Microsoft (MSFT) – Get report reports its latest earnings this week, and Wall Street is bullish on the tech giant’s prospects in the coming quarters. Prior to their June quarter earnings release (fiscal fourth quarter) on Wednesday after closing, the 13 analysts listed on FactSet maintain a buy rating on …
Read More »Only a few stocks are fueling the rise in the market. Watch out.
As the S&P 500 falls into positive territory again throughout the year, investors need to be mindful of the fact that a handful of stocks appear to be doing much of the heavy lifting. The benchmark market index rose 1.3% in 2020 through Monday’s close, but much of that profit …
Read More »Former Morgan Stanley financial adviser accused of stealing $ 6 million from clients
Carter, 47, allegedly robbed the victims, including an elderly investment advisory client who had been saving a college fund for her grandchildren and people she knew “through family ties and friendship,” according to a complaint filed by the Securities and Exchange Commission. The complaint alleges that he used the money …
Read More »IBM shares a surge after cloud-powered second quarter earnings expired
International business machines (IBM) – Get report Shares rose higher on Tuesday after the cloud-focused tech group posted stronger-than-expected second-quarter earnings under new CEO Arvind Krishna. IBM said adjusted operating profit for the three months ending June fell 31.2% from a year ago to $ 2.18 a share, but beat …
Read More »This could be ‘the worst time ever’ to stack on these stocks, but investors are still doing it anyway.
Two of the most reliable patterns in investing, according to Servo Wealth Management CEO Eric Nelson: stocks outperform bonds, and low-priced stocks outperform higher-priced growth. Stocks have delayed their end of the bond deal lately, but value stocks have been losing. It would be prudent for investors feeding off the …
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