Progressives in the Democratic Party are a reckless bunch, but their latest scheme to steal more from you and give it to their voters is truly idiotic. There’s no nicer way to put it. Earlier this week, Senate Majority Leader Chuck Schumer paraded out the most liberal group in his party and demanded the President forgive up to the $50,000 in student loan debt. Apparently, Schumer and Sen. Liz Warren have studied the issue and believe the President has the authority to single-handedly cancel student loan debt. Who knew Warren and Schumer favored monarchy over democracy? They want King … [Read more...]
Senate Tees Up Antitrust Legislation to Take on Big Tech
Sen. Amy Klobuchar (D-MN) is preparing a push for new antitrust legislation to take on Big Tech. Some scrutiny of Big Tech is needed, and antitrust seems like one of the better alternatives, but the left's instinct could be to go too far. Klobuchar and the President should try to attract Republican support on what should be an easy bipartisan win. Ryan Tracy reports for The Wall Street Journal: Sen. Amy Klobuchar (D., Minn.), the incoming head of the Senate antitrust subcommittee, will propose broad changes to U.S. antitrust laws Thursday as the newly Democratic-led Congress begins to press … [Read more...]
Mark Cuban’s Best and Worst Investment Advice
In a Q&A session on Reddit, Mark Cuban provided what may be his best investment advice and his worst in the same session. Mark Cuban’s Worst Investment Advice Speaking of GameStop Cuban said, "If you can afford to hold the stock, you hold. I don’t own it, but that’s what I would do,” Cuban wrote. The billionaire investor added that he has no doubt there are funds and big players who have shorted GameStop again, thinking they are smarter than everyone on WallStreetBets." If your investment thesis is to squeeze shorts to drive the shares to a price that is so far removed from any … [Read more...]
This Is One of Tesla’s Largest Ever Safety Recalls
Tesla is about to undertake one of its largest-ever safety recalls. Rebecca Elliott reports for The Wall Street Journal: Tesla Inc. TSLA +4.77% is recalling roughly 135,000 Model S luxury sedans and Model X sport-utility vehicles over touch-screen failures, one of the electric-car maker’s largest-ever safety actions. The move comes after the National Highway Traffic Safety Administration requested a recall last month, saying the touch screen in some models can fail when a memory chip runs out of storage capacity, affecting functions such as defrosting, turn-signal functionality and driver … [Read more...]
The Highest Yielding Dow Stocks
For investors looking for high-yielding dividend stocks to buy, the highest dividend payers in the Dow Jones Industrial Average (DJIA) is a common starting point. Below is a list of the 10 highest yielding Dow stocks. Today, the average yield of the 10 highest-yielding Dow Jones Industrial Averages stocks is 4.00%. You can see their individual yields in the table below. Click the company name for more information on each stock. To view the entire list of Dow stocks ranked by yield, click here. Highest Yielding Dow Jones Industrial Average Stocks Company NameDividend … [Read more...]
The Highest Yielding S&P 500 Stocks
If you are on the hunt for yield, the top 10 highest-yielding S&P 500 stocks is a tempting place to look for new ideas. Compared to the less than 1.6% yield offered by investing in an S&P 500 index fund, the average yield of the highest 10 dividend-paying S&P 500 stocks is over 7.2%. The list below includes the 10 highest yielding S&P 500 stocks along with their indicated dividend yield. Click the company name for more information on each stock. Highest Yielding S&P 500 Stocks Company NameYieldOneok Inc. (OKE)8.61%Lumen Technologies (LUMN)8.08%Altria (MO)8.01%Iron … [Read more...]
Here’s Why Apple and Facebook Are Preparing for War
Tech giants Apple and Facebook are preparing for a war over access to customers. Facebook may sue Apple for daring to give its device users control over their privacy. Jon Swartz reports in MarketWatch: The conflagration centers on Apple’s AAPL, -2.91% new iOS 14 policy, due this spring. It includes new privacy features that will for the first time require apps to ask for users’ permission to track them around the web. Such a feature, Facebook FB, -1.76% claims, would severely limit online advertising and kill small businesses in the process. Tension between the companies has escalated for … [Read more...]
Retail Investors Go Unicorn Hunting
James Bianco explains the dramatically changing investing preferences of the public, writing: There is no one definitive measure to show this shift, but the signs are unmistakable. Trading in individual stock options has been booming to new records, according to data from the Options Clearing Corporation. This has been led by purchases of options to buy stocks in lots of 10 contracts or fewer. Nearly 15 per cent of all trades are for one contract. Penny stocks have recently caught the fancy of investors. In December 2020, they traded 1tn shares, according to data firm SentimenTrader. That … [Read more...]
The Bull Raids are Wreaking Havoc on Wall Street
This is a new dynamic. We’ve referenced GameStop (see here and here) and other stocks with high short interest being targets of message board traders before, but we haven’t seen coordinated action with this kind of an impact before. Instead of investing based on company fundamentals, traders in GameStop are trying to squeeze short investors. A short squeeze is when an investor who shorts a stock is forced to buy it back because the price has risen so much. In pre-market trading early this morning GameStop shares traded as high as $365. Ten days ago the stock was selling for $20. Short … [Read more...]
Capital Is Too Cheap
The global capital markets are booming. The FT reports that companies have raised $400 billion in debt and equity over the first three weeks of the year. That exceeds the average for this time of year by $170 billion. And it’s not just a debt boom that's being fueled by the global central banks robbing savers and retirees with ultra-low interest rates. Equity markets are white-hot as well. Speculative activity in the stock market has reached levels not seen since the height of the dot-com bubble. Stocks don’t often double, triple, and quadruple over the course of a few days or weeks for … [Read more...]
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