China hits the United States with tariffs on $3 billion of exports

China is showing the United States that it will make good on its trade threats.

The Chinese government said that tariffs on about $3 billion worth of US imports are going into effect Monday, hitting 128 products ranging from pork to steel pipes.

It’s the latest move in escalating tensions between the world’s two largest economies, which some experts fear could turn into a trade war.

Beijing says the new sanctions on 128 US products, which it first proposed 10 days ago, are in response to President Donald Trump’s tariffs on imports of steel and aluminum from China and some other countries.

But Trump also has more measures in the works aimed specifically at China. He has announced plans to slap tariffs on about $50 billion worth of Chinese goods following an investigation by his administration into the theft of intellectual property from US companies.

It’s unclear how China will respond to those aggressive measures. The Trump administration hasn’t yet detailed which Chinese products will be affected. For now, Beijing is focusing on its response to the steel and aluminum tariffs.

China’s commerce and finance ministries said in statements late Sunday that authorities are imposing tariffs of 15% on 120 American products — such as fruits, nuts, wine and steel pipes — and 25% on eight other products, including pork and recycled aluminum.

China is upset that Trump imposed the steel and aluminum tariffs on the grounds of national security, which Beijing says is an abuse of global trade rules.

Since first announcing the metal tariffs, the White House has said it will spare a number of allies from the measures, including Canada, Mexico, the European Union and South Korea.

How soybeans could be pawns in a US-China trade war How soybeans could be pawns in a US-China trade war

China’s Ministry of Commerce said in its statement late Sunday that those exemptions “seriously violate” World Trade Organization rules that prohibit members from discriminating against other WTO members.

It said it hoped the US government would withdraw the tariffs “as soon as possible so that the trading of products between China and the United States will return to a normal track.”

China has repeatedly said that it doesn’t want a trade war but has also warned that it will take “firm and necessary” countermeasures to defend its interests.

In an opinion article Monday, China’s official news agency Xinhua warned that Trump’s plans to impose further trade measures on China are a “self-defeating gamble” that will cause harm to the American economy.

“Trump’s planned tariffs are not only going to hamper the United States’ economic well-being and continued progress, and burden its people with higher costs of living, but also pose a grave threat to the current global trading system,” the article said.

Trump has long accused Beijing of stealing American jobs through unfair trade practices. He has promised to bring down the United States’ huge trade deficit in goods with China, which reached $375 billion last year. But economists have cautioned that tariffs are unlikely to achieve that goal and risk hurting economic growth instead.

Top US and Chinese officials have been holding talks in an effort to stop the trade tensions from spiraling out of control. But so far, neither side is backing down.

Experts say they expect further retaliation from China once the Trump administration reveals more details on which products its planned $50 billion in tariffs will target.

Arthur Kroeber, a founding partner at economic research firm Gavekal, predicted in a note to clients late last month that the next round of Chinese measures will focus on US agricultural exports from predominantly Trump-voting states.

China’s approach is to show it’s willing to stand up to the United States but without going as far as seriously disrupting the global trading system, according to Kroeber.

China wants “to position itself as the good guy in the global economy, protecting the rules of the game from Trump’s lawless attacks,” he wrote.

— CNN’s Serenitie Wang contributed to this report.

More than a third of Nasdaq-100 components are in bear-market territory

The recent weakness in the Nasdaq-100 index of large-capitalization stocks traded on the exchange has wreaked havoc on its components, with about three-fourths of the stocks in the index seeing double-digit percentage declines from their most recent peaks. According to FactSet data, 35 components of the Nasdaq-100
NDX, -2.89%
are in bear-market territory, defined as a drop of at least 20% from a recent peak. Among the notable names that have seen drawdowns of this magnitude, Facebook Inc.
FB, -2.75%
has shed 20.4% while Micron Technology Inc.
MU, -3.99%
is off 21.1%. Biogen Inc.
BIIB, -2.53%
has shed about 28% from its most recent peak. In a sign of how much the index has struggled of late, just 23 of the Nasdaq-100’s components are not in correction territory, meaning they remain within 10% of their most recent peaks. Some of the index’s largest and most influential names have held their ground, preventing deeper declines in the overall index. Among the stocks not in correction territory are Apple Inc.
AAPL, -0.66%
Microsoft Corp.
MSFT, -3.01%
and Intel Corp.
INTC, -6.07%
although all three saw steep declines on Monday and are within a few percentage points of dropping into correction territory. The Nasdaq-100 itself is 11.1% below its own 52-week high, while the Nasdaq Composite Index
COMP, -2.74%
is down about 10% from its own. The Nasdaq fell 2.7% on Monday while the Dow Jones Industrial Average
DJIA, -1.90%
lost 1.9% and the S&P 500
SPX, -2.23%
was off 2.2%.

Quote References NDX -190.29 -2.89% FB -4.40 -2.75% MU -2.08 -3.99% BIIB -6.93 -2.53% AAPL -1.10 -0.66% MSFT -2.75 -3.01% INTC -3.16 -6.07% COMP -193.33 -2.74% DJIA -458.92 -1.90% SPX -58.99 -2.23% Show all references
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Hot Bank Stocks For 2019

Wells Fargo & Co (NYSE: WFC) shareholders were caught completely off guard by the extent of the companys fraudulent behavior related to its recent $185 million settlement, and now Wells Fargo CEO John Stumpf is getting taken to the woodshed by Senator Elizabeth Warren and others on the Senate Banking Committee.

SEE ALSO FROM KIPLINGER: 7 Great Credit Unions Anyone Can Join

In case youve been living under a rock, Wells Fargo must pay $185 million in settlements to quell the damage done by Wells Fargos widespread illegal practice of signing customers up for phony accounts to meet sales quotas.

Senator Warren is calling for Stumpf to take responsibility and resign. Its gutless leadership, Warren said.

WFC stock is down 8.5% since the beginning of September, and there is likely more downside in the near term.

Hot Bank Stocks For 2019: Scripps Networks Interactive Inc(SNI)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Scripps Networks Interactive (SNI) sunk to the bottom of the S&P 500–narrowly beating out Apartment Investment and Management (AIV)–as the parent company of the Food Network and other channels gave back a chunk of its post-elections gains.

    Getty Images

    Shares of Scripps Networks Interactive dropped 4.2% to $70.63 today, while the S&P 500 rose 0.8% to 2,180.39. Scripps had gained 13% from Nov. 8 through Nov. 14.

    Scripps reported net income of $607 million on sales of $3 billion in 2015.

    Barron’s David Englander recommended Scipps Networks’ former parent E.W. Scripps (SSP) back in August.



  • [By Lisa Levin]

    Discovery Communications Inc. (NASDAQ: DISCA) announced plans to acquire Scripps Networks Interactive, Inc. (NYSE: SNI) for $14.6 billion.

    Discovery will pay $90 per share in cash and stock to buy Scripps. The transaction is projected to close by early 2018.

Hot Bank Stocks For 2019: Aurinia Pharmaceuticals Inc(AUPH)

Advisors’ Opinion:

  • [By Todd Campbell]

    After positive mid-stage trial data suggested earlier this year that it might be able to reshape the treatment of kidney failure in lupus patients, Aurinia Pharmaceuticals (NASDAQ:AUPH)has announced plans for a late-stage study that could eventually allow it to win regulatory OKs in the U.S., Europe, and Japan.

  • [By Lisa Levin] Related NVCN 18 Biggest Mid-Day Losers For Wednesday Legal Overhangs Keep Ladenburg Neutral On Neovasc Despite Positive Tiara Clinical Data Boston Scientific closes Neovasc transaction (Seeking Alpha)
    Related BSX Watch These 10 Huge Call Purchases In Monday Trade Wonderful Wearables Get Their Own ETF Boston Scientific closes Neovasc transaction (Seeking Alpha) Gainers
    Neovasc Inc (US) (NASDAQ: NVCN) rose 17.3 percent to $2.65 in pre-market trading after the company reported the close of its $75 million transaction with Boston Scientific Corporation (NYSE: BSX).
    aTyr Pharma Inc (NASDAQ: LIFE) shares rose 12.3 percent to $4.10 in pre-market trading after the company disclosed 'promising' signals in myopathies with Resolaris in exploratory trials.
    Globus Maritime Ltd (NASDAQ: GLBS) shares rose 10.1 percent to $6.90 in pre-market trading after climbing 5.03 percent on Monday.
    Aurinia Pharmaceuticals Inc (NASDAQ: AUPH) shares rose 9.9 percent to $3.00 in pre-market trading. Aurinia Pharmaceuticals appointed Lorin Jeffry “Jeff” Randall to its board and Chairman of the Audit Committee.
    Ocean Rig UDW Inc. (NASDAQ: ORIG) shares rose 8.7 percent to $2.89 in pre-market trading after surging 19.82 percent on Monday.
    Full House Resorts, Inc. (NASDAQ: FLL) shares rose 5.1 percent to $2.08 in pre-market trading after declining 1.98 percent on Monday.
    Seadrill Ltd (NYSE: SDRL) rose 5.1 percent to $4.13 in pre-market trading after surging 3.15 percent on Monday.
    Noble Corporation (NYSE: NE) rose 5.1 percent to $7.60 in pre-market trading after declining 5.37 percent on Monday.
    Arbutus Biopharma Corp (NASDAQ: ABUS) rose 5.1 percent to $3.10 in pre-market trading. Arbutus issued additional data from its ARB-1467 Phase II
  • [By Lisa Levin]

    Aurinia Pharmaceuticals Inc (NASDAQ: AUPH) shares shot up 24 percent to $4.60 after the company disclosed that Voclosporin met 48-week remission endpoints.

Hot Bank Stocks For 2019: Nielsen N.V.(NLSN)

Advisors’ Opinion:

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was Nielsen Holdings PLC (NYSE: NLSN) which traded down over 9% at $33.99. The stocks 52-week range is $33.90 to $45.73. Volume was 11.3 million compared to the daily average volume of 3.8 million.

  • [By Paul Ausick]

    Nielsen Holdings plc (NYSE: NLSN) lost nearly 2.7% Friday to post a new 52-week low of $42.25 after closing Thursday at $43.41. The 52-week high is $55.94. Volume of around 6.7 million was nearly 3 times the daily average of around 2.6 million shares traded. The data research and information company had no specific news Friday.

  • [By Paul Ausick]

    Nielsen Holdings plc (NYSE: NLSN) dropped about 1.5% Thursday to post a new 52-week low of $40.97 after closing Wednesday at $41.59. The 52-week high is $55.94. Volume of around 5.2 million was about 70% above the daily average of around 3.2 million shares traded. The company had no specific news Thursday.

4 Small Cap REITs Flying Under The Radar

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-84246155&q; src=&q;×0.jpg?fit=scale&q; data-height=&q;638&q; data-width=&q;960&q;&g; Flying on board a Panther helicopter dispatched from the French frigate, Le Floreal, a crew member watches the radar for boats , during a supervision mission on January 11, 2009, in the Gulf of Aden. The Spanish government on January 9, asked parliament to approve the dispatch of up to 395 troops to the European Union&s;s naval mission to combat piracy in the Indian Ocean off the coast of Somalia. The government also asked the assembly to give the green light to contributing two ships and a patrol plane to the mission, Deputy Prime Minister Maria Teresa de la Vega told a news conference. The EU mission Atalante, a coalition that groups eight EU countries, began operations off the coast of Somalia on December 8, 2008, to try to stem the growing piracy in what is the first naval mission in the history of the bloc. The mission is currently under British command but Spain is expected to take the helm of the operation later this year. Roughly 100 ships were attacked in 2008 by Somali pirates in the Gulf of Aden, a crucial trade route used by 12 percent of the world&s;s maritime trade and 30 percent of its oil. AFP PHOTO / STEPHANE DE SAKUTIN (Photo credit should read STEPHANE DE SAKUTIN/AFP/Getty Images)

Today I&a;rsquo;m publishing my newsletter (&l;a href=&q;; target=&q;_blank&q;&g;&l;em&g;Forbes Real Estate Investor&l;/em&g;&l;/a&g;) in which I reveal the year-to-date performance of my 6 tactical REIT portfolios. One of the frequent questions that I get from my subscribers is if the Small Cap REIT portfolio will produce the same eye-popping returns as last year.

&l;p class=&q;tweet_line&q;&g;That&a;rsquo;s right, the Small Cap REIT portfolio did extremely well in 2017, returning over 22%.&l;/p&g;

Keep in mind, small-cap companies have always been riskier bets than large caps. They often do not have the diverse revenue streams or stable cash flows that allow them to weather difficult economic environments (like their larger-cap counterparts).

And, small cap stocks are more susceptible to wide swings in price due to lower trading volumes and this greater volatility deters action and often invites selling. Oftentimes many analysts and investors simply ignore the smaller names, leaving the gem mining up to the gutsier investors looking to find the next diamond in the rough.

The lack of Wall Street coverage and investor interest can also result in shares remaining undervalued – especially in down markets – for extended periods of time.

By &q;flying under the radar,&q; the small-cap REITs offer better potential for growth over the long term and due to the decreased institutional support, there&s;s a better chance that small caps will result in an underestimation of a company&s;s operational health and prospects.

&l;strong&g;4 Small Cap REITs Flying Under The Radar &l;/strong&g;

One&a;nbsp;REIT that I have been monitoring closely is &l;strong&g;CareTrust REIT&l;/strong&g; (CTRE), a healthcare REIT that spun from The Ensign Group (ENSG) in June 2014. When formed, CTRE had 100% exposure to Ensign and today the small-cap healthcare REIT has&a;nbsp;44% exposure&a;nbsp;(to Ensign).

CTRE is steadily reducing reliance to Ensign; however, it is good that CTRE&a;rsquo;s largest tenant is a leading post-acute operator that is conservatively capitalized and has significant rent coverage.

CTRE&a;rsquo;s performance has been differentiated through its partnerships with well-capitalized regional operators and operationally-focused underwriting. CTRE has focused investments on skilled nursing (72% of ABR), multi-service campuses (13%), and senior housing (14.6%).

In 2017 CTRE posted a record $310 million in new acquisitions and tapped both the equity and debt markets with robust activity in the ATM and a new $300 million 8-year bond issue finishing the year with 4.6x debt-to-EBITDA ratio. The company grew FFO by 38% over the prior year quarter to $23.6 million and normalized FAD grew by 36% to $24.5 million.

CTRE&a;rsquo;s most recent dividend of $0.185 per share, this equates to a payout ratio of 60% on FFO and 58% on FAD which represents one of the best covered dividends in the healthcare REIT sector. The current yield is 6.1%. Shares are trading at $13.40 with a P/FFO multiple of 11.3x. Analysts (using FAST Graph data) estimate that CTRE will grow FFO by 10% in 2018.

&l;a href=&q;; target=&q;_blank&q;&g;&l;img class=&q;size-medium wp-image-3009&q; src=&q;×234.jpg?width=960&q; alt=&q;&q; data-height=&q;234&q; data-width=&q;300&q;&g;&l;/a&g; Source: FAST Graphs

In May 2012, Marriott International (MAR) agreed to purchase the Gaylord Hotels division and the rights to manage Gaylord&s;s four hotels, the General Jackson Showboat, the Wildhorse Saloon and Gaylord Springs Golf Links for $210 million in cash.

The company changed its name from Gaylord Entertainment to&a;nbsp;&l;strong&g;Ryman Hospitality Properties&l;/strong&g;&a;nbsp;(RHP) when the deal was finalized and Ryman continues to operate and manage the Grand Ole Opry, Ryman Auditorium and WSM radio for the time being, stating that they are &q;iconic&q; assets, including Hee Haw.

Smaller (than its peers) in terms of the number of assets, Ryman owns and operates a network of four upscale, meetings-focused resorts totaling 8,306 rooms, many under the Gaylord Hotels brand.

These four resorts consist of the Gaylord Opryland Resort &a;amp; Convention Center in Nashville, Tennessee (Gaylord Opryland), the Gaylord Palms Resort &a;amp; Convention Center near Orlando, Florida (Gaylord Palms), the Gaylord Texan Resort &a;amp; Convention Center near Dallas, Texas, (Gaylord Texan) and the Gaylord National Resort &a;amp; Convention Center near Washington D.C. (Gaylord National).

I&a;rsquo;m have been warming up to Ryman and the concept of owning a portfolio of large group-oriented hotels. The supply and demand imbalance of large group hotels is a persistent moat, and the high-quality balance sheet suggests that the management team is focused on building a disciplined investment model.

RHP has been a top-performer year-to-date, shares have returned 13.4%. and analysts estimate (source: FAST Graphs) the company will grow FFO/share by 6% in 2018. RHP trades ar $77.45 with a P/FFO multiple of 13.7x. The dividend yield is 4.4%.

&l;a href=&q;; target=&q;_blank&q;&g;&l;img class=&q;size-medium wp-image-3010&q; src=&q;×234.jpg?width=960&q; alt=&q;&q; data-height=&q;234&q; data-width=&q;300&q;&g;&l;/a&g; Source: FAST Graphs

&l;strong&g;Easterly Government Properties&l;/strong&g; (DEA) focuses on the acquisition, development and management of class A commercial properties that are leased to U.S. government agencies through the General Services Administration.

The average age of the U.S. government&s;s owned properties is approximately 49 years. GSA-leased inventory has grown 24.0% since 1998 (as compared to an 8.1% decline for GSA-owned), and the GSA now rents more than it owns. Given recent Federal budget constraints, it is likely that the U.S. government will continue to grow its leased portfolio of assets.

Roughly, 97% of DEA&s;s current lease income is derived from the Federal government that provides the REIT with very reliable sources of income. The GSA has never financially defaulted on a lease throughout its history, and because DEA does not lease to state agencies, there are no risks related to appropriations.


In Q3-17 DEA&a;rsquo;s Board declared a dividend of $0.26 per share and this increase (in the dividend) is consistent with the company&a;rsquo;s pattern of growing the dividend by a penny every other quarter since the IPO. Since the IPO, DEA has grown its FFO/share by 7%, while extending the duration of liabilities and maintaining a conservative balance sheet.

Shares in DEA trade at $20.40 with a P/FFO multiple of 15.9x. Shares have returned -3.2% year-to-date and I find the 5.1% dividend yield attractive today. Analysts (using FAST Graph data) estimate that FFO. Share will grow by 6% in 2018.

&l;a href=&q;; target=&q;_blank&q;&g;&l;img class=&q;size-medium wp-image-3011&q; src=&q;×234.jpg?width=960&q; alt=&q;&q; data-height=&q;234&q; data-width=&q;300&q;&g;&l;/a&g; Source: FAST Graphs

&l;strong&g;City Office REIT&l;/strong&g; (CIO) was formed on November 26, 2013, to acquire, own, and operate high-quality office properties located within its specified markets in the United States. Based in Vancouver, Canada, CIO listed on the NYSE on April 11, 2014 (over three years ago) by raising ~$82 million at a price of $12.50 per share. It is the smallest office REIT in our research lab, with a market cap of around $416 million.

The company has grown from 14 properties (3.3 million square feet) to 44 and are located in San Diego, Seattle, Portland, Boise, Phoenix, Salt Lake City, Denver, Dallas, San Antonio, Austin, Houston, Tampa, and Orlando.

The company invests in high-quality office properties in mid-sized metropolitan areas with strong economic fundamentals, primarily in the southern and western United States. The acquisition strategy has concentrated on some of the fastest growing markets across the country. Industry projections indicate that these cities will continue to perform well, with healthy employment growth and limited competition from new development.

CIO&s;s management team has an average of over 20 years of experience, with over $1.8 billion of real estate acquisitions since 2011. The company internalized the management team in February 2016 and&a;nbsp;the management and board of directors own over 8% of the shares.

Analysts (using FAST Graph data) estimate that CIO will grow FFO/share by 14% in 2018. Meanwhile, shares remain mis-priced, trading at $11.56 with a P/FFO multiple of 11.5x. The dividend yield is 8/1%&l;strong&g;.&l;/strong&g;

&l;a href=&q;; target=&q;_blank&q;&g;&l;img class=&q;size-medium wp-image-3012&q; src=&q;×234.jpg?width=960&q; alt=&q;&q; data-height=&q;234&q; data-width=&q;300&q;&g;&l;/a&g; Source: FAST Graphs

I own shares in CTRE, RHP, DEA, and CIO.











General Mills, Inc. Stock Could Be a Nice Play in Choppy Markets

Investors have neglected consumer goods giant General Mills, Inc. (NYSE:GIS) for a long time. But I think it is time to start paying attention to General Mills stock.

This is a defensive name in a consumer goods market with enduring demand. The company has a massive moat, a dirt-cheap valuation, a big dividend and growth prospects that are starting to turn around.

Meanwhile, the rest of the market has growth prospects that are starting to erode.

Over the past several years, hyper-growth tech stocks like Facebook Inc (NASDAQ:FB),, Inc. (NASDAQ:AMZN), Netflix, Inc. (NASDAQ:NFLX) and Alphabet Inc (NASDAQ:GOOG) have led the S&P 500 to massive gains.

But this bull market is now 10 years old. And cracks are starting to show up in the foundation supporting the bull thesis. From Facebook’s data breach to Netflix and Amazon’s triple-digit earnings multiples to Google’s big fines, there are certainly reasons to be worried about the longevity of this bull market.

I don’t think the bull market will come to an end anytime soon. I’m largely bullish on the market heading higher, led by those growth giants.

But I also think that we are entering choppy waters. And in choppy waters, low-multiple, defensive stocks with big moats tend to hold up pretty well against prevailing turbulence.

That is why I’m finally interested in GIS stock. Here’s a deeper look.

Why General Mills Stock Is Undervalued

GIS has struggled over the past several years.

Specifically, over the past 5 years, sales have declined by roughly 2-3% per year (assuming sales this year hit consensus estimates of $15.7 billion). A big part of that decline is the fact that GIS is fighting against a secular shift away from mainstream consumer goods and towards niche, organic, healthy consumer goods.

But GIS isn’t sitting idly by and letting competitors chip away at its market share. GIS is adapting its product portfolio to be more natural, healthy and organic. Consequently, sales are starting to turn around.

After back to back years of organic sales declines, GIS has reported positive organic sales growth in back-to-back quarters. Moreover, sales are expected to be flat this year versus a 4% decline last year. Clearly, sales are inflecting upward.

Thus, it looks like the worse of the organic food headwind is in the rear-view mirror. GIS has successfully adapted its product portfolio to be relevant to today’s consumers. As such, revenues should stabilize from here on out.

Sales this year are expected to be $15.7 billion. GIS is expected to complete its acquisition of Blue Buffalo soon, and that should add another $1.3 billion in sales. That brand is also experiencing double-digit sales growth.

Overall, then, GIS should easily be able to pass $17 billion in sales in 5 years ($15.7 billion from current GIS and $1.3 billion from Blue Buffalo).

Meanwhile, margins are getting sliced right now due to higher commodity and supply chain costs. These are big headwinds, but they are short-term in nature. Soon, higher commodity costs will turn into lower commodity costs. On the supply chain front, there is a ton the company can do to offset rising logistics expenses, namely hiking prices on the consumer end.

Longer term, commodity costs will continue to fluctuate while supply chain costs should come down as automation becomes more deeply integrated into the supply chain and reduces running expenses.

Given this outlook, today’s depressed margins aren’t here to stay for the long haul. It is pretty likely that operating margins head back to their 2017 levels of around 17% over the next 5 years.

A 17% margin on $17 billion in sales implies operating profits of just under $2.9 billion in 5 years. Taking out $300 million for interest expense and 21% for taxes, you’re looking at net profits of just over $2 billion. The share count over the next 5 years should continue to come down thanks to buybacks, so that $2 billion in profits will be on presumably 550 million diluted shares. That equates to roughly $3.70 in earnings per share in 5 years.

GIS stock normally trades at 21 times earnings. A 21 multiple on $3.70 implies a 5-year forward price target of about $78, so roughly 12% annualized return from today’s level.

Bottom Line on GIS Stock

GIS stock won’t make you rich overnight. But as the market heads into choppy waters, GIS stock’s cheap valuation, big dividend and strong moat make it an attractive defensive investment.

The stock is also materially undervalued considering growth prospects are turning around.

All in all, I like GIS stock here. I’m a buyer here and lower, all else equal.

As of this writing, Luke Lango was long GIS, FB, AMZN, and GOOG. 

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This Analyst Says the Bull Market Is Ending

The current bull market is the second-longest in U.S. history, notching its ninth consecutive year of stock market growth since the recovery began in March 2009.

And we’re nearing a new, record-long bull market. If stocks don’t suffer a 20% downturn from their all-time highs on Jan. 26 before the end of August 2018, a new record will be set.

If we see a 20% decline in stocks from their Jan. 26 high, the definition of a bear market, then a lousy record will be the least of our worries.

Bull×50.jpg 75w, 500w” sizes=”(max-width: 300px) 100vw, 300px” title=”Bull market” />

Now that volatility has returned to the market – the VIX has doubled since the start of the year – investors are wondering if this bull market is finally running out of steam.

The Dow has already sunk nearly 8% since its Jan. 26 peak, and President Trump’s trade war with China is threatening to sink it even more.

And the Wall Street analyst who predicted the start of this bull market now says a bear market could be on the way…

Now Isn’t the Time to Play Momentum

The analyst is Gluskin Sheff’s Chief Economist and Strategist, David Rosenberg.

Speaking toCNBC’s “Trading Nation,” he warned the current bull market could be on its last legs.

And the brief recovery in March isn’t making Rosenberg turn away from a bearish stance. He’s adding to it.

Rosenberg toldCNBCthat themarket is in the process of making a double top, a bearish indicator that the market has little room to run higher. He strongly advised that investors avoid playing momentum right now, as new highs won’t last, and markets are likely to test their bottom ranges.

You Must Act Now: America is headed for an economic disaster bigger than anything since the Great Depression. If you lost out when the markets crashed in 2008, then you are going to want to see this special presentation…

Rosenberg sees similarities between 2008 and the current market. In both cases,stock market highsare followed by investors receiving advice to continue to follow the momentum.

As he points out, this advice surfaces at every market top. Investors are urged to abandon valuation measures and keep following stocks higher. Instead, they need to do the opposite: Pay attention to valuation, and don’t follow momentum.

The Feb. 5 plunge could serve as a warning about how quickly the market can reverse itself.

On Feb. 5, 2018, the Dow Jones Industrial Average (DJIA) witnessed its steepest one-day point drop ever when the Dow sank over 1,000 points lower.

And Rosenberg says investors are likely to see more pain than that early February decline.

In fact, Rosenberg says there are two additional reasons he’s concerned.

First, rising tensions over trade, spurred by the Trump administration’s tariffs on steel and new tariffs on China, could roil markets further.

Second, the U.S. Federal Reserve is committed to hiking interest rests, which could pull liquidity out of the market just as stocks begin to fall.

While Rosenberg is just one analyst – and we don’t necessarily agree that a bear market is imminent – we think it’s important for our readers to hear about all perspectives.

And if you’re unprepared for a serious correction or bear market, don’t sweat it. Here’s what you can do to protect yourself.

How to Protect Your Money in an Aging Bull Market

Join the conversation. Click here to jump to comments…

4 Cheap Stocks Earning Money And Paying Dividends

&l;p&g;&l;img class=&q;dam-image shutterstock size-large wp-image-1060458812&q; src=&q;×0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Shutterstock

If the price/earnings ratio of the stock is significantly below the p/e of the market as a whole — and if it&s;s&a;nbsp; trading for less than its book value, some analysts place it on the list of &q;cheap stocks.&q; Using the &l;a href=&q;; target=&q;_blank&q;&g;Financial Visualization website&l;/a&g;, I screened to see if any such stocks existed right now and I found these few. Just to be sure, I screened to see if they had steady earnings records, held reasonable debt levels and paid regular dividends. Here&s;s 4 of those that made it through the initial screens:

&l;strong&g;Entercom Communications&l;/strong&g; — they own and operate hundreds of radio stations. Audio provider. Media company. Whatever they&s;re calling it these days. With a p/e of 4 and now trading at about half its book value, this one definitely makes the cheap stock list.

&l;img class=&q;size-medium wp-image-2923&q; src=&q;×225.jpg?width=960&q; alt=&q;&q; data-height=&q;225&q; data-width=&q;300&q;&g; Entercom chart

Entercom&s;s got a 5-year record of profitability and the company made a lot of money last year. They have slightly more long-term debt than equity, a concern. The dividend comes to 3.8%. The short float is 10% — should these short sellers ever be forced to cover, it might be good for the stock. Full disclosure: I used to work with COO Weezie Kramer when we were both kids at WKQQ in Lexington, Kentucky, but I haven&s;t talked to her in about 30 years.

&l;strong&g;LG Display Company&l;/strong&g; — this South Korean technology/diversified electronics company is New York Stock Exchange traded and its price/earnings ratio right now is 5. LG is trading at 62% of its book value.

&l;img class=&q;size-medium wp-image-2924&q; src=&q;×225.jpg?width=960&q; alt=&q;&q; data-height=&q;225&q; data-width=&q;300&q;&g; LG Display chart

The dividend is 1.86%. The company&s;s levels of debt are low. Earnings have been solid both on a 5-year look and for the last 12 months. In January, Morgan Stanley analysts moved LG from &q;underweight&q; to &q;overweight.&q; The stock traded as high as 17 last summer and now sits at 11.85.

&l;strong&g;SK Telecom Co., Ltd&l;/strong&g; — the technology/wireless communications company based in South Korea trades on the New York Stock Exchange and can be purchased at an 8% discount to its book value.


&l;img class=&q;size-medium wp-image-2925&q; src=&q;×225.jpg?width=960&q; alt=&q;&q; data-height=&q;225&q; data-width=&q;300&q;&g; SKM chart

The price/earnings ratio is 6.3 and they&s;re paying a 4.05% dividend. Analysts have some concerns about next year&s;s earnings, but the company has a good 5-year record and made money last year. Debt levels are low. The stock has dropped from 29 earlier this year to 24 and change. Note that this is the 2nd Korea-based company showing up on the cheap list, for whatever reason.

&l;strong&g;Teck Resources&l;/strong&g; — with a price/earnings ratio of 7.27 and now trading at just below book value, this Canada-based basic materials/natural resources company makes the list.

&l;img class=&q;size-medium wp-image-2926&q; src=&q;×225.jpg?width=960&q; alt=&q;&q; data-height=&q;225&q; data-width=&q;300&q;&g; TECK chart.

Teck has been steadily earning money over the past 5 years and pays a .5% dividend. Long-term debt is low and short-term cash exceeds short-term liabilities. The stock moved from 14 last summer&a;nbsp; to 30 in January and has since backed off to 25.42.

None of these are buy recommendations, far from it — this is simply what you might come up with if you began to apply the kind of analysis that Benjamin Graham suggested in his books on the subject. This list is just a starting point to conduct further research into each situation. It&s;s wise to consult with a licensed financial professional before making any investment decision.


5 most popular tax deduction questions

The super-sized spending years of raising little kids andpaying big mortgages can turn into a financial advantage come April.

Just look at all those opportunities to tap intomoney-saving breaks on your tax return. Even young couples who are juggling student loan payments can crack into some tax strategies that can work.

Of course, figuring out what tax deductions and credits actually apply to you has its own set of challenges.

Some of the most frequently asked tax questions center on being a parent, owning a home, getting married and the like, according to research by TurboTax Live, which connects taxpayers online to certified public accountants and enrolled agents to address questions.

Here’s a look at some popular tax questions and answers.

1. We got marriedshould we file jointly or separately?

Many times, filing jointly is the way to go. But not always.

Federal tax rates tend to be lower for couples who file jointly and you keep valuable tax deductions and credits that you wouldn’t be able to take if youfiledseparately,according to TurboTax Live experts.

Select “married filing separately,” for example, and you’d miss out on the student loan interest deduction worth up to $2,500 and other breaks, like the child care credit and the earned income credit, too.

But some married Millennials, oddly enough, are choosing to file separately simply because they want smaller student loan payments each month.

Huh? Really?

“It took a bit for me to wrap my brain around this approach,” saidGeorge W. Smith IV, a Southfield, Mich.-based CPA.He has several married clients who are working professionals with post-graduate student loan debt, including doctors and attorneys, who are filing separately.

“Their student loan income repayment plans are all determined, annually, based on their prior year adjusted gross income.”

More: Did a tax pro botch your return? Heres what to do

More: 10 taxes you pay that are determined by where you live

Filing taxes jointly with your spouse means that your combined income is used when calculating monthly student loan payments under anincome-driven repayment plan. But filing separately from your spouse can lead to a smaller income for the calculation.

Check the type of repayment plan you have. The Income-Based Repayment and the Pay-As-You-Earn Repayment plans allow for smaller monthly payments based on separate income if you file married filing separately. But the Revised Pay-As-You-Earn Repayment plan does not and would count both spouse’s income even if you file separately.

Smith said heruns the numbers through his tax software to see the tax ramifications of filing married jointly or separately. And some clients will choose the “married filing separately” status even if it triggers a higher tax bill.

“They do the math and determine that the increase in income taxes is less than the increase in mandated loan payments, if they file jointly,” Smith said.

“It’s all about current cash flow. They understand the increase in taxes due to higher tax brackets and the loss of key deductions, such as the student loan interest deduction.”

“Cash is king to them,” Smith said. “None of them is paying down more debt due to this technique.”

So it might be helpful for some to take time to consideryour filing status.


Columnist Jennifer Jolly tests apps and help sites for finishing your taxes. Jennifer Jolly, special for USA TODAY

2.I’ve got kids, so why don’t I qualify for a child tax credit?

Yes, you could have two toddlers or even a couple kids in high school running around the house. So what? Unless you meet therequirements for the child tax credit, you’re not getting a bigger tax refund for 2017 with this one.

All families don’t automatically qualify for the child tax credit, which amounts to up to $1,000 per child under age 17 on the 2017 tax returns.

You might not get the full credit or even a partial credit, for example,if your income is $110,000 or higher on a married filing jointly return. The threshold is $55,000 for a married individual filing separately and $75,000 for someone filing a single 2017 return.

For each $1,000 of income above the threshold, your available child tax credit is reduced by $50.

Remember, if your child turned age 17 in 2017, you’re no longer eligible for the credit. Your childhad to be age 16 or younger at the end of the tax year to claim the credit.

But here’s a weird tax tip: Your kids could be worth more money on next year’s tax return.

More Tompor: Con artists take their IRS scam to the tax preparers as data theft rises 60%

More: PMI tax deduction could mean bigger tax refund: Here’s what to know

The child tax credit doubles to $2,000 for each qualifying child in the 2018 tax year. And the income thresholds go up to $400,000 for married couples filing jointly and $200,000 for all other filers.

“The new credit applies on a much higher income level,” saidLeon LaBrecque, CEO of LJPR Financial Advisers in Troy, Mich.”A lot of people will get to use it who didn’t get a child credit before.”

He noted that some families who received the credit could save more in taxes on their 2018 tax returns. LaBrecque ran one example for a single parent making $80,000 with two children under age 17 who could save an extra$475 on her 2018 return.

Patricia A. Bojanic, tax partner for Gordon Advisorsin Troy, said the new tax law makes the 2018 child tax credit more beneficial and more widely available to many parents.

The new income thresholds representa dramatic increase from the previous thresholds, she said.


The number one thing people are doing with their tax refund. Elizabeth Keatinge has more. Buzz60

3.I bought my first house in 2017 what do I need to know about my taxes?

Welcome home to a bunch of new tax breaks.

The key to unlocking these tax breaks is to be able to itemize deductions. If you itemize, you can deduct the interest you paid for your mortgage, property taxes and points paid to secure your loan, according to TurboTax.

Make sure to take a second look at what you paid for state income taxes, as well as your receipts for charitable donations, too. If you’re itemizing deductions, instead of taking the standard deduction, you want to take advantage of other tax deductions, too.

4.What changes do I need to know about owning a home for the2018 return?

Mortgage interest remains deductible. The deduction for interest would apply to new mortgage loans of up to $750,000 (or for existing mortgages up to $1 million.)

But the new tax rules will doublethe standard deduction beginning in 2018, meaning that many more people will no longer itemize.

In addition, some homeowners in high-tax areas will not be able to deduct their entire property tax bills. Beginning in 2018, there’s a new $10,000 cap on deductions for acombined amount for personal property, real estate and state and local incometaxes. The limit also applies to sales tax for taxpayers who live in states with no income tax and have been able to deduct sales tax.

Pay attention if you took out a home equity loan. Interest on home equity loanswill no longer be deductible beginning in 2018, if the loan was used on things like paying for college tuition, taking a vacation or buying a new car. The loan would still be deductible if the money goes toward building, acquiring or substantially improving the home.


When you retire, you don't want to pinch pennies. These are the 10 least tax-friendly states for retirees, according to GOBankingRates. USA TODAY

5.What do I need to know about the student loan interest deduction?

You’re entitled to just one deduction of up to $2,500 instudent loan interest,regardless of whether you file as a single or jointly. (Remember, you’re not eligible for this deduction if married filing separately.)

So if two borrowers get married, their deduction will drop from up to $2,500 each on single returns to one combined $2,500 deduction on the joint return, warnedMark Kantrowitz, publisher of

If you qualify, you wouldbe able to claim this deductionas an above-the-line adjustment to income, so you don’t need to itemize your deductions. But the deduction is phased out and eliminated based on income.

For 2017, the amount of your student loan interest deduction is gradually reducedif your modified adjusted gross income is between $65,000 and $80,000 ($135,000 and $165,000 if you file a joint return).

You cant claim the deduction if your modified adjusted gross incomeis $80,000 or more ($165,000 or more if you file a joint return). The loan cannot befrom a related person or made under a qualified employer plan.

Cari Weston, director of taxation for the American Institute of CPAs, said she remembers taking the deduction as a single person years ago and then facing the reality after getting married that the maximum deduction was “per return, not per person.”

“Why don’t we both get this?” she recalls the couple asking then.

Contact Susan Tompor: or 313-222-8876. Follow Susan on Twitter @Tompor.

How One Woman Landed Her Dream ‘Second Act’ Job In Retirement

&l;p&g;&l;img class=&q;size-large wp-image-3183&q; src=&q;×1200.jpg?width=960&q; alt=&q;&q; data-height=&q;1200&q; data-width=&q;1200&q;&g; Snowcat preparing to groom ski runs, Park City, Utah

&l;span style=&q;font-weight: 400&q;&g;An hour before the ski lifts close, Laura Sexton&a;rsquo;s dream job begins. &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;She skis the runs to check conditions. Armed with information, she sets up a master plan for the groomers on snowcats to repair and groom over 50% of the ski runs so skiers (like me) can enjoy pristine trails the next day.&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;When I learned that Sexton, lead ski-run groomer and snowcat operator at Deer Valley Ski Resort in Park City, Utah, recently retired as a senior chief hospital corpsman in the US Navy, I assumed her military experience was related to heavy equipment. Driving a snowcat to groom steep ski runs at night requires a great deal of technical and mechanical skill. &a;nbsp;&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Turns out that Sexton managed people in the Navy, not machines. Now she does both.&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Though paperwork is part of her job, Sexton&a;rsquo;s main office is the snowcat. In the quiet of the night, she&a;rsquo;s on the top of the mountain, redistributing the snow back up the hill, then tilling out the run behind her. This process makes the famous corduroy-like grooves that skiers and snowboarders love to slide on. &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;How did Sexton learn the skills to land this dream job as a snowcat operator? She used a three-step &a;ldquo;master anything&a;rdquo; process that she learned while in the Navy. It&a;rsquo;s simple but effective. &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;On-the-job training, cross training, and learning new skills is vital in the Navy. &a;ldquo;Historically, the Navy sailor was ship bound, with no means for additional outside support or services, so we have always cross-trained sailors to be able to complete multiple jobs, should they need to step into a position to complete a task or take over leading their division,&a;rdquo; Sexton said. &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;She went on to say, &a;ldquo;Additionally, without the ease of access to supplies and replenishment, they also learn to think outside the box to make sure the mission is complete, whether it is building a new part or substituting an ingredient in a galley recipe.&a;rdquo;&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;According to Sexton, the Navy uses a three-step approach to learning anything that could serve us all well:&l;/span&g;


&l;/p&g;&l;ol&g;&l;li&g;&l;span style=&q;font-weight: 400&q;&g;&l;/span&g; &l;span style=&q;font-weight: 400&q;&g;See it&l;/span&g;&l;/li&g;

&l;li&g;&l;span style=&q;font-weight: 400&q;&g;&l;/span&g; &l;span style=&q;font-weight: 400&q;&g;Do it&l;/span&g;&l;/li&g;

&l;li&g;&l;span style=&q;font-weight: 400&q;&g;&l;/span&g; &l;span style=&q;font-weight: 400&q;&g;Teach someone else&l;/span&g;&l;/li&g;



&l;span style=&q;font-weight: 400&q;&g;First, you physically observe how to complete a task as it is explained (see). Second, you perform the task (do). Then, show someone else how to do it (teach). &l;/span&g;



&l;span style=&q;font-weight: 400&q;&g;For example, sailors who are medical corpsman learn about phlebotomy (taking a patient&a;rsquo;s blood) in school by reading about it and watching a seasoned corpsman explain as they draw blood from a patient. (This is the part where I would faint and then be immediately reassigned. This is why I am a financial planner, not in the medical field.)&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Next, the trainee will perform a blood draw under the direction of the senior corpsman. Lastly, they will teach &a;mdash; both explain and show &a;mdash; another member how to do it. &a;nbsp;&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;How can you use this process personally to enhance your career or land that second-act position you covet? If you want to continue to work past retirement age, whatever that might mean to you, you may have a lot of competition with younger employees vying for your job. &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;If you want to change jobs to your dream retirement position, you can bet others want that job, too. You aren&a;rsquo;t the only one that wants to keep working either full or part-time past the traditional retirement age. &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Many people want to (or need to) work in retirement, according to the &l;/span&g;&l;a href=&q;; target=&q;_blank&q;&g;&l;span style=&q;font-weight: 400&q;&g;18th Annual Transamerica Retirement Survey of Workers&l;/span&g;&l;/a&g;&l;span style=&q;font-weight: 400&q;&g;. Only 26% of Baby Boomers plan to retire completely when they reach a particular age or amount of money saved, and a majority of Boomers plan to keep working (at least part-time) in retirement, the report says.&l;/span&g;

&l;span style=&q;font-weight: 400&q;&g;Here are some ideas on how to create your dream second act in life:&l;/span&g;


&l;b&g;Develop expertise. &l;/b&g;

&l;span style=&q;font-weight: 400&q;&g;Learn a skill now needed for your dream job later. &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;For example, say you want to become a financial planner in retirement. Start learning now and develop a vital area of expertise, such as income taxes. Become a tax preparer as a seasonal side job to gain knowledge and expertise in this important area. &a;nbsp;&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Learn from a seasoned tax professional and help her prepare returns and counsel clients on tax reduction strategies during her busy season. Then, when you are ready to start your second-act career, you have the depth of experience in a marketable skill.&l;/span&g;


&l;b&g;Get your foot in the door.&l;/b&g;

&l;span style=&q;font-weight: 400&q;&g;Chances are competition will be stiff for interesting and well-paying second-act jobs and part-time jobs for retirees. Start somewhere so you can be ready when the time comes.&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Who gets the first table available at a busy cafe? It&a;rsquo;s the one who hovers, isn&a;rsquo;t it? A cafe-goer who is focused, ready, and in the proximity will get the next table. Same applies to your dream retirement job. &l;/span&g;

&l;span style=&q;font-weight: 400&q;&g;In my case, I was able to relocate from northern California with my former employer to my dream retirement spot, Park City, Utah, since I traveled 50% of the time anyway. A few years later, a coveted position in my field opened up in Salt Lake City, so I pounced on it. Now I live, work, and play in a resort ski town that is a prime retirement spot for many.&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Get to know the right people, have the right skills and position yourself to be in the right place at the right time. &l;/span&g;


&l;b&g;Become proficient. &l;/b&g;&l;span style=&q;font-weight: 400&q;&g;&a;nbsp;&l;/span&g;

&l;span style=&q;font-weight: 400&q;&g;One of the guys on the snowcat operator team looked me in the eye and said, &q;Laura is well respected. She really knows her stuff.&q; In order to land and keep your dream job, stay on top of your industry, both in terms of technical knowledge and the communication skills needed to excel in the modern workplace.&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;While interviewing her for this story, I got to ride with Sexton in a snowcat at night during her shift. In a ski resort town, it&a;rsquo;s everyone&a;rsquo;s dream to ride in one of the groomers, and I did it! &l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;Who has the dream job? I guess I have one, too. &a;nbsp;&l;/span&g;


&l;span style=&q;font-weight: 400&q;&g;What&a;rsquo;s your dream job, and how are you going to land it?&l;/span&g;

Top 10 Value Stocks To Invest In 2018

Warren Buffett’s Berkshire Hathaway Inc. was a big winner from the recent tax overhaul.

Book value, a metric he’s called a “crude, but useful” way to track the conglomerate’s worth, climbed 13 percent to $211,750 per Class A share at the end of 2017 compared to three months earlier, the company said Saturday in a statement. Analysts at Barclays Plc last month predicted that the measure of assets minus liabilities would rise as Berkshire lowered its tax liability on some appreciated investments. Buffett got a $29 billion boost to net earnings in the fourth quarter from the tax code changes.

Buffett had a mixed reaction to the tax overhaul passed by Congress last year. In January, he praised how the changes mean business owners will get a bigger share of profits and said he would have voted for it as a representative of Berkshire’s investors. Still, when asked if he would have encouraged legislators to support or fight it, Buffett said he would have gone with a different bill. The billionaire investor has long advocated for higher taxes on the wealthy, while the new law reduced the top income-tax rate.

Top 10 Value Stocks To Invest In 2018: Viacom Inc.(VIA)

Advisors’ Opinion:

  • [By Douglas A. McIntyre]

    The Pillsbury Doughboy is the mascot of the Pillsbury Company, which is owned by General Mills (NYSE: GIS) and J.M. Smucker (NYSE: SJM). The Doughboy was created by Pillsburys advertising agency almost 50 years ago. Pikachu are characters owned by The Pokemon Company International and appear in card games, video games, TV shows, movies and comic books. Founded in 1998, the Japanese company has achieved total games sales of almost 280 million. SpongeBob SquarePants was created for Nickelodeon, which is owned by Viacom (NASDAQ: VIA). The show premiered in 1999 and has spawned movies, video games and theme park rides. Ronald McDonald is a c

  • [By Keith Noonan]

    While 2016 played host to a range of films that underperformed, the biggest flops belonged to Disney (NYSE:DIS), Viacom (NASDAQ:VIA) (NASDAQ:VIAB) and Lions Gate Entertainment (NYSE:LGF.A). Click through the presentation below to get the details on the year’s five biggest film flops and to learn what last year’s movie misfires mean for the companies involved.

Top 10 Value Stocks To Invest In 2018: Approach Resources Inc.(AREX)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Friday, energy shares fell 0.83 percent. Meanwhile, top losers in the sector included Teekay Offshore Partners L.P. (NYSE: TOO), down 10 percent, and Approach Resources Inc. (NASDAQ: AREX), down 8 percent.

Top 10 Value Stocks To Invest In 2018: (PIONF)

Advisors’ Opinion:


    International Lithium (ILC) is a small lithium explorer/project generator with four joint venture lithium projects, and one fully-owned lithium project:

    Mariana lithium brine in Argentina (20% ILC: 80% GFL). ILC can increase to 30% via a 10% back-in right. Jiangxi Ganfeng Lithium (GFL) is committed to US$10m in expenditures at Mariana. This is their flagship project. Avalonia lithium pegmatite in Ireland (45% ILC: 55% GFL). GFL has the option to acquire an additional 24% after spending US$10m, or producing a Feasibility Study [FS]. Mavis Lake and Raleigh lithium pegmatite in Ontario Canada (49% ILC: 51% Pioneer Resources Limited (OTC:PIONF)). 100% of the Forgan Lake pegmatite project in Canada.

    Note that Avalon, Mavis Lake, Raleigh, and Forgan Lake also have rare earths. Jiangxi Ganfeng Lithium (SHE:002460) has an 18.1% stake in ILC in addition to the above joint venture partnerships.

Top 10 Value Stocks To Invest In 2018: Nu Skin Enterprises Inc.(NUS)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Citigroup’s Beth Kite calls Nu Skin Enterprises’ (NUS) earnings and guidance “awfully disappointing.” She explains why:

    “Frustrating” Describes 4Q15 & 2016 Guidance:Nu Skin (i) reported 4Q15 EPS of $0.62, 11 cents below consensus and us, and (ii) lowered 2016 EPS guidance, from $3.25-$3.40 to $2.40-$2.60.Nu Skin had three LTO’s in 4Q152 succeeded and 1 failed. The failure had far less to do with the product than with the sales strategy…

    Is Guidance Too Conservative or Is It Really This Bad? We get that Me failed to sell well in South Korea with the 12-month cartridge commitment. But given the strength in reps globally, the strength of Youth from its two LTOs in 2H15, and good results from Me when sold in Japan without the 12-month commitment, we wonder if guidance is aggressive to the downside. Indeed, the word “conservative” was said a lot by mgmt on the brief earnings call when describing guidance revisions.

    Maintaining Buy: While we now have less confidence in mgmt, from an external perspective, to forecast its results accurately, and from an internal perspective, to course correct quicklyi.e., why didn’t they drop the 12-month plan for Me in South Korea when it so obviously wasn’t workingwe are still confident in Youth & Me. The rep growth in South Asia/Pacific from Youth in 3Q led to better 4Q sales than we’d expected, Youth’s Americas LTO in 4Q drove lc sales up 26% YoY, and Me not only sold through in Japan in 4Q but also drove reps higher. We imagine that investors may have little patience or confidence in Nu Skin for a while, understandably. But the bar seems set fairly low now, so we are cautiously optimistic that Nu Skin can dig itself out of this hole as we go through 2016 and Me & Youth roll out more fully.

    Shares of Nu Skin have tumbled 13% to $27.31 at 2:11 p.m. today.

  • [By Roberto Pedone]

    Nu Skin Enterprises (NUS) is a direct selling company, which develops and distributes personal care products and nutritional supplements that are sold under the Nu Skin and Pharmanex brands. This stock closed up 5.4% at $92.96 in Monday’s trading session.

    Monday’s Volume: 2 million

    Three-Month Average Volume: 900,802

    Volume % Change: 85%

    From a technical perspective, NUS ripped higher here right above some near-term support at $85 with heavy upside volume. This move pushed shares of NUS into breakout and new 52-week-high territory, since the stock took out some near-term overhead resistance levels at $88.20 to $89.69. This move also pushed shares of NUS above the upper-end of its recent range that saw the stock trend between $82 to just above $89.

    Traders should now look for long-biased trades in NUS as long as it’s trending above support at $85 and then once it sustains a move or close above Monday’s high of $93.33 with volume that this near or above 900,802 shares. If we get that move soon, then NUS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $100 to $105.

  • [By Craig Jones]

    Nu Skin Enterprises, Inc. (NYSE: NUS) is trading sharply higher on Friday, but options traders are buying puts in the name, said Jon Najarian. Traders were buying the June 50 puts and they paid around 6 percent for them, so they don't see much upside in Nu Skin Enterprises, explained Najarian. He followed the trade and he is planning to hold the position for a month.

  • [By Scott Rubin]

    Stock gainers included Mercadolibre Inc (NASDAQ: MELI), up almost 14 percent, and Nu Skin Enterprises, Inc. (NYSE: NUS), which added 12 percent. The positive gains in both stocks were due to strong earnings reports. Shares of Liberty Interactive Group (NASDAQ: QVCA) plunged almost 22 percent on Friday due to disappointing sales growth in its fiscal second quarter. Pharmaceutical giant Bristol-Myers Squibb Co (NYSE: BMY) lost 16 percent after a disappointing study involving its Opdivo drug.

  • [By ]

    Nu Skin Enterprises (NYSE: NUS) is benefiting from two key trends: its strong presence in Asia where it books 79% of its revenue and leading brand awareness with millennials. The company has increased its dividend every year since 2001, now paying a 2% yield, and maintains a share repurchase program that returns excess cash to shareholders.

Top 10 Value Stocks To Invest In 2018: MGM Resorts International(MGM)

Advisors’ Opinion:

  • [By Ben Levisohn]

    MGM Resorts International (MGM) always had two things going for it: It’s large Las Vegas footprint to counter the weakness in Macau, and it’s real-estate, which it spun off into MGM Growth Properties (MGP). But when MGM reported weaker than expected earnings this morning, it wasn’t a good sign that Las Vegas was disappointing. Wells Fargo’sCameron McKnight explains:

    Getty Images

    Q4 Las Vegas EBITDA of $365mm was 10% ($40MM) below the Street. Las Vegas 4Q RevPAR growth of +3% was in-line with guidance, but below our expectations and industry data. For the 1Q17, MGM provided RevPAR guidance of 7%, a point or two below our expectations. We estimate revenue growth per visitor was +1.5% yr/yr. RevPOR (other revenue per occupied room) growth was +1.5%. We estimate expenses were +1% yr/yr. We expect the stock to be trade down on this morning’s release. While forward guidance was tepid, MGM missed Las Vegas expectations.

    Shares of MGM Resorts International have tumbled 7.3% to $27.45 at 11:37 a.m. today, while MGM Resorts Properties has declined 0.3% to $25.58.

  • [By Ben Levisohn]

    With companies like Under Armour (UAA), MGM Resorts International (MGM), andUnited Parcel Service (UPS) reporting tomorrow, we thought we’d get a jump start on the stocks moving after today’s close:

  • [By Wayne Duggan]

    Bernstein maintains Outperform ratings on Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and the China units of Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM).

  • [By Travis Hoium]

    MGM Resorts (NYSE:MGM) has also taken a fairly aggressive approach to Japan, releasing renderings of what its casino might look like in Osaka. And given the company’s renewed financial health, it’s possible it would be a good bet to win a gaming concession.

  • [By Lisa Levin]

    Some of the stocks that may grab investor focus today are:

    Wall Street expects Avon Products, Inc. (NYSE: AVP) to report quarterly earnings at $0.10 per share on revenue of $1.62 billion before the opening bell. Avon Products shares rose 2.39 percent to $6.00 in after-hours trading.
    Analysts expect MGM Resorts International (NYSE: MGM) to report quarterly earnings at $0.20 per share on revenue of $2.44 billion before the opening bell. MGM shares rose 1.01 percent to $29.90 in after-hours trading.
    Cisco Systems, Inc. (NASDAQ: CSCO) reported better-than-expected results for its second quarter and raised its quarterly dividend to $0.29 per share. Cisco shares rose 2.13 percent to $33.52 in the after-hours trading session.
    Before the markets open, Dean Foods Co (NYSE: DF) is projected to report its quarterly earnings at $0.41 per share on revenue of $2.01 billion. Dean Foods shares rose 0.49 percent to $20.55 in after-hours trading.
    Tripadvisor Inc (NASDAQ: TRIP) posted weaker-than-expected results for its fourth quarter on Wednesday. Tripadvisor shares dropped 5.60 percent to $49.75 in the after-hours trading session.
    Analysts are expecting Waste Management, Inc. (NYSE: WM) to have earned $0.77 per share on revenue of $3.42 billion in the latest quarter. Waste Management will release earnings before the markets open. Waste Management shares rose 2.27 percent to $72.97 in after-hours trading.

    Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.

  • [By Jon C. Ogg]

    MGM Resorts International (NYSE: MGM) is also a top pick for the first quarter, and Merrill Lynch’s price objective of $33.00 was versus a recent price of $28.50. The consensus analyst target price is a tad higher at $33.86.

Top 10 Value Stocks To Invest In 2018: HSBC Holdings plc(HSBC)

Advisors’ Opinion:


    Up first on our list of financial sector breakout trades is $156 billion global bank HSBC Holdings plc (HSBC) . Don’t get fooled by the headline numbers in HSBC this year – shares may be hovering around breakeven year-to-date, but they’re up more than 35% from their April lows. And after tracking sideways for the last couple of months, HSBC is back in breakout mode this week.

  • [By Elizabeth Balboa]

    Here are the top 10 financial bodies investing in lobbying in 2017:

    American Bankers Association: $5.6 million
    Securities Industry & Financial Market Association: $3.5 million
    Financial Services Roundtable: $3.0 million
    Independent Community Bankers of America: $2.7 million
    Association of International CPAs: $2.6 million
    Citigroup Inc (NYSE: C): $2.5 million
    Investment Company Institute: $2.4 million
    S&P Global Inc (NYSE: SPGI): $2.4 million
    Credit Union National Association: $2.4 million
    HSBC Holdings plc (ADR) (NYSE: HSBC): $2.4 million

    Dozens of others spent more than $1 million, including Ally Financial Inc (NYSE: ALLY), Visa Inc (NYSE: V) and Navient Corp (NASDAQ: NAVI).

  • [By Money Morning News Team]

    And the Aramco IPO is making progress. On Feb. 7, the Saudi Arabian oil company hired Moelis & Co. (NYSE:MC) as its IPO advisor. Then on Feb. 21, the company hired the lead underwriters for the IPO. Wall Street stalwarts JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS), and HSBC Holdings Plc. (NYSE ADR: HSBC) won the lucrative underwriting contracts.

Top 10 Value Stocks To Invest In 2018: Cognizant Technology Solutions Corporation(CTSH)

Advisors’ Opinion:

  • [By Monica Gerson]

    Cognizant Technology Solutions Corp (NASDAQ: CTSH) is estimated to report its quarterly earnings at $0.79 per share on revenue of $3.23 billion.

    CIGNA Corporation (NYSE: CI) is projected to report its quarterly earnings at $2.15 per share on revenue of $10.00 billion.

  • [By Shanthi Rexaline]

    The industry — valued at over $150 billion and comprising companies such as Wipro Limited (ADR) (NYSE: WIT), Cognizant Technology Solutions Corp (NASDAQ: CTSH), Infosys Ltd ADR (NYSE: INFY) and Tata Consultancy Services — has thus far been competing effectively on certain unique selling propositions such as low-cost technology skills and high quality manpower.


    And Elliott could be pressuring two public companies to combine. One company that analysts contend could be interested in buying Advisory Board’s healthcare business, which represents about 80% of the company, is Cognizant Technology Solutions (CTSH) . The Teaneck, N.J.-based business has been under pressure in recent months by Elliott Management to take on more leverage to help fund research and M&A. 

  • [By Keith Speights]

    That’s a pretty good definition of leadership, but it’s not an easy one to accomplish. However, the CEOs of Celgene (NASDAQ:CELG), Cognizant Technology Solutions (NASDAQ:CTSH), General Electric (NYSE:GE), MasterCard (NYSE:MA), and Texas Instruments (NASDAQ:TXN) have been able to achieve this translation very well.

Top 10 Value Stocks To Invest In 2018: Surgical Care Affiliates, Inc.(SCAI)

Advisors’ Opinion:

  • [By Lisa Levin]

    Surgical Care Affiliates Inc (NASDAQ: SCAI) shares were also up, gaining 16 percent to $56.55 after UnitedHealth Group Inc. (NYSE: UNH) disclosed that its unit agreed to acquire Surgical Care Affiliates for around $2.3 billion.

Top 10 Value Stocks To Invest In 2018: Westar Energy, Inc.(WR)

Advisors’ Opinion:

  • [By Dan Caplinger]

    Yet even on a good day, some stocks couldn’t keep up, and Ocwen Financial (NYSE:OCN), Westar Energy (NYSE:WR), and United Rentals (NYSE:URI) were among the worst performers. Below, we’ll look more closely at these stocks to tell you why they did so poorly.

  • [By Lisa Levin]

    On Thursday, utilities shares rose by 0.02 percent. Top gainers in the sector included Westar Energy Inc (NYSE: WR), Westar Energy Inc (NYSE: AT), and NRG Energy Inc (NYSE: NRG).

  • [By Jayson Derrick]

    According to a report by Bloomberg, Westar Energy Inc (NYSE: WR) is a potential takeover target from rival Ameren Corp (NYSE: AEE) and a consortium of investors, including Toronto-based Borealis Infrastructure Management and the Canada Pension Plan Investment Board.

  • [By Lisa Levin]

    In trading on Thursday, utilities shares fell by 0.34 percent. Meanwhile, top losers in the sector included Westar Energy Inc (NYSE: WR), down 7 percent, and Companhia de Saneamento Basico (ADR) (NYSE: SBS), down 5 percent.

Top 10 Value Stocks To Invest In 2018: Sanofi(SNY)

Advisors’ Opinion:

  • [By Stephen Mack]

    JNJ has recently made substantial investments in its pharmaceuticals pipeline. Most notably, in January the company beat Sanofi SA (NYSE: SNY) to buy a stake in Swiss drug company Actelion. The pairing is a perfect match, as it bulks up Johnson & Johnson’s pipeline, and gives Actelion the reach of a global powerhouse.

  • [By Ben Levisohn]

    Hopes were high for MannKind (MNKD) when its inhaled insulin Afrezza was approved by the FDA more than two years ago. At the time, Barron’s warned that it was time to dump MannKind’s shares, something that now seems prescient, as its shares have since tumbled 95%. No wonder, as the news since then has been far from good. MannKind found a partner in Sanofi (SNY), only to get dumped in early 2016, and has since been forced to sell property to raise cash. And now MannKind could be on the verge of being delisted from the Nasdaq due to its sub $1 stock price. What now? Piper Jaffray’sJoshua Schimmer and team see a reverse stock split in MannKind’s future:

  • [By Diane Alter]

    Basically, the Phab 2 Pro allows users more ways to explore no matter where they are or go. Lenovo shares were 1.82% at $12.89 in today’s (Thursday) morning session.

    CES Companies to Watch, No. 4: Sony (NYSE: SNY)

    Sony Corp ADR (NYSE: SNE) ventured into the OLED television space with its new A1E series unveiling. The new TVs come in 55, 65, and 77 inch sizes, run on Android, and work with Google Home. Sony said that moving to OLED allows it to offer a TV with “unprecedented black levels, rich and lifelike color, dynamic contrast, blur-less image, and a wide viewing angle.”

  • [By ]

    If thats not enough excitement for you, French drug maker Sanofi SA (NYSE:SNY) announced it’s buying Bioverativ (NASDAQ:BIVV) for $11.6 billion. The deal pushed BIVV shares up more than 60% by the closing bell.