Hints and tips:
...“Like Warren, I had a considerable passion to get rich,” Munger told Janet Lowe for her 2000 biography of him, Damn Right. “Not because I wanted Ferraris. I wanted the independence....
...S&P Global Ratings reduced Lowe’s credit rating one notch to BBB+ from A- in response to the company’s plan to issue new debt to fund its share buybacks....
...The S&P 500 insurance subsector was down 0.7 per cent during lunchtime trading in New York, weaker than both the broader financial sector and the benchmark S&P 500, which were both up about 0.3 per cent....
...Apple was at the centre of the day’s negative mood, ending down 5 per cent on worries that demand for the iPhone has peaked, while the S&P 500 as a whole closed 2 per cent lower at 2,726.22....
...In the last five years, including the rally following the DE Shaw news, Lowe’s shares are up 170 per cent, around twice that of the S&P 500. But that still trails Home Depot by 30 percentage points....
...There is a smattering of retail results, including earnings from home-improvement chain Lowe’s, jeweler Signet, bargain chain Dollar Tree and soup-and-snack maker Campbell....
...Factors working most in its favour, he added, were increasing home prices — which rose 5.6 per cent in December from the previous year, according to a closely watched S&P/Case-Shiller report released on...
...Lowe’s is not the only high-flyer whose shares are suffering a reversal of fortunes....
...Woolworths shares closed 0.8 per cent lower today, matching the decline for the broader S&P/ASX 200 benchmark....
...The S&P 500 was up 0.8 per cent at 2,180.4 while the Nasdaq Composite rose 1.1 per cent to 5,275.6....
...Japan’s Nikkei 225 and Hong Kong’s Hang Seng are expected to open flat and Australia’s S&P/ASX 200 is tipped to fall 0.4 per cent....
...The S&P 500 rose as much as 0.6 per cent on the day before paring back all gains to 2,047.63....
...His deputy, Philip Lowe, will succeed him (like the well respected Mr Stevens he is an RBA lifer, having joined straight from university in 1980) when he officially steps down on September 18 – a decade...
...The company appointed as chief financial officer Zane Lowe, who recently held the same position at EMC....
...Kenneth Lowe, chairman of Scripps, which owns several cable channels, said the traditional bundle of cable channels was set to change. “It’s going to look different . . ....
...The S&P 500 slid 0.6 per cent to 2,067.64, the Dow Jones Industrial Average declined 0.7 per cent to 17,440.59. The Nasdaq Composite fell 1 per cent to 5,039.78....
...Quarterly earnings reports are due from retailers Lowe’s, TJX and before the bell and from tech companies Salesforce.com, NetEase and HP Inc after hours....
...The S&P 500, which had its biggest rally in a month on Wednesday, rose 0.2 per cent to 2,108.86 while the Dow Jones Industrial Average gained 0.2 per cent to 18,039.37....
...Both the S&P 500 buyback and S&P 500 dividend aristocrats indices have outperformed their namesake over the past 12 months, with the former outpacing the broader blue-chip index by nearly 650 basis points...
...Investors pushed Lowe’s higher after the home improvement retailer beat third-quarter estimates....
...(FT) Markets Data 05:34 BST Asian markets Nikkei 225 up +94.89 (+0.47%) at 20,078 Topix up +10.87 (+0.67%) at 1,630 Hang Seng down -26.28 (-0.09%) at 28,407 US markets S&P 500: -0.41% at 2,109 DJIA down...
...The S&P retail index remained up 4.6 per cent so far for the month of August, in anticipation of the earnings season, against the overall rise in the broader S&P 500 index of 2.9 per cent....
...(FT) Markets Data 05:32 BST Asian markets Nikkei 225 down -397.27 (-1.98%) at 19,662 Topix down -35.12 (-2.16%) at 1,592 Hang Seng down -264.05 (-0.93%) at 28,136 US markets S&P 500: -0.37% at 2,107 DJIA...
...The S&P 500 closed 0.1 per cent higher at 2,039.68, the Dow Jones Industrial Average was flat at 17,614.90. The Nasdaq Composite rose 0.2 per cent to 4,660.56....
...They are the first in a dozen retailers reporting this week, including Target, Lowe’s and Staples on Wednesday, and Best Buy and Dollar Tree on Thursday....
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