Investment Commentary – April 16, 2019
Exciting News from Amazon! Please read below.
“Why Didn’t I Hear About This Earlier?: Investors Often Don’t Know What They’re Missing,” conceptualized and written by Affinity Asset Management Owner and President
Mark Roberts, reached the Amazon best-sellers list during its release week.
Roberts’ book reflects on how he got into the business as a financial advisor at the young age of 22 but struggled with the limitations his captive firm held him to. From there, Roberts realized he needed to do something different to stand out from the competition, so he dove into educating himself on tax-efficient strategies.
Roberts wanted to build a company in the financial services industry that had an emphasis on helping clients strategically save taxes on their investment accounts. Decades later, he says the number-one question he still gets from clients today is, “If this is that easy, then why my financial advisor hasn’t shown this to me?”
Enter “Why Didn’t I Hear About This Earlier?: Investors Often Don’t Know What They’re Missing,” where Robert covers basic strategies that could enhance one’s lifestyle and portfolio longevity. He also addresses some of investors’ fears about money, like outliving their money, stock market risk and health care expenses.
Roberts understands most investors fear what they don’t know, and don’t even know what questions to ask their adviser or how to find the right adviser. He hopes his book gives investors ideas to take back to their advisers to have a heart-to-heart conversation, starting with tax laws and efficiencies to figure out what they can do to get on the right track.
Securities and advisory services offered through Client One Securities LLC. Member FINRA/SIPC and a Registered Investment Adviser. Affinity Asset Management and Client One Securities LLC are not affiliated.
Year to Date Market Indices as of Market Close April 16th, 2019
Dow 26,452 (12.10%)
S&P 2,907 (14.81%)
NASDAQ 8,000 (19.20%)
Gold $1,278 (-1.45%)
OIL $64.16 (36.40%)
Barclay Bond Aggregate (2.57%)
Stocks close slightly higher, boosted by Qualcomm rally
Stock markets ended Tuesday slightly higher, helped by a last minute rally from Qualcomm.
The Dow closed 0.3%, or 68 points higher, while the S&P 500 inched up 0.1%. The Nasdaq ended 0.3% higher.
Chip maker Qualcomm (QCOM) was the strongest gainer in the S&P, closing 23% higher after the company reached a settlement and license agreement with Apple (AAPL).
Health care stocks were among the biggest losers of the day. UnitedHealth (UNH), HCA Healthcare (HCA) and Cigna (CI) all finishing the day lower. HCA dropped the most — about 10%. Earlier in the day, UnitedHealth’s CEO told investors on an earnings call that the “Medicare for All” proposals being discussed by Congress could “destabilize the nation’s health system.”
Shares of Qualcomm (QCOM) jumped some 16% to its highest level since October in late Tuesday trading, after the chip maker and Apple (AAPL) said they had agreed to dismiss all litigation between one another.
The two tech giants reached a six-year license agreement, starting April 2019, with a two-year extension option. Apple is also due to pay Qualcomm an undisclosed amount.
Apple shares were up 0.3%
Around the Web:
Earnings trough: Although some of the major banks that kicked off earnings season posted better-than-expected first-quarter results, earnings across the broad market are expected to decline for the first time in nearly three years. Profits for companies in the S&P 500 are expected to decline around 4% to 5% compared with the same quarter a year ago, according to FactSet.
Fed’s sweet spot: The U.S. Federal Reserve may keep interest rates unchanged through the rest of this year, although it’s prepared to consider a further increase or perhaps a rate cut if economic conditions significantly shift in coming months. That’s the takeaway that many economists had on Wednesday after reviewing minutes released from the Fed’s most recent policy meeting.
Dividend record? This year could mark the 10th annual increase in a row for dividend payments and the 8th consecutive year that they break a record, according to S&P Dow Jones Indices. Dividends are projected to rise more than 5% in 2019, based on current dividend policies of companies in the S&P 500 Index.
The views presented are not intended to be relied on as a forecast, research or investment advice and are the opinions of the sources cited and are subject to change based on subsequent developments. They are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investments.