The stock market is on fire. The Dow just zoomed another 300 points and closed above 26,000 for the first time.
The latest rush to buy stocks left the average up almost 8,000 points since President Trump’s 2016 election.
The rally on Wednesday gave the Dow its best percentage gain since since November. And it showed that the upward trend remains intact despite a big reversal....More>>>
Wanted: $6 million in missing gaming chips. Last seen: The lavish Wynn casino in Macau.
Police are hunting for millions of dollars in casino chips after they were stolen — allegedly by one of Wynn’s own croupiers — raising security concerns in the world’s biggest gambling hub.
The heist happened Tuesday at the Wynn Macau (WYNMF), one of the marquee destinations....More>>>
After the September disclosure of the largest consumer information data breach in US history and the significant price decline in its stock, Equifax (EFX) offered investors a high risk-high reward proposition. Equifax was an excellent wide moat business available cheaply because of significant legal and regulatory risks.
While the Trump Administration installed many “business friendly”....More>>>
I cannot say that much has changed in the stock market over the last week, and our bullish bias will be maintained for 2017 as long as the S&P 500 remains over 2,205.
As I noted last week:
All year long, I have been telling anyone who has been willing to listen that the market is set up to rally this year, with an ideal ultimate target between 2,537 and 2,611 for 2017. And, even....More>>>
Sears did more than change the way America shopped. It changed America.
In its heyday, it was more than just the largest U.S. employer or the country’s retailer. It actually reshaped the nation, transforming the average citizen’s lifestyle.
Of course, the company is struggling now. Sears Holdings (SHLD), the company that owns both Sears and Kmart, warned investors....More>>>
On Dec. 14, 2016, the federal funds rate was hiked by 25 basis points to 0.75%. More hikes are expected in 2017, but early this month, Fed FOMC members decided to maintain the interest rate at 75% for the time being without ruling out further increments. The next meeting of the Fed is slated for Wednesday, March 15, and analysts believe that the current rate of 0.75% will hold.
Fidelity is home to some of the greatest stock fund managers of all time. At the top of the list is Peter Lynch, who during his tenure at Fidelity Magellan from 1977 to 1990 delivered a 29.1% annualized return. He beat out all other stock funds and bested Standard & Poors 500-stock index by an average of 13.5 percentage points per year. Since then, other stars have shone brightly, including....More>>>
NVIDIA (NASDAQ:NVDA) has grown its revenues very aggressively in the past 3 years. This article appreciates this fact. What this article attempts to do is put into perspective NVIDIA’s current trading valuation.
I argue that in spite of superb business opportunities ahead, this growth is already accounted for. Currently, it is priced with no margin of safety....More>>>
Consumers across the nation know Flowers Foods (NYSE:FLO) from its Wonder bread, Tastykake snack cakes, and Nature’s Own bakery brands. Yet the truly novel thing about Flowers is how it has done such a good job of building up a national presence in an industry that is typically dominated by local competition. Coming into Monday’s fourth-quarter financial report, Flowers investors were....More>>>
Having worked with highly skilled traders of financial markets at a variety of money management organizations, I’ve noticed one distinctive marker of success: the great traders leverage one or more great strengths in their personalities and in their information processing. Those strengths differ from one exemplary money manager to another, but in each case some distinctive strength is evident.