- Euro weakens, loonie slumps; EM equities, currencies decline
- Argentina raises key interest rate to 60% to protect peso
U.S. equities were mixed following losses in Europe and Asia as traders weighed geopolitical concerns with data showing a strong U.S. economy. The dollar rallied as consumer-spending and inflation figures signaled policy makers can keep raising interest rates.
Pfenex Inc. (PFNX) had a good day on the market for Wednesday August 29 as shares jumped 5.8% to close at $5.29. About 239,610 shares traded hands on 1,534 trades for the day, compared with an average daily volume of 203,512 shares out of a total float of 31.43 million. After opening the trading day at $4.97, shares of Pfenex Inc. stayed within a range of $5.39 to $4.97.
BankUnited Inc. (BKU) traded on unusually high volume on Aug. 29, as the stock lost 3.15% to close at $38.68. On the day, BankUnited Inc. saw 2.98 million shares trade hands on 21,523 trades. Considering that the stock averages only a daily volume of 740,348 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Unisys Corporation (UIS) had a good day on the market for Wednesday August 29 as shares jumped 9.25% to close at $18.30. About 8.93 million shares traded hands on 30,705 trades for the day, compared with an average daily volume of 711,538 shares out of a total float of 51.01 million. After opening the trading day at $18.05, shares of Unisys Corporation stayed within a range of $18.65 to $17.95.
AUD/USD Current price: 0.7306
- Receding upward momentum in equities and lower base metals’ prices led AUD lower.
- Positive US data can revive demand for high-yielding assets.
While the bull run isn’t over yet, investors are making moves—or considering moves—in their equity positions.
“We decided it was best to take one step in becoming a bit more conservative at this point in time,” says a weekly Richardson GMP market insight report.
J.P. Morgan is telling its clients that the strange uncorrelated relative performances between U.S. and international stocks will not last.
Bank of America’s top cloud computing stock pick may come as a surprise to investors. Analyst Kash Rangan says investors should be taking a closer look at top large-cap cloud growth stock pick Salesforce.com (NYSE: CRM).
The dilemma of what stocks to buy is particularly tricky right now.
If you want to own shares of companies, you’ll be getting into a market that began rising more than nine years ago and now sits near an all-time high. The bull market, now 3,453 days old, will be the longest in history by the end of trading on Wednesday. And the Standard & Poor’s 500, the broadest measure of U.S. stocks, hit a record Tuesday for the first time in six months.
Income investors like dividend stocks because owning dividend payers lets them collect predictable streams of cash year after year. By focusing on dividend stocks that grow their payouts over time, investors can even seek to build a portfolio that will produce income that rises along with costs of living.