Billionaire investor and head of Berkshire Hathaway Warren Buffett recently piled into oil shares, just as BP (LSE: BP.) has been hitting the headlines. News emerged that Elliott Management has built up a stake in BP worth close to £3.8bn. The hedge fund is urging the company to offload some of its green energy goals and return its focus to high-profit oil and gas. Did somebody say “Drill, baby, drill“? Warren Buffett might not be such an open activist. But he’s just put another $409m of Berkshire money into Occidental Petroleum. Berkshire now owns a whopping 28% of the $45bn…
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Nothing but Net: 10 Timeless Stock-Picking Lessons from One of Wall Street’s Top Tech Analysts. 2021. Mark S. F. Mahaney. McGraw Hill. In Nothing but Net, the well-known US technology analyst Mark Mahaney has encapsulated his life’s work in 300-plus pages. The book provides 10 invaluable lessons that investors can use to pick tech stocks in years to come. These lessons are imparted through case studies on companies, which makes the book fun to read. The book offers an informative history of some prominent tech stocks that thrived and others that failed. It covers Amazon, Facebook, Google, Netflix, and Uber…
Watch out for interest rates.Not the short-term rates controlled by the Federal Reserve. Barring an unforeseen financial crisis, they’re not going anywhere, especially not after the jump in inflation reported by the government on Wednesday.Instead, pay attention to the 10-year Treasury yield, which has been bouncing around since the election from about 4.8 to 4.2 percent. That’s not an unreasonable level over the last century or so.But it’s much higher than the 2.9 percent average of the last 20 years, according to FactSet data. At its upper range, that 10-year yield may be high enough to dampen the enthusiasm of…
Image source: Getty Images It can be tempting to buy and sell shares based on short-term market movements. However, history shows us that taking a patient approach to investing in UK shares can be a better way to building wealth over the long term. Share investing can be a bumpy ride. As we saw most recently in 2020 with the pandemic, markets can sink rapidly, leading investors’ portfolios into a sea of red. But staying the course and holding onto quality stocks can lead to superior returns over time. Fresh data from trading platform eToro perfectly illustrates the value of…
One phrase echoing through the fourth-quarter earnings season is a signal that investors and corporate executives alike may have a hard time predicting 2025: “currency headwinds.” The sharp rise in the U.S. dollar in the final months of 2024 has been blamed by company after company in recent weeks for underwhelming earnings in the fourth quarter, and greater uncertainty in 2025. Edgewell Personal Care COO Dan Sullivan said the “headwinds” hurt the Schick razor company’s gross margin by 0.4 percentage points last quarter. Levi Strauss chief financial officer Harmit Singh disclosed that the stronger greenback could take a 2.5 percentage-point…
A Canadian carbon project developer has acquired a US-based forest offset project developer for an undisclosed amount… Source link
In recent years, the voluntary carbon market has been challenged by a lack of transparency and quality, leading to skepticism about carbon credits as an effective tool to combat climate change. At Amazon, our scientists aim to address these challenges and work with third-party experts to monitor, measure, and ensure the validity and integrity of our projects. Amazon takes a “first principles approach”—we identify rigorous methodologies, rather than default to the current standards, and continually revisit the science as technologies and new advancements are made. Source link
Image source: Getty Images It’s not easy coming up with accurate dividend forecasts. As dividends are a distribution of earnings to shareholders, for forecasts to be worth the paper they’re written on it’s necessary to correctly model how a business is likely to perform. Fortunately, there are analysts that are paid to crunch the numbers. And before NatWest Group (LSE:NWG) released its 2024 results this morning (14 February), the consensus of 16 of them was for a full-year dividend of 19.4p. However, as a result of a “strong financial performance” against an “uncertain external backdrop”, the bank was able to…
Airbnb could be due for sizable gains over the next several months despite its recent underperformance, according to Baird. The firm upgraded the stock to outperform from neutral and increased its price target by $35 to $175. That updated target now implies 24% upside potential, as of Thursday’s close. Shares jumped more than 13% in premarket trading on Friday after the company’s latest quarterly results beat on the top and bottom lines. Airbnb earned 73 cents per share on $2.48 billion in revenue for the fourth quarter, while analysts surveyed by LSEG were expecting 58 cents per share and $2.42…
(Bloomberg) — US Treasuries stabilized on Friday after a turbulent week that saw traders confronted by the reality another interest-rate cut could be a long time coming. Most Read from Bloomberg The US two-year yield was almost bang in line with where it ended last week at 4.29% after jumping 10 basis points earlier in the week. The 10-year yield was also little changed, trading just above 4.50%. The debt market could get a boost later in the day if US retail sales for January come in slower due to frigid weather as expected. That would spur hopes for deeper…