After being down by as much as 308.31 points, the Dow Jones Industrial Average settled with a dip of about 200 points amid concerns of cratering gas prices and disappointing data out of China. Apriem's Chief Investment Officer, Benjamin Lau, discussed the trend with CNBC. Below is an excerpt of the article: "The overall trend
Even though it occurred as predicted, the stock market stability after the midterm election came as a relief to many. Apriem’s Benjamin Lau tells Bloomberg that may went long just because the uncertainty had passed. At Apriem’ Advisors in Irvine, California, chief investment officer Benjamin Lau lowered cash to 15 percent from 20 percent just
While stock markets jump after the midterm election, analysts are now looking at trade policy between U.S. and China as the next big market wave. Apriem’s Benjamin Lau talks to The Wall Street Journal about the outlook: Benjamin Lau, chief investment officer of Irvine, Calif.-based Apriem Advisors, is wagering that a resolution to the months
After a sluggish year, industrials have seen the highest growth since March. Apriem's Benjamin Lau tells The Wall Street Journal that the recent strength in the sector is mostly due to domestic demand. See excerpt below: And some analysts think strength in the U.S. economy could continue to underpin manufacturing stocks, even as global trade
Stocks dip mildly amid reports of additional tariffs on Chinese goods. Our Chief Investment Officer Benjamin Lau commented on the trend with CNBC. Below is an excerpt: "Trade has been the focus this week and the past month," said Benjamin Lau, chief investment officer of Apriem Advisors. "But the muted reaction shows investors are a
With positive earnings adding even more fuel to the market rally, some hedge funds with short positions have been caught on the wrong side of the bet. Our Chief Investment Officer Benjamin Lau, who has been long and strong throughout the historic market run, commented on the trend with Bloomberg. Below is an excerpt: “The
Forbes featured Apriem’s analysis of IBM as one of its top seven stock tips for 2017. Below is a short excerpt. IBM is a turnaround story. “Big Blue” is transforming its business to meet the needs of the new era of cloud, mobility, security, and artificial intelligence. IBM’s transformation had begun to show some
Apriem’s co-CIO Benjamin Lau was recently featured in Yahoo discussing the growth potential of Facebook Inc. (FB). Below is a short excerpt. Facebook doesn't just own Facebook. It also owns one-time rival Instagram, which has 500 million monthly active users. Despite the large user base, Instagram doesn't contribute much to Facebook's breakneck pace of
Apriem's co-CIO Benjamin Lau was recently featured in a TheStreet.com article discussing the future of the technology sector post election. Below is a short excerpt: Some market gurus say it's not difficult to see why tech executives stayed away from Trump. "A lot of Trump's rhetoric during the campaign were hot button issues for