Uber’s Stock Is Down But Business Is Booming, Why It Might Be a Buy
Uber (NYSE: UBER) has had its fair share of ups and downs lately. After peaking last October, the stock took a hit on the heels of Tesla’s flashy Cybercab announcement, a move that spooked investors and led to a sustained selloff into year-end.
While the stock has been slowly clawing its way back,
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Billionaire Bill Gates Has $21 Billion In Only 2 Stocks
Billionaire Bill Gates doesn’t follow the pattern of investing that esteemed academics recommend. Any Ivy League business school in the country will advocate for diversification, so why then does Bill shun the advice of academics and put all his eggs into just a few baskets?
One answer is that it’s precisely the approach that made him rich.
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24 Million Reasons To Buy This Time-Tested Stock
Warren Buffett’s transformation of Berkshire Hathaway from a struggling textile firm into a powerhouse conglomerate is legendary, illustrating the quintessential investor’s dream. Last year, Berkshire Hathaway celebrated a record-breaking profit just shy of $100 billion.
Now a nonagenarian, Buffett remains at the helm and his investment moves always draw significant attention. But Berkshire’s vast cash reserves are also a prime money-maker these days.
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1 Tool That Forecasts Recession Has Perfect Record
Oh gee, not only do bulls have to worry about how the CAPE index has risen above 30, historically a signal of an impending market correction. And not only do they have to be skittish about Nvidia hitting a $2 trillion market capitalization, leaving Meta and other Magnificent 7 stocks in the dust on valuation,
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The Danger Is Still High, Here’s Why
After a face-ripping rally Wednesday, markets took a breather yesterday. Futures were pointing lower, which, frankly, wasn’t all that surprising given how sharply things ripped higher.
But while some have pointed to a bottom, the reality is the danger is still high. Look no further than how the rally failed at the downtrending resistance line.
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Read MoreThe Burst
1 Rare Stock Buffett Is Buying
Warren Buffett has spent 2024 stockpiling cash, even going so far as to sell off sizeable pieces of some of his largest investments. Recently, though, Berkshire Hathaway announced that it had made some modest acquisitions, including the addition of nearly 388,000 shares of domain name registry service Verisign (NASDAQ:VRSN).
These purchases brought Berkshire Hathaway’s holdings in Verisign to 13.2 million shares,
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Read MoreThe Spotlight
The Greatest Trader In History?
Sometimes if you can’t beat ’em, you just have to join ’em. That might well be the case when it comes to Nancy Pelosi’s investment portfolio.
In online forums, her extraordinary outperformance has received enormous attention. How did Nancy Pelosi generate so much wealth on a politician’s salary is a common refrain.
Recently,
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Read MoreThe Daily
SBI Approves IPO Of Mutual Fund Arm — Details Inside
State Bank of India (SBI) is set to take its asset management arm public. The executive committee of the lender’s board has approved a partial divestment of its stake in SBI Funds Management Limited (SBIFML) through an Initial Public Offering (IPO), according to an exchange filing on Thursday.
In a meeting on Nov.
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