News of the eurozone’s demise is exaggerated, but that may not offer much comfort to stock investors.
People in the Carolinas are about to rediscover the difference between the damage a storm causes and what is covered by insurance. While wind damage is well covered by insurers, flood damage is absent from most policies.
Despite the fabled co-founder’s retirement, Jack Ma will still have influence at Alibaba. But the real question for investors is whether his departure means the company’s best days are behind it.
The bank’s stock price is likely to remain under pressure as Chinese conglomerate HNA prepares to sell its 7.6% stake. But short-term pain should give way to a better longer-term foundation for the stock.
The reason to buy shares in Abbott Labs is simple:The company is growing its top line faster than just about any health-care company of comparable size and since it doesn’t sell pharmaceuticals in the U.S., it is relatively insulated from regulatory risk.