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In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
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The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
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Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
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Here's a revealing data point: older Americans are scared more of outliving wealth than of death itself.
Also, retirees who have constructed a nest egg have valid justifications to be concerned, since the traditional ways to plan for retirement may mean income can no longer cover expenses. Some retirees are now tapping their principal to make a decent living, pressed for time between decreasing investment balances and longer life expectancies.
The tried-and-true retirement investing approach of yesterday doesn't work today.
For example, 10-year Treasury bonds in the late 1990s offered a yield of around 6.50%, which translated to an income source you could count on. However, today's yield is much lower and probably not a viable return option to fund typical retirements.
While this yield reduction may not seem drastic, it adds up: for a $1 million investment in 10-year Treasuries, the rate drop means a difference in yield of more than $1 million.
Today's retirees are getting hit hard by reduced bond yields - and the Social Security picture isn't too rosy either. Right now and for the near future, Social Security benefits are still being paid, but it has been estimated that the Social Security funds will be depleted as soon as 2035.
How can you avoid dipping into your principal when the investments you counted on in retirement aren't producing income? You can only cut your expenses so far, and the only other option is to find a different investment vehicle to generate income.
Invest in Dividend Stocks
Dividend-paying stocks from low-risk, high-quality companies are a smart way to generate steady and reliable attractive income streams to replace low risk, low yielding Treasury and bond options.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions.
One approach to recognizing appropriate stocks is to look for companies with an average dividend yield of 3% and positive average annual dividend growth. Numerous stocks hike dividends over time, counterbalancing inflation risks.
Here are three dividend-paying stocks retirees should consider for their nest egg portfolio.
Canadian Imperial Bank (CM)
is currently shelling out a dividend of $0.67 per share, with a dividend yield of 4.29%. This compares to the Banks - Foreign industry's yield of 3.76% and the S&P 500's yield of 1.57%. The company's annualized dividend growth in the past year was 2.95%. Check Canadian Imperial Bank dividend history here>>>
Royal Bank (RY)
is paying out a dividend of $1.05 per share at the moment, with a dividend yield of 3.37% compared to the Banks - Foreign industry's yield of 3.76% and the S&P 500's yield. The annualized dividend growth of the company was 4.52% over the past year. Check Royal Bank dividend history here>>>
Currently paying a dividend of $0.69 per share,
Shell (SHEL)
has a dividend yield of 4.04%. This is compared to the Oil and Gas - Integrated - International industry's yield of 0.91% and the S&P 500's current yield. Annualized dividend growth for the company in the past year was 19.65%. Check Shell dividend history here>>>
But aren't stocks generally more risky than bonds?
The fact is that stocks, as an asset class, carry more risk than bonds. To counterbalance this, invest in superior quality dividend stocks that not only can grow over time but more significantly, can also decrease your overall portfolio volatility with respect to the broader stock market.
An advantage of owning dividend stocks for your retirement nest egg is that numerous companies, particularly blue chip stocks, raise their dividends over time, helping alleviate the impact of inflation on your potential retirement income.
Thinking about dividend-focused mutual funds or ETFs? Watch out for fees.
If you prefer investing in funds or ETFs compared to individual stocks, you can still pursue a dividend income strategy. However, it's important to know the fees charged by each fund or ETF, which can ultimately reduce your dividend income, working against your strategy. Do your homework and make sure you know the fees charged by any fund before you invest.
Bottom Line
Regardless of whether you select high-quality, low-fee funds or stocks, looking for a steady stream of income from dividend-paying equities can potentially lead you to a solid and more peaceful retirement.
Zacks Investment Research
To control inflation, the Fed raised interest rates for 10 straight policy meetings before finally opting for a rate pause in June 2023. It barely raised rates till the end of 2023 and promised at least three rate cuts in 2024. However, it is only in September of this year that we are finally going to see the first slashing of rates.
Fed Chair Jerome Powell has continued to suggest that he is fairly certain of rate cuts this year, but the Fed would embark on that journey only after reviewing further data. From his recent remarks, as well as comments made by other Fed officials, it is now amply evident that the inflation level is at the mark that the Fed wants it to be at. That also indicates that we are going to witness the much awaited rate cuts from September itself. In fact, it is the extent of the rate cuts that is currently being debated.
While a September rate cut is almost a certainty, the Fed has resisted committing to further cuts as of now. Yet, with both consumer and producer-side inflation coming in line with expectations, investor mood has been upbeat about the Fed bringing down rates more than expected earlier. Per CME’s FedWatch tool, there is a 69% likelihood that the Fed would announce a 50 basis point cut from its meeting.
This, however, does not indicate that interest rates are not going to come down rapidly. It merely addresses the problem of immediate relief needed by consumers. In reality, if rates fall by 50 basis points and are held at a target rate of 475-500, it is still pretty high. When interest rates are high, banks and other financial institutions generally see higher profitability due to increased lending rates. The gap between such lending rates is considered a long-term asset for banks. Also, short-term liabilities such as deposits increase and boost net interest margins.
Stocks of banks, insurance companies and other financial institutions go up with continuous interest rate hikes. This is because financial services companies can earn more on the money they have and on the credit they issue to their customers. As a result, the S&P 500 Financials Select Sector SPDR (XLF) soared 10.1% year to date as of June 30.
Also, financial stocks are very popular investments on their own. Most companies within the sector issue dividends and are judged on the overall strength of their financial health. It is thus prudent that one adds a few to their portfolio.
Our Choices
The stocks below flaunt a Zacks Rank #1 (Strong Buy) or Rank #2 (Buy). The search was also narrowed down with a VGM Score of A or B. Here, V stands for Value, G for Growth and M for Momentum. The score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners. You can see the complete list of today’s Zacks #1 Rank stocks here.
Canadian Imperial Bank of Commerce CM is a diversified financial institution that provides various financial products and services. CM’s expected earnings growth rate for the current year is 7.6%. The Zacks Consensus Estimate for its current-year earnings has improved 6.1% over the past 60 days. This Zacks Rank #1 company has a VGM Score of B.
Barclays PLC BCS is a global financial services company. BCS’ expected earnings growth rate for the current year is 21.7%. The Zacks Consensus Estimate for its current-year earnings has improved 4.4% over the past 60 days. This Zacks Rank #2 company has a VGM Score of B.
Arch Capital Group Ltd. ACGL is a global insurance, reinsurance and mortgage insurance products company. ACGL’s expected earnings growth rate for the current year is 6.6%. The Zacks Consensus Estimate for its current-year earnings has improved 5% over the past 60 days. This Zacks Rank #2 company has a VGM Score of B.
Zacks Investment Research
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
DXP Enterprises DXPE: This company which is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada, Mexico and Dubai, has seen the Zacks Consensus Estimate for its current year earnings increasing 12.7% over the last 60 days.
DXP Enterprises, Inc. Price and Consensus
DXP Enterprises, Inc. price-consensus-chart | DXP Enterprises, Inc. Quote
The Progressive PGR: This company which is a leading independent agency writer of private passenger auto coverage, and the market share leader for the motorcycle products since 1998, has seen the Zacks Consensus Estimate for its current year earnings increasing 11% over the last 60 day.
The Progressive Corporation Price and Consensus
The Progressive Corporation price-consensus-chart | The Progressive Corporation Quote
SK Telecom Co. SKM: This company which is the world's first commercial CDMA digital cellular service, has seen the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days.
SK Telecom Co., Ltd. Price and Consensus
SK Telecom Co., Ltd. price-consensus-chart | SK Telecom Co., Ltd. Quote
Axis Capital Holdings AXS: This company which provides a broad range of specialty insurance and reinsurance solutions to its clients on a worldwide basis, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.
Axis Capital Holdings Limited Price and Consensus
Axis Capital Holdings Limited price-consensus-chart | Axis Capital Holdings Limited Quote
Canadian Imperial Bank of Commerce CM: This leading North American financial institution that offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, in the United States and around the world, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.
Canadian Imperial Bank of Commerce Price and Consensus
Canadian Imperial Bank of Commerce price-consensus-chart | Canadian Imperial Bank of Commerce Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
Shell (SHEL) closed at $67.45 in the latest trading session, marking a +0.7% move from the prior day. This move outpaced the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 0.72%, and the technology-dominated Nasdaq saw an increase of 0.65%.
Prior to today's trading, shares of the oil and gas company had lost 8.46% over the past month. This has lagged the Oils-Energy sector's loss of 3.91% and the S&P 500's gain of 4.86% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Shell in its upcoming earnings disclosure. In that report, analysts expect Shell to post earnings of $1.73 per share. This would mark a year-over-year decline of 6.99%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $86.4 billion, up 10.75% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.61 per share and revenue of $347.2 billion. These totals would mark changes of +2.5% and +7.43%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Shell. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.23% lower. Shell is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Shell is presently being traded at a Forward P/E ratio of 7.78. This denotes a premium relative to the industry's average Forward P/E of 7.65.
We can additionally observe that SHEL currently boasts a PEG ratio of 1.51. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. SHEL's industry had an average PEG ratio of 1.51 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Zacks Investment Research
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