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Ben Carlson: A Eulogy for the 60/40 Portfolio

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“The 60/40 portfolio passed away on October 16, 2019, from complications of low interest rates and a bad case of Fed manipulation” writes Ben Carlson for awealthofcommonsense.com. Investors will now have to grapple with the fact that with the passing of the 60/40 portfolio, diversification is also dead.I’ve shared many a conversation with 60/40 over beers about how complex so many professional investors try to make their portfolio. 60/40 would often shake its head and laugh when thinking about it.Many were envious of the performance of the 60/40 portfolio because…

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News Stocks 

Dow breaks slightly lower at Friday’s open as J&J’s stock weighs on blue chips

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“The S&P 500 index SPX, +0.00% was off less than 0.1% at 2,997, while the Nasdaq Composite Index COMP, -0.08% was down 0.1% at 8,151” writes Mark Decambre for marketwatch.com. US stocks on Friday headed slightly lower but benchmarks were set to post a second straight week of gains on quarterly corporate results that have thus far come in better than expected.Meanwhile, other Dow components Coca-Cola shares climbed after the beverage and snacks company matched expectations and sales rise slightly more than anticipated and American Express Co.’s AXP, -0.38% shares…

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Markets News Stocks 

Legendary investor Peter Borish describes how effective investing is like being a successful baseball manager — and shares his top trade for an economy wracked with record debt

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“It’s Borish’s contrarian way of thinking and foresight that leads him to believe an “interesting” trade is primed to deliver” writes Christopher Competiello for businessinsider.com. He’s probably most famous for co-founding Tudor Investment Corporation with legendary investor Paul Tudor Jones in the 1980s.Peter Borish, chief strategist at Quad Group, is an investor that generally flies under-the-radar. Source: businessinsider.com

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News Stocks 

American Express stock surges after earnings rise above forecasts, amid higher card member spending

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“Within the company’s business segments, consumer services revenue rose 11% to $5.4 billion, commercial services grew 7% to $3.4 billion and merchant and network services revenue increased 5% to $1.7 billion” writes Reporter Editor for marketwatch.com. Excluding non-recurring items, adjusted earnings per share of $2.08 topped the FactSet consensus of $2.03.AXP, +1.44% surged 2.1% premarket after the credit card and travel services company reported a third-quarter profit and revenue that rose above expectations, citing higher card member spending, net interest income and card fees. Source: marketwatch.com

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News Stocks 

ManpowerGroup stock falls after revenue miss, downbeat profit outlook

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“Revenue fell 3.1% to $5.25 billion, below the FactSet consensus of $5.33 billion, as Americas revenue rose 2.0%, Southern Europe revenue fell 5.4% and Northern Europe revenue dropped 10.1%” writes Reporter Editor for marketwatch.com. Shares of ManpowerGroup MAN, +2.13% shed 2.1% in premarket trading Friday, after the provider of workforce services reported third-quarter revenue that missed expectations, and provided a fourth-quarter profit outlook that was below forecasts. Source: marketwatch.com

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News Reviews Stocks 

Stocks Daily Review October 18, 2019

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Stocks Daily Review for October 18, 2019 The WeWork Circus And REIT Stocks The stock was touted in some circles as a potential savior for the office REIT market.   Stocks end higher after upbeat earnings, tentative Brexit deal U.S. stocks ended modestly higher Thursday, boosted after a round of generally upbeat corporate earnings and a tentative agreement by U.K. and European Union…   Stocks open slightly higher after tentative Brexit deal, economic data U.S. stocks opened with modest gains Thursday after U.K. and European Union leaders announced a draft…

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GBP News Stocks 

Asian stocks track Brexit deal cheer but China caution prevails

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“Oil was mixed ahead of the China data, with U.S. crude up 0.1% to $53.99 a barrel, but Brent crude Spot gold was flat, trading at $1,491.73 per ounce. [GOL/]” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 0.1% in early trade, echoing Wall Street’s small gains. Source: 95kqds.com

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News Stocks 

Netflix’s stock jumps — but not all analysts are subscribing to the hype

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“Of the 20 analysts surveyed by FactSet who revised their stock price targets, 17 cut them, and one even cut his rating” writes Reporter Editor for marketwatch.com. The average analyst rating remained at overweight, but the average price target fell to $372.20 from $393.26 as of Sept. 30.He also slashed his price target by 13% to $325 from $375.Netflix’s stock has tumbled 18% over the past three months, while shares of Walt Disney Co. Source: marketwatch.com

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Gildan cuts guidance on weaker demand, stock falls 12%

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“Gildan said it experienced “significantly weaker-than-expected demand for imprintables in North America and ongoing softness in international imprintable markets.”” writes Claudia Assis for marketwatch.com. A previous guidance on Aug. 1. called for adjusted EPS growth to be flat in the third quarter on a projected sales growth.GIL, +0.28% tanked 12% in the extended session Thursday after the apparel maker cut guidance for the year and called for a 7% drop in quarterly profit. Source: marketwatch.com

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