The S&P 500 Index had a muted week but then generated some excitement on Friday with earnings from banks such as JP Morgan and Wells Fargo, an energy sector merger announcement with Chevron and Anadarko Petroleum, and Disney’s announcement of its direct-to-consumer media service. The S&P 500 Index closed the week +0.5% higher. The …
The S&P 500 Index added to an impressive first quarter return by posting a 2.1% return in the first week of 2019’s second quarter. Economic and trade optimism buoyed equity markets. Later this week, the first quarter earnings season kicks off with major banks J.P. Morgan Chase, Wells Fargo, and PNC announcing their quarterly …
NovaPoint Capital has been named Large Cap Manager of the Year for the 13th Annual Emerging Manager Awards by Emerging Manager Monthly. The award recognizes the NovaPoint Dividend Growth Strategy as the top strategy in the Large Cap Equity category based on outstanding performance and growth. “The recognition of winning the Manager of the Year …
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The S&P 500 closed out its best first quarter since 2009. The quarter came in like a lion and went out like a lamb. The giant January rebound (+8.0%) stepped down to more normal returns in February (+3.2%) and March (+1.9%). The quarterly gain almost erased the steep decline from the fourth quarter of …
The 2.9% move in the S&P 500 Index this past week erased the previous week’s 2.0% decline. The market shrugged off global economic worries and posted its best single week since last November. The U.S.-China trade meter shifted back to optimism this week. Oil continued its advance as well. WTI Crude was +4.4% for the …
Continue reading “Upbeat Week Heading into Next Fed Meeting”
The stock market bottomed 10-years ago on March 9, 2009, signaling the beginning of a recovery from the financial crisis. Since that time, the S&P 500 Index has achieved a 400% total return, the Dow Jones Industrial Average has achieved a 402% total return, and the NASDAQ 100 has achieved a 650% total return. If …
Download our 2019 Business Retirement Plan Guide It’s not how much you make, it’s how much you keep! Our informative 2019 Business Retirement Plan Guide can assist business owners, entrepreneurs, independent contractors, sole proprietors and business professionals in selecting the best business retirement plan for their needs. From SEP-IRA’s to 401(k)’s to Cash Balance Plans, …
The S&P 500 Index advanced 0.4% last week, its fifth consecutive weekly increase. Crude oil fell 2.5% for the week. As we near the end of the quarterly earnings season, much of the fundamental news from reporting companies is out and speculation on how current macro and industry data may impact earnings for first quarter …
Continue reading “Wrapping up Earnings and Focusing on Economic Data”
US-China trade expiration is getting an extension until after Trump and Xi meet later in March. Chinese vice premier Liu He has been in Washington for negotiations all week and into the weekend. Both sides seem eager to do something constructive, but it looks like nothing will be finalized until later in March. This stops …
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Atlanta, Georgia — February 19, 2019— NovaPoint Capital has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers. “We are very pleased to have our Large Cap Dividend Growth Strategy recognized among the Top Guns,” said Joseph Sroka, Chief Investment Officer and lead …
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