The Closing Bell: Stocks Climb Led By Russell 2000 Up 1.7% , as U.S.-China Trade Talks Begin: FYI: U.S. stocks jumped Monday, boosted by rallying technology shares, as officials from Washington and Beijing kicked off their latest round of negotiations over trade policy.
The Dow Jones Industrial Average rose 98 points, or 0.42%, to 23,
531, wiping out early declines. The S&P
500 jumped .70% and the Nasdaq Composite gained 1.2%.
Investors are beginning the week with their focus on the U.S. and China’s negotiations, something many hope will help bring the two countries closer to a resolution in their trade fight.
Investors are beginning the week with their focus on the U.S. and China’s negotiations, something many hope will help bring the two countries closer to a resolution in their trade fight.
The fact that policy makers in the U.S. and China have agreed to meet is a positive sign, said Felix Lam, a portfolio manager at BNP Paribas Asset Management. Still, the key question is whether the two countries will reach a trade deal, Mr. Lam said.
“Any positive outcome from the trade talks would have a more long-lasting impact on the earnings trajectory of corporations in Asia,” he said, adding that delays, on the other hand, could hit corporate profits.
A broad rally in shares of rapidly growing technology companies pushed major indexes higher Monday.
Amazon.com , Netflix and Advanced Micro Devices jumped more than 3%, with Amazon’s gains putting it on course to end the day as the largest publicly traded U.S. company.
Those advances helped offset the latest slide in Apple , which retreated further for the year Monday. Worries about slowing iPhone sales and a dimmer revenue forecast sent the company’s shares sharply lower last week.
Nine of the eleven S&P
500 Sectors, led by Consumer Discretionary, finished in positive territory, only Utilities and Consumer Staples ended lower.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/u-s-stock-rally-buoys-markets-in-asia-11546838162Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-01-07/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2019-01-06/stocks-in-asia-to-rise-on-fed-china-policy-lift-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/stock-market-netflix-fuels-nasdaq/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-higher-as-u-s-china-trade-talks-begin-idUSKCN1P115JCNBC:
https://www.cnbc.com/2019/01/07/stock-markets-dow-futures-move-higher-as-us-china-trade-talks-resume.htmlU.K.:
https://www.marketwatch.com/story/london-markets-drop-as-brexit-fears-return-2019-01-07/printEurope:
https://www.reuters.com/article/us-europe-stocks/european-shares-fall-as-economic-growth-concerns-derail-rally-idUSKCN1P10N2Asia:
https://www.marketwatch.com/story/nikkei-leaps-amid-broad-gains-for-asian-markets-2019-01-06/printBonds:
https://www.cnbc.com/2019/01/07/us-bonds-treasury-yields-move-lower-as-trade-war-talks-continue.htmlCurrencies:
https://www.cnbc.com/2019/01/07/forex-markets-the-fed-sino-us-trade-china-monetary-policy-in-focus.htmlOil:
https://www.cnbc.com/2019/01/07/oil-markets-us-china-trade-crude-supply-in-focus.htmlGold
https://www.cnbc.com/2019/01/07/gold-markets-the-fed-stock-markets-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
Wells Fargo Should Be More Generous With Federal Workers. WF acquired the funds in 200
5 and kept the no load shares as "Investor Shares" until 201
5. In 201
5 the Investor class shares were merged into the A class shares. So a search by (old) ticker comes up empty. Looking at the A share inception dates, WF started adding share classes in 2000.
Here's WF's announcement showing all the investor class shares (with tickers) and what they merged into.
https://www.wellsfargofunds.com/assets/edocs/communications/20151016-productalert.pdfI recognize several of these Strong funds, including Muni Advantage (later named Strong Ultra Short Term Muni) (SMUAX), Advantage (later named Strong Ultra Short Term Income) (STADX), Asia Pacific (SASPX), Common Stock (STCSX), Enterprise (SENTX), Opportunity (SOPFX). See which ones you spot.
All the funds named above still exist in A class form.
Virtually all funds that are sold NTF pay fees around 0.3
5%-0.40%. These fees come out of fund assets. Whether they're broken out into a separate 12b-1 line item, or paid for by the manager out of inflated management fees, it's still the investor ultimately paying these fees.
The line item may be antiquated, but the underlying fee you're paying is definitely not. Which is why I seek out institutional class shares, or single share-class funds that don't participate in NTF programs.
Double Whammy: High-Fee Mutual Funds Do Worse
Wells Fargo Should Be More Generous With Federal Workers.
Bonds: 2019 Outlook In Investing
Barron's Cover Story: Best Income Investments For 2019 Playing the Yield. Thx.. Most listed here
Could not copy tips and att ades to list
Here are picks in 11 income investment categories, ranked by their relative attractiveness.
Income Investment / Ticker Price 1/2/2019 2018 Total Return Yield Discount to NAV
Master Limited Partnerships
Alerian MLP / AMLP $8.89 -12.6% 8.6% N/A
Salient Midstream & MLP / SMM 7.58 -27.7 8.9 15.3%
Kayne Anderson MLP / Midstream Inv. Co. / KYN 14.11 -19.4 10.2 3.0
Enterprise Products Partners / EPD 24.99 -1.3 6.9 N/A
Junk Bonds and Funds
iShares iBoxx High Yield Corporate / HYG $80.99 -2.0% 5.6% N/A
MainStay MacKay High Yield Corporate / MKHCX 5.31 -2.6 5.1 N/A
BlackRock Corporate High Yield / HYT 9.39 -7.8 9.1 12.2%
Nuveen Credit Strategies Income /JQC 7.41 -4.3 6.5 12.2
European Dividend Stocks and Funds
First Trust Stoxx European Select Dividend/FDD $11.89 -8.9% 5.1% N/A
Vanguard FTSE Europe / VGK 48.35 -14.9 4.0 N/A
BP / BP 38.59 -4.5 6.4 N/A
U.S. Dividend Stocks and Funds
Tri-Continental / TY $23.60 -5.9% 4.3% 11.4%
Vanguard High Dividend Yield / VYM 78.12 -5.9 3.4 N/A
iShares Select Dividend / DVY 89.01 -6.3 3.6 N/A
JPMorgan Chase / JPM 99.31 -6.6 3.2 N/A
Preferred Stock
iShares U.S. Preferred Stock / PFF $34.55 -4.6% 6.3% N/A
Nuveen Preferred & Income Securities / JPS 8.35 -12.3 8.1 6.1%
Carlyle Group 5.875% / TCGP 20.64 -13.9 7.2 N/A
Real Estate Investment Trusts and Funds
Vanguard Real Estate / VNQ $72.95 -6.0% 4.8% N/A
Cohen & Steers Quality Income Realty / RQI 10.26 -11.1 9.4 10.0%
Nuveen Real Estate Income / JRS 8.34 -18.1 10.1 9.8
Boston Properties / BXP 109.15 -10.9 3.5 N/A
Telecom
AT&T / T $29.54 -22.2% 6.9% N/A
Verizon Communications / VZ 56.02 11.3 4.3 N/A
Vodafone / VOD 19.72 -34.9 8.6 N/A
Municipal Bonds
Vanguard Intermediate-Term Tax-Exempt / VWITX $13.92 1.3% 2.8% N/A
Nuveen AMT-Free Quality Municipal Income / NEA 12.50 -5.7 5.1 13.7
MainStay MacKay High-Yield Municipal / MMHDX 12.36 3.0 3.1 N/A
BlackRock Municipal 2030 Target Term Trust / BTT 20.80 -4.6 3.6 12.4
Electric Utilities
Utilities Select Sector SPDR / XLU $52.01 3.9% 3.4% N/A
Reaves Utility Income / UTG 29.35 1.8 6.9 0
Edison International / EIX 56.75 -6.7 4.3 N/A
Investment-Grade Bonds
iShares iBoxx $ Investment Grade Corporate / LQD $113.17 -3.8% 3.7%
Vanguard Equity Income To The Shadow et al- My financial intention with VEIPX are hold it in a Roth for 10 years/ Ill have contributed 13500 by the end of this year.
Barron's Cover Story: Best Income Investments For 2019 FYI: After a tumultuous few weeks in the markets, the steady income offered by yield-focused investments looks very attractive.
And the recent selloff has created a bounty of opportunities in both stocks and bonds that are among the most promising in years.
Income plays that now look particularly appealing include high-dividend stocks in the U.S. and overseas markets, master limited partnerships, junk bonds, and preferred stock. In these sectors, investors can get yields from 3% to 10% through individual securities, mutual funds, exchange-traded funds, and a hard-hit group of closed-end funds.
Regards,
Ted
https://www.barrons.com/articles/the-best-income-ideas-for-2019-51546632171?mod=djem_b_Weekly barrons_daily_newsletter
