With gasoline prices through the roof at record highs, inflation running at 40-year record levels, and last year’s bullish stock market turn down into a genuine bear, it’s no wonder that the financial and economic worlds are looking like reruns of ‘That 70s Show.’ Market watchers remember that the bad times of the late 70s and early 80s were tamed only when Fed Chair Paul Volker sparked a recession with near-20% interest rates – and for investors under 45, just take note that Q1… Source link
Read More »Spokane Natives Christy and Scott Johnson Buy 32-Year Business Plese Printing and Marketing, Rebrand as Minuteman Press – Spokane
SPOKANE, Wash. –News Direct– Minuteman Press International Inc Plese Printing & Marketing, which has been in business for 32 years and is independently owned by Kim Plese, has been sold to Spokane natives Christy and Scott Johnson. Christy and Scott have rebranded the business as Minuteman Press – Spokane and are operating out of the same location at 4201 E. Trent Ave. Christy and Scott Johnson are the new owners of Minuteman Press – Spokane (formerly Plese Printing & Marketing) located… Source link
Read More »Stock Traders Buy High Volume of Put Options on Yandex (NASDAQ:YNDX)
Yandex (NASDAQ:YNDX – Get Rating) saw unusually large options trading on Wednesday. Stock investors purchased 1,814 put options on the company. This represents an increase of 1,437% compared to the average volume of 118 put options. A number of equities analysts recently issued reports on the company. StockNews.com cut Yandex from a “hold” rating to a “sell” rating in a report on Monday, March 7th. Citigroup cut their target price on Yandex from $75.00 to… Source link
Read More »2 Big Dividend Stocks With 9% Yield; Raymond James Says ‘Buy’
Inflation data dominated the market news at the end of last week, and rightly so. The May print, of 8.6% annualized gains in the consumer price index, marked a sharp reversal from the modest decline seen in April, and a new ‘highest level in 40 years’ data point. It reignited worries that the rosy projections – of a transient inflation, or of lower rates by early next year – are unlikely to reach fruition. Even though unemployment is low and wages are up, the declines in real… Source link
Read More »Lumber prices are tanking as rising interest rates means more Americans are finding it harder to buy a home
Lumber prices hit a nine month low as borrowing costs surge.Carolyn Cole/Getty Images Lumber prices are spiraling as red-hot house prices and the rising cost of mortgages is hitting affordability. Nearly 80% of National Housing Survey respondents reported now is the worst time to buy a home. It’s set to worsen as Americans foresee their financial situations deteriorating over the next year. Lumber prices have been on a steep decline as a combination of rising interest rates, record-high… Source link
Read More »Should I buy this big dip? Warren Buffett has spent a third of his cash hoard — so it might be a sharp idea to start nibbling
Should I buy this big dip? Warren Buffett has spent a third of his cash hoard — so it might be a sharp idea to start nibbling Warren Buffett is back in his element. After sitting on a growing cash pile for years, Buffett is finally opening up his wallet. The Oracle of Omaha deployed $51 billion in the first three months of this year. That’s roughly one-third of the cash pile his company, Berkshire Hathaway, had at the end of 2021. Here are all the stocks he added to the portfolio in the… Source link
Read More »Yandex (NASDAQ:YNDX) Receives Average Rating of “Buy” from Brokerages
Shares of Yandex (NASDAQ:YNDX – Get Rating) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is… Source link
Read More »Should I sell all my stocks and buy back in when the market is lower? Expert Michael Farr says that market timing is ‘nonsense’ — focus on this instead
Regular investors have a lot of questions about the stock market’s recent plunge. They want to know whether they should take advantage of the recent pullback (the S&P 500 is down 20% year to date), wait for a better opportunity or sell out entirely. It’s a natural question to ask. So MoneyWise chatted with fund manager and regular CNBC contributor Michael Farr to pick his investment brain about what to do in the current market. His advice is simple: don’t try to time it. “Market timing… Source link
Read More »Which beaten down stocks should I buy for the juiciest upside? Here are 3 high-growth tech ideas hitting fresh 52-week lows
Which beaten down stocks should I buy for the juiciest upside? Here are 3 high-growth tech ideas hitting fresh 52-week lows “Be fearful when others are greedy and greedy when others are fearful.” Of all of investing legend Warren Buffett’s memorable quotes, that’s probably his most famous. But it’s a lot easier said than done. When stocks are soaring, everyone wants a piece of the action. Meanwhile, the down-and-out stocks rarely get a second look. After the market rebounded from the… Source link
Read More »After Meltdown, Tech-Bottom Signals Have Yet to Scream ‘Buy Now’
(Bloomberg) — Calling the bottom in the tech-sector meltdown isn’t easy, even after a $5.5 trillion wipe-out, yet there are some signals giving investors hope. Most Read from Bloomberg Tech stocks have been hammered this year as rising interest rates, slowing economic growth and soaring inflation form a perfect storm of negative catalysts. That’s hurt everyone from retail investors who loaded up on Cathie Wood’s Ark Investment exchange-traded funds last year to deep-pocketed asset… Source link
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