Bill Gross said in his June investment outlook that making money in the present economic environment is different from making money a decade ago.
In his June investment outlook, Bill Gross, portfolio manager at Janus Henderson, said various “secular headwinds” could impact investment returns.
The US Dollar Index lost momentum at the end of last week and closed the week almost flat. The US Dollar Index is stable in the early hours on June 19.
Amazon announced that it will acquire Whole Foods. The announcement raised speculations about how the move could change the retail industry.
After losing momentum in the middle of the week after the Fed raised interest rates, the S&P 500 closed the day with minute profits on June 16.
The United Kingdom’s FTSE 100 index fell in the first four trading days last week but it regained strength on Friday. It opened higher on June 19.
After losing momentum last week amid the technology sector sell-off, Hong Kong’s Hang Seng Index opened higher on June 19.
On June 12, 2017, the White House issued recommendations to relax banking regulations due to a significant improvement in the financial system and renewed economic growth.
Declining store sales in the first quarter and lower guidance dented the sentiment in Kroger stock. Kroger opened gap down on Thursday.
The S&P 500 lost momentum on Wednesday amid the Fed’s interest rate hike decision. There wasn’t any substantial buying pressure in the S&P 500.
European markets opened higher on Friday amid news about Greece’s bailout. At 6:50 AM EST on June 16, the FTSE 100 Index was trading at 7,470.50.
Japan’s Nikkei Index regained strength on Friday. It opened higher and closed the week at a one-week high. The stronger dollar also supported Nikkei.
The London Stock Exchange’s high market share in growth areas such as client clearing, along with its good asset quality, suggest that the stock exchange is on solid ground.
Visa (V) boasts a significant advantage in terms of its worldwide acceptance. This availability lent to the network effect’s being the source of the company’s moat.
After starting on a weaker note, the United Kingdom’s FTSE 100 index fell in the first three trading days this week. On June 15, it opened the day lower.
The Fed increased interest rates by a quarter point on June 14. Although inflation missed the Fed’s expectations, interest rates rose to 1%–1.25%.
On June 15, the Shanghai Composite Index opened lower amid weaker sentiment and regained some strength as the day progressed.
Bank of America (BAC) has improved its efficiency by putting in place a strong policy for expense reduction. In 1Q17, the bank achieved a 7% operating leverage.
Bank of America (BAC) is expected to post earnings per share (or EPS) of $0.46 in 2Q17 and $0.47 in 3Q17, compared to $0.41 in the previous year’s quarters.
President Donald Trump’s administration has presented the Financial CHOICE Act in hopes of repealing part of the Dodd-Frank Act.