New investors just starting out have many choices available to them, and deciding where to begin can be a challenge. Rather than choosing one stock or sector to invest in, investors can instead gain broad exposure to hundreds of the U.S. market’s best stocks through a broad-market S&P 500 ETF like the SPDR Portfolio S&P 500 ETF (SPLG). I’m bullish on SPLG due to its strong history of returns and its easy access to the earnings power of over 500 of the U.S.’s best companies in one simple and efficient vehicle. Not only that, it does so for a very low…
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Image source: Getty Images I think these FTSE 100 stocks could sink like a stone next year. Here’s why. Barclays Banks with significant US exposure have a good chance to grow profits, and especially if President-elect Donald Trump’s planned reforms jump-start the economy. Wide-scale deregulation could also benefit operators on the other side of the Atlantic. But this isn’t enough to tempt me to buy Barclays (LSE:BARC) shares. The bank still sources the lion’s share of its profits — around 60% — from the UK. This creates large risks to investors, in my opinion, given the prospect of continued weak…
Bitwise Seeks to Convert $1.3B Crypto Index to ETP Bitwise Asset Management has announced that NYSE Arca has filed a Form 19b-4 to uplist the $1.3 billion Bitwise 10 Crypto Index Fund (BITW) as an ETP, joining a growing trend of crypto asset managers seeking to convert investment vehicles into exchange-traded structures. “Bitwise believes that ETPs are among the most efficient, convenient, and useful vehicles for providing crypto exposure,” Bitwise CEO Hunter Horsley said in the announcement. “We remain committed to converting BITW to an ETP.” BITW, which launched in November 2017 as the world’s first crypto index fund, provides…
Investing.com – EOS was trading at $0.6171 by 00:06 (05:06 GMT) on the Investing.com Index on Saturday, up 10.28% on the day. It was the largest one-day percentage gain since November 10. The move upwards pushed EOS’s market cap up to $918.3833M, or 0.03% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B. EOS had traded in a range of $0.5853 to $0.6171 in the previous twenty-four hours. Over the past seven days, EOS has seen a rise in value, as it gained 28.27%. The volume of EOS traded in the twenty-four hours to time…
By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. Hwang, 60, faces a scheduled Nov. 20 sentencing in Manhattan federal court after being convicted in July on 10 criminal charges including securities and wire fraud and racketeering conspiracy. Prosecutors accused Hwang of lying to banks about Archegos’ portfolio so he could borrow money aggressively and make concentrated bets on media and technology…
Super Micro Computer (SMCI) faces a potential delisting from the Nasdaq due to delays in filing its financial statements. The company has until November 16 to submit a plan for regaining compliance after its auditor, Ernst & Young, resigned in October. Defiance ETFs CEO and CIO Sylvia Jablonski joins Morning Brief Anchors Seana Smith and Brad Smith to discuss the outlook for Super Micro and its investors. “They’re in the right place at the right time with the right product and the right ecosystem,” Jablonski said. The reports are holding the company back because they raise questions about whether the…
You need to keep up on Warren Buffett stocks, because while the Berkshire Hathaway (BRKB) chief sticks to a winning investing formula, that doesn’t mean sitting still. ↑ X NOW PLAYING Warren Buffett Vs. IBD Methodology: Finding The Right Investing Approach For You In the third quarter of 2024, Buffett’s Berkshire further slashed its massive Apple (AAPL) stake by 25%, or 100 million shares, leaving it with 300 million shares in the iPhone maker. Berkshire Hathaway also sold Bank of America (BAC), another major holding. Among other key Q3 moves, the conglomerate bought Domino’s Pizza (DPZ) and Pool Corp. (POOL) for…
Investors thought they had the whole “Trump Trade” figured out, until, unfortunately, they didn’t. Stocks and other risky assets rallied strongly in the wake of Donald Trump ‘s decisive triumph in the Nov. 5 presidential election as markets bet on expansionary fiscal policy and easing regulations that would spark another leg up for Wall Street and Main Street as well. However, the narrative has shifted over the past several days. What had been high hopes for growth morphed into worries about inflation and how the Federal Reserve might respond. Consequently, major averages have taken out a good share of the…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Muslim leaders who supported Republican Donald Trump to protest against the Biden administration’s support for Israel’s war on Gaza and attacks on Lebanon have been deeply disappointed by his cabinet picks, they tell Reuters. “Trump won because of us and we’re not happy with his secretary of state pick and others,” said Rabiul Chowdhury, a Philadelphia investor who chaired the Abandon Harris campaign in Pennsylvania and co-founded Muslims for Trump. Muslim support for Trump helped him win Michigan and may have factored into other swing state wins, strategists believe. Trump picked Republican senator…
Annabelle Chih / Bloomberg / Getty Images Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024 Super Micro Computer (SMCI) shares soared over 18% in extended trading Friday following reports the company is expected to file a plan for its delayed annual report by Monday that could help it avoid delisting. Supermicro said it received a letter from the Nasdaq on Sept. 17 warning it would be delisted if it does not file the delinquent report or submit a plan within 60 days, or by Nov. 16, with the weekend deadline making…