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This Earnings Season Should Be Huge

Third quarter earnings season kicked off this week with a bang!
Big investment banks were among the first to report. BlackRock (NYSE: BLK), Citigroup (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM) announced earnings on Tuesday. All three posted strong and better-than-expected revenue and net income for the quarter.
But that pales in comparison to what Goldman Sachs (NYSE: GS) had to report… It blew expectations out of the water. The bank posted record profits, as heightened volatility in financial markets allowed its traders to make huge gains in the July to September quarter.
So, after suffering terrible first and second quarters, …read more […]

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Why Wedgewood Partners is Betting on Facebook (FB) Stock

Wedgewood Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The Fund returned 10.77% for the third quarter of 2020. Meanwhile, the benchmark S&P 500 Index and the Russell 1000 Value Index gained 8.93% and 5.59%, respectively. You should check out Wedgewood Partners’ top 5 stock picks for […] …read more […]

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What’s Behind the Massive Rally in Nio’s Stock Price? Analyst Weighs In

Many tech companies have posted massive share gains since the COVID-inflicted March slump. Few, though, have generated as much upside as Nio Limited (NIO). Catching a ride on the EV trend, since March lows, shares of the Chinese EV maker are up by an incredible 1070%.While Deutsche Bank analyst Edison Yu points out there hasn’t been a specific catalyst to send shares higher, the analyst counts several developments that have helped keep up momentum.First of all, in a recent interview, CEO William Li said that he expects Nio will be able to manufacture 150,000 vehicles annually by the end of …read more […]

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Is Keysight Technologies (KEYS) a Smart Long-term Buy?

Wedgewood Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The Fund returned 10.77% for the third quarter of 2020. Meanwhile, the benchmark S&P 500 Index and the Russell 1000 Value Index gained 8.93% and 5.59%, respectively. You should check out Wedgewood Partners’ top 5 stock picks for […] …read more […]