Britain’s Brexit vote adds headwinds for U.S. stocks
Investors cite Brexit as a fresh risk in a string of concerns since U.S. stocks peaked in May 2015. Analysts warn of continued dollar strength, earnings pressure for multinationals, and slower growth, with questions on UK recession risk, EU disintegration, and oil price effects shaping market sentiment.
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America's Investors Allocate Heavily to Tech Stocks
SigFig tracks over half a million investors with $200 billion in online portfolios. The typical aggressive profile holds 71 percent or more in equities, with Apple (AAPL) as the largest holding and MSFT among the most sold. Data reflect five day and six month averages from SigFig analysis.
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AAPL
MSFT
SigFig
Medtronic buys HeartWare for 1.1 billion in premium
HeartWare, maker of a ventricular assist device, is acquired by Medtronic for 1.1 billion dollars, a 98 percent premium over Friday's close, helping shares recover from a trial setback while PepsiCo notes diet soda strain with aspartame return and stock clawing back pre-market losses.
MENTIONED IN THIS ARTICLE
Heartware
Medtronic
PepsiCo
Micron Falls Early Ahead of Earnings Call
An early drop before Micron Technology's earnings call on Thursday sent June into a losing month. Analysts expect the third quarter to show lower sales, yet maintain a buy rating and signal upside from current levels.
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Micron
Investing in Utility Stocks as Safe Haven
Investors seek shelter from market drops after Brexit with utility stocks and derivatives. The iShares Global Utilities ETF rises about 7 percent this year while yielding around 3.8 percent. Protective puts offer downside insurance and some traders prefer moving toward higher bond allocations to reduce volatility.
MENTIONED IN THIS ARTICLE
U.S
iShares Global Utilities Exchange-Traded Fund
Fast casual eateries feel heat as growth slows in economy
The fast casual sector including Panera Shake Shack and Chipotle sees a May traffic drop of 4 percent from a year earlier, the first decline since 2004. Excluding Chipotle the drop is 1 percent, with analysts citing slower consumer spending, discounting, and rising gas prices. Some chains respond with loyalty offers while experts warn of a broader consumer pullback and caution about the second quarter.
MENTIONED IN THIS ARTICLE
NPD Group
Bonnie Riggs
Bob Derrington
Telsey Advisory Group
McDonald’s
Chipotle
Matt McGinley
Evercore III
Efraim Levy
S&p Capital 1Q
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