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Yahoo BusinessJul 16, 2020
Stocks, Futures Fall as China Data Hits Sentiment: Markets Wrap
(Bloomberg) -- Stocks fell with U.S. equity futures on Thursday as investors parsed economic data from China that showed the path of economic recovery from the pandemic remains bumpy.The Stoxx Europe 600 Index tracked Asian shares lower after Chinese retail sales in June missed estimates and continued to contract, even as the economy returned to growth in the second quarter. Futures on the three main American equity gauges pointed to a weak start on Wall Street.Oil retreated from a four-month high after the OPEC alliance confirmed it would start tapering output cuts from next month.The euro fluctuated and regional bonds were mixed ahead of the European Central Bank's policy decision, where it's expected to keep its emergency bond-buying program unchanged but will likely face questions over whether the current level of support is sufficient.The reminder of the long road ahead to a full global recovery is quashing optimism in financial markets earlier in the week spurred by progress in developing a coronavirus vaccine. While China is seeing a modest domestic recovery, it remains highly vulnerable to setbacks as shutdowns continue to hamper activity across the globe."The problem is, this is still uneven," Helen Qiao, chief greater China economist at Bank of America Corp., said on Bloomberg TV, referring to the latest data. "It is hard to see how China can remain on a firm footing at a time when the rest of the world is still coping with a very deep recession."Meanwhile, President Donald Trump has indicated

KiplingerJul 16, 2020
The Pros' Top 5 Industrial Stocks to Buy
Industrials stocks have been slammed so far in 2020, and that has Wall Street's analysts pounding the table for select names in the beaten-down sector.

There's little wonder why. The sweeping coronavirus pandemic and related lockdowns have derailed economies around the globe. As a result, the highly cyclical industrials sector is off more than 12% year-to-date. That lags the broader market by a wide margin. 

Of course, anywhere you find carnage, you'll find a few bargains, too. And analysts recently have targeted a few industrial stocks to buy for their apparent value and growth prospects.

To get a sense of where those discounts might lie, we surveyed the S&P 500 for industrial sector stocks with some of the strongest analyst ratings on Wall Street, according to S&P Capital IQ.

Here's how it works: S&P Capital IQ surveys analysts' stock calls and scores them on a five-point scale, where 1.0 equals a Strong Buy and 5.0 is a Strong Sell. Any score lower than 2.5 means that analysts, on average, rate the stock as a Buy. Scores of 1.5 and below mean the stock is a Strong Buy. Either way, the closer a stock's score gets to 1.0, the more bullish analysts are about its prospects.

After sorting through the S&P 500, we found buy-rated stocks across the industrial sector, from data analytics to defense contractors. Read on as we look at five of the top-rated industrial stocks to buy in these turbulent times.

91 Top Dividend Stocks From Around the World Share prices, dividend yields, price targets, analysts' ratings and other data are courtesy of S&P Capital IQ as of July 15, unless otherwise noted. Stocks are listed by analysts' average recommendation from worst to best.


MarketWatchJul 16, 2020
Market Snapshot: Stock-index futures point lower after China selloff, disappointing jobless claims
Stock-index futures lost ground Thursday, falling after a drop in Asian shares as U.S.-China tensions continue to rise and as investors mull another round of U.S. corporate earnings reports and data on retail sales and weekly jobless benefit claims.

MarketWatch MarketPulseJul 16, 2020
Bank of America profit slides as it boosts loan loss provisions, but results top estimates
Bank of America Corp. said Thursday it had net income of $3.5 billion, or 37 cents a share, in the second quarter, down from $7.3 billion, or 74 cents a share, in the year-earlier period. The number was weighed down by a $4 billion build in loan loss provisions during the coronaivirus pandemic. Revenue fell to $22.3 billion from $23.1 billion. The FactSet consensus was for EPS of 28 cents and revenue of $21.8 billion. "Strong capital markets results provided an important counterbalance to the COVID-19-related impacts on our Consumer business," Chief Executive Brian Moynihan said in a statement. Net interest income fell 11% to $10.8 billion, driven by lower interest rates. Non-interest income rose 5% to $11.5 billion, buoyed by strong capital markets results. Sales and trading revenue rose 28% to $4.2 billion, as FICC (fixed income, currencies and commodities) revenue climbed 50% to $4.2 billion and equities revenue rose 7% to $1.2 billion. Investment banking fees rose 57% to a record $2.2 billion, amid record capital raising by companies seeking to bolster liquidity during the pandemic. Shares fell 2% premarket and are down 30% in the year to date, while the S&P 500 has fallen 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJul 15, 2020
Twitter regains control after prominent accounts hijacked to tweet bitcoin scams
Twitter Inc. accounts belonging to top U.S. executives, lawmakers and celebrities were compromised Wednesday and appeared to be used in an attempt to siphon bitcoin from their social followers until the company wrangled control of its site back hours later.
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