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The Best of What They Said and I Read week ending 6/4/2017

Short excerpts from articles I found interesting.

I may not agree with the author and the following material is not intended as investment advice.

 

Kiplinger’s Retirement Report – June, 2017 – Information to Act On

  • “Social Security – Increased security.  Starting June 10, the Social Security Administration will require you to choose a second identification method to log into your My Social Security online account.  You’ll have to provide a cell phone number or an email address; a one-time security code will be sent as a text or email each time you log into your account.”

The Wall Street Journal – June 3 - 4, 2017 – Amazon Stock Breaches $1,000 – by Chris Dieterich and Ben Eisen

  • “Amazon’s stock closed at $1,006.73 Friday…Amazon is keeping pace with big tech stalwarts like Facebook Inc. and Apple Inc., which each are up about 34% this year…But others expect these stocks to continue to advance. Thomas Lee, a U.S. portfolio strategist at Fundstrat Global Advisors, on Friday forecast that Facebook, Amazon, Netflix Inc. and Alphabet—a group collectively known by the acronym FANG—could climb another 20% to 40% by the end of the year…”
  • “The push above $1,000 for Amazon also illustrates the decline of the stock split. In the past, if a company’s share price got too high, it might split its shares to lower the price and make them more attractive to small investors. This year, there have been only two share splits by companies in the S&P 500. In 1997, the year Amazon went public, 93 companies in the index split their shares, according to Birinyi Associates.”

U.S. Global Investors – June 2, 2017 - Investor Alert - by Frank Holmes

  • “…President Donald Trump announced his decision to withdraw the U.S. from the Paris climate agreement this week, highlighting the depth of his commitment to keep “America First.”…the media is making much of the fact that the U.S. now joins only Nicaragua and Syria in refusing to participate in the accord…Trump was under intense pressure from business leaders, politicians on both sides of the aisle, environmental activists, members of his Cabinet—even his own daughter Ivanka, reportedly—to stay in the agreement, but he made his decision with the American worker in mind. The Paris accord, Trump said, “Is simply the latest example of Washington entering into an agreement that disadvantages the United States,” leaving American workers and taxpayers “to absorb the cost in terms of lost jobs, lower wages, shuttered factories and vastly demised economic production.”
  • “…Stocks near a record high, sustained strength in the labor market and steadily rising wages are making Americans feel better about their financial well-being and the economy. Americans are the most upbeat about their finances in a decade, which will probably help consumer spending, contribute more to the U.S. economy in the second quarter, Bloomberg Consumer Comfort Index figures showed Thursday. The overall gauge jumped to 51.2, the second-strongest reading since 2001, from 50.9.”
  • “…According to the Wall St. Journal, the era of stubbornly weak wage growth could be coming to an end as the economy slowly shifts toward better paying jobs from low wage work at restaurants and stores. Since the U.S. started consistently adding jobs in 2010, employment in three low-wage categories (leisure and hospitality, retail, and temporary help) had grown at a faster rate than overall private-sector payrolls until this year. Growth in other private-sector industries has outpaced gains in the three largest low-wage categories since February. It’s the first time such a shift has occurred during the expansion. And it could be a precursor to better wage growth as stronger job gains in fields that pay above-average wages lift the broader pay measure.”

 


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