by Shah Gilani
Listen, I'm not the kind of guy to say, "I told you so," but if I was, I'd sure be saying it now.
That's because I told you a few weeks ago that the former unicorn known as Lyft Inc. (Nasdaq:LYFT) would crash and burn on its IPO.
And that's exactly what it did.
Only, it's worse than the press is making it out to be.
Here's how Lyft, a distant cousin of Icarus, flew too close to the sun…
Here's how Lyft, a distant cousin of Icarus, flew too close to the sun...
It's time for investors to start looking for market leaders in the 5G revolution.
5G networks are popping up around the world, and while it's early, we know the three top 5G stocks to buy now.
Big companies are jumping on the crypto bandwagon, and for good reason.
Cryptocurrencies and the blockchain technology on which they are built are the wave of the future.
by Tim Melvin
I've been watching – and profiting on – a ridiculously profitable wave I've seen developing over the years. It's not exciting, but it's the easiest money there is: bank consolidation.
The trend has its roots in the 1980s, when the interstate banking regulations were changed to allow ownership across state lines.
Things got "interesting" in the aftermath of the savings and loan crisis, when the prices of great banks fell right alongside the dogs, overstuffed with junk bonds and dubious mortgages. At the time, it was cheaper by far for any CEO worth their salt to just up and buy a smaller competitor rather than try and expand in a new state or region.
The consolidation continued right on through the Internet "dot-com" bubble and collapse, right up until the eve of the credit crisis in late 2007.
Consolidation went on a holiday of sorts until about 2011, when it started right back up where it had left off 34 years earlier.
That brings us up to speed.
The news is, bank consolidation will – I repeat, will – make you stinkin' rich if you kick back and let it work for you. Maybe the easiest fortune ever made.
Why? Simple – there's a lot more consolidating left to do. A whole lot more.
Each year, somewhere between 3% and 5% of American banks are taken over, and that's going to continue until we get below 2,000 banks.
As you'll see in a minute, we're quite a ways from that milestone.
Making money off this trend is ridiculously easy. If you can sit around waiting for a package from Amazon, you have the specialist skillset required.
I've got two plays all lined up for you...
The Dow Jones Industrial Average is trending up this morning thanks to optimism over a potential trade deal with China this week.
But if progress toward a trade deal isn't made, then get prepared for a volatile week.
That's especially true when you factor in another bearish catalyst this week...
While JPMorgan is far from the first Wall Street firm to see a love connection between these two giants of Silicon Valley, Apple stock's increasingly perilous state makes this acquisition more likely than ever.
You see, recent reports from Cupertino suggest that the future of Apple stock is on the rocks.
In fact, just this week, the company's stock slumped over 2% on news that the company's app store revenue had declined last quarter.
The Dow Jones today is up just 4 points in pre-market trading as investors anticipate an earnings report from Alphabet Inc. (NASDAQ: GOOGL).
While Google will take center stage today, rumors are swirling about a blockbuster tech deal that would upend Wall Street. More on that below.
After months of neglect from Wall Street, investors have once again warmed to the General Electric Co. (NYSE: GE) on its run-up to earnings.
Since hitting a low of $6.71 on Dec. 12, 2018, the 126-year-old conglomerate has rallied, driving its share price to a 2019 high of $9.14 just last week.
The sudden jump has many investors wondering if one of Wall Street's favorite dividend stocks is finally back.
However, the picture isn't as straightforward when you take a closer look...
The Dow Jones Industrial Average projected a 24-point decline in premarket hours as all eyes turned to London for a crucial Brexit vote.
Today, the British Parliament will vote on Prime Minister Teresa May's proposed strategy to leave the European Union.
Mrs. May is largely expected to lose the vote, possibly by a historic margin.
The Dow Jones Industrial Average rose just over 25 points in premarket trading this morning as U.S. trade envoys arrived in Beijing for high profile talks with the Chinese government.
The talks come on the heels of signs that the Chinese economy is straining under pressure from American trade sanctions.
