Barstool Sports founder and goofy trader Dave Portnoy was excited last month to call Warren Buffett a “jerk” after the Berkshire Hathaway BRK.B, -0.13% The boss downloaded the shares of his airline and missed a big rebound in the hit sector. According to Shane Parrish of the popular blog Farnam …
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With Microsoft shares (MSFT) now above $ 200, and its market capitalization above $ 1.5 trillion, it is safe to assume that many investors expect strong numbers to be shared on Wednesday. Currently, the consensus among analysts surveyed by FactSet is for Microsoft to post June quarter (fiscal fourth quarter) …
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The tyranny of gigantic tech stocks, which has supported the US equity market since March, had a major impact this week. For months, the most valued e-commerce and technology companies have staged an almost unrelenting rally during a public health crisis that has caused tremendous pain in the national and …
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Text size Photograph by Andrew Burton / Getty Images BlackRock’s second-quarter earnings increased 22% to $ 7.85 per share higher than expected, while net flows plummeted during the period of market uncertainty. The increase in earnings partly reflected a lower share count after BlackRock (BLK) repurchased part of PNC Financial …
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How much of your retirement savings are you currently gambling with the fortune of just six companies? If you have them on an S&P 500 SPX, -0.14% Stock index fund, the answer is: about a quarter. That’s what the so-called “FANMAG” —Facebook FB, -0.70%, Apple AAPL, -0.46%, Netflix NFLX, -7.44%, …
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