81.8% Probability This Health Stock Rises
If past data is to be believed, there is an 81.8% probability that Centene is likely to pop by double-digit percentage levels over the next 3 months.
Remarkably in 17 of the past 22 years, Centene has gone on a bullish run in the coming months, but it’s not entirely clear why, so we peeled back the layers of the onion to reveal the cause and whether it’s repeatable again this year. » Read more about: 81.8% Probability This Health Stock Rises »
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Buffett Slashes Stake in Decade-Long Holding
A great investor knows when to pivot and let go of investments that once fit within their portfolios but may no longer suit their current and future goals. That may explain why Buffett cut his holding company’s position in U.S. Bancorp (USB) by more than half.
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Is This Dividend King The MOST Undervalued Of All?
Dividend kings are a rare breed. A company must have increased its dividend consecutively for the past 50 years to qualify for the elite status. The list of companies that make the cut is small, as a result, and includes:
- Johnson & Johnson
- Procter & Gamble
- Coca Cola
- Altria Group
- Target
- Sysco
- Parker Hannafin
- American States Water Company
- Tootsie Roll Industries
The total number of companies that are on the list could hardly be counted on your fingers and toes.
» Read more about: Is This Dividend King The MOST Undervalued Of All? »
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Did Little-Known Dutch Firm Trigger Monster Buffett Buy?
World trade is truly global and interconnected. Perhaps the chip industry exemplifies this most. Apple sells phones around the world that rely on manufacturing by TSMC who is in turn supplied by a Dutch company few investors know anything about. And it’s that little-known Dutch company that quite possibly triggered Warren Buffett to make a huge purchase in its most recent quarter.
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1 Digital Healthcare Stock To Avoid
Health services IT company TRxADE HEALTH, Inc. (NASDAQ:MEDS) played a vital role during the pandemic, making remote care and tests available to patients with its digital healthcare wing. While the effects of the pandemic are largely in the rearview mirror, TRxADE remains a prominent player in the pharmaceutical industry.
» Read more about: 1 Digital Healthcare Stock To Avoid »
Read MoreThe Burst
Market Commentary: $1.7 Billion Fund Bets Massively On 1 Stock
David Einhorn has made a name for himself as the founder of Greenlight Capital, which manages around $1.7 billion at last count in Q3 2023.
Interestingly, the fund has made a massive bet on another company with Green in its name, Green Brick Partners. It’s an unfamiliar name to many investors and even those who do know of it may wonder why such a huge position was established by Einhorn and his investment team.
» Read more about: Market Commentary: $1.7 Billion Fund Bets Massively On 1 Stock »
Read MoreThe Spotlight
Tootsie Roll Highlights Crazy Market
The current S&P 500 bear market was officially announced on June 13, 2022 and it doesn’t seem as if the bear market is over yet. A sustained recovery will likely commence only once interest rates peak, and further rises are no longer expected. In spite of the general market malaise, some stocks are bucking the trend when it comes to valuation metrics.
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Read MoreThe Daily
Stock Market Today: Dow futures dip from record high ahead of PCE inflation data
How are stock-index futures trading:
S&P 500 futures are down 0.2%.
Dow Jones Industrial Average futures are dipping 0.1%.
Nasdaq 100 futures are slipping 0.4%.
On Tuesday, the Dow Jones Industrial Average rose 124 points,