The best performing stock in the S&P 500 this year was none other than Tesla, up an astounding 660%. Next in line were Etsy (+290%), Nvidia (+117%), L Brands (+115%) and PayPal (+114%). If you missed out on one (or all) of these winners this year, you might be wondering if it’s too late to… Read more »
It wasn’t that long ago that the market fell out of love with the Big Tech IPO. In May of last year, Uber Technologies priced its IPO at the low-end of its expected range, and the shares still fell more than 7% on their first day of trading. The shares then fell by another 30%… Read more »
Much has been written about Elon Musk being a visionary genius or a film-flam man with a talent for securing government loans to fund his array of companies; some of which including Tesla (TSLA) – the automotive and solar panel company, SpaceX – space exploration, The Boring Company – construction, and his wireless internet company… Read more »
The safety of an asset is often defined by our view of what we believe its near term performance will look like. Few clients are willing to commit to a ten year hold on an investment. However, many clients can become skittish about what may happen to the markets over the next few months, and… Read more »
Today’s news that AstraZeneca and Oxford University’s Covid-19 vaccine is “highly effective” now marks the third Monday in a row that we’ve received positive news on a vaccine. Pfizer first reported positive data on its vaccine on Monday, November 9th, and Moderna a week later on Monday, November 16th. So much for having a case… Read more »
If the Financial Crisis ushered in the era of “ultra-low” interest rates, the current pandemic took it a step further to bring about “near-zero” interest rates. Forget about earning a decent return on bonds. 10-year Treasury bonds currently yield just 0.85% and investment-grade corporate bonds pay just 1.75%. Short-term bonds and cash pay next to… Read more »
On November 5th, the Wall Street Journal published a story entitled Josh Allen Improves His Accuracy. As I read through the piece, it occurred to me that the Bills approach to “investing” in Allen was a textbook example of the contrarian approach to investing money. The author, Andrew Beaton, writes “there is a camp of football… Read more »
With the election outcome (mostly) known, it’s clear the stock market views the result in a positive light. U.S. stocks rose 2% on the day following the election (as Biden took the lead in Wisconsin and Michigan) and another 2% the day after that (as Biden inched closer in Pennsylvania and Georgia). Stocks surged even… Read more »
A week away from the election and investors everywhere are making bets on who will win. A bet on Biden is a bet on clean energy and cannabis. A bet on Trump is a bet on fossil fuels and big banks. The merits of these investment themes (even should the candidate win) are shaky… Read more »
