There are lots of articles out there talking about how the smartest move you can make for your retirement is to start saving and investing today. And (of course) if you’re young enough to enjoy the power of compound interest, that is absolutely the best advice out there.
But what about those who are nearing retirement right now? What steps can they take to ensure a healthy and happy life over the next few decades? Read below to see three under-appreciated steps you can make today that’ll make a big difference in the future.
Image source: Getty Images.
Coordinating with your spouse on Social Security is vitally important
With the way Social Security benefits are doled out, the timing of receiving your first benefit can have a huge effect on both you and your spouse. There are a couple of key rules that need to be understood:
stock market data: Enviva Partners, LP(EVA)
- [By Manikandan Raman]
There also some lesser known clean energy stocks that may witness downward movement on potential Trump win on negative sentiment. They include Pattern Energy Group Inc (NASDAQ: PEGI), Enviva Partners LP (NYSE: EVA), TerraForm Global Inc (NASDAQ: GLBL), Renewable Energy Group Inc (NASDAQ: REGI) and Ameresco Inc (NYSE: AMRC).
stock market data: Endocyte, Inc.(ECYT)
- [By Lisa Levin]
Shares of Endocyte, Inc. (NASDAQ: ECYT) were down 31 percent to $1.89 after the company issued clinical updates for EC1456 and EC1169, and announced plans to reduce workforce by 40 percent via restructuring. Endocyte said that it is continuing EC1169 program in taxane-exposed patients, but ending clinical development of EC1456 and EC1169 in taxane-na茂ve patients.
- [By Benzinga News Desk]
Carl Icahn has big plans for the US auto-parts sector — and big retailers like AutoZone (NYSE: AZO), O’Reilly Automotive (NASDAQ: ORLY) and Advance Auto Parts (NYSE: AAP) aren’t going to like them: Link
ECONOMIC DATA USA Unit Labor Costs (QoQ) for Q1 2.20% vs 2.50% consensus estimate. Nonfarm Productivity (QoQ) for Q1 0.00% vs -0.20% consensus estimate. US Services Purchasing Managers' Index for May is schedule for release at 9:45 a.m. ET. Data on factory orders for April will be released at 10:00 a.m. ET. The ISM non-manufacturing index for May is schedule for release at 10:00 a.m. ET. The labor market conditions index for May will be released at 10:00 a.m. ET. The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET. The TD Ameritrade Investor Movement Index for May is schedule for release at 12:30 p.m. ET. ANALYST RATINGS HSBC upgraded Chevron (NYSE: CVX) from Hold to Buy Susquehanna upgraded Skechers (NYSE: SKX) from Neutral to Positive Deutsche Bank upgraded WEX (NYSE: WEX) from Hold to Buy Pacific Crest downgraded Apple from Overweight to Sector Weight RBC downgraded Perrigo (NYSE: PRGO) from Sector Perform to Underperform Wedbush downgraded Endocyte (NASDAQ: ECYT) from Outperform to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email firstname.lastname@example.org.
stock market data: AmerisourceBergen Corporation (Holding Co)(ABC)
- [By Ben Levisohn]
AmerisourceBergen (ABC) sprinted to the top of the S&P 500 after releasing Street-beating earnings this morning.
Shares of AmerisourceBergen jumped 8.8% to $$75.96 today, while the S&P 500 dropped fell 0.7% to 2,097.94.
Leerink’s David Larsen and Matt Dellelo traces today’s big gain to Amerisource’s big drop following McKesson’s (MCK) earnings last week:
This morningAmerisourceBergen reported adjusted EPS of $1.30, which was well ahead of Leerink/consensus of $1.22/$1.22. The quality of the beat appears decent, with some pressure in gross margin, completely offset by lower SG&A costs. Given the dramatic reduction in guidance provided byMcKesson (MP), investors had been very cautious heading into the quarter. We are pleased to see that F2017 EPS guidance of $5.63-$5.88 brackets Leerink/consensus estimates of $5.85/$5.82. Brand inflation is now expected to be in the +7-9% range from 10% previously, and F2017 is expected to be back-half loaded. Our first impression of the quarter is that the print and guide are good and there will likely be a relief rally in the shares.
AmerisourceBergen’s market capitalization rose to $18.1 billion from $16.6 billion yesterday.
stock market data: National CineMedia, Inc.(NCMI)
- [By Jon C. Ogg]
National CineMedia Inc. (NASDAQ: NCMI) was maintained as Neutral at Credit Suisse but the firm worries that its dividend coverage is a key focus. Its dividend yield is 11% or so. The firm lowered estimates and slashed its target price to $8 from $12.
stock market data: Illinois Tool Works Inc.(ITW)
- [By WWW.THESTREET.COM]
There are lots of stories like that out there these days. People were perplexed about the Illinois Tool Works (ITW) and Cummins Engine (CMI) and Caterpillar (CAT) quarters, but they turned out to be classic buying opportunities after years of being sell opportunities if the stocks had run. I can’t explain to you how amazing that is. Here are three stocks that have spent months and months in purgatory when they have missed or guided down or slashed forecasts. Now they are up gigantically.
stock market data: Zillow Group, Inc.(Z)
- [By Nelson Hem]
Also in this week’s Barron’s:
A special report on strategic beta ETFs How to take advantage of underpriced stocks Who is in denial about the death of the personal computer market Finding the best value mutual funds Finding value in big stocks and emerging markets How mining companies are striving for sustainability Why Zillow Group, Inc.-Class C (NASDAQ: Z) could fall 25 percent Six unconventional yield plays for an uncertain market Why Alibaba Group Holding Ltd (NYSE: BABA) investors may lose in hot IPO
Disclosure: At the time of this writing, the author had no position in the mentioned equities.
- [By Steve Symington]
The stock market was mostly flat today ahead of a key House vote on the passage of the Republicans’ healthcare bill, which was delayed until Friday after GOP lawmakers failed to gather the necessary support. TheDow Jones Industrial Averagelost just 5 points, or 0.02%, while other broader market indexes saw similar small declines. But several individual stocks saw much more severe drops, including Zillow Group (NASDAQ:Z) (NASDAQ:ZG), Proofpoint (NASDAQ:PFPT), and Accenture (NYSE:ACN). Read on to see what drove these unusual moves.
- [By Steve Symington]
Shares of Zillow Group Inc. (NASDAQ:Z)(NASDAQ:ZG)climbed 13.8% in the month of April,according to data provided byS&P Global Market Intelligence, ahead of the online real estate specialist’s impending first-quarter 2017 report.