Why Mario Gabelli Is Optimistic about Multimedia Stocks
Mario Gabelli is optimistic about multimedia stocks.
Mario Gabelli shared his view on tax reforms in a recent interview. According to him, the United States (SPY) (QQQ) will experience meaningful corporate tax reform in the near future.
Mario Gabelli is optimistic about the industrial sector (XLI).
The FANG stocks, which include Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL), have provided strong returns so far in this year.
On a year-to-date basis, Amazon has returned nearly 36% as of July 21, 2017.
At 6:45 AM EST on July 25, the FTSE 100 Index was trading at 7,439.25—a rise of 0.83%. The iShares MSCI United Kingdom ETF fell 0.56% to $33.74 on July 24.
On July 25, the Shanghai Composite Index started the day on a stable note but ended the day with losses amid profit-booking.
Bill Gross thinks the central banks should implement their strategies very carefully and cautiously in this scenario.
Bill Gross said in his July 2017 Investment Outlook that central banks in major developed nations maintained an ultra-low monetary policy for nearly a decade.
When ECB president Mario Draghi announced that the interest rate remained unchanged at 0.0%, the euro fell nearly 0.30% against the US dollar.
An inflation level below the ECB’s target level mainly caused the central bank to maintain a dovish stance.
On Thursday, July 20, 2017, in an interview with CNBC, billionaire investor and bond guru Bill Gross shared his view on the policy decisions of central banks.
Visa (V) reported strong net revenues in fiscal 3Q17 on the back of processed transactions, cross-border volumes, and payments volumes.
Visa (V) has been pursuing the Chinese market as a long-term opportunity, which could lead to an increase in its payments volume.
Visa (V) reported strong numbers on processed transactions in fiscal 3Q17.
In fiscal 3Q17, growth in cross-border volumes has been the major contributor to international transaction revenue growth.
Visa’s five-year average dividend yield (V) stood at 0.68%.
American Express’s (AXP) Global Merchant Services division witnessed an increase in its 2Q17 net income to $430 million, reflecting a rise of 15% from its 2Q16 net income.
American Express (AXP) has operating cash flow of ~$6.9 billion on a trailing-12-month basis.
In 2Q17, American Express’s (AXP) International Consumer and Network Services division posted net income of $209 million, reflecting an 8% fall on a year-over-year basis.