Stocks Step Up

Indices closed trading with gains on Thursday. 3M, Caterpillar, and Apple led advancers on the Dow. Stocks stepped up on a variety of economic news. Retail sales ticked up in October. Sales jumped 0.8% last month versus expectations of a 0.6%. increase. On another note, Walmart shed 2% today despite the release of stronger-than-expected third-quarter…

Red Results

Indices landed in the red zone on Wednesday. Apple and Goldman Sachs Group led decliners on the Dow. Stocks slipped on a variety of economic news. Consumer prices ticked up in October. The Consumer Price Index increased by 0.3% last month, which was in line with expectations. The core CPI rose 0.2%. Compared to a…

Stocks Slip

Indices closed in the red zone on Monday. Apple and Goldman Sachs led decliners on the Dow. Stocks dipped amid renewed trade war concerns. In M&A moves, SAP shed 6.4% today after announcing plans to acquire survey software company Qualtrics for $8 billion in cash. Looking elsewhere, crude oil took a breather. For the session,…

Money Talks – November 10, 2018

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Research Analyst Jacob Keen and Associate Peter Lynch to cover the week’s economic news, including the October employment situation, International trade, and the ISM Nonmanufacturing Index. They also discuss the Fed’s monetary policy. The experts focus on a common concern among investors regarding expected market return considering where we are in the economic cycle and the market valuations. The hosts round out the show with listeners’ questions on biopharmaceutical company Amarin Corporation, tech company IBM, and spousal Social Security benefits after divorce.