Tag Archives: portfolio

[unable to retrieve full-text content]Billionaire Bill Ackman Has Almost 20% of His Pershing Square Portfolio Invested in This “Magnificent Seven” Stock  Yahoo Finance Source link

Jaw-dropping layoff announcements from giant tech names Amazon (AMZN) and Salesforce (CRM) to kick off 2023 may not make their battered stocks great buys just yet. “I think we go through this round of quarterly earnings reports and hopefully companies guide very ugly because it’s in their benefit to do so for next year,” veteran tech watcher Paul Meeks explained on Yahoo Finance Live (video above). “So they announce their blood-letting, whether it being operational costs including trimming… Source link

Veteran tech watcher Paul Meeks says the bears may have more meat to rip apart from the carcass that is Tesla’s stock price. “Unfortunately, if you’re a chartist, a technical analyst, there is no floor on this stock,” Meeks, a portfolio manager at Independent Wealth Solutions, said on Yahoo Finance Live (video above). “Does it go all the way back down to $29? I actually, over the next couple of years, wouldn’t be surprised.” Tesla shares last traded under $30 a share back in Jan. 2020, per… Source link

The U.S dollar (DX-Y.NYB) has been on a tear this year, and foreign currencies sliding against the greenback is causing trouble for countries with debt and trade invoices denominated in dollars. As part of Yahoo Finance’s ongoing series, “What to do in a bear market,” we checked in with the experts on what the strong U.S dollar means for asset prices and how investors should position their portfolios. Why has the dollar strengthened so much against other currencies? So what’s pushing the dollar… Source link

It would make sense that the growth of environmental, social, and corporate governance (ESG) funds would benefit an EV automaker like Tesla (TSLA). But why isn’t its stock getting an even bigger lift from ESG asset managers? Short answer: Not everyone in the business of socially responsible investments is convinced that Tesla, and its controversial founder and CEO, Elon Musk, is a pure play in the ESG world. To be sure, Tesla and its stock has made a lot of headway. “What they’re doing is… Source link

Battered investors hoping for a reprieve from the teeth of the bear market may have to wait until early 2023. That’s the blunt assessment from Pimco portfolio manager Erin Browne. “I think it [the bear market] will continue into the first quarter of next year because the Fed is going to keep hiking [rates],” Browne warned on Yahoo Finance Live (video above). “And so it’s hard to have with any certainty right now what next year will bring.” That’s hardly welcome analysis in what has been a… Source link

After a grisly 1H22 which represented the stock market’s worst performance since 1970, the second half is shaping up to be a bit of a disappointment too. After clawing back some of the losses, it’s been onto the slide again with the S&P 500 almost back to the mid-June lows. The bad news, according to billionaire investor Carl Icahn, is that things could still get worse from here. “I think a lot of things are cheap, and they’re going to get cheaper,” said Icahn, pointing to the… Source link

ARK Invest founder and CEO Cathie Wood relinquished her role as portfolio manager at two of the investment management firm’s exchange-traded funds, according to a regulatory filing. William Scherer, who has served as a trading manager at ARK since 2014, has been appointed to handle investments in place of Wood for the company’s two index funds, ARK 3D Printing ETF (PRNT) and ARK Israel Innovative Technology ETF (IZRL) beginning September. The 3D printing-focused fund has a net value of… Source link

On a recent episode of “Influencers Andy Serwer,” Northrop Grumman CEO Kathy Warden reflected on space exploration and the aerospace industry’s bright future. “Space is the most exciting area of our portfolio at the moment,” Warden told Yahoo Finance. The U.S. aerospace industry saw serious challenges during the COVID-19 pandemic, shrinking by 87,000 jobs and seeing total revenues drop 2.8% to $874 billion between 2019 and 2020, according to the most recent Aerospace Industries… Source link

Now that we’re into the third quarter, we’re stating to see the pundits sound off on what the Q2 economic data will show – and some of them are openly saying that second quarter GDP will record a contraction. Coming on the heels of the 1.6% contraction in Q1, this will put the US in a technical recession. Along with rising inflation and the Fed’s turn to higher rates and monetary tightening, this adds up a darkening economic picture. But Jim Cramer, the well-known host of CNBC’s… Source link