For building retirement savings, 401(k) savings plans have become one of the better deals. Traditional 401(k)s allow you to save pre-tax dollars right out of your paychecks to build a retirement nest egg. The Roth 401(k) has been added to many workplace plans; it allows you to build savings that you can withdraw tax-free in retirement
Last month I wrote that BP (NYSE:BP) was at least 20% undervalued based on its free cash flow (FCF) and its new lower dividend. I still believe that BP stock is at least 22% too low based on its new situation. Source: FotograFFF / Shutterstock.com For example, on Oct. 27, the company reported its Q3
With the crazy world we’re living in, it was almost inevitable that the markets had at least one more surprise in store. Sure enough, a big one came last week in the form of a very positive third-quarter earnings report for ElectraMeccanica (NASDAQ:SOLO). The niche electric-vehicle (EV) manufacturer, specializing in the three-wheeled, single-seater Solo, reported
In line with my previous prediction, the recent robust economic recovery boosted Wells Fargo’s (NYSE:WFC) third-quarter results nicely. Meanwhile, the valuation of WFC stock remains extremely attractive and worries about the bank’s previous scandals are tremendously overdone. Source: Ken Wolter / Shutterstock.com Wells Fargo’s earnings per share came in at 42 cents, up from a
On June 1, DraftKings (NASDAQ:DKNG) closed at $43.70. This Monday, DraftKings stock closed about 2% lower. Source: Lori Butcher / Shutterstock.com That trading is somewhat interesting given what’s transpired over those five and a half months. Pretty much everything has gone right for DraftKings. The external environment has steadily improved. And yet, DraftKings stock has
John Malone chairman of Liberty Media Michael Kovac | Getty Images | Vanity Fair) Liberty Media Chairman John Malone said Amazon, Apple or Roku could potentially dominate in the crowded streaming space given their ability to scale globally. “I think these global platforms will be enormously powerful. And most product creates will be selling wholesale through these
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: FireEye — Shares of FireEye jumped 12% in extended trading after the cybersecurity company announced a $400 million strategic investment led by Blackstone. FireEye intends to use the proceeds to fund the acquisition of Respond Software and grow the company’s
A fiduciary duty exists in law when a person or entity places trust, confidence, and reliance on another to exercise discretion or expertise in acting on behalf of the client. The fiduciary must knowingly accept that trust and confidence. In the U.S. legal system, a fiduciary duty describes a relationship between two parties that obligates
Since I last wrote about Electrameccanica Vehicles (NASDAQ:SOLO) the bullish crowd has made my skepticism look positively absurd. SOLO stock is up almost 150% in the last month (as of this writing). That’s a pretty big can of crow investors are putting on my plate. And I’ll admit to a misstatement in my recent article
Shares of special purpose acquisition company Switchback Energy (NYSE:SBE) spiked on Nov. 17 on a wave that was triggered by good news in the electric-vehicle segment. Owners of SBE stock saw their holding rise some 15%. Source: Scharfsinn / Shutterstock.com The increase demonstrates the segment’s sensitivity and underscores the volatility associated with this immature area
Fisker (NYSE:FSR) is one of the hottest stocks in the red-hot electric vehicle (EV) sector. If you were an investor when the stock began publicly trading, you’ve seen the value of your investment nearly double (as of this writing). Source: Scharfsinn / Shutterstock.com Too far too fast? That remains to be seen. However, at some
CEO: Carol MeyrowitzCompany value: $33.309 billionCarol Meyrowitz joined TJX in 1983, eventually becoming president in 2005. She joined its board of directors the following year. TJX operates more than 2,900 discount retail stores, including TJ Maxx, Marshalls and Home Goods. David McGew | Getty ImagesInset: Essdras M Suarez | The Boston Globe | Getty Images
Investors and analysts use a wide range of technical indicators to assess the relative risk associated with a given stock. Optimal risk management involves being able to assess an investment’s risk and profitability potential from all angles, including its performance relative to that of the broader market. Consistent underperformance may be an indicator of limited growth potential
The shares of Inovio Pharmaceuticals (NASDAQ:INO) were on fire this spring after the company had become one of the leaders of the Covid-19 vaccine race. INO stock soared 860% in the first half of the year, comfortably beating the majority of its peers. Source: Shutterstock However, due to the lack of detail in the company’s
The world has changed, but this time it’s for the better. But amid a market made up of stocks and some of which are bound to outperform on both an absolute and relative basis, three ‘stay away’ companies are making breakouts worthy of being stocks to buy for your portfolio today. Wall Street received a
2020 will be remembered as the year of many things, most of which we’d probably just as soon forget. Source: Shutterstock But from an investing standpoint, we may well look back on 2020 as the year of the SPAC. We’ve talked about SPACs before. It’s an acronym for Special Purpose Acquisition Company, which is a
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters Pharmacy stocks fell sharply on Tuesday after Amazon launched its new Pharmacy offering, which includes online ordering and delivery for prescription drugs. Dow Jones Industrial average member Walgreens Boots Alliance dropped more than 11% in
Traders work the floor of the New York Stock Exchange. NYSE After surging on vaccine news, the stock market is more likely to stair step higher as the increase in virus cases competes with the promise of a more normal economy in the coming year. The S&P 500 rocketed higher on Pfizer’s Nov. 9 announcement
Tax Deductions That Went Away, Starting With 2018 Taxes The Tax Cuts and Jobs Act (TJCA) was signed into law in 2017 by President Trump. The Act nearly doubled the standard deduction and eliminated—or limited—many itemized deductions. The effect of the tax reform was that people who used to itemize on Schedule A took the
Beyond Meat (NASDAQ:BYND) reported its Q3 earnings on November 9 and they showed a significant slowing in revenue and profits. So why is Beyond Meat stock still trading as if the company’s growth is accelerating? This is not likely to last much further. Source: calimedia / Shutterstock.com Beyond Meat stock trades at very high multiples