Money Talks – July 23, 2016

This week on “Money Talks,” Bil Lako, CFP®, is back, joining Jarrett McKenzie, CFP®, CWS®, and Troy Harmon, CFA, CVA, to discuss several economic reports that were released last Friday, including the Consumer Price Index, Industrial Production and the University of Michigan Consumer Sentiment Survey. They also touch on the week’s housing news and interest rates. Bil and Jarrett delve into a case study on cost basis and how investors can best deal with highly appreciated assets. The experts also answer listeners’ questions on Papa John’s, portfolio efficiency and Barclays PLC.

Market Roundup: Positive Week on Strong Earnings

Indices kicked off the week closing at new record highs on Monday, thanks in part to strong performance in Technology and M&A action. The following day, indices closed the session with mixed moves. The Dow hit a new record level while the S&P 500 and NASDAQ shed some points. West Texas Intermediate crude oil fell 1.3 percent to settle at $44.65 a barrel. In other news, Commerce Department numbers showed housing starts ramped up in June with new construction ticking up 4.8% to an annual rate of 1.19 million units, versus expectations of 1.17 million units. The Dow closed at a record high level on Wednesday on better-than-expected quarterly figures from Technology companies. The rally ended on Thursday with the three major indices closing in the red zone. National Association of Realtors data showed existing home sales ticked up 1.1% to an annual rate of 5.57 million units in June, versus economist expectations of 5.47 million units. Results returned to green on Friday with the S&P 500 closing at a record high level, despite West Texas Intermediate crude oil shedding 3.8% to settle at $44.19 a barrel. 

Money Talks – July 16, 2016

This week on “Money Talks,” Dan DiLuzio, C.P.A., joins hosts Matt Hames, CTFA, and Troy Harmon, CFA, CVA, to discuss the week’s broad picture economics, including last week’s Employment Situation, Wholesale Trade, the Producer Price Index, and the latest app that has taken the technology world by storm—Pokémon Go. Dan shares his expertise in discussing this week’s case study about how to treat the capital gain on the sale of a home. The experts also address several listeners’ questions including questions on radio frequency technology provider Qorvo Inc., the tax treatment of active duty income for members of the U.S. Armed Forces, and questions about HP Inc., Hewlett Packard Enterprises and the merger with Computer Sciences.

Market Roundup: Week of New Record Highs as Stocks Surged for a Third Straight Week

The S&P 500 Index hit its first record high in more than a year on Monday, as stocks traded well into the green zone as a result of stronger-than-expected employment numbers for June. Earnings season kicked off after the closing bell. On Tuesday, the Dow Jones Industrial Average and S&P 500 hit new record heights, and Energy stocks gained on a jump in crude oil. West Texas Intermediate crude tacked on 4.6% to settle at $46.77 a barrel. Indices closed with mixed moves on Wednesday. The Dow and S&P 500 posted marginal gains to close at new record levels once again, while the NASDAQ shed some points. Moves were mixed amid a variety of economic news. West Texas Intermediate crude oil slipped 3.85% to settle at $45 a barrel, likely causing Energy stocks to trade lower. Details released from the Federal Reserve’s Beige Book report showed economic activity increased at a modest rate since mid-May amid slight price pressures and a small decline in consumer spending. Indices closed trading with gains on Thursday with crude oil rebounding from Wednesday’s downswing. Elsewhere, initial jobless claims held steady last week, as Labor Department data showed new claims remained at an addition of 254,000 for a second week straight. Additionally, continuing claims increased by 32,000 to 2.149 million in the week ended July 2, 2016. The markets closed with mixed moves on Friday. The Dow hit a new record while the S&P 500 and NASDAQ ended fractionally in the red for the session. West Texas Intermediate crude oil settled at $45.99 a barrel. In economic news, retail sales jumped up by an unexpected 0.6% in June. Economists had expected a lesser 0.1% gain. Advances at home-improvement and garden retailers led the ascent.

Money Talks – July 9, 2016

This week on “Money Talks,” Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, and Brian Borngesser from Henssler Norton Insurance. The hosts discuss the market’s reaction to the U.K.’s decision to leave the European Union, ISM Manufacturing and Services indices, and International Trade. Brian leads a case study on how business interruption insurance can save a business should something happen that disrupts normal business operations. The experts also address listeners’ questions on stock dilution when companies issue more shares, how couples should title their invested assets and Universal Display Corporation.