Author: Press Room
US stocks tumbled Monday after fresh data stoked concerns about the economy’s health. The Dow slid 300 points, or 0.8%, after tumbling more than 400 points earlier in the day. The S&P 500 declined 0.3% and the Nasdaq Composite added 0.1%. That comes after the Institute for Supply Management manufacturing index clocked in at 48.7% in May, down from 49.2% in April. A reading below 50 indicates signs of contraction in the US manufacturing industry, while a reading above that level signals expansion. “Today could mark a significant turning point in equity markets. In recent months, investors have cheered weaker-than-estimated…
Investment Summary Since my last report on Integer Holdings Corporation (NYSE:ITGR), the stock has experienced a substantial re-rating, surging nearly 60% from my previous hold call. This impressive growth has propelled the stock from a modest base of around $90/share to $121/share as I write. Figure 1. Tradingview There is no denying investors have bid up the company’s stock price and earnings multiples since the last publication. My questions now are threefold: 1) What may I have missed? 2) What’s driving the change in market value? and 3) Has the market got it right? Here I will run through the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The online fashion giant Shein is planning to confidentially file for a London listing as soon as the coming days, laying the groundwork for a blockbuster initial public offering in the UK.Shein is set to file privately with UK regulators its intention to float, according to people familiar with the matter, who cautioned that timing on the filing could yet shift.Shein had been leaning towards a London listing after tensions between Beijing and Washington stalled its plans for an IPO in New…
Former President Donald Trump falsely claimed in a new interview that he didn’t make a “lock her up” call for the imprisonment of his Democratic opponent of the 2016 presidential election, Hillary Clinton. Trump, who faces the possibility of a prison sentence after he was convicted last week on 34 felony counts of falsifying business records, was asked in an interview aired Sunday on Fox News about how he had “famously said… ‘lock her up’” in relation to Clinton but did not jail her when he was president. During his answer, Trump said he had decided that imprisoning Clinton “would have been a terrible thing.”…
Johnny Cash said, “Success is having to worry about every damn thing in the world, except money.” Whether in life, work, or money, the word “success” is so often used. And that’s not necessarily a bad thing. It works because of its malleability—everyone can make up their own definition. In addition to the legendary Man in Black, here are a few more classics from undeniably successful folks: “Success is liking yourself, liking what you do, and liking how you do it,” said poet, Maya Angelou. Nobel Peace Prize winner Albert Schweitzer said, “Success is not the key to happiness. Happiness…
As we embark on the spring homebuying season, the market might seem a bit chilly at first glance. Prospective buyers face a challenging landscape characterized by high mortgage rates, limited housing inventory, and escalating home prices. Compounding the situation, recent data from Freddie Mac reveals that in April, the average rate for a 30-year fixed mortgage surged back above 7%, adding further pressure. However, despite the recent spike in mortgage rates, it’s important to keep historical context in mind. While these rates may seem high compared to recent years, they are still considerably lower than rates seen in previous decades. For…
Did you have your finances totally figured out when you were 18?Almost no one does. But at 18, Darren Thedieck had some ideas about where he wanted to be, and he ended up getting a few crucial things right.Thedieck started nerding out over investing in high school, reading the likes of Benjamin Graham and Warren Buffett alongside “Stock Investing for Dummies.” By the time he joined the Air Force in 2012 at age 18, he was determined to start investing right away.As a result of steadily contributing to retirement and brokerage accounts over the years, the now 31-year-old has more…
Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March.Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed “Rubin,” ahead of the COMPUTEX tech conference in Taipei.Rubin comes months after the March announcement of the upcoming “Blackwell” model, which is still in production and expected to ship to customers later in 2024.Huang’s announcement of Rubin appears to quicken the company’s already-accelerated pace of AI chip advancement.Nvidia has pledged to release new AI chip models on a “one-year rhythm,” as Huang put it on Sunday.…
Media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in Bel-Air, California, where the ceremony took place. Zhukova is the mother of Russian American art collector Dasha Zhukova, the former wife of Russian oligarch Roman Abramovich. Murdoch sat for decades at the helm of Fox Corporation and News Corp, two of the biggest media companies in the world with outlets including the Wall Street…
The ARK Innovation ETF (NYSEARCA:ARKK) has been around since 2014. I wasn’t aware of the fund until Cathie Wood, the CEO and CIO of Ark Invest, started showing up on CNBC touting the results of her fund. As you can see below, ARKK’s results were stellar in the early 2020’s but have substantially lagged in recent years as the ETF’s price has fallen: Data by YChartsI’m not as negative on Woods and ARKK as many other analysts but I do believe investors would be better suited allocating funds elsewhere. Let’s dig into the details of the ETF and I’ll explain…
