Friday, November 15, 2024
Dear Investor, Share buybacks have become the rage for companies with large amounts of excess profits or free cash flow. Wall Street analysts love share buybacks as a way to “return capital to shareholders,” and many boards of directors give a lot of weight to what the analysts who follow their companies say. My opinion […]
After falling from $68 to a about $55, the oversold pharmaceutical stock is just starting to pivot higher. From a current price of $60.82, we’d like to see the stock retest $69.19. Over the last few days, Bristol Myers Squibb raised its quarterly dividend to $0.54 per share from $0.49, boosting the annual dividend to […]
Trend in the indexes are still up… Trend in many growth stocks is down… So we want to look for opportunities that are better matching the index trend pointing up. Right now, I’m looking at a trade that tends to do very well in December. Th stock has been consolidating for a few months and […]
Best Buy (BBY) shares have been clobbered, all thanks to disappointing gross margins in the company’s latest earnings report. However, after dropping from $140 to about $102.50, the pullback has become overkill. At current prices, not only has the BBY stock found strong support dating back to early 2021, but it’s also become aggressively oversold […]
There is perhaps no more exciting trend in technology today than the growing use of artificial intelligence (AI) in healthcare. And what is especially exciting is the fact that my favorite stock in this sector has been beaten down by Wall Street from a high of over $35 a share to around $15 a share […]
Dear Reader, Those of us out in the real world, buying gasoline, bacon, Christmas gifts, and renting homes, understand that inflation is real and probably higher than the official government inflation number. However, interest rates on fixed-income investments such as Treasury bonds and CDs remain very low. One exception is the U.S. government’s inflation-linked savings […]
The online betting space is a crowded field, but one that is expected to reach $127 billion by 2027. The market is expected to gain traction over the next several years as the smartphone adoption continues to increase and online casino gaming platforms become easier to access. Other factors, such as higher internet penetration and […]
Apple (AAPL) shares have been on fire lately, as the company is nearing the $3 trillion market cap level. It would be the first company to reach such a lofty valuation. The stock has been popular lately as investors have been in something of a flight-to-quality mode. What’s more, investors appear to be excited about […]
Dear Reader, Last week, one of my recommended stocks, Starwood Property Trust (STWD), announced a $400 million secondary offering of common stock. The new shares will go to institutional investors and typically get priced at a discount to where the stock currently trades. As a result, the STWD share price dropped 3.5% the day after […]
Last week, a highly unusual amount of options action occurred in iShares TIPS Bond ETF (TIP). TIP is a popular ETF for investing in TIPS bonds, which are treasury bonds that are indexed to inflation. In other words, as inflation goes up, these bonds go up. While the ETF has $38 billion in assets, it […]
