Month: November 2020

Analysts say bet on stocks like Anaplan and Repay

Frank Calderoni, CEO of Anaplan.

Adam Jeffery | CNBC

In the final leg of 2020, stocks have delivered a record-breaking rally. The Dow Jones Industrial Average recently closed above 30,000 for the first time, with the other major U.S. stock indexes hovering close to record highs.

Encouraging updates on the advancement of a coronavirus vaccine prompted an investor rotation into cyclical stocks, which tend to outperform during periods of economic recovery.

“Although 30,000 isn’t much different than 29,999, there is something special about those big milestone numbers… This is yet another reminder of how far stocks and the economy have come since the depths of March,” chief market strategist for LPL Financial, Ryan Detrick, commented.

However, the near-term is riddled with uncertainty as the distribution of a vaccine presents a significant challenge, one that will require global coordination. At the same time, coronavirus cases are surging in the U.S., with it reporting the highest single-day death toll since early May this week.

Against this backdrop, one way to find compelling plays is to follow the activity of the analysts with proven stock picking abilities. TipRanks analyst forecasting service attempts to pinpoint the best-performing analysts on Wall Street. This is determined by success rate and average return per rating, factoring in the number of ratings made by each analyst.

Here are

Read More

Holiday Spending Statistics for 2020

Rather than shopping in department stores and visiting Santa at the mall, this year’s holiday season is going to look a little different. You’ll likely be spending more time with your closest loved ones and exchanging gifts you ordered online. With the events of 2020, many have experienced unexpected changes in employment, income, and even health so the holiday budget is top of mind. To figure out what gifting budgets may look like this year, we ran our own holiday survey and collected 26 holiday spending statistics.

In 2019, roughly 729 billion dollars was spent during the holidays. This topped the charts, making it the biggest holiday season. This number may come as no surprise when you account for everyone on your shopping list. From your coworkers to family, holiday budgets can stretch thin to accommodate for everyone.

Wondering what others are spending on holiday gifts? Keep reading for our holiday spending statistics roundup, or jump to our infographic for our budget-friendly gifting etiquette for the workplace.

Average Christmas Spending

  • The average American planned to spend $942 on holiday gifts in 2019. (Gallup)
  • Last year, Americans spent $227.26 on non-holiday gift purchases such as decorations. (Alliant Credit Union)
  • Americans decide their holiday gift spending based on how close they are to the gift recipient (58 percent)
Read More

Moderna, IHS Markit, Slack & more

Stocks making the biggest moves premarket: Moderna, IHS Markit, Slack & more

Source link Read More

13 Leadership Lessons with Wondery Founder and CEO Hernan Lopez

9 min read

Opinions expressed by Entrepreneur contributors are their own.

My ongoing series in partnership with Entrepreneur, If I Knew Then: , gives me the unique opportunity to host virtual fireside chats with high-profile CEOs of major brands, from Indeed and Blue Apron to Nextdoor and Warby Parker. During these information-packed sessions, I ask prodigious leaders to share relatable and practical advice. These insights from major movers and shakers in the world are accessible as a resource for current and future entrepreneurs and are not to be missed. 

For the latest episode, I had the privilege of sitting down with  founder and CEO Hernan Lopez, who grew his company to be the most extensive and far-reaching independent podcast publisher in play. Launched in 2016, Wondery became the fastest network to join the Top 10 ranker by Podtrac. Its secret sauce is the ability to produce shows that captivate audiences with emotional, immersive Hollywood-style storytelling, from shows like Dr. Death, Business Wars, American History Storytellers and the highly successful Dirty John. Since its release in 2017, the six-part series about a con man named John Meehan has been downloaded more than 26 million times. All 30 of Wondery’s shows have reached No. 1 on Apple Podcasts,

Read More

Huge November gains may make the usual year-end ‘Santa Claus rally’ less likely

Santa Claus pays a visit on the floor at the New York Stock Exchange.

Brendan Mcdermid | Reuters

A big year-end rally? Don’t get too excited yet.

December is traditionally an up month: Since 1945, the S&P 500 rose nearly 1.5% in all Decembers and advanced in price 73% of the time, according to Sam Stovall at CFRA Research.

But hopes for the usual “Santa Claus rally” may have to be tempered a bit this year.

For one, there is the powerful November rally.

The S&P 500 in November is closing up 11.2%, the fourth biggest gain of all time but only the second biggest gain this year, after April, with a gain of 12.7%.

However, a powerful November rally like the one we have just had often causes problems with the usual year-end “Santa Claus rally,” according to Stovall.

History “suggests that this November’s surge may end up ‘stealing from Santa,'” he wrote in a recent note to clients. Whenever the S&P 500 was up by 5%+ in November, the market posted a sub-par average rise and frequency of gain in December.”

Huge November gains

November catalyzed a move into cyclical/value stocks that was much more powerful and sustained than previous value rallies, with significant gains in traditional value sectors like energy and banks, as well gains in broader

Read More

Can We Afford to Retire on Just $65K a Year?

Dear Penny,

I am disabled and my husband is our wage earner. We are both near age 70. We receive Social Security and some monthly pension payments that aren’t terribly large. 

With his current income, we bring in about $99,000 before taxes. Without his income, we would bring in about $65,000 a year. We have a mortgage of $1,310 per month, plus a lease car payment and one credit card we are working to pay off. We need to account for monthly living expenses as well. 

We do have some retirement funds we will need to start taking in the next few years, but we are trying to hold off on that if possible. Those funds are not substantial — maybe around $160,000. We are not in a position to move, and I just don’t see a way for us to have my husband retire. 

I am so anxious about this and need some guidance. Can you help?


Dear P.,

I get that it’s scary when you think about your income falling by a third. But with retirement, there’s only so much control you have. Sure, you can plan to work forever, but few of us will actually be able to do so.

You need to accept that your husband’s retirement is inevitable, though hopefully you’ll have some flexibility

Read More