Steve Eisman, the investor whose prescient financial crisis forecast was featured in “The Big Short,” is shorting electric automaker Tesla. The portfolio manager called the company’s founder Elon Musk a “very smart man” but raised concern about the CEO’s ability to follow through on lofty ambitions. “He’s got execution problems,” Eisman, portfolio manager at Neuberger
The core argument for many growth stocks comes down to ‘story’ versus valuation, and AppFolio (NASDAQ:APPF) is no exception. AppFolio’s software serves property management companies, with a smaller business for its MyCase legal software. And so far, the story has outweighed any valuation concerns, with AppFolio stock up 90% over the past year and ~70%
The surge in the dollar isn’t over yet, and that means bad news for investors in emerging markets. Beginning in late January the dollar index against major currencies has so far added more than 7% in value, according to government data. The move has come as the U.S. economy has accelerated while growth much of
Wind turbine blades at the Vestas blade factory in Denmark. Photographer: Chris Ratcliffe/Bloomberg Some of the world’s biggest companies are the makers of capital goods – the machines, buildings and equipment that keep the global economy going. As a result, these heavy industry manufacturers are some of the world’s biggest emitters of greenhouse gases (GHGs).
One of the best momentum stocks to buy of 2018 recently got a rude awakening from an analyst. On July 20, Credit Suisse analyst Judah Former downgraded discount retailer Five Below (NASDAQ:FIVE) to “neutral” from “outperform” after its stock gained more than 125% over the past year. “[Five Below] remains one of the most differentiated
U.S. stock futures are treading water in positive territory this morning. Wall Street is holding its ground in pre-market trading due to strong earnings results from Amazon (NASDAQ:AMZN). However, there is a tinge of nervousness. Traders are awaiting the release of second-quarter gross domestic product (GDP). Economists have forecast a reading of 4.2%, which would be
Shares of Yum China shot up more than 16 percent on Thursday after The Information reported that Hillhouse Capital Group, one of China’s major investors in tech, is in talks to acquire the fast-food restaurant company. Yum China stock was briefly halted due to volatility. Hillhouse Capital, a private equity firm known for its investment
The Securities and Exchange Commission rejected a proposal by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, for the first-ever cryptocurrency ETF. Last year, the SEC disapproved an application for the “Winklevoss Bitcoin Trust” but in June the group submitted a proposed rule change. Among other arguments, the agency said in a release Thursday
Second quarter growth is expected to be a strong 4 percent or more, the best pace in nearly four years, thanks to a stronger consumer and surprise narrowing of the trade deficit. Economists expect the economy grew by 4.1 percent in the second quarter, and their forecasts were in a wide range from about 2.5
Between see-through yoga pants and a toxic work culture, Lululemon (NASDAQ:LULU) has faced its fair share of controversy since going public over a decade ago. Those struggles appear to be in the rear view, though, with Lululemon stock jumping to new highs in a nearly uninterrupted one-year run. Shares of LULU have gained 63% year-to-date
The Pathway to American Energy Independence. Source: Shutterstock Although an MLP fund selling most of its MLPs might seem implausible, it represents a growing risk for their holders. MLP-dedicated funds are structured as corporations, which means they pay corporate taxes. They’re unique in this regard; few ETF or mutual fund investors stop to check
Pepsi (NASDAQ:PEP) has been a consistent performer for many years, with a brand name that is instantly recognizable around the world. In a marketplace that is trending toward healthier food and beverage choices, will Pepsi stock continue to satisfy its investors? The company’s most recent quarterly report gave no sign of the company slowing down.
Shoppers stand in line for the grand opening of the new IKEA Sweden AB store in Burbank, California, U.S., on Wednesday, Feb. 8, 2017. Photographer: Troy Harvey/Bloomberg It’s hardly news that the retail industry is going through significant contraction of selling space as an uptick in bankruptcies and outright liquidations forces hundreds of locations to
There’s no denying the fact that the first half of 2018 has been rough for the Hotels and Motels industry. Notably, it has witnessed a decline of 11.3% against the S&P 500’s gain of 1.9%. Unfavorable governmental policies, uncertainty in certain markets and RevPAR pressure has negatively impacted the industry players. Source: Shutterstock Moreover, Donald
(0:30) – Are Chinese Stocks An Opportunity For Value? (3:30) – Tracey’s Top Stock Picks (12:00) – Big Takeaways on Chinese Stocks: BABA, CTRP, TAL, TCEHY, JD [email protected] Welcome to Episode #100 of the Value Investor Podcast Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top
As the name suggests, the Accident and Health Insurance industry consists of participants providing workers’ compensation insurance largely to employers operating in hazardous industries (construction, trucking, logging and lumber, manufacturing and agriculture, among others) or providing group, individual or voluntary supplemental insurance products. Workers’ compensation is a form of accident insurance paid by employers without
One of the more common questions among those new to investing is, “What is a dividend stock?” It’s an important question for new investors, particularly those looking to stocks as a way to generate income. Obviously, the short answer to “what is a dividend stock?” is that it is a stock that pays a dividend.
Since their creation in 1960, real estate investment trusts (REITs) have served as a stock-based property investment delivering both growth and income to investors. They encompass virtually all types of property. Most investors think office, industrial, or retail property when thinking of REITs. However, several other sectors of REITs exist, including REITs exclusively focused on
Facebook (NASDAQ:FB) was killing U.S. stock futures this morning. Only Dow Jones Industrial Average futures, which do not list FB stock, were trading in the green in premarket activity. Facebook reported lower-than-expected quarterly revenue, slowing user growth and weak guidance. FB stock opened nearly 20% lower on the open, it’s single biggest one-day loss ever.
The Q2 earnings season is gathering steam, with total earnings of 87 S&P 500 members that have already reported improving by +20.9% from the same period last year on +10.3% higher revenues. In this positive scenario, let us figure out how the Utility sector is poised to perform this season. Earnings from Utility are expected