Which Financial Stocks Actually Benefit When Interest Rates Stay High?
It’s beginning to look very likely that the Federal Reserve will have to hike its target interest rate sooner rather than later.
The Fed’s preferred measure of inflation — the Personal Consumption Expenditures Price Index — was published last week by the Bureau of Economic Analysis, and it wasn’t pretty.
According to the index,
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Read MoreStock market today: Dow, S&P 500, Nasdaq futures pull back after AI rally regains its mojo
AVAV, KTOS Stocks Gain Overnight: Wedbush Calls AeroVironment, Kratos Long-Term Winners In Defense Tech
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Wedbush initiated coverage of both AeroVironment and Kratos with an Outperform rating.
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The firm said AeroVironment’s expansion across air, land, sea, space and cyber gives it a lasting competitive edge.
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Wedbush said Kratos is an overlooked supplier of critical defense software and components.
Stock market today: Dow closes above 52,000 for first time, S&P 500 and Nasdaq rally as tech gains
Why Did Tesla Stock Jump Today?
Tesla (NASDAQ: TSLA) has expanded its robotaxi rollout, and a company executive has teased that another major announcement is coming tomorrow. That news helped shares pop today. As of 2:27 p.m. ET, Tesla stock was higher by 6% to start the week.
The company posted on its social media account that it has officially launched its driverless robotaxi service in Miami,
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Read MoreThe Burst
Most Undervalued Stock In Billionaire Portfolio
Third Point, founded by Dan Loeb, is no ordinary investment manager. It’s got $6.5 billion in assets under management and so when it makes a move it’s worth paying attention because you know the company has passed a lot of screens to be accepted into the portfolio.
But perhaps even more interesting is what stock in the portfolio ranks as the most undervalued of all and whether it’s a buy?
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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
Why Buffett Has $150 Billion In 1 Stock
Most recently, Berkshire Hathaway’s stake in Apple grew to an astonishing 41% of its equity portfolio,
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