Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
Stock buybacks are expected to shrink, leaving room for more payouts, the firm believes.
History shows that, in up markets, the three leaders for January and February go on to romp big-time, says savant Stovall. The three laggards, on the other hand …
Changes to the market’s makeup call the validity of the multiple into question—and allow for even more market advances, per strategists.
Prosaic financials and industrials perform like tech hotshots, Truist notes.
According to New York City Comptroller Brad Lander, a lack of worker input was among four main concerns with the evaluation.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
Two academics create a new measure to divine a security’s price after a certain holding period.
The mega-cap tech giants appear invincible. But things always change in the market.
The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.
The top stocks will get company as the rest of the technology sector joins in amid AI mania, says Wedbush’s Ives.
Market-wide forces are impacting the high-flying shares, which have led the S&P 500 all year.