J.P. Morgan Chase reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from higher interest rates. The company said profit rose 5 percent to $9.18 billion, or $2.65 a share, compared with analysts’ average estimate of $2.35 a share. Revenue also rose 5 percent to $29.9 billion, exceeding estimates by about … Read more
Lyft shares hit a new 52-week low on Wednesday as the stock tumbled nearly 11% while investors expect its larger rival Uber to formally file to go public on Thursday. Lyft’s drop also follows skepticism about the ride-hailing service’s valuation from a top authority. New York University professor Aswath Damodaran said Lyft should be traded … Read more
Uber Technologies has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday. An IPO of this size would make Uber one of the biggest technology IPOs of all … Read more
Whitney Tilson: “I have found what I believe will be the next big tech trend that will make investors rich.” Click Here To Learn More On April 17 at 8 p.m. Eastern, Whitney Tilson is airing an on-camera interview where he’ll reveal the secret of his strategy and announce the biggest prediction of his career. … Read more
By Jody Chudley, Financial Analyst For more than a decade, investors have pumped cash into index funds and other passive investment vehicles, much to the dismay of active managers. The dollar amounts involved are staggering. As a result, the share prices of publicly traded active asset managers have struggled. But what we all need to … Read more
Here’s a sobering thought for investors of retail stocks… Amazon has killed off many retailers in the last 10 years. But there’s hope for the survivors — and you, as an investor. Though more retailers are scheduled to close their doors this year, one company remains undaunted. In fact, over the last decade, this company’s … Read more
Shares of Lyft sank as much as 11 percent Monday, falling below the stock’s IPO price in its second day of trading on the public market. The stock traded as low as $69.12 a share just after market open, more than 20 percent below its Friday intraday high of $88.60. More than 16 million shares … Read more
Hearing the superlatives applied to Wall Street’s fast start — the S&P 500 up 13 percent, its best first quarter in 21 years — might leave the impression the bulls have routed the doubters decisively. But it’s closer to the truth to say that for two months bulls rebounded from the devastating loss suffered at … Read more
General Electric is having a top-notch year. Shares of the industrial giant have gained 32 percent so far in 2019, making it one of the best-performing stocks in the S&P 500. Other top performers include Chipotle, up 63 percent; Xilinx, up 50 percent; Ulta Beauty, up 42 percent; and Best Buy, up 34 percent. And, … Read more
We are ending the first quarter on a note of modest anxiety over lower Treasury yields, but investors should be very happy with their investment portfolios. It’s not just that the S&P 500, up 11.9 percent, is having its best quarter since 2012. Everything is up, and I mean everything, including stocks and bonds. The … Read more