Wednesday, April 16, 2014
VIDEO REPORT
Ongoing legal expenses and varying loan growth hindered recent earnings for major U.S. banks, but better dividend yields bring Wells and JPMorgan ahead of their peers, says Morningstar's Jim Sinegal.
FIVE-STAR INVESTOR
They're not the biggest names in the fund world, but these small shops have proven track records of protecting investors' interests.
MORNINGSTAR MINUTE
A strong network effect, with scale and bargaining power, provides this wide-moat firm a long runway of opportunity to gain market share in the coming years.
    ETF INVESTING
    Low-volatility strategies can work well in more-volatile asset classes.
    HEARD ON THE BOARDS
    What tips would you give others who are making financial gifts?
      Morningstar Minute
      MEDALIST OF THE WEEK
      A past Morningstar Manager of the Year oversees this portfolio, which has fewer holdings than some of its peers but asymmetric sector weightings.
        Morningstar Specialists
        SAM LEE: RATIONAL INVESTING
        Using the latest factor research to identify the drivers of Vanguard Dividend Appreciation's outperformance.
          BOB JOHNSON: READING INDICATORS
          Chinese imports and exports are lagging, indicating a slower growth economy.
            REKENTHALER REPORT
            What Michael Lewis didn't write.
              CHRISTINE BENZ: REAL-LIFE FINANCE
              Whether you're hunting for bargains or seeking simple solutions when investing your 2013 IRA contribution, Morningstar's Christine Benz has some ideas for you.
                JOSH PETERS: DIVIDEND INVESTING
                It's a mistake to assume MLPs will continuously increase their distributions, says DividendInvestor editor Josh Peters, who discusses why he recently sold
                several names.
                  MATT COFFINA: WIDE-MOAT INVESTING
                  These firms are leaders in the insulin market and are positioned to bring next-generation blockbusters to market, says Morningstar's Matt Coffina and Karen Andersen.
                    Real Life Finance
                    THE SHORT ANSWER
                    Green is good, and red is bad. But what do the ratings mean?
                      Mutual Funds
                      FUND SPY
                      The same investment strategy, but a more-restrained business plan.
                        ETFs
                        ETF SPOTLIGHT
                        Low-volatility funds offer lower risk but not necessarily better returns than the market.
                          Stocks
                          STOCK STRATEGIST
                          Apparel manufacturers are solidifying their brand identities and cost efficiencies to build moats.
                            Perspectives
                            Kellogg School of Management
                            The timing of a bankruptcy filing shapes the verdict and has consequences for all of us.
                              Bonds
                              VIDEO REPORT
                              Instead of outguessing short-term interest rate moves, fund shop Baird looks to add value on yield curve positioning, individual security selection, and sector allocation, and is currently finding opportunities in corporates.
                                Closed-End Funds
                                CEF WEEKLY
                                A sound, repeatable process executed by an experienced team drove us to upgrade our rating on this CEF.
                                  Market Barometer
                                  Lg
                                  Md
                                  Sm
                                  Value—Growth
                                  Day Return
                                  +1.25%
                                  0
                                  -1.25%
                                  1Wk Return
                                  +1.25%
                                  0
                                  -1.25%
                                  1Mo Return
                                  +4%
                                  0
                                  -4%
                                  3Mo Return
                                  +8%
                                  0
                                  -8%
                                  1Yr Return
                                  +20%
                                  0
                                  -20%
                                  3Yr Return
                                  +20%
                                  0
                                  -20%
                                  1Wk1Mo3Mo1Yr3Yr
                                  Market Consensus
                                  NA
                                  Actual
                                  Market Consensus
                                  NA
                                  Actual
                                  4.3%
                                  Market Consensus
                                  955K
                                  Actual
                                  946K
                                  Market Consensus
                                  1003K
                                  Actual
                                  990K
                                  Market Consensus
                                  0.5%
                                  Actual
                                  0.7%
                                  Market Consensus
                                  78.8%
                                  Actual
                                  79.2%
                                  Market Indexes
                                  DJIA
                                  16,407
                                  144.9
                                  0.9%
                                  S&P 500
                                  1,859
                                  15.9
                                  0.9%
                                  NASDAQ
                                  4,074
                                  39.8
                                  1.0%
                                  Morningstar U.S. Market
                                  4,702
                                  41.9
                                  0.9%
                                  Morningstar Small Cap
                                  7,281
                                  66.1
                                  0.9%
                                  Commodity Futures
                                  Gold
                                  $1,301.20
                                  0.09%
                                  Apr 14
                                  Light Crude
                                  $103.67
                                  -0.08%
                                  May 14
                                  Natural Gas
                                  $4.53
                                  -0.72%
                                  May 14
                                  Maturity
                                  %Yield
                                  6 Month
                                  0.05
                                  2 Year
                                  0.39
                                  5 Year
                                  1.63
                                  10 Year
                                  2.64
                                  30 Year
                                  3.46
                                  1 Yr Ago
                                  Last Close
                                  Data as of last close