The S&P 500 Utilities sector fell 1.5% on Wednesday. Scana (SCG), AES (AES), and Entergy (ETR) were the top losers in the utilities sector on March 8.
After weakness on Tuesday, the energy sector fell and reached the lowest levels since November 4, 2016. On March 8, the S&P 500 Energy Sector fell 2.5%.
After falling in the first two trading sessions this week, the S&P 500 continued to weaken and fell to the lowest price level in two weeks.
The healthcare sector fell lower on Tuesday. Stocks in the healthcare sector lost strength due to President Trump’s tweets about the drug industry.
After starting this week on a weaker note by falling on Monday, the S&P 500 continued to decline and closed at the lowest level since February 28.
The S&P 500 Index (SPY) is currently trading at price-to-earnings multiple of 18.6x.
The S&P 500 Index is trading 1.2% above its 20-day moving average and 6% above its 100-day moving average.
Various US indexes such as the S&P 500 Index (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite have performed well since the US election.
WestRock (WRK), Newmont Mining (NEM), and International Paper (IP) were the top losers in the materials sector on Monday.
The S&P 500 started March 6 on a weaker note and maintained the weakness throughout the day. The S&P 500 VIX Index measures uncertainty in the market.
As of March 2017, 17 out of the 20 analysts covering the stock, or 85%, have rated it as a “buy” or a “strong buy,” and three analysts have rated it as a “hold.”
Charles Schwab has seen consistent improvement in operating margins, backed by higher interest revenue, higher asset management revenue, new assets, and a rise in the broader market.
Charles Schwab’s (SCHW) stock has risen 8.8% in the past three months and 56.4% in the past year, backed by an expected strong performance in 2017.
The Federal Reserve raised interest rates by 0.25% in 4Q16 and is expected to raise them again in March 2017 in light of rising markets and lower unemployment.
Charles Schwab (SCHW) is expected to see higher trades in 1Q17, mainly due to higher volatility, rising equities, and interest rate tinkering by the Federal Reserve.
Charles Schwab’s (SCHW) Investor Services segment was managing $1.5 trillion, or 54% of Schwab’s total client assets, on December 31, 2016.
Through its Advisor Services segment, Charles Schwab (SCHW) is adding clients and assets in the areas of retirement and wealth management solutions.
Charles Schwab is expected to post earnings per share of $0.36 in 1Q17, reflecting a strong 24% rise year-over-year backed by higher trades and new client assets.
As of February 2017, three of the seven analysts (~43%) covering Berkshire Hathaway have rated it as a “buy” or a “strong buy.”
In 4Q16, Berkshire’s revenues from its Services and Retailing division rose to $6.9 billion in 4Q16, as compared to $6.5 billion in 4Q15.