Scandal-plagued Goldman Sachs has sunk deep into a bear market. Losses accelerated this month following allegations of financial misdeeds regarding the Malaysian government investment fund 1MDB. Regulatory uncertainty surrounding the scandal prompted Morgan Stanley to downgrade its rating to equal weight. Its stock has dropped 14 percent in November, putting it on track for its
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“It’s hard to find fault with the climate in the Algarve,” said Tricia Pimental, Portugal correspondent for International Living. “You can count on sun most of the time.” During the “rainy season” of October through April, it’s still sunny around two-thirds of the time. “December is the wettest month, during which you can expect about
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Shoppers, beware: Scammers want in on your holiday spending budget. Consumers are expected to spend about 4.3 percent to 4.8 percent more this holiday season than last year, up to $720.89 billion total, according to the National Retail Federation. That’s an attractive target for thieves. “People need to be more aware this time of year,”
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The stock market has been declining sharply for the past two months. Markets headed into October on a high note, but they have been ugly ever since, as investors have expressed worries about slowing growth, rising interest rates, and escalating trade tensions. However, Tesla (NASDAQ:TSLA) stock has demonstrated surprising and impressive resiliency during this selloff. Bucking
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Editor’s note: Below, you’ll find the second installment of Louis Navellier’s series on how he discovered one of the world’s most powerful short-term trading strategies. In yesterday’s essay, I explained how my growth stock evaluation system works. Companies with world-class earnings growth, superior profit margins and huge revenue growth receive “A” grades. Companies with terrible fundamentals receive
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Editor’s note: Below, you’ll find the third installment of Louis Navellier’s series on how he discovered one of the world’s most powerful short-term trading strategies. Yesterday, we covered the importance of owning stocks with world-class fundamentals … things like earnings growth and profit margins. In addition to rating stocks based on critical fundamental data, we have developed
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The stock market correction that started in October and has continued in November will encourage investors to buy more conservative stocks. Since the biotechnology index is leading the market’s decline, buying established drug stocks should pay off when the markets eventually rebound. Already, the iShares Nasdaq Biotechnology ETF (NASDAQ: IBB) has dropped 17% from its yearly
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Amazon (NASDAQ:AMZN) has been one of the more impressive stocks of the past 25 years. In fact, AMZN now has returned well over 100,000% from its initial public offering (IPO) price of $18 ($1.50 adjusted for the company’s subsequent stock splits). A large part of the returns has come from two factors. First, Amazon has vastly
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October saw hedge funds notch their worst collective monthly performance since January 2016, according to Preqin a research firm on the industry. Hedge funds lost 2.35 percent on average in October, according to Preqin’s index, while investors withdrew $4.6 billion of hedge fund capital in the third quarter of this year. The hedge fund industry’s
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After rising steadily over the last three years, Nvidia (NASDAQ:NVDA) stock fell sharply in early October. As a result, all of the gains that Nvidia stock generated since June 2017 have disappeared. Now, investors need to know whether they have a great stock that went on sale or if they’re looking at a falling knife.
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