A few days ago, an article about Nike (NYSE:NKE) argued that “Nike’s shares aren’t priced to buy.” The reasoning was that “Nike is, at best, fairly valued. And it certainly isn’t trading hands at fire-sale prices.” The question is: should you expect (and wait for) fire-sales prices? Most value investors know the maxim that it is better to buy a great business....More>>>
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Wells Fargo has reached a $110 million settlement with its bank clients tied to as many as 2 million fake accounts. This news comes about six months after the bank agreed to pay $185 million in fines and penalties....More>>>
When 3G and Warren Buffett’s Berkshire Hathaway (BRK.B) got together to merge Kraft with Heinz to form Kraft Heinz (KHC), they argued that they could cut expenses to create a more efficient business. But if today’s earnings–which appeared, at least on the surface, to be pretty good–demonstrated anything, it’s that Kraft Heinz might be running out of synergies to juice....More>>>
Fear in U.S. stocks just hit a 24-year low, according to the market's "fear gauge." So… is it time to sell based on this indicator? Is this a sign of a top in U.S. stocks? In short, surprisingly, NO. Let me explain… Last week, the CBOE Volatility Index ("VIX") fell to less than 10. It's at its lowest level since 1993. In....More>>>
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Wells Fargo Advisors has agreed to pay a $1 million fine to the Financial Industry Regulatory Authority to settle allegations that it failed to adequately supervise advisors’ use of consolidated....More>>>
It’s been three trading days since the U.S. Federal reserve hiked interest rates–and the stock market has been moribund ever since.
The S&P 500 declined 0.2% to 2,373.47 today, while the Dow Jones Industrial Average dipped 8.76 points to 20,905.86. The Nasdaq Composite finished little changed at 5,901.53. The Dow Jones Industrial Average has dipped44.24....More>>>
Shares of Apple Inc. (NASDAQ: AAPL) added 65 cents last week (about 0.5%), closing at $140.64 on Friday. The stock posted a new 52-week high on Tuesday.
Apple launched a number of new products Tuesday morning and that sent the stock to its new annual high. By the end of the day, however, the shares closed down more than $2.00.
The product announcements included the introduction of....More>>>
Investors have a lot to choose from when picking stocks to buy. But many are honing in on a handful of larger than life blue chips.
The 10 biggest companies in the S&P 500 index are collectively worth $4.36 trillion. The entire S&P 500 recently topped $20 trillion in value for the first time.
So the top 10 companies, a mere 2% of the 500 stocks in the index, make up almost....More>>>
Kraft Heinz has put its plans to buy British and Dutch food and personal care products conglomerate Unilever back on the shelf after Unilever turned down its $140 billion bid.
But the ketchup and macaroni and cheese king could still be interested in shopping for another big maker of supermarket staples.
Kraft Heinz (KHC) is backed by Warren Buffett. His Berkshire Hathaway (BRKB)....More>>>
Opiates are incredibly potent pain relievers forpatients with severe traumatic pain or dealing with end-of-life care, but they are also being increasingly abused. Robert Brooke, the CEO of small cap Vitality Biopharma, Inc. (OTCQB: VBIO), which is dedicated to the development of cannabinoid prodrug pharmaceuticals and to unlocking the power of cannabinoids for the treatment of serious neurological....More>>>