By David Randall NEW YORK, March 3 (Reuters) – ARK Invest founder and chief investment officer Cathie Wood reiterated her bullish position on Tesla and bitcoin on Wednesday while warning that the growth of digital wallets will “gut” traditional banks. Wood, whose $24.4 billion ARK Innovation exchange-traded fund is the largest actively managed ETF tracked by Lipper, said in a webinar her fund remains “opportunistic” despite the recent slide in the S&P 500 as investors have raised concerns over… Source link
Read More »Why Ark’s Cathie Wood remains bullish on Bitcoin, Tesla
TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link
Read More »Yahoo Finance Premium is bullish on Citigroup after earnings
The Daily Beast Incoming Dem Chairman to Trump Admin: Why Did You Slow Walk Ukrainian Disinfo Sanctions? Zach GibsonA top Senate Democrat wants answers from the Trump administration about what he calls a suspiciously-timed sanctioning of the man behind the bogus narrative that Ukraine, not Russia, interfered in the 2016 election, and a promoter of the debunked claims that President-elect Joe Biden acted corruptly to help his son’s business in the country.On Jan. 11, the Treasury Department… Source link
Read More »Yahoo Finance Premium is bullish on Citigroup after earnings
TipRanks 2 Big Dividend Stocks Yielding at Least 10%; Here’s What You Need to Know Stock markets are up and holding near record high levels, a condition that would usually make life difficult for dividend investors. High market values normally lead to lower dividend yields – but even in today’s climate, it’s still possible to find a high-yielding dividend payer. You need to look carefully, however. The market story of the past year has been unusual, to say the least. Last winter saw… Source link
Read More »Trump signs $900 billion stimulus bill and Goldman Sachs couldn’t be more bullish about it
The bulls should pop the icy cold Dom Perignon a few days early because dawdling President Trump signed the $900 billion COVID-19 relief bill, suggest the often optimistic forecasters at Goldman Sachs. On Monday, Goldman’s chief economist Jan Hatzius lifted his first quarter U.S. GDP forecast to 5% from 3% in large part from the effects of new stimulus checks to U.S. households. Hatzius left his expectation for sequentially improved GDP from from the second quarter through the fourth… Source link
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