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Read MoreAsian shares mostly gain ahead of Friday's US jobs report
Hong Kong’s Hang Seng lost 0.4% to 23,817.10 and the Shanghai Composite index edged 0.1% higher, to 3,385.91.
Australia’s S&P/ASX 200 was nearly unchanged at 8,536.40.
India’s Sensex gained 0.6%.
On Thursday, the S&P 500 fell 0.5% to 5,939.30 for its first drop in four days. After sprinting through May and rallying within a couple good days’
» Read more about: Asian shares mostly gain ahead of Friday's US jobs report »
Read MoreThese 3 Nuclear Stocks Should Be on Your Energy Radar
Nuclear energy stocks have been on a tear again after U.S. President Donald Trump signed executive orders that will facilitate the expansion of nuclear energy production, including expediting the regulatory approvals for new nuclear reactors. The Trump administration intends to reform the nuclear energy sector by overhauling the Nuclear Regulatory Commission (NRC),
» Read more about: These 3 Nuclear Stocks Should Be on Your Energy Radar »
Read MoreTop stocks to watch: Bajaj Finserv, IREDA, Coal India, Dr Reddy's Labs, JSW Energy, SpiceJet
Indian benchmark indices managed to post gains on Thursday ahead of RBI’s monetary policy later today amid positive sentiments. BSE Sensex surged 443.79 points, or 0.55 per cent, to settle at 81,442.04, while NSE’s Nifty50 rallied 130.70 points, or 0.53 per cent to end at 24,750.90. Here are the stocks that may remain under spotlight before the opening bell on Friday,
The Burst
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,
» Read more about: Is This Old Buffett Favorite Now Worth Buying? »
Read MoreThe Ivy
Is Shopify a Slam Dunk Buy on the Dip?
Recently, an under-the-radar tech company has captured the interest of top-tier investment funds. Hedge funds have quietly been acquiring significant shares that displays a conviction in this company’s potential to redefine its market.
So, what’s the stock is it a buy on the dip?
Key Points
- Shopify’s shift beyond subscriptions to financial services,
» Read more about: Is Shopify a Slam Dunk Buy on the Dip? »
Read MoreThe Spotlight
Market Commentary: Buffett Loaded Up On 1 Stock Every Quarter For 5 Years
Warren Buffett may be old but he’s fearless when it comes to making massive bets. One such outsized investment is Apple, which now represents close to 50% of his equity portfolio (see below).
Imagine having so much conviction in a single company that you allocate half your money to it. Now further consider having a portfolio the size of Buffett’s and making that same bet.
» Read more about: Market Commentary: Buffett Loaded Up On 1 Stock Every Quarter For 5 Years »