Stock Market

In trading on Friday, shares of Industrial Alliance Insurance Financial Services Inc’s Non-Cumulative Class A Preferred Shares Series B (TSX: IAG-PRA.TO ) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.15), with shares changing hands as low as $22.91 on the day. As of last close, IAG.PRA was trading at a 7.00% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of IAG.PRA shares, versus IAG: Below is a dividend history chart for IAG.PRA, showing historical dividend payments on Industrial Alliance Insurance Financial Services Inc’s Non-Cumulative Class A Preferred Shares Series B: In Friday trading, Industrial Alliance Insurance Financial Services Inc’s Non-Cumulative Class A …

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Plains GP Holdings LP (Symbol: PAGP) entered into oversold territory, hitting an RSI reading of 29.99, after changing hands as low as $20.72 per share. By comparison, the current RSI reading of the SP 500 ETF ( SPY ) is 85.5. A bullish investor could look at PAGP’s 29.99 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy …

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Procter Gamble Co. (Symbol: PG) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $87.59 per share. By comparison, the current RSI reading of the SP 500 ETF ( SPY ) is 85.5. A bullish investor could look at PG’s 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. …

Ecommerce, i.e. the fastest-growing part of the retail industry, doesn’t operate exactly like its brick-and-mortar counterpart. While goods and services do change hands, there’s a completely different infrastructure involved, whether it’s the marketplace, or logistics, or payments system, or ancillary services. That’s because each of these things is necessarily driven by technology. The recent past has, however, seen traditional retailers like Wal-Mart investing increasing amounts in building this technological infrastructure even as Amazon takes an increasing interest in brick-and-mortar operations to drive efficiencies in its delivery system. Retail ecommerce is also unique because a single company (Amazon) accounts for most of it, is the major trend-setter and the greatest influencer on the entire industry, at least in the U.S. While new players are emerging, it won’t be easy to unseat Amazon simply because of its size, experience, prices and loyalty program. So it’s only a company like Wal-Mart, which has similar resources and huge experience …

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of EQT Midstream Partners LP (Symbol: EQM) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $71.925 per share. By comparison, the current RSI reading of the SP 500 ETF ( SPY ) is 85.5. A bullish investor could look at EQM’s 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy …

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Lexicon Pharmaceuticals, Inc. (Symbol: LXRX) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $11.12 per share. By comparison, the current RSI reading of the SP 500 ETF ( SPY ) is 85.5. A bullish investor could look at LXRX’s 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. …

Inflation may be stubbornly out-of-sight, but investors have bought more protection against the prospect of rising prices this year. Tradeweb, an electronic bond-trading platform, has seen a 24 percent pickup in trading of inflation-protection securities globally after finding little interest in the prior two years, the firm said in a post earlier this week. Investors are buying more U.S. Treasury Inflation Protected Securities (TIPS) as well as European index-linked government bonds. The amount of trading in these securities still is relatively small. TIPS represent only 6.5% of U.S. government bond trading tracked by Tradeweb, while index-linked bonds represent only 6.3% of European government bond trades. This week, the U.S. government sold $5 billion in 30-year TIPS, with strong results. The Thursday auction was less than a week after the government reported core consumer prices, excluding food and energy, rose only 0.1% in September, below expectations. The TIPS were bought to yield 0.908%, which implies a …

Stocks Correct on Weak Chinese Data The risky assets did not fare too well today as the Chinese data weighed on the markets today and kept them under pressure. The DAX corrected lower today after breaking through to new highs yesterday and this was the case with most stock market around the world which have been making highs followed by periods of correction, something that we saw today. This is likely to continue for the short and medium term as long as the tension in the Korean region does not interfere with the flow of the markets. The tension there has always been around the corner as far as the markets are concerned and this has been making it difficult to trade the stock markets with abandon. Pound Remains Under Pressure The pound and the euro continue to remain under pressure as the dollar remained steady across the board. The market is looking forward to …

December U.S. Dollar Index futures closed lower for a second day on Thursday as investors reacted to a drop in U.S. Treasury yields. Government debt yields weakened following a report that President Donald Trump was leaning toward Jerome Powell as the next chair of the Federal Reserve. Earlier in the week, yields rose as speculators bet Trump would appoint a more hawkish Fed Chair. On Thursday, Trump interviewed current Fed Chair Janet Yellen. Some say it’s her job if she wants to take it. This may be good for the economy and the markets because of the continuation factor. However, there are still some investors who believe Trump is leaning towards more hawkish candidates, Fed Governor Kevin Warsh and economist John Taylor. Despite Thursday’s price action, the overall picture this week is sideways which suggests investors haven’t bet too aggressively in one direction. Therefore, we’re probably going to have a big reaction once Trump makes …

The financial markets were mixed on Thursday with several posting volatile two-sided trades as investors reacted to economic data and outside events. In the U.S., investors had the opportunity to react to Weekly Unemployment Claims, the Philadelphia Fed Manufacturing Index and the Conference Board’s Leading Index. According to the U.S. Department of Labor, in the week-ending October 14, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 22,000 from the previous week’s revised level. This is the lowest level for initial claims since March 31, 1973 when it was 222,000. The previous week’s level was revised up by 1,000 from 243,000 to 244,000. The 4-week moving average was 248, 250, a decrease of 9,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 257, 500 to 257,750. The number was better than the 240,000 forecast. Additionally, the Department of Labor also said that claims …

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