7Qs: How Karen Firestone beats the market with 35 names — ‘Don’t fall in love with your stocks’

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Firestone runs a concentrated equity portfolio with only 35 stocks, which returned more than 30% this year, beating the S&P 500’s 25% gain. After a 22-year run at Fidelity, Firestone founded Aureus Asset Management, a wealth advisory firm that now manages over $1 billion of clients’ assets. Having spent most of her life picking stocks, Firestone shared with CNBC her


(This story is part of the Weekend Brief edition of the Evening Brief newsletter.
To sign up for CNBC’s Evening Brief, click here.)
Firestone runs a concentrated equity portfolio with only 35 stocks, which returned more than 30% this year, beating the S&P 500’s 25% gain.
After a 22-year run at Fidelity, Firestone founded Aureus Asset Management, a wealth advisory firm that now manages over $1 billion of clients’ assets.
Having spent most of her life picking stocks, Firestone shared with CNBC her
7Qs: How Karen Firestone beats the market with 35 names — ‘Don’t fall in love with your stocks’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: yun li
Keywords: news, cnbc, companies, market, evening, stocks, fall, 7qs, fund, worst, love, beats, picking, 500s, dont, brief, names, management, karen, firestone


7Qs: How Karen Firestone beats the market with 35 names — 'Don't fall in love with your stocks'

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.)

Wall Street veteran Karen Firestone knows all too well that stock picking isn’t as easy as it used to be, but her decades of experience is serving her well.

Firestone runs a concentrated equity portfolio with only 35 stocks, which returned more than 30% this year, beating the S&P 500’s 25% gain.

She started out as an assistant fund manager to Peter Lynch in 1983 on Fidelity’s legendary Magellan Fund, which consistently more than doubled the S&P 500’s performance under his management. After a 22-year run at Fidelity, Firestone founded Aureus Asset Management, a wealth advisory firm that now manages over $1 billion of clients’ assets.

Having spent most of her life picking stocks, Firestone shared with CNBC her investing philosophy, her best and worst trades, as well as the biggest lesson learned in her career.

Here are 7Qs for Firestone:


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: yun li
Keywords: news, cnbc, companies, market, evening, stocks, fall, 7qs, fund, worst, love, beats, picking, 500s, dont, brief, names, management, karen, firestone


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Kudlow says a trade deal is close, but Trump is prepared to ‘walk away’ if some conditions not met

Larry Kudlow, White House National Economic Council director, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms they wanted. We will walk away,” Kudlow said on CNBC’s “Squawk on the Street” on Friday. “The president has said that if we can not get the enforcement and the assurances, then we will not go forward.” The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165 bil


Larry Kudlow, White House National Economic Council director, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms they wanted.
We will walk away,” Kudlow said on CNBC’s “Squawk on the Street” on Friday.
“The president has said that if we can not get the enforcement and the assurances, then we will not go forward.”
The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165 bil
Kudlow says a trade deal is close, but Trump is prepared to ‘walk away’ if some conditions not met Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: yun li
Keywords: news, cnbc, companies, fact, walk, away, good, kudlow, tariffs, close, president, trade, conditions, talks, met, trump, deal, prepared


Kudlow says a trade deal is close, but Trump is prepared to 'walk away' if some conditions not met

Larry Kudlow, White House National Economic Council director, said the U.S. and China are “close” to a trade deal but that the administration was prepared to walk away if it did not get the terms they wanted.

“The president has said many times if the deal is no good, if the assurances with respects to preventing future thefts, if the enforcement procedure is no good he has said we will not go for it. We will walk away,” Kudlow said on CNBC’s “Squawk on the Street” on Friday. “The president has said that if we can not get the enforcement and the assurances, then we will not go forward.”

The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165 billion in Chinese imports are set to kick in Dec. 15. Kudlow said the two sides are moving closer to a deal.

“The deal is close. It’s probably even closer than in mid-November,” Kudlow said. “Deputy level met again … The reality is constructive talks, almost daily talks. We are in fact close…There’s no arbitrary deadlines, but the fact remains December 15 is a very important date with respect to a no go or go on tariffs.”


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: yun li
Keywords: news, cnbc, companies, fact, walk, away, good, kudlow, tariffs, close, president, trade, conditions, talks, met, trump, deal, prepared


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SoftBank will get the ‘last laugh’ when a ‘profitable’ WeWork goes public one day, Bernstein says

Son initially valued WeWork at $47 billion, a number public market investors viewed as nearly four times too high. Still, Lane of Bernstein believes WeWork could still be disruptive to the existing real-estate market so long as SoftBank restructures WeWork’s business plan. “We think investor should think of the basic business similar as being similar to Starbucks,” Lane said. SoftBank recorded a $3.4 billion writedown on its WeWork investment about two weeks after taking 80% control of the compa


Son initially valued WeWork at $47 billion, a number public market investors viewed as nearly four times too high.
Still, Lane of Bernstein believes WeWork could still be disruptive to the existing real-estate market so long as SoftBank restructures WeWork’s business plan.
“We think investor should think of the basic business similar as being similar to Starbucks,” Lane said.
SoftBank recorded a $3.4 billion writedown on its WeWork investment about two weeks after taking 80% control of the compa
SoftBank will get the ‘last laugh’ when a ‘profitable’ WeWork goes public one day, Bernstein says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: yun li
Keywords: news, cnbc, companies, bernstein, profitable, investment, lane, wework, billion, starbucks, public, softbank, weworks, goes, business, market, think, laugh, day


SoftBank will get the 'last laugh' when a 'profitable' WeWork goes public one day, Bernstein says

WeWork’s dramatic fall has led to SoftBank CEO Masa Son’s questioning his own judgement, but one analyst still believes the bank will come out on top eventually with the massive investment in the reeling space-sharing company.

“Despite the huge embarrassment WeWork has been for SoftBank this year, we suspect SoftBank will have the last laugh when they bring the company back to market in a few years – bigger and profitable,” Chris Lane, senior research analyst at AB Bernstein, said in a note on Friday.

WeWork pulled its IPO filing in September after investors balked at its mounting losses and unusual corporate governance structure. Son initially valued WeWork at $47 billion, a number public market investors viewed as nearly four times too high. The CEO acknowledged making some mistakes in his investment strategy and said he questioned the viability of SoftBank’s massive Vision Fund.

Still, Lane of Bernstein believes WeWork could still be disruptive to the existing real-estate market so long as SoftBank restructures WeWork’s business plan. The analyst compared WeWork’s model to Starbuck’s where the profitability comes from big scale.

“We think investor should think of the basic business similar as being similar to Starbucks,” Lane said. “While profitable, the scale of profits that can be generated from single site is small. Starbucks as a corporation only makes sense if you plan to open thousands of outlets.”

SoftBank recorded a $3.4 billion writedown on its WeWork investment about two weeks after taking 80% control of the company with a new $5 billion financing package.

“We think the investment will ultimately prove to be value-creating,” Lane said. “Post the restructuring, SoftBank will emerge with 80% of the equity of what we believe remains a very promising business.”


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: yun li
Keywords: news, cnbc, companies, bernstein, profitable, investment, lane, wework, billion, starbucks, public, softbank, weworks, goes, business, market, think, laugh, day


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Shares of biotech Aurinia double in one day after positive data for Lupus drug

Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug. Some analysts expect the stock to quadruple on the better-than-expected trial results. “The data were better than we expected,” Alethia Young, biotech analyst at Cantor Fitzgerald, said in a note on Thursday. “We think that shares will be up at least 300-400% based on this news. If we conservatively assume VCS is a $1B drug, we think that investors co


Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug.
Some analysts expect the stock to quadruple on the better-than-expected trial results.
“The data were better than we expected,” Alethia Young, biotech analyst at Cantor Fitzgerald, said in a note on Thursday.
“We think that shares will be up at least 300-400% based on this news.
If we conservatively assume VCS is a $1B drug, we think that investors co
Shares of biotech Aurinia double in one day after positive data for Lupus drug Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, day, stock, drug, biotech, results, positive, company, double, shares, lupus, aurinia, trial, data, think


Shares of biotech Aurinia double in one day after positive data for Lupus drug

Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug.

The Victoria, Canada-based company rallied as much as 106% on Thursday after its phase three trial for drug voclosporin posted positive efficacy and safety results in the treatment of lupus nephritis, the company said in a statement on Thursday evening. The jump in Aurinia’s stock pushed its market cap to more than $1 billion.

Some analysts expect the stock to quadruple on the better-than-expected trial results.

“The data were better than we expected,” Alethia Young, biotech analyst at Cantor Fitzgerald, said in a note on Thursday. “We think that shares will be up at least 300-400% based on this news. If we conservatively assume VCS is a $1B drug, we think that investors could put a 3-4x revenue multiple on the company (so $3-4B).”

Cantor has an overweight rating on Aurinia and a 12-month price target of $24, which would translate into a 186% gain from Wednesday’s close.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, day, stock, drug, biotech, results, positive, company, double, shares, lupus, aurinia, trial, data, think


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US and China disagree on the size of agriculture purchases, report says

China’s President Xi Jinping and US President Donald Trump during a meeting outside the Great Hall of the People in Beijing. The U.S. and China are still at odds over the size of Chinese agriculture purchases, The Wall Street Journal reported Thursday. President Donald Trump is asking China to buy $40 billion to $50 billion of farm goods a year, which is significantly higher than the $8.6 billion the country bought last year, the Journal said, citing people familiar with the discussions. The adm


China’s President Xi Jinping and US President Donald Trump during a meeting outside the Great Hall of the People in Beijing.
The U.S. and China are still at odds over the size of Chinese agriculture purchases, The Wall Street Journal reported Thursday.
President Donald Trump is asking China to buy $40 billion to $50 billion of farm goods a year, which is significantly higher than the $8.6 billion the country bought last year, the Journal said, citing people familiar with the discussions.
The adm
US and China disagree on the size of agriculture purchases, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, report, trump, chinas, size, billion, china, purchases, journal, president, disagree, chinese, agriculture, donald, trade


US and China disagree on the size of agriculture purchases, report says

China’s President Xi Jinping and US President Donald Trump during a meeting outside the Great Hall of the People in Beijing.

The U.S. and China are still at odds over the size of Chinese agriculture purchases, The Wall Street Journal reported Thursday.

President Donald Trump is asking China to buy $40 billion to $50 billion of farm goods a year, which is significantly higher than the $8.6 billion the country bought last year, the Journal said, citing people familiar with the discussions. The administration is also demanding that China publicly announce its purchasing plans and say that they wouldn’t depend on market conditions or China’s trade obligations, sources told the Journal.

The two countries are in talks to finalize a so-called phase one trade deal as 15% tariffs on $165 billion in Chinese imports are set to kick in Dec. 15.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, report, trump, chinas, size, billion, china, purchases, journal, president, disagree, chinese, agriculture, donald, trade


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Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for Friday

Big jobs reportAll eyes will be on Friday’s jobs report for a clear read on the U.S. labor market. Economists polled by Dow Jones are expecting 187,000 jobs added last month, one of the highest estimates this year ahead of a jobs report. Consumer sentimentWe’ll also get an early read on consumer sentiment in December from the University of Michigan’s Surveys of Consumers data. Economists polled by Dow Jones expected sentiment to rise to 96.5 from 95.6 in November. Consumer sentiment came in high


Big jobs reportAll eyes will be on Friday’s jobs report for a clear read on the U.S. labor market.
Economists polled by Dow Jones are expecting 187,000 jobs added last month, one of the highest estimates this year ahead of a jobs report.
Consumer sentimentWe’ll also get an early read on consumer sentiment in December from the University of Michigan’s Surveys of Consumers data.
Economists polled by Dow Jones expected sentiment to rise to 96.5 from 95.6 in November.
Consumer sentiment came in high
Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, sentiment, report, jobs, read, speaks, data, polled, things, labor, kudlow, watch, month, consumer, expected


Jobs report, consumer sentiment, Kudlow speaks: 3 things to watch for Friday

Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the White House in Washington, D.C., U.S., on Monday, Oct. 7, 2019. TJ Kirkpatrick | Bloomberg | Getty Images

Here are the most important things to know about Friday before you hit the door.

1. Big jobs report

All eyes will be on Friday’s jobs report for a clear read on the U.S. labor market. The Labor Department is set to release the tally of nonfarm payrolls for November. Economists polled by Dow Jones are expecting 187,000 jobs added last month, one of the highest estimates this year ahead of a jobs report. November’s figure would reflect a temporary boost from returning General Motors autoworkers. The economy added 128,000 jobs in October, far more than expectations. Unemployment rate is expected to stay at 3.6% in November, near the lowest in 50 years. Recent jobs data have been rather confusing: The latest weekly jobless claims dropped to a seven-month low, while ADP data showed private-sector jobs grew at the slowest pace in six months last month.

2. Consumer sentiment

We’ll also get an early read on consumer sentiment in December from the University of Michigan’s Surveys of Consumers data. Economists polled by Dow Jones expected sentiment to rise to 96.5 from 95.6 in November. Consumer sentiment came in higher than expected for November. The survey revealed last month U.S. household wealth is rising, but risks from the ongoing U.S.-China trade war and slow global economic growth could lead to “negative shocks” for consumers.

3. Kudlow on CNBC


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, sentiment, report, jobs, read, speaks, data, polled, things, labor, kudlow, watch, month, consumer, expected


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Goldman Sachs has a simple ‘laggard’ stocks strategy for early 2020 that tends to beat the market

Buy 2019’s laggards as they will likely be 2020’s early leaders, Goldman Sachs said. The strategy to pick up battered stocks in the beginning of a given year has a good track record of beating the market, according to Goldman. In 2019, this laggard trade outperformed the S&P 500 by 3.7 percentage points, Goldman said. Under Armour, Etsy, Twilio, Westlake Chemical and GoDaddy are among the names on that list. Petrochemical manufacturing company Westlake Chemical and web hosting company GoDaddy bo


Buy 2019’s laggards as they will likely be 2020’s early leaders, Goldman Sachs said.
The strategy to pick up battered stocks in the beginning of a given year has a good track record of beating the market, according to Goldman.
In 2019, this laggard trade outperformed the S&P 500 by 3.7 percentage points, Goldman said.
Under Armour, Etsy, Twilio, Westlake Chemical and GoDaddy are among the names on that list.
Petrochemical manufacturing company Westlake Chemical and web hosting company GoDaddy bo
Goldman Sachs has a simple ‘laggard’ stocks strategy for early 2020 that tends to beat the market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, strategy, beat, market, 500, westlake, stocks, 2019, trade, tends, armour, sachs, simple, chemical, goldman, laggard, laggards, early, performance


Goldman Sachs has a simple 'laggard' stocks strategy for early 2020 that tends to beat the market

Traders work on the floor at the New York Stock Exchange, October 25, 2019.

Buy 2019’s laggards as they will likely be 2020’s early leaders, Goldman Sachs said.

The strategy to pick up battered stocks in the beginning of a given year has a good track record of beating the market, according to Goldman. The prior year’s bottom-third stocks have outperformed the S&P 500 in the first quarter for 11 times out of the past 17 years with an average 1.4% extra return on the benchmark, the bank said. In 2019, this laggard trade outperformed the S&P 500 by 3.7 percentage points, Goldman said.

Among the bottom third of the S&P 500 in terms of 2019 performance, the bank recommended buying the laggards that its analysts have out-of-consensus buy ratings and above-consensus estimates.

Westlake Chemical, L Brands, Terex, Yelp, Cree and Under Armour are some of the “buy-rated laggards” of 2019 where the majority of the Street has neutral or sell ratings but Goldman analysts recommend buying.

Goldman also likes laggards where the bank’s price targets are at least 5% above consensus in 2020. Under Armour, Etsy, Twilio, Westlake Chemical and GoDaddy are among the names on that list.

Under Armour is up only 5% on the year and Etsy fell 11% in 2019, both significantly lagging the S&P 500’s 24% gain. Petrochemical manufacturing company Westlake Chemical and web hosting company GoDaddy both are up about 1% this year.

To be sure, this year’s record-setting rally created a different set-up for this strategy as even the laggards are up year to date. So Goldman is advising clients against blindly piling into all of them.

“2019 has seen the strongest YTD absolute performance for laggards in over 5 years,” Alex Meintel, Goldman’s analyst said in a note to clients on Monday. “It underscores the importance of a selective approach to playing this year’s group of laggards.”

Stocks rebounded from a three-day slide on Wednesday and on track for another up day on Thursday on renewed trade optimism. The S&P 500 is on pace for its best annual performance since 2013.

“While the relative performance of laggards is in line with history, absolute performance is actually positive so far this year (+1% and +6% average and median, respectively), something that has happened just two other times since 2002,” said Meintel.

Energy and Discretionary laggards are down the most this year, underperforming the market by 32% and 30%, respectively, the analyst said.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: yun li
Keywords: news, cnbc, companies, strategy, beat, market, 500, westlake, stocks, 2019, trade, tends, armour, sachs, simple, chemical, goldman, laggard, laggards, early, performance


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Jobs data, Tiffany earnings, Aramco IPO final pricing: 3 things to watch for Thursday

Hamad Mohammed | ReutersHere are the most important things to know about Thursday before you hit the door. Labor market softening? The big miss raised concerns that the labor market could be softening. Earnings from Tiffany & moreEarnings season is wrapping up with more than 98% of the S&P 500 companies having released quarterly results. Dollar General, Ulta Beauty, Zoom Video and DocuSign are also slated to report earnings on Thursday.


Hamad Mohammed | ReutersHere are the most important things to know about Thursday before you hit the door.
Labor market softening?
The big miss raised concerns that the labor market could be softening.
Earnings from Tiffany & moreEarnings season is wrapping up with more than 98% of the S&P 500 companies having released quarterly results.
Dollar General, Ulta Beauty, Zoom Video and DocuSign are also slated to report earnings on Thursday.
Jobs data, Tiffany earnings, Aramco IPO final pricing: 3 things to watch for Thursday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: yun li
Keywords: news, cnbc, companies, tiffany, saudi, earnings, aramco, watch, report, things, data, pricing, week, quarter, ipo, share, final, labor, market, expecting, jobs


Jobs data, Tiffany earnings, Aramco IPO final pricing: 3 things to watch for Thursday

Signage of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad Mohammed | Reuters

Here are the most important things to know about Thursday before you hit the door.

1. Labor market softening?

Job growth slowed drastically in November with private payrolls increasing by just 67,000, well below the 150,000 consensus and the lowest month since May. The big miss raised concerns that the labor market could be softening. Investors will look to the weekly jobless claims on Thursday for more clarification. Economists polled by Dow Jones are expecting a total of 215,000 Americans to have filed applications for unemployment benefits last week, slightly up from 213,000 for the week ended Nov. 23.

2. Earnings from Tiffany & more

Earnings season is wrapping up with more than 98% of the S&P 500 companies having released quarterly results. The handful of companies to report on Thursday include Tiffany. Analysts are expecting the jeweler to report earnings per share of 85 cents in the fiscal third quarter, a slight increase from 77 cents in the same quarter last year, according to FactSet. Tiffany’s stock has skyrocketed 65% in 2019 and it recently got a boost after LVMH confirmed it will buy Tiffany for $16.2 billion, or $135 a share in cash. Dollar General, Ulta Beauty, Zoom Video and DocuSign are also slated to report earnings on Thursday.

3. The world’s biggest-ever new listing


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: yun li
Keywords: news, cnbc, companies, tiffany, saudi, earnings, aramco, watch, report, things, data, pricing, week, quarter, ipo, share, final, labor, market, expecting, jobs


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If there’s no trade deal this year, ‘I don’t know if I want to be around equities,’ Jeremy Siegel says

If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance. The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday. Without a trade re


If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance.
The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China.
If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 …
I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday.
Without a trade re
If there’s no trade deal this year, ‘I don’t know if I want to be around equities,’ Jeremy Siegel says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: yun li
Keywords: news, cnbc, companies, yield, theres, trade, jeremy, tariffs, equities, dont, know, think, stay, siegel, deal, stocks, really, trump


If there's no trade deal this year, 'I don't know if I want to be around equities,' Jeremy Siegel says

If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance.

The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. The White House reportedly still plans on moving ahead with scheduled Dec. 15 tariffs on Chinese goods despite the recent efforts between the two countries to work up phase one of a trade agreement.

If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday.

Trump’s comments sparked a flight to safe assets, pushing the yield on benchmark Treasury note to the lowest level since August. Without a trade resolution between the world’s two largest economies, rates are bound to remain low and investors will gravitate towards dividend-paying stocks, Siegel predicted.

“Yields are going to stay really low with Treasuries being a hedge asset like this … Utilities and defensive stocks, anything that gets you yield I think is going to do pretty well in 2020,” Siegel said.

However, Siegel cautioned Trump’s downplaying the urgency to make a deal could be a negotiating tactic.

“Honestly, in my personal opinion, this is just a negotiating tactic — be really tough right before you make a deal. I still think he will make a deal this year,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: yun li
Keywords: news, cnbc, companies, yield, theres, trade, jeremy, tariffs, equities, dont, know, think, stay, siegel, deal, stocks, really, trump


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In 2019, almost every investment worked

The S&P 500 is up more than 25% and counting. Treasurys, which tend to fall when risk assets rally, also gained in 2019. For stock investors specifically, it was hard to guess wrong. A look at the S&P 500 companies’ internal performance shows only 64 names, or 12%, are down this year. All 11 S&P 500 sectors are ending the year with positive returns.


The S&P 500 is up more than 25% and counting.
Treasurys, which tend to fall when risk assets rally, also gained in 2019.
For stock investors specifically, it was hard to guess wrong.
A look at the S&P 500 companies’ internal performance shows only 64 names, or 12%, are down this year.
All 11 S&P 500 sectors are ending the year with positive returns.
In 2019, almost every investment worked Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: yun li
Keywords: news, cnbc, companies, sectors, investment, 500, rates, investors, 2019, stock, sheet, markets, corporate, worked, returns


In 2019, almost every investment worked

Traders work on the floor of the New York Stock Exchange Lucas Jackson | Reuters

This year is shaping up to be one of the best ever for investors of all stripes with nearly every single asset class on track to finish 2019 in the green. From stocks to government debt to corporate bonds to commodities, no matter where you went, you reaped a profit this year. The S&P 500 is up more than 25% and counting. Treasurys, which tend to fall when risk assets rally, also gained in 2019. Oil, gold and corporate bonds all scored double-digit returns. For stock investors specifically, it was hard to guess wrong. A look at the S&P 500 companies’ internal performance shows only 64 names, or 12%, are down this year. All 11 S&P 500 sectors are ending the year with positive returns. Tech is the biggest winner this year with a 41.5% gain. Communication services, industrials, financials, real estate, consumer sectors all skyrocketed more than 20% this year.

‘Buy everything’

It might seem a little too good to be true as the markets have been grappling with a handful of risks that are almost unprecedented — a costly trade war with China and a bid to impeach the president. But thanks to the Federal Reserve for coming to the rescue. The central bank pulled a 180, cutting rates three straight times this year. The Fed has also been pumping billions into the financial system after the mid-September tumult in very short-term lending markets. “We’ve gotten three rate cuts as we know and a dramatic rise in the size of their balance sheet in a very short period of time,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. The markets “see an expansion of the Fed’s balance sheet to the extent it’s grown and the only response is, it’s QE. Buy everything.” The stimulus has lowered interest rates, pushing all assets up at the same time.

Will the markets hold up?


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: yun li
Keywords: news, cnbc, companies, sectors, investment, 500, rates, investors, 2019, stock, sheet, markets, corporate, worked, returns


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