Tag Archives: highs

The long pause between record highs is bullish

The long pause between record highs is bullish

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The S&P 500 closed at a record high on Monday, its second straight record close after Friday saw the index break a two-year streak without a record high. And stock market history suggests this break between records portends a better-than-average year ahead for the S&P 500. In a note to clients on Monday, Keith Lerner, co-chief investment officer at Truist, noted that in 13… Source link

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Gas prices in California ‘are retesting their 2022 highs,’ pushing up national average

Gas prices in California ‘are retesting their 2022 highs,’ pushing up national average

Gas prices in California are heading painfully higher once again, sending the national average up for the second straight week to over $3.80 per gallon. The average price for a gallon of gas in California was $6.41 on Tuesday, according to AAA, roughly $0.03 short of the record set in June. In Los Angeles County, the average price for a gallon of gas was $6.46 compared to the national average of $3.81. “That’s very much a disproportionate increase,” GasBuddy Head of Petroleum Analysis… Source link

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3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income

3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income

3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income Inflation is on a white-hot tear. U.S. consumer prices surged 8.3% in April from a year ago, down slightly from 8.5% in March, but still near 40-year highs. Whether central bankers believe inflation is short-lived, prices are on the rise right now. To preserve purchasing power, investors usually turn to assets like gold and silver during inflationary times…. Source link

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Why Buffett Is Buying Energy Stocks At Multi-Year Highs

For decades, Berkshire Hathaway (NYSE:BRK.B) Chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as tech and energy. However, he finally pulled the trigger on PetroChina Co. (NYSE:PTR) in 2002 and Apple Inc. (NASDAQ:AAPL) in 2011. The Oracle’s foray into energy and tech initially paid off after he realized a tidy $3.5B profit on PetroChina, while his $158 billion… Source link

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