What a silly stock market. There I was on Tuesday at 2:00 p.m. waiting for the Dow Jones Industrial Average to crash 1,700 points as Trump verbally ripped Iran to shreds (and pulled out of the Iran deal). The Dow instantly tanked 80 points one sentence into Trump’s latest global spectacle. But then the Blue Chip index rallied back as Trump continued to hit Iran, and actually finished the....More>>>
Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than check out the stocks selected by one of the world’s wealthiest hedge fund managers — George Soros.
Self-made Soros fled Hungary and funded his way through an economics degree by working as a railway porter and waiter. Years of successful investing gave him a net worth of $25.2....More>>>
Goldman Sachs CEO Lloyd Blankfein sent his first-ever tweet on Thursday — and he used it to criticize President Trump’s decision to back out of the Paris climate pact.
“Today’s decision is a setback for the environment and for the U.S.’s leadership position in the world. #ParisAgreement,” he said.
The company confirmed to CNNMoney that it was....More>>>
First, two quick notes about Nota bene #4. There’s a small correction, for starters: The sums done by Rebecca Goldin at George Mason (thanks again, Rebecca!) were based on children under 6, not children 6 and under.
Secondly, I got quite a lot of feedback about lead incidence over time, saying essentially that the levels of lead which we’re very worried about today were commonplace....More>>>
A number of years ago, Warren Buffett referred to derivatives as “financial weapons of mass destruction.” Since then, Wall Street has tried to pooh-pooh this description, but the facts speak for themselves.
See Also: 7 Best Dividend Stocks for a Rocky Market
What is a derivative? Basically, it’s a bet couched as a complex financial instrument. Investopedia defines....More>>>
Bond guru Bill Gross is pulling a Flavor Flav. He’s telling people to not believe the Trump hype.
Gross, formerly one of the top dogs at fixed income powerhouse PIMCO and now a fund manager with Janus, wrote in his most recent monthly outlook that investors are too excited about Trump. He thinks Trump’s economic promises are too grand.
“Don’t be allured....More>>>
bebe stores’ (NASDAQ:BEBE) fiscal second-quarter report had something for the bulls and the bears. A -10.5% comparable sales figure in the key holiday quarter lends support to the “what are you thinking buying this declining business?” bear case. But a few green shoots – most notably positive free cash flow for the first half – give some comfort to BEBE bulls. And,....More>>>
We’ve noted before that for all the attention Macau gets, the real action for casinos these days is in Las Vegas. In a report issued today, Gabelli’s Adam Trivison touts the importance of Nevada for Boyd Gaming (BYD) and MGM Resorts International (MGM), which have large Nevada footprints, and for Wynn Resorts (WYNN) and Las Vegas Sands (LVS), which don’t:
Wednesday’s sudden jump in oil prices caught most traders off guard. While all traders were aware that OPEC was holding a meeting in Algiers, few actually believed that this dysfunctional cartel of oil producers, whose members have a long history of violating their promised production limits, would actually reach a consensus. Because two key OPEC members, Saudi Arabia and Iran, have been at....More>>>
A few weeks ago we discussed how you can make 12% annually, forever, from stocks. Now let’s apply those lessons to 2017, and highlight five that should do even better (17%+ returns) this year (and likely beyond).
Remember, projecting our returns from any given stock is simple. We simply add together the three ways it can pay us:
Its current dividend.