Buy 2 FBP Mutual Funds for Potential Returns
Flippin, Bruce & Porter (FBP), based in Lynchburg, VA and established in 1985, specializes in large-cap value equity, equity income and balanced portfolio management. The investment approach focuses on building equity-oriented portfolios to produce attractive current income.
In June 2021, Cantor Fitzgerald Investment Advisors, L.P. acquired the asset management business of FBP,
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Read MoreWarren Buffett Says Peter Thiel Can Leave The Giving Pledge. That Was Always The Point.
Peter Thiel has been urging billionaires to reconsider the Giving Pledge, calling the philanthropic initiative an “Epstein-adjacent, fake Boomer club” and saying most signers he has spoken with regret joining. Warren Buffett, who helped create the pledge, has a remarkably uncomplicated answer for anyone who agrees with him: leave.
“If they don’t like it,
Read MoreCurrency traders hedge dollar positions ahead of Federal Reserve speech
The US dollar is entering one of those weeks where nobody wants to be caught leaning too far in either direction. Currency traders are piling into hedges ahead of Federal Reserve Chairman Kevin Warsh’s upcoming speech at the Kansas City Fed’s annual Jackson Hole Economic Policy Symposium on August 28, with FX strategists warning that the event represents a significant risk catalyst for both bond and currency markets.
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Read MoreNvidia Stock Jumps as Revenue Forecast Fuels Confidence
Nvidia is giving the tech sector a lift today
Shares of Nvidia Corp (NASDAQ:NVDA) are up 5.8% at $221.80, after the chip giant reported blockbuster second-quarter results and issued a strong annual revenue forecast that reinforced confidence in artificial intelligence (AI) demand. Adjusted earnings of $2.22 per share topped estimates of $2.09,
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Read MoreRivian Automotive vs. Tesla: Which Electric Vehicle Stock Is a Better Investment in 2026?
The Burst
NVIDIA Just Dropped 30%, Why Smart Money Isn’t Worried
NVIDIA (NASDAQ:NVDA) has been among the best-performing investments of the past several years. Despite the returns it has delivered to shareholders, the share price is now under significant pressure.
NVDA’s 52-week high was $153.13, but the stock has been hovering over 30% lower in recent weeks, so will NVIDIA be able to return to its 52-week high,
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Read MoreThe Ivy
4% Dividend + 12x Earnings = Blockbuster in the Making
Merck has long been a pillar of stability in the pharmaceutical world, thanks in large part to the staggering success of its cancer drug Keytruda. But behind that success lies a quietly growing concern of what happens when the patents expire?
In a move that could reshape its future, Merck just announced a $10 billion acquisition of Verona Pharma.
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Read MoreThe Spotlight
Why Buffett Is All In On This Energy Stock
In recent months, Chevron has garnered attention for winning the confidence of Warren Buffett whose Berkshire Hathaway has taken a large stake. But Chevron’s roots trace all the way back to the 19th century when it was originally part of the Pacific Coast Oil Company.
Since then, Chevron has evolved to become one of the largest and most diversified energy companies in the world,
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