|Day's Range||12.38 - 15.61|
Warren Buffett is not a coronavirus specialist.
In a relatively slow cannabis news week, we saw Democratic presidential candidate Mike Bloomberg issue share a criminal justice reform plan, which included proposals for the decriminalization of cannabis possession and the expungement of criminal records concerning cannabis convictions. On the other hand, Marc Lotter, President Donald Trump’s director of strategic communications said the federal government has no intention in legalizing marijuana. In Colorado, the Department of Revenue said cannabis sales were close to $1.75 billion in 2019.
ETFs are a good way to access broad markets. Berkshire Hathaway is the latest to see the merits of the investment vehicle and began adding some S&P 500 Index ETFs into its portfolio mix. According to its ...
The world's biggest democracy meets the world's largest economy next week, with U.S. President Donald Trump's scheduled visit to India Feb. 24 and 25. This is his first visit to India as president and comes at a time when bilateral relations between the two countries, though not hostile, leave much to be desired. Both Trump and Indian Prime Minister Narendra Modi share a rapport that stems from their fundamental similarities.
On Friday, the Invesco QQQ Trust (QQQ) decreased 1.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.9% and SPDR S&P 500 ETF (SPY) dropped 1.1%. Dragging on the markets, the IHS Markit’s Purchasing Managers’ index of services sector activity slipped to its lowest level since October 2013 and revealed a contraction for the first time since 2016, Reuters reports. “With the stock market overvalued and extended, especially with tech stocks being overweight, when you get these negative data points, it is an excuse to take some profits,” Mike Gibbs, director of portfolio and technical strategy at Raymond James, told Reuters.
Looking at this from another technical angle (Elliott Wave), it’s likely that we are in Primary Wave 5 of this bull market (or the last major wave higher). Primary Wave 5 started at the end of 2018 -- and based on the current grind-higher price action, most likely we are in Major Wave 3 with Waves 4 and 5 still to come. Based on the size of Primary Wave 1, which started in March 2009 and ended in April 2011, we can see Primary Wave 5 extend to the 3,600 to 3,700 region.
The House of Representatives was briefed on the matter by intelligence officer Shelby Pierson, who shared the conclusions of various intelligence agencies on the matter with the lawmakers, the Times reported Thursday. Russian government has "developed a preference" for Trump, Pierson, a close aide to former acting director of national intelligence Joseph Maguire, is said to have told the House members.
Portfolio Manager Jay Kaplan recaps investors on how our Dividend Value Approach performed in 2019 and how 2020 may be better Continue reading...
U.S. markets and stock ETFs retreated Thursday on growing fears that the coronavirus outbreak could be more contagious than previously believed. On Thursday, the Invesco QQQ Trust (QQQ) decreased 0.9%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.4% and SPDR S&P 500 ETF (SPY) dropped 0.4%. The broad markets declined sharply in early morning trading and remained depressed throughout Thursday after a Global Times report revealed a central Beijing hospital had showed 36 new cases, fueling fears of a spreading contagion in China's capital, Reuters reports.
So far this year, it hasn’t taken much of a blow to knock investor sentiment back down after bubbling up – and that’s a good sign for stocks, according to at least one strategist.
The Democratic event in Nevada was the precursor to the next debate to be held in Charleston, S.C., on Feb 25. Michael Bloomberg, a latecomer to the race, failed to make a favorable impression. Senator Bernie Sanders attacked Bloomberg for the latter’s support of “stop-and-frisk” policing.
The COVID-19 virus has infected 75,204 worldwide as of Wednesday and killed more than 2,000, according to the World Health Organization. In the U.S., 15 cases of the new coronavirus, a close cousin of SARS and MERS, have been reported, according to the Centers for Disease Control.
Thursday’s economic data earnings releases are poised to shed more light on the impact of the coronavirus to the domestic economy and individual companies.
U.S. markets and stock ETFs climbed Wednesday after China promised to support local business with another round of stimulus measures to combat the slowdown in the wake of the coronavirus contagion. On ...
The coronavirus outbreak has taken a bite out of the stocks of major cruise operators over the past month. But once these concerns wane, shares of cruise companies could be in for smoother sailing, as underlying trends in the cruise industry remain largely positive, according to multiple analysts.
Many investors undertake tax-loss harvesting at the end of every tax year. The strategy involves selling stocks, mutual funds, exchange-traded funds (ETFs), and other investments carrying a loss to offset realized gains from other investments. The Internal Revenue Service (IRS), many states, and some cities assess taxes on individuals and businesses.