The Federal Open Market Committee will announce its next scheduled decision on interest rates on December 18. Currently an interest rate cut is viewed as slightly more likely than not by the CME’s FedWatch tool which tracks interest rate expectations. The FOMC is generally on a path to lower rates overall, but the speed of policy easing depends on economic data. FOMC projections from September 18, indicated that interest rates would end 2024 close to their current level of 4.5% to 4.75%. Holding rates steady or a further cut are roughly equally likely due to the dispersion of estimates from…

Forbes InvestorInvesting NewslettersTaesik YoonForbes StaffForbes InvestorInvesting NewsletterView Full PortfolioNov 18, 2024,12:45pm ESTUpdated Nov 18, 2024, 12:45pm ESTTABLE OF CONTENTSPORTFOLIO CHANGESSECTOR PERFORMANCEBIGGEST MOVERSUPDATESShare to FacebookShare to TwitterShare to LinkedinFueled by Donald Trump’s decisive election victory on November 5, which was widely viewed as more favorable for the U.S. economy, the stock market began the […] Read the full article here

Here’s a stock picking tool you might not have thought about. It’s called the PEG ratio. The PEG ratio is a ratio of two ratios. The numerator, or top line, is a stock’s price/earnings ratio, expressed simply as a number. This is the stock’s price divided by per-share earnings. If Superlative Entertainment shares sell for $40 and the company’s profits are $4 a share, the price/earnings ratio is 10. The denominator (divisor, or bottom number) is the stock’s growth rate, expressed simply as a number. If Superlative Entertainment is growing its earnings at 20% a year, the denominator is 20.…

Sysco has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ”DividendRank” statistics including a strong 2.7% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company’s products and services, as well as the company’s efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company’s impact on society — for instance, taken into consideration…

Key News Asian equities were mixed overnight as South Korea outperformed, Hong Kong and Mainland China opened higher but faded in afternoon trading, with the latter closing down for the day. President Biden and President Xi’s meeting at the G20 Summit was a positive catalyst as the two leaders laid the groundwork for further communication in advance of President Trump’s second term. Also lifting sentiment was Friday’s release from the CSRC titled “Guidelines for Supervision of Listed Companies No. 19 – Market Value Management”. The release “promotes listed companies to enhance investment value, enhance investor returns” through dividends, stock buybacks,…

During the campaign President-Elect Trump promised to eliminate the federal income tax on Social Security retirement benefits. While doing so would benefit millions of Americans, it could leave a gaping hole in federal government revenue. Is this policy viable? First, we’ll look at a brief history of Social Security. Then we’ll examine how and when Social Security became taxable. Finally, we’ll take a brief look at the impact of making Social Security retirement benefits nontaxable. Social Security: A Brief History, Including Taxation The Social Security Act of 1935 was signed into law by FDR 89 years ago. For nearly 50…

Ethereum has broken an eight-year support trend against Bitcoin, raising questions about the second-largest cryptocurrency’s future. “Dying a slow death”—that’s how Tuur Demeester, founder of Bitcoin hedge fund Adamant Capital, described Ethereum, pointing to the broken trendline to a canary in the coal mine. Crypto analysts blame Ethereum’s setback on slow institutional adoption, where Bitcoin continues to dominate. This could have deeper implications for the token’s positioning as an asset class. Ethereum’s struggles come during a mixed week for the broader crypto market. Bitcoin’s price is flat Monday, hovering around the $90,000 mark, while Ethereum has dropped 0.3% to $3,080.…

Fifteen months ago, we contrarians started the bond bandwagon. It’s hard to believe now, but back then the financial suits hated fixed income. We faded their fears, bought bonds and benefited. Now, however, I’m cautious on bonds. The 10-year Treasury yield has been on a tear since Jay Powell first cut the Fed Funds Rate. You can’t make this stuff up. On September 18, Powell cut rates by 50 basis points. However, this was only the “short end” of the yield curve. The 10-year yield meanwhile (the “long end”) popped from 3.7% to nearly 4.5% in a matter of weeks!…

Yes, the “Trump” name remains, but DJT’s brand valuation is slipping. No longer does Donald Trump need Truth Social for communication or DJT stock for clout. So, why is that bad news? Because Trump Media’s weak fundamentals are beginning to outweigh the former Trump-brand, meme-stock popularity. This about-face valuation shift is not unusual for SPAC-merger companies. Most are now selling well below their original $10 offering prices, with many in the low single digits. Some companies even have resorted to reverse splits (for example, a 1:5 split, that exchanges 20 new shares for 100 original shares, thus increasing the share…

Immediately after President-Elect Donald Trump won his second term last week, the US dollar surged, while US Treasuries fell. Both moves are opposite sides of the same coin: Investors believe Trump’s policies will be inflationary. The theory suggests this would happen for a couple of reasons: The US government will spend more, and interest rates will rise higher than rates elsewhere in the world in response. That will attract foreign capital to America while making it less attractive for capital to leave the US. All of that extra capital in America will boost economic activity and demand for the dollar.…