The world watched spellbound as Neil Armstrong set foot on the moon 50 years ago. The Apollo 11 flight was an unsurpassed technological and human achievement. Few thought then that outer space would be a marketplace for commercial and consumer products. Then again, the Internet wasn’t born until October of 1969 and even then remained […]
Cannabis is, without a doubt, one of the most dynamic and exciting niches in the stock market. And if things don’t boom, well, heads roll. The co-CEO of weed stock Canopy Growth, Bruce Linton, says he was terminated after a particularly poor quarter. He would also no longer be serving on the company’s board of directors. […]
A decade of historically unprecedented near zero-interest rates provides a good backdrop for assessing the impact the Federal Reserve’s monetary policies have had on stimulating economic growth. The economy has undergone significant changes over the past thirty years. Are the traditional tools the Fed uses still applicable today? Any intelligent analysis of the current role […]
The concept of value investing was championed by many famous 21st century investors. Warren Buffet, his mentor Benjamin Graham, and reclusive hedge-fund billionaire Seth Klarman have made millions buying distressed assets on the cheap. Now, analysts at asset management firm AB Bernstein believe that technological advances, low interest rates and increased competition has made value investing […]
The market’s lengthy bull run is in no small part due to the increasing valuation of the nation’s biggest tech companies. Toni Sacconaghi, AB Bernstein’s senior technology research analyst, sees this trend coming to a halt very soon. According to Sacconaghi, the tech sector is now trading at 21.4 times forward earnings, the highest it […]
Homelessness is an American exploding problem. More than 40% of homeless Americans reside in either New York or California. California is particularly struggling. Los Angeles has more homelessness now than ever before in its history. The city’s homeless population increased by 16%, or more than 36,000 people. Los Angeles county alone saw its homeless population increase by […]
Walmart, the country’s largest brick-and-mortar retailer, has been in business since 1962. The company has a market cap of about $300 billion and more than $514 billion in annual sales. Yet Walmart can’t compare with profit success of Amazon. Amazon commands more than 38% of the U.S. e-commerce retail market. Walmart barely holds 5% of […]
Billionaire investor Leon Cooperman, chairman and CEO of Omega Advisors, believes that the stock market is in a “zone of fair value” at present levels. Nevertheless, he has recently taken to warning that a sharp move higher in stocks could alert investors to begin a “the close-out move,” meaning the end of what has been […]
President Donald Trump in 2018 infamously proclaimed that “trade wars are good, and easy to win.” He would be hard pressed to find many economic experts to agree with him. The president is unilaterally waging tariff wars on multiple fronts on a global scale. Trump has incrementally raised tariffs on Chinese goods since. In May […]
Allianz’s Chief Economic Advisor Mohamed El-Erian believes that the market is putting too much faith in the Federal Reserve. “We as the market base have gotten carried away — carried away thinking it will be 50 basis points in July, thinking we’re going to get three cuts by the end of the year.” The Fed meets next […]
