“Clawing Back” – Vista Partners Daily Market Recap 11/21/2018

US stocks attempted to claw their way back up on Wednesday after suffering stark losses in this week’s previous sessions. The Nasdaq managed to gain 0.92% (63.43 points) while the S&P 500 notched an increase of 0.3% (8.04 points). Despite rallying 200 points at its high during intraday trading, the Dow ended the day with nearly no change (it was down less than 1 point).

Individually, components of the Dow were mixed today. Johnson & Johnson (JNJ) saw the greatest losses by a significant margin with a decline of 3.05%. Apple (AAPL) was down 0.11%, but declines were not nearly as steep as the previous two days. NIKE (NKE) saw the largest gains of any company in the index today with an increase of 1.76%.

Atossa Genetics (ATOS) wasn’t quite as lucky, its shares slipped 5.51% by market close.

With the recent downturn in the market, several people have the new expectation that the Fed will scratch its plan to hike rates again in December. Jan Hatzius of Goldman Sachs doesn’t see this as likely. She noted that unless other financial conditions crumble, the probability of the Fed changing course is slim.

Hatzius wrote, “We expect the Fed to hike at the December meeting despite the recent stock market decline, with a subjective probability of 90%. Subsequent moves will depend on the data, but our baseline forecast remains four more hikes in 2019 with risks that are broadly balanced.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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S&P 500, Nasdaq close higher

Both the S&P 500 and Dow are still negative for the year-to-date…

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After Much Praise, Buffett Finally Buys JPMorgan Shares

JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking.

Warren Buffett’s Berkshire Hathaway grabbed a new position during the third quarter in JPMorgan Chase of 35.6 million shares. This is the 10th largest stock holding.

This move is worth noting, because although Buffett has always publicly praised JPMorgan’s CEO Jamie Dimon, he has never owned stock.

I should’ve [invested]. Very obviously. I mean, it’s been a terrifically run operation. And it was very cheap, just like a number of others were.” -Warren Buffett

Along with the JPMorgan position, Berkshire Hathaway increased its position in Bank of America by 29% and Goldman Sachs by 38%. Berkshire’s stake in Bank of American now sits at 877.24 million shares, which makes it the No. 2 largest equity holding. Buffet increased the position of Bank of New York Mellon by 20%. The position with Wells Fargo was decreased by 2% by selling a little over 9.6 million shares.

A new position for Berkshire was also started with Oracle, with a stake of 41 million shares. The Walmart position was exited, selling all of the 1,393,513 shares during the third quarter.

To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.

Pancake With Honey on Plate

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Warren Buffett buys JPMorgan shares as he ramps up bets on the financials

He’s been a longtime fan of Jamie Dimon…

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“Tanking” – Vista Partners Daily Market Recap 11/20/2018

US stocks tanked on Tuesday, as Monday’s sell-off continued. The S&P 500 sank 1.82% (48.84 points) while the Nasdaq fared about the same with a loss of 1.7% (119.6 points). The Dow had the worst day of the three, as it plummeted 2.21% (551.8 points).

Individual components of the Dow were down across the board, with every single stock ending the day in the red. The biggest losers were Apple (AAPL) with a loss of 4.78%, Goldman Sachs (GS) which sank 3.47%, and Walt Disney (DIS) with shares declining 3.08%.

Atossa Genetics (ATOS) shined today against a gloomy backdrop as it gained a whopping 9.48% for the day.

Our TVIX and TZA ETF leveraged bets against the broad markets and the Russell 2000 were once again up respectively 11.64% and 5.79%.

The markets losses today mean that both the Dow and the S&P 500 are in the negative for the year. The tech sector has been one of the major culprits in the declines, as each of the FANG components are down nearly 20% from their year highs.

According to Chris Zaccarelli, the chief investment officer of Independent Advisor Alliance, their are several factors working against the tech sector. “Tech continues to be caught in the crosshairs of the triple threat of rising interest rates, global growth fears, and trade tensions with China.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Dow, S&P 500 now down for 2018

Stock futures pointed to a sharply lower open, showing no respite after Monday’s equity rout…

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“Vista’s View – A Weekly FREE Market Update 11-17-18″…Now Available!

Vista Partners has published “Vista’s View – A Weekly Market Update Newsletter 11-17-18!”  Each weekly newsletter is written by Vista Partners’ Managing Director, John Heerdink.   Vista’s View includes an exclusive view on the stock market for the week, a “Stocks To Watch” section, featured stories that span from the Dow 30, select emerging growth companies, investing basics & exciting videos from Vista’s Coverage Universe and beyond.

Vista Covers all Dow 30 components, International Companies, Select Emerging Growth Companies & more on the website daily.

 Download the latest Exclusive FREE Newsletter at the Vista Partners’ Newsletters Page Now.  It’s FREE!!!

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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“At a Crossroads” – Vista Partners Daily Market Recap 11/16/2018

All the major indices ended the session on Friday with gains, with the Nasdaq just barely squeaking out of the red. The S&P 500 gained 0.46% (12.66 points) and the Nasdaq increased 0.15% (11.04 points). The Dow jumped up 0.68% (171.23 points).

Individual components of the Dow fared well overall. The Travelers Companies (TRV) ended the day up 2.53% and United Health Group (UNH) rose 2.33%. Walmart (WMT) claimed the title of the “biggest loser” for the second day in a row as it saw shares slip 1.86% by market close.

After a strong showing yesterday, Atossa Genetics (ATOS) dropped 6.87%.

President Trumps reassurance this afternoon that he felt good about finding a path forward with China on trade helped to give stocks a late-session bump. But this likely won’t change what many analysts see as a general global downturn as beginning to infiltrate the US.

Increasing debt, budget deficits, declining commodity prices, and the fear of increasing interest rates are all factors that might be pointing to trouble for the US economy and markets.

John Linehan, an investment officer with T. Rowe Price, sees this as a critical time for the United States. “I think US markets really are a at a crossroads. There are significant reasons to be confident about the market but some real reasons to see that there’s some risks that pose a very clear and present danger.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Yahoo

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“Looking Up?” – Vista Partners Daily Market Recap 11/15/2018

US stocks were looking up today even after a morning that saw the S&P 500 slip into the negative for the year. Despite the grim morning, the S&P 500 was able to post gains of 1.06% (28.67 points) by the time trade ended. The Nasdaq also increased, up 1.72% (122.64 points), and the Dow rose 0.83% (208.84 points).

Components of the Dow had a mixed bag of results today. Cisco (CSCO) shares rose an impressive 5.50% and the 3M Company (MMM) had increased 3.46% by the session’s close. On the flip side, Walmart (WMT) dropped 1.96%.

Outside the Dow, Atossa Genetics (ATOS) had an especially good day with shares increasing 8.26%.

The Commerce Department revealed today that estimates for US retail sales had risen 0.8% over last month. This was a higher figure than the predicted 0.5% increase rate. And while the increase in retail sales was gladly welcomed, the rise in jobless claims was probably not. According to the Department of Labor, initial unemployment claims increased by 2,000 for the week of November 10.

In regards to this number, Ian Shepherdson of Pantheon Macroeconomics noted, “We see no good reason for a sustained rise in claims unless the trade war steps up another gear, but the downward momentum has drained from these numbers, at least for now.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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S&P 500 snaps five-day losing streak, oil extends gains

Equities slid, the Sterling fell against the dollar and crude oil fought to hold onto gains…

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The Home Depot Reports Q3 Financial Results

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

The Home Depot announced its fiscal third quarter 2018 results on November 13 ,2018. The home retail company reported earnings of $2.51 per share, beating the estimates that called for $2.838 per share, this was a 36.4 percent increase from the same period in fiscal 2017. The company saw sales of $26.3 billion, a 5.1 percent increase year over year.

We are pleased with our third quarter results and the growth that we saw from both our professional and do-it-yourself customers. Our customers continue to respond to our expansive assortment and enhancements we are making to drive an interconnected shopping experience. We saw continued strength across the store, as well as healthy growth in our digital business. We believe this is a testament to the overall strength of demand in the home improvement market.” -Craig Menear, chairman, CEO and president

More information on The Home Depot’s quarter three results can be found here.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

People in Concert

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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“Seeing Red” – Vista Partners Daily Market Recap 11/14/2018

After beginning the session with gains on Wednesday, all three major indices were seeing red as they ended the day with losses. The S&P 500 was down 0.75% (20.36 points) as trade closed and the Nasdaq slipped 0.9% (64.48 points). The Dow dropped 0.81% (205.25 points) which was better than the 350 points it had lost at its low point during the session.

Most individual components of the Dow were down again today but some, like The Home Depot’s (HD) increase of 0.50%, managed to hold onto gains. The Travelers Companies (TRV) saw shares slide 2.97% and Apple (AAPL) had another day of losses with a decline of 2.82%. Atossa Genetics (ATOS) had a particularly rough day as it saw losses of 6.20% but after spiking during yesterday’s trading.

After the longest losing streak in its history, oil prices finally increased today. This comes after reports that OPEC might consider slashing its production by 1.4 million barrels per day in the coming year. This number is even larger than what was previously though and it would help to eliminate concerns about an excessive global supply of oil.

The decline in oil prices has had many factors. According to Jeffrey Currie, with Goldman Sachs, “What began as a cross-asset risk-off sell-off accelerated last week for oil on news of the Iranian waivers and is now being further exacerbated by systematic trading and hedging strategies.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Stocks fall, oil snaps losing streak

US equities fell Wednesday and domestic oil snapped its 12-day losing streak, the longest on record. With 2018 coming to a close, analysts have begun turning their attention to next year’s outlook. In November, 44% of fund managers said they think global economic growth with decelerate in the next..

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“Downturn” – Vista Partners Daily Market Recap 11/13/2018

While the market stayed positive for most of Tuesday, it took an abrupt downturn around midday and wiped out most of the gains that Nasdaq had made and drove the S&P 500 and the Dow into the red. When all was said and done, the Nasdaq came out on top with a gain of 0.02% (1.48 points) while the S&P 500 lost 0.30% (8.04 points) and the Dow dropped 0.65% (164.58 points).

Many of the components of the Dow saw little change from their opening price as trade ended. Exxon Mobil (XOM), though, saw shares drop 2.29%. Boeing (BA) wasn’t far behind with losses of 2.10%. It wasn’t all bad news though, as Intel (INTC) had gains of 1.59%.

Apart from the Dow, Atossa Genetics (ATOS) had a very good day as it soared to an increase of 7.50%.

Crude oil continued its decline today, marking the twelfth straight session it has seen losses and the longest losing streak it has ever seen. On the other hand, natural gas was doing quite well as it rose 8% by the end of trading.

The big news from Amazon (AMZN) today was that it officially announced what had been suspected for some time: it will be opening two new headquarters in New York and Northern Virginia that should create around 50,000 new jobs. Jeff Bezos, Amazon CEO, said, “These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Stocks fall, oil plummets 7%

Stock fell on Tuesday, while crude oil saw its longest losing streak ever…

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ExxonMobil Beats Earnings Estimates in Q3

Exxon Mobil (XOM) Corporation is a global oil and natural gas company.  Founded in 1870 and headquartered in Irving Texas, Exxon Mobil explores for and produces crude oil and natural gas, manufacture and markets commodity petrochemicals, and transports and sells crude oil, natural gas, and petroleum.

Exxon Mobil recently announced its Q3 2018 financial results and earnings. The company outshone its earnings expectations of $1.199 per share with $62 billion in earnings or $1.46 per share.

Cash flow from operations and asset sales was reported at $12.6 billion. $3.5 billion was distributed in the form of dividends to shareholders. Capital and exploration expenditures rose 10 percent year-over-year to $6.6 billion.

Oil-equivalent production was down 2 percent from third quarter 2017, but saw an increase from second quarter 2018 at 3.8 million barrels per day.

Darren W. Woods, chairman, and chief executive officer stated, “We’re pleased with the increase in production from the second quarter of 2018 recognizing it reflects contributions from just one of our key growth areas, the Permian. We expect to continue to increase volumes over time as we ramp up activity in the Permian and new projects start up.”

To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

Happy Coffee

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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ExxonMobil Earnings Increase 57 Percent to $6.2 Billion in Third Quarter of 2018

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM):..

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