This article was written by Follow Lawrence Fuller has been managing portfolios for individual investors for 30 years, starting his career at Merrill Lynch in 1993 and working in the same capacity with several other Wall Street firms before realizing his long-term goal of complete independence when he founded Fuller Asset Management. He also manages…
ricardoreitmeyer/iStock via Getty Images Similar or virtually identical securities often create arbitrage opportunities. You can trade the more expensive one for the cheaper one and often get some extra mileage out of it. Of course, the first step is to determine how similar they are and whether it makes sense to actually use them interchangeably…
guvendemir Introduction The iShares US Aerospace & Defense ETF (BATS:ITA) is a passive index fund composed of the largest manufacturers of arms and military-grade equipment in the US (and the world, for that matter, but it is restricted to US stocks). Included in the index’s top holdings are names like Raytheon, now RTX Corp (RTX);…
DNY59 Pfizer Inc. (NYSE:PFE) has been one of the most frustrating companies in my coverage, as my previous bullish thesis on the leading biopharma leader hasn’t panned out. The company’s outlook on its COVID franchise has proved to be more challenging than anticipated, leading to over-optimistic Wall Street estimates. As a result, I believe the…
DNY59/iStock via Getty Images Introduction The National Market System (NMS) is the SEC’s attempt to make sure that investors receive the market’s National Best Bid and Offer (NBBO) prices. However, there is ample evidence that ordinary investors pay above-market prices. Indeed most investors can no longer access the NMS at all. The deals between wholesalers/high…
mikkelwilliam/iStock via Getty Images Retailers are hoping for a boost from this year’s holiday shopping season even as many consumers face higher living costs. MoneyTalk’s Greg Bonnell discusses with Chris Graja, Senior Analyst, Retail with Argus Research. Transcript Greg Bonnell: Holiday shopping season is upon us, but after an earnings season where many retailers warned…
Ake Ngiamsanguan/iStock via Getty Images With markets careening back to YTD highs driven by the promises of lower inflation and lower interest rates, large-cap tech stocks are very much back in fashion. That doesn’t mean, however, that these tech giants with fantastic fundamentals can’t and won’t make great investments in 2024, especially when there are…
tadamichi Good chart from Gary S. Morrow (@garysmorrow) showing the dollar backing away from stiff resistance, which is happening just in time for the seasonal, 4th quarter rally, for the S&P 500. The DXY (dollar index) and the UUP (Invesco dollar bullish fund) are lower today on the weaker US payroll report. As the chart…
show999 Investing in gas is still very much possible and one of the better options right now is The Williams Companies, Inc. (NYSE:WMB) a massive enterprise valued at over $42 billion. In most recent news the company managed to win a lawsuit of $495 million about a failed Energy Transfer deal. This is a short-term…
Bim Note: I have discussed Hyliion Holdings Corp. (NYSE:HYLN) previously, so investors should view this as an update to my earlier coverage of the company. After the close of Tuesday’s session, Hyliion Holdings Corp. or “Hyliion” surprised market participants with the decision to pursue strategic alternatives for the company’s core electric powertrain business and refocus…
ANDY_BOWLIN/iStock via Getty Images Every August, the Fed’s Jackson Hole summit is hosted by the Kansas City Fed. The event’s history is deeply intertwined with the Fed’s past and current efforts to vanquish inflation. As long-term rates have risen over the past few weeks, technology stocks in the Nasdaq (QQQ) have suffered. However, I suspect…
primeimages Article Purpose In June 2022, I wrote an article criticizing the Vanguard Small-Cap Growth Index Fund ETF Shares (NYSEARCA:VBK) and suggested growth investors select the higher-quality Invesco QQQ ETF (QQQ) instead. At the time, about one-third of VBK’s constituents were not profitable, so its already-rich 29.18x forward earnings valuation was understated. Since then, VBK…