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Monthly Archives: September 2019

Investors rotated into these top sectors in September

Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters Investors rotated into the cyclical financial, energy, materials and industrial sectors in September, but they also added to holdings in utilities after interest rates dipped over the summer. Investors bought financial stocks in September, as …

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What to watch for in the market tomorrow: Manufacturing data

A worker prepares material while making leather boots at the Dehner Co. factory in Omaha, Nebraska. Luke Sharrett | Bloomberg | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Let October begin Tuesday marks the first trading day of the …

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Chris Collins sends resignation ahead of plea change in insider trading case

Rep. Chris Collins, R-N.Y., leaves the House Republican Conference meeting in the Capitol on Wednesday, June 20, 2018. Bill Clark | CQ-Roll Call Group | Getty Images Rep. Chris Collins, R-N.Y., submitted his resignation from Congress on the eve of his scheduled change-of-plea hearing in an ongoing federal insider trading …

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Don’t expect calm markets in October, usually a month for wild swings

Chinese President Xi Jinping chats with President Donald Trump during a welcome ceremony in Beijing on Nov. 9, 2017. AP Photo | Andy Wong The stock market got caught in the perfect storm of escalated trade tensions and impeachment fears in September, but it came out just fine with the …

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Wall Street is not buying into a resurgence for value stocks just yet

Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Investors are not ready to call this month’s surge in value stocks a turning point for the depressed area of the market. Value stocks — which generally have stable fundamentals and low …

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Amazon could rally another 40% before it gets overvalued, trader says

One of the FANG stocks is not like the others this month. While Facebook, Amazon and Netflix have slumped, Google parent Alphabet has soared. The tech giant is also the only FANG stock that’s positive this quarter. Despite Alphabet’s outperformance, Mark Tepper, president of Strategic Wealth Partners, is sticking with another FANG …

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These small business owners grabbed this new 20% tax break

PeopleImages | E+ | Getty Images A tantalizing 20% tax break for business owners went into effect in 2018 — and more than 15 million taxpayers grabbed it. The qualified business income deduction is one of the new features of the Tax Cuts and Jobs Act. This new tax break …

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New IPOs face ‘reckoning’ over lofty private valuations

Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters As 2019’s IPO class faces a reckoning on the public markets, there are now even more questions about why the private …

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Rogue fears rise in companies as hacks turn into ‘home invasions’

Employees work in an IBM X-Force Cyber Command tactical operation center inside the C-TOC Big Rig freight truck used to train corporate teams in how to respond to cybersecurity incidents. Bloomberg | Bloomberg | Getty Images When it comes to cybersecurity, corporations are in a catch-22. Most say they are …

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Consumer instant gratification can prove risky

There are many benefits to being able to access almost anything from the touch of your phone. There is also a downside. “This instant gratification in the financial world can be risky,” said Shelle Santana, a professor of business administration at Harvard Business School. The reality is that more than …

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