My view of IBM (NYSE:IBM) stock is quite mixed right now. The tech giant’s cloud business has rebounded under its new CEO, Arvind Krishna, but my positive thesis on IBM stock has a second component: the strong management and sales skills of Jim Whitehurst, the former CEO of the highly successful start-up Red Hat. Source:
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You’d think this guy would know better. A Virginia tax preparer was convicted of failing to file tax returns for himself for five years, as well as preparing false tax returns for many of his clients. Karl Burden-El Bey, 65, of Hampton, Va. was found guilty by a federal jury of not filing any tax
Call it a safety stock, or an all-weather investment. Through thick and thin, McDonald’s (NYSE:MCD) provides comfort food – and comfort when markets turn sour – as MCD stock is a dividend yielder that’s appropriate for just about any portfolio. Source: Nixx Photography / Shutterstock.com Sometimes people feel that the markets are due for a correction,
Retirees and near-retirees may not need to reduce or eliminate their fixed income exposure out of a concern for higher global inflation and interest rates. I say that not because they’re wrong to believe that higher inflation and interest rates would be generally bearish for bonds. But retirees may be overlooking the bond market of
The short-squeeze rally in meme stocks like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) is poised to go down in financial history books in terms of shareholder gains. However, a short squeeze is only a temporary phenomenon if the underlying business lacks solid fundamentals. This would be true even for GameStop and AMC if their sky-high
It was almost every kind of modern-day financial swindle rolled into one. The mastermind behind an elaborate stolen credit-card scam that used bitcoin, burner phones and digital wallets such as Apple Pay AAPL, -0.42% to swipe more than $600,000 in luxury goods, has been sentenced to three years in federal prison. (Apple was not immediately
Margarita Rodriguez is an early riser, waking at 3 a.m. to prepare for her 4:30 a.m. shift at a Passaic, N.J. delicatessen. But on Thursday, July 15, Rodriguez has something special planned for her morning routine. As soon as she’s up, she’ll check her bank account to see if the Child Tax Credit money for
Zevia PBC, a beverage company that makes zero-calorie and zero-sugar beverages with “clean” ingredients, has filed to go public. The Encino, Calif.-based company plans to list class A shares on the New York Stock Exchange under the ticker “ZVIA.” Zevia expects to offer 14.3 million shares at $13 to $15 each. That would value the
A group of new athletes will join the Major League Baseball family this week as the MLB holds its annual draft. The Pittsburgh Pirates selected Louisville catcher Henry Davis with the first overall pick and the Texas Rangers grabbed Vanderbilt pitcher Jack Leiter — son of retired big league All-Star Al Leiter — with the
Many portfolio managers are increasingly bullish, even with the stock market trading around all-time peaks, according to Citigroup Inc. “Investors want markets to move higher, underscoring the reality that investment professionals are paid to participate and not to sit back and wait for better entry points,” the Citi analysts said in a research note published
There are different ways to get exposure to precious metals. Sure, you can own physical bullion – but you can also invest in Barrick Gold (NYSE:GOLD) as GOLD stock is strongly correlated with the yellow metal’s price movements. Source: allstars / Shutterstock.com Here’s something you’re probably heard: the Federal Reserve called inflation “transitory.” If you’re a
In early February, InvestorPlace’s Luke Lango suggested that FuboTV (NYSE:FUBO) was headed to $200. In mid-April, Lango reiterated his assertion about FUBO stock. Source: monticello / Shutterstock.com It’s one thing for a bunch of Reddit yahoos to be calling for a $200 share price. But, heck, some of them still believe Castor Maritime (NASDAQ:CTRM) is
Clean Energy Fuels (NASDAQ:CLNE) stock has a long and not all that successful history. Source: ZikG / Shutterstock.com Famed energy investor Boone Pickens launched the company way back in 1997 as Pickens Fuel. It rebranded in 2001 to its current name, Clean Energy Fuels and it trades as CLNE stock on the Nasdaq. Pickens passed
A happier title for today’s note is: Three stocks to buy going into the holidays. However I mean to scare readers by sounding more bearish than I really am about these companies. In the long run, these are stocks to buy with confidence but from better vantage. For now they are stocks to avoid. The
Zomedica (NYSEAMERICAN:ZOM) illustrates the expression “buy the rumor: sell the news.” At the beginning of 2021, ZOM stock was trading at 35 cents a share. However, in mid-March, the stock was up 778%. This is because the company was preparing to launch its point-of-care diagnostic tool, Truforma, for dogs and cats. Source: didesign021 / Shutterstock.com However,
I’m officially in summer mode. The salty sea air. Ocean views. A love … of tech stocks. My hot vax summer is simple and breezy. But my relationship with Palantir (NYSE:PLTR) stock is a lot more complicated. Source: Ascannio / Shutterstock.com I’ve always had a very on again, off again relationship with PLTR stock. My
As Jeff Bezos hands the proverbial car keys of Amazon (NASDAQ:AMZN) to new CEO Andy Jassy, he’s giving him not just a Ferrari, but an army of them. AMZN stock has a market capitalization of almost $1.8 trillion – a number I’d have though impossible just a few years ago – which means Jassy has
There’s no denying it. Times have been tough lately for investors of mobile commerce company ContextLogic (NASDAQ:WISH). Since the company’s initial public offering (IPO), WISH stock hasn’t held up particularly well. Source: sdx15 / Shutterstock.com I won’t try to paint a rosy picture here. It’s a challenging situation if you’re an early investor. Yet, perhaps it’s
I’ve written about Denver-based software company Palantir Technologies (NYSE:PLTR) at least three times since arriving at InvestorPlace in my puke-green 1975 AMC Pacer. And my feelings about PLTR stock may be pretty similar to yours regarding my shag-carpeted lemon (lime?). Source: Ascannio / Shutterstock.com All I’ve seen is underperformance, unrealized hype and whole lotta rollercoaster.
It’s certainly possible that some Reddit traders have targeted BlackBerry (NYSE:BB) for a short squeeze in the past. That story is ongoing, as social media users could pump up BB stock again at some point this year. Source: Paul McKinnon/Shutterstock.com If you take a position in BlackBerry shares during a downturn, you might benefit from a future