In the first week of September, the markets saw a sudden drop from peak values. That fall was most pronounced in the NASDAQ index, which dropped from 1,200 points – some 10% – in just 5 trading sessions. Since then, however, the situation has stabilized. Stocks have bounced up and down, but the NASDAQ has generally held steady at or near 11,000 for the past three weeks.The holding pattern is likely more important than the slide. It’s lasted longer, and appears to represent a classic market correction. The NASDAQ’s 5-month run to its September 2 all-time high left it somewhat …read more […]
Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Broadcom’s dividend safety.
Broadcom (Nasdaq: AVGO) sells a wide variety of technology products, including switches and routers, and software to manage cybersecurity and payment security.
Though the company reinvented itself recently with its acquisition of software company Symantec, Broadcom is a part of the old guard when it comes to Silicon Valley tech companies.
The company has been around for more than 50 years. So it’s no surprise that, while still innovative, it generates plenty of earnings and cash flow and pays a dividend as a result.
And it pays a nice dividend, …read more […]
The workforce reduction plan is a result of indefinite idling of its Martinez, California and Gallup, New Mexico refineries, the company said in the filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1510295/000151029520000098/mpcform8-k9292020.htm. Refiners and oil producers have been cutting staff, slashing spending and reducing production to cope with the slump in crude prices and a global glut of fuel. On Wednesday, Royal Dutch Shell said it would dismiss up to 9,000 workers, or 10% of its staff, while oil majors, Chevron Corp and Exxon Mobil Corp , are in the process of restructuring their businesses to halt losses. …read more […]
(Bloomberg Opinion) — In a hot market for new technology stocks, it was Palantir Technologies Inc.’s turn in the spotlight on Wednesday. The debut wasn’t a complete show-stopper, and that’s fine — not everything can, or should, be a market darling. The data-mining company, co-founded by billionaire and Donald Trump supporter Peter Thiel, went public through a direct listing and started trading at $10, above the New York Stock Exchange’s $7.25 reference price. A $10 price equates to a market value of about $22 billion on a fully diluted basis, which, while respectable, isn’t much higher than its last private …read more […]
The top dividend stocks to buy are ones you can hold forever. Once you invest, you can sit back and watch the dividend income roll into your account. This approach is a favorite among some of the world’s best investors, like Warren Buffett. Here’s one of his many famous quotes…
“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
Although, the downfall to this strategy is short-term swings. A portfolio of dividend stocks can jump around a lot in any given year. During a downturn, you could see a 30% loss. But if you’re in …read more […]
Duke Energy, which has a market capitalization of $65 billion, has rebuffed NextEra’s acquisition interest, according to a person familiar with the matter who confirmed a Wall Street Journal report about the approach that was published on Tuesday. Speaking at a Wolfe Research conference on Wednesday, Robo declined to comment specifically on NextEra’s approach to Duke, but said that major acquisitions in his industry could only happen if the companies involved worked co-operatively. …read more […]
Trading in the stock market is quite different than investing in it. Trading is a short-term game, while investing aims to earn you money in the long run. As a result, trading strategies look very different from how to invest.
Today, we’ll look at different strategies that can help you make money in the short-term by trading stocks (or other assets). Investing in stocks is generally a more passive strategy, while trading is by nature an active game, and one of the main differences between these different strategies is the time frame in which you buy and sell.
Familiarizing yourself with these …read more […]
Wednesday Wealth Recap
Financial freedom seems to elude a large part of the American population. Alexander Green explains a simple way to get out of this rut. (And you might want to pay attention… as your health and happiness could depend on it.)
Google, Apple, Facebook and Amazon are grabbing all the headlines these days. But Nicholas Vardy points out that, outside of the U.S., there’s a parallel universe of tech stocks that are just as powerful… and profitable.
What does it really mean to be rich? As Chief Income Strategist Marc Lichtenfeld explains, it’s not always big houses and fancy cars.