Author: super@dmin
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Outside the Box: Stocks historically have rallied 37% after midterm elections — will it happen again?
In my Oct. 26 MarketWatch column, I argued that a drop in the S&P 500 Index to 2,675-2,587 points would be followed by a rally toward 2,900. The chart below, published in the Oct. 28 Profit Radar Report, provides a visual projection of the S&P 500 SPX, -0.16% path described above. (Here’s the Oct. 26…
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Europe Markets: Europe stocks mixed as market waits for Fed
European stocks were mixed session on Thursday, supported by banks such as Commerzbank AG and Société Générale SA after well-received earnings reports. Investors were awaiting the outcome a Federal Reserve meeting as well. What are markets doing? The Stoxx Europe 600 SXXP, +0.18% wasup 0.3%, after Wednesday’s gain of 1.1%. Germany’s DAX 30 DAX, -0.44%…
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American Express launches new Business Gold Card with flexible repayment feature
American Express AXP, +0.67% on Thursday announced a new card for small businesses that aims to provide them more flexibility over their spending. The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards and credit cards. The card builds on other recent additions to American Express’ slate of…
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Sustainable Investing: 10 reasons gender diversity can make you money (and you don’t need to be a feminist to profit)
One of the fundamental components of Responsible Investing, particular those strategies with a focus on environmental, social and governance (ESG) factors, is diversity. While some may continue to struggle with diversity from a wholly moral perspective, one need not feel an ethical obligation toward diversity to see economic benefits from a financial perspective. One doesn’t…
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Market Snapshot: Dow and S&P 500 appear poised to halt 3-day rally as Fed policy update looms
The Dow Jones Industrial Average and the S&P 500 looked set to end three consecutive days of gains as investors awaited a monetary-policy update from the Federal Reserve, which could offer fresh clues on the pace of near-term rate increases. How did the benchmarks perform? Futures for the Dow YMZ8, -0.18% were down 90 points,…
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Need to Know: How to survive the next stock selloff ‘without getting your face ripped off’
Investors must shift quickly from postelection analysis to the latest word from the Fed since October’s market meltdown. After Wednesday’s postelection rally, some might be entertaining a fairy-tale ending to the week for stocks that involves less fiscal easing and a less vigorous pace of raising interest rates by the Fed. On the contrary, cautions…
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NerdWallet: Will a mortgage be a dark cloud over your retirement?
This article is reprinted by permission from NerdWallet. Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes. But retiring a mortgage before you retire isn’t always possible. Financial planners recommend creating a Plan…
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Credit.com: How to rebuild your credit—fast
It’s a common question around these parts: how do I fix my credit? And, while credit scores do have a lot of nuances, the answer is actually pretty straightforward: pay all your bills by their due dates, keep your debt levels low, add a mix of accounts as you can afford it and voilà! — your credit…
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Asia Markets: Asian markets make strong gains, led by export-heavy stocks
Asian stock markets posted strong gains in early trading Thursday, following Wall Street higher after results of the U.S. midterm elections. Japan’s Nikkei NIK, +1.97% was the regional standout, up about 2%. With the dollar’s recovery against the yen USDJPY, +0.17% , export-heavy stocks were helping lead the way for Japanese stocks. Toyota 7203,…
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Square shares dip as earnings beat, but December forecast comes up short
High-flying payments company Square Inc. beat top- and bottom-line expectations for its third quarter on Wednesday, but shares slipped amid concerns about the company’s fourth-quarter outlook and the impact the competition may be having on growth. Square SQ, +6.96% reported $431 million in adjusted revenue, which is net of transaction-based or bitcoin-trading costs, coming in…