Our experts discuss the options available to investors owning a concentrated position in a highly appreciated asset.
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.
Our experts address listeners’ questions on whether Papa John’s better ingredients are good for the company’s bottom line, constructing an efficient portfolio and British bank stock Barclays. They also revisit Nintendo’s success with the Pokémon Go app.
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.
Dan DiLuzio, C.P.A., shares his expertise in discussing this week’s case study about how to treat the capital gain on the sale of a home.
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.
The experts 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. The experts also discuss the Pokémon Go phenomenon.
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.
Brian Borngesser with Henssler Norton Insurance discusses business interruption coverage and how it can help prevent a devastating catastrophe from turning into a financial disaster for a business.
The markets opened the week finishing to the down side on Tuesday after the Independence Day holiday on Monday. Energy stocks sold off amid retreating crude oil prices. West Texas Intermediate crude oil shed 4.9% to settle at $46.60 a barrel. In economic news, U.S. factory orders decreased by one percent in May, versus economist expectations of a 0.8 percent drop. The markets rebounded from early low levels on Wednesday to close in the green zone. Stocks gained on the release of minutes from the last Federal Reserve meeting as well as a variety of other economic news. Services industry activity increased in June. The ISM Services Index hit 56.5, up from 52.9 in May. The results exceeded expectations of a reading of 53.3. Additionally, the trade gap ticked up in May as the U.S. trade deficit rose to $41.1 billion from $37.4 billion in April. Indices were mixed on Thursday, with the Dow Jones Industrial Average and S&P 500 indices rebounded from session lows to land slightly in the red while the NASDAQ stepped up. West Texas Intermediate crude oil shed 4.9% settling at $45.09 a barrel. Department figures showed initial jobless claims fell by 16,000 to 254,000 last week. The markets ramped up on Friday with stocks gaining on favorable employment data for June. Labor Department figures showed an addition of 287,000 jobs versus expectations of 175,000. The unemployment rate ticked up to 4.9% from 4.7% in May as a result of more people entering the work force. The markets are looking ahead to next week when earnings season kicks off on Monday.