The Dow Jones Industrial Average is pointed down today as investors worry about the state of U.S. and Chinese trade negotiations.
Media outlets have reported that China is pressing the U.S. to drop all tariffs set for December. But that's not the only thing affecting the Dow today…
A successful IPO stock pick can be very rewarding.
But some investors have figured out how to maximize that reward by investing in companies long before they're publicly traded.
These are called angel investors.
And they're more common than you might think.
In fact, you could be one, too...
I find it extremely interesting that at a time when the markets are sideways, and interest rates are falling, Warren Buffett is buying banks…
Berkshire Hathaway is now among the five largest shareholders at firms like Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Goldman Sachs Inc. (NYSE: GS). Even credit card giant American Express Co. (NYSE: AXP) is a significant Buffett holding.
Right now, a lot of people are avoiding banks because of falling rates. But when you understand the broader trends, banking stocks are attractive, cheap, and have massive upside.
There are other major trends in the banking industry that you should know about.
I'll discuss those major trends and tap into the best bank stock to buy according to the Money Morning Stock VQScore™.
The Dow Jones today will continue its climb after news that the U.S. and China would proceed with trade talks.
This growth comes in spite of a U.S. jobs report that fell short of expectations.
by Mike Stenger
Comcast Corp. just performed its biggest blunder yet.
And fortunately enough, Comcast's stupidity is fueling a 188% profit opportunity in another stock that we'll show you in just a bit.
On August 19 (Monday), 181 of the nation's top companies released a joint pledge to serve all "stakeholders," expanding the scope of corporate responsibility from what was previously just "shareholders."
Many wondered if this was merely a political move…well, it was for Comcast.
The U.S. stock market is near all-time highs, of course, but there's a more troubling flip side to that: U.S. stocks are at nonsensical, nosebleed valuations.
Folks, when a money-losing outfit like Uber can go out – in broad daylight, in front of everyone – and value itself at $84.2 billion with a totally straight face and no hint of sarcasm or irony…
Well… that tells you something's not right. Something's been broken.
It deserves it for sure, but I'm not just singling Uber out here; it's merely emblematic of this mass insanity. There are hundreds upon hundreds of companies, many of them market leaders, trading at multiples quite divorced from reality. Nothing about the fundamentals justifies the prices being asked.
And like the saying goes, you can't fool all the people all of the time.
As I'm going to show you in a second, savvy investors – the so-called "smart money" – are increasing their cash positions. That's a wise move, because cash won't lose its value the way stocks do, and you can use it for "dry powder" to scoop up bargains when markets slide by double digits.
There's just one problem: The smart money is building up cash, but nowhere near fast enough. Nor are they setting aside enough.
The Dow Jones today will gain on positive sentiment around the G-20 Conference.
President Trump and Chinese President Xi Jinping are holding their firm positions on tariffs, but continued diplomacy has made investors optimistic.
Although the yield curve remains stubbornly flat despite the economy's emergence from post-financial crisis malaise, bank stocks are on the verge of an upside breakout.
But don't take our word for it – the Oracle of Omaha himself is putting his money where his mouth is.
Expect a shaky Dow Jones today as we draw closer to what investors predict will be the worst earnings season since 2016.
President Trump is also threatening to slam the EU with billions in new tariffs.
The Dow Jones Industrial Average projected a 95-point gain in premarket hours after a strong earnings report by Bank of America Corp.
(NYSE: BAC) offset concerns over the failure of a Brexit vote in the United Kingdom's House of Commons.
