On March 1, 2017, the S&P 500 Index (SPY) (IVV), the Dow Jones Industrial Average (DIA), and the NASDAQ Index made new highs and closed at nearly 2,396, 21,115, and 5,904 levels, respectively.
The S&P 500 Index (SPY) (QQQ) showed a weaker performance in March 2017 with returns of nearly -1.4%.
The difference between trailing and forward PE ratios suggests that technology, telecom, healthcare, and materials could likely see robust earnings growth.
Treasury securities surged between March 13, 2017, and March 27, 2017. The demand for Treasury securities rose after the failure of President Donald Trump’s healthcare policy implementation.
The recent fallout surrounding healthcare reform efforts in the United States is raising doubts in the minds of investors.
The S&P 500 Index (SPX-INDEX) has posted a rise of ~5% since the beginning of 2017, with banks and energy stocks leading the rally as of March 29, 2017.
Bond markets are experiencing rising yields due to higher economic growth expectations. However, the 10-Year Treasury yield was still low at 2.4% on March 29, 2017
In a recent interview on March 16, 2017, on CNBC’s Closing Bell, billionaire investor Howard Marks shared his views about investment expectations in a low interest rate environment.
VanEck International Moats: Catch Me if You Can (Contd..) Otherwise strong performance from Indian constituents was muted by the struggles of automaker Tata Motors Ltd (TTMT IN, -11.41%), which were…
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VanEck U.S. Domestic Moats: Buy Buy Baby (Contd..) It’s been a wild ride for pharmaceutical and biotech companies since last year’s U.S. presidential election, but Morningstar’s economic moat and valuation…
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VanEck Performance Overview The U.S.-oriented Morningstar® Wide Moat Focus IndexSM (MWMFTR, or “U.S. Moat Index”) continued its strong start to the year by outperforming the S&P 500® Index (5.15% vs.…
The financials sector (FNCL) is the biggest beneficiary of the rise in interest rates. Higher interest rates boost banks’ (JPM) profit margins.
According to the president and chair of Standard & Poor’s Investment Advisory Services, a 1% cut in the corporate tax rate could add $1.31 to the S&P 500’s earnings in 2017.
Though healthcare (FHLC) stocks are trading at a one-year forward price-to-earnings multiple of 16.1x, a tad higher than their five-year average of 15.4x, they’re still attractive.
Regardless of their strong performance, financials are still trading at a valuation 30% lower than the all-time high they reached before the financial crisis.
Between March 7–14, 2017, crude oil prices fell nearly 11.5%.
The most important indicators for this week are the US consumer confidence and consumer sentiment reports.
Japan’s manufacturing PMI (purchasing managers’ index) stood at 52.6 in March 2017 compared to 53.3 in February.