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South Africa ETF Still Faces Credit Concerns
Monday, November 28, 2016 - 12:42pm | 488The iShares MSCI South Africa Index (ETF) (NYSE: EZA) is up 11.4 percent year-to-date, good for one of the admirable performances among single-country emerging markets exchange-traded funds, but EZA's showing should not be interpreted as a sign of easy money. South Africa is the world's...
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Trouble Down Under? S&P Threatens To Cut Australia's AAA Rating
Thursday, July 7, 2016 - 5:08pm | 236Australia is now facing the risk of losing its prestigious AAA credit rating with the S&P. The S&P Global ratings lowered Australia's outlook to negative, with fears regarding the countries debt levels. According to a report by CNBC, "S&P cited a combination of the...
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Keys To More Upside For The Turkey ETF
Friday, June 24, 2016 - 8:20am | 473Up nearly 13 percent year-to-date, the Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) is one of this year's better-performing single-county emerging markets exchange-traded funds. Turkish Delight? TUR's bullishness this year's comes amid lingering concerns about the country's...
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Starbucks' Cards Hold More Cash Than Some Banks Hold In Deposits
Thursday, June 9, 2016 - 3:49pm | 329If you think people go to Starbucks Corporation (NASDAQ: SBUX) just to throw a few dollars down for a cup of joe, than you have the culture surrounding the grounds giant greatly mistaken. A report on Marketwatch said customers of the coffee giant have loaded more than a billion dollars onto their...
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We're In The Midst Of The Third-Greatest Bull Run Of All Time
Monday, April 25, 2016 - 9:56am | 355By the end of this week, the post-Financial Crisis bull market will likely become the second longest bull market in history. It has now been 2,603 days since the S&P bottomed back in 2009. In that time, the market has surged an astonishing 209 percent. Going into this week, the current bull...
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What If S&P Downgraded China?
Friday, February 26, 2016 - 11:35am | 533Most of the recent negative rating actions in China have been focused on the deterioration of standalone corporate fundamentals. However, given the macro challenges, the number of Central SOEs (state-owned enterprises) in China investment grade and sovereign linkage – a change in China'...
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Telecom High-Yield Bonds Saw Huge Selloff In September, Surpassing Energy, Metals And Mining
Wednesday, October 7, 2015 - 1:30pm | 574September was a terrible month for high-yield bonds in general, which produced their lowest return since June of 2013. The biggest losers among major high-yield industries are no longer energy or metal and mining bonds, but telecom bonds. The high-yield market expects a 5.6 percent default rate in...
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Goldman: S&P 500 Will Hit 2,100 By Year's End
Wednesday, September 16, 2015 - 2:32pm | 404• Despite market uncertainty, Goldman Sachs predicts the S&P 500 will return to the 2100 level by the end of the year. • Goldman believes that the Fed’s first rate hike will come in December. • For now, traders should buy high-quality large-cap stocks and avoid...
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Brazil's Decline To Take A Big Toll On The Argentine Economy
Tuesday, September 15, 2015 - 4:47pm | 656Brazil’s largest commercial partner in South America, Argentina, is expected to feel the impact of its neighbor’s credit rating downgrade. Some economists believe Argentina needs to devalue its currency to catch up with Brazil. U.S.-listed Argentine stocks are reacting negatively to...
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Brazilian Real Falling Again After Monday Rally; Bovespa Still Up
Tuesday, September 15, 2015 - 4:07pm | 384The Brazilian real surged 1.7 percent on Monday after the government announced new cutbacks in its 2016 budget. After experiencing its largest single-day gain in more than one month, the currency is falling again on Tuesday. The real hit a 13-year low last week after Standard & Poor's...
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Brazilian Real, Bovespa Falling After S&P Credit Downgrade And Newly Announced Cutbacks In Public Spending
Friday, September 11, 2015 - 3:51pm | 335S&P cut Brazil's credit rating to "junk." The Finance Minister announced new cutbacks in the 2016 budget. The Real and Bovespa continue to plummet. On Thursday, Standard & Poor's downgraded Brazil’s sovereign credit rating to BB+. Although the move came...
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S&P Cuts Brazil To Junk: What It Means
Thursday, September 10, 2015 - 2:50pm | 447S&P cut Brazil's sovereign credit rating to BB+. The Bovespa index fell about 0.6 percent on Thursday. The real tumbled more than 1.75 percent. Although a downgrade was expected, the timing of the demotion was unexpected. Standard & Poor's has downgraded Brazil’s...
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Why It Might Be Time To Look At Buyback ETFs Again
Wednesday, September 9, 2015 - 4:04pm | 709During the course of the current bull market, one increasingly prominent theme has been companies' willingness to spend and spend big on share repurchase programs. Reduce shares outstanding, increase earnings per share and everyone winners – namely management and investors, is how buyback...
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Roger McNamee: 'Music Category Is More Important To Apple Emotionally Than It Is From Business Perspective'
Monday, June 8, 2015 - 1:32pm | 402Apple Inc. (NASDAQ: AAPL)’s Annual Worldwide Developers Conference started on Monday, and fans are expecting the company to make announcements regarding the launch of its music streaming service. Roger McNamee, Elevation Partners co-founder, was on CNBC Monday to discuss the importance of...
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10 Charts Every Options Investor Needs To See This Week
Monday, April 6, 2015 - 3:29pm | 943Scoreboard Last Thursday was a decent way to end a shortened and red week for the broader markets. However, markets have had two consecutive red weekly candles in a row. On the upside, the small caps bucked the trend and closed the week green. In fact, all week they had a bullish setup and...