Showing posts with label tax reform 2017. Show all posts
Showing posts with label tax reform 2017. Show all posts

Saturday, January 13, 2018

The Markets Continue To Advance 2 wks Into 2018

Upward trend in US markets

The US markets continues to sustain it's record breaking momentum. Rising almost 1% this week, 27k on the DOW Jones $25,803.19  +228.86 (+0.89%) will surely present itself in a timely manner. 

Despite interest rate worries earlier in the week, the S&P 500 had it 7th straight week of gains @ $2,786.24  +18.68 (+0.67%).  While the Nasdaq advanced $7,261.06  +49.28 (+0.68%) and the Russell 2000 inched upward of  $1,591.97  +5.18 (+0.33%).  

In other financial news, experts believe the 1st half of 2018 will continue in a strong manner on the heels of  4th quarter reports due out within the next few weeks. Starting with banking giant, JPMorgan Chase surpassing earnings expectations.

Boeing Co. (BA), perhaps it's their concept hyper-sonic aircraft design, maybe the future in unmanned cargo vehicles or in fact just the upswing in final orders in late December. With that combination, could explain Boeing's strong week end finish @ $335.11 +6.99 (2.13%)  

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The social media giant Facebook Inc. (FB) dipped -8.40 (4.40%) to $179.37 after announcing changes to their News-feed. These changes, will stream more personal news-feed whether than brands. Which in turn may result in less time being spend on the site.

Gold, natural gas & commodities all enjoyed a boost this week as well. 

Investors are becoming a bit more cautious as they look for a more volatile market in the near future. The assistance of the 2017 tax cuts has continued to improve economic growth and corporate earnings, in turn should fortify decent growth well into 2018.

The "2018 Wehit "Pick & Track" chart will be my own personal top 16 pick that I have an interest in. These picks, I will post as of this posting several times a week on their progress.
They are a variation of biotech, technology, cannabis and cryptocurrency entities. I am watching the performance of these stocks as part of an on-going research into these industries in 2018. Again, these are of interest to @wehit and are in no way a recommendati

WeHIT 2018 PICK & TRACK  UPDATED 01/12/2018
AMBA  Ambarella Inc $54.92 +0.25                 0.46%             
ACBFF  Aurora Cannabis Inc $8.30 -1.45                 14.87%
AVAV    AeroVironment Inc $54.07 +1.17                 2.21%
EXEL    Exelixis Inc $30.38 +0.30                 1.00%
ETH      Ethereum $1297.95                           9.89%
HIMX   Himax Techn. Inc. $10.70 -0.01                  0.09%           
HTC      HTC Corp$71.30 +1.10                 1.57%  
RIOT    Riot Blockchain Inc $21.88 +1.03                 4.94%             
SIEB     Siebert Financial Corp. $14.16 -0.69                  4.65%                  
STM     STMicroelectronics $24.23 +0.22                 0.92%                 

SYNA    Synaptics Inc. $49.76 +5.86                13.35%                 

TWMJF  Canopy Growth corp $25.91 -4.14                 13.79%           

VFFIF    Village Farms International Inc $5.76 -0.30                  4.89%                    

VRTHF  Veritas Pharma  $0.65 -0.04                 5.14%                     
VTC       Vertcoins $6.51                          16.77%  
VUZI     Vuzix Corp. $8.55 +0.55                6.88%    

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These top 5 winners and losers charts below. I will track for informational purposes. What stocks are up or down and information on their performances. 

GREEN - are UP in performances
Red - are DOWN in performances

TOP  5  WINNERs & LOSERs   01/12/2018
KODK  Eastman Kodak $9.20  +6.05                   192.06%

DST  DST Systems $83.51 +19.69                  30.85%

KEN  Kenon Holding $29.72 +6.37                    27.28%

WTW Weight Watcher$59.44 +12.53                 26.71%

CTH Community Health Systems $5.15 +1.07                   26.23%

NVTA  Invitae $7.58 -2.47                    24.58%

SVU Supervalu $16.33 -4.56                   21.83%

EXPR  Express $7.26 -1.89                   20.66%

AYI  Acuity Brands$158.74 -26.62                 14.36%

GCAP  GAIN Capital Holdings $8.40 -1.32                   13.58%


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Thursday, November 2, 2017

Fantastic Frenzy Fills the Financial World - A Day in the Financial Sector

Digital financial wave graph pointing upward
DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on my links.

   When we woke up this morning, and your alerts are going crazy.......

   Bitcoin tops $7289. Held it's ground for a bit then dip back below $7K. And like a stubborn mule it regained it's ground to settle above $7K. 

 Bitcoin Revolution
   Say what you want, I know there are skeptics who under estimate this technology & it's eventual value behind Bitcoin and other cryptocurrencies. Yet, it seems even Amazon has taken to the bug. They have recently acquired 3 domain names to utilize what maybe the set-up for future crypto payment acceptance.

Digital cryptocurrency cards future payment process
   With Amazon downplaying the purchases to a mear trade name protection move. Those names include, & 

   A few years back Amazon secured which seems to play into that speculation. 

   Amazon insist that there isn't enough demand for the digital coin to began accepting Bitcoin or any other cryptocoins as a payment outlet.

   This I believe, will be the biggest understatement for many in the near future. There will be a point of trust in the technology, where bitcoin and it's siblings will integrate seamlessly due to demand.

A man holding a sign with tax reform printed on it
  Adding to the financial whirl wind today, President Trump has disclose the administration's Tax reform plan. As it would has been expected. Plenty of fanfare on both sides. I'm so amazed how we have a government that is elected by & for the people yet allows for complete differential in accomplishing little for ALL the people. But, maybe that's just me.

   This 429 page Tax Cut & Jobs Acts reform bill entails proposals that are to enhance corporate & the middle class tax burdens. Trump is expecting a passing of the bill before Thanksgiving. 

The word Tax in big letters with a little man in frontA snippet of the bill:                                   
  • Increased Child Tax Credit
  • Corporate Tax at 35% would be cut to 20%   
  • A company can now deduct investment within same year
  • Larger standard deductions
  • A reduced Home mortgage  interest deduction
  • Eliminating the Estate Tax after doubling it 
  • Eliminating Personal Itemized & Credit deductions 
  • Eliminating Medical Expense deductions
  • Eliminating Alimony Payment deductions
  • Eliminating Student loan interest deduction
  • Changes in State & Local Tax (S.A.L.T.) deductions
  • Tax on Imports from U.S. companies
  • No changes in 401K Retirement 
   Here are just a few of the proposals on the table. As in most any reform procedures there's going to be up's & down's. It would seem that the up's and who benefits are corporations in the higher tax brackets, heirs to estates (over time), low & high income households. 

   Plus, it would seem that doing our own taxes is in our future, as they will be that simplified as to do so.

   The big loser in all this comes out to be the U.S. national debt to the tune of $1.7 trillion. 

   Let the Games begin!

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   Here's a little something on the lighter side of today's financial frenzy.  President Trump's newly picked Federal reserve chair-person Jerome "Jay" H. Powell seems like he might go through confirmation without to much distraction. 

   Seeing as he pretty much follows or rather voted along the same lines as the current chairperson Janet L. Yellen. "Jay" as Trump affectionately pinned him in this mornings press conference has been on the Fed's board since 2012. Which would lead one to believe he understand the inner workings of the financial institutions. While others feel he is more in tune to Trumps's wealth building mentality.       In Trump's own words........

President Trump pointing while speaking to the public
Trump says,

"Today is an important milestone on the path to restoring economic opportunity to the American people

   Only time will tell.  

   I say, looking at the way Wall street has been reacting since Trump's election, The wealthy will continue to become wealthier. 
They smell where the money is and go. If getting paid in the future is on your to do list. what they do!

   Touching more on the subject of picking the best stock for your portfolio, that I started in yesterday's post. Don't forget to look within your own circle. 

 Stock market for beginners
   They say, word of mouth is your best review. What about the products you use everyday. Cars was my example yesterday, but yes, things like the company that built the microwave oven you use. Or your favorite television, smartphone, computer. Believe it or not, your kids & grand-kids are a great source on whats the next new thing. What do you see other people using or talking about?

An Apple store  with the apple logoYour next best pick can in the palm of your hands, be staring right at you, speaking to you everyday.......

APPLE Inc. (APPL, +0.73%) 
Hits it's ALL-TIME high today.

Remember, INVESTing in the stock market and you own a piece of that company!

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Copyright © 2017 Andrew Hayes All Rights Reserved
                           DISCLOSURE: This post contains sponsored ads and I will be compensated if you make a purchase after clicking on my links.