The market was slightly down on Friday, but it was still a great week. Andrew Osterland Published 4:10 pm CST, Friday, January 11, 2019 Photo: Icon Sportswire | Getty Images Photo: Icon Sportswire | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Icon Sportswire | Getty Images The Stock Market Just Finished Its Best Week in Months 1 / 1 Back to Gallery The stock market failed to log a fifth straight day of gains, but finished its best week in months with a small decline. The Dow and S&P 500 indexes were down 0.02 percent and 0.01 percent respectively, while the Nasdaq Composite fell 0.21 percent. The Entrepreneur Index™ ended the day down 0.14 percent. The … [Read more...] about The Stock Market Just Finished Its Best Week in Months
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By Jason Zweig WSJ Fri., Jan. 11, 2019 On Jan. 7, Amazon.com Inc. became the world’s largest company by market capitalization. Its rise might make you think today’s biggest technology companies are turning into unstoppable juggernauts of growth, or that turnover at the top is only accelerating. First, consider the history of all the companies that have ranked No. 1 by market size. It’s full of surprises. From the beginning of 1926 through the end of last year, only 10 companies have ever ranked No. 1 among all U.S. stocks by market capitalization. Amazon has just become the 11th, succeeding Microsoft Corp., Apple Inc., Exxon Mobil Corp., General Electric Co., Walmart Inc., Altria Group Inc., International Business Machines Corp., DowDuPont Inc., General Motors Co. and AT&T Inc. Some, including AT&T and IBM, spent years at the top. Others, including Altria, DuPont and Walmart, were No. 1 for less than a month; Walmart was the biggest U.S. … [Read more...] about What Amazon’s Rise to No. 1 Says About the Stock Market
By Jon Sindreu WSJ Fri., Jan. 11, 2019 In the stock market, it looks like an ideal time to be the insured rather than the insurer. Equities have been extremely volatile since October, as investors have panicked about a potential U.S. recession, trade tensions and a slowing global economy. This has led to a jump in the Cboe Volatility Index or VIX, known as Wall Street’s “fear gauge” because it tracks the expected daily swings in the S&P 500 index over the next 30 days using options contracts. Yet the VIX still doesn’t look as elevated as it should be. After recently spiking to above 35, it’s back below 20. This may look high, but it’s significantly below where the actual volatility of the S&P 500 has been during the past 30 days. Situations like these are rare windows of opportunity, because options prices tend to overestimate future realized volatility. It’s like the insurance industry: Over time, most people who … [Read more...] about Time to Buy Stock-Market Insurance
The home-goods company had a massive day on Wall Street. Andrew Osterland Published 4:25 pm CST, Thursday, January 10, 2019 Photo: Michael Brochstein | Getty Images Photo: Michael Brochstein | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Michael Brochstein | Getty Images Bed Bath & Beyond Was a Monster in the Stock Market Today. Here's Why. 1 / 1 Back to Gallery Bed Bath & Beyond Inc. was a monster in the stock market today, rising 16.56 percent -- by far the biggest gain on the Entrepreneur Index™. The specialty retailer beat earnings estimates by only a penny, but gave a surprising outlook on 2019. The company said it expected earnings for this year … [Read more...] about Bed Bath & Beyond Was a Monster in the Stock Market Today. Here’s Why.
Fund managers running billions of pounds showed the scars of December’s stock market rout today after one of the worst quarters in recent memory. Asset managers Jupiter Fund Management and Polar Capital revealed gloomy quarterly figures with fund outflows and lower assets under management following a major sell-off of stock markets last month. Savers are increasingly wary of markets due to wild stock price swings and falling returns. Stock markets had a terrible December, with the S&P 500 down 9% — the worst month in nearly a decade — and the FTSE 100 4% lower. UBS analysts called the period “one of the worst quarters in recent years for European asset managers” as it lowered earnings per share forecast for a basket of fund stocks. Jupiter, led by chief execuitve Maarten Slendebroek, said assets under management fell by £5 billion during the period to £42.7 billion. Most of that — £3.5 billion — was … [Read more...] about Fund managers count cost of December’s stock market fall