Beware! Robert F. Bukaty/Associated Press The danger of investing in stocks with compelling valuations is that they’re often cheap for a reason. So-called value traps lie everywhere, and in a note to clients on Tuesday, Bank of America strategists led by Savita Subramanian sought to identify them, at least those …
Read More »: Invest in tech indexes, but hedge your bets with fine wine and stamps, says this strategist
“Fine wine and stamps as well as art and other collectibles as investments tend to be uncorrelated to tech company equities and other asset classes and as such can serve as an effective hedge,” said Paul Cuatrecasas, chief executive of Aquaa Partners. REUTERS/Regis Duvignau/File Photo regis duvignau/Reuters Value investing is …
Read More »Capitol Report: Trump says his executive actions led to stock market’s gain, as briefing gets interrupted by shooting
President Donald Trump on Monday tied the latest gains in the stock market to his coronavirus-aid moves on Saturday, as he spoke at a news conference that was interrupted by a shooting outside the White House. “So we issue those executive orders, and the stock market went up 358 points …
Read More »The Moneyist: My fiancée’s divorce decree says she’s not liable for her former husband’s $100K tax bill. That should protect her, right?
Dear Moneyist, I went through a divorce about five years ago and my youngest child will graduate college this spring. I have just gotten my finances stable again and I am back saving money. I have about eight to 10 years left to work, and should have enough saved for …
Read More »Key Words: Gold has ‘no role’ in portfolio of wealthy clients, says Goldman manager
Don’t believe the hype. That’s the message from Sharmin Mossavar-Rahmani, chief investment officer of private wealth management at Goldman Sachs, who thinks that gold is overpriced and has no clear role in the portfolios of her private clients. Our view is that gold is only appropriate if you have a …
Read More »The Tell: Stock-market timing guru Tom Demark says S&P 500 will see 3,500 before peaking
Tom DeMark says that the S&P 500 index has more room to run up, according to a report from Bloomberg News on Tuesday. The technical analyst and market timer says that the broad-market stock index is likely to touch 3,500 as the overall stock market attempts to play catch up …
Read More »: Deodorant sales fall due to social distancing but locked down consumers send ice-cream sales soaring, says Unilever
People socializing less and working from home caused a slump in demand for personal care items like deodorant and makeup, consumer goods giant Unilever ULVR, +0.15% said on Thursday. The firm, which owns Dove soap and Axe deodorant, as well as hundreds of other brands, said lockdowns led to a …
Read More »Key Words: New York Gov. Cuomo says President Trump has put politics above public health throughout pandemic
New York Gov. Andrew Cuomo issued a scathing critique of President Donald Trump’s handling of the coronavirus pandemic on Monday, saying he has denied the reality of the situation from Day 1: “ ‘He said it doesn’t exist, it’s going to go away, by Easter we’ll be reopened, it’s going …
Read More »Philip Morris says cigarette sales in many places could end in a decade and they’ve got a ‘safer’ product to replace them
Philip Morris International Inc. thinks the sale of cigarettes could come to an end in countries around the world in the coming years, but have no fear, because they’ve got another product ready to sell that offers a “safer” nicotine fix. Philip Morris PM, +4.02% and the Food and Drug …
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