Oppenheimer’s Ari Wald compare the current market to 1983, and recommend owning top-performing economically sensitive stocks like 3M (MMM), Microsoft (MSFT), and Honeywell International (HON) before the S&P 500 breaks out:
We see similarities in current market conditions to how the S&P traded in 1983. In 1983, following the initial surge off the low,....More>>>
Investors have been flocking to index funds, both mutual and exchange-traded versions, in ever-increasing numbers. In doing so, theyve yanked tens of billions of dollars out of actively managed funds, which try to beat an index and normally charge more than unmanaged index funds.
See Also: How to Buy 7 Great Load Funds Without Paying the Sales Load
But a hybrid type of fundpart index....More>>>
Shares of Morgan Stanley (MS) are lower this morning despite earnings that JMP’s Devin Ryan calls “solid.” He explains:
First look: solid 1Q16 results for Morgan Stanley when considering the backdrop; reiterate our Market Outperform rating and $36 price target. Morgan Stanley reported 1Q16 EPS of $0.55, well ahead of consensus of $0.46 and our....More>>>
Stocks surged higher today as weaker-than-expected economic data make a September rate hike unlikely.
Michael Nagle/Bloomberg News
The S&P 500 gained 1% to 2,147.26 today, while the Dow Jones Industrial Average rose 177.71 points, or 1%, to 18,212.48. The Nasdaq Composite climbed 1.5% to 5,249.69.
RBC Capital Markets economists Tom Porcelli andJacob Oubina explain....More>>>
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