Brands Retreat

Indices closed in the red zone on Thursday. Stocks slipped on a variety of economic news. Real GDP expanded at a 2.6% pace in the fourth quarter versus expectations of 2.2% growth. The result was down from 3.4% expansion in the third quarter. On another note, initial jobless claims increased last week. Department of Labor…

Mixed Moves

Indices closed with mixed moves on Wednesday. The Dow and S&P 500 shed some points while the Nasdaq ended fractionally in the green. Brands including Lowe’s and Best Buy posted gains in the wake of better-than-expected quarterly details. On another note, factory orders ticked up in December. Orders increased 0.1% following two consecutive monthly declines.…

Stocks Slip

Indices ended in the red zone on Tuesday. Brands including Caterpillar and Home Depot traded lower. Stocks posted a fractional downswing on a variety of economic news. Consumer confidence rose in February. Conference Board data showed a 9.7 points climb to 131.4, a three-month high. On another note, new residential construction decreased in December. Housing…

Slight Gains

Indices closed with slight gains on Monday. Brands jumped up on a variety of economic news. On another note, crude oil prices fell. West Texas Intermediate crude dipped 3.4% to settle at $55.34 a barrel, marking the first decline in nine sessions. Looking ahead, President Donald Trump and North Korea leader Kim Jong Un will…

Money Talks – February 23, 2019

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Senior Associate Jarrett McKenzie, CFP®, CWS®, and Associate Peter Lynch to discuss year-to-date sector performance, fourth-quarter earnings, and housing news. Jarrett and Peter discuss how the accounts you use to save for retirement make a difference, and that tax diversification is something to consider. The experts round out the show answering listeners’ questions on toy makers Hasbro Inc. and Activision Blizzard, how often investors should meet with their adviser, and provide opinions on bank stocks.