Once per quarter, the S&P 500 index undergoes a rebalancing. Essentially, this is a list of requirements companies must meet to be eligible and maintain their status as a member of the S&P 500. The quarterly rebalances ensure that new companies enter the index while replacing businesses that have fallen out of eligibility. One company […]
We have closed the books on a strong first half of the year for the U.S. stock market, something that a lot of people overlooked. Now we embark on the second half of the year, which could bring some challenges, though July historically is the market’s best-performing month. In today’s video, I will cover four […]
While most stocks trading at absurdly cheap valuations do so for very legitimate reasons, there remain many cases where this deep discount from the market may be short-sighted. Two businesses that currently epitomize this concept are online petcare retailer Chewy (NYSE: CHWY) and beloved confectioner The Hershey Company (NYSE: HSY). However, after a 60% rise […]
The S&P 500 has advanced 15% year to date and 42% since the beginning of 2023. Those gains have made it difficult to find bargains in the stock market, but certain Wall Street analysts see plenty of upside in UiPath (NYSE: PATH) and Block (NYSE: SQ). Keith Weiss at Morgan Stanley has outlined a bull-case scenario […]
Contract electronics manufacturer Jabil (NYSE: JBL) has endured a tough time on the stock market so far this year, losing 11% of its value as of this writing, and the company’s latest quarterly report hasn’t helped boost investor confidence, either. Jabil released fiscal 2024 third-quarter results (for the three months ended May 31) on June […]
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Nvidia stock is still cheap based on a forward price-to-earnings multiple, according to a hedge fund manager. Eric Jackson expects Nvidia stock to hit $250 per share by the end of the year, doubling from current levels. Nvidia’s market cap could hit $6 trillion, […]
Known for primarily supplying chips to smartphone manufacturers, Qorvo (NASDAQ: QRVO) has delivered underwhelming returns on the stock market so far in 2024 with a flat performance. That’s quite weak compared to the 32% gains that the PHLX Semiconductor Sector index has delivered so far this year, but the good part is that Qorvo stock […]
Often times there are some absolute bargains in regard to stocks to invest in among the coveted Zacks Rank #1 (Strong Buy) list. This appears to be the case with several new additions to the strong buy list this week as the growth and valuations of these companies support the notion that their stocks are […]
“God I love Texas Roadhouse,” began one thread on Reddit, with over 1,000 upvotes. “Texas Roadhouse never disappoints,” began another, with over 5,000 votes. A third touted the “incredible value.” If there’s anything Americans love, it’s cheap meat. So business is booming at Texas Roadhouse and LongHorn Steakhouse, even as Americans pull back elsewhere. In […]
(Bloomberg) — US West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipeline reshuffles trade flows across the Pacific. Most Read from Bloomberg California and Washington are set to import about 150,000 barrels a day of Canadian crude by tanker in June — […]
A trio of viral videos from events President Joe Biden attended this month purport to show the 81-year-old in various states of confusion and, quite frankly, weird behavior. They include Biden’s June 6 appearance at D-Day anniversary ceremonies in France; the June 10 incident at a White House Juneteenth concert; and the June 15 Hollywood […]
When it comes to dividend stocks, Coca-Cola is a model of consistency, having raised its dividend for 62 consecutive years. Coke’s track record for dividend raises, 3.1% yield, and recession-resistant business model make it one of the safest passive income plays out there. But there may be an even better Dividend King to buy now. […]