The post-election “Trump rally” occasionally sputters but remains surprisingly on track, as the major indices continue to motor ahead and smash records. And yet hopeful investors also are biting their nails, because of a nagging reality: this aging bull market is overvalued and considerably overdue for a correction.
Wall Street caught a glimpse of a salient “correction trigger” in recent days, i.e. the growing likelihood that President Trump won’t be able to deliver on all of his grandiose promises.
We’ll examine this looming day of reckoning, as well as a few steps you can take now to protect your portfolio. First, let’s look at how the table is set for a market tumble.
With 92% of the companies in the S&P 500 reporting actual operating results for the fourth-quarter of fiscal 2016, 66% of companies have exceeded the mean earnings per share (EPS) estimate and 52% have exceeded the mean sales estimate, according to the latest figures posted on Feb. 24 by research firm FactSet.
share market tips: Black Diamond, Inc.(BDE)
- [By Jim Robertson]
At the beginning of the week, our Under the Radar Moversnewsletter suggested small cap sporting & outdoor goods stock Black Diamond Inc (NASDAQ: BDE) as a short/bearish trade:
share market tips: Kalytera Therapeutics, Inc. (QUEZF)
- [By Javier Hasse]
Kalytera Therapeutics Inc (OTC: QUEZF) closed a C$13.4 million ($10.2 million) tranche of a private placement for the acquisition of Talent Biotechs Ltd.
share market tips: Exxon Mobil Corporation(XOM)
- [By WWW.THESTREET.COM]
“As a technician, I see largely rangebound motion with big bounces being retraced and fades being bought at deep support,” she added. “As the markets opened, holding over $48.12 will likely spell a bullish run as several refineries are closed in the region, such as Phillips66 (PSX) , Shell Petrobras and Exxon (XOM) . The support tests that hold $47.3 will be buy zones more than likely. Overall, the current remains the same – a largely landlocked region with only temporary moves up or down until the rebalancing looks better.”
- [By Paul Ausick]
Exxon Mobil Corp. (NYSE: XOM) traded down 1.87% at $90.85. The stock’s 52-week range is $71.55 to $95.55. Trading volume was about 15% below the daily average of around 11.4 million. The company had no specific news, but the declining crude price took a bite out of the share price.
- [By Ben Levisohn]
In my Trader column over the weekend, I wrote bearishly about ExxonMobil (XOM), with one aspect of the negative case being its lack of major M&A to boost its growth. So of course, Exxon announced a deal to buy 250,000 acres in the Permian basin on Tuesday. That deal has gotten Cowen’s Sam Margolin and team excited, as they now foresee a wave of M&A arriving. They explain:
We view Exxon’s recent acquisition, which includes 250k acres in the Delaware Basin, positively as Exxon addresses investor push-back around reserve replacement and provides a template for future consolidation, utilizing its cost of capital advantage. With significant balance sheet capacity following a conservative stance throughout the downturn, we expect to see further deals from Exxon over the next 6-12 months as the new CEO implements strategy going forward. We see capacity to execute M&A while also raising the dividend.
Still, I’m not giving up hope yet. Another part of my argument, Exxon’s valuation remains very much intact, and was cited as one reason for UBS’s downgrade of the oil giant this morning.
Shares of ExxonMobil have dropped 1.6% to $84.93 at 10:44 a.m. today, while the Energy Select Sector SPDR ETF (XLE) has declined 0.4% to $74.39.
- [By Paul Ausick]
Exxon Mobil Corp. (NYSE: XOM) traded down 1.10% at $80.88. The stock’s 52-week range is $80.05 to $95.55. Volume was about 30% below the daily average of around 11.7 million shares. The company had no specific news Friday.
- [By Shanthi Rexaline]
Exxon Mobil Corporation (NYSE: XOM) reported 30 percent revenue growth to $63.29 billion and net earnings more than doubled to $4.01 billion from $1.81 billion last year, with costs rising 22 percent.
- [By Paul Ausick]
The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Exxon Mobil Corp. (NYSE: XOM) which traded down 1.50% at $87.17. The stock’s 52-week range is $71.55 to $95.55. Volume was about 10% below the daily average of around 10.6 million shares. As noted earlier, crude prices tumbled today and dragged the Dow stocks down as well.
share market tips: iShares MSCI Emerging Markets (EEM)
- [By Craig Jones]
Speaking on Bloomberg Markets, Dan Deming of KKM Financial suggested a bullish options strategy in iShares MSCI Emerging Markets Indx (ETF) (NYSE: EEM).
- [By WWW.GURUFOCUS.COM]
For the details of RABOBANK NEDERLAND ‘s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=RABOBANK+NEDERLAND+
These are the top 5 holdings of RABOBANK NEDERLAND Bank of America Corporation (BAC) – 250,000 shares, 100% of the total portfolio. New PositionBlackBerry Ltd (BBRY) – 0 shares, 0% of the total portfolio. Shares reduced by 10000%iShares MSCI Emerging Index Fund (EEM) – 0 shares, 0% of the total portfolio. Shares reduced by 10000%iShares MSCI Brazil Capped Index Fund (EWZ) – 0 shares, 0% of the total portfolio. Shares reduced by 10000%VanEck Vectors Gold Miners (GDX) – 0 shares, 0% of the total portfolio. Shares reduced by 10000%
- [By Shah Gilani]
7) iShares MSCI Emerging Markets ETF (NYSEArca:EEM) traded $603 billion in shares
6) Amazon.com Inc. (NasdaqGS:AMZN) traded $710 billion in shares
- [By Dan Caplinger]
2017 has been a tumultuous year, with plenty going on in the political and financial realms. Yet the stock market has done quite well, and index funds that track popular stock benchmarks have given their investors solid returns. In particular, among the most popular exchange-traded funds, iShares MSCI Emerging Markets (NYSEMKT:EEM), PowerShares QQQ (NASDAQ:QQQ), and iShares Core MSCI EAFE (NYSEMKT:IEFA) have delivered some of the best returns.
- [By Craig Jones]
On CNBC's Trading Nation, Todd Gordon recommended a bearish options strategy in iShares MSCI Emerging Markets Indx (ETF) (NYSE: EEM). He said that the ETF is under pressure because of weak commodity prices and strong U.S. dollar. He explained that falling bond prices have caused a rally in the U.S. dollar.