Projected a 80-point gain Monday morning as markets reacted to Warren Buffett's comments during Berkshire Hathaway's annual shareholder meeting over the weekend in Omaha, Nebraska.
According to Buffett, Berkshire is currently holding $100 billion in cash thanks to returns on roughly $14 billion of investments made in the first quarter of 2018.
At the end of 2017, Morgan Stanley announced that semiconductor stocks were "currently at a peak" and that investors should have "increasingly negative prospects for the industry."
Morgan Stanley's comments sent the semiconductor industry into a tailspin – by late December, the sector had undergone a 10% correction, and Wall Street prospects for the industry's 2018 performance were increasingly dim.
However, they couldn't have been more wrong...
by Tim Melvin
The big "money center" banks are at the pinnacle of the U.S. and global economies. Like sleeping next to an elephant, every single little move they make has an outsized impact on every dollar you own. No investor can afford to ignore what they're doing, lest they end up on the wrong side of a gigantic capital wave.
The regionals – banks with presence in five, 10, or more states – are different. They're important, don't get me wrong, but I watch them like a hawk for the same reason I listen to the results of my annual physicals: to make sure everything's working right, and nothing disastrous is looming out there.
That's because, as the history of the financial crisis clearly tells us, regional banks are where you find the very first signs of the kind of gross stupidity and borderline criminal behavior that can spread to the money centers.
It's like "monkey see, monkey do," except the sequence runs, "little monkey do, big monkey see, all the monkeys take complete leave of their senses, and the global economy crashes."
by Jack Delaney
The legal marijuana industry is currently worth $10 billion.
As impressive as that is, that's nothing compared to where it's heading.
In fact, you won't believe how fast the legal cannabis market could be worth $75 billion...
The merger and acquisition between Sprint and T-Mobile has created a buzz on Wall Street.
Some believe the combined entity could create a new telecommunications juggernaut.
The price of Bitcoin is slowly climbing back to $10,000.
Now that crypto is getting popular again, even giant banks want in on the action.
In fact, one banking giant even plans to launch a crypto trading desk...
The secret to crushing the market is finding companies that provide products or services that transform lives.
Not only will the company thrive, but investors will also see their shares skyrocket.
When it comes to short interest, our Chris Johnson knows that it often provides the fuel for strong rallies, especially when there's too much of it.
Find out how you can end up on the right side of it with Best Buy stock...
Oil prices have been on a tear over the last year, rallying to nearly $70 a barrel this month.
That may tempt you into buying Chevron stock – or one of the other Big Oil behemoths – but that's a mistake…
The Dow Jones today fell over 100 points in pre-market trading as investors digested this morning's release of the April jobs report.
The U.S. added 164,000 new positions in April, falling short of the 190,000 new jobs expected by economists.
Despite this miss, unemployment fell to 3.9% - the lowest level since 2000.
