You’re not alone if you have next to nothing saved for retirement. But that doesn’t mean you’re in good company.
Almost one-quarter of workers said they and their spouse combined have less than $1,000 saved for retirement, according to a report from the Employee Benefit Research Institute. Nearly half of everyone surveyed said they had less than $25,000.
Sure, $25,000 can sound like a lot. But it’s a reasonable goal to have that much stashed away by the time you’re 30 years old.
Someone in their early 30s earning $50,000 a year should have about $30,000 saved, according to one calculator. This it totally doable if that person has been saving 10% of their income annually, which is the rule-of-thumb suggested by many financial planners.
But more than one-third of those surveyed said they’re saving less than that.
When it’s time to retire, most people believe they’ll need at least $500,000. (Though, 41% couldn’t even guess how much their nest egg should be.)
stock companies: (PAT)
- [By Elizabeth Loring]
Last week Patriot One Technologies (OTCQB: PTOTF) (TSX VENTURE: PAT), the Toronto, Ontario based company that aims to limit the spread of active violence through superior detection technology by instantly identifying concealed weapons, even on moving targets. announced the appointment of Mr. John Gillies as a member of it’s Board of Directors.
- [By Sara Cornell]
In a move that should resonate well with investors, Patriot One Technologies (OTCQB: PTOTF) (TSX-V: PAT) today announced a reseller agreement with JJB Federal LLC and its specialty sales division UnitedEye Inc. Patriot One Technologies has developed PATSCAN, a first-of-its-kind concealed weapons detection system to combat active shooter threats before they occur. The agreement should help Patriot One distribute and install its concealed weapons detection system in strategic locations much faster and with greater efficiency, ultimately providing enhanced protection to citizens across the globe.
- [By Sara Cornell]
With a growing need for global security both on the national defense front as well as in the cyber security arena, Patriot One Technologies Inc., (TSX.V: PAT) (OTCQB: PTOTF) is taking advantage of increasing security demands by entering into an agreement with a strategic industry partner in order to significantly broaden its product and commercialization offerings.
stock companies: Delta Technology Holdings Limited(DELT)
- [By Jim Robertson]
On Wednesday, our Under the Radar Moversnewsletter suggested going long on small capChinese chemical stock Delta Technology Holdings Ltd(NASDAQ: DELT):
stock companies: Halliburton Company(HAL)
- [By Jayson Derrick]
Halliburton Company (NYSE: HAL) is a top energy pick for four reasons: 1) the company’s significant leverage to the U.S. onshore market, 2) potential for incremental margin growth, 3) expectations for positive earnings revision and 4) strong balance sheet and a “well respected” management team.
- [By Lisa Levin]
Halliburton Company (NYSE: HAL) reported stronger-than-expected profit for its third quarter on Monday.
Halliburton posted quarterly adjusted earnings of $0.42 per share on revenue of $5.44 billion. However, analysts expected earnings of $0.37 per share on revenue of $5.35 billion.
- [By WWW.KIPLINGER.COM]
But what really differentiates SLB from rivals such as Halliburton Company (HAL) is its client list.
Instead of focusing on North America, Schlumberger has a global portfolio, and thus its revenues are well, worldlier. Thats important, because state-owned energy firms can have a different mandate than publicly traded energy stocks. They often drill despite losses. Plus, the multitude of operating regions means some could be profitable, covering for when others are not.
stock companies: Gilead Sciences, Inc.(GILD)
- [By Laurie Kulikowski]
The company’s current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Biotechnology industry and the overall market, GILEAD SCIENCES INC’s return on equity significantly exceeds that of both the industry average and the S&P 500.
- [By Keith Speights]
Investors have turned to the pharmaceutical industry for solid dividend stocks for a long time. However, biotechs typically weren’t high on the list when it came to dividends. Over the past few years, though, Amgen, Inc. (NASDAQ:AMGN) and Gilead Sciences, Inc. (NASDAQ:GILD) have risen in prominence as attractive alternatives for dividend-seeking investors.
- [By Jack Foley]
In terms of valuation, the company’s earnings and sales multiples of 7.1 and 3.4 are still well below the industry averages. Many analysts believe the company needs robust earnings growth for the share price to rise and that’s simply not true. Firstly, EPS is guaranteed to be lifted by constant share repurchases and secondly the earnings multiple (5 year average of 21) just needs to move a tad towards its mean for the share price to move. The market is pricing in a long-term negative earnings growth rate of just under 2%. (see below). I believe it is wrong for the following reasons. (Also Read :Gilead Sciences, Inc.: Why You Should Go Long On Gilead (GILD) Stock?)
- [By Laurie Kulikowski]
As GILD continues to look for further growth drivers beyond HIV and HCV, investor focus unsurprisingly centers on future BD (optionality remains strong with $25B in cash at 3Q15). In the meantime, HCV has turned into a mammoth cash cow allowing GILD to generate ~$15.5B in FCF over the first 9 months of 2015. With ~$11B remaining in its current share repo plan paired with a $0.43/share dividend, we expect GILD to continue returning cash to shareholders.
- [By Kumar Abhishek]
The election of Donald Trump as next US President has brought in some good news for Gilead stock. Firstly, the likelihood of action against the company for “price gouging” has declined heavily. Also, Mr. Trump’sproposal to tax repatriation of cash from overseas to U.S. at a concessional rate of 10% instead of 25% can save billions of dollars for the company, if it chooses to repatriate the cash. Gilead has more that $15 billion in overseas cash. Mr. Trump’s proposal could save it around $2.2 billion in taxes. Mr. Trump’s proposal to lower corporate taxes may not have much impact on Gilead as its current tax rate is very low at 17%. (Also Read: The Rally In Gilead Sciences Inc (GILD) Stock Is Just Getting Started)
stock companies: Intersil Corporation(ISIL)
- [By Scott Rubin]
Big gainers on the day included Intersil Corp (NASDAQ: ISIL), which jumped 20 percent on news of a buyout, and Medivation (NASDAQ: MDVN), which added 20 percent on a deal with Pfizer (NYSE: PFE) related to its cancer drug. Cotiviti Holdings Inc (NYSE: COTV) lost around 9 percent in the wake of a mid-day sell-off and Marathon Oil Corporation (NYSE: MRO) fell 7 percent in the wake of a management shakeup.