Friday was a mixed day for the stock market; the Dow Jones Industrials fell slightly even as the S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite finished higher. The S&P 500’s gains of about a fifth of a percent were propelled in part by favorable economic data showing that retail sales climbed by 0.6% in December, driven by strong performance in the automotive sector. Solid bank earnings....More>>>
Just a couple weeks ago, 13F filings started flowing in, and Berkshire Hathaway’s (NYSE:BRK-A) (NYSE:BRK-B) ownership disclosures showed that Warren Buffett nearly quadrupled his Apple (NASDAQ:AAPL) position in the fourth quarter. The Oracle of Omaha closed out 2016 with approximately 57.4 million shares, up from the 15.2 million shares that Berkshire Hathaway was holding at the end of the....More>>>
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Since August 2010, the Dow Jones Industrials (DJINDICES:^DJI) have risen from below 10,000 to within a fraction of a point of 20,000. Doubling in just over six years is an impressive feat, especially given that the Dow also pays a respectable dividend yield of more than 2% on top of its rise. Yet although all 30 stocks that are currently in the Dow have risen over....More>>>
LPL Names 20 Fund Families on New Fiduciary-Friendly Platform
Chasing HENRY, the Hottest New Prospect
Rep. Wagner Drafts Bill to Kill DOL Fiduciary Rule
LPL Financial’s fiduciary-friendly platform for affiliated advisors is still about six months from being launched, but the independent broker-dealer shared the names of its 20 mutual fund partners on Thursday.
CEO Bobby Kotick led Activision Blizzard’s (NASDAQ: ATVI) first quarter conference call with a short but interesting speech. He didn’t once mention 2017’s revenue driving Destiny or Call of Duty game releases, though early metrics point to both titles success. Instead, Kotick took to the opportunity to prioritize the company’s plans to sell advertising and media rights. This....More>>>
Wednesday’s sudden jump in oil prices caught most traders off guard. While all traders were aware that OPEC was holding a meeting in Algiers, few actually believed that this dysfunctional cartel of oil producers, whose members have a long history of violating their promised production limits, would actually reach a consensus. Because two key OPEC members, Saudi Arabia and Iran, have been at....More>>>
A Thought Provoking Conference
At the Bloomberg Intelligence Cannabis Trends & Legalization Implications Conference yesterday up on Park Avenue, there was a lot to talk about regarding the future of the cannabis industry. Given the recent state-level victories for cannabis legalization, as well as Donald Trump’s top pick for Attorney General, many industry attendees shared the same....More>>>
On Dec. 14, 2016, the federal funds rate was hiked by 25 basis points to 0.75%. More hikes are expected in 2017, but early this month, Fed FOMC members decided to maintain the interest rate at 75% for the time being without ruling out further increments. The next meeting of the Fed is slated for Wednesday, March 15, and analysts believe that the current rate of 0.75% will hold.