Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked

Grocery Outlet Holding Corp. is poised for growth, according to Morgan Stanley analysts led by Simeon Gutman, as long as the off-price grocer can keep goods on the shelves. Morgan Stanley was among at least four analyst initiations for Grocery Outlet GO, +4.64%  on Monday; analysts there rate the stock equal-weight with a $30 price target. Grocery Outlet shares began […]

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401(k) retirees won’t buy annuities unless they are better designed

In an unusual bipartisan effort, Congress is close to passing the SECURE Act (Setting Every Community Up for Retirement Enhancement). In a key provision, the Act encourages employers sponsoring 401(k) plans to offer retirees the chance to convert their plan balances into annuities with monthly payments for the rest of their lives.  In specific, the Act establishes a safe harbor […]

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What trade war? U.S. consumer remains resilient in the face of Trump’s tariffs

While U.S. many businesses are expressing increasing concern over the effects of tariffs on imports and exports imposed by the U.S. and China, the U.S. consumer doesn’t seem to be feeling the same pain, according to a Friday research note from Bank of America Merrill Lynch. “For the last several months, retail sales have been growing at a solid pace […]

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Dow, S&P end in record territory after Powell boosts expectations for Fed rate cut

The Dow and S&P settled at an all-time highs Thursday, after Federal Reserve Chairman Jerome Powell left investors feeling fairly confident about the odds of an interest rate cut later this month. Powell testifying Wednesday before the House Financial Services Committee and Thursday in front of the Senate Banking Committee gave investors more hope that a rate cut is coming. […]

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This big Wall Street bear warns his bleak scenario for 2019 is taking shape

Why are stocks busting out all of a sudden? Last week, tariffs on Mexico increased the chances that the Fed would cut rates. Investors obviously like that. So, stocks rallied. This week, Trump backs off those same tariffs. Investors apparently like that, too. Stocks again are rallying. Josh Brown of Ritholtz Wealth Management, please explain. “The market wanted to go […]

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Stock bulls are telling themselves a lot of lies about this market

The U.S. stock market is overvalued now, period. That would be worth keeping in mind at any time, of course, but especially now with the major market averages significantly off their late-April peaks. If current valuations were reasonable, then we could count on them to provide a safety net below this market. Unfortunately we can’t. Yet many stock-market bulls contend […]

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Can Trump’s trade tussle sink a chance at the longest economic expansion in history?

So close, but so far away. The longest economic expansion in U.S. history is within striking distance but a period of escalating tariff animus between the U.S. and some of its closest global trade partners is producing headwinds to etching a record span of growth, exceeding 120 months. According to the official arbiter of U.S. economic health, the National Bureau […]

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