Investors who buy Apple today are able to lock in a nice dividend yield. If an investing thesis based on the premise that Apple is fundamentally undervalued isn’t enough for investors to get excited about the stock, its dividend may provide the needed kick. Apple’s higher-than-average dividend yield — combined with its excellent prospects as a dividend stock going forward — gives the iMaker a bit more appeal. Source: Morningstar.
Stock market already feeling sting of higher rates
“Will we help Syria?” Putin asked rhetorically during the G20 summit . “Yes, we will. We’re doing it right now, we’re supplying arms.” Stock market futures were surging for most of the morning, even through the disappointing August jobs report . U.S. companies added just 169,000 jobs in August, which was lower than the 180,000 expected by economists. July’s number was revised down to 104,000 from 162,000, and June’s number was revised down to 172,000 from 188,000.
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Higher mortgage rates mean less buying power for home purchases. On the flip side, there have been some real positive standouts during that time, namely industrial stocks. They’re the best performing sector in the S&P [read] 500 since early May. Diversified manufacturer Dover ( 28 percent) and Lockheed Martin ( 24 percent) are helping to lead the way higher in that sector. Even some consumer discretionary names that aren’t necessarily that retail focused are doing well, like Goodyear Tire & Rubber ( 71 percent).
Stock Market Update from Briefing.com
pre-market action before a slate of better-than-expected economic reports for initial claims, second quarter productivity, factory orders, and ISM Services lent support to the belief that the Federal Reserve would begin slowing the pace of its asset purchases at the upcoming September 17/18 policy meeting. The benchmark 10-yr yield rose eight basis points to 2.98%. The continued rise in interest rates has pressured on the most rate-sensitive sectors. Consumer staples (-0.1%), telecom services (-0.8%), and utilities (-0.4%) finished at the bottom of the Thursday leader board, which widened their third quarter losses. Since the start of July, the three sectors are down 0.5%, 6.2%, and 3.2%, respectively.
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President Mario Draghi pledged the ECB will keep its policy interest rate at a record low 0.5% for “an extended period of time.” This year’s expected inflation rate of 1.4% is below the ECB’s target rate of nearly 2%, which means “the ECB has ample scope to cut interest rates, and perhaps even should do so,” according to Howard Archer, chief U.K. and European economist at IHS Global Insight. He believes the ECB will likely lower its policy interest rate to 0.25% from 0.50% in the fourth quarter. “The ECB could very well be prompted into action to counter a further rise in eurozone market rates, particularly if they spike up when the U.S.
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The government often revises them.) JUNE 7: WHAT HAPPENED: The 175,000 jobs added by American employers in May struck the right balance for investors. The report suggested the economy was expanding, but not so strongly that the Federal Reserve would pull back from its economic stimulus soon. That program has been an important factor powering a four-year bull run in stocks. HOW THE MARKET REACTED: Stocks surged. The Dow Jones Industrial average rose 207 points, or 1.4 percent, to close at 15,248.12. It was the Dow’s best day in five months.
How the Stock Market Reacts to Jobs Reports
The deal, estimated around US$130bn (84bn) was announced by Vodafone after the close of trading that day on the London Stock Exchange. Quickly, l tried to find the implications of such a deal on the shareholders of Vodafone and this is what l found: Vodafone shareholders are set to receive a 54.3bn payout following the sale of the groups 45 per cent stake. In fact, Vodafone is a favoured stock in the UK. Globally, Vodafone continues to enjoy a lot of growth, making it one of the worlds valued brands. Even though in the case of Vodafone most of the major shareholders are all institutions, individual shareholders, even if in the minority, also stand to benefit handsomely from the deal.