Just about every president promises a new-and-improved Buy America plan, and just about every president leaves with disappointing results. Joe Biden is likely to be the next. Biden signed an executive order on Jan. 25 meant to boost federal purchases of American-made products, to strengthen the U.S. manufacturing sector. Federal law already requires this, but waivers are available if U.S.-made products cost too much. The Biden order will make it harder to get a waiver, while also requiring… Source link
Read More »Biden’s Green Energy Boom Could Send These Electric Vehicle Stocks Soaring
Elon Musk is now the richest person in the world–richer than Bezos. And Tesla (NASDAQ:TSLA) has gained over 700% in a year, while Chinese Nio (NYSE:NIO) has soared over 1,300% … Anyone who didn’t get in on those before they were hot shots missed the really big upside … and even diehard Tesla bulls can’t grasp that sky-high valuation … And there are other EV and EV-related stocks that are just growing their legs and have tons of room to run. They haven’t started pinging Wall… Source link
Read More »Apple and Google execs applaud Biden’s immigration plan
The Biden administration will keep DACA going. Getty The tech world is reacting… Source link
Read More »Stock futures rise ahead of Biden’s Inauguration Day
Stock futures rose Tuesday evening, extending earlier advances as investors looked ahead to the first actions of the incoming Biden administration. Contracts on the Dow added more than 50 points, or 0.2%, as the overnight session kicked off. Shares of Netflix (NFLX) spiked 12% in late trading after the company added more users than expected in the fourth quarter and surpassed 200 million paid subscribers for the first time ever. On Wednesday, all eyes will turn to the inauguration of… Source link
Read More »Joe Biden’s $1.9 trillion stimulus plan could wreck Wall Street’s favorite money-making trade
TipRanks Raymond James: 2 Big 7% Dividend Stocks to Buy Now Watching the markets with an eye to the main chance, Raymond James strategist Tavis McCourt sees both risk and opportunity in current market conditions. The opportunity, in his opinion, stems from the obvious factors: the Democrats won both Georgia Senate seats in the recent runoff vote, giving the incoming Biden Administration majority support in both Houses of Congress – and increasing the odds of meaningful fiscal support getting… Source link
Read More »How Biden’s student loan forgiveness could blow up your tax bill
TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link
Read More »How Biden’s November stock market surge compares to those of recent Presidents-elect
President-elect Joe Biden has watched the stock market surge as he prepares to take power next year. The rally appears to be driven largely by the spate of positive coronavirus vaccine news but has nevertheless been helped by some of Biden’s initial moves as President-elect. The Dow Jones Industrial Average (^DJI) broke 30,000 for the first time one day after the news broke that the President-elect had picked Janet Yellen as his Treasury Secretary. Mohamed El-Erian, the President of Queens’… Source link
Read More »President-elect Biden’s tax plan will likely make companies leave the US: NYC billionaire businessman
TipRanks Billionaire Ken Griffin Bets on These 3 “Strong Buy” Stocks Stocks have turned up since the end of October, buoyed by an election that may offer stability and by news that effective vaccines for the novel coronavirus are closer than we had dared to think. The quick market shifts are enough to make investors dizzy – or at least, to get them looking to the experts to make sense of the financial landscape.In times like these, the legends can offer some guidance. We are referring to… Source link
Read More »President-elect Joe Biden’s first stimulus plan may underwhelm by trillions: Goldman Sachs
A now President-elect Joe Biden is known in D.C. circles as a consummate dealmaker, the throwback politician with the unique ability to lend an olive branch to those VIPs in the Republican Party. Biden’s dealmaking prowess will be put to an early test amid renewed stimulus talks during the transition period to the White House and then ultimately, once he occupies the Oval Office. Strategists up and down Wall Street are placing their chips on Biden — probably dealing with a… Source link
Read More »How newspapers around the country covered Biden’s win
The election of Joe Biden was splashed across the front pages of newspapers in the United States and around the world on Sunday, a day after major media outlets called the 2020 presidential race in Biden’s favor. Many front pages featured images of Biden and Sen. Kamala Harris, who made history as the first woman, first Black person and first Asian American to be elected to the vice presidency. And virtually none of them included President Trump, who has yet to concede the race. The New… Source link
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