Global stocks slide as tensions build in Ukraine
The company trades at just 9.4 times forward earnings. Despite what seems like a constant cycle of government penalties and fines, trading blow-ups and almost every other conceivable issue, the iconic bank continues to push out tremendous earnings. With many of the problems in the rear-view mirror, the stock could be poised for years of growth. Investors are paid a 2.7% dividend. The consensus price target is $65.41.
What to Do When Stocks Are at New Highs
It should reduce domestic debt to 52 percent of assets in the next few months, the lower limit of its current policy, he said. Allocations need to be revamped to allow a more dramatic shift and GPIF should seek to mimic global peers, who have 35 percent to 40 percent of their portfolio in bonds, according to Ito. Fewer Bonds Japanese bonds accounted for 55 percent of the funds portfolio at the end of December, the smallest share since GPIF was established in its current form in April 2006. The fund held 17 percent of its assets in grestest stock right now local shares last quarter, 15 percent in foreign equities and 11 percent in overseas bonds, according to a statement on its website . Im not sure how much of a pressure Ito is on GPIF, said Naoki Fujiwara , a Tokyo-based chief fund manager at Shinkin Asset Management Co.
Best Buy stock jumps on return to profit
Even though this is true, most investors trade the opposite way… They think it’s foolish to buy at new highs. They are wrong based on history at least. Since 1950, the results aren’t as amazing… But they still show buying at all-time highs beats the market over the next 12 months.
Energy company LukOil fell $3.20, or 5.9 percent, to $51.20. The drop in stocks might also present investors with the opportunity to buy stocks at lower prices, said Terry Sandven, chief equity strategist for U.S. Bank. “Clearly geopolitical risks are elevated, but it’s too early to tell about the longer-term implications,” Sandven said.
No Time to Buy Cheap Stocks
Today, there are fewer stocks in the cheap end of the curve at least on an earnings basis. If you want a graphic reason why finding cheap stocks is harder now, this is as good as any Ive seen. It pays to wait and be patient. Regards, for The Daily Reckoning P.S.Regardless of where the market decides to go between now and 2021, there will be always be ways to safeguard and even grow your wealth in the process. To gain exposure to specific opportunities that will help you do just that, sign up for the FREEDaily Reckoning email edition, right here.
GPIF Pressure to Buy Stocks to Benefit Public, Ito Says
(Photo: Alan Diaz AP) Minneapolis-based retailer says it’s gained market share Company’s improving picture based on cost-cutting, not sales SHARE 18 CONNECT 10 TWEET 2 COMMENTEMAILMORE Best Buy must almost feel like it’s the good ol’ days. The world’s largest consumer electronics retailer saw its stock rise more than 2% in afternoon trading Thursday — to $26.26 — as it announced that it had returned to profit in the fourth quarter, topping Wall Street expectations. But the improving financials didn’t really come from sales, but from cost cutting, the company said. CEO Hubert Joly has put the company on a mission to slash $1 billion in annual costs.