The U.S. stock market has proven to be an historic juggernaut, and its stellar performance this year, as this table shows, only solidifies its reputation as top dog:
Or does it?
Investors would be forgiven for feeling jittery heading into an earnings season where sky-high valuations tangle with results that are expected to show slowing growth. So maybe some peace of mind will come with moving investment cash overseas.
In that case, Accuvest Global Advisors is here to help.
The investment manager, in our call of the day, just released its latest country ranking and the U.S. comes in fourth, behind China, Russia and Norway.
“China shows positive and improving momentum,” writes Accuvest portfolio manager James Calhoun. “This blends nicely with persistently strong fundamentals and undemanding valuations.”
There are plenty of ways to gain exposure to China, including popular vehicles like the iShares China Large Cap ETF FXI, +1.23% the biggest of all Chinese ETFs, and the iShares MSCI China ETF MCHI, +1.45% For a more internet-focused approach, check out the KraneShares CSI China Internet ETF KWEB, +1.93% KWEB, +1.93%
For Russia and Norway, these funds may be worth a look: The VanEck Vectors Russia RSX, +0.47% RSX, +0.47% the iShares MSCI Russia Capped ETF ERUS, +0.20% the iShares MSCI Norway ETF ENOR, +0.15% and the Global X Norway ETF NORW, +0.54%
Back here in the States, stocks are looking steady premarket.
Futures on the S&P 500 ESM9, +0.01% Nasdaq Composite NQM9, -0.03% and Dow Jones Industrial Average YMM9, +0.06% are in hover mode to kick off the week. Crude oil US:CLU8 is in the red, as are both gold US:GCU8 and the dollar DXY, -0.08% DXY, -0.08%
Europe stocks SXXP, +0.11% are a touch higher. Asian equities gained, bolstered by the Shanghai Composite SHCOMP, -0.34% rallying on signs the U.S. and China are closing in on a trade deal after months of negotiations.
Tiger Woods made a lot of people happy Sunday when he won his fifth Masters title. Perhaps nobody was happier than the folks at Nike NKE, +1.46% The sponsor that stuck with Tiger through the dark times capitalized on his epic victory by releasing an ad within minutes of the final putt dropping in the cup. Oh, and somebody else is really happy about his win (see “The stat” below.)
Goldman GS, +2.47% soundly beat earnings expectations and shares are moving up, with Citi
Some Merger Monday action with Waste Management WM, +1.21% announced a $4.9 billion deal, to buy its smaller rival Advanced Disposal Services ADSW, +1.16% , whose shares are taking off like a rocket.
Huawei Technologies says it’s “open” to selling 5G smartphone chips to Apple AAPL, -0.04% In a CNBC interview that aired late Sunday, the Chinese tech giant’s founder and CEO Ren Zhengfei said the company would consider selling its next-generation mobile chips to other smartphone makers, in a potentially big shift in strategy. “We’re open to Apple in this regard,” he said.
Pete Buttigieg didn’t let freezing rain get in the way of his formally announcing his bid for the presidency Sunday. “One day they will write histories, not just about one campaign or one presidency but about the era that began here today, in this building, where past, present, and future meet,” he told the crowd. “It’s cold out, but we’ve had it with winter. You and I have the chance to usher in a new American spring.”
Powerful storms swept across the South over the weekend after unleashing suspected tornadoes and flooding that killed at least eight people, including three children, and also injured dozens and flattened much of a Texas town.
$1.19 million — That’s how much one lucky better took home by betting $85,000 that Tiger would win the Masters, according to ESPN. “It’s great to see Tiger back,” Nick Bogdanovich, director of trading at sportsbook William Hill, said in a release. “It’s a painful day for William Hill — our biggest loss ever — but a great day for golf.”
“If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%” — Donald Trump, continuing his slam of the central bank.
“The tale from some of the most cyclical and predictive economic indicators are telling investors two very different things at the moment,” says Bryce Coward, portfolio manager at Knowledge Leaders Capital. He’s referring to lumber and copper prices, and how their divergence, as shown in this chart, is giving investors mixed signals:
Copper HGK9, -0.56% is giving the green light, but lumber LBK9, +2.26% is flashing yellow. “Both indicators can’t be right, so which is actually the most useful in telegraphing economic activity?” Coward asked.
“From my perspective, it’s lumber,” because of its role as a leading indicator of economic activity rather than copper’s coincident relationship. “A break below levels of last fall would be undoubtedly bearish for the economy and stocks too,” he said, “while a reversal right here could paint a more benign picture.” Read the full blog here.
The New York Fed Empire State Manufacturing survey for April hits at 8:30 a.m. Eastern, but that’s the only notable bit economic data we’ll see today. On Thursday, the initial weekly unemployment claims report will be released along with retail sales. Housing starts data arrives on Friday morning.
Read: Spring’s here — that probably means a reinvigorated U.S. economy
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A Fordham University student died early Sunday morning after falling about 30 feet from inside a clock tower on the school’s Bronx campus.
Here’s how social media is changing the world of comedy.
The Golden State Warriors get the “60 Minutes” treatment.
Man not too pleased parents throw out his porn stash, so he sues them.
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