Market overvaluation warned by Centre Asset’s Abate
Wall Street expert James Abate says US equities are about 30 percent overvalued as rate hikes loom and GDP and earnings growth slow. He notes markets priced for lower rates, while the late-cycle economy offers limited upside, offset by Trump policy promises. SigFig data summarize retail investor activity.
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Corporate Equality Index Lifts Retailer Despite Stock Dip
The retailer earned its highest grade from the Human Rights Campaign for workplace protections for LGBT employees. The stock traded at 69.94 dollars, down 0.94, with a day high of 70.99 and low of 69.81.
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Human Rights Campaign
Amazon Go expansion lifts self checkouts and shares recover
Amazon introduced its Go concept aiming to speed up checkout lines as it improves self checkouts. The stock closed higher after last week's dip, with price around 759.36 and a 19.02 gain. Tyson Foods pledged 150 million to a VC fund to develop alternative proteins and cut food waste, reversing an early decline.
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S&P 500 P E Ratio Explained
The price to earnings ratio reflects the S P 500 using trailing twelve month operating earnings as the basis. It summarizes how investors value a broad market index relative to its recent core profits.
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S&p
Italy referendum: market calm masks global uncertainty
Italy’s No vote against PM Renzi’s reforms sparked a tempered market response. U.S. traders saw little immediate shock as stocks dipped marginally and benchmarks held steady, but the referendum underscored rising populism and potential euro zone strain, with Italian banks looming for capital and possible future rescues.
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