Market Updates

Massive U.S. Debt ($57k+ a Person) Will Force Interest Rates Higher

Market Updates This week, the “official” U.S. national debt hit $18.12 trillion. That’s a debt of about $57,000 for each American citizen, regardless if you are a child, adult, or senior! And factors like defaulting student debt and higher interest payments will only push our debt much higher. Consider this: at the turn of the century (in 2000), the U.S. national debt stood at $5.7 trillion. (Source: Treasury Direct, lastThe post Massive U.S.


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Fixed Income

DVHI: New ETRACS Diversified High Income ETN an

High-Yield & Dividend 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.

Investing

Alphastox’s Moshevich Defines the One Thing Strong Energy

Energy The Energy Report: Are low prices for fossil fuels winnowing out the weaker juniors and enhancing the potential of stronger firms positioned to survive the downturn? Etienne Moshevich: Yes, they most definitely are. When times were good, too many companies borrowed money against future cash flows, and now have no chance of paying the money back because of the downturn in the price of oil.

Stock News

Market Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed, Sikorsky venture awarded $2.0 billion helicopter support deal

Industrial Goods [Reuters] - The U.S. Navy has awarded a joint venture of Lockheed Martin Corp and Sikorsky Helicopter a contract worth $2 billion to service the Navy's H-60 helicopters through Jan. 31, 2020, the Pentagon announced ... Read more on this. Lockheed Martin Corporation (LMT), with a current market cap of $62.82B, opened this morning at $201.00.   Today’s price range has been between $200.00 and $201.94 per share with a one year range of $153.54 to $207.06.   LMT shares are currently priced at 18.04x this year's forecasted earnings, which makes them relatively expensive compared to the industry's -13.26x forward p/e ratio.   And for dividend hunters, the company pays shareholders $6.00 per share annually in dividends, yielding 2.90%.   Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.50 per share, which would be $0.


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Fund & ETF

MLP ETF Expenses Hit The Fan

ETFs 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.

Personal Finance

This Is the Way Out of Today’s Mad

Personal Finance 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.