Oil rally lifts stocks as WTI tops 37.75 dollars
Oil prices jumped more than 5 percent to 37.75 a barrel, boosting the S&P 500 by 11 percent to 2066.66 and narrowing the year to date gain to 1.1 percent. The move followed a surprise U.S. crude stock drop and hopes for production cuts, with the Fed minutes signaling patience on rate hikes and a weaker dollar supporting demand.
MENTIONED IN THIS ARTICLE
U.S
Standard & Poor
Wall Street
Federal Reserve
US Central Bank
SigFig Tracking Services Spotlight on Investors
A quick look at how American investors use SigFig tracking tools to monitor portfolios, compare holdings, and optimize strategies. Names of firms and individuals are discussed in general terms without disclosing private data. The piece highlights trends in online investment management and guidance features offered to users.
MENTIONED IN THIS ARTICLE
America
SigFig
SigFig shows US investors steady on risk based portfolio mix
SigFig data indicates more than half a million investors manage online portfolios with over 200 billion dollars in assets. Five day and six month averages show mixed performance, with AAPL as largest holding, TSLA top buy, EBAY top sell, and NEE frequently purchased while FSLA sold. Data represent SigFig analysis across U.S. households.
MENTIONED IN THIS ARTICLE
AAPL
NEE
EBAY
TSLA
FSLA
SigFig
Tsla Aggressive
DOJ moves to block $34 billion Halliburton merger
Investors reacted to news that the US Justice Department filed a lawsuit to block the $34 billion merger of Halliburton and Baker Hughes over antitrust concerns. Harley-Davidson forecast a drop in U S sales to individuals up to seven percent in Q1 as market share and revenue slip.
MENTIONED IN THIS ARTICLE
Baker Hughes
US Justice Department
Halliburton
Harley-Davidson Itg
U.S
Momo Buyout Backed by Alibaba Finance Affiliates
The Chinese dating app Momo disclosed in a regulatory filing that Alibaba finance affiliates back a buyout of the social network. Momo Chairman and CEO Yan Tang had proposed the deal last year.
MENTIONED IN THIS ARTICLE
Alibaba
Momo
Yan Tang
Activist investors underperform risks in big bets
The piece questions if activist investors are reliable and cites Bill Ackman’s Valeant bet as a costly exception. It notes studies linking activism to brief stock boosts and higher five year ROA, while warning smart money can err. It mentions 6 percent stock jumps around activism and 15 percent ownership by activists in five S P 500 firms.
MENTIONED IN THIS ARTICLE
Bill Ackman
Pershing Square
Ackman
Valeant Pharmaceuticals
Duke University
Harvard Law School
Columbia Business School
Standard & Poor
S&p Global
TradeKing
Ally
Donato Montanaro
TD Ameritrade
AMTD
Ally Financial moves into brokerage with TradeKing buy
Ally Financial agreed to acquire TradeKing for 275 million dollars, expanding beyond loans and deposits into trading and investing. The Detroit bank aims to leverage TradeKing’s investor tools while offering more products to 1.1 million depositors and 4.5 million auto loan customers, with 40 percent of new clients being Millennials.
MENTIONED IN THIS ARTICLE
Ally Financial
ALLY
S&p Global Capital Markets
USA Today
Diane Morais
Ally Bank
Morais
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