RECENT Financials RESEARCH
On November 9, 2017, Mario Gabelli, the CEO and chair of Gabelli Funds, shared his views on market movement, fiscal policy, and his infrastructure and multimedia stock picks.
In this series, we’ll review global recent market activity and today’s economic calendar.
Chubb Limited (CB) reported its 3Q17 earnings on October 26, 2017. The insurance giant reported a loss of $0.13 per share in 3Q17.
Citigroup (C) has seen strong performance over the past few years, backed by rising credit, interest rate margins, and trading activity. Its stock has risen 36% over the past year.
Paul Singer, the CEO of Elliott Management, increased his holdings in NXP Semiconductor (NXPI) in 3Q17, according to a recent 13F filing report.
Last week, US markets ended on a sour note. The S&P 500 Index (SPY) and the Dow Jones Industrial Average (DIA) fell 0.13% and 0.27%, respectively.
With the recent implementation of parts of the U.S. Department of Labor’s fiduciary rule, advisors are sharpening their pencils when it comes to performing due diligence on equity and fixed income holdings in their clients’ portfolios.
According to a recent 13F filing, Warren Buffett increased Berkshire Hathaway’s (BRK-B) stake in Apple (AAPL). On a year-to-date basis, the stock has returned nearly 46% as of November 15, 2017.
According to Baron, the incredible disruptions society has created, both positive and negative, have created a huge opportunity to fuel economic growth.
American International Group (AIG), which released its 3Q17 results earlier this month, saw its revenue fall 9% to $11.8 billion in 3Q17 from $12.9 billion in 3Q16.
The S&P 500 Financial Index fell 2.7% last week, dragging down the benchmark index.
Mark Cuban has an optimistic view on Amazon. He said, “Just because of their growth, I’ve had them for a long time. I don’t switch things around.”
Mastercard (MA) reported its 3Q17 earnings on October 31, 2017. EPS (earnings per share) came in at $1.34, which was above Wall Street analysts’ estimate of $1.23.
On Thursday, October 26, 2017, legendary investor Ray Dalio shared his views on the equity market and the bond market in an interview with Bloomberg Radio.
The S&P 500 Index continued its winning streak last week and reported eight consecutive weeks of gains. The index rose 0.26% week-over-week.
On Wednesday, October 25, 2017, David Einhorn, the CEO of Greenlight Capital, shared his view on value investing, market movement (IWM) (VOO), and stock picks in an interview with CNBC.
The global economy continues to grow above trend, supporting US exports. However, there has been a sharp decline in net imports of crude oil and petroleum products thus far in the fourth quarter.
Indexing has become an undeniable force in the investment world…and indexing’s rise didn’t happen by accident.
In the last one year, crude oil (USO) (UCO) prices have risen nearly 20%. Leon Cooperman predicts crude oil will reach $60 per barrel in the near future.
The S&P 500 Index is trading at a forward price-to-earnings ratio of 17.8x, which is higher than the historical average of 15x.