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Facebook (FB) was off to a good start in 2019 even before it reported Q4 earnings last week and then jumped over 10% after beating expectations on revenues, earnings and monthly active users. Tony Mitchell, one of my managers, first bought Facebook at $16. At today's price of $169, Tony is still not selling because he sees more upside. Although Facebook is now up 22% year to date, it is still 24% off of its 52-week high of $218.62. ...
A strong January has lifted many stocks that are riding the market's coattails. Since there are significant market risks, I have been looking for companies that have such strong fundamentals that they can move up even in a down market. Wayne Himelsein, one of my managers, says PayPal fits the bill - "The market has an amazing way of carrying all its constituents along with it. And for good reason. Good broad economic news trickles through ...
Investors should remain cautious; longer-term interest rates have refused to rise in the face of rising stock prices. more...
It seems that even though U.S. consumers look healthy, the market is getting hit by fears of weakness in Asia. More soft data from China today, along with company outlooks that show an impact from slower Chinese growth, are hurting stocks. more...
When will bitcoin markets break free of their current malaise? A measure of bitcoin volatility reached a more-than two-month low today, offering the latest evidence of the digital currency's malaise. The cryptocurrency's rolling 14-day volatility declined to a reading of 40, its lowest since mid-November, according to data provided by ...
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