Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» For Miss Sangeetha
by Miss-Sangeetha Today at 7:54 pm

» coco.x share
by lakmal87 Fri Dec 15, 2017 10:45 pm

» නොමිළේම ඩොලර් (free $ 5 ) tokens
by cseguide Fri Dec 15, 2017 7:58 pm

» S&P upgrades DFCC Bank’s rating outlook from Negative to Stable
by TraderCSE Fri Dec 15, 2017 9:23 am

» CFVF will HIT. 40 BY Next. Thursday
by Yahapalanaya Thu Dec 14, 2017 10:50 pm

» Moody’s affirms ratings of three Sri Lankan banks; maintains negative outlook
by Miss-Sangeetha Thu Dec 14, 2017 8:39 pm

» Tea prices up and up.Plantation shares down and down!
by fortuneteller Thu Dec 14, 2017 3:04 pm

» best stocks to buy now
by Ryan Hudson Wed Dec 13, 2017 9:23 pm

» Current situation of the Adam group of companies
by anges Wed Dec 13, 2017 5:36 pm

» Avoid investing in Abans Group company shares
by fortuneteller Wed Dec 13, 2017 9:11 am

» People's Leasing Company
by prasa2004 Tue Dec 12, 2017 6:51 pm

» SDB - AN IMPRESSIVE PERFORMANCE
by prasa2004 Tue Dec 12, 2017 5:43 pm

» Beware of banking stocks
by prasa2004 Tue Dec 12, 2017 5:40 pm

» CEYLON COLD STORES PLC(CCS.N0000)
by Agape Tue Dec 12, 2017 2:49 pm

» Lanka Cement
by sureshot Tue Dec 12, 2017 11:09 am

» Roshan Egodage's Money Grabbing
by Investor1994 Mon Dec 11, 2017 7:10 pm

» CIFL ANY NEWS
by Gambino7 Mon Dec 11, 2017 12:13 pm

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Sun Dec 10, 2017 6:43 pm

» BFN .. ORIENT FINANCE PLC
by Teller Fri Dec 08, 2017 10:52 pm

» Sri Lanka Exports up 12.9-pct in Sept
by Teller Fri Dec 08, 2017 10:38 am

» DECEMBER DISCOUNT
by Teller Fri Dec 08, 2017 10:30 am

» LLMP - New Strategic Marketing >>> Boooom
by Teller Fri Dec 08, 2017 10:27 am

» Why LLUB.N0000 going down ?
by Teller Fri Dec 08, 2017 10:20 am

» LDEV rights
by Teller Fri Dec 08, 2017 10:16 am

» SAMP Rights Issue
by niru Thu Dec 07, 2017 8:04 pm

HashFlare

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News »  Brexit, shmexit! These stocks are up today

Brexit, shmexit! These stocks are up today

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Brexit, shmexit! These stocks are up today on Sat Jun 25, 2016 4:23 am

VALUEPICK

avatar
Expert
Expert

I'm not going to lie to you. The market is U-G-L-Y today. But it's not 2008-esque awful. In fact, there are even a couple of dozen stocks in the S&P 500 that have avoided the Brexit bear.

 
http://money.cnn.com/2016/06/24/investing/brexit-stocks-winners-flight-to-safety/
 
Gold miner Newmont (NEM) was up 5% as the price of the yellow metal surged due to Brexit fears.Other so-called safe haven stocks were rallying too.
The Marlboro Man wasn't worrying about the U.K.'s shocking vote to leave the European Union. Cigarette king Altria (MO) rose 1%. Rival Reynolds American (RAI) was up as well.
 
Several food stocks were rallying too, including SPAM maker Hormel (HRL) (cue the Monty Python!), Tyson Foods (TSN), Hershey (HSY) and supermarket chain Kroger (KR).
 
Other notable winners? CMS Energy (CMS), ConEd (ED), Xcel (XEL) and other big electric utilities were all rallying. So were a bunch of real estate investment trusts,
 
Walmart (WMT) and Verizon (VZTech30) were the best performers in the Dow Friday -- but all they could manage to do was end the day flat.
 
There's a trend here.Most of these companies are in industries that tend to hold up better than other more cyclical ones like tech, banks, oil and apparel retail.
 
Many of Friday's market leaders also pay healthy dividends, which makes them like catnip for conservative investors looking for a steady income payment. With government bond yields around the world so low, these stocks are even more attractive.
 
"The market is really concerned about the uncertainty. So the flight to quality makes sense," said Tony Bedikian, head of global markets for Citizens Bank. "Bonds and blue chip dividend stocks are performing okay. Safer investments are doing better."
 
But can this last? Before the Brexit vote, investors had been moving back into sexier growth stocks. The hope was that the U.S. economy would hold up better than the rest of the world. Why buy a boring utility when you could own Amazon (AMZNTech30) or Facebook (FB,Tech30)?
These companies could come back into favor though.
 
Albert Brenner, director of asset allocation strategy at People's United Wealth Management, said the market slump Friday had more to do with so many people making a bad short-term bet on Brexit than any serious change in the outlook for U.S. stocks.
 
"I'm not aware of any panicked calls coming in yet about the market," Brenner said. "But there clearly will be volatility. Investors were expecting 'Remain' to win and there's a consequence to being wrong."

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum