Real estate, like nearly every aspect of our lives, took plenty of blows during the pandemic. People fled big cities and, freed up by working remotely, clamored for homes in the suburbs. Locked-down families craved more space, landlords fretted over collecting rent from tenants struggling with unemployment, and commercial storefronts and office space sat empty. […]
To prove that beaten-up doesn’t always mean attractively priced, today we’re featuring three no-moat stocks that have all lost more than 20% this year but still look expensive to us, based on their Morningstar Ratings for stocks. As the updates below from our analysts suggest, these aren’t terrible companies by any means–they simply lack competitive muscle […]
U.S. Senate has passed the “Build America Act of 2021,” also known as the bipartisan infrastructure bill, that includes new reporting for cryptocurrency transactions and brokers of cryptocurrency and provides for non-compliance penalties. The bill, which now heads to the U.S. House of Representatives, would require businesses that transmit digital assets to file tax information reports similar […]
New Mexico’s oil production surged to a record in May highlighting the Permian Basin’s role as the shale industry sees some recovery from the pandemic. The southwestern state produced about 4% more crude in the month to reach a record 1.22 million barrels a day, according to U.S. government data released Friday. It also topped […]
Most people are failing to safeguard their investment portfolios in the same way that they’re protecting their homes or cars. For most of the past 50-plus years, investors could balance their risk profiles simply by putting their money in a 60/40 stock-bond allocation. But those days are gone. What’s the solution to risk mitigation in […]
Americans are placing bigger Starbucks orders than ever before. Starbucks posted its highest-ever quarterly revenues Tuesday, which the chain credited in part to more customers ordering customized drinks and cold beverages, as well as a record number of people adding food to their orders. Starbucks’ net revenues were up 78% year-over-year, to a record $7.5 […]
Natural gas markets have gapped higher to kick off the trading session on Wednesday, and then shot straight up in the air. By doing so, we have cleared the most recent highs and now look likely to go towards the $4.40 level, an area that I had been talking about previously. When you look at the […]
U.S. energy firms added oil and natural gas rigs for a fourth week in a row for the first time since May, spurred by higher oil prices. Oil prices are up 48% so far this year, several energy firms have said they plan to raise spending, which however, remains small as most firms continue to […]
Robinhood’s stock will begin trading Thursday on Wall Street, the very place the online brokerage has rattled with its stated goal of democratizing finance. Through its app, Robinhood has introduced millions to investing and reshaped the brokerage industry, all while racking up a long list of controversies in less than eight years. Robinhood Markets and […]
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020, according to data released by the U.S. Census Bureau on Monday. Sales of new single family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below the […]
