Leon Cooperman, the Chairman and CEO of Omega Advisors, is well known for his value investing and fundamental analysis. His firm, founded in 1991, and currently has $3.4 billion in assets under management. In this interview, Cooperman touched on everything from the stock market to tariffs enacted by the Trump administration. Regarding stocks, Cooperman said he […]
It has been four months since stocks hit their low reading back in February. Since that low, the Russell 2000 has been outperforming the S&P 500 by a wide margin. In fact, the Russell has nearly doubled the return of the S&P with returns of 14.5% and 7.4% respectively. What is even more interesting is […]
Demand, meet supply. And prices fall. Oregon authorities say that the state has a glut of more than 1 million pounds of legal marijuana. The state has a population of about 4.1 million people. That’s about a quarter-pound of pot for every resident for a drug that normally is sold in fractions of an ounce. […]
Ronald Reagan’s budget chief David Stockman says the stock market could fall in value by half if a recession kicks in, calling the current market levels “crazy.” The expansion is getting too long, Stockman warns, and there is little behind President Trump’s economic policies to fend off disaster. “I call this a daredevil market. It’s […]
Growing old is a privilege, but to do so in prosperity requires some forward planning. Without proper retirement planning you could fall prey to what financial planners call “longevity risk” — outliving your retirement fund. This means more than just sorting out your contributions to an pension but making a full plan for retiring in […]
The increase in volatility since the end of January has caused some concerns for investors. It has also presented some buying opportunities as well. The main reason for the volatility is the ongoing trade negotiations and the possible trade war. The threat of tariffs from the U.S. and retaliatory tariffs from other countries has taken a […]
Those who purchased stock in Microsoft in the early days, when Bill Gates was introducing the personal computer operating system that would eventually dominate the market, saw the price of the stock rise astronomically from 37 cents in 1987 to $45 in 2000. After 2000, Microsoft stock followed a normal path for companies that have […]
Mad Money’s Jim Cramer doesn’t believe that Friday’s jobs report represents the true strength of the United States economy. He thinks things are going even better than the numbers suggest. Non-farm payrolls were up 223,000 versus estimates of 188,000. The unemployment rate fell to an 18-year low of 3.8 percent instead of holding steady at 3.9 […]
Egyptian billionaire Naguib Sawiris, a member of the Forbes 2018 global list of billionaires, says that he is investing half of his $5.7 billion fortune in gold. Sawiris says that the world is struggling in the midst of multiple global crises. He sees gold as a safe-haven investment that continues to be strong as ever. […]
Swiss bank UBS released a report warning that even a moderate rise in oil prices could trigger an US. recession — with huge political and economic impacts. Higher oil prices could cause increases in global inflation and stunt industrial growth, the bank warns. All it would take is for the barrel price of oil to […]
