Now that earnings season is here, are third-quarter revenue estimates too high? » Read More
Banks have had a notable runup in the second half of the year as interest rates — both on the long and short end — have moved up:
Earnings season is upon us — but some are concerned estimates may be too high. The stakes this quarter are unusually high. The earnings recession is supposed to end this quarter, reversing five straight quarters of earnings decline.
Improvements in top-line growth, revenues, are supposed to bring that boost. Revenues are expected to increase 2.5 percent, according to Thomson Reuters. That would be the first increase in revenues in the last six quarters.
Has the IPO market gone from dead to frothy in two weeks? Coupa Software, up almost 100 percent in its IPO debut Thursday, joins the growing list of recent IPO moonshots, which includes Nutanix and Twilio.
But the IPO market has suddenly gone frothy. Forget tech. On Thursday, a garbage collection company (Advanced Disposal Services) rose more than 10 percent on its IPO and a water desalination company (AquaVenture Holdings) climbed almost 25 percent in its debut. And Friday traders say Camping World Holdings, a service company for RV enthusiasts run by Marcus Lemonis of CNBC's "The Profit," is over-subscribed and will likely open higher.
Next week, an oil and gas company, Extraction Oil & Gas, is set to go public in a $550 million offer, the first notable oil and gas company IPO in two years.
What's going on? The gates are finally opening. The market is building off its own success, and when you see stocks like Nutanix and Coupa Software up almost 100 percent on their first day of trading, it attracts attention.
What else will be coming through,and how long will it last?
New leadership for stocks: in with tech, energy, and banks, out with interest rate sensitive.
The market is rotating into new leadership as the facts on the ground have been changing. These trends have become especially notable in the past couple weeks:
Put it together, and we have new market leaders.
Investing in low-cost ETFs is getting cheaper — and retail investors are the winners.
BlackRock is reducing the expense ratios on it suite of 15 Core ETF products. It's a shot across the bow to its competitors, but it's also an attempt by BlackRock to get out ahead of new fiduciary rules that will likely benefit ETFs and other forms of passive investments.
It's a battle of the titans — BlackRock is the biggest provider of ETFs in the world through its ownership of the iShares franchise. They are caught in a battle for control over billions of dollars in investor money pouring into ETFs.
The winner is U.S. investors — who are going to be saving even more money by investing in low-cost ETFs that are tied to major indexes.
The "earnings recession" may be about to end. Here's why.
On the surface, the news continues to be gloomy. The "earnings recession" continues — for the moment. Third-quarter earnings for the S&P 500 are set to decline 0.5 percent compared to the same period a year ago.
If that stands, it will be the fifth consecutive quarter of earnings decline for the S&P 500, its worst showing since 2007-2009, when there were nine consecutive quarters of negative earnings growth, according to Thomson Reuters. Energy will lead the decline again, with a decline of 66 percent from the same period a year ago.
But there's a good chance that will all change.
Known as the "fiduciary rule," the regulation fundamentally alters the role of financial advisors.
Hillary Clinton held her lead over Donald Trump in the final presidential debate ahead of the election, analysts said.
The European Central Bank, corporate earnings and fallout from the final presidential debate could sway markets Thursday.