A money manager who invests in undervalued stocks is calling for the bull market to run another three to five years and for the Dow to reach 50,000 before the good times end on Wall Street.
The bullish call may sound like a long shot. The Dow Jones industrial average would need to double from Tuesdays close of 24,835, which equates to an annual gain of more than 14% if the Dow 50k milestone....More>>>
Shares of Boardwalk Pipeline Partners (NYSE:BWP) traded up 5.8% on Thursday . The stock traded as high as $10.31 and last traded at $10.26. 190,760 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 2,588,689 shares. The stock had previously closed at $9.70.
Several analysts have weighed in on the company. Zacks Investment Research raised Boardwalk....More>>>
Warren Buffett. Image source: The Motley Fool.
Since the beginning of 2016, Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) has seen the value of the seven bank stocks in its investment portfolio increase by $5.6 billion, or 10.8%.
That’s a lot of money, butwhen you compare it to how blue-chip bank stocks performed more generally, something interesting sticks out. While Berkshire’s....More>>>
Cleveland-Cliffs Inc. (CLF), formerly Cliffs Natural Resources Inc, has had some trouble in its recent past but has a very promising future. By 2020, Cliffs will be rid of all its non-performing assets and will have three solid EBITDA generating streams, its Core U.S. Iron Ore business, its hot briquetted iron (HBI) plant in Toledo, Ohio, and its DR-grade pellets produced at its Northshore plant.....More>>>
Last week Renewable Energy & Power, Inc. (OTC PINK : RBNW ), a diversified corporation with markets in energy-saving technologies of LED lighting, solar and wind energy, announced a large San Francisco Bay Area electronic assembly corporation has approved the installation of 1,275 LED lights for their entire main campus.
This is the third such announcement in as many....More>>>
Does the Wall Street bull, which turns eightnext week, have nine lives like a felinethat always seems to land on its feet despite the perils it encounters?
It sure seems like thismarket has cat-like genes.A review of the countless crises and upsetsthis rising stock market has shrugged off since it began on March 9, 2009, highlights the never-say-die resilience of this aging bull the second-longest....More>>>
On Wednesday, stocks recovered following the worst day overall since October. The gains were led by the technology sector, which in many cases reversed following their worst day of the year on Tuesday.
However, despite the tech rebound, the blue chips lagged pulling the Dow Jones Industrial Average down less than 0.1%. Nike Inc (NYSE:NKE), a Dow component, fell 7.1%, pulled lower by a lackluster....More>>>
Six months after hurricanes ravaged the island, Puerto Rico experienced a tourism boom this Easter.
Tourists flocked to the island for Easter, Passover and spring break vacations in record numbers, according to The Puerto Rico Tourism Company, a San Juan promoter for tourism on the island.
Many hotels operated at or near 100% occupancy during the holiday weekend that began on March....More>>>
Last week’s best-performing penny stock was Cartesian Inc. (OTCMKTS: CRTN), a management consulting company that locked in an explosive gain of over 170%. That shows there’s still money to be made in stocks even as the market lost $768 billion last week, which is why we’re bringing you top penny stock to watch this week.
Last Wednesday (March 21), Cartesian stock rocketed....More>>>
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Uninsured Rate Soars for the Moderately Broke : CDC
One of the big web-based supermarkets for health insurance has made a deal to expand its agent support services program.
GetInsured acquired ACAExpress.com Inc. Aug. 31 for a price that was not disclosed.