'Not FANG. Not Magnificent Seven. Just M-N-Ms:' Jim Cramer Floats New Tech Acronym For These Stocks That Outpaced Peers
CNBC commentator Jim Cramer pointed out that three tech behemoths, Microsoft MSFT, Nvidia NVDA and Meta META, have closed the first half of the year at record highs, surpassing their ‘Magnificent Seven’ counterparts.
BlackRock Bitcoin ETF earns more than its flagship S&P 500 fund
BlackRock, the world’s largest asset manager, is now earning more in annual fees from its spot Bitcoin exchange-traded fund than its flagship S&P 500 fund, according to a recent report.
“IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure,” NovaDius Wealth Management president Nate Geraci told Bloomberg on Wednesday.
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Read More2 Top S&P 500 Dividend Stocks to Buy Now
The S&P 500 (^GSPC 0.47%) recently hit a new high, but the bull run over the past few years has driven down dividend yields. At the time of writing, the yield on the widely held Vanguard S&P 500 ETF (VOO 0.44%) is sitting at just 1.22%.
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Read More3GBX : S&P 500 Settles At Record High After Trump Announces Trade…
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Wednesday.
U.S. stocks settled mostly higher on Wednesday, with the S&P 500 settling at a record high level during the session after President Donald Trump announced a new trade agreement with Vietnam.
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Read MoreApple takes fight against $587 million EU antitrust fine to court
By Foo Yun Chee
BRUSSELS (Reuters) -Apple (AAPL) took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech.
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Read MoreThe Burst
Market Commentary: 1 Warren Buffett Stock to Go Nuts Over
When it comes to rewarding shareholders, Warren Buffett is a maestro. His behemoth of an investment firm, Berkshire Hathaway, manages over $380 billion in investments, mostly in companies with burgeoning dividends.
Read MoreThe Ivy
Is It Time To Sell?
Knowing when to sell may feel like rocket science if you’re new to investing but it can be quite simple. While technicians may bamboozle you with indicators and fancy signals, the best traders in the world keep it straightforward.
Take for example one champion trader who went short the market recently. At a glance of a regular chart,
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