Investors have been frustrated over the past few years thanks to the trade war. Every piece of bad news, even if just a rumor, has been enough to send stocks down.
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| | Good morning.. Investors have been frustrated over the past few years thanks to the trade war. Every piece of bad news, even if just a rumor, has been enough to send stocks down. Every piece of good news, likewise, has sent stocks rallying. With the U.S. and China once again pushing towards a deal, and with a potential for that deal to fail yet again, it seems that nothing will change.
That's also why it's surprising that one of China's top trade negotiators stated that they enjoy working with President Trump—and hope that he will be re-elected. The negotiator's rationale? Trump makes the "decision-making process efficient and transparent, because he basically says what it is…"
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| | What percentage of S&P 500 companies that have reported earnings so far this quarter have beaten their estimates? Reply to this Email. | | | |
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| DOW 27,681.24 | +0.02% | | |
| S&P 3,093.08 | +0.25% | | |
| NASDAQ 8,475.31 | +0.48% | | |
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*As of market close |
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• | Stocks dropped at the open, but managed to close the day with slight gains across the board. | | • | Oil rose 0.4 percent, to $57.40 per barrel. | | • | Gold dropped another 0.5 percent, to $1,460 per ounce. | | • | Cryptocurrencies took a dive, with bitcoin falling 4.5 percent to $8,845. | | |
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Three Companies Raising Their Buyback Programs Now | |
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Companies have a number of options for providing their shareholders with a profit from the business. While most investors focus on dividends, or cash payments from the business, many companies have embraced share buybacks as well.
The biggest reason is that it's a more tax-efficient way to boost shareholder returns relative to dividend payments. Companies can buy back shares with their post-tax profits, whereas dividends are taxed as earnings and then again at the shareholder level.
» FULL STORY |
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| Insider Trading Reports: McDonald's (MCD) | |
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The new CEO of McDonald's, who previously owned zero shares in the firm, picked up 2,580 in his first week on the job. The total cost came to $500,000, and was made on the open market as a vote of confidence in the company. A director at the company also made a 1,300 share buy at $194,000.
Insider data for the past three years shows this is the first insider buy since 2017; all other insider activity has been sales.
» FULL STORY |
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| Unusual Options Activity: Qualcomm (QCOM) | |
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The April 2020 $105 call option on Qualcomm (QCOM) saw a seven-fold surge in trading from 100 call options to over 700 calls trade.
The move comes after the company beat earnings and shares hit a new 52-week high, topping $90 per share. The option is a bet on another $15 rally in shares, or another 16.7 percent higher in the next six months.
» FULL STORY |
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TOP | | REIGN | 4.718% | | | QCOM | 4.501% | | | NBL | 4.232% | | | XRX | 4.128% | | | ABBV | 3.902% | | | BOTTOM | | GPS | 7.641% | | | ALB | 4.777% | | | BKNG | 4.061% | | | HOLX | 3.996% | | | JCI | 3.192% | | | |
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It turns out when you cut short rates 75 basis points, you can steepened that curve by 93 basis points. In general it looks more and more like the Fed might achieve their soft landing. It's by no means a done deal. This is still predicated on the trade deal being completed and continued positive economic data |
- Jon Hill, rate strategist at BMO, at the repricing in the bond market following the Federal Reserve's rate cuts this year. |
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