Stocks near highs but earnings growth lags, says S&P
S&P Global Market Intelligence analyst Sam Stovall notes the S&P 500 hit recent highs and is more than 25 times trailing earnings, above the long term average. He cautions earnings growth hasn’t kept pace, making market pricey yet still potentially rising, with pockets like broadcasting stocks offering cheaper forward valuations.
MENTIONED IN THIS ARTICLE
Standard & Poor’s
Sam Stovall
U.S. Equity
S&p Global Market Intelligence
Stovall
Biotech deal lifts stocks as Pfizer buys proxy for prostate cancer drug
Pfizer advances to acquire a biotech firm selling a $100 prostate cancer treatment for 14 billion dollars. other biotech shares rise while apparel retailers face discount sales of up to 80 percent. Brand sponsorship loss for swimmer Ryan Lochte noted. utility Duke Energy negotiates over a liquefied coal ash spill with a 6.6 million fine. CBOE volatility gauge and P E ratio context included.
MENTIONED IN THIS ARTICLE
Pfizer
Ralph Lauren
Ryan Lochte
Duke Energy
SigFig shows U S investors as portfolio managers online
Data from SigFig analysis indicate more than half a million investors nationwide use SigFig’s online tracking service managing assets totaling about 200 billion dollars. The report outlines how individuals’ portfolios are performing based on SigFig data.
MENTIONED IN THIS ARTICLE
America
SigFig
Circle KOperator to Acquire CST Brands for 4.4B
Laval based Couche-Tard agreed to acquire San Antonio CST Brands for 4.4 billion dollars, paying 48.53 per share and assuming debt. CST operates over 2000 North American stores under Corner Stores Nice N Easy and Flash Foods, with CST retail assets to be partially divested. The deal, which values CST at a 42 percent premium, expects closing in early 2017 and will create a Circle K unit in San Antonio.
MENTIONED IN THIS ARTICLE
Circle K
CST
Laval
Alimentation Couche-Tard
North America
Valero Energy
Couche-Tard
Nice N Easy
Alain Bouchard
Couche
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