(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Large-cap pharmaceutical manufacturer AbbVie (ABBV) is judged to be an excellent opportunity on the long side, here and now, having sold off some 25%, right to a level of support where rebound potential is high. And on the fundamental side of things, this defensive/low-volatility stock boasts: A lower beta than the market: 0.56 vs. the SPX beta of 1.0 A lower 12-month forward P/E than the market: 14.1 vs. the SPX’s 17.5 A higher dividend yield than the market: 3.78% vs. 1.43% We’re buyers here. Our price objective is…
Author: usaeverydaylife
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February.Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went into effect. Yields dropped when Trump lowered the tariff rate on most countries hours later. Tariffs on Chinese imports, however, currently stand at 145%. But bonds began selling off again Friday, despite a cooler-than-expected inflation report. Mortgage rates follow loosely the yield on the 10-year Treasury.”There…
U.S. Attorney General Pam Bondi looks on during her first press conference at the Justice Department in Washington, D.C., U.S., Feb. 12, 2025. Craig Hudson | ReutersThe Department of Justice missed a Friday morning deadline set by a federal judge in Maryland to inform her of the Trump administration’s plan for securing the return of Kilmar Abrego Garcia from an El Salvador prison, where he has been held since being deported.The DOJ, in a filing, told District Court Judge Paul Xinis that her 11:30 a.m. ET deadline was “impracticable.” The department noted that her order came hours after the Supreme Court…
UnitedHealth CEO Andrew Witty testifies before the Senate Finance Committee on Capitol Hill in Washington, May 1, 2024.Kent Nishimura | Getty ImagesFollowing the massive cyberattack on UnitedHealth Group’s Change Healthcare unit last year, the company launched a temporary funding assistance program to help medical practices with their short-term cash flow needs, offering no-interest loans with no added fees.A little over a year later, UnitedHealth is aggressively going after borrowers, demanding they “immediately repay” their outstanding balances, according to documents viewed by CNBC and providers who received funding. Some groups have been asked to repay hundreds of thousands of dollars in…
President Trump this week directed 10 federal agencies — including the Environmental Protection Agency, the Energy Department and the Nuclear Regulatory Commission — to implement a novel procedure to scrap a wide array of longstanding energy and environmental regulations.He told agencies that oversee everything from gas pipelines to power plants to insert “sunset” provisions that would cause regulations to automatically expire by October 2026. If the agencies wanted to keep a rule, it could only be extended for a maximum of five years at a time.Experts say the directive faces enormous legal hurdles. But it was one of three executive…
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The rollout of President Donald Trump’s tariffs sent the market reeling over the past week – but the best move for those with a long-term focus might be to sit tight. Between the close of April 2 and this Tuesday, the Dow Jones Industrial Average tanked more than 4,500 points as markets sold off after Trump announced his “reciprocal” tariffs. After the president announced a 90-day reprieve on some of those high duties , the 30-stock index surged more than 2,900 points on Wednesday – up 7.87% for its biggest gain in one day since March 2020. Was there money…
An alert from U.S. Customs and Border Protection on Friday notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this week’s whipsaw in tariffs policy, and any trade from nations now under the 90-day pause put in place by the Trump administration.The alert explained that U.S. Customs discovered that the entry code for U.S. shippers to use to have their freight exempted is not working and “the issue is being reviewed.”In the alert, US Customs advised filers “to transmit…
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersPresident Donald Trump on Friday said five more law firms have struck agreements with his administration that involve them committing to at least $600 million total in pro bono work for causes the president supports.The new deals follow similar moves by numerous other law firms, which came as Trump threatens to sign punitive executive orders targeting legal offices for their past or current association with his perceived enemies.Trump on Truth Social on Friday said that four firms — Kirkland…
Apple is once again in the crosshairs of a global trade war. This time, the stakes may be even higher.On April 2, President Donald Trump signed a sweeping executive order instituting reciprocal tariffs on a wide range of imported goods, including those from China, India, Vietnam and other countries critical to Apple’s supply chain. That move sent shockwaves through global markets, wiping out over $640 billion in Apple’s market value in just five days.”It’s the most head-scratching, absurd policy move we’ve seen in years,” said Dan Ives, managing director at Wedbush Securities. “Apple is in the eye of the storm.”CNBC…
