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5 hours ago
- Business
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May stock gains, June watchlist, bitcoin: Market Takeaways
US stocks (^DJI, ^IXIC, ^GSPC) capped off a historic May trading month with serious gains, the Nasdaq Composite ending the month over 9.5% higher and the S&P 500 seeing its best May since 1990. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to outline the month's biggest market themes, including what to expect in June and bitcoin's (BTC-USD) price moves. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Well, the S&P 500 marking its best May in 30 years with the Nasdaq surging nearly 10% this month. Yahoo Finance Jared Blickry joining us now with the trading day takeaways, Jared. Yeah, we got to start with this historic May because this was totally unexpected, especially in the depths of despair in April. And by the way, this was not only the best May since 1990, but the second best since 1948 and the fifth best since 1928, and that includes a bunch of crazy years in the 1930s. Everybody remembers those, right? All right. So here's a sector action over these 21 days. XLK, that is tech that grabs the front. That is up 10%. Then industrials, that is up 8.8%. Then you got consumer discretionary communication services. Here's the S&P 500 itself up 6.2%. So all of these are outperforming. That's our definition greater than the benchmark. And guess what? If you look at the Nasdaq, you can really see some of these high flyers here in the mag 7, these big market cap. Nvidia up over 20%. So is Broadcom. So is Tesla. That's three out of the top eight. Apple is kind of a black eye there, but whatever. And then if you look at the Dow, very similar story. Healthcare was the worst performing sector. If you remember the only one in the red there. And so we've got United Health down 12, 26% and Mark down about 10%, Josh. All right. So may solid. What's coming next? Yes. So I ran some stats on June and I'm going to be doing a deep dive on or yeah, Monday morning. And here's what I found so far. This is just looking at June, but I'm going to look ahead until the end of the year and also until next May. So a full year out. And what I did was I got this idea from Ryan Dietrich. He was looking at all the S&P 500 years where May was up more than a certain percentage. I think he was using 4%. I decided to use 3% because it gives a few more data points and 18 in total going all the way back to 1928. I sloughed off a few because I started at 1950, but the net result is June is one of the worst months, but still up 6 tenths of a percent. So about half of 1%, and it's positive 61% of the time. Nothing to write home about admittedly, but here's where the things get interesting here. S&P 500 since 1928 is less than that. It's about half of the returns and up a slightly less percent positive the time. That's up 58% of the time. And then if we go since 1990, June is actually one of the two worst months. I think I think September is actually the worst, and that's only up about 6 tenths of a percent. So the bottom line is June is not a great month, but given the strong May performance, it should be a little bit better. That gives it just a little bit better tilt. And if you recall, we had a really we were expecting a bullish April, that did not materialize. So I want to add a grain of salt here. Anything with the tariffs can kind of derail what we're talking about here in terms of seasonality. Final question, what would be on your your wall of worry? What are the risks, the concerns we need to think about? Exactly. I'm looking at Bitcoin, um, a Bitcoin rut pull because I have been looking at the price action. One of the things that Bitcoin has done historically, and let's get off this screen and get to Bitcoin, and let's actually show the trailing month here in crypto. So Bitcoin is up 11.2%, Ethereum's up 44%. These are nice numbers, but the chart was a little concerning because one of the things that Bitcoin is famous for is breaking to new highs and these are new highs right here, and then just descending and kind of reversing the trend. So if you see this trend line that I'm drawing in right here, it has broken the trend line. 105,000 is a make or break. You can see it's right below it right now. Uh, so I want to see it kind of climb above that, and then it'd be nice to get to new highs early next week. And then in terms of the general market, I have noticed that Bitcoin has been leading. So if Bitcoin falters here, maybe we do get that June surprise to the downside. So Bitcoin is going to be one of the things I'm watching over this weekend. I was going to ask you this weekend. Is it Bitcoin? Is it the greenback? If I have if I have to watch something, it might as well be Bitcoin, Josh. Thank you. Appreciate your perfect. Thank you. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
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Is Dave Ramsey's Home Buying Advice Realistic For The Average Homeowner?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dave Ramsey is known for his no-nonsense approach to personal finance, including bold guidelines about how — and when — to buy a home. His long-standing advice is clear: never take out more than a 15-year mortgage, and never let your mortgage payment exceed 25% of your take-home pay. But as housing prices and interest rates climb, can the average person still afford a home if they follow Ramsey's rules? Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – TikTok user @simemedia recently laid out what Ramsey's home-buying rule looks like in today's market. Using national housing averages and ideal borrowing scenarios, he walked viewers through the numbers — and the outcome raised eyebrows. As @simemedia explains, the average U.S. home now costs around $350,000. A 15-year mortgage on that amount, assuming excellent credit – a 780+ score – would come out to just under $3,000 per month — before factoring in insurance, utilities, or maintenance. Now factor in Ramsey's second rule: the mortgage payment should be no more than 25% of take-home pay. Take-home pay is what's left after taxes, so to comfortably afford a $3,000 mortgage by Ramsey's standard, a buyer would need to take home $12,000 per month. That equates to an annual gross income of about $190,000 — putting the buyer in the top 6% of earners nationwide. Trending: This Jeff Bezos-backed startup will allow you to . To test the advice further, @simemedia ran the same scenario using Mississippi, the state with the lowest average home prices — around $180,000. That would bring the 15-year monthly mortgage payment down to roughly $1,600. Following the 25% rule, a buyer would need to take home $6,400 a month, or earn about $95,000 per year before taxes. That's still well above the national median household income of $80,610, according to the Census Bureau. In other words, even in the cheapest state in the U.S., the average household would fall short of affording a home under Ramsey's advice is rooted in avoiding financial risk. A 15-year loan saves thousands in interest compared to a 30-year one, and the 25% rule ensures homeowners don't stretch their budgets too thin. But critics like @simemedia argue that the rules, while ideal, are increasingly out of reach for many buyers, especially younger or first-time homeowners. Some financial experts recommend treating Ramsey's rules as goals rather than rigid requirements. Choosing a longer-term mortgage or targeting a more affordable home could make homeownership more achievable, while still maintaining reasonable financial safety. Ramsey's advice aims to help people build wealth responsibly, but strict adherence might not be realistic for the average homeowner in today's economy. As always, the best approach is one that reflects your personal financial situation, and if needed, includes input from a financial advisor. Read Next: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock Send To MSN: 0 This article Is Dave Ramsey's Home Buying Advice Realistic For The Average Homeowner? originally appeared on Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
10 hours ago
- Business
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Monro, Inc. (MNRO): A Bull Case Theory
We came across a bullish thesis on Monro, Inc. (MNRO) on Enterprising Investor's Substack. In this article, we will summarize the bulls' thesis on MNRO. Monro, Inc. (MNRO)'s share was trading at $12.66 as of 23rd May. MNRO's trailing and forward P/E were 19.78 and 15.82 respectively according to Yahoo Finance. Copyright: baranq / 123RF Stock Photo Monro (MNRO), previously highlighted when trading at $30 with an estimated fair value of $27, has since declined to $12.80, prompting a fresh look at the stock. In 2024, the company continued to struggle with inflation and a cautious consumer environment, as customers delayed purchases and opted for cheaper tires. This ongoing weakness has led to further deterioration in both the share price and free cash flow. A year ago, Monro traded at a 6x FCF multiple, and while it now trades at 5.67x, the compression is due to a declining FCF base rather than a material improvement in valuation. Meanwhile, its price-to-book ratio has fallen from 1.25x to just 0.59x, indicating significant market pessimism. Despite the weak backdrop, Monro currently yields 8.75%, raising questions about the dividend's sustainability. On a net income basis, the 175% payout ratio suggests it's not well-covered, but cash flow paints a more forgiving picture. In the most recent period, Monro generated $98 million in operating cash flow, spent $27 million on capex, and paid $36 million in dividends, leaving a modest $35 million cushion. While this suggests the dividend may be sustainable in the near term, any further business deterioration could force a cut. With low debt, a high yield, and a valuation that looks cheap both on free cash flow and book value, Monro appears more compelling now than it did at higher prices last year. Though headwinds remain, the stock merits deeper due diligence at these depressed levels. Monro, Inc. (MNRO) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held MNRO at the end of the fourth quarter which was 17 in the previous quarter. While we acknowledge the risk and potential of MNRO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MNRO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Business
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Northeast Bank (NBN): A Bull Case Theory
We came across a bullish thesis on Northeast Bank (NBN) on Rock & Turner's Substack. In this article, we will summarize the bulls' thesis on NBN. Northeast Bank (NBN)'s share was trading at $85.70 as of 27th May. NBN's trailing P/E was 9.54 and 14 according to Yahoo Finance. A view of a busy banking hall, customers engaging with banking staff to conduct their financial transactions. Northeast Bank has demonstrated a disciplined and innovative approach to banking by focusing on acquiring performing commercial real estate loans with strong credit histories and maintaining conservative loan-to-value ratios around 48%. This strategy results in exceptional credit quality, evidenced by minimal net charge-offs averaging just 0.2%-0.3% of the loan portfolio and a remarkably low criticized loan rate of 1.4%, significantly outperforming industry averages, even amid economic shocks like Covid-19 and rising interest rates. The bank operates with a unique hybrid model that combines the benefits of a credit fund's opportunistic capital deployment with the structural advantages of a regulated bank's low-cost funding through a deposit base weighted toward certificates of deposit. This allows Northeast Bank to be nimble in capital deployment, expanding or contracting its loan portfolio opportunistically and outbidding competitors for loan acquisitions. Recent strategic acquisitions totaling $1.8 billion have driven strong loan book growth and spiked return on equity (ROE) to 17%, although management remains cautious in redeploying capital to ensure disciplined lending standards. The bank's investment portfolio, including U.S. Treasuries and municipal securities, acts as a counter-cyclical buffer to maintain liquidity and financial flexibility. Northeast Bank's efficiency ratio of 42% and net interest margin near 5% reflect operational leverage and profitability as it scales. Trading currently around 2.1 times book value, the bank commands a premium justified by its high ROE, consistent growth, and resilient underwriting. With strong leadership, a forward-looking strategy, and a proven ability to generate superior risk-adjusted returns, Northeast Bank presents a compelling investment opportunity positioned for long-term growth. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading our summary of their bullish thesis on Aptiv PLC (APTV). Since our coverage, the stock is up 23.20% as of 28th May. Northeast Bank (NBN) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held NBN at the end of the first quarter which was 18 in the previous quarter. While we acknowledge the risk and potential of NBN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NBN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
11 hours ago
- Business
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Deere & Company (DE): A Bull Case Theory
We came across a bullish thesis on Deere & Company (DE) on Best Anchor Stocks' Substack. In this article, we will summarize the bulls' thesis on DE. Deere & Company (DE)'s share was trading at $507.99 as of 28th May. DE's trailing and forward P/E were 24.54 and 27.62 respectively according to Yahoo Finance. Pixabay/Public Domain Deere & Company recently posted impressive quarterly results, beating both revenue and EPS expectations by double digits, with EPS surprises averaging 16% across nine of the last ten quarters. Despite being a cyclical business, Deere continues to outperform due to structurally higher profitability that the market may still be underestimating. The standout this quarter was an 18% operating margin—only 200 bps below levels seen when revenues were 19% higher—highlighting robust cost controls and favorable mix, even as the company remains near a cycle trough. Management maintained full-year margin guidance at 14.5%, despite strong results, citing cautious expectations around tariff impacts in H2. Deere is forecasting a return to sales growth in Q4 for the first time in nine quarters, hinting that the bottom of the ag cycle may already be behind us. Potential catalysts include a new Farm Bill and trade deals that could further support demand. Meanwhile, Deere continues aggressive buybacks—$2.4 billion over the past year—reducing share count by 4%, setting the company up for strong EPS growth driven by higher margins, revenue recovery, and fewer outstanding shares. On the call, management highlighted growing tariff headwinds, mostly affecting its construction division, but also emphasized long-term U.S. investment and a competitive edge via Deere's captive financing arm. Technologically, Deere is expanding its ag tech stack into construction and growing its SaaS footprint, with adoption and renewal rates supporting a long-term shift to recurring revenue. Despite trading near all-time highs, Deere's strong fundamentals, margin resilience, and tech leadership suggest continued upside, with Brazil as a growing tailwind. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading our summary of their bullish thesis on Danaher Corporation (DNH). Deere & Company (DE) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 53 hedge fund portfolios held DE at the end of the first quarter which was 57 in the previous quarter. While we acknowledge the risk and potential of DE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than DE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
