Energy stocks have been the star investment this year. Now it’s time to sell them and electrify your portfolio before investors once again focus on the industry’s long-term headwinds. There are a host of headwinds that could threaten the surge: rising recession risk, consumer backlash from the high price of gasoline, and the push to…
Nike Inc. is looking down at the heel, according to Seaport Research Partners, which downgraded the athletic giant to neutral from buy heading into fiscal fourth-quarter earnings, scheduled to be announced on June 27. “We do not believe an above-normal premium valuation is currently justified for three main reasons,” wrote Mitch Kummetz, senior analyst at…
A coterie of US investors took control of the British soccer team Chelsea FC last month – and some Wall Street insiders are still struggling to understand why. Todd Boehly – a co-owner of the Los Angeles Dodgers whose free-spending strategy over the past decade has been credited for reviving the MLB team – promised…
Read More “US investor purchase of Chelsea football club from Abramovich puzzles Wall Street” »
Dear Quentin, There’s been a property in our family going back decades. It was actually split into four equal parts among the original owners, who have now all passed away. So the kids of the owners have the rights to the property. They each have 25%. My grandma and her son (my uncle) were living…
The US stock market is experiencing a liquidation panic where everything is getting sold. The good news is such panics usually don’t last long. Analysis from Rob Hanna of Quantifiable Edges suggests a rare Inverse Zweig Breadth Thrust (ZBT). Although the sample size is small (n = 10 since 1926), the bearish implications of the…
My father-in-law has health issues. While he is not quite ready for a nursing home, that may be a necessity in the near future. He has state retirement benefits and a very small Social Security check. My mother-in-law operated an at-home daycare service, caring for a couple of children. Therefore, she has no Social Security…
Since many countries still require negative COVID-19 tests to enter, it’s good to obtain travel insurance. After all, a positive COVID-19 test result is still possible – even if you’re vaccinated and boosted – and could derail your trip. Increasingly, more Americans are jumping on the travel insurance train. Nearly one-third (31%) of US travelers…
Read More “Why pay for travel insurance? You may already be covered.” »
Talk of a potential deal that would let other OPEC + producers make up the crude supply gap left by Russia has put a lid on oil prices, but it would take much more to bring them down, analysts said. “Exempting Russia from the OPEC + output deal and allowing other producers such as Saudi…
