S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

P&G in $4 B Deal with Germany Based Merck, American Express Soars
Apr 19, 12:12 PM EDT 
Alcoa lifted fiscal outlook and reported a decline in earnings. American Express profit surged 31%. BNY Mellon reported better-than-expected results. BB&T reported record profit in the quarter. Blackstone revenues declined. Procter & Gamble reported flat earnings.
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ABB Order Book Health Sparked Stock, Unilever Plans Buyback of €6 B
Apr 19, 11:21 AM EDT 
ABB reported sales rose and the order book improved. Hawesko said wholesale and distribution business showed healthy growth. Publicis revenues declined 8.4%. Sky profit surged 11%. Unilever announced share buyback of up to €6 billion.
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STOCK MOVERS

U.S. Movers: Alcoa, American Express, BNY Mellon, BB&T, Blackstone, P&G
Apr 19, 12:13 PM EDT 
Alcoa lifted fiscal outlook and reported a decline in earnings. American Express profit surged 31%. BNY M...
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U.S. Movers: Abbott, CSX, IBM, Morgan Stanley, Netflix, U.S. Bancorp
Apr 18, 11:50 AM EDT 
Abbott beats earnings estimates. CSX net surged on lower expenses and price improvement. IBM declined on ...
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U.S. Movers: Comerica, Goldman Sachs, J&J, Northern Trust, UnitedHealth
Apr 17, 11:58 AM EDT 
Comerica profit beats earnings estimates. Goldman Sachs reported strong quarterly profit and revenues. Jo...
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U.S. Movers: Bank of America, Icahn Enterprises, J.B. Hunt Pebblebrook Hotel
Apr 16, 12:21 PM EDT 
Bank of America reported record profit lifted by consumer banking business. Icahn Entp agreed to sell its...
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U.S. Movers: Citigroup, First Horizon, First Republic, JPMorgan, Wells Fargo
U.S. Movers: BlackRock, Bed Bath & Beyond, Delta Air, Rite Aid
U.S. Movers: Alexion Pharma, EMCORE, Fastenal, Washington Federal
Federal Mogul and Tenneco to Merge, DoJ Approves Bayer Monsanto Deal
U.S. Movers: eHi Car Services, First Bancshares, Hilton Worldwide, Viacom
U.S. Movers: Greenbrier, Hooker Furniture, Pricesmart, WD-40
Mutual funds Q&A

Rooted in Valuation and Tactically Balanced
Tributary Balanced Fund
Kurt Spieler
“The objective of the fund is to provide capital appreciation and income through tactical asset allocatio...

Systematic Allocation Guided by Market Phase
AMG Chicago Equity Partners Balanced Fund
Patricia Halper, Michael Budd
“We believe that we should take only the risks which we are compensated for.”

Income Builder through Value Investing
First Eagle Global Income Builder Fund
Kimball Brooker, Sean Slein
“The fund seeks to provide income for today and tomorrow, and there’s a tradeoff between the two. If we o...
MANAGEMENT TALK Q&A

Defined in Holdings and Time Periods
Rich Stewart
What we say in the UIT industry is that you know what you own because there’s transparency; you know exac...

Stratified Returns
It’s a simple methodology and what it does is it basically selects the top scoring 75% of the market and ...

Evolving the Alternative Landscape
Dick Pfister
We provide access and we monitor alternative investment managers. This provides comfort to the investment...
Tributary Balanced Fund
Kurt Spieler
“The objective of the fund is to provide capital appreciation and income through tactical asset allocation and security selection. A unique feature of the fund is that we invest with both absolute and relative return objectives.”
AMG Chicago Equity Partners Balanced Fund
Patricia Halper, Michael Budd
“We believe that we should take only the risks which we are compensated for.”
First Eagle Global Income Builder Fund
Kimball Brooker, Sean Slein
“The fund seeks to provide income for today and tomorrow, and there’s a tradeoff between the two. If we over-rely on higher-yielding securities, we expose the fund’s investors to the potential risk of capital impairment. We need to be extremely disciplined.”
Value Line Capital Appreciation Fund
Cindy Starke, Liane Rosenberg
“With equities, our goal is to create superior longer-term capital appreciation for investors through longer-term ownership in a diverse group of leading growth companies. On the fixed income side, it is about relative value and enhancing investment income.”
Osterweis Strategic Investment Fund
John Osterweis, Craig Manchuck
“One of our favorite features of the Osterweis Strategic Investment Fund is its versatility. It can be an excellent one-stop shop for a small pension account or individuals looking for low maintenance portfolios because it is dynamically diversified.”










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
Jobless Claims 2018-04-19 8:30 AM
EIA Petroleum Status Report 2018-04-18 10:30 AM
The Beige Book 2018-04-18 2:00 PM
Housing Starts 2018-04-17 8:30 AM
Industrial Production 2018-04-17 10:00 AM
Retail Sales 2018-04-16 8:30 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc