Tag Archives: Finance

TipRanks Analysts Say ‘Buy the Dip’ in These 3 Stocks Smart stock investing shouldn’t be emotional, but investors are only human, after all, making it difficult to follow a rational trading strategy. Investors should remember the advice of Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” What Buffett is advocating is the oldest of market advice: buy low and sell high. Taking this into consideration, we set out on… Source link

Benzinga Bitcoin Could Boom 430% but Ethereum May Still Steal its Thunder Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side. U.S. President Joe Biden’s $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin. A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID… Source link

TipRanks 2 “Strong Buy” Stocks From Oppenheimer’s Top Analysts Both the S&P 500 and the Dow Jones average have closed at record highs, and the NASDAQ has reversed the brief foray it took into correction territory in the second week of March. The market gains reflect several factors: relief that the $1.9 trillion COVID aid bill passed Congress and was signed by the President; a general optimism that the ongoing vaccination program will allow a normal economic environment sooner rather… Source link

TipRanks The Race for Vaccine Against COVID-19 Variants Heats Up; 3 Stocks to Consider Let’s talk about the economy and COVID-19. Normally, this is a subject that will dwell on the economic disaster of the past year – the sharp recession last winter, the huge spike in unemployment, the unprecedented surge in government debt. All of these are important, even urgent, topics for discussion, but we’re here to talk about vaccines and opportunity. Specifically, the vaccines coming out of the… Source link

The New York Times How Cuomo’s Team Tried to Tarnish One of His Accusers Days after Lindsey Boylan became the first woman to accuse Gov. Andrew Cuomo of sexual harassment, people tied to the governor started circulating an open letter that they hoped former staff members would sign. The letter was a full-on attack on Boylan’s credibility, suggesting that her accusations, made in a series of Twitter posts in December, were premeditated and politically motivated. It disclosed personnel… Source link

Bloomberg ARKK Copycat Is Beating Cathie Wood’s Original by 10-Fold (Bloomberg) — A tiny ETF tracking innovative companies is quietly outpacing one of the most famous investments on Wall Street.The Direxion Moonshot Innovators ETF (MOON) has risen 39% this year, compared to ARK Innovation ETF’s 3.5% gain, according to data compiled by Bloomberg.Cathie Wood’s flagship fund, known by its ticker ARKK, became one of the top-performing exchange-traded funds in the past year thanks to big… Source link

The Federal Reserve is running into a unique challenge as it kicks off its second policy-setting meeting of the year: maintaining easy monetary policy through what could be the fastest economic recovery in history. “There’s a lot left to do,” said Fed Chairman Jerome Powell at a Wall Street Journal event on March 4. “We have a lot of ground left to cover and good reason for optimism.” The Federal Open Market Committee (FOMC) is expected to release its quarterly economic forecasts on… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can… Source link

Bloomberg Trader Arrested as WallStreetBets Phenomenon Finds Echo in Japan (Bloomberg) — A retail investor buys shares in a small company, touts his position on social media and inspires a horde of followers to do the same. The stock price goes to the moon — before crashing back to earth.It’s an all-too-familiar tale to anyone watching the market in 2021, but this wasn’t GameStop Corp. It wasn’t even in America. And it happened in 2018.It was in the Japanese city of Osaka, where a day… Source link