Markets await November jobs data shaping Fed rate outlook
The November national jobs report due Friday will frame Wall Street’s view of Fed rate policy. With Fed Chair Janet Yellen signaling readiness to hike, expectations hinge on payroll gains. Economists see 150,000 to 200,000 job additions as a trigger, while 100,000 or fewer could delay action.
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SigFig users show Millennials skew in tech stock ownership
Among SigFig investors, Millennials aged 18 to 34 are 2.7 times more likely to own Tesla than Baby Boomers aged 51 to 69. They are 1.7 times more likely to own SolarCity and 1.4 times more likely to own Twitter and GoPro.
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US investors shift toward foreign assets via SigFig data
SigFig analysis shows under 20 percent of portfolios in U S investments with five day return minus 7.20 and six month minus 8.05, highlighting AAPL as largest holding and KBIO as most bought while BIDU tops sales. More than half a million investors oversee about 200 billion in assets online through SigFig.
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Avago Reports Strong Q4 Earnings Beat
Avago Technologies posted better than expected fourth fiscal quarter results with earnings per share of 2.51, beating estimates by 0.13. The stock traded around 39.91, up 1.80, after a day’s range of 38.36 to 40.33 while the company delivered solid performance.
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Abengoa Seeks Creditor Protection Amid Debt Talks
Abengoa, the Spanish solar energy company, filed for preliminary creditor protection last week and will negotiate with bondholders on possible debt restructuring. Bloomberg News notes the stock traded around $2.21 with a 4-week trend showing volatility.
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Yahoo stock breakup may unlock value says Wall Street
Wall Street bets Yahoo will breakup and sell assets to unlock value. Core portal business is viewed as worthless by investors, yet Alibaba and Yahoo Japan stakes keep the company valued at about 33.7 billion. Analysts see upside if a sale proceeds, though cash flow doesn’t justify current price.
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S and P cuts eight big banks amid Fed bailout limits
Standard & Poor's downgraded the holding companies of Bank of America Bank of New York Mellon Citigroup JPMorgan Chase Morgan Stanley State Street Goldman Sachs and Wells Fargo after the Federal Reserve adopted a rule restricting emergency loans. S&P kept ratings for bank units and noted higher capital requirements under Dodd-Frank may curb sudden collapses while signaling potential government support remains uncertain.
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