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Best Portfolio Management Apps of June 2023 Empower Costs Best For sophisticated, cost-sensitive investors who need portfolio management tools Costs Best For sophisticated, cost-sensitive investors who need portfolio management tools Why We Picked It Empower is a robo-advisor tailored to hands-off investors’ needs. The platform also offers free and well-regarded investment portfolio management tools. You
Read moreAccording to NextEarningsDate.com, the Adobe next earnings date is projected to be 6/15 after the close, with earnings estimates of $3.53/share on $4.78 Billion of revenue. Looking back, the recent Adobe earnings history looks like this: ADBEtickertech The company has an impressive long-term earnings per share chart: adbetickertech And with equally impressive revenue growth: adbetickertech But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details. And that volatility can
Read moreBrine is pumped into an evaporation pond at Albemarle Corp.’s Silver Peak lithium facility in … [+] Nevada. (AP Photo/John Locher)Copyright 2022 The Associated Press. All rights reserved. I like the stocks of companies whose top executives are buying their own shares. Lately, that includes Albemarle ALB , East West Bancorp EWBC and Matador Resources MTDR . Albemarle Lithium is a hot commodity because it’s used in electric vehicle batteries. A leading miner, processor and seller of lithium is Albemarle
Read moreGetty Images Electric utilities are not especially popular with bond investors these days. Consider the spread-versus-Treasurys on the ICE BofA U.S. Electric Utility Index. The spread is the amount of additional yield the market demands for owning corporate bonds rather than supposedly default-risk-free U.S. Treasurys. On June 2, 2023, the utilities’ spread was 146 basis points. (One basis point equals 1/100 of a percentage point.) On the same date, the spread on ICE BofA’s U.S. Industrial Index was 130 basis
Read moreChina Last NightKraneShares Week in Review Asian equities ended a relatively positive week on a high note as internet stocks rebounded following a slump earlier in the week on high short volumes and index rebalancing. Multiple China economic releases this week painted a mixed picture as the Caixin (private) manufacturing PMI outpaced the official measure as the latter indicated expansion while the former indicated contraction. EV sales data from multiple companies was released on Thursday with BYD seeing strong sales
Read moreBusiness man using calculator with computer laptopgetty There’s a faint but growing sucking sound permeating Wall Street. That is the sound of money being gradually sucked out of traditional investments like stocks and bonds and into money market funds. A money market fund is a type of mutual fund that invests in highly liquid instruments including cash, cash equivalent securities, and high-credit-quality debt with a short-term maturity (such as U.S. Treasuries). The amount of money stashed in money market funds
Read moreGetty Images Key takeaways There’s an agreement in principle in place between President Biden and Speaker McCarthy Neither Republicans or Democrats are happy – the deal needs to pass through the Congress and the Senate, so it’s not set in stone The markets are surprisingly blasé about the crisis, futures are all up on Tuesday morning The debt ceiling crisis is nearly over, but we’re not out of the woods yet. It wasn’t a restful long weekend for President Biden
Read morePeter Thiel (left) and Richard Li.Getty Images/Bloomberg MoneyHero Group, a personal finance comparison company based in the Asian financial hubs of Hong Kong and Singapore, is planning to go public in the U.S. by merging with a blank-check company backed by Hong Kong billionaire Richard Li and PayPal cofounder Peter Thiel. The deal with Nasdaq-listed Bridgetown Holdings values MoneyHero at about $200 million, including debt, the fintech firm said in a statement on Thursday. The combined company will have an
Read moreCrane picking up a car in a junkyard getty The stock market is coming off another sugar high, but REITs
Read moreWASHINGTON, DC – MAY 17: U.S. Speaker of the House Kevin McCarthy (R-CA) talks to reporters at the … [+]
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