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Head of world’s largest hedge fund says adoption of unorthodox monetary policy is ‘inevitable’

It has been referred to by some business experts and economists as weird science, “garbage” and “nonsense,” but Ray Dalio says that unconventional monetary policies may be required as traditional policy stumbles. In a Wednesday blog post on LinkedIn, Dalio, founder of Bridgewater Associates LP, the world’s biggest hedge fund, said the ineffectiveness of current monetary policy alone, including cutting interest rates or offering cheap financing to a select few, will make some version of strategies like so-called Modern…

CBS Expected to Earn $1.36 a Share

CBS Corp. (CBS) is expected to report quarterly earnings of $1.36 a share on sales of $4.3 billion after the market closes on Thursday, based on a FactSet survey of 25 analysts. In the same period a year ago, the company posted earnings of $1.34 a share on sales of $3.8 billion. The stock has risen 4.4% since the company last reported earnings on Feb. 14. Quarterly estimates have fallen 4.5 cents a share in the past month. CBS is currently trading at a price-to-forward-earnings ratio of 8.7 based on the 12-month…

Stocks Close Down as Fed Holds Rates Steady

Here Are 3 Hot Things to Know About Stocks Right Now Stocks end down Wednesday after the Federal Reserve left benchmark interest rates unchanged. Advanced Micro Devices (AMD)  ended lower after the chipmaker narrowly beat Wall Street's earnings forecasts. CVS Health  (CVS) posted stronger-than-expected earnings and increased the mid-point of its full-year forecast. Shares rose 5.4%. Wall Street Overview Stocks ended the day in negative territory Wednesday after the Federal Reserve decided not to…

CVS Blasts Q1 Profit Forecast, Lifts 2019 Outlook, as Aetna Impact Boosts Gains

CVS Health Corp. (CVS) posted stronger-than-expected first quarter earnings Wednesday, and boosted the mid-point of its full-year profit forecast, as the healthcare benefits manager's $69 billion purchase of Aetna begins to influence its bottom line and offset a slowdown in retail sales growth. CVS said adjusted earnings for the three months ending in March came in at $1.62 per share, rising 9.5% from the same period last year and beating the Street consensus forecast by 11 cents. Group revenues, CVS said, surged 34.8% to…

Ingersoll-Rand Expected to Earn 80 Cents a Share

Ingersoll-Rand Plc (IR) is expected to report quarterly earnings of 80 cents a share on sales of $3.5 billion before the market opens Tuesday, April 30, based on a FactSet survey of 21 analysts. In the same period a year ago, the company posted earnings of 70 cents a share on sales of $3.4 billion. The stock has risen 12.5% since the company last reported earnings on Jan. 30. Quarterly estimates have risen less than 1 cent a share in the past month. Ingersoll-Rand is currently trading at a…

Phillips 66 Expected to Earn 34 Cents a Share

Phillips 66 (PSX) is expected to report quarterly earnings of 34 cents a share on sales of $24.7 billion before the market opens Tuesday, April 30, based on a FactSet survey of 16 analysts. In the same period a year ago, the company posted earnings of $1.04 a share on sales of $23.8 billion. The stock has risen 1.5% since the company last reported earnings on Feb. 8. Phillips 66 is currently trading at a price-to-forward-earnings ratio of 10.8 based on the 12-month estimates of 18 analysts surveyed by FactSet.

Buy the Dip on Defense Stocks General Dynamics, Lockheed and Northrop Grumman

General Dynamics  (GD) , Lockheed Martin  (LMT) and Northrop Grumman  (NOC had positive reactions to earnings last week, but they drifted lower after trading higher. This weakness is a buying opportunity as President Trump wants to increase U.S. military spending. Take a core long position at the market today, then add to positions on weakness as I describe. According to the Stockholm International Peace Research Institute, U.S. military spending has risen for the first time in seven years. SIPRI pegs global military…

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