Billionaire investor Paul Singer has a bleak outlook for Wall Street, and he has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to break out. On Friday, the S&P 500 index (^GSPC) and the Nasdaq Composite Index(^IXIC)registered records on the same day for the second consecutive session, while the Dow Jones Industrial Average (^DJI) closed out the week just 35 points short of its own all-time high.
Speeding toward financial independence is easier when you know which financial choices can slow you down. "At first blush, buying the latest and greatest version of the ultimate driving machine may seem like a value worthy of your hard-earned money," says California financial advisor Anthony M. Montenegro of Blackmont Advisors.
Yahoo Finance’s call of the week is MKM Partners’ bullish note on Netflix (NFLX). Analyst Rob Sanderson maintained a buy rating while raising his 12-month price target on the stock Thursday to $195 per share. Sanderson’s current price target is 22.5x his 2021 EPS estimate, and implies a $273 stock price in 2020.