Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink
NEW YORK — U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading.
The Standard & Poor’s 500 dropped 1.3% for its worst day since before election day to close out a losing week.
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Read MoreMy Favorite Electric Vehicle (EV) Stock to Buy Before Nov. 30
If you’re hunting for EV stocks, this one is my favorite.
Electric vehicle (EV) stocks used to be market darlings. In 2021, several major EV makers went public. The valuations then were dazzling.
A lot has changed since 2021. Valuations have come crashing down to Earth. So if you’ve been looking to add significant growth potential to your portfolio,
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Read MoreThese 16 Charts Give Me Hope For The U.S. Economy
Financial advisor and research analyst from Southern California. Follow me @ https://linktr.ee/realjbowman “History does not repeat,
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Read MoreThis Part of Rivian Is Thriving
Rivian’s third quarter failed to inspire investor confidence, but this newer part of Rivian is thriving right now.
Rivian Automotive (RIVN -2.42%) just reported mixed third-quarter results featuring a wider-than-expected loss and a production and supplier snag, but reaffirmed full-year guidance for production,
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Read MoreHome sales surged in October, just before mortgage rates jumped
A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer.
Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 2.9% higher than October of last year,
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Read MoreThe Burst
The Dirty Secret of 1929 Reveals Grim Future
It’s easy to get lost in the financial weeds. What should you focus on? Growing revenues, technical breakdowns, sentiment extremes? The list is endless and every day the noise amplifies. Before you know it, you’ll be paying attention to excess inventories at retailers and trying to correlate it to seasonal sales cycles. But how does all that help you make money?
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Read MoreThe Ivy
Market Commentary: CEO Bets The Farm On His Stock
Perhaps no greater signal exists that a company has upside potential than when its CEO starts putting his/her own hard-earned capital into it. And yet that’s exactly what happened with SoFi, again, and again, and again.
Here are SoFi CEO Anthony Noto’s transactions over the past 6 months or so. Note these are open-market and unplanned transactions by a key insider.
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