Warren Buffett is known for being a long-term investor, and that’s one of the reasons why it’s so rare to see the Oracle of Omaha make major sales from his portfolio of publicly traded stocks at Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B). Yet Buffett also isn’t afraid to admit when he’s made mistakes. More frequently, when better investing opportunities come along, he’s....More>>>
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Related GLD Major Averages Close Thursday's....More>>>
Last night, Bloomberg reported that Sanofi (SNY) had made a bid for Medivation (MDVN) but had been rebuffed, while noting that other companies–perhaps Gilead Sciences (GILD), Amgen (AMGN) or AstraZeneca (AZN)?–were also on the prowl. SunTrust Robinson Humphrey’s Peter Lawson explains why Medivation might be biotech’s most wanted:
Daniel Acker/Bloomberg News
NEW YORK The jury in so-called “Pharmacy Bro” Martin Shkreli’s fraud jury went home Monday evening after spending a full day of deliberations without reaching a verdict.
U.S. District Court Judge Kiyo Matsumoto told the panel of seven women and five men to resume Tuesday morning after the jurors sent out a note just after 5 p.m. EDTasking how long they were expected to....More>>>
Legendary investor Bill Miller is the former chairman and chief investment officer of Legg Mason Capital Management. He has been named fund manager of the decade by Morningstar and ranked as the top 30 most influential people in investing by SmartMoney. Below is an edited summary of his interview with The Investor’s Podcast where he talks about determining the intrinsic value of various....More>>>
There’s a plot of land sitting in North Carolina waiting for Robin Festa and her husband to build their retirement home.
She’s hoping to retire early in three years at age 63 and head south from Connecticut to enjoy a lower cost of living. The pair have been dutifully socking away as much money as they can into their retirement accounts.
She’s meticulous about....More>>>
This article is reprinted by permission from NextAvenue.org.
Super Bowl LII will be played on Sunday, Feb. 4 at the new U.S. Bank Stadium in downtown Minneapolis and organizers expect some 1.3 million people to visit the Twin Cities during the week. Little wonder that popular questions among local homeowners have been: Are you renting out your home? and How much do you think we could make?Top....More>>>
The dollar was moderately lower on Friday, with many investors avoiding major moves ahead of Donald Trumps inauguration speech later in the day.
The WSJ Dollar Index
My investment thesis on American Airlines Group (NASDAQ:AAL) for a while now has suggested the market was overlooking the new profit focus on the airline. The theory was further backed by the recent large-scale investments by Berkshire Hathaway (NYSE:BRK.B) and backed by Warren Buffett.
The stock though has struggled to gain much traction since the peak back in 2015. Is the market so....More>>>
Midway through trading Friday, the Dow traded down 0.32 percent to 23,383.25 while the NASDAQ declined 0.08 percent to 6,788.04. The S&P also fell, dropping 0.15 percent to 2,581.76.
Leading and Lagging Sectors
On Friday, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Abercrombie & Fitch....More>>>