutional investors over a 200 billion euro ($227 billion) money laundering scandal. Shares of the Copenhagen-listed stock fell over 5 percent.

Meanwhile, Antofagasta rose to the top of the index after it announced a higher-than-expected dividend payout on Tuesday. The mining company also reported a drop in annual core earnings that was in line with analyst expectations. Shares of the London-listed stock gained 3 percent.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: sam meredith
Keywords: news, cnbc, companies, lead, higher, european, bank, fiat, scandal, rose, dive, gains, stocks, danske, stock, markets, chrysler, billion, tumbled, reported, shares


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Asia trades mixed amid growing concerns over global growth

Asia Pacific markets traded mixed on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week. Chinese mainland shares traded up: The Shanghai composite gained 1.92 percent to 3,026.99 while the Shenzhen composite was up 3.89 percent at 1,667.81. The on-shore yuan was near flat at 6.7224 against the dollar, retreating from an earlier level of 6.7244. Indian stocks rose after the country on Sun


Asia Pacific markets traded mixed on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week. Chinese mainland shares traded up: The Shanghai composite gained 1.92 percent to 3,026.99 while the Shenzhen composite was up 3.89 percent at 1,667.81. The on-shore yuan was near flat at 6.7224 against the dollar, retreating from an earlier level of 6.7244. Indian stocks rose after the country on Sun
Asia trades mixed amid growing concerns over global growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: saheli roy choudhury, seung-il ryu, nurphoto, getty images
Keywords: news, cnbc, companies, stocks, gains, amid, trades, mixed, concerns, traded, rose, oil, tokyo, shares, trade, reportedly, bank, growing, global, asia, growth


Asia trades mixed amid growing concerns over global growth

Asia Pacific markets traded mixed on Monday as investors remained cautious over a possible global economic slowdown after important data in the United States and China missed expectations last week.

Chinese mainland shares traded up: The Shanghai composite gained 1.92 percent to 3,026.99 while the Shenzhen composite was up 3.89 percent at 1,667.81.

The on-shore yuan was near flat at 6.7224 against the dollar, retreating from an earlier level of 6.7244. The People’s Bank of China is expected to ease monetary policy further to encourage lending as it seeks to support the country’s slowing economy. Its head, Governor Yi Gang, reportedly said on Sunday the central bank will not use the exchange rate to boost its exports or as a tool in trade frictions.

Japan’s Nikkei 225 see-sawed between gains and losses to finish up 0.47 percent at 21,125.09 while the Topix index added 0.57 percent to 1,581.44.

Nissan shares advanced 1.11 percent as the company’s former boss, Carlos Ghosn, is reportedly seeking permission from the Tokyo District Court to attend the automaker’s board meeting on Tuesday, Reuters said, citing a source.

Ghosn, the former Nissan chairman, was released from a detention center in Tokyo last week on $9 million in bail after being detained for more than 100 days on financial misconduct charges. He has called those charges “meritless.”

In South Korea, the Kospi was near flat at 2,138.10 while major indexes in Singapore and Malaysia struggled for gains in afternoon trade. Hong Kong’s Hang Seng index traded up 0.93 percent. Indian stocks rose after the country on Sunday announced it will hold parliamentary election in seven stages starting April 11. The Nifty 50 was up 1.09 percent while the Indian rupee traded around 69.91 to the dollar at 3:21 p.m. HK/SIN, strengthening from levels above 70.40 last week.

The ASX 200 in Australia fell 0.38 percent to 6,180.20 as most sectors declined. The energy sector was down 1.55 percent as oil stocks retreated: Shares of Santos were down 2.16 percent, Oil Search lower by 1.99 percent and Woodside Petroleum declined 1.73 percent.

Oil prices were under pressure on Friday following data that showed U.S. job gains came to a grinding halt in February while Chinese imports and exports last month slumped. The European Central Bank also slashed its growth outlook for the euro zone.

U.S. crude rose 0.66 percent to $56.44 a barrel on Monday afternoon during Asian hours while international benchmark Brent was up 0.58 percent at $66.12.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: saheli roy choudhury, seung-il ryu, nurphoto, getty images
Keywords: news, cnbc, companies, stocks, gains, amid, trades, mixed, concerns, traded, rose, oil, tokyo, shares, trade, reportedly, bank, growing, global, asia, growth


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Trump pushing for trade deal with China in hopes of boosting stock market ahead of 2020 bid

These are the sectors that could benefit from a China trade resolution 7 Hours Ago | 03:25President Donald Trump is pushing hard to strike a trade deal with China in the hope of lifting the stock market ahead of his re-election bid, three sources briefed on talks told CNBC. The president is increasingly concerned that the lack of a trade agreement could knock down stocks, Bloomberg News reported earlier Wednesday. Trump has taken notice of the market’s gains as both sides get closer to a deal, t


These are the sectors that could benefit from a China trade resolution 7 Hours Ago | 03:25President Donald Trump is pushing hard to strike a trade deal with China in the hope of lifting the stock market ahead of his re-election bid, three sources briefed on talks told CNBC. The president is increasingly concerned that the lack of a trade agreement could knock down stocks, Bloomberg News reported earlier Wednesday. Trump has taken notice of the market’s gains as both sides get closer to a deal, t
Trump pushing for trade deal with China in hopes of boosting stock market ahead of 2020 bid Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: fred imbert, kayla tausche, damir sagolj
Keywords: news, cnbc, companies, sources, china, rally, gains, bid, boosting, stocks, trump, pushing, strike, stock, hopes, deal, trade, market


Trump pushing for trade deal with China in hopes of boosting stock market ahead of 2020 bid

These are the sectors that could benefit from a China trade resolution 7 Hours Ago | 03:25

President Donald Trump is pushing hard to strike a trade deal with China in the hope of lifting the stock market ahead of his re-election bid, three sources briefed on talks told CNBC.

The sources said Trump wants a rally as he gets set to run for a second term and has decided that resolving the U.S.-China trade dispute can make that happen.

The president is increasingly concerned that the lack of a trade agreement could knock down stocks, Bloomberg News reported earlier Wednesday. Trump has taken notice of the market’s gains as both sides get closer to a deal, the report added.

U.S. stocks started 2019 strong, with the S&P 500 surging more than 11 percent through Tuesday’s close. Part of the rally has been fueled by investors increasing bets that China and the U.S. will strike a trade deal soon. However, there are growing concerns that a deal is fully baked into the market, possibly limiting any more gains coming from positive trade news.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: fred imbert, kayla tausche, damir sagolj
Keywords: news, cnbc, companies, sources, china, rally, gains, bid, boosting, stocks, trump, pushing, strike, stock, hopes, deal, trade, market


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Here are 5 last-minute tax moves you can still make before you file

Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone. The bulk of the things you could do reduce your tax bill for last year expired on Dec. 31. Some have been available to taxpayers for years, while others are a result of the Tax Cuts and Jobs Act passed last year. If you are in a 401(k) plan at work, you can still deduct IRA contributions to the full $5,500 limit if you’re adjusted gross income is less than $63,000. The longer the holding period, the


Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone. The bulk of the things you could do reduce your tax bill for last year expired on Dec. 31. Some have been available to taxpayers for years, while others are a result of the Tax Cuts and Jobs Act passed last year. If you are in a 401(k) plan at work, you can still deduct IRA contributions to the full $5,500 limit if you’re adjusted gross income is less than $63,000. The longer the holding period, the
Here are 5 last-minute tax moves you can still make before you file Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: andrew osterland, ericsphotography, getty images, davidf, -amy wang, senior manager of tax policy, advocacy, american institute of cpas
Keywords: news, cnbc, companies, tax, ira, taxes, moves, gains, income, taxpayers, file, contributions, deduct, lastminute, gain, reduce


Here are 5 last-minute tax moves you can still make before you file

Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone.

You can’t deduct charitable contributions you make in 2019 from last year’s income, nor can you deduct expenses against last year’s income for medical procedures you get now. You can’t give 2018 tax-free gifts to your heirs today or harvest losses on investments tomorrow to offset gains realized last year.

The bulk of the things you could do reduce your tax bill for last year expired on Dec. 31. But not all of them. There are still a number of steps taxpayers can take to help reduce the bite on April 15. Some have been available to taxpayers for years, while others are a result of the Tax Cuts and Jobs Act passed last year.

Here are five things to consider before filing your return this year.

1. Individual retirement account contributions.

Taxpayers can still make tax-deductible contributions to an IRA. Unlike 401(k) contributions that have to be made before year-end, taxpayers have until April 15 to contribute to their IRAs and still deduct them from 2018 income.

“It’s one easy thing you can still do now to reduce your taxable income for last year,” said Amy Wang, a senior manager of tax policy and advocacy for the American Institute of CPAs.

More from Smart Tax Planning:

Fix this IRA mistake now or face a 50 percent penalty

Most families have no clue how tax changes impact them

Wave goodbye to these 6 tax breaks for 2018

If you don’t participate in a workplace retirement plan, you can deduct up to $5,500 in IRA contributions and can add in another $1,000 “catch-up” contribution if you’re over age 50. If you are in a 401(k) plan at work, you can still deduct IRA contributions to the full $5,500 limit if you’re adjusted gross income is less than $63,000. The deduction phases out for taxpayers with income between $63,000 and $73,000 and disappears over that income level.

2. Getting “in the zones.”

One of the key job-creating incentives in the Tax Cuts and Jobs Act is the creation of more than 8,700 low-income “opportunity zones” across the country. Individuals or companies that invest in these zones through qualified funds can defer or avoid taxes on capital gains they’ve made elsewhere.

For example, if you sell a $100,000 portfolio of stocks that has produced $50,000 in capital gains, you would owe as much as $10,000 in taxes on the gain depending on your level of income. However, if investors roll the gain into a qualified opportunity fund, they can defer the taxes due until 2026 or until they sell the new investment.

They can also reduce the taxable gain if they hold the investment for at least five years. The longer the holding period, the greater the reduction of the gain subject to tax.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: andrew osterland, ericsphotography, getty images, davidf, -amy wang, senior manager of tax policy, advocacy, american institute of cpas
Keywords: news, cnbc, companies, tax, ira, taxes, moves, gains, income, taxpayers, file, contributions, deduct, lastminute, gain, reduce


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The market’s two-month hot start to 2019 could mean more gains ahead, history shows

The S&P 500 rose 7.87 percent and 2.97 percent in January and February, respectively, notching its best start to a year since 1991. We also know the economic data has been a little on the weak side, but we think this is just a lull in the economic data and we think it can get stronger.” So far this year, the S&P 500 is up more than 11 percent. March and April are historically two of the best months for the S&P 500, data from the “Stock Trader’s Almanac” show. Since 1950, the S&P 500 has averaged


The S&P 500 rose 7.87 percent and 2.97 percent in January and February, respectively, notching its best start to a year since 1991. We also know the economic data has been a little on the weak side, but we think this is just a lull in the economic data and we think it can get stronger.” So far this year, the S&P 500 is up more than 11 percent. March and April are historically two of the best months for the S&P 500, data from the “Stock Trader’s Almanac” show. Since 1950, the S&P 500 has averaged
The market’s two-month hot start to 2019 could mean more gains ahead, history shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, start, months, financial, shows, mean, gains, economic, markets, 500, hot, twomonth, ahead, 2019, sp, data, traders, think, going, history


The market's two-month hot start to 2019 could mean more gains ahead, history shows

Stocks rocketed higher in the first two months of the year. If history is any indication, equities are primed for further gains moving forward.

Data compiled by LPL Financial show the S&P 500 has posted gains in the final 10 months of the year in 25 of the 27 times it started a year with back-to-back gains in January and February. LPL’s data go back to 1950. The S&P 500 rose 7.87 percent and 2.97 percent in January and February, respectively, notching its best start to a year since 1991.

“This bounce has surprised so many people,” Ryan Detrick, senior market strategist at LPL Financial, told CNBC. “Analysts freaked out and cut their estimates too much. Too many people thought there was going to be a recession in 2019 on that freak-out in the fourth quarter. Now we’re seeing the realization that earnings are still OK. They’re not great, but they’re better than those lowered expectations. We also know the economic data has been a little on the weak side, but we think this is just a lull in the economic data and we think it can get stronger.”

The S&P 500 plummeted in December, leading the index to its biggest annual decline since the financial crisis. Fears that economic growth would slow down, along with worries over Federal Reserve monetary policy and U.S.-China trade negotiations, propelled the broad index lower.

However, the Fed signaled earlier this year it would be patient in raising rates while China and the U.S. appear to be nearing a trade deal. Meanwhile, corporate earnings for the fourth quarter grew by 13.08 percent, according to FactSet data.

So far this year, the S&P 500 is up more than 11 percent.

Investors also have positive seasonal factors in their favor moving forward. March and April are historically two of the best months for the S&P 500, data from the “Stock Trader’s Almanac” show. Since 1950, the S&P 500 has averaged a gain of 1.2 percent in March and a rise of 1.4 percent in April.

“Technically and fundamentally and seasonally, things are pretty strong,” said Jeffrey Hirsch, editor in chief of the “Stock Trader’s Almanac.” “Geopolitically, there are still some risks, but the Fed is on pause and that’s a positive.”

LPL’s Detrick said stocks could rally to record highs over the next 10 months, but it will likely be a bumpy ride.

“We do think this bull market is alive and well. We do not see a recession in 2019. So yes, this will resolve higher. But the easy part is over,” he said. “The next 10 are going to be a lot tougher is going to be a lot more aggravating to investors.”

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Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, start, months, financial, shows, mean, gains, economic, markets, 500, hot, twomonth, ahead, 2019, sp, data, traders, think, going, history


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Bayer adjusted profit gains 15.8% on Monsanto, consumer health

Bayer’s adjusted core earnings rose 15.8 percent in the fourth quarter, boosted by the addition of U.S. seeds maker Monsanto and as its consumer healthcare business bounced back from earlier declines. Fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 2.07 billion euros, the maker of pharmaceuticals and farming pesticides said on Wednesday, beating the average analyst projection of 2.0 billion euros. Previously announced write-downs on the val


Bayer’s adjusted core earnings rose 15.8 percent in the fourth quarter, boosted by the addition of U.S. seeds maker Monsanto and as its consumer healthcare business bounced back from earlier declines. Fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 2.07 billion euros, the maker of pharmaceuticals and farming pesticides said on Wednesday, beating the average analyst projection of 2.0 billion euros. Previously announced write-downs on the val
Bayer adjusted profit gains 15.8% on Monsanto, consumer health Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: krisztian bocsi, bloomberg, getty images
Keywords: news, cnbc, companies, profit, earnings, 158, value, health, euros, consumer, bayer, gains, adjusted, billion, rose, maker, taxes, monsanto, writedowns


Bayer adjusted profit gains 15.8% on Monsanto, consumer health

Bayer’s adjusted core earnings rose 15.8 percent in the fourth quarter, boosted by the addition of U.S. seeds maker Monsanto and as its consumer healthcare business bounced back from earlier declines.

Fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to 2.07 billion euros, the maker of pharmaceuticals and farming pesticides said on Wednesday, beating the average analyst projection of 2.0 billion euros.

Previously announced write-downs on the value of consumer health brands and one-off charges from the closure of a German hemophilia drug plant led to a quarterly net loss of 3.9 billion euros.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: krisztian bocsi, bloomberg, getty images
Keywords: news, cnbc, companies, profit, earnings, 158, value, health, euros, consumer, bayer, gains, adjusted, billion, rose, maker, taxes, monsanto, writedowns


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Square is falling on earnings, but two chart patterns point to more gains

The poor earnings report “certainly dents the prospects,” Blue Line Futures President Bill Baruch told CNBC’s “Trading Nation” on Wednesday evening. Looks like it’s going to cross over and give you the golden cross and provide further bullish momentum,” Baruch said Wednesday before the earnings release. Shares of Square were sitting at the top line of that ascending triangle pattern at $79 at market close Wednesday. “I like being long Square barring a disastrous earnings report later today,” add


The poor earnings report “certainly dents the prospects,” Blue Line Futures President Bill Baruch told CNBC’s “Trading Nation” on Wednesday evening. Looks like it’s going to cross over and give you the golden cross and provide further bullish momentum,” Baruch said Wednesday before the earnings release. Shares of Square were sitting at the top line of that ascending triangle pattern at $79 at market close Wednesday. “I like being long Square barring a disastrous earnings report later today,” add
Square is falling on earnings, but two chart patterns point to more gains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: keris lahiff, source, getty images, nurphoto, daniel acker, bloomberg, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, triangle, cross, gains, chart, earnings, average, point, falling, line, baruch, trading, bullish, square, susquehanna, patterns


Square is falling on earnings, but two chart patterns point to more gains

Square tumbled in extended trading Wednesday after issuing disappointing guidance.

The payment services company beat on fourth-quarter earnings and sales, but its first-quarter revenue forecast fell short of expectations.

The poor earnings report “certainly dents the prospects,” Blue Line Futures President Bill Baruch told CNBC’s “Trading Nation” on Wednesday evening. However, there are a few technically bullish patterns forming, especially if the stock repairs the damage before the end of the week.

“There’s room to run here, and what I’m watching most closely is you have the 50-day moving average sneaking up on the 200. Looks like it’s going to cross over and give you the golden cross and provide further bullish momentum,” Baruch said Wednesday before the earnings release.

A golden cross is formed when a shorter-term moving average such as the 50-day moves above a longer-term trend line such as the 200 day. The technical move suggests accelerating bullish momentum.

“What stands out most is the ascending triangle, which it is trying to break out above,” said Baruch. “The close above there is also very bullish.”

Shares of Square were sitting at the top line of that ascending triangle pattern at $79 at market close Wednesday. A move above signals a breakout from a consolidation pattern.

“I like being long Square barring a disastrous earnings report later today,” added Baruch.

Stacey Gilbert, head of derivatives strategy at Susquehanna, and Susquehanna analyst James Friedman have a more cautious view on the stock. The firm has a hold rating and a $77 price target, more than 2 percent below Square’s current price.

“It is a hot space, and there is increased competition. If you look at a name like Clover from First Data, this is competition that’s coming into this space that does make us concerned for the longer term,” added Gilbert. “Yes, the concept is great, but we do have some caution around it.”

Square has an average overweight rating and $79.59 price target, according to FactSet estimates.

Disclosure: Susquehanna is a market maker in and Susquehanna and/or its affiliates beneficially own 1% or more of the securities of SQ.


Company: cnbc, Activity: cnbc, Date: 2019-02-27  Authors: keris lahiff, source, getty images, nurphoto, daniel acker, bloomberg, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, triangle, cross, gains, chart, earnings, average, point, falling, line, baruch, trading, bullish, square, susquehanna, patterns


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Monthly gains in January and February historically signal a 20% average market advance for the year

A market signal with a nearly perfect track record points to a strong year for stocks, according to S&P Dow Jones Indices. Since the beginning of the year, as of Tuesday’s close, the S&P 500 was more than halfway there, with a nearly 2.8 percent advance for February and a 7.9 percent gain for its best January performance since 1987. The S&P 500 was still about 5.4 percent from its closing record high on Sept. 20, 2018. The stock market tanked in the final three months of last year, culminating w


A market signal with a nearly perfect track record points to a strong year for stocks, according to S&P Dow Jones Indices. Since the beginning of the year, as of Tuesday’s close, the S&P 500 was more than halfway there, with a nearly 2.8 percent advance for February and a 7.9 percent gain for its best January performance since 1987. The S&P 500 was still about 5.4 percent from its closing record high on Sept. 20, 2018. The stock market tanked in the final three months of last year, culminating w
Monthly gains in January and February historically signal a 20% average market advance for the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: matthew j belvedere
Keywords: news, cnbc, companies, market, stocks, gunzberg, 500, average, stock, advance, historically, going, think, 20, strong, monthly, signal, gains, sp, record


Monthly gains in January and February historically signal a 20% average market advance for the year

A market signal with a nearly perfect track record points to a strong year for stocks, according to S&P Dow Jones Indices.

“Since 1938, there’s been 30 years where both January and February have been positive. And 29 of those years out of 30 have ended up positive, and big, on average over 20 percent,” S&P Dow Jones’ head of U.S. equities Jodie Gunzberg told CNBC Wednesday.

Since the beginning of the year, as of Tuesday’s close, the S&P 500 was more than halfway there, with a nearly 2.8 percent advance for February and a 7.9 percent gain for its best January performance since 1987.

“We’ve never seen two months in a row ever to have every single segment of the U.S. equity market up,” Gunzberg said in a “Squawk Box” interview. “I think we could have a good year. But I think it’ll look a lot different than it does right now.”

“The strength across the board has been driven by the macro picture,” said Gunzberg, but argued that going forward whether the U.S. and China reach a trade deal or not, there are going to be companies whose stocks will be winners and losers. “I think we’re going to start to see a split in sectors.”

It’s also worth noting that the gains in January alone have often signalled a strong rest of the year. According to the Stock Trader’s Almanac, going back to 1950, the “so goes January, so goes the year” metric has worked 87 percent of the time.

The S&P 500 was still about 5.4 percent from its closing record high on Sept. 20, 2018. The stock market tanked in the final three months of last year, culminating with December’s terrible 9.6 percent decline, the worst final month of the year since 1931. The S&P 500 lost 6.6 percent for all of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: matthew j belvedere
Keywords: news, cnbc, companies, market, stocks, gunzberg, 500, average, stock, advance, historically, going, think, 20, strong, monthly, signal, gains, sp, record


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Bill Gates: Taxes on rich should be ‘much higher’ but capitalism still works — here’s why

You’d have to collect more money,” Gates told CNN’s Fareed Zakaria on Sunday. That money should come from rich people in the form of higher taxes, he said. You want the portion that comes from the top 1 percent or top 20 percent to be much higher,” Gates said. Gates told Zakaria last year, “I need to pay higher taxes … I’ve paid more taxes, over $10 billion, than anyone else, but the government should require people in my position to pay significantly higher taxes.” In particular, Gates suggeste


You’d have to collect more money,” Gates told CNN’s Fareed Zakaria on Sunday. That money should come from rich people in the form of higher taxes, he said. You want the portion that comes from the top 1 percent or top 20 percent to be much higher,” Gates said. Gates told Zakaria last year, “I need to pay higher taxes … I’ve paid more taxes, over $10 billion, than anyone else, but the government should require people in my position to pay significantly higher taxes.” In particular, Gates suggeste
Bill Gates: Taxes on rich should be ‘much higher’ but capitalism still works — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: catherine clifford, adam galica
Keywords: news, cnbc, companies, higher, pay, works, capitalism, net, taxes, capital, gains, zakaria, tax, rich, told, bill, gates, heres


Bill Gates: Taxes on rich should be 'much higher' but capitalism still works — here's why

With a net worth of $97 billion, capitalism has been good to Microsoft co-founder Bill Gates, and he thinks it’s a good system.

Still, “There’s no free lunch here. You’d have to collect more money,” Gates told CNN’s Fareed Zakaria on Sunday.

That money should come from rich people in the form of higher taxes, he said. “As you go about doing this additional collection, of course you want to be progressive. You want the portion that comes from the top 1 percent or top 20 percent to be much higher,” Gates said.

Gates has been a frequent advocate of taxing the wealthy at higher rates. Gates told Zakaria last year, “I need to pay higher taxes … I’ve paid more taxes, over $10 billion, than anyone else, but the government should require people in my position to pay significantly higher taxes.”

In particular, Gates suggested raising the capital gains tax, which is the tax levied on profits earned when a property or investment is sold. Currently the capital gains tax is 20 percent on net capital gains when the taxpayer’s taxable income is higher than the threshold for the regular 37 percent tax rate, according to the Internal Revenue Service; that’s $425,800 for single filer, $479,000 for married filing jointly or qualifying widow(er), $452,400 for head of household and $239,500 for married filing separately.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: catherine clifford, adam galica
Keywords: news, cnbc, companies, higher, pay, works, capitalism, net, taxes, capital, gains, zakaria, tax, rich, told, bill, gates, heres


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Stocks reverse higher, Walmart leads the gains

Stocks rose on Tuesday, erasing losses from earlier in the session as shares of Walmart outperformed. Walmart shares rose more than 3 percent after the company reported better-than-expected earnings. Equities had kicked off Tuesday’s session trading lower as investors took a breather following solid gains last week. He also said more than 50 percent of S&P 500 stocks are above their 200-day moving average. “History shows that when the S&P 500 regained trend (both Bottom Up and Top Down) after ex


Stocks rose on Tuesday, erasing losses from earlier in the session as shares of Walmart outperformed. Walmart shares rose more than 3 percent after the company reported better-than-expected earnings. Equities had kicked off Tuesday’s session trading lower as investors took a breather following solid gains last week. He also said more than 50 percent of S&P 500 stocks are above their 200-day moving average. “History shows that when the S&P 500 regained trend (both Bottom Up and Top Down) after ex
Stocks reverse higher, Walmart leads the gains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, average, rose, dow, sp, session, stocks, leads, week, walmart, shares, trading, higher, reverse, 500, gains


Stocks reverse higher, Walmart leads the gains

Stocks rose on Tuesday, erasing losses from earlier in the session as shares of Walmart outperformed.

The Dow Jones Industrial Average climbed 36 points. The S&P 500 gained 0.2 percent as the consumer staples sector rose 0.8 percent. The Nasdaq Composite traded 0.3 percent higher as Amazon and Netflix both rose more than 1 percent.

Walmart shares rose more than 3 percent after the company reported better-than-expected earnings. The retailer also said e-commerce sales grew by 43 percent in the previous quarter.

Equities had kicked off Tuesday’s session trading lower as investors took a breather following solid gains last week. The major indexes all rose at least 0.6 percent on Friday. The Dow also gained more than 400 points. Those moves helped the Dow and Nasdaq notch their eighth straight weekly gain, while the S&P 500 rose for the seventh week in eight.

“Major US Equities Indices have started to regain their longer-term price average,” JC O’Hara, chief market technician at MKM Partners, wrote in a note, adding the S&P 500 is trading above its 200-day moving average. He also said more than 50 percent of S&P 500 stocks are above their 200-day moving average.

“History shows that when the S&P 500 regained trend (both Bottom Up and Top Down) after exiting deep oversold conditions, equity markets experienced continued upside,” O’Hara added.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: fred imbert, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, average, rose, dow, sp, session, stocks, leads, week, walmart, shares, trading, higher, reverse, 500, gains


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