If the president’s new tax-reform plan goes through, big companies like J.B. Hunt, Ulta Beauty, and PacWest Bancorp are going to be big winners. It’s clear how the new plan benefits big companies, but not so clear is how it will benefit you.
That’s where Shah comes in. In his latest appearance on Making Money with Charles Payne, Shah Gilani tells how the public can make money in the Russell 2000 small-cap index and even on Microsoft. He also notes that any company that currently has a high tax rate will enjoy a substantial decrease with this new plan. Watch the video to find out how…
While the country slowly starts to recover from numerous natural disasters, there was no chance to catch our collective breath. There was a Federal Open Market Committee meeting. There are threats abroad. There have been plenty of promises coming from the Administration.
The month is coming to an end, but it doesn’t appear as though anything is slowing down. With that said, I figured now would be a good time to do another Q&A.
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I found some incredible questions in the comments section and in the emails my readers send, and some of them I needed to answer. From which financials to invest in, to where you should be placing your stops, to the market’s personality, there is a lot to touch on.
Of all the data in the just-issued Federal Reserve Statistical Release Z.1: Financial Accounts of the United States Q2 report, the fact that households and non-profits have 35.7% of their total financial assets in stocks was most surprising.
That’s the second highest percentage of stock holding for households on record, compared to the high of 42% in 2007, just before markets crashed.
Watching the percentage of households’ financial assets parked in stocks increase this late in “The Most Hated Bull Market in History” is important for two reasons.
It’s either telling us that the end is near, or that this time is different.
Abercrombie & Fitch, American Apparel, CVS, JCPenney, Macy’s, and Sears are just some of the large retail brands forced to close stores this year. Earlier this week, Toys”R”Us announced its bankruptcy filing, and analysts predict 25% of all shopping malls will close within the next five years. As increasing numbers of people turn to some form of online shopping, it’s no surprise brick-and-mortar stores are suffering.
In his latest appearance on Varney & Co., Shah Gilani discusses the FOMC meeting, Amazon.Com Inc. (NASDAQ:AMZN), and the reasons behind the drastic down-turn in American retail. Amazon might be the figurehead for online shopping, but it’s not solely to blame and neither is online shopping in general. Shah details how mass production and overindulgence played key roles in this “ice age.”
What we know about Equifax being hacked is frightening.
What the public doesn’t know, however, is far more frightening. Equifax had been trying to limit its own financial exposure and culpability in the event of a hack.
Besides spending millions of dollars on lobbying, Equifax’s PAC (political action committee) has been doling out money to legislators who, in turn, write bills to protect the company from consumers suing if their data is stolen and from regulators who could investigate and fine the company in response to negligence.
In fact, the day Equifax reported it had been hacked, a House Financial Services panel was discussing a bill being pushed by Equifax to limit credit reporting companies’ liability if hacked.
The unfortunate natural disasters in Texas, Florida, and the Caribbean were thankfully not as devastating as many meteorologists had predicted.
That said, as Shah Gilani notes, “There is still a lot we don’t know” regarding the total impact of the storms on the economy and financial markets.
In his latest appearance on Varney & Co., Shah told viewers to expect the market to take some time to recover especially in a historically volatile month like September.
The market is delicate right now. News about total fatalities and property damage from the storms is still forthcoming, and that could shake up what is already an unpredictable month of trading. Florida and Texas are big players in the economy’s growth.
With all the uncertainty in the markets right now, Shah remains a long-term bull.