In my four earlier ones, I covered why December was lousy and why stocks are on the right side of a swift V-shaped recovery. U.S. stocks have climbed more than 10 percent since the market close on Christmas Eve. Assuming December 24 remains the bottom, this correction ended later in a calendar year than any correction or bear market ever.
This weekend's Barron's cover story features the top picks from the 2019 Barron's Roundtable. Other featured articles offer bargain gold mining stocks and how to play the life sciences boom. Also, the prospects for office REITs, a retail stock on sale and a battleground stock.
Warren Buffett's Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal, the Financial Times reported on Sunday. The venture has been in talks to supply Tesla Inc with lithium, a component for batteries to power electric cars, the newspaper reported https://www.ft.com/content/c9760a4e-1a76-11e9-9e64-d150b3105d21, citing people familiar with the company. Berkshire Hathaway's geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices, the report said, citing a fundraising document.
But one thing he said really rattled Reddit's “FIRE” board, where half a million subscribers gather to share their thoughts on the “financial independence, retire early” strategy that's become a hot-button topic for millennials. Here's what set them off: 'Suze Orman was criticized as being elitist and out-of-touch for suggesting that you might need $5 million to $10 million to retire at 35. But she's not wrong under her framework, which is that in retirement, you want to live well, not poorly.
Health Savings Account Rules: 6 Little-Known HSA Tips That Will Save You Money
Because of all this, when it comes to finding artificial intelligence stocks, they are usually larger companies. Lithium Stocks to Buy Despite the Market's Irrationality OK then, which names are positioned to benefit? Well, let's take a look at five that stand out: Alphabet (GOOG) Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) CEO Sundar Pichai refers to the company as “AI first.
In one of the tightest labor markets in decades, employee happiness may be more important than ever for companies to retain good workers. Unemployment, which has remained at a nearly 50-year low for the past few months, climbed slightly in December to 3.9 percent. However, the rise in the unemployment rate likely stemmed from a jump in the labor force participation rate -- not a shortage in new jobs -- because at 63.1 percent, it's at the highest level in more than a year, tied for the highest rate since 2013.
Then we talked about community festivals where she could show her work and sell it. Most of the festivals required an entrance fee, so she did a lot of research and entered a couple, to try it out. She sold several paintings and even got a couple of custom orders.
It took the worst corporate scandal in automotive history for Volkswagen to make the necessary decision to transform itself into an electric car company. The world's largest car maker will spend $50 billion over the next five years to develop 50 new electric models, an increase from six today, and produce 1 million electric cars by 2025. This radical reinvention is exactly what is needed to stave off a challenge from Tesla (TSLA) and a band of upstarts from California and China that are building for an electric future.
Lenders approved the termination of the lease for the tenant, Gulliver's Gate, at the end of last year, according to debt filings. Kushner Cos. -- owned by the family of Jared Kushner, the White House senior adviser and son-in-law of President Donald Trump -- is seeking tenants for the space, but “there have been no firm” letters of intent, according to the records. Any loss may affect Kushner Cos.' ability to keep up with debt payments on the Times Square property, one of the company's most valuable in the city.
Vanguard founder Jack Bogle, who died this week at the age of 89, has been rightly celebrated as one of the most important innovators in the history of capitalism, upending Wall Street retail brokerage and the mutual fund industry. Bogle's winning bet that the average market return would beat most active managers includes an important, if counter-intuitive lesson about success: the path to it does not always mean you have to spend more, or stretch. If Vanguard Group founder Jack Bogle, who died this week at the age of 89, represented the pinnacle of American success, his success is one that includes a counter-intuitive lesson.
Is a trade war truce in the offing? Trade war stocks rally. With CNBC's Melissa Lee and the Fast Money traders, Carter Worth, Tim Seymour, Dan Nathan and Guy Adami.
Tax filing software makes a taxpayer's IRS filing experience easier to manage, while hunting down every dime's worth of tax breaks and deductions so consumers can keep more cash in their pocket, and less in Uncle Sam's. Which online tax software works best for you? If so, you can prepare and file your taxes using the IRS' free tax filing program (called IRS FreeFile) which is available to taxpayers who qualify.
Disney's stake in Hulu and its ownership of BAMtech led to a loss of more than $1 billion in the latest fiscal year. Direct-to-consumer losses should continue to surge as Disney ramps up Disney+, its new streaming service. Disney DIS isn't launching its new streaming service until later this year, but investors are already learning the economic challenges of the business.
ConEd's dividend growth history places it on the exclusive list of Dividend Aristocrats, a group of stocks in the S&P 500 Index with 25+ consecutive years of dividend increases. ConEd offers a safe dividend and will continue to pay its dividend even during a recession. Given the recent volatility in the stock markets, ConEd's rock-solid dividend becomes that much more valuable for income investors.
J. Bradford Delong wrote a very interesting article discussing the trigger for the next recession. While I agree with Bradford's point, I think there is a disconnect between the crises he points out and repeated behaviors which lead to those events. Click here to read more on Iris.
Hundreds of cannabis investors had the opportunity to hear some of the industry's major players make their case in person Wednesday at the Benzinga Cannabis Capital Conference in Miami Beach. Here's what iAnthus Capital Holdings Inc (OTC: ITHUF), Aurora Cannabis Inc (NYSE: ACB), CuraLeaf Holdings Inc (OTC: CURLF), MJ Freeway and the newly combined Cannex Capital Holdings Inc (OTC: CNXXF) and 4Front had to say. CEO Hadley Ford highlighted his company's M&A activity and growing national footprint.
Ford Motor Co. 's venerable horsepower-heavy F-150 pickup truck very soon will be available for purchase without an engine. After more than 40 years on the market, the company's highly popular "Built Ford Tough" pick-up will be going electric, according to Jim Farley, Ford's president of global markets. "We're going to be electrifying the F-Series - battery electric and hybrid," Farley said during a presentation at the Deutsche Bank Global Automotive Conference in the MGM Grand in Detroit on Friday.
Cramer used the call partly to give his latest views on the so-called FAANG stocks -- Facebook , Amazon , Apple , Netflix and Alphabet/Google , -- all of which his charitable trust owns except for Netflix. Here's his take on the four FAANGs that the trust currently holds: Facebook Cramer said his trust considered selling some Facebook shares on Thursday, but decided not to because "we think it's cheap, [and] we think that it's still getting a lot of business. But most important, we haven't had any headline risk, and this is a 'headline-risk' stock."
FedEx Corp (FDX.N) said on Friday it could take as much as $575 million in charges as it began offering voluntary cash buyouts to certain U.S-based employees in a bid to reduce costs. The parcel company announced in December that it would be offering voluntary buyouts to ease pressure on profits that have been hit by troubles in its express delivery unit and the integration of European company TNT. FedEx had said that the vast majority of its buyout offers would be made to workers at the FedEx Express unit, which has 227,000 employees, and at FedEx Services, which employs 30,000 people.
Small-cap stocks were down 17 percent in the back half of 2018, while the S&P 500 index was down by just 7 percent, Strategic Wealth Partners' Mark Tepper said during the "Trading Nation" segment. If the "January effect" trend is accurate, then small-cap stocks that underperformed in 2018 could generate a near-term gain for investors — but those looking for longer-term outperformance may want to reconsider, he said. Small-cap companies are typically more susceptible to economic downturns given the higher debt levels they hold versus large caps.
Kristi Mitchem, head of Wells Fargo & Co.'s asset-management unit, plans to leave after more than two years at the firm. She will depart Jan. 24, the San Francisco-based bank said Friday in an emailed statement. Kirk Hartman, Wells Fargo Asset Management's chief investment officer, and Nico Marais, the unit's president and head of multiasset solutions, will replace Mitchem as interim co-heads.
When a financial advisor says buy beta, he or she is usually referring to buying stocks and ETFs that have relatively high covariances in performance with the S&P 500. The standard deviation in returns over the given period would be equal. Meanwhile a stock with a beta of 2.0 has produced double the standard deviation in performance of the S&P 500 over a given timeframe (I use 3-year betas), while a stock with a beta of 0.50 has produced half the standard deviation of performance of the S&P 500.
The downturn is squeezing urban workers and entrepreneurs the ruling Communist Party is counting on to help transform China from a low-wage factory into a prosperous consumer market. Headline economic numbers still look healthy. Growth in 2019 is forecast at more than 6 percent, down only slightly from about 6.5 percent last year.
The regulations detailing the new 20 percent deduction for pass-through business owners are of critical importance to the operators of such entities, who range from mom-and-pop convenience store owners to private equity investors. The guidance, issued on Friday despite a four-week partial government shutdown that has many Internal Revenue Service employees on furlough, can cut those business owners' tax bills by as much as one-fifth. The IRS made a series of changes to make it simpler for businesses to determine if they can or can't get the tax break, a senior Treasury official said on a call with reporters.