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When buying a car, be strategic with your money. Here’s how

“But if a stock has a built-in loss, why not sell it, realize the loss and give the kids the cash?” writes Liz Weston for latimes.com. If the child really wants that particular stock, he or she can use the cash to buy it. The children would have to be mindful of the wash-sale rules that prohibit deducting a loss if a related party buys the same stock, but waiting 31 days would be enough to avoid that. Source: latimes.com Share This:

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An FBI sting and a Picasso scam: how the collapse of Beaufort could destroy trust in UK money managers

“Dr Heikki Lanckriet was just days away from sealing the takeover of an Australian drug research company when he hit a major stumbling block” writes Ben Marlow for telegraph.co.uk. London broker Beaufort Securities, which was holding his company’s stock, had gone bust and £800m of client assets had been frozen.The deal, which he had been working on for a year now, hung in the balance. “I was going to take my stock out to complete the transaction, and this whole fiasco nearly jeopardised it,” says Lanckriet, the boss of German biotech…

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Markets News Stocks 

The stock market is poised for its best May in 9 years—but the coming week is crucial

“The chart below shows the relative year-to-date performance of the Russell (purple) and DJT (green) against those for the S&P 500 (gray) and the Dow (blue)” writes Mark Decambre for marketwatch.com. So far, the month of May is turning out to be a solid, if not turbulent, period for stock-market investors, but there’s plenty of cause for caution.Indeed, the S&P 500 index SPX, -0.24% is staged for the best May performance in nine years, boasting a month-to-date return of 2.8% thus far, while the Dow Jones Industrial DJIA, -0.24%  …

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Here’s why stock investors should hope that corporate earnings growth shrinks

“Many investors find it surprising that, in the wake of the fastest growth rate in corporate profits in many years, the U.S. stock market is struggling” writes Mark Hulbert for marketwatch.com. Secondly, faster earnings growth puts more pressure on the Federal Reserve to raise interest rates and tighten monetary policy.Such quarters were rare, however, and if we bracket them there is a perfectly inverse correlation between earnings growth rates and the S&P 500’s performance.Over the past nine decades, the stock market on average has hardly produced any gain in calendar…

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Markets News Stocks 

Active managers do better in a volatile stock market, but investors still prefer passive

“Investors have flocked to passive funds over the past several years, gravitating toward their low fees and typically stronger performance” writes Markets Reporter for marketwatch.com. According to data from Morningstar Direct, passive U.S. stock funds have seen inflows of $61.5 billion over the past 12 months.Active funds are seen as having a harder time beating a market that is already performing well. Active funds have seen outflows of $202.6 billion over the same period.Despite the improved performance statistics, investors continue to favor passive funds. Source: marketwatch.com Share This:

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Traders bet GE could be gearing up for a massive rally

“And options traders are betting the stock could be gearing up for a bigger rally” writes unknown author for cnbc.com. General Electric shares have been in free fall, but options traders are betting on a resurgence ahead.This trade implies a more than 30 percent rally for shares of GE from their current levels.FactSet analysts currently have General Electric at a hold rating with an average price target of $16.42.On Thursday, shares of General Electric jumped nearly 3 percent setting off a surge in bullish trading activity, with call options doubling…

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Roku shares jump after short-seller reverses call, says he doesn’t want to bet against cord-cutting

“Roku shares briefly climbed more than 4.5 percent before paring gains to trade around $37 a share” writes Brendan Mcdermid for cnbc.com. After the company went public in late November, the stock soared above $50 and Citron said it tweeted the stock would fall back to $28.The stock is down 28 percent for the year so far. Source: cnbc.com Share This:

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A specialty retailer up 118% in one year could have more room to run after earnings

“Athleisure manufacturer Lululemon reports quarterly earnings next Thursday, and the options market is implying a relatively tame move on earnings after a mammoth run in recent months” writes Hannelore Foerster for cnbc.com. Bottom line: Shares of Lululemon are expected to see a move of around 8 percent following its earnings report next week, according to Gilbert.Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” Lululemon is expecting a relatively small move on earnings this quarter. Source: cnbc.com Share This:

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Acorn International to pay special dividend of $14.97 per ADS

“ATV, -1.76% said Friday it will pay a one-time cash dividend of $14.97 per American despositary share, to holders of the marketing and branding company’s ordinary shares on June 4” writes Reporter Editor for marketwatch.com. The dividend represents 60% of Thursday’s stock closing price of $25.01.The dividend represents a payment of about $40 million.”Our shareholders have repeatedly pointed out the opportunity to unlock value on our balance sheet, create liquidity and return cash to shareholders,” said Chief Executive Jacob Fisch. The stock, which was still inactive in premarket trade, has…

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Stock market value of Netflix eclipses Disney for first time

“The most optimistic analyst price target would put Netflix’s stock market value at $182 billion” writes Midwest Communications Inc for 95kqds.com. Comcast, with a stock market value of $145 billion, confirmed on Wednesday it was preparing a rival bid for Twenty-First Century Fox’s media assets, setting up a bidding war with Disney.It owns some of the most valuable entertainment brands in the world, including Marvel, Pixar Animation and “Star Wars.”. SAN FRANCISCO (Reuters) – Netflix’s stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney…

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