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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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No recession until late 2020, so keep buying stocks, Credit Suisse says

“A U.S. recession probably won’t happen for another two years, and in the meantime stocks are a good bet, according to closely-followed Credit Suisse analyst Andrew Garthwaite” writes Kate Rooney for cnbc.com. He instead favors lowly-leveraged defensive sectors like consumer staples, utilities, healthcare and telecoms.High volatility is also here to stay, meaning credit is more risky than equity, Garthwaite said. Source: cnbc.com Share This:

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Tesla is near the top of list of stocks that Wall Street is most confused about

“Analysts on Wall Street are really divided on the trajectory of electric carmaker Tesla and it shows in their stock price forecasts” writes Thomas Franck for cnbc.com. In fact, there appear to be only two other companies that analysts are more confused about: Dish Network and Valeant Pharmaceuticals, according to CNBC analysis.By comparing coefficients of variation — a statistical measures of the dispersion of targets around an average — the stocks Wall Street is most uncertain about become more obvious. CNBC compared targets on more than 800 U.S. stocks for…

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Cramer: Foot Locker’s stellar earnings show the ‘mall is still not dead’ yet

“CNBC’s Jim Cramer said Foot Locker’s stellar quarterly earnings report on Friday shows there’s still some life left for brick-and-mortar retailers” writes Berkeley Lovelace Jr for cnbc.com. Cramer, host of “Mad Money,” has previously made the case for investors to stay in retail, particularly in apparel retail.Foot Locker and other similar stocks have been under pressure as investors have been concerned that Amazon could expand its dominance into apparel.Shares of Foot Locker, now with a market value of about $6.3 billion, soared about15 percent early Friday after the company reported…

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U.K. stocks rebound from 2-day losing run as Brexit jitters drive pound lower

“U.K. stocks advanced on Friday, set to break a two-day losing streak, as the pound selloff resumed on signs Brexit discussions between Brussels and London are close to a painful breakdown” writes Markets Reporter for marketwatch.com. Traders reacted little to data confirming the U.K. economy expanded at its slowest pace in five years in the first quarter.At the time, it sent the pound sharply lower, as it was seen as completely ruling out a BOE rate hike in May.The pound GBPUSD, -0.1943%  fell to $1.3355, from $1.3379 late Thursday in…

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European stocks rebound after North Korea’s response to canceled summit

“European stocks rebounded after two straight sessions of losses on Friday after measured comments from North Korea calmed nerves about a geopolitical crisis” writes Markets Reporter for marketwatch.com. After weeks and months of disappointing data, not only from Germany but the entire eurozone, an unchanged Ifo index is already good news. Source: marketwatch.com Share This:

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Stocks Daily Review May 25, 2018

Stocks Daily Review for May 25, 2018 17 stocks about to rocket higher because of catalysts most investors are ignoring, according to UBS BI PRIME: UBS equity analysts curated the best stocks that some material event could drive higher over the next six months. The analysts picked stocks they believed they viewed differently from the consensus.   Sportsman’s Warehouse shares jump 3% after moves to lower debt service costs Sportsman’s Warehouse Holdings Inc. shares SPWH, +4.44% jumped 3% in premarket trade Thursday, after the company said it is amending a…

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U.S. stocks close lower, energy the day’s biggest decliner

“U.S. stocks closed modestly lower on Thursday, with energy stocks leading the decline as crude-oil prices fell” writes Markets Reporter for marketwatch.com. By far, the weakest sector of the day was energy, which fell 1.7% alongside a 1.6% drop in the price of crude oil.Sentiment weakened after President Donald Trump canceled a planned meeting with North Korea, adding a new element of geopolitical uncertainty into the market.Both stocks are Dow components. Source: marketwatch.com Share This:

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Top 5 Indian ADR Stocks By Market Cap

“The revenue for the bank steadily increased over the years; $8.25 billion (FY 2014), $9.28 billion (FY 2015), $10.91 billion (FY 2016) to $12.87 bullion (FY 2017)” writes Prableen Bajpai for nasdaq.com. Wipro reported a gross revenue of $8.4 billion during FY 2018 and a net income of $1.2 billion.HDFC Bank Limited came into being in 1994 as a result of the liberalization of the banking industry by the Reserve Bank of India.ICICI Bank Limited was promoted by ICICI Limited, an Indian financial institution in 1994 soon after the policy…

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JP Morgan: Charts show new market highs are coming soon, led by bank stocks

“J.P. Morgan’s chart expert is telling clients to ignore recent market worries, predicting the S&P 500 will rise to new highs” writes unknown author for cnbc.com. The S&P 500 is up 2.2 percent this year through Wednesday, while the Financial Select Sector SPDR Fund, a widely-followed bank stock ETF, is up 0.9 percent.The strategist also believes bank stocks will be a key driver for the market’s coming rally. Source: cnbc.com Share This:

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