Nela Richardson, Edward Jones Investment Strategist, joins Yahoo Finance to discuss the market sell-off. She also weighs in on what investors can expect in the coming months as fears of a second wave of COVID-19 continue. ...
(Bloomberg) -- Barstool Sports’ Dave Portnoy had bought just one stock in his life before the quarantine hit. When the country shut down in March, canceling sports and sports betting, the founder of the brash, misogynistic media empire dusted off his old E*Trade account and started day trading.“With the volatility, it is kind of like watching a sports game,” said Portnoy, 43, who started live streaming as “Davey Day Trader Global” to his 1.5 million Twitter followers with the caveat: “I’m not a financial advisor. Don’t trust anything I say about stocks.”Despite the obligatory warning, Portnoy has touted stocks like InspireMD Inc. and Smith & Wesson Brands Inc., while dissing the acumen of Warren Buffett, the world’s fifth-richest person and widely regarded as one of the greatest investors ever. “I’m sure Warren Buffett is a great guy but when it comes to stocks he’s washed up,” Portnoy tweeted Tuesday. “I’m the...
From the perspective of American Airlines (NASDAQ:AAL), Federal Reserve Chair Jerome Powell might as well be a deity. A little more than a week ago, Powell stated that he will "act as appropriate" to sustain the economic recovery. Immediately, that sent AAL stock flying as it implied more inflation, which would theoretically reduce the underlying company's debt burden.Source: GagliardiPhotography / Shutterstock.com The following day after Powell broadcast his accommodative intentions, the government released the May jobs report. Frankly, it was stunning, revealing that the economy added 2.5 million jobs. Not only was it confirmation that the worst was behind us, it was also a repudiation of the many doom and gloom prognostications that preceded the report. This too gave AAL stock a hearty lift.But recently, the Fed Chair played the role of the killjoy. Despite encouraging labor market dynamics, Powell warned that the economy faced "a long road" to recovery. And...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]...
In this article we will check out the progression of hedge fund sentiment towards Alliance Data Systems Corporation (NYSE:ADS) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]...
