TechTheDay

Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. The market value and net asset value (NAV) of a fund’s shares will fluctuate with market conditions.

Typically, when interest rates rise, there is a corresponding decline in bond values. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Principal of mortgage- or asset-backed securities normally may be prepaid at any time, reducing the yield and market value of those securities. Agencies are supported by varying degrees of credit but generally are not backed by the full faith and credit of the US govt. Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher rated securities. Investments in emerging markets may be considered speculative and are more likely to experience hyperinflation and currency devaluations, which adversely affect returns.

Boeing is likely to survive this crisis, and the stock seems destined to fly higher as deliveries normalize and the company is able to pay down some of the massive debt it took on during the pandemic. The U.K.’s FTSE 100 index is expected to open 23 points higher at 7,619, Germany’s DAX down 42 points at 16,850, France’s CAC down 12 points at 7,642 and Italy’s FTSE MIB 16 points lower at 30,856, according to data from IG. “The uptake of GLP-1 (glucagon-like-pepitide-1) class AOMs (anti-obesity medications) has been unexpectedly robust, particularly in the U.S. where the drugs are propelling weight-centric goals to therapeutic guidelines,” Morgan Stanley’s analysts noted. Analysts had expected net profit of $27.5 billion, according to an LSEG-compiled consensus.

1. The company made a provision of 363 million euros ($393.5 million) in the fourth quarter for the FDA agreement, which also details improvements it must make to be able to sell new respiratory devices in the U.S. again.
2. “The MPC remains prepared to adjust monetary policy as warranted by economic data to return inflation to the 2% target sustainably,” the Bank said in statement.
3. Adidas terminated its partnership with the musician in October 2022, with pressure mounting on the company after he made several antisemitic comments online.
4. An investment in the Fund may not be appropriate for all investors.

Inflation stood at 2.9% in December, up from 2.4% in November, largely due to the wind-down of energy price support measures. German two-year bond yields rose by 6 basis points, while the 10-year yield, seen as a euro zone benchmark, added 2 basis points. “The [BoE] statement appeared to walk the line between signalling easing ahead, while not invoking a flurry of bets in favour of aggressive cuts,” Matthew Ryan, head of market strategy at Ebury, said in a note. Rate-sensitive two-year gilt yields were 6 basis points higher at 1 p.m.

BlackRock Enhanced Global Dividend Trust was formed on May 31, 2005 and is domiciled in the United States. ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Christopher M. Accettella, Director, is a member of the Equity Derivatives team within BlackRock’s Fundamental Active Equity division. He is a portfolio manager for equity derivatives overlay and hedging assignments, including BlackRock’s equity closed end funds. Mr. McClement’s’ service with the firm dates back to 2004, including his years with State Street Research & Management (SSRM), which merged with BlackRock in 2005. At SSRM, Mr. McClement’s was a Vice President and senior derivatives strategist responsible for equity derivative strategy and trading in the Quantitative Equity Group at State Street Research.

“Our North American business is a real rock star. We doubled the company just in the last four years by strong organic growth, by acquisitions. And we have leading margins, the EBITDA margin is already above 27%,” Jenisch told CNBC on Monday. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter was slightly higher than the previous year at 653 million euros, while comparable sales fell 1%. Kiran Ganesh, multi asset strategist at UBS Global Wealth Management, says “if you get a combination adx indicator formula of strong growth, falling inflation and rapid interest rate cuts from the Fed, then that’s what is going to take to move the market higher from here.” Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Boeing (BA -0.77%) got a big endorsement for its 737 MAX line from an Indian customer, providing investors with a sign that demand for the plane remains strong despite its latest quality issues. Investors are cheering the news, sending shares of Boeing up nearly 4% as of 1 p.m.

The fund also invests through derivatives, with an emphasis on options on equity securities or indices. It benchmarks the performance of its portfolio against the S&P Global Broad Market Index. The fund was formerly known as BlackRock Global Opportunities Equity Trust.

Lipper Ranking & Performance

The BlackRock Enhanced Global Dividend Trust primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. BlackRock Enhanced Global Dividend Trust saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 20,000 shares, an increase of 387.8% from the December 31st total of 4,100 shares. Based on an average daily volume of 203,400 shares, the days-to-cover ratio is presently 0.1 days. Once expected to be among the best-selling airframes of all time, the plane was grounded for 18 months beginning in 2019 after a pair of fatal accidents.

Philips down 6.2%, reaches U.S. settlement over ventilator recall

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc.

Zacks Premium Research for BOE

Shareholders of record on Friday, January 12th will be paid a dividend of $0.063 per share on Wednesday, January 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.52%. Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. https://traderoom.info/ As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

After initially considering scrapping its leftover Yeezy stock, with an estimated retail value of $1 billion, Adidas decided in mid-2023 to sell it. Adidas terminated its partnership with the musician in October 2022, with pressure mounting on the company after he made several antisemitic comments online. Yeezy had been a commercial success for Adidas, generating nearly $2 billion a year, according to analysts. It was the largest single-day loss since March last year and shares were briefly halted, according to Reuters. BlackRock expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being.

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Microsoft will be reporting its earnings on Tuesday after the bell. Boeing, which has been battered by issues with its 737 Max 9 planes, will be posting its quarterly earnings Wednesday morning.

In addition, many emerging securities markets have lower trading volumes and less liquidity. The fund may use derivatives to hedge its investments or to seek to enhance returns. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility. There is no assurance that the Fund will achieve its investment objective.