Every investor dreams of finding an underestimated megawinner, and then reaping a big reward for seeing something most others didn’t. Such trades are few and far between, however. Most stock picks end up being merely average performers. Nevertheless, there’s something to be learned by studying the few stocks that have …
Read More »Billionaire Stanley Druckenmiller Bet Big on This High-Yield Dividend Stock, and It’s Up 41% This Year. Is It Too Late to Buy?
Stanley Druckenmiller is one of the greatest investors of all time. As the manager of Duquesne Capital Management for nearly three decades, from 1981 to 2010, he generated an average annual return of 30% and never had a losing year. Druckenmiller also worked closely with George Soros, helping to “break …
Read More »GDP, Storm-Impacted Jobs Numbers to Set Table Ahead of Fed Policy Meeting
(Bloomberg) — A week before Federal Reserve officials gather to reflect on the appropriate tempo of interest-rates cuts, three high-profile reports are set to show underlying resilience in the US economy and a temporary hiccup in job growth. Most Read from Bloomberg Friday’s employment report, expected to show a modest …
Read More »Money market account rates today, October 26, 2024 (best account provides 5.05% APY)
Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September. So deposit rates — including money market account rates — …
Read More »Meet the Newest Stock-Split Stock to Join the S&P 500. It Soared 1,780% Over the Past Decade, and It’s Still a Buy Right Now, According to 1 Wall Street Analyst
The S&P 500 (SNPINDEX: ^GSPC) is the most widely followed index in the U.S., representing the 500 largest companies in the country. Given the breadth of companies that make up the benchmark, many consider it the most dependable measure of total stock market performance. To qualify for membership in the …
Read More »Kamala Harris To Win The Popular Vote? A $4 Million Payday For One Trader Who Thinks Trump’s Chances Are Only 15%
A pseudonymous Polymarket trader by the name of ‘Redegen’ has taken a sizeable position on Vice President Kamala Harris winning the popular vote in the November election. What Happened: Redegen stated on X that if his bet proves accurate, he could bank a profit of almost $4 million. “I think …
Read More »China Industrial Profits Extend Drop as Deflation Takes Toll
(Bloomberg) — Profits at China’s industrial firms in September declined at a faster pace than a month earlier, as deflationary pressures sap the strength of corporate finances. Most Read from Bloomberg Last month’s industrial profits at large Chinese companies fell 27.1% from a year earlier, after a 17.8% plunge in …
Read More »In this election cycle, ‘bond vigilantes’ are voting too—and they don’t like what they see
Suburban moms, crypto bros, and Swifties aren’t the only voters making their presence felt this election season. Bond investors are voting with their dollars in financial markets, and they don’t like what they see. The term “bond vigilantes” was famous coined by Wall Street veteran Ed Yardeni in the 1980s, …
Read More »Buy These 3 High-Yield Dividend Stocks Today and Sleep Soundly for a Decade
If you’re looking for high-yield dividend stocks, one of the best places to start your search is in the real estate investment trust (REIT) sector. This corporate structure is specifically designed to pass income on to shareholders via large dividend payments. But not all REITs are the same. Net lease …
Read More »Billionaire Ken Griffin Just Increased His Position in This Dividend Stock by 5,848%. Here’s Why Now May Be a Great Time to Buy.
Ken Griffin is a billionaire hedge fund manager and serves as CEO to Citadel Advisors. According to Citadel’s most recent 13F filing, the firm bought 18,736,591 shares of Kenvue (NYSE: KVUE) stock during the second quarter — increasing its position by 5,848%. Below, I’m going to break down why now …
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