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Recently filed Forms 13F show that two high-profile hedge fund managers sold shares of Nvidia during the second quarter while reallocating capital to the iShares Bitcoin Trust (NASDAQ: IBIT) , an exchange-traded fund (ETF) that tracks Bitcoin (CRYPTO: BTC). David Shaw at D.E. Shaw sold 12.1 million shares of Nvidia, trimming his position by 52%. Meanwhile, he bought 2.4 million shares of the iShares Bitcoin Trust, increasing his position by 1,658%.
As we entered the last weeks of summer, the crypto market began to heat up as if it was mid-July. Numerous news developments and trends that have powered rallies in digital coins and tokens in the past started to boost the market again. As a result, many were rising at comfortable, double-digit rates over the course of this week. There was plenty of variety in that surge, too, data compiled by S&P Global Market Intelligence reveal.
On Wall Street, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett is truly in a class of his own. Without using fancy software or trading algorithms, the Oracle of Omaha has, over nearly six decades, nearly doubled up the annualized total return, including dividends paid, of the benchmark S&P 500. On an aggregate return basis, we're talking about Berkshire's Class A shares (BRK.A) increasing in value by roughly 5,387,100% under Buffett's watch.
Nvidia (NASDAQ: NVDA) has been one of the biggest beneficiaries of the booming spending on artificial intelligence (AI) development. Its graphics processing units ( GPUs) are a key piece of infrastructure for training and running large language models , the backbone of generative AI. Big tech companies like Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META) are spending billions of dollars to get their hands on as many Nvidia GPUs as possible right now.
The average 401(k) balance for American workers 65 and older hovered around $233,000 in 2022. Not too shabby. For some, that might be a solid nest egg when combined with other sources of retirement income. But if you're like me, you're probably aiming for a bit more to play it safe. Becoming a retirement millionaire may have crossed your mind. More people are reaching that goal with their 401(k)s, and you could be one step closer to joining the 401(k) millionaire club.
The stock market hasn't rewarded Micron Technology (NASDAQ: MU) enough for the outstanding growth that it has been delivering in 2024, which is evident from the 26% jump in the shares of the memory specialist so far this year. It is also worth noting that Micron stock has retreated nearly 30% since hitting a 52-week high two months ago. However, this is good news for savvy investors looking to add a company that's well on its way to capitalizing on the fast-growing adoption of artificial intelli
Two artificial intelligence (AI) stocks have led the S&P 500 (SNPINDEX: ^GSPC) higher this year. Semiconductor company Nvidia (NASDAQ: NVDA) and server manufacturer Super Micro Computer (NASDAQ: SMCI) have see their share prices surge 159% and 119%, respectively. Both companies recently announced 10-for-1 stock splits to make shares more affordable.
Are you looking for some new stock picks that will start paying off sooner than later? Finding good choices can be particularly tough in the current environment. Not only are stocks' near-term performances difficult to predict, but we're starting to see a few economic red flags like rising unemployment and a recently uninverted yield curve. There is a small handful of stocks, however, that could be notably higher by the end of this year.
Are you looking for some new stock picks that will start paying off sooner than later? Finding good choices can be particularly tough in the current environment. Not only are stocks' near-term performances difficult to predict, but we're starting to see a few economic red flags like rising unemployment and a recently uninverted yield curve. There is a small handful of stocks, however, that could be notably higher by the end of this year.
In July, more than 51.2 million retired workers brought home an average check of $1,919.40 from Social Security. This program, which was signed into law in August 1935 and doled out its first retired-worker check in January 1940, is vital to the financial well-being of most aging Americans. For 23 consecutive years, national pollster Gallup has questioned retirees about their reliance on the income they receive from America's top retirement program.
There is so much to love about dividends, the cash payments investors receive when a company shares its profits with them. Dividends help shareholders realize an investment return without having to sell the stock. You can reinvest the cash or do whatever else you want. A large enough dividend portfolio can grow into a wealth machine, pumping out thousands of dollars in annual passive income.
CrowdStrike (NASDAQ: CRWD) stock had a difficult summer, slipping badly since an automatic software update it pushed to its clients caused millions of computers to crash. With the stock down by around 30% from its highs, investors may wonder if they should take this opportunity to open a position. The company's fiscal second-quarter report right around the corner on Aug. 28, so the clock is also ticking for investors to buy the stock before a major news announcement.
Nvidia 's stock split earlier this year was followed up by a period of strong valuation gains for the company, and the artificial intelligence (AI) leader is far from the first to benefit from post-split momentum. While stock splits don't do anything to change the fundamentals of a business, there are reasons why investors like them. By breaking its share count down into a larger number of shares, a company makes its stock potentially more accessible and attractive to a wider range of investors.
Investors who have not looked at Realty Income (NYSE: O) in the last few weeks may be surprised to see it at a 52-week high. Despite a growing, stable revenue stream from high-profile clients, the company suffered from a high-interest-rate environment that has pressured its bottom line. Now, with the prospect of lower interest rates, investors have bid the stock higher by almost 15% since the beginning of July.
Shares of Cava Group (NYSE: CAVA) were soaring today after the fast-casual restaurant chain delivered another strong earnings report with impressive growth on the top and bottom lines. As of 9:51 a.m. ET, Cava stock was up 14.1% on the news. Image source: Cava. Cava shines again Cava said that comparable sales surged 14.4% in the period, driven by 9.5% traffic growth.
Enterprise Products Partners (NYSE: EPD) is an elite dividend stock. The master limited partnership (MLP) has increased its cash distribution to investors for 26 straight years , including by 5% over the past year. That payout currently yields over 7%, well above the S&P 500's sub-1.5% average. The MLP should have plenty of fuel to continue increasing its big-time payout in the future.
Image source: Getty Images Americans owe a total of $1.14 trillion in credit card debt, according to the Federal Reserve Bank of New York. That's a lot of money, particularly when you consider that credit card interest can run to 20% or 25% (and sometimes even higher). Those high APRs make it all too easy for credit card debt to become unmanageable.
Image source: Getty Images Retirees often don't need to borrow money or pass credit checks anymore. By the time you retire, you could already have some quality credit cards , a home you've paid off, and enough in your retirement accounts to live comfortably. Taking all that into consideration, your credit score might not seem too important. But it's still wise to maintain a good credit score, because there are ways it could impact your life. 1.
Careers can keep people in a certain city for a long time, and that's not always a bad thing. But sometimes, you get to retirement, and you just want a change. Maybe you're sick of all the snow, and you want to move somewhere warmer. Or you're thinking about getting closer to friends and family. These are all valid reasons to want to move in retirement, but they might not be the most important factors to focus on.
Nvidia (NASDAQ: NVDA) is the most-watched tech stock. There's no question. Its upcoming earnings, which come after the majority of the industry and all of the "Magnificent Seven" have already reported, are hotly anticipated. As the centerpiece of the artificial intelligence (AI) revolution, Nvidia saw its revenue skyrocket from the end of 2022 to now.
Warren Buffett is the chairman and CEO of the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) investment company. He has overseen a 19.8% compound annual return in Berkshire stock since 1965, which would have been enough to turn an investment of $1,000 back then into over $42.5 million today. The same investment in the S&P 500 index would be worth just $327,400 today, so it's no surprise that investors closely monitor Buffett's every move.
After a spectacular performance in 2023 and a roaring start to 2024, the capital markets have started to cool down as of late. Naturally, the recent selling activity can be attributed to a variety of factors including mixed job data, the Federal Reserve's monetary policy outlook, and of course the upcoming presidential election. During times like these investors may opt to exit more growth-oriented opportunities and seek safer, steadier positions.
Despite historically hot trends like artificial intelligence (AI) dominating headlines on Wall Street, it's stock-split euphoria that's played an equally impressive role in sending the broader market higher in 2024. Put simply, a stock split is a tool publicly traded companies can lean on to adjust their share price and outstanding share count by the same factor.
Eli Lilly (NYSE: LLY) is a growth machine, with its business taking off due to its wildly successful diabetes drug Mounjaro, which recently was approved for weight-loss treatment under the name Zepbound. It could end up being the company's top seller in the near future. There is no shortage of reasons to be bullish on the company. Its sales have been rising at a rapid rate.
For much of 2024, Ethereum (CRYPTO: ETH) has disappointed crypto investors. Even with all the hype and buzz around the launch of the new spot exchange-traded funds (ETFs), the price of Ethereum is up a measly 15% for the year. By way of comparison, Bitcoin (CRYPTO: BTC) is up nearly 40% for the year. And don't even get me started about all the meme coins that are up 500% or more for the year.
Image source: The Motley Fool/Upsplash Your credit score is a way of measuring your creditworthiness, so it's extremely important in certain situations. If you want to apply for one of the best credit cards , it helps to have a high credit score. The same is true if you're hoping to get a low rate on a loan, such as a mortgage. Many people believe that raising your credit score is a slow, difficult process, but that's not always the case.
What can easily be described as the most important data release of the third quarter occurred last week -- and a lot of investors probably missed it. Every quarter, institutional investors with at least $100 million in assets under management are required to file Form 13F with the Securities and Exchange Commission. In simple terms, a 13F allows investors to see what Wall Street's most-successful investors purchased and sold in the most recent quarter (in this instance, the June-ended quarter).
The U.S. Federal Reserve has held interest rates steady since August 2023, when it last raised the federal funds rate to a 23-year high of 5.33%. But with inflation cooling and the unemployment rate ticking up, many Wall Street pundits predict the Fed will cut interest rates at its next meeting on Sept. 17 and 18. Falling interest rates are typically good for the stock market -- and I'll explain why in a moment -- but since a September rate cut is now widely expected, it's unlikely to have a sub
Image source: Upsplash/The Motley Fool For many shoppers, a Sam's Club membership can unlock significant savings. If you want to reduce your grocery and household goods spending, consider joining Sam's Club. Shopping the deals at your local club could help you keep more money in your checking account. The warehouse club sells name-brand essentials and products from its private-label Member's Mark brand.
Image source: Getty Images Unexpected expenses have a way of sneaking up on you. It's easy to feel overwhelmed when that happens, especially since so many people's budgets have only tightened in recent years. In fact, about 37% of Americans can't afford an unexpected expense over $400, and 21% have no emergency savings, based on recent data from Empower, a financial services company.
Investing is all about opportunity. For long-term investors, stock market dips can be a great time to accumulate shares. By purchasing shares at an even slightly lower price, investors can help lower their cost basis, which, over time, can help build wealth. So, let's examine three Vanguard exchange-traded funds (ETFs) that are worth picking up on the next stock market dip.
When a company is in a tough financial situation, all options are on the table. For the sake of keeping its operations afloat and ensuring its long-term safety, a company may drastically cut expenses and even abandon once-promising growth opportunities. Cash comes first. Walgreens Boots Alliance (NASDAQ: WBA) is a company that may be in urgent need of strengthening its cash position.
The age at which you claim your Social Security benefits will have a big impact on their size. If a person who had average earnings throughout their working life files for Social Security at 62 this year, their benefits will replace roughly 30% of their pre-retirement income. But if that same person delays taking benefits until they turn 70, their checks will be equivalent to more than 50% of their pre-retirement income.
You probably know that an IRA account can help you save for retirement. But you might not appreciate just how powerfully it can do so. Consider, for example, that one of Warren Buffett's investing lieutenants, Ted Weschler, managed to grow his IRA from a value of $70,000 to $264 million ! Yes, that's amazing and most of us probably can't achieve the same result.
Although most investors were laser-focused on the release of the July inflation report last week, they may have missed what could be described as the most insightful data dump of the third quarter. On Aug. 14, institutional investors with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission.
Shares of luxury electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) surged as much as 8% higher on Wednesday morning. The move came as CEO Peter Rawlinson started trying to generate excitement among investors for the company's upcoming fully electric Gravity SUV. Rawlinson was interviewed at the recent Pebble Beach Concours d'Elegance car show in California.
Plug Power 's (NASDAQ: PLUG) hydrogen fuel cell solutions could help usher in a newer, cleaner, sustainable energy source. With some estimates projecting that the green hydrogen energy market could grow to $30 billion by 2030, Plug Power's long-term opportunity is huge. However, despite being a leading hydrogen energy stock, the company has struggled mightily over the past several years.
The past few months have seen a bunch of artificial intelligence (AI)-related technology companies announce stock splits. In fact, of the five potential AI stock splits I wrote about back in May, four have already either executed or announced imminent splits. Remember, a stock split doesn't change the intrinsic value of a stock one iota. But it can open up the stock to more retail investors and/or employees who would like to buy shares in lower dollar amounts, and who don't have access to fracti
In today's video, I will be talking about the recent updates regarding SoFi Technologies (NASDAQ: SOFI). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Aug. 20, 2024. The video was published on Aug. 20, 2024. Should you invest $1,000 in SoFi Technologies right now?
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