THE SERIOUS & fUN SIDE OF BUSINESS
FEATURE: MILLENNIALS AND MONEY MONDAY
11 APRIL, 2016 MONDAY
EARNINGS SEASON IS HERE: Your full preview of this week’s big economic events
World’s poorest countries rocked by commodity slump and strong dollar
THE SERIOUS SIDE
STOCK MARKET CLOSE
DJIA 17576.96 +35.00 0.20%
Nasdaq 4850.69 +2.32 0.05%
S&P 500 2047.60 +5.69 0.28%
Gold 1240.10 +2.60 0.21%
Crude Oil 39.66 +2.40 6.44%
CBOE Volatility 15.36 -0.80 4.95%
BOND MARKET CLOSE
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First-Quarter Earnings in Focus in Week Ahead
The reporting season will kick off in earnest on Monday afternoon when unofficial bell-ringer Alcoa (AA – Get Report) reports after the close of trading. Uncertainty over how major companies fared over the quarter kept bulls on the sidelines and pushed bears to sell.
“As we start to kick into earnings season there’s going to be anxiety,” Matt Kaufler, portfolio manager at Federated Investors, told TheStreet. “There’s a general skepticism that [earnings] are perhaps steady but they’ll be unenthusiastic. Steady but uninspiring.”
The early prognosis on companies’ quarterly performances doesn’t look good. S&P 500 earnings are expected to fall 7.9% in the first quarter, their third straight quarter in decline and their worst losing streak since mid-2009. Excluding the energy sector, earnings are forecast to fall 3.6%. Only three S&P 500 sectors are expected to have positive earnings growth: consumer discretionary, telecommunications, and health care.
STOCKS IN THE NEWS
Major banks will kick off their reporting season with JPMorgan (JPM – Get Report) on Wednesday morning. Bank of America (BAC – Get Report) , BlackRock (BLK – Get Report) , PNC Financial (PNC – Get Report) and Wells Fargo (WFC) will report on Thursday morning, while Citigroup (C) is scheduled for Friday.
Other key earnings reports next week include Fastenal (FAST) and Perry Ellis (PERY) on Tuesday morning, railroad operator CSX (CSX) on Tuesday afternoon, homewares retailer Pier 1 Imports (PIR) on Wednesday afternoon, and Delta Air Lines (DAL) on Thursday morning.
Wall Street Journal
New York Times
International Business Times
Will Hedge Funds Be Around in 10 Years?
THE fUN SIDE
How To Buy Bitcoins: Is ‘Digital Gold’ Worth The Investment?
Bitcoins, virtual gold coins emblazoned with the letter B, look like the currency of video game aficionados and computer science graduates rather than a legitimate medium of exchange. But for those who are paying attention, bitcoin is beginning to look increasingly attractive as a financial tool and as an investment.
“Today, people investing in bitcoin are doing so in a speculative nature. This is for sure a high-risk, potentially high-rewarding investment,”
Why Millennials Would Take a $7,600 Pay Cut For a New Job
Nearly half of everyone’s favorite age-group to talk about—that would be millennials—are open to changing jobs in the next two years, even if they are happy at work.
It matters so much that, according to a new study by Fidelity, millennials would take an average pay cut of $7,600 if they could improve their career development, find more purposeful work, better work-life balance, or a better company culture.
Here’s How Nike Became a Platform Business
Platform businesses are disrupting the traditional business landscape in a number of ways—not only by displacing some of the world’s biggest firms, but also by transforming familiar business processes like value creation and consumer behavior and altering the structure of major industries.
Move over cat cafes, this dog cafe is all kinds of cute
Pine no more, America, your first dog cafe has arrived.
With the opening of The Dog Cafe LA Thursday, the first of its kind in the U.S., according to the owners, coffee sippers can now grab a few puppy kisses along with their lattes.
The brightly-colored cafe is home to about a dozen dogs of all sizes and ages rescued from shelters around Los Angeles, all of whom are available for adoption
How you can stay ahead of the digital marketing curve in 2016
Technology is driving what marketers can do and will be expected to do, and that trend will only continue to grow as touch-points become more diverse through enhanced mobility and the Internet of Things. As a result, it’s never been more important to be informed, and never more dangerous to be even one year behind the curve.
Change Your Habits, Change Your Life: Strategies that Transformed 177 Average People into Self-Made Millionaires
Change Your Habits, Change Your Life is the follow-up to Tom Corley’s bestselling book Rich Habits. Thanks to his extensive research of the habits of self-made millionaires, Corley has identified the habits that helped transform ordinary individuals into self-made millionaires
FEATURE: MILLENNIAL MONDAY
Value Investing Redefined: The Surprising Ways Millennials Are Changing Investing
There does seem to be one investment option that has captured the attention of younger investors: exchange traded funds (ETFs). After cash, ETFs are the most common investment held by millennials, comprising 41 percent of their portfolios, compared to 21 percent among all investors, according to a recent Schwab study.
“ETFs are far more in line with the millennial lifestyle and mindset. They’re used to getting their news in real time on Twitter. That same mentality carries over into how they view the rest of the world, financial markets included,” Staudt said.
Millennials And The Wealth Gap: What To Do When Your Friends Are Richer Than You
Wealth inequality among millennials is more pronounced than in any other American generation.
For a select few millennials, career paths are already paved with gold. One-third of Americans who earn over $500,000 a year are under the age of 35, according to market research firm FutureCast. They exist in an income bracket dominated by lawyers, executives, engineers and entrepreneurs.
Still, the vast majority of millennials, 90 percent, make less than $60,000 a year. Slower wage growth is part of the problem, particularly among those with a bachelor’s degree or less.
Generation Y, Curling or Maybe: what the world calls millennials
In Sweden they are called the Curling Generation, as parents sweep their paths free of obstacles. Illustration: Janne Iivonen
They are Generation Curling in Sweden, Generation Serious in Norway, and even Generation John Paul II in Poland. The Chinese call them ken lao zu, or “the generation that eats the old”, and the Japanese have a term scolding them for not giving undivided attention to anything: nagara-zoku, “the people who are always doing two things at once”.
More prosaically, in the US they are called millennials and in the UK and Australia they go by Generation Y. Around the world there is no shortage of descriptive epithets for those born between 1980 and the mid-1990s.
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