This week, the S&P 500 broke out to its highest level in nearly a year. With stocks once again near all-time highs, dividend stocks General Motors (GM), Valero Energy (VLO) and LyondellBasell (LYB) all still provide both major value and huge dividends.
If you dial back the clock a year or so prior to every corporate bankruptcy, there is almost always some radical turnaround plan that didn’t work. However, Macy’s (M), Microsoft (MSFT) and CONSOL Energy (CNX)’s turnaround efforts might end up paying off handsomely for shareholders in the long run.
The old Wall Street adage “sell in May and go away” didn’t simply come about because it rhymed. The summer months are typically weak for stocks.
The man who claims to be the inventor of bitcoin is reportedly attempting to secure his intellectual property via a host of new patent filings. Australian Craig Wright, who claims to be bitcoin founder “Satoshi Nakamoto,” has now filed at least 50 patent applications via Britain’s EITC Holdings Ltd.
LeBron James just reclaimed his throne atop the NBA by defeating Steph Curry and the Golden State Warriors in a dramatic NBA Finals. He also delivered the city of Cleveland its first championship season in more than 50 years.
Bank traders may no longer get on the edge of their seats ahead of the annual CCAR results, but in a very weak 2016, banks could use any bit of good news they can find. According to Buckingham analyst James Mitchell, a bit of good news is exactly what the market should expect.
Most Tesla Motors Inc TSLA 0.04% shareholders and enthusiasts typically focus on the company’s revolutionary electric cars as the centerpiece of its business. However, Tesla’s battery technology and its massive GigaFactory could end up being major profit drivers in the future.
Six Flags Entertainment Corp SIX 1.09% is planning on opening a new theme park in Saudi Arabia. According to CEO John Duffey, Saudi Arabia and Six Flax have agreed to a partnership, but few details have been ironed out.
Lipocine Inc LPCN 2.2%’s LPCN-1021’s PDUFA date is coming up on June 28. Given the major potential near-term catalyst, Slingshot Insights recently conducted an expert conference call with a professor, researcher and a clinical director from the Department of Medicine at Johns Hopkins University on June 9 to allow investors the chance to ask questions…
Battered Atlantic City casino operators could have another major headache on the way in less than two weeks. Casino workers at four of the city’s remaining casino resorts have set July 1 as a negotiation deadline or they will go on strike.