Sales & Marketing news

• Bank of America hikes its stock market forecast for 2018, but is on standby for any reason to turn bearish

  27-01-2018 19:35 via feedproxy.google.com
  Equity strategists at Bank of America Merrill Lynch raised their year-end price target on the S&P 500 to 3,000 from 2,800. 
  "We are watching for signs to temper our enthusiasm on the S&P 500," they said in a note. Still, they noted that the year right before a market peak is usually one of the most profitable. 
  They see evidence that investors aren't getting ready to exit the stock market just yet. Bank of America Merrill Lynch just got even more optimistic on the sto
  
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• Japanese crypto exchange set to repay victims of a $400 million hack

  27-01-2018 19:14 via feedproxy.google.com
  Japanese crypto exchange Coincheck is set to pay customers following a $400 million heist, according to a Bloomberg News report.
  It will reimburse the 260,000 customers who saw their NEM holdings vanish.
   
  Coincheck, a Japanese cryptocurrency exchange, is set to use its own money to pay back victims of a hack of its exchange.
  The Tokyo-based exchange said in a statement it would reimburse the 260,000 customers affected by the $400 million heist of digital currency NEM, "at a rate of 88.549
  
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• GOLDMAN SACHS: Market risk is at 'extreme' levels, and that raises a key question about the future

  27-01-2018 19:09 via feedproxy.google.com
  Market risk has reached its highest level in history, which calls into question future returns, says Goldman Sachs.
  The dynamic has been accompanied by the best-ever start to a year for stocks, while US Treasurys have been 2018's worst-performing asset, the firm says.
  Goldman argues that the macroeconomic backdrop is probably strong enough to sustain these risk levels for the time being, but other experts disagree.The market may have a risk problem.
  With an index of global stocks off to its best
  
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• A portfolio manager who has crushed his peers for the past half-decade identifies one stock every long-term investor should own (TROW, ILMN, AMZN, GOOGL)

  27-01-2018 18:44 via feedproxy.google.com
  Every long-term investor should own Amazon shares, according to David Eiswert, a portfolio manager for the $950 million T. Rowe Price Global Stock Fund.
  "A lot of the things that we bet on Amazon five or 10 years ago are more apparent to everyone today," he told Business Insider in an interview.
  One avenue to Amazon's profitability that has been overlooked is advertising, he said.Every long-term investor should own some Amazon shares, according to T. Rowe Price's David Eiswert.
  Eiswert manages t
  
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• Millennials are leading an investment revolution — and we spoke with the head of a $1 trillion provider to find out why

  27-01-2018 18:15 via feedproxy.google.com
  Millennials represent the fastest-growing segment of the exchange-traded fund market, according to a survey conducted by BlackRock's iShares business.
  Martin Small, the head of US iShares at BlackRock, which oversees more than $1 trillion, has some ideas why.
  He also explains why baby boomers have been slow to adopt ETFs and how they could be the next frontier of growth.On the website for BlackRock iShares — the world's biggest provider of exchange-traded funds — there's an embedded
  
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• Bacardi is reportedly buying Patrón in a deal valued at $5 billion

  27-01-2018 18:15 via feedproxy.google.com
  Liquor conglomerate Bacardi has agreed to buy Patrón in a deal valuing the tequila maker at $5.1 billion, according to a report by The Wall Street Journal.
  Bacardi previously owned 30% of Patrón Spirits International, according to WSJ.Patrón makes about $1.6 billion in revenue from its namesake tequila as well as a handful of other hard spirits, according to Euromonitor. 
  The deal comes a little more than six months after premium-tequila competitor Casamigos,
  
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• UBS: These 15 companies will benefit the most from tax reform

  27-01-2018 17:32 via feedproxy.google.com
  Americans should start to see the impact of the Republican tax law next month. The Internal Revenue Service has directed employers to update their income-tax withholdings to reflect the new law by February 15.
  UBS thinks certain parts of the economy will disproportionately benefit from consumers' bigger paychecks.
  "We find that lodging, entertainment, housing, other transport (i.e. air) should benefit most, with incremental growth of ~3% above prior baseline levels, followed by alcohol and new
  
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• Morgan Stanley's new managing-director list is out — read the names here

  27-01-2018 17:15 via feedproxy.google.com
  Earlier this month, Morgan Stanley announced a new class of 153 managing directors.
  The names of the newly promoted managing directors were released Monday.
  Of the new promotions, nearly 100 came from the Institutional Securities, Investment Management, and Wealth Management divisions. Ninety-five of the new MDs work in the Americas; 38 in Europe, the Middle East, and Africa; and 20 in Asia.
  The 153 promotions bests the 2017 tally of 140 and is just shy of the 156 the year before, according to
  
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• BAML: Markets are 'starting to get a little stretched' — here's how we're bracing for a sell-off

  27-01-2018 16:28 via feedproxy.google.com
   Markets are "starting to get a little stretched" as they grind higher, says James Barty, the head of global cross-asset and European equity strategy at Bank of America Merrill Lynch. 
  With US stocks already up 6% this year, Barty's team has moved the options positions they are using to protect against a sell-off to higher strike prices.
  Stocks could have another double-digit gain this year, thanks to earnings and economic growth, he said. Markets everywhere are "starting to
  
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• MORGAN STANLEY: We're convinced these 7 stocks will explode higher over the next 2 months

  27-01-2018 16:14 via feedproxy.google.com
  Morgan Stanley says corporate earnings growth, which has been a crucial driver of the stock market's record-breaking run, will start slowing around midyear.
  The firm has identified seven stocks around which it has high positive conviction this earnings season.Earnings season has been a bright spot for the stock market for several quarters. You could even argue it has been the root cause of the equity explosion that has served investors so well.
  Morgan Stanley, however, says to enjoy the profit g
  
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• Trump may have just hit a 'watershed moment' that could end in a trade war

  27-01-2018 16:03 via feedproxy.google.com
  President Donald Trump has long preferred a more protectionist trade stance.
  His administration began to move that way with new tariffs on Monday, and there is potential for more trade barriers in the coming weeks.
  Trump and administration officials also talked up the idea of a protectionist US, with some caveats, during a trip to the World Economic Forum in Davos, Switzerland.President Donald Trump's pugilistic campaign style led the then-candidate to take aim at a slew of targets in the run up
  
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• Americans are about to start paying lower taxes — here's how they're likely to spend the extra cash

  27-01-2018 15:32 via feedproxy.google.com
  Tax cuts could increase Americans' paychecks by February. 
  According to UBS, the extra cash is most likely to be spent on vacation homes, retirement plans, concerts, and travel. 
  Spending on rent could fall as more renters look to buy, UBS said. Starting in February, many Americans should see a bump in their paychecks, thanks to the recently passed Republican tax cuts. 
  They're most likely to spend the extra cash on hotels, funding their retirement plans, concerts, and sports
  
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• Bank of America has found the formula for a market meltdown — and we're dangerously close

  27-01-2018 15:11 via feedproxy.google.com
  Bank of America Merrill Lynch has identified a series of thresholds that need to be breached in order for the market to see a correction.
  The indicators in question include GDP, wage inflation, 10-year Treasury yields, and the S&P 500 equity index.
  BAML has repeatedly warned against investor overexuberance. Meanwhile, investors have poured a record $58 billion into stocks over the past four weeks.The scorching-hot stock market is fresh off yet another week of new record highs, yet one g
  
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• I spent an hour with Apple's new HomePod smart speaker — here's what it's like (AAPL)

  27-01-2018 15:00 via feedproxy.google.com
  I got a chance to demo Apple's new HomePod smart speaker.
  The $350 device went on sale Friday and will begin shipping February 9. 
  In a short demo, HomePod sounds impressive, but had a few drawbacks: a hefty price tag, limited "smart" abilities, and a reliance on Apple Music. After spending an hour demoing Apple's new HomePod smart speaker, I can say one thing with confidence: it sounds incredible. 
  I wasn't sure what to expect from the new $350 device, which became available for
  
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• Apple buying Tesla doesn't sound like a crazy idea anymore — here's why (TSLA, AAPL)

  27-01-2018 14:57 via feedproxy.google.com
  The idea that Apple should buy Tesla has been floated many times.
  Apple now has more than enough cash coming back to the US to do the deal.
  Tesla needs to be saved from its delusional idea about the company's future growth — and Apple needs to be saved from the disaster of its car project.Last November, Rolling Stone published a profile of Tesla CEO Elon Musk, written by Neil Strauss, a neo-gonzo journalist who made his name with a book about pickup culture. And in that interview Musk
  
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• There's a major hurdle to employment that many Americans don't even think about — and it's holding the economy back

  27-01-2018 14:00 via feedproxy.google.com
  Transportation presents a difficult and underreported challenge to low-income workers trying to find jobs and manage daily life in the US without a car.
  Regional Federal Reserve Banks such as the Philadelphia and Kansas City Feds are working to promote solutions for economic problems by bringing together the private sector, government, and community organizations.
  The struggles of Nichole Keyes, a 28-year-old single mother of three who works as a picker in a Pennsylvania warehouse, echo those of
  
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