RSS Feed Market Updates
This past Friday, the Bureau of Labor Statistics reported 175,000 jobs were added to the U.S. economy in the month of February. (Source: Bureau of Labor Statistics, March 7, 2014.) The way the media reported it… “Friday’s jobs market report caught the market by surprise,” was what most media outlets were telling us via their untrained reporters. The expectation was an increase of 149,000 jobs in February (after a dismal December and January jobs market report) and so the usual happened—stocks went up and gold went down on a jobs market report that was only slightly better than what was expected.
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The Energy Report: Derek, thank you for joining us. Why is the Athabasca Basin generally described as the most prolific uranium source in the world?Derek Hamill: There are a few factors that make the Athabasca Basin region of Saskatchewan and Alberta the best place to look for, and mine, uranium. Grade is the number-one factor.
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Investors have had to endure much more volatility in the past few weeks. We may know why — the Federal Reserve put an expiration date on its $3 trillion-plus bond-buying program. But some investors don’t know how to proceed. The Fed’s easy-money policy — mainly known as quantitative easing, or QE — probably will end next year.
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[AP] - Shares of some top media companies were up at the close of trading: Comcast Corp. rose $.61 or 1.1 percent, to $54.64. Walt Disney Co. rose $.11 or .1 percent, to $75.67. Gannett rose $.11 or .4 percent, ... Read more on this. The Walt Disney Company (DIS), valued at $143.62B, started the session at $82.18. Shares have traded today between $81.69 and $82.43 per share and has traded between $55.76 and $83.65 over the past year. Priced at 20.63x this year's forecasted earnings, DIS shares are relatively inexpensive compared to the industry's 42.52x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.86 per share annually in dividends, yielding 1.00%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.94 per share, which would be $0.
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Fund & ETF
Since the inception of the Investment Company Act of 1940, investors have grown to expect every mutual fund, closed-end fund (“CEF”), and exchange traded fund (“ETF”) to be treated as a “pass-through vehicle” for tax purposes. The entity itself would not pay any taxes, and all tax liabilities would be passed-through to the shareholders. That was the status quo for decades, until master limited partnership (“MLP”) funds came along.
UBS (UBS) rolled out the ETRACS Diversified High Income ETN (DVHI) on Thursday (9/19/13). The new exchange traded note (“ETN”) is targeted at investors desiring significant monthly income from a diversified multi-asset mix. It will track the new NYSE Diversified High Income Index minus the 0.84% annual tracking fee. The underlying index has a current yield of 7.7%, and the ETN will make monthly cash distributions.
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