Given the stock market’s volatility of late — on Monday the Dow clawed back from a 1,000-point drop — there’s a good chance many of us are seeking a stiff drink. As it turns out, the booze industry has plenty to offer on that front. In recent years, spirits producers have increasingly been touting bottles
Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of cryptocurrencies has evolved after digital assets attracted trillions of dollars in value and a rapidly growing ecosystem. On Monday, Blankfein was asked by CNBC’s Andrew Ross Sorkin for his view on the nascent asset class, who noted that the former banker has
Traders on the floor of the NYSE, Jan. 21, 2022. Source: NYSE Two factors that determine the direction of stock prices are 1) expectations of earnings increasing or decreasing, and 2) the market multiple (price/earnings ratio), which is an estimate on what investors are willing to pay for a future stream of earnings. Both are
Exxon Mobil (NYSE:XOM) stock is great again. Over the last year, it has outperformed even Apple (NASDAQ:AAPL). It opened Jan. 21 at $73.13/share, up 48% over the last trading year, bringing the market cap to $306 billion. Source: Jonathan Weiss / Shutterstock.com Despite this, it’s relatively cheap. The dividend still yields 4.8%. If it hits
As a sports fan, I sometimes watch with amazement as teams that are having a horrible game within a miserable season celebrate heartily after they made a few good plays. I wonder, “What are you so happy about? Overall, you’re doing horribly.” I have similar feelings towards those who are upbeat on AMC Entertainment (NYSE:AMC)
Traders, especially high-frequency traders, can take advantage of mispricings in the market, even if these inefficiencies last for just a few minutes or seconds. Mispricing can occur between two similar securities, like two S&P 500 ETFs, or within a single security, where the trading value differs from the net asset value (NAV). Market participants can exploit
Digital payments, financial services, and Bitcoin (CCC:BTC-USD) company Block Inc (NYSE:SQ) has started off 2022 the way it spent the final three months of 2021: watching its shares slump. After closing at an all-time high in August, SQ stock continued the volatility that has become one of its defining characteristics. Source: Sergei Elagin / Shutterstock.com A
President Joe Biden may reportedly sent thousands of U.S. troops, along with warships and aircraft, to Eastern Europe and the Balkans over fears of a Russian invasion. The option was one of several presented by Pentagon officials to Biden at a weekend Camp David meeting, the New York Times reported, citing administration officials. A meeting
In this article JPM GS Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August 16, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Bonus season has arrived on Wall Street, and the bankers who produced record revenue last year
Semiconductor stocks have seen solid returns in 2021. As a result, the PHLX Semiconductor Sector Index (SOX) is up around 12.5% in the past 12 months. Meanwhile, numbers from the World Semiconductor Trade Statistics show that global sales in the industry will likely grow close to 9% in 2022. Yet, despite these positive prospects, many
Gores Guggenheim (NASDAQ:GGPI) stock, when it eventually becomes Polestar, will hope for Simpsons-like success. Source: Jeppe Gustafsson / Shutterstock.com One of the reasons why the satirical animated sitcom The Simpsons has been around for more than three decades is its excellent writing. With sharp wit and a finger on the cultural pulse, the series has
Running a small business means keeping a tight handle on cash flow. One way to facilitate the movement of money in and out of your business is to expand your payment options to include credit cards. Allowing customers to pay via credit card can make managing cash flow less stressful and eliminate the delays associated
Do you like to ride on the backs of cryptocurrency whales? If so, then you’ll definitely want to check out Fantom (CCC:FTM-USD). Apparently, large-scale traders may be showing interest in Fantom in early 2022. Source: Wit Olszewski / Shutterstock.com Reportedly, one crypto whale recently purchased 500,000 FTM. That order was valued at $1,110,000 – clearly, somebody’s
The Federal Reserve is reversing course to fight inflation, but interest rates remain low, which means bond prices remain high. Meanwhile, stock valuations are high relative to earnings, in part because so much new money has flowed in during the coronavirus pandemic. Here’s a chart showing the aggregate forward price-to-earnings ratio for the S&P 500
In this article VRNT AMZN TSLA VMW WMT VMware at the NYSE, Dec. 14, 2021. Source: NYSE Stocks have had a rocky start to 2022, and further turbulence could be ahead for investors. That’s because the current macro environment has been one of the most volatile in recent memory. Inflationary fears, labor shortages and the
If you found a stock with a strong growth history that is expected to gain 30% this year, you’d be interested, right? Then maybe you should check out Amazon (NASDAQ:AMZN) stock. Source: Jonathan Weiss / Shutterstock.com Amazon has been through the ringer as of late. It’s down 23% since July and 14% over the last
For those that may be easily aroused to anger when it comes to contrasting opinions about the equities sector, you might want to turn away from this list of overrated stocks to avoid. While I’m not going to present a directly bearish thesis — as in ultra-speculative short-selling ideas — I do believe that economic
In this article UAL TRV AAL SIG F RF Check out the companies making headlines before the bell: Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue also beating analyst forecasts. Travelers benefited from stronger results in investment income and underwriting, and
Netflix (NFLX) offers its streaming movie and television service in more than 190 countries. However, the content you watch at home is not always available when traveling between countries. There are several reasons why your favorite show might not be viewable when crossing borders. Key Takeaways If you’ve ever tried to log into your Netflix
With the growth of online retail, I can understand the attraction retail investors have to ContextLogic (NASDAQ:WISH). However, WISH stock is down about 90% from its 52-week high. And the chart hasn’t given bulls much to be encouraged about since early summer. Source: sdx15 / Shutterstock.com That was when I first wrote about WISH stock.