Warren Buffett, one of the most iconic and successful stock investors of all time, has received some criticism lately after a couple of Berkshire Hathaway Inc.’s (NYSE: BRK-A)(NYSE: BRK-B) largest holdings stumbled in 2014. There’s no question that Buffett has made some incredible stock picks in the past that have helped him become the world’s third-richest person, with a net worth of over $72 billion.
But, at age 83, is Buffett starting to lose his touch when it comes to picking stocks? Has a “new money” era left Buffett behind? Continue reading
Macau gaming stocks surged Monday after analysts at Union Gaming Research Macau suggested that now is the time for investors to start buying the stocks of battered Macau casino operators. With the stocks down an average of 50 percent in the last year, analysts believe that they have finally reached a bottom.
Shares of MGM Resorts International MGM 2.59%, Las Vegas Sands Corp. LVS 1.6%, Wynn Resorts, Limited WYNN 1.01% and Melco Crown Entertainment Ltd (ADR) MPEL 0.48% were all up more than 4 percent during Monday’s trading session. Continue reading
Magnum Hunter Resources Corp MHR 10.28% shareholders had an eventful week last week, to say the least. Shares of the independent oil and gas stock are down 77 percent over the past year and traded below $2.00 per share last week for the first time since the financial crisis. Here’s a recap of last week’s wild ride. Continue reading
In a recent report, Morgan Stanley analysts took an in-depth look at credit card giants American Express Company AXP 0.81% and Discover Financial Services DFS 1.26%. Analysts believe that both names offer excellent buying opportunities after their recent earnings sell-offs. Continue reading
In a recent report, Morgan Stanley analysts updated their outlooks for eight oil exploration and production stocks. Here’s what they had to say: Continue reading
With Apple Inc. AAPL 5.65% set to deliver earnings this week, now would be a good time to take a look back at the company’s most recent 10K filing for a few numbers that some investors might have overlooked. Continue reading
According to a new report by Oxfam America, the wealthiest one percent of the world’s population will control half of the world’s total wealth by 2016. The report included plenty of shocking statistics. Continue reading
Have you ever wondered what it would take to have your dog grooming business publicly traded on the New York Stock Exchange (NYSE)?
Maybe you made $2,500 babysitting your neighbors’ kids last year and started thinking to yourself, “I could be the CEO of Nasdaq-listed ‘Babysitting Inc’! Wouldn’t that look nice on a resume?”
If you’ve ever thought about taking a business public, here are some listing requirements you should consider prior to your IPO. Continue reading
After a disappointing earnings season for the “Big Four” American banks, calls for breaking up the massive companies have once again started to surface, and the stocks of JPMorgan Chase & Co. JPM 2.58%, Bank of America Corp BAC 2.75%, Citigroup Inc C 2.48% and Wells Fargo & Co WFC 1.53% are all down sharply on the year. Continue reading
The Washington Nationals signed former Cy Young Award-winning pitcher Max Scherzer to an astounding $210 million, seven-year contract last week. After a record-setting $50 million signing bonus is included, Scherzer’s contract is worth an average of $30 million per year. Incredibly, Scherzer’s new contract barely cracked the top 10 largest current sports contracts. Here’s a breakdown of some of the highest-paid athletes. Continue reading