Source: ThinkstockOctober 11, 2017: The S&P 500 closed up 0.18% at 2,555.18. The DJIA closed up 0.18% at 22,872.06. Separately, the Nasdaq was up 0.25% at 6,603.55.
Wednesday was a positive, although muted, day for the U.S. exchanges with all three major indices hitting new intraday highs. Crude continued to rise after its incredible gain on Tuesday. The S&P 500 sectors were mostly positive or flat with a couple of exceptions. The best performing sectors were real estate and utilities which were up 0.55% and 0.45%, respectively. The worst performing sector was financial, down 0.21%.
Crude oil was up 0.7% at $51.29.
Gold was relatively flat at $1,295.40.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Robert Half International Inc. (NYSE: RHI) which traded down about 5% at $48.81. The stocks 52-week range is $34.42 to $51.76. Volume was over 1.9 million versus the daily average of nearly 1 million shares.
Best Financial Stocks To Buy Right Now: CBOE Holdings Inc.(CBOE)
Advisors’ Opinion:
- [By Saumya Vaishampayan
var popups = $(“.socialByline .popC”); ]Those who dabble in derivatives tied to the CBOE (CBOE) Volatility Index are placing bets that pay out if the stock market keeps swinging, and especially if it drops.
- [By Wayne Duggan]
Wall Street has been watching bitcoin this week, with the price up another 39.8 percent to above $16,000 ahead of the highly anticipated launch of bitcoin futures trading by Cboe Global Markets Inc (NASDAQ: CBOE) starting Sunday. Bitcoin has been around for years, but bitcoin futures trading will make trading a breeze for average retail investors for the first time.
- [By David Zeiler]
Bats Global Markets was acquired on Feb. 28 by the Chicago Board Options Exchange (Nasdaq: CBOE).
But the Bats BZX Exchange has had a bigger role than just serving as the place where the Winklevoss ETF will be listed…
- [By CNNMoney Staff]
Stocks continued to rally despite the fact that options trading was temporarily halted Monday afternoon at exchanges run by CBOE Holdings (CBOE), Nasdaq OMX (NDAQ), BATS Global Markets and Miami International Holdings due to issues at the Options Price Reporting Authority (OPRA), which provides trading data and price quotes.
Best Financial Stocks To Buy Right Now: Credit Suisse Group(CS)
Advisors’ Opinion:
- [By Diane Alter]
The head underwriters for the ZTO IPO are Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. (NYSE: GS). Also working on the deal are China Renaissance, Citigroup Inc. (NYSE: C), Credit Suisse Group AG (NYSE ADR: CS), and JPMorgan Chase & Co. (NYSE: JPM).
- [By Money Morning News Team]
That’s why Krauth predicts the price of gold will hit $1,400 by the end of the year. Many analysts from banks likeCredit SuisseGroup AG (NYSE ADR: CS) even see gold going as high as $1,500.
- [By Paul R. La Monica]
European banks worse off than 2008? Lamensdorf is concerned about the exposure to bad loans (especially energy company debt) held by big banks such as Royal Bank of Scotland (RBS), Credit Suisse (CS) and Deutsche Bank (DB). He’s shorting all three.
Best Financial Stocks To Buy Right Now: East West Bancorp Inc.(EWBC)
Advisors’ Opinion:
- [By Ben Levisohn]
The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.
Best Financial Stocks To Buy Right Now: Greenlight Capital Re Ltd.(GLRE)
Advisors’ Opinion:
- [By Jim Robertson]
Note that hedge fund mogul David Einhorn has been a director ofthe predecessor company since May 2006. Mr. Einhorn co-founded, and has served as the President of, Greenlight Capital, Inc., since January 1996. Funds managed by Greenlight are some ofthe Companys principal stockholders. Since July 2004, Mr. Einhorn has served as Chairman of the Board of Greenlight Capital Re, Ltd (Nasdaq: GLRE).
Best Financial Stocks To Buy Right Now: Euro/Yen(EJ)
Advisors’ Opinion:
- [By Belinda Cao]
E-House China Holdings Ltd. (EJ), a real estate brokerage, gained 9.2 percent to $9.70, extending it advance to a third week. Its American depositary receipts retreated 3.1 percent Sept. 20 from the highest level since May 2011.
Best Financial Stocks To Buy Right Now: SL Green Realty Corporation(SLG)
Advisors’ Opinion:
- [By Nelson Hem]
“Manhattan on Sale? That’s the Case With Two Cheap REITS” by Andrew Bary discusses whether Manhattan-focused real estate investment trusts Vornado Realty Trust (NYSE: VNO) and SL Green Realty Corp (NYSE: SLG) could rally as the New York market firms. Both trade at a discount to the value of private-market property deals, says the article.
