Warren Buffett, Wells Fargo’s biggest fan, says the Federal Reserve is making him reduce his stake in the embattled bank.
Buffett’s Berkshire Hathaway (BRKB) disclosed in a regulatory filing on Wednesday that it sold 7.1 million shares of Wells Fargo (WFC) for $384 million this week. It intends to sell an additional 1.7 million shares of Wells soon.
Blue-chip companies rightfully make up the bulk of most people’s investment portfolios. These large-cap firms possess considerable industry leverage, as well as a vast sum of financial resources. Their status and importance to the underlying economy means that they are the least likely to crumble, regardless of external pressures. Ultimately, blue chips provide the confidence and stability....More>>>
President Donald Trump boards Air Force One at Andrews Air Force Base in Maryland on March 15, 2017. Trump and Brexit are part and parcel to the anti-establishment movements sweeping the West. While the U.S. and Europe grapple with their political futures, China and India plow ahead to become the engines of global growth. (Photo by NICHOLAS KAMM/AFP/Getty Images)
As Americans and Europeans....More>>>
Magellan Midstream Partners (NYSE:MMP) is an excellent choice for risk averse investors with a long-term investment horizon. Like any other limited partnership, it also offers a great source of income. In terms of income growth, Magellan has been one of the best in the sector. Despite the stellar growth in its cash distributions even in the low-commodity price environment, most of the fundamentals....More>>>
Oil company ConocoPhillips (NYSE:COP) has been kicked to the curb in 2015 and 2016 on the back of a devastating energy price rout that has even pushed some companies into bankruptcy. Levered upstream companies Linn Energy, LLC (NASDAQ:LINEQ) and Breitburn Energy Partners L.P. (OTCPK:BBEPQ) filed for bankruptcy earlier this yer because of falling price realizations, and a high debt load that....More>>>
The ECB just announced a further reduction in interest rates, extended its QE program by increasing the rate at which buys assets, beefed up the TLTRO program and extended its horizon. It all sounds like good news and many of these actions had been expected in the last meeting of 2015 and they did not happen. Markets reacted very positively on announcement but later, after the press conference,....More>>>
This isn’t my first relationship with Royal Bancshares of Pennsylvania (NASDAQ:RBPAA). A decade or so ago, I bought shares in this regional bank when it paid a 4% dividend and churned out steady, if not spectacular earnings. For a number of years, I was content to toss my dividends back to Royal in return for more shares. My share count grew as did my comfort level with this cozy little investment.....More>>>
Related IWM AdvisorShares Launches Actively Managed Small-Cap ETF Buy Silver, Short Russell 2000: Fast Money Picks For July 6 'Low Productivity Growth May Be A Fact Of Modern Life' – Alfred E. Neuman (Seeking Alpha)
Speaking on Bloomberg Markets, Dan Deming of KKM Financial....More>>>
Stocks rose this week as earnings from JPMorgan Chase (JPM), Bank of America (BAC), and Citigroup (C) came in better-than expected.
The S&P 500 rose 1.6% to 2,080.73 this week after falling 0.1% today, while the Dow Jones Industrial Average rose 1.8% to 17,897.46 this week after dropping 0.2% today. The Nasdaq Composite advanced 1.8% to 4,938.22 this week....More>>>
Editors’ pick: Originally published Nov. 14.
So your phone has broken, or maybe it was stolen, and you want a replacement phablet – that’s a large phone with a screen bigger than 5.5″ – and you want it now. Bad news: your first choice won’t happen. Not your second either.
Maybe the cause is the self-igniting Samsung Note 7 – which had been....More>>>