Wynn Resorts (WYNN) sunk to the bottom of the S&P 500 today after China said it would limit ATM withdrawals in Macau.
Shares of Wynn Resorts dropped 11% to$90.72 today, while the S&P 500 gained 0.2% to 2,246.19.
My colleague Dimitra DeFotis, who runs Barron’s Emerging Markets Daily, explains what happened:
The move is another in a series to....More>>>
The market is filled with stocks. Ever since bond yields went to zero as the Federal Reserve tried to rescue the economy from the mortgage crisis, it has forced people to go further out on the risk curve in order to get the income they had been used to getting from bonds.
Risk is the foremost concern of my stock advisory newsletter, The Liberty Portfolio. Most investors unknowingly take on....More>>>
U.S. stock futures are headed toward record highs once again this morning. Senate Republicans passed the tax bill and sent it back to the House for approval. The tax plan had several budget rules violations that the Senate stripped out. The House is expected to vote on the plan today and send it to President Trump’s desk for signing this week.
With the tax plan now on the verge of implementation,....More>>>
Large cap natural and organics supermarket stock Whole Foods Market, Inc (NASDAQ: WFM) reportedQ3 2017 earnings today. Total sales increased 0.6% to a record $3.7 billion whilecomparable store sales decreased 1.9% and net income was $106 million versus $120 million. John Mackey, co-founder and CEO, commented:
For the quarter, we delivered record sales and free cash flow, and returned$44 millionin....More>>>
If you’re itching to start investing in the stock market, who could blame you? It’s where Warren Buffett and countless others have made much of their money, and it’s just about the best way to build wealth over the long term. But hold your horses: First use these six questions as a checklist to make sure you can afford to invest.
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