American Funds has been offering mutual funds since 1934. Based in Los Angeles, it is a subsidiary of global asset manager Capital Group. Capital Group is America’s seventh-largest asset management firm with assets under management (AUM) of $1.7 trillion, as of June 2020. It provides wealth management and financial advisory services to high net-worth individuals,
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General Electric (NYSE:GE) stock has had quite the saga — the company has been in turnaround mode for over three years now. Source: Sundry Photography / Shutterstock.com GE has installed two different CEOs, sold off countless divisions, and made all sorts of strategic changes. It has also been through a variety of crises, both external
It has been a fantastic year for big capitalization tech stocks. And even among that distinguished group, Nvidia’s (NASDAQ:NVDA) results have been noteworthy. NVDA stock is 182% over the past year, and 97% over the past six months. Source: Antonio Baccardi / Shutterstock.com However, after a scorching run in recent years, it’s hard to see how
Investment Thesis Headquartered in Lancaster, Pennsylvania, Fulton Financial Corporation (FULT) is a $24.6 billion asset holding company and parent to Fulton Bank. With its more than 3,500 employees and 230 branches, FULT offers a very wide variety of financial services throughout its five state footprint. FULT currently has operations in Delaware, Maryland, New Jersey, Pennsylvania,
One of the pivotal reasons why electric vehicles have soared this year is due to their relative simplicity. Historically, Chinese automobile manufacturers attempted to compete with their Japanese and Korean counterparts, only to be met with failure. The reality is that making quality internal combustion engine cars is difficult. But with EV batteries, most of
Investment Thesis I am at a “buy” on Anglo American due to its diverse portfolio of mines and commodities, coupled with a good growth outlook and a fair balance sheet. It is a company that will provide resilience in your portfolio for many years. Company Summary Anglo American (AAL.LSE)(OTCQX:AAUKF)(OTCPK:AAUKY)(OTCQX:NGLOY) is a mining company with over
With Workhorse (NASDAQ:WKHS) facing multiple new risks on top of numerous red flags, I continue to recommend that investors sell WKHS stock. Source: Photo from WorkHorse.com A new report by a short-selling firm includes damaging information about Workhorse. Moreover, the shares are likely to be hurt in the short- and medium-term by the delay of
Check out the companies making headlines before the bell: Bank of America (BAC) – The bank beat estimates by 2 cents with quarterly earnings of 51 cents per share, though revenue was slightly below Wall Street forecasts. The bank set aside $1.4 billion for possible loan losses, significantly smaller than the amounts it had set
Sunrun (NASDAQ:RUN) has been a jaw-dropping trade lately. Even after a recent sell-off, RUN stock is up 350% year-to-date. Sounds great, right? Source: IgorGolovniov / Shutterstock.com Normally, you’d expect some huge fundamental developments to justify a stock price quadrupling. But there aren’t any here. Sunrun’s sales are actually declining. For Q2, its operating loss was
Small cars have never sold well in the United States. ElectraMeccanica (NASDAQ:SOLO) – an electric vehicle pioneer that is on the cusp of bringing a purpose-built, single-seat, three-wheel electric car (dubbed Solo) to market in late 2020 – hopes to change this reality and sell a bunch of “tricycle” EVs over the next few years. If
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects:Earnings: $2.23 per share, a 17% decline from a
Check out the companies making headlines before the bell: Walgreens – The pharmacy chain operator reported adjusted quarterly profit of $1.02 per share, 6 cents above estimates, with revenue also above forecasts. Walgreens also announced a 2.2% dividend increase. The shares added 2% in premarket trading as of 7:40 a.m. ET. Morgan Stanley – Morgan
Some people don’t understand that you can actually be a seller of options. They think that you can only buy a put or buy a call, but this is not the case. Just like a car dealer will sell you a car before it’s even in their inventory, you can do the same thing with
Approximately 2,000 Robinhood accounts were accessed by hackers and looted during the week of October 5, according to Bloomberg. Victims told Bloomberg that their trading accounts were hacked in spite of already having set up account protection. A Robinhood spokesperson tells us, “A limited number of customers appear to have had their Robinhood account targeted
As Shopify (NYSE:SHOP) continues surging, investors will look back at 2020 as a year of FOMO – the Fear of Missing Out. SHOP stock now up 170% since the beginning of the year and 3,700% since its 2015 IPO, and it’s not alone. Source: justplay1412 / Shutterstock.com Tech stocks, led by work-from-home companies, have rocketed
Most investors typically value precious metals as safe havens in times of an economic downturn. Due to the novel coronavirus-led market slowdown, several investors have turned to precious metals in protecting their investments. For example, gold prices have risen over 27% in the past year compared to 19% growth in the S&P 500 index. However,
Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images Company: ON Semiconductor Corp (ON) Business: A premier semiconductor company that focuses on power and sensor products. ON Semi’s segments include (i) Power Solutions Group, which offers a range of discrete,
Check out the companies making headlines before the bell: Pfizer, BioNTech – Pfizer Chairman and CEO Albert Bourla said the vaccine candidate under development by the two drug makers could be ready for an Emergency Use Authorization application by late November. Separately, Pfizer and BioNTech are scaling up manufacturing capability for their experimental coronavirus vaccine,
I’ll start with some good news. Independent exploration and production company Marathon Oil (NYSE:MRO) reinstated its dividend this month. The payout — suspended during the energy collapse earlier this year — will be payable Dec. 10 to MRO stock holders of record on Nov. 18. While the payout is modest at 3 cents per quarter,
Palantir Technologies (NYSE:PLTR) went public on Sept. 30 via a direct listing, one of the few companies that have chosen to take this route. But after reading through the public S-1 filing with the SEC I find little reason to own PLTR stock. Source: Sundry Photography / Shutterstock.com This is despite the fact that I