The change becomes effective at the start of trading on Sept. 23. The Dow is made up of 30 stocks. S&P Dow Jones Indices says the change won’t disrupt the level of the industrial average. It said it made the change to diversify the sector and industry group representation of the index. Hewlett-Packard fell 20 cents, or 0.9 percent, to $22.16.
Financial stocks to lead European dividend rebound
APPLE: Set to unveil new iPhone Economic data released in China Tuesday boosted stocks in the region. The Shanghai composite index rose 1.2% to 2,238 and Hong Kong’s Hang Seng index climbed 1.0% to 22,977 after industrial production and retail sales in the nation accelerated. In Japan, the Nikkei 225 index shot 1.5% higher to 14,423. Markets in Europe saw strong gains.
Stocks rally again thanks to Syria and China
Nike ( NKE , Fortune 500 ), Goldman Sachs ( GS , Fortune 500 ) and Visa ( V , Fortune 500 ) were also in focus, as the three will be the newest members of the Dow , replacing Alcoa ( AA , Fortune 500 ), Hewlett-Packard ( HPQ , Fortune 500 ) and Bank of America ( BAC , Fortune 500 ). Alcoa and HP fell while BofA was flat. Meanwhile, shares of Urban Outfitters ( URBN ) tumbled after it warned that its third-quarter same-store sales, a key measure for retailers, would only grow at a mid-single digit pace, below analysts forecasts. Related: Investors yank $20 billion from ETFs The broader market was likely moving higher again as concerns about a U.S.-led military strike on Syria have been pushed to the back burner.
Stocks Surge Around The World, Market Eyes Apple Event
Ctrip (CTRP) has been building an upper level base with all key moving averages rising up. Its been hugging the 8-day after having a nice gap and go on August 1st. CTRP looks like it could continue higher above $48.02. THe Limited (LTD) had a nice rally from $43 to $62 within five months before having a controlled pull-back. Active traders could potentially look for some buying opportunities at $58 area as a move above this could help it break above the recently descending trend line. A stop could be placed at last weeks lows of $56.26 as this is the new support level to trade against. We went over the banks that woke up on 8/28 and are starting to get some follow-through.
Stocks rise, oil falls as Syria fears ease
“There is a developing theme of companies, be they insurers or banks … having good potential for dividend growth for the next three to five years,” said Samuel Morse, who manages 3.3 billion pounds ($5.2 billion) across two Fidelity equity funds. A 10 percent surge since July in the December 2016 dividend future contract, a bet on payouts in three years, shows investors expect the increase to last, Charles de Boissezon, head of global equity flow engineering and advisory at Societe Generale, said. “And financials are big contributors in terms of dividends for the Euro STOXX 50 index,” he added. SocGen expects financial stocks to contribute 30 percent of all Euro STOXX 50 dividends in 2015, up from 27 percent now. Buying stocks for their dividends has been an increasingly popular theme in the past year-and-a-half as investors look for bond-like investments in equities, and this trend is likely to http://www.todayhotstocks.com continue even as bond yields in some developed markets rise.
Stocks Rise on Mergers, Homebuilder Outlook
Industrial production was 10.4 percent higher in August than the year before, ahead of the consensus of analysts forecasts of a 9.9 percent increase. Activity data have surprised persistently to the upside over the last month and this should at least arrest the process of persistent forecast downgrades for a while, said Adam Cole, an analyst at RBC Capital Markets. The figures helped further buoy stock markets, particularly in Asia. Tokyos Nikkei 225, the regional heavyweight, finished 1.5 percent up to 14,423.36.
Top Stocks to Buy as Leading Market Analyst Predicts 1,750 for S&P 500 in 2013
The blue-chip index is trying for its first consecutive triple-digit gains since June. Meanwhile, Goldman Sachs , Visa and Nike will join the Dow Jones Industrial Average , replacing Alcoa , Bank of America and Hewlett-Packard . The changes will be effective with the opening of trading on Sept. 23, S&P Dow Jones Indices said in a statement. The index changes were prompted by the low stock price of the three companies slated for removal and the index committee’s desire to diversify the sector and industry group representation of the index. The S&P 500 and the Nasdaq also climbed.
Oil prices down further and stocks rally on hopes of diplomatic breakthrough over Syria crisis
Markets close in 4 hrs 52 mins Stock Watch Top Stocks to Buy as Leading Market Analyst Predicts 1,750 for S&P 500 in 2013 By Lee Jackson | 24/7 Wall St. 2 hours 38 minutes ago 69.73 +0.43 The equity strategy team and the market analysts at Deutsche Bank are starting to feel pretty comfortable that the rest of this year and beyond could really start to show some positive earnings growth for S&P 500 companies. Despite some well-known headwinds that include quantitative easing (QE) tapering, the country hitting the debt ceiling, ongoing geopolitical issues in Syria and the Middle East, the Deutsche Bank team is encouraged that 5% earnings growth is starting to return. With a sustained acceleration in capital expenditure (capex) spending, a very positive increase in U.S exports could be just around the corner. That combined with a well-managed slowdown in China and an overdue upgrade cycle in U.S. manufacturing, enterprise technology and infrastructure may turn the earnings tide. Deutsche Bank is focused on three areas: information technology (IT), financials and energy.
Stocks advance as Dow jumps 100, Nasdaq hits best level since 2000
The Dow got a shakeup on Tuesday, with its manager saying it will drop Bank of America, Hewlett-Packard, and Alcoa. They’re being replaced by Goldman Sachs, Nike, and Visa. The change becomes effective at the start of trading on Sept. 23. The Dow is made up of 30 stocks. S&P Dow Jones Indices says the change won’t disrupt the level of the industrial average.