Mullen Automotive (MULN)'s share price has witnessed exponential growth recently, with the stock skyrocketing over 25% in trading today. Investors are keen to understand the major catalysts propelling Mullen stock higher. The Driver A key factor is Mullen's announcement of a 1-for-100 reverse stock split taking effect on December 21. Reverse splits typically drive share […]
Archives for December 2023
December 2023 - Page 2 of 4 - Money Morning - Only the News You Can Profit From
Three Stocks to Watch: Fedex Doesn’t Deliver, Winnabego Misses, and Google Gets an Upgrade
Fedex (FDX) announced earnings results for the last quarter this morning, and the company missed their delivery. For the quarter, they missed their earnings per share target by 0.20 after reporting results of $3.99 per. The miss was driven by a 13% decline in shipping volume. Its important to remember that it appears that we […]
There’s Gold in Those Charts!
Forget gold's crazy run — let's talk about a different kind of gold rush – “Golden Crosses.” Picture this: the 50-day moving average doing a victory dance as it crosses above the 200-day moving average, signaling a hot, new long-term trend in a stock or sector. Guess what? Regional banks just had their first Golden […]
You’re Going to Want to Change Your Investment Strategy in 2024
I know I just told you to lay off the trading for the next week or so, but it’s not too early to think about how you’re going to need to change your investment strategy in 2024. There are going to be some huge opportunities coming to the markets next year. As I always say, […]
Three Stocks to Watch: Steel Deal Struck, $215 Billion Might Not Be Enough, and Top 10 for the First Time
Steel Deal Struck: U.S. Steel (X) has finally struck the deal. After rejecting Cleveland-Cliff (CLF)’s takeover bid in August, the company that J.P. Morgan himself formed in 1901 is being bought out for $14.9 billion, including debt, or $55 a share by Japanese steel giant Nippon Steel. The latter is in a better position than […]
This Baffling Statistic Has Deep Implications for Your Money (and the Market)
After watching Blackstone’s goofy 2023 holiday video spoofing on Taylor Swift last week, click here to view for yourself, I was reminded of a book I read a few months ago. Our Lives in Their Portfolios by Brett Christophers details the subtle yet significant capital shift from banks to asset managers that took place, and […]
Buy the Transaction, Not the House
If you missed it, I slipped a real gem into your email box on Wednesday morning when I shared my bullish view on Zillow (Z). Since then, the stock gained 18%, as the crowd realized that 2024 has the potential of being a banner year for housing. But there’s a catch, and I want you […]
Investing Is Not About Making Money
I know it sounds ridiculous… And it may sound like something you already know… But investing is not about making money. It’s about not losing anything or allowing your money to devalue in the first place. Hence the famous Warren Buffett principle, “The first rule of an investment is don’t lose [money]. And the second […]
Wait Just a Minute Before You Push That “Buy” Button…
I know how you feel. No, seriously… I KNOW HOW YOU FEEL. Like 90% of investors, you’ve watched the market shoot higher after the last two days, and you’re probably thinking that you need to move every penny from your money market into stocks before you get left behind for good. We call it FOMO. […]
Three Stocks to Watch: "Generating" Opportunities, Buying This Stock "In Bulk," and Toy Story 2
Buying in Bulk: Costco (COST) dropped their latest earnings results on the market after the close on Thursday. The company beat analyst expectations and declared a special dividend of $15 per share. Shares look attractive at $620 as the retail sector will catch more buying interest in the new year. Toy Story 2: I dissed […]