It’s come as a bit of a surprise to many astute observers to see billionaires go all in on oil. For instance, in Warren Buffett’s top 6 holdings, 2 are oil stocks, Chevron and Occidental Petroleum.
Buffett has taken massive stakes in both companies. In Chevron, he holds an $18.8 billion stake while in Occidental the amount is $14.1 billion.
If following smart money translates to making money, now might well be the time for one company to start bouncing substantially. That’s because not only is one big money investor snapping up shares but a whole plethora of them are, and they are doing so collectively for the first time in about 3 years.
The stock in question is payments leaders,
» Read more about: Smart Money Pours Into ONE Forgotten Stock »
As the end of the quarter approaches, how do the markets fare? Zooming out, we can see that the S&P 500 is precariously perched on an uptrending resistance line.
While doomsayers have been lining up to predict the market’s demise for months, it has defied all skeptics and continued its march higher. But now it sits once again at a key threshold level.
» Read more about: Market Precariously Perched at Key Level »
The problem with thinking is the risk of overthinking. At least that’s the case when it comes to gold. A few weeks ago when gold broke out, some traders were paralyzed by analytical disbelief. How could gold break out now?
Traditional analysis says quantitative easing and increased money supply should lead to higher gold prices.
Some things only look crazy in hindsight. Did anyone in 1929 know they were on the cusp of The Great Depression? A tiny minority, at best. The rest, well, they all piled into stocks, and a just few of them too.
Fast forward almost a century and investors appear to be committing the same financial crime,
» Read more about: Crazy Great Depression Stat Scares Investors »
In stunning news announced earlier this week, Apple revealed that it is looking to partner with Alphabet to allow Google’s Gemini to power iPhone AI features.
The announcement was stunning on numerous counts. Notably, both stocks ended the trading higher on the news. That fact alone suggests that the market interprets the deal to be a win-win.
» Read more about: Stunning Win-Win Deal For Top Magnificent 7 Stocks »
Shares of bitcoin miner CleanSpark, Inc. (NASDAQ:CLSK) soared more than bitcoin over the past six months. However, the stock lost its momentum over the past month and declined by more than 11%.
The stock underwent significant volatility due to their correlation with bitcoin’s movement.
» Read more about: 1 Bitcoin Miner You Cannot Afford To Miss »
IT solutions provider CSP Inc. (CSPI) has been thriving this year, making significant strides in its cybersecurity business. But does it have more room to run?
While CSP is not a pure-play cybersecurity stock and provides different IT services and solutions, the stock is enjoying a lot of investor attention at the moment,
» Read more about: Will This Hot CyberSecurity Stock Keep Soaring? »
Residential real estate investment trust (REIT) Essex Property Trust, Inc. (NYSE:ESS) operates in West Coast markets, primarily acquiring, developing, and managing multifamily residential properties. It has a portfolio of more than 60,000 apartment units, primarily located in California and Seattle.
Founded in 1971 and going public in 1994,
When the champion of the trading world speaks, it behoves us to listen to him. A month or so ago, the 2020 trading champion made his views clear on Tesla: avoid it, was the takeaway.
At the time, he humbly commented that his two cents take was that the stock market had been in a 3-4 month rally but Tesla had gone straight down over that period,
