Horan - Health. Wealth. Life

S&P 500 Companies Accelerate Buybacks

Posted by David Templeton on Saturday, February 22, 2014 in Wealth Management | Comments (0)
S&P Dow Jones Indices has reported preliminary fourth quarter 2013 buyback activity for S&P 500 companies. The report notes companies in the index increased the dollar amount of buybacks by more than 30% on a year over year basis: $129 billion in Q4 2013 versus $99 billion in Q4 2012. In spite of the increase in cost of buybacks in 2013 due to the market's 30%+ price advance in 2013, companies are expected to continue returning cash to shareholders via higher dividends and buybacks this year. Th...  Read more...

Market In Long Term Uptrend

Posted by David Templeton on Thursday, February 20, 2014 in Wealth Management | Comments (0)
A post we wrote yesterday after the market close noted the similarity of the S&P's recent market pattern to prior chart patterns. One market technician I follow is Charles Kirk of The Kirk Report. I have found Charles' technical analysis as some of the best. I am summarizing here; however, he believes chart patterns provide important insight into the market's near and long term direction. Today he linked to our article from yesterday and made the comment to his readers to note the recency bias i...  Read more...

A Market Consolidating Before New Highs Ahead?

Posted by David Templeton on Wednesday, February 19, 2014 in Wealth Management | Comments (0)
Year to date the S&P 500 Index is down approximately 1% on a price only basis; however, for investors, the start of the year has been anything but a smooth ride. Through early February the S&P 500 Index declined almost 6% before recovering most of the loss these past several weeks.From The Blog of HORAN Capital AdvisorsThe question for investors is what lies ahead for the market. For traders, and not necessarily longer term investors, some consolidation of these recent gains would be healthy for...  Read more...

The Week Ahead Magazine: February 17, 2014

Posted by David Templeton on Monday, February 17, 2014 in Wealth Management | Comments (0)
Monday was a holiday in the U.S. so investment markets were closed. This one day holiday provided investors some relief from a market that is only six weeks into 2014. Investors have navigated a volatile equity market beginning with a January where the S&P 500 Index decline 3.46% and so far in February the price only return for the S&P 500 Index is a positive 3.14%. It seems these mid single digit market pullbacks are becoming more the norm than the exception.From an earnings perspective, fourth...  Read more...

Dividend Payers A Losing Strategy In January

Posted by David Templeton on Saturday, February 15, 2014 in Wealth Management | Comments (0)
As the below table shows, the dividend payers in the S&P 500 Index did not hold up so well during January's  market correction. The January average return of the payers equaled a negative 3.54%. The non-payers generated a positive return of .40%. Historically, dividend paying stocks generally hold up better during market corrections. This has not been the case over the course of the last year and a half though. We have touched on this topic in a few earlier posts, focusing on the fact traditiona...  Read more...

Fire Sales and the Importance of Life Insurance

Posted by Terry Horan on Thursday, February 13, 2014 in Health.Wealth.Life. | Comments (0)
In the insurance business, we always worry about a family having to sell assets to raise cash.  These "fire sales" as they are sometimes called never create good results for the families. In the last few days, a golf resort in Ireland had to be sold under duress.  Doonbeg is a five star resort on the Atlantic Coast of Ireland and is spectacular in many ways.  Alas, shrinking property values and family strife created a forced sale. A sale was never in question. The course an...  Read more...

1929 Crash: Charts That Mislead Investors

Posted by David Templeton on Wednesday, February 12, 2014 in Wealth Management | Comments (0)
A few questions have come up regarding the similarity of today's market chart pattern relative to the chart pattern in 1929 just before the crash at that time. The chart that has been circulating is similar to the one below that was created by Ryan Detrick, CMT of Schaeffer’s Investment Research, Inc.From The Blog of HORAN Capital AdvisorsHowever, Ryan included another important chart that investors should view in conjunction with the above chart. His second chart displays both charts on a perce...  Read more...

Statistically….. Who is Getting Audited?

Posted by Michael Napier on Tuesday, February 11, 2014 in Financial Planning | Comments (0)
The IRS recently came out with their audit statistics from last year (2013). Let’s start with the good news.   For the first time in nearly a decade, they are reporting record low audit rates….less than 1% of all returns.  Most news publications, such as Kiplinger, believe that this rate will continue to slip, mostly due to budget cuts and lack of enforcement personnel. What income bracket got the most audited last year?   No surprise that the IRS is going after t...  Read more...

Employment Growth Key To Economy Achieving "Escape Velocity"

Posted by David Templeton on Sunday, February 09, 2014 in Wealth Management | Comments (0)
One frequently cited aspect of this recovery has been the slow pace of economic growth since the end of the recession and the negative impact on employment growth. We have often referred to this as bump along the bottom economic growth. Is there an underlying cause contributing to this slow pace of economic growth? At HORAN we believe there is, but let's look at some of the economic data.The final GDP report in the third quarter of 2013 was reported at an annual rate of 4.1%. The first read on G...  Read more...

The Week Ahead Magazine: February 9, 2014

Posted by David Templeton on Sunday, February 09, 2014 in Wealth Management | Comments (0)
Last week the lower than expected ISM manufacturing report on Monday caused investors to sell stocks and saw the S&P 500 Index decline over 2.2% or nearly 41 points to close at 1,741.89. The market traded sideways Tuesday and then Wednesday the market traded below the low reached on Monday early in trading. From that point on the market rallied for the balance of the week, in spite of a below expectations job report, and ended higher by 3.2% from the closing price on Monday. Some strategists are...  Read more...
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