For decades, famed value investor Warren Buffett has insisted that he does not try to “time the market.” But, his recent sales could serve as a warning sign for investors amid a period of protracted valuations.
What Happened: Buffett’s Berkshire Hathaway Inc BRK BRK has gradually wound down its largest positions over the last year.
With the S&P 500 having advanced by about 23.7% year-to-date, deals among large-cap companies appear few and far between.
One stock that may be attractive, however, is Idexx Laboratories (NASDAQ:IDXX). This company specializes in veterinary diagnostic devices as well as poultry and livestock testing, among other animal-care essentials.
» Read more about: The Pet Care Powerhouse Flying Under Wall Street’s Radar »
In the last week, the United States market has stayed flat, but over the past 12 months, it has risen by 31%, with earnings expected to grow by 15% per annum in the coming years. In this context of robust growth expectations, identifying high growth tech stocks involves looking for companies that demonstrate strong innovation and adaptability within a rapidly evolving industry landscape.
» Read more about: Exploring 3 High Growth Tech Stocks In The United States »
With the market benchmark up just 0.3%, roughly 400 of its member stocks were trading higher. The Dow was up 334 points, or 0.8%. The Nasdaq Composite was mostly unchanged.
By contrast, the Invesco S&P 500 Equal Weight ETF, or RSP, was up 0.8%. RSP shows what the S&P 500 would look like if every stock in the index had the same weighting,
» Read more about: Stocks Are Rallying, but Big Tech Is Still a Drag »
The launch of options trading for the iShares Bitcoin Trust (IBIT), the largest Bitcoin-focused exchange-traded fund (ETF).
» Read more about: Bitcoin ETF Options Go Live in Busy Trading, Marking a Historic Debut »
Traders will soon have another option for trading option contracts linked to the price of bitcoin. Cboe Global Markets announced on Friday that it’s planning to launch the first cash-settled index …
» Read more about: Cboe to launch new cash-settled bitcoin options »
Investing
With a flip of the switch, BlackRock (NYSE:BLK) recently completed the company’s first mutual fund-to-ETF conversion, a move made to meet investors’ insatiable thirst for active management.
» Read more about: Top 3 International Dividend ETFs to Invest in Today »
VettaFi, a data, analytics, and thought leadership company, is transforming financial services from an industry to a community—one relationship at a time.
» Read more about: Real Asset ETFs: Really Underappreciated »
Satellite TV provider DirecTV (T, TPG) will no longer merge with rival Dish Network (SATS) after bondholders rejected the offer.
The deal, which was contingent on a key debt exchange, would have created one of the nation’s largest pay-TV providers.
» Read more about: Stock market today: Dow, S&P 500 rise with weekly wins in play »
Some U.S. stocks rose Friday morning as the market heads for its fifth gain in a row.
Two of the three major stock market indexes, which measure how stocks perform, increased Friday morning while the Nasdaq composite was down.
The S&P 500 was up 0.1 percent and the Dow Jones Industrial Average rose 233 points (0.5 percent).
» Read more about: US Stocks Rise as Market Heads for Fifth Gain in a Row »
