The IPO market is off to an exceptionally strong start, after a two-month hiatus around the government shutdown. According to Renaissance Capital, 42 IPOs have priced this year. The average first-day pop has been 22%, well above the average of 13% to 15%. The above-average performance extends beyond the first day of trading. About 62% … Read more
Lyft reported a huge loss for its first quarterly earnings report as a public company Tuesday, but said it made strides in growing its active ridership. The stock fluctuated following the report but was down about 1% after executives’ call with analysts. Here’s how Lyft’s report compared to analyst expectations for its first-quarter of 2019: … Read more
With a solid U.S economy, Americans are stocking their shelves with the brand names they know and love rather than bargain products. Companies like Coca-Cola, Procter & Gamble, Hershey’s and Colgate all crushed earnings estimates… In turn, these strong reports helped push the Consumer Staples ETF (XLP) to a 52-week high last week. But not … Read more
Today is all about Warren Buffett. That’s because over the weekend, Buffett’s conglomerate, Berkshire Hathaway, held its annual shareholder meeting in Omaha, Nebraska. And although the main attraction was a six-hour Q&A session with Warren Buffett and Charlie Munger, what’s really important are the subtle insights into Berkshire’s stock picking strategies that were shared throughout … Read more
Berkshire Hathaway has been buying shares of Amazon. But Warren Buffett isn’t the one behind the purchases. “One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F” later this month, Buffett told CNBC Thursday, on the eve of the kick off of Berkshire’s … Read more
Electric car maker Tesla said in a filing Friday morning that it will boost the size of its share offering and said CEO Elon Musk will now buy $25 million in stock. The company also said that it is bumping the total amount of convertible notes it’s offered to $1.6 billion. The latest filing brings … Read more
Tesla said in a filing on Thursday that it would raise up to $2 billion, with $650 million coming in the form of new equity and $1.35 billion in convertible notes. CEO Elon Musk signaled the intent to buy about $10 million of the company’s stock in the new offering. The total equity offering is for 2.7 … Read more
Here’s what you can expect. Get the Most From Your Altucher’s Secret Income Membership When it comes to new Altucher’s Secret Income recommendations, I practice what I preach. That means I don’t go looking for great puts. Instead, I look for opportunities to write puts on great stocks. I start with the business first. — … Read more
What’s Cryptocurrency Masterclass by James Altucher? Dozens of Cryptocurrencies Are Exploding 3,475%, 21,611% and Even 81,465%… in a Matter of Months Take a look… The few people who understand what’s going on are already making a life-changing fortune. People like Alan A., a 47-year-old San Franciscan. Less than a year ago, he bought three digital … Read more
Apple’s iPhone is an incredible moneymaking machine. In the first three months of 2019, Apple sold $31 billion worth of iPhones. At the same time, the iPhone is becoming less important to Apple’s total sales as the smartphone industry stalls globally. iPhone revenue accounted for 53.5% of Apple’s revenue for the company’s fiscal second quarter, … Read more