Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled nearly 9% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete against…
The upcoming earnings season could decide what’s next for stocks. The S & P 500 and Dow Jones Industrial Average are at all-time highs after a strong jobs report last week and some cooler inflation data this week raised investor confidence in equities. Tech stocks outperformed this week, with the sector up more than 2%,…
October is off to a rocky start, but a strong period of seasonality is only just beginning – particularly for select dividend-paying stocks, Bespoke Investment Group found. “Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best,” the firm said in a report earlier…
(Bloomberg) — Warren Buffett’s sales of Bank of America Corp. stock slowed for a third straight round, fetching some of the lowest prices since he began a spree of liquidations in mid-July. Most Read from Bloomberg Buffett’s Berkshire Hathaway Inc. reaped $338 million by selling the shares this week, according to a filing Wednesday that…
When Warren Buffett, the ultimate buy-and-hold investor, sells a stock, it often sends a negative signal about the underlying business and maybe even the entire industry. The Sage of Omaha, whose preferred holding period is forever, is usually only motivated to exit a big position when he judges that the competitive edge of a business…
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first quarter, putting Beijing on track to meet its growth goal for the year without adding major stimulus, while also helping to cushion the global economy against a…
When the man who’s built the greatest fortune in history from investing alone – and whose preferred holding period is “forever” – becomes a resolute seller of two of the most widely held stocks in the world, the questions about what it means for the market and economy are inevitable. And so it is with…