johnpaulca
12,036 posts
msg #143627
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5/21/2018 8:35:09 PM
AMZN($1585.46)...showed up on my buy list, doesn't happen very often.
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johnpaulca
12,036 posts
msg #143628
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5/21/2018 8:44:38 PM
AAPL($187.63)...more upside, looks like nose bleed from here.
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johnpaulca
12,036 posts
msg #143629
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5/21/2018 8:53:25 PM
DUST($24.26)...looking for a haircut
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mahkoh
1,065 posts
msg #143630
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5/22/2018 9:58:36 AM
STO CHK July 4.5 put (0.42)
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johnpaulca
12,036 posts
msg #143631
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5/22/2018 11:25:12 AM
PGR($62.63)...looking to breakout
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johnpaulca
12,036 posts
msg #143637
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5/23/2018 10:25:25 AM
TOS stock hacker not working today );
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BarTune1
441 posts
msg #143642
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5/23/2018 9:08:43 PM
Greg,
I rolled the 95 put up to a 105 put when DIS hit 105 last week. In aggregate I've taken in a credit of $3.90 after commissions. Looking to buy back at $3.50. The spread right now is around $3.75 - $3.80.
The XLE pair is coming down now ... I have an order in to buy it back at 0.77 ...
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four
5,087 posts
msg #143651
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5/24/2018 10:28:35 AM
BREAKINGVIEWS-Tax cuts hasten demise of U.S. corporate pensions
10:28 AM ET, 05/15/2018 - Reuters
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
By Tom Buerkle
NEW YORK, May 15 (Reuters Breakingviews) - FedEx just spent $6 billion buying an annuity from MetLife. It’s joining a growing list of U.S. companies offloading pension obligations. Lower U.S. tax rates are encouraging more firms to do the same. It’s good for older workers, but it’s another nail in the coffin of employer-provided retirement security for millennials.
As of last May FedEx had a healthy 88 percent of the assets needed to meet its $30 billion of projected retirement liabilities. But with such defined-benefit pensions, the unpredictability of investment returns can affect a company’s earnings and balance sheet, and executives would just as soon be rid of the hassle.
December’s corporate tax cuts make it easier for FedEx and others to do just that. Companies can take a tax deduction on pension contributions at the old 35 percent rate until September. With the new rate at 21 percent they effectively recoup 14 percent of any contribution, so it’s a good time to top plans up. FedEx even borrowed to help it do so.
Rising stock markets and higher interest rates, which reduce the calculated value of future pension liabilities, have buoyed corporate pension pots, too. S&P 1500 companies’ plans were 89 percent funded last month, according to Mercer, the highest level in more than four years. All that’s important because plans need to be well funded for companies to shed their exposure.
In February United Parcel Service said it put a $5 billion slug into its pension plan, PepsiCo announced a $1.4 billion top-up, and General Electric said it would chip $6 billion into its main fund. Prudential Financial , a big provider of pension annuities, expects risk transfers like FedEx’s to rise nearly a third to as much as $30 billion this year.
For the workers covered, their pensions will be fully funded and in the presumably safe hands of a big insurance outfit. But it promises to accelerate the extinction of defined-benefit plans. Accenture, for one, terminated its involvement last year through a $1 billion deal with an AIG unit and MassMutual.
Instead, companies increasingly leave employees to build up their own retirement nest-eggs, sometimes matching contributions. Only 16 percent of the Fortune 500 still offer defined-benefit pensions to new hires, down from 59 percent in 1998. The tax code is helping to bring this relic of corporate paternalism closer to its death bed.
On Twitter https://twitter.com/tombuerkle
CONTEXT NEWS
- FedEx on May 8 said it had entered into an agreement with MetLife to purchase an annuity to provide pension benefits for about 41,000 retirees. The transaction will shift about $6 billion of the delivery company’s $30 billion pension obligations to the insurer.
- For previous columns by the author, Reuters customers can click on
- SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe
(Editing by Richard Beales and Martin Langfield)
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johnpaulca
12,036 posts
msg #143660
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5/25/2018 9:58:43 AM
johnpaulca
11,738 posts
msg #143627 5/21/2018 8:35:09 PM
AMZN($1585.46)...showed up on my buy list, doesn't happen very often.
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taking profits at $1611
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johnpaulca
12,036 posts
msg #143661
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5/25/2018 10:01:25 AM
johnpaulca
11,739 posts
msg #143628 5/21/2018 8:44:38 PM
AAPL($187.63)...more upside, looks like nose bleed from here.
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out at $188.62
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