As the first fund manager of the Fidelity Balanced Fund (1986), I enjoyed a target rich environment. Clearly in a bull market and rocketing up from the stocks-below-book-value lows of 1982, equities had dividend yields of 3.5% and sold for 17x earnings. Ten-year government bonds, also in a major bull phase, had a 7.5% coupon. […]
It’s an important week for bank-stock investors as financial behemoth Bank of America (NYSE:BAC) plans to report its fiscal first-quarter 2021 results on the morning of April 15. With that, we should expect to see higher trading volumes on BAC stock.The projections are mixed. Reportedly, Wall Street is preparing for Bank of America to post […]
Big bank earnings season is just around the corner, and U.S. Bancorp landed a big Wall Street upgrade on Thursday ahead of its upcoming report.The Analyst: J.P. Morgan analyst Vivek Juneja upgraded U.S. Bancorp from Neutral to Overweight and raised his price target from $53 to $60. Juneja also raised price targets of the other […]
There’s always been one unspoken and grand vision in the world of personal finance and banking: to have a single organization that can give you all the financial tools, services, products and advice you need at every stage of your life.This vision has existed for a while but has never properly materialized.The first instance of […]
We’ve seen a number of SPACs (special purpose acquisition companies) like Social Capital Hedosophia V (NYSE:IPOE) take a big hit in recent weeks. A lot of those selloffs seem merited. The one in IPOE stock, however, does not.It’s pretty obvious that broadly speaking, the SPAC trend simply went too far. We saw one SPAC rise […]
A couple ARK exchange-traded funds run by ETF star Cathie Wood sold over 225,000 shares of PayPal Holdings, Inc. (NASDAQ: PYPL) shares on Wednesday, as the price of these ETFs gained over 2% in Wednesday’s session. These ETFs are up well over 100% in the last year.ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 161,846 shares […]
The up-and-down story of Ripple (CCC:XRP-USD) is on an upswing. Some cryptocurrency watchers say this could be the breakout that will push XRP to an all-time high of $3.40. And while it will take a while for the cryptocurrency to surpass that high, the odds may have gotten a lot better.Ripple remains an intriguing cryptocurrency. […]
It’s interesting the way a company can completely fly under the radar until a special purpose acquisition company (SPAC) is mentioned. A case in point would be LM Funding America (NASDAQ:LMFA), as Wall Street didn’t seem to care much about LMFA stock until a SPAC spin-off was announced.In actuality, I’ll admit that the SPAC angle […]
In a report released today, Patrick O’Shaughnessy from Raymond James maintained a Buy rating on Broadridge Financial Solutions (BR). The company’s shares closed last Monday at $157.31, close to its 52-week high of $158.36.According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 11.8% and a 70.3% success rate. O’Shaughnessy covers the […]
There was a lot of caution around Mastercard (NYSE:MA) as a company when we were in the middle of the Covid-19 pandemic. With global economic uncertainty and spending on a low, some investors were unsure of grabbing the stock even when it was below the $250 levels.However, the stock has since climbed to new highs […]
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