The allure of the largest U.S. technology companies is understandable given significant returns last year, but their sheer size is the reason for their eventual downfall and long-term stock underperformance, according to Rob Arnott, founder of Research Affiliates.
Source: ThinkstockNovember 20, 2017: The S&P 500 closed up 0.1% at 2,582.23. The DJIA closed up 0.3% at 23,431.55. Separately, the Nasdaq was up 0.1% at 6,790.71.
Monday was a relatively positive day for the three major U.S. exchanges, but trading volumes were low as this is a truncated trading week. Crude oil was negative on the day. The S&P 500 sectors were more or less split down....More>>>
Leidos Holdings (NYSE:LDOS) is a technology company which delivers solutions and services in the following five segments: Advanced Solutions, Civil, Defense, Health, and Intelligence and Homeland Security. For fiscal year 2015, the company produced $10 billion in revenue. Revenue breakdown by segment in descending order was Defense 30%, Civil 27%, Intelligence and Homeland Security 27%, and Health....More>>>
Shares of energy stocks, including ExxonMobil (XOM), Chevron (CVX), Whiting Petroleum (WLL), and Devon Energy (DVN), are surging on reports that OPEC has agreed to to limit the amount of oil its members produce. Bloomberg’s Nayla Razzouk,Grant Smith, and Angelina Rascouetreport:
OPEC agreed to cut production for the first time in eight years, according to a delegate....More>>>
SA Author Research and Investment’s latest article on DryShips (NASDAQ:DRYS) deserves a comment. This excellent author estimates that DryShips stock will trade down to $1 and over 100 million new shares will be issued to take up the remaining $137 million of equity available from the Kalani deal.
Suppose he is right. If DryShips issues another 137 million shares and lands with about....More>>>
A recent survey from Accenture showed that 26% U.S. consumers have had their personal medical information stolen from technology systems, and half of those who experienced a breach were victims of medical identity theft. On average, those victims had to pay around $2,500 in out-of-pocket costs per incident.
The breaches were most likely to occur in hospitals (36%), followed by urgent-care....More>>>
With Apple Inc. (Nasdaq: AAPL) reporting earnings after the bell tomorrow (Tuesday, May 2), investors will be closely watching the Apple cash reserves.
According to The Wall Street Journal, the Apple cash pile should total more than $250 billion, with more than 90% (or $225 billion) stashed overseas. That would further cement Apple’s status as the richest company on the planet.....More>>>
After reviewing six new surveys and studies from financial services firms and the U.S. government, I’ve decided that Americans’ position on retirement planning can be summed up in, well not a word exactly, but an emoji: The Shruggie. ¯_(ツ)_/¯
Yes, people believe there’s a national retirement crisis — though they say they’re not having one personally,....More>>>
DETROIT Volkswagen Group pleadedguilty Friday to three criminal chargesarising from its diesel emissions scandal, setting it up for a penalty that will probably propel its total costs fromthe debacle past the $20 billion mark.
U.S. District Court Judge Sean Coxin Detroitaccepted the plea but postponed agreeing to proposed fines and terms of a settlement. Another hearing was set for April....More>>>
When buying a home, the most important numbers for mortgage lenders are the buyer’s credit score and the buyer’s debt-to-income ratio. The first is a summary of how the buyer has been managing debt and the second indicates whether the lender can reasonably expect the borrower to be