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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Market Commentary: Roku, The Future of Streaming
Roku (NASDAQ: ROKU) has been on a growth tear in recent years, with revenue and active accounts growing rapidly. Indeed over the past 5 years, through thick and thin economically, the company has grown its top line. This growth has been driven by the increasing popularity of streaming services, as well as Roku’s strong brand and user experience.
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Market Commentary: How To Pick Winners Every Day
It’s just so tempting to buy the dip or catch the falling knife. Maybe as consumers we are trained to buy the “flash sale” at the grocery store or retail outlet so when we see a stock price fall we think Buy, Buy, Buy. Whatever the reason, the reality is buying strength is a more time-tested strategy to build wealth.
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Market Commentary: When Will The Market Crash 43%?
Want to hear something crazy? The stock market may be really bad at predicting the future. It’s widely believed that the market is good at anticipating future events but data shows it might actually be very, very bad at doing so when interest rates are hiked. Here’s the skinny.
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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
100 Worst Performing Stocks, But 1 Is a Buy?
In a list of the worst performing NASDAQ 100 stocks this year, Intel ranks about as poorly as any. Even after its monumental selloff, analysts only see upside to $26 per share.
But there is another stock on the list that may be a bit more interesting for bulls. If our analysis is right,
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Read MoreThe Spotlight
Is This Space Firm Set To Blast Off
At an annual conference some years ago, a Berkshire Hathaway shareholder asked Warren Buffett how it was possible for smaller investors to rival his own performance and track record during the 1960s, which was his best period. He corrected the questioner and commented that, in fact, his best years were prior to that in the 1950s when he averaged gains closer to 50% annually.
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Read MoreThe Daily
Federal Reserve set for an extended pause
After 100bp of rate cuts the Fed has signalled it needs evidence of economic weakness and more subdued inflation prints to justify further policy loosening. President Trump’s low tax, light-touch regulation policies should be good news for growth, while immigration controls and trade tariffs provide upside risk for prices, suggesting we could have a long wait for the next cut.
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