Got $6,000, Here Is 1 Cheap Stock To Buy Now
It’s been something of a mystery how a company generating $30 billion in revenue and spitting out $5 billion in operating income is valued at just 2x sales yet that’s precisely the case with PayPal.
Across a host of metrics, PayPal seems like a cheap stock. For example, the price-to-earnings ratio is just 14x, a smidge below the 15x line in the sand that Buffett is largely believed to favor. » Read more about: Got $6,000, Here Is 1 Cheap Stock To Buy Now »
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Will Ethereum Hit $20,000?
With inflation rates rising and stocks proving ever more volatile, cryptocurrency markets are attracting ever more investors. One of the most popular cryptocurrencies, Ethereum (ETH), appears to be set up for strong gains. The question, though, is just how high current forces could push it? Here’s what you need to know about the money flows supporting ETH and how high it could go.
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Could DermTech 10X in 10 Years?
DermTech (DMTK) develops technology that improves the accuracy and early detection of skin cancer and melanoma. The company’s most popular product makes it possible for specialists to test moles for melanoma without cutting into the body’s tissue. The DermTech Melanoma Test offers 99% accuracy by collecting tissue samples with a painless smart sticker.
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Massive Institutional Risk To Bitcoin?
Major parts of mainstream media and tech media continue to report changes in Bitcoin value linked to prominent events like new regulations in a single country, for example, in China, India, or the U.S.
Those can be real, but also, analysts are warning that behind the scenes, many more general pressures are having enormous impacts on Bitcoin prices,
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Is This Old Buffett Favorite Now Worth Buying?
Once upon a time Wells Fargo was beloved by Warren Buffett. Despite scandal after scandal plaguing the company, his conviction couldn’t be shaken, until finally the accumulation of issues appeared to spark a sell.
As a reminder, here are the scandals that rocked Wells Fargo over the years:
- September 2016: The fake account scandal
- September 2016: Improperly repossessing service members’ cars
- December 2016: Wells Fargo fails its ‘living will’ test
- March 2017: More fake accounts
- March 2017: Flunked community lending test
- April 2017: Whistleblower wins $5.4 million and his job back
- August 2017: Lawsuit over overcharging small business retailers
- February 2018: Sacramento sues over discrimination against black and Latino borrowers
- March 2018: Wealth management investigation emerges
- April 2018: $1 billion settlement for mortgage locks and auto-loan issues
- May 2018: Altering business information without client knowledge
- May 2018: $480 million to settle securities-fraud lawsuit
- June 2018: SEC fine for leading investors astray
- July 2018: Refunds over add-ons like pet insurance and legal services
- August 2018: Hundreds of houses foreclosed on due to computer glitch
- August 2018: Wells Fargo pays $2.1 billion for its role in housing bubble
- March 2019: Wells Fargo among advisors sanctioned by SEC for fee-disclosure practices
Since Buffett offloaded his position,
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Read MoreThe Ivy
Is The Santa Claus Rally Real?
Every seasoned trader has heard the phrase “Santa Claus Rally,” but very few understand precisely why it happens. Is it random or is there something structural under the surface that repeats like clockwork each year?
Beyond the whimsical idea of holiday cheer spilling over into the markets, there are structural and behavioral dynamics at play that make the final weeks of the year particularly conducive to market gains.
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Read MoreThe Spotlight
Market Commentary: Stock You Know Well Has 38.6% Upside
Billionaires like Buffett claim the headlines but Jeffrey C Smith has grown in prominence to build over $5 billion in assets under management. Remarkably, his largest position commands a 14.7% stake in his portfolio, and he’s allocated it to a well-known stock that appears significantly undervalued: GoDaddy. What’s the bull case for his purchase?
Read MoreThe Daily
Stock market today: Dow, S&P 500, Nasdaq futures edge up as Wall Street braces for earnings amid shutdown
US stock futures rose late Thursday after the S&P 500 and Nasdaq Composite both slipped from record highs in the day session, weighed down by ongoing political gridlock in Washington.
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F),