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Prices of gold and bitcoin have surged this year as small investors buy alternative assets amid the chaos of the pandemic, but these choices reveal a generational divide. This year is among the most turbulent year for investors. US stock markets fell sharply between February and March. However, they recovered from their lows and have…
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Auto stocks suffered badly this year as production was shut down for weeks due to the coronavirus pandemic, but even though output has restarted, traders are advising investors not to get their motors running. On Tuesday, Ford made a surprise announcement that chief executive Jim Hackett would retire in October and Jim Farley (pictured), the…
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Berkshire Hathaway chairman Warren Buffett bought $340m of Bank of America shares in five days between 31 July and 4 August, adding to purchases he made last month. The billionaire investor bought $813m of Bank of America shares in the third week of July. Berkshire Hathaway now holds almost 11.9% in the Main Street bank…
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While some analysts have been cautioning on the valuation of US tech stocks, Rick Sherlund vice chairman of technology investment banking at Bank of America feels that tech stocks are not in a bubble and hold long term potential. Sherlund who’s an investment banker with Bank of America has been a star analyst and for…
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Chinese electric car maker Xpeng Motors has raised $400m ahead of an initial public offering (IPO) in New York later this year. The Tesla rival has attracted funds from existing investors Chinese tech giant Alibaba and sovereign wealth fund Qatar Investment Authority, as well as new cash from Abu Dhabi’s wealth fund Mubadala. That expands…
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A Jefferies report identifies the five biggest stocks that leading hedge funds are short on. To be clear, you short a stock when you expect its price to fall. You can short a stock through instruments like futures, options, binary options, and contract for difference (CFDs). Theoretically, your risk is unlimited if you short a…
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This week is the busiest week of the second-quarter earnings season with roughly one-third of the S&P 500 companies reporting their earnings. Based on the blended analysis that includes the actual earnings for the companies that have reported and estimated earnings for the companies yet to report, FactSet forecasts a 42.4% year over year fall…
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Big Tech, which includes the likes of Amazon, Apple, and Microsoft, has come under scrutiny for their alleged monopolistic and anti-competitive business policies. This year, the Nasdaq has soared to record highs as tech stocks have soared. Amazon, Facebook, and Tesla have respectively risen 62%, 12%, and 25% year to date. The spike in these…
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The second-quarter earnings season, the worst since the 2008 financial crisis, is in full swing and 92 S&P 500 companies had their earnings release lined up for this week. Chief executive’s of America’s leading companies have offered candid insights on how the pandemic has taken a toll on their companies and the economy. The second-quarter…
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Goldman Sachs has identified 20 stocks that would benefit from the EU’s Green Deal under which it plans to achieve net-zero carbon emissions by 2050. Additional guidelines will restrict which investments can be classed as green and force providers of financial products to disclose which investments meet the criteria, from the end of 2021 onward….
