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☆ Get tax-exempt income on the cheap as bond shake-up hits munis
▼ + stars: | 2023-10-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Tax-exempt income and relative safety are on sale for investors who are sniffing around municipal bonds. Tax-exempt income Interest income from municipal bonds is exempt from federal income tax — and can avoid state and local levies, too, if an investor and the bond issuer are in the same jurisdiction. This feature makes munis especially attractive to high-income investors in the 32% marginal federal income tax bracket and higher. Investors weighing a tax-exempt municipal bond against a corporate bond would do well to check out the tax equivalent yield. Schwab's Howard noted that the 5- to 7-year part of the municipal bond curve is favorable.

Persons: MUB, Nathan Will, Will, it's, Cooper Howard, Schwab's Howard, Shannon Saccocia Organizations: Federal Reserve, Muni Bond ETF, Vanguard, AAA, Bond, ., New York Life Investments, Schwab Center, Financial Research Locations: munis, muni

Job openings unexpectedly rose in August by 690,000 in a surprise that was led by a jump in demand for workers in business services, the Labor Department reported on Tuesday. Job openings rise to 9.6 mil from 8.8 mil last month. That means analysts will wait for other data on the job market out this week to see whether the job openings report is an anomaly. The job openings data lag the other labor market reports this week by a month. On Friday, the government will release its monthly jobs report for September with analysts looking for a continued moderation in the pace of growth in employment.

Persons: “, ” Kathy Jones, Charles Schwab, ”, Geno Cutolo, Mark Hamrick, ” Hamrick, Brij Khurana, Khurana Organizations: Labor Department, Charles, Charles Schwab Center, Financial Research, Federal, Wellington Management Locations: North America

The personal consumption expenditures price index increased 0.4% in August, slightly below estimates, while the yearly rise was 3.5%. But it was the core index that strips out food and energy prices coming in at 3.9%, its lowest reading since September of 2021, that is likely of most interest to the Fed. While goods prices have slowed considerably, costs in the services sector have proven harder to bring down, driven largely by housing prices. Looked at just over the past three months, the rate of core inflation has slowed markedly and is not far from the Fed’s 2% annual target. “PCE and core pce figures indicate continued inflation easing,” Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, commented on X.

Persons: “, ”, Carol Schleif, ” Kathy Jones, Andrew Patterson, Downside, ” Patterson Organizations: Federal Reserve, Labor Department, Fed, PCE, BMO Family Office, Schwab Center, Financial Research

☆ Bowlero is in my 'no buy zone': Empire's Herb Greenberg
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBowlero is in my 'no buy zone': Empire's Herb GreenbergHerb Greenberg, senior editor at Empire Financial Research, joins 'Power Lunch' to discuss IPO and SPACs price drops, a resurgence in traditional IPOs, and more.

Persons: Empire's Herb Greenberg Herb Greenberg Organizations: Empire Financial Research

☆ Wall St Week Ahead: Last Fed hike tends to aid stocks, but some have doubts this time
▼ + stars: | 2023-09-15 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

"The market will probably cheer it a bit if it is the end of the Fed rate hike cycle," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company. Traders see a roughly two-out-of three chance of the Fed leaving rates unchanged in November, CME's data showed. Odds for December show about a 60% chance rates of rates staying at current levels. Analysts at Oxford Economics forecast further downside for global earnings, noting that stocks "have typically delivered far weaker returns following the final Fed rate hike when it has coincided with an EPS downturn." "But I'm not sure how sustainable it would be given where stocks are valued relative to bonds already."

Persons: Brendan McDermid, CFRA, Brent Schutte, Schutte, Jerome Powell, Sam Stovall, LSEG Datastream, Jack Ablin, I'm, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Northwestern Mutual Wealth Management Company, Fed, Oxford Economics, Equity, Treasury, Cresset, Thomson Locations: New York City, U.S, Oxford

☆ ‘Higher for longer’ rates remain a threat to U.S. stocks after inflation data
▼ + stars: | 2023-09-13 | by ( David Randall | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. In the 12-months through August, the CPI jumped 3.7%, though year-on-year consumer prices have come down from a peak of 9.1% in June 2022. Markets now anticipate that the Fed will cut rates for the first time in July 2024, compared with expectations a month ago that rates would begin falling by March. “Earnings are what matter from here, particularly with an AI sector that needs to justify expectations." Reporting by David Randall; Editing by Ira Iosebashvili and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Alex McGrath, Kevin Gordon, Charlie McElligott, ”, David Randall, Ira Iosebashvili, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Futures, Treasury, U.S ., Schwab Center, Financial Research JPMorgan, Nomura, Nvidia, Companies, Thomson Locations: New York City, U.S

☆ Wall St Week Ahead: Investor hopes for US soft landing ride on inflation data
▼ + stars: | 2023-09-10 | by ( David Randall | ) www.reuters.com time to read: +4 min

Too high a number could fan fears of the Fed leaving interest rates higher for longer or hiking them more in coming months. That would give investors less reason to hold onto stocks after a tech-led drop in which the S&P 500 lost about 5% from summer highs. Reasons for optimism include the relative outperformance of the U.S. economy compared to Europe and China, and signs the so-called profit recession among S&P 500 companies may be over. The S&P 500 Information Technology sector lost more than 2% this week following news that Beijing had ordered central government employees to stop using iPhones for work. Still, much of the bull case for stocks hinges on softer inflation eventually pushing the Fed to lower interest rates.

Persons: Andrew Kelly, Michael Purves, Randy Frederick, Ed Clissold, Ned Davis, Jonathan Golub, David Lefkowitz, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Tallbacken Capital Advisors, Schwab Center, Financial Research, Technology, Apple, Huawei, Chief, Ned, Ned Davis Research, Credit Suisse Securities, UBS Global Wealth Management, Thomson Locations: Manhattan , New York City, U.S, Europe, China, Beijing

☆ Wall St Week Ahead Investor hopes for US soft landing ride on inflation data
▼ + stars: | 2023-09-08 | by ( David Randall | ) www.reuters.com time to read: +4 min

☆ Car deals just came back, but they will dry up if auto workers go on strike
▼ + stars: | 2023-09-07 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +6 min

A strike could impact the inventory and deals that car buyers get from Ford, GM, and Stellantis. But a looming strike by the United Auto Workers could throw the market back into some disarray, automotive industry and manufacturing experts told Insider. AdvertisementAdvertisementExperts say a potential strike would mean sinking levels of inventory and fewer deals car buyers could get in the fourth quarter — especially if the strike goes on for a while. What customers should look out for if there's a strikeThe amount of vehicle supply at dealerships across the country this year has been interesting to watch. It wasn't until the months leading up to the 2020 Covid pandemic that GM dealers started running low.

Persons: Stellantis, isn't, there's, Ford, Sam Fiorani, Fiorani Organizations: United Auto Workers, Detroit, Ford, GM, Service, Deutsche Bank, Cox Automotive, UAW, Detroit automakers, AutoForecast Solutions, Toyota, Honda Locations: Wall, Silicon, Detroit

☆ Income investors go back to school. These munis offer an opportunity as property values rise
▼ + stars: | 2023-09-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Local municipal general obligation bonds help fund operations or specific projects. Right now, yields for local general obligation munis are historically attractive at about 3.7%, said Cooper Howard, fixed income strategist for the Schwab Center for Financial Research. In general, the credit quality of local general obligation munis are pretty solid, said Richard Schwam, a municipal credit research analyst at AllianceBernstein. "There are so many general obligation bonds in the country that you can stay away from anything too tiny. Weinberg also recommended diversifying with multiple states, but cautioned that buying a bond outside of your state means you'll likely be subject to state income tax.

Persons: It's, Cooper Howard, Howard, Richard Schwam, Schwam, Schwab's Howard, bode, Ian Weinberg, Weinberg Organizations: Schwab Center, Financial Research, AAA, San, Family Wealth, Pension Management, Schwab's Municipal, Bond Locations: California, New York, San Francisco

Strong economic growth has spurred expectations that the Federal Reserve will leave rates higher for longer, pushing Treasury yields this month to their highest levels since 2007. The S&P 500 has lost 4% this month as the U.S. benchmark 10-year Treasury yield climbed to a more than 15-year high of 4.366% on Tuesday. Meanwhile, the S&P 500 technology sector (.SPLRCT) has dropped 5.7%, bitcoin has fallen over 10% and the ARK Innovation ETF (ARKK.P) - a bastion of many high-growth names - has dropped 18.5%. Stocks rose on Monday, with the S&P 500 closing up 0.7% and futures pointed to a further rise on Tuesday. The S&P 500 is over 8% below its January 2022 closing high.

Persons: Andrew Kelly, bitcoin, Sameer Samana, ”, Jerome Powell, Matt Maley, Miller, Goldman Sachs, Randy Frederick, Frederick, David Randall, Lewis Krauskopf, Ira Iosebashvili, Bill Berkrot Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, Innovation, U.S ., Wells, Wells Fargo Investment Institute, Lipper, Investor, Deutsche Bank, Schwab Center, Financial Research, Thomson Locations: New York City, U.S, Wells Fargo, Samana, Jackson Hole , Wyoming

☆ Premarket stocks: Does it matter whether the Federal Reserve hikes or pauses rates in September?
▼ + stars: | 2023-08-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —After the Federal Reserve raised interest rates in July to the highest level in 22 years, Wall Street’s focus is on whether September will bring another rate hike. But does it really matter whether the Fed raises or pauses rates next month? Before the Bell: Does it matter whether the Fed raises rates in September by another quarter point or holds steady instead? And, that earnings can grow even in an environment where interest rates are back to levels that they have been in for the past couple of decades. Year-over-year comparisons should improve, but I think investors want to see that.

Persons: Bell, Ed Yardeni, they’ve, Moody’s, they’re, We’ve, Fitch, CNN’s Kathleen Magramo, Women Jan Tinetti, Tinetti, Read, CNN’s Olesya Dmitracova, Darren Morgan, ”, Jonathan Moyes Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Employers, Traders, Yardeni, Women, Labour, Organisation for Economic Co, Development, Gross, National Statistics, Wealth Locations: New York, New Zealand

☆ 'The most important financial decision' of your life—what you need to know about mortgages
▼ + stars: | 2023-08-01 | by ( Ryan Ermey | ) www.cnbc.com time to read: +8 min

News about mortgage rates comes out daily. But for most would-be homebuyers, up-to-the-minute financial information might not feel as important as the bigger-picture questions: How do mortgages work? "Borrowing to purchase property is probably the most important financial decision that most people are ever going to make in their life," she says. The average 30-year mortgage rate was above 10% for most of the 80s, cresting in 1981 at 18.39%. "One can never truly predict the future, but I don't see mortgage rates returning back to the 3% range in the remainder of my lifetime," he says.

Persons: Will, Mary O'Sullivan, Read, Jeff Ostrowski, Z homebuyers, Lawrence Yun, that's, Freddie Mac, you've, O'Sullivan Organizations: Nationwide Mortgage Brokers, Federal Reserve, Fed, cresting, National Association of Realtors, CNBC, PMI, Federal Housing Administration, Financial, Urban Institute

☆ Wall St Week Ahead Hopes of 'Goldilocks' economy, rate peak buoy US stocks
▼ + stars: | 2023-07-28 | by ( David Randall | ) www.reuters.com time to read: +5 min

The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. At the same time, investors believe the Fed is unlikely to deliver much more of the monetary policy tightening that shook markets last year. A test of the economy comes next week, when the U.S. reports employment numbers for July. The tech-heavy Nasdaq 100 is up nearly 44% year-to-date, while the S&P 500 information technology sector has gained nearly 46%. The S&P 500 tech sector now trades at 28.2 times forward earnings, from 19.6 at the start of the year.

Persons: Brendan McDermid, Jerome Powell, Bob Kalman, Torsten Slok, Burns McKinney, Randy Frederick, wouldn't, David Randall, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal, Miramar Capital, Apollo Global Management, Meta, Roku Inc, NJF Investment Group, Apple, Microsoft, Schwab Center, Financial Research, Thomson Locations: New York, U.S, Miramar

☆ Use this strategy to generate portfolio income from your stocks as markets rise
▼ + stars: | 2023-07-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

An options strategy that's done just right will let you capture appreciation as stocks rise and generate some portfolio income. Enter covered calls. With covered calls, rising markets introduce an element of risk: Sell a covered call against a stock that takes off on a hot streak, and you miss an opportunity. "The Nasdaq 100 has had some incredible runs, and investors missed out on those if they were in the covered calls strategy," Armour said. "In a year like 2022, I'm not sure the Nasdaq 100 covered calls strategy would feel defensive."

Persons: Randy Frederick, Frederick, Bryan Armour, It's, Armour, I'm Organizations: Schwab Center, Financial Research, Corporation, Tech, Nvidia, Meta, Morningstar, JPMorgan Equity, Global, Nasdaq Locations: North America

Investors are awaiting Microsoft (MSFT.O), Google-owner Alphabet (GOOGL.O) and Meta Platforms (META.O) earnings this week, which will show whether their stocks justify sky-high valuations. The Nasdaq (.NDX) lagged other indexes as investors looked to non-tech stocks for bargains, lifting sectors from energy to banks. Helping the Dow (.DJI) notch its longest winning streak since February 2017, Chevron (CVX.N) gained almost 2% as the oil giant posted upbeat preliminary quarterly earnings over the weekend. Nine of the 11 major S&P 500 sectors rose, led by a gain in energy stocks (.SPNY). The S&P 500 posted 22 new 52-week highs and one new low; the Nasdaq Composite recorded 58 new highs and 97 new lows.

Persons: Barbie, Randy Frederick, You've, Carol Schleif, Toymaker Mattel, AMC's, decliners, Carolina Mandl, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, Anil D'Silva, Richard Chang Organizations: Dow, Nasdaq, Mattel, Chevron, Dow Jones, Federal Reserve, Schwab Center, Financial Research, Microsoft, Google, Investors, BMO Family Office, Reuters, AMC Entertainment, NYSE, Thomson Locations: New York, Bengaluru

Investors are awaiting Microsoft (MSFT.O), Google-owner Alphabet (GOOGL.O) and Meta Platforms (META.O) earnings this week, which will show whether their stocks justify sky-high valuations. The Nasdaq (.NDX) lost steam during the session as investors looked to non-tech stocks for bargains, lifting sectors from energy to banks. Barclays' head of U.S. equity strategy Venu Krishna said in a note to clients that investors are differentiating between tech companies. A few Big Tech names are driving all of the earnings upside, while the outlook for the "Rest of the Tech" is deteriorating, he said. Helping the Dow (.DJI) notch its longest winning streak since February 2017, Chevron (CVX.N) gained as the oil giant posted upbeat preliminary quarterly earnings over the weekend.

Persons: Barbie, Randy Frederick, Venu Krishna, You've, Carol Schleif, Toymaker Mattel, AMC's, Carolina Mandl, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, Anil D'Silva, Richard Chang Organizations: Chevron, Dow, Dow Jones, Federal Reserve, Schwab Center, Financial Research, Microsoft, Google, Nasdaq, Barclays, Big Tech, Tech, Investors, BMO Family Office, Reuters, AMC Entertainment, Thomson Locations: U.S, New York, Bengaluru

☆ Stock futures are little changed as investors look toward Friday jobs report: Live updates
▼ + stars: | 2023-07-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Thursday evening, as investors refocused their attention on the upcoming June payrolls report and the implications for the Federal Reserve's policy stance. Futures tied to the Dow Jones Industrial Average and S&P 500 futures were flat. That figure far exceeded the 220,000 estimate from economists polled by Dow Jones. This week's main event for economic data looms ahead: the Labor Department's June payrolls report, which is due Friday morning. Economists polled by Dow Jones anticipate an increase of 240,000 positions, a cooldown from May's gain of 339,000 jobs.

Persons: Levi Strauss, Dow Jones, Stocks, Kathy Jones, Dow Organizations: Federal, Dow Jones Industrial, ADP, Treasury, Dow, Nasdaq, Labor, Traders, CME Group, Schwab Center, Financial Research

Robinhood vs. Coinbase: The Biggest DifferencesRobinhood Investing and Coinbase are both popular online investment platforms offering a vast range of investment choices for active traders. Robinhood Account FeaturesRobinhood's virtual library provides a variety of financial research on investing, options trading, and more. Coinbase Account FeaturesThe Basic Coinbase account offers things like trading, crypto rewards, interest rewards, digital storage, and mobile access. Compared to Coinbase, Robinhood is the better option for investors who want to merge traditional investments, such as stocks and ETFs, with more digital assets like cryptocurrencies. Although Robinhood has a significantly more limited crypto selection than Coinbase, Robinhood offers a large variety of investment options.

Persons: Robinhood, Roth, Coinbase Coinbase, Roth IRAs, Coinbase, There's, Louis Oberlander, Henry Rodriguez, Christopher Underwood Organizations: Robinhood, Chevron, Reading Chevron, Coinbase, Trade, Pro, Morningstar, Nasdaq, Better, Bureau, BBB, Gamestop, SEC, Advanced Trade, Inc, New York State Department of Financial Services, New, DFS Locations: cryptocurrencies, New York, Robinhood

☆ Tesla returns to S&P 500 ESG index with more environmental disclosures
▼ + stars: | 2023-06-21 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakeJune 21 (Reuters) - Tesla Inc (TSLA.O) has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the electric car maker added environmental disclosures. The re-inclusion of Tesla is largely symbolic because only about $8 billion in assets track the S&P 500 ESG index, a tiny fraction of the $15.6 trillion in assets that track the S&P 500 index, according to its provider, part of S&P Global (SPGI.N). Tesla was among 39 companies added to the S&P 500 ESG index effective May 1 as part of an annual rebalancing. Other companies added included Chevron (CVX.N) and Fox (FOXA.O), while 23 companies were removed including Exxon (XOM.N) and Oracle (ORCL.N). S&P said it has a review underway that "relates to racial discrimination in Tesla factories," which could impact future scores.

Persons: Mike Blake, Tesla, Elon Musk, Todd Rosenbluth, Ross Kerber, Lisa Shumaker Organizations: Tesla, REUTERS, Tesla Inc, P, Chevron, Fox, Exxon, Oracle, Thomson Locations: Long Beach , California, U.S

☆ Overdraft Fees Are Dwindling, Study Finds
▼ + stars: | 2023-06-16 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Are the days of overdraft fees almost over? The dreaded bank fees are shrinking, even as the share of households paying them remains the same, new financial research shows. Banks charge overdraft fees to cover shortfalls when customers spend more than the amount in their checking accounts. The typical overdraft fee is $15, half the amount it was two years ago, according to Moebs Services, a financial research firm. (Its calculation is based on more than 3,600 institutions, including banks, credit unions and financial technology companies.)

Persons: Banks, overdrafts Organizations: Financial Health Network, Moebs Services Locations: overdraft

☆ Google, Palantir and Meta are great companies to ride the A.I. wave: Deepwater Asset's Gene Munster
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle, Palantir and Meta are great companies to ride the A.I. wave: Deepwater Asset's Gene MunsterHerb Greenberg, Empire Financial research editor, and Gene Munster, Deepwater Asset Management managing partner, join 'Power Lunch' to discuss A.I., virtual reality, and crypto and how to distinguish between tech fads and the future.

Persons: Asset's Gene Munster Herb Greenberg, Gene Munster Organizations: Google, Asset's, Empire Financial, Deepwater Asset Management

☆ From your 401(k) to bonds, here’s how to protect your financial well-being as debt default worries grow
▼ + stars: | 2023-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —The White House and House GOP negotiators are rushing to finalize a deal to raise the country’s debt limit. With that X-date only about one week away, there’s still no deal to raise the debt ceiling – putting Americans’ finances in danger. If you invest in bonds, pay attention to when your Treasury bills are maturing. Stick with high-quality investmentsSteer clear of corporate junk bonds or emerging market bonds, CNN has previously reported. Federal government contractors could also see a lag in payments, which could affect their ability to compensate their workers, CNN previously reported.

☆ Contributions to College Savings Plans Pick Up as Inflation Eases
▼ + stars: | 2023-05-26 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Contributions to 529 college savings programs fell late last year and early this year, according to industry data, as consumers saved less overall and battled high inflation. The state-sponsored savings accounts, named for a section of the tax code, can be used to pay for education expenses, primarily college costs. Still, that was an improvement over the fourth quarter of 2022, when net inflows were $1.5 billion. And those fourth-quarter inflows were significantly lower than the more than $4 billion in the same period of 2021. The drop in contributions was a result of not only reduced overall savings and high inflation but also the postpandemic reopening of the economy, which released pent-up demand for spending, Paul Curley, director of savings research at ISS, said in an email.

☆ These 4 stocks could double in price — including one tech giant, says financial research firm
▼ + stars: | 2023-05-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Some corners of the market may have been overbought this year, but there are still long-term opportunities for investors, according to financial research firm Redburn. Redburn analysts have chosen 12 companies where changes in the competitive or financial environment or management action could realise outsize value for shareholders," Redburn wrote in a May 23 report. Vestas Redburn said it believes Danish wind turbine manufacturer Vestas is set for a "return to double-digit margins." "While there are inflationary pressures in some areas, supply-chain cost and performance are clearly improving and raw material costs are well below recent peaks," the firm wrote. Sabre Redburn sees a "clear path" for shares of Sabre , a travel tech company, to "more than double."

Persons: Redburn, Vestas Redburn, Vestas, Bill Anderson, –, Bayer, Sabre Redburn, — CNBC's Michael Bloom Organizations: Amazon Web, Bayer, Sabre Locations: United States, Europe, China

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