No Picture
Trading Ideas

Tesla Shares Fall After Stock Was Not Added To The S&P 500

After showing a fourth straight quarter of profitability, many assumed Tesla Inc (NASDAQ: TSLA) would be added to the S&P 500. After hitting this milestone, the electric vehicle maker qualified for entry into the index of the United State’s 500 largest companies.After the S&P 500 added Etsy Inc. (NASDAQ: ETSY), Teradyne Inc (NASDAQ: TER) and Catalent (NYSE: CTLT) on Friday evening, the lack of a Tesla announcement sent shares sinking. Meeting qualifications does not automatically mean a company will be added to the index, as a committee makes the final decision on which stocks to add each month.”It was viewed …read more […]

No Picture
Trading Ideas

Two Reasons Bloomin’ Brands Yields Fat Profits

Last Friday I wrote to you about Bloomin’ Brands (Nasdaq: BLMN) when it was trading for around $14.
You could have bought it around that price all day Monday!
However, the next morning, two analysts upgraded Bloomin’ Brands, and the stock shot up to more than $16 per share.

War Room members were ready and jumped in for some fat profits. I hope you were able to jump in on Monday after reading my article!
If you did, cash out now!
Take a look at what members had to say about the trade…
“79% gain.” – Mccauley
“In at $1.24, out at $2.10 (69%).” – Russ M.
“Out …read more […]

No Picture
Trading Ideas

Buffett's Berkshire slashes Wells Fargo stake

Berkshire said in a regulatory filing https://bit.ly/2Z9Kxml, it owned about 137.6 million shares, worth $3.4 billion, of the fourth-largest U.S. bank by assets, down about 100 million from the end of June. Buffett began investing in Wells Fargo in 1989, but has been reducing Berkshire’s stake as the bank struggles to recover from a series of scandals over its treatment of customers, including the opening of accounts without their knowledge. Moody’s Investors Service on Wednesday lowered its rating outlook on the bank to “negative” from “stable”, citing the bank’s slower-than-expected ability to resolve governance and oversight issues from …read more […]

No Picture
Trading Ideas

A Great Investor’s Greatest Mistake

Warren Buffett is 90 years old, and he recently scored the biggest home run of his investing career.
It might be the most profitable stock market investment ever made.
Between 2016 and 2018, Buffett’s company, Berkshire Hathaway (NYSE: BRK-B), bought $35 billion worth of Apple (Nasdaq: AAPL) .
The average split-adjusted share price was around $35, which means Buffett now holds 1 billion Apple shares.
In 2020, that investment has paid off big.
Apple’s share price recently crossed $120.
Currently, Berkshire’s stake in Apple is now worth more than $120 billion.
I don’t believe that anyone in world history has ever made that much money on one …read more […]

No Picture
Trading Ideas

Berkshire Hathaway Slashes Stake in Troubled Lender Wells Fargo

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc., once the biggest holder of Wells Fargo & Co. common stock, slashed its investment by more than 40% as the San Francisco-based lender copes with the aftermath of consumer-abuse scandals.Berkshire sold more than 100 million shares, trimming its stake in Wells Fargo common stock to about 3.3%, according to a regulatory filing Friday. A Wells Fargo spokesperson declined to comment.Berkshire, a long-time investor in the lender, has been trimming its bet in recent months, down to a stake valued at $3.4 billion based on Friday’s closing price. Wells Fargo is grappling with lingering …read more […]

No Picture
Trading Ideas

Etsy gets into S&P 500, Tesla does not

The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster quarterly report in July cleared a major hurdle for its potential inclusion. S&P Dow Jones Indices said in a statement it was adding online craft seller Etsy , semiconductor equipment maker Teradyne and pharmaceutical technology company Catalent to the S&P 500, effective Sept. 21, and removing H&R Block , Coty and Kohls . …read more […]

No Picture
Trading Ideas

Tesla Falls After Anticipated S&P Inclusion Fails to Materialize

(Bloomberg) — Tesla Inc. shares tumbled 6% postmarket Friday as investors who contributed to its jaw-dropping rally this year in anticipation it may join the S&P 500 Index will have to wait for another day.Elon Musk’s electric-vehicle maker is widely expected to be added to the prestigious benchmark after it posted a fourth consecutive quarterly profit in July, clearing the last major hurdle for consideration by S&P Dow Jones Indices, which oversees the gauge. Some, including Credit Suisse analyst Dan Levy, said the move might be announced Friday in order for the stock to begin trading as an S&P component …read more […]

No Picture
Trading Ideas

JMP boosts Peloton’s price target to $109 from $59

JMP raised their price target for Peloton to $109 from $59. The firm cited strong usage with no signs of typical ‘summer seasonality’. In addition, according to a study by JMP, 50% of U.S. gym members will not return to the gym, which may encourage further engagement. The Final Round panel breaks down the details …read more […]

No Picture
Trading Ideas

Coronavirus Latest: Friday, September 4

On Friday, medical journal The Lancet reported that Russia’s vaccine was shown to have no serious side effects and created an antibody response in clinical trials. This comes as both the U.S. government and the WHO recanted on a November 1 deadline for vaccinations being ready. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]