Has Latin Billionaire Spotted Screaming Buy
Carlos Slim made a splash in a surprising sector last year, choosing to bet big on oil production and refining businesses.
Throughout 2024, the (in)famous investor deployed about $1 billion into the oil market, including a little over $600 million in US refining company PBF Energy (NYSE:PBF).
Why is it about this relatively obscure energy name that has attracted Carlos Slim, » Read more about: Has Latin Billionaire Spotted Screaming Buy »
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Is Meta a Buy After Crashing?
Despite a stellar start to 2023 with a more than 300% increase in stock price at one point, Meta experienced a significant pullback, shedding 15% in value following its first-quarter earnings report.
Meta reported a very solid Q1, with revenues soaring by 27% to $36.5 billion, the fastest growth rate in several quarters,
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Down We Go?
Yesterday, we discussed how the market had shown relative strength recently and asked the question whether the bullish sentiment would last. While it’s hard to know precisely when a bottom will take place, we highlighted the danger of trying to pick the low point because inevitably at some stage betting on the bottom will lead to a losing trade where lower lows follow.
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Will The Bullish Sentiment Hold?
In the wake of a recent market selloff, the financial landscape showed signs of recovery, hinting at potential seller exhaustion, a development that may suggest a pivotal shift in where the market goes next.
Amid the volatility, several key economic indicators and corporate earnings reports loom large on the horizon, so will the bullish sentiment hold?
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Why On Earth Is Soros Buying Radio Stations?
Earlier this year, billionaire investor and political donor George Soros drew a great deal of attention for suddenly acquiring about 200 radio stations in 40 national market from Audacy, a legacy broadcasting network.
Unsurprisingly, Soros faced both regulatory hurdles and political backlash for buying up so many broadcast stations at once.
Why is George Soros buying radio stations,
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Read MoreThe Burst
Stunning Earnings Forecasts Set To Power Ecommerce Giant Higher
When you need help setting up an online shop, Shopify Inc. (NYSE:SHOP) is the place to go and is widely considered the leading e-commerce company. Over the years, it became a powerful ecosystem that’s helped millions of merchants all over the world.
Shopify is loved by merchants because it’s easy to setup an online store.
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Read MoreThe Spotlight
Stagflation Is Here to Stay, How To Invest?
Back in the 1970s when stagflation took hold the world looked a whole different than it does today. Landlines have been replaced by mobile phones. TVs have been replaced by streaming apps. Records have been replaced by Spotify. But one thing that hasn’t changed is the definition of stagflation, a period where inflation rises at a more rapid pace than the economy.
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Read MoreThe Daily
Why Analysts Are Staying Bullish on Google After Search Worries Sparked Sell-Off
Key Takeaways
- Morgan Stanley said it’s “time to buy” Google parent Alphabet’s stock after a major sell-off Wednesday.
- The drop was spurred by worries Apple is looking to add AI search options to its Safari browser, which could ultimately replace Google.
- Several analysts pointed to Google’s advances in AI and dominance in the search industry as reasons to remain bullish.