Struggling healthcare real estate investment trust (REIT) Medical Properties Trust (NYSE: MPW) suffered yet another body blow on Wednesday. An analyst trimmed his price target on the stock, inspiring the market to sell out of it to the point where it lost more than 5% of its value. That was a notably steeper fall than […]
Cindy Ord/Getty Images Small cap stocks could soar as much as 60% in 2024 on compelling valuations, according to Fundstrat’s Tom Lee. Lee told CNBC on Tuesday that the valuation of small caps relative to the S&P 500 haven’t looked this appealing since 1999. “That was a launch point for 12 years of gains,” Lee […]
JPMorgan Chase CEO Jamie Dimon is done talking about Bitcoin—again. In a CNBC interview from Davos, a visibly amused Dimon declared he was swearing off opining about the crypto currency. When asked about the new Bitcoin ETF the Securities and Exchange Commission approved last week, Dimon interrupted CNBC host Andrew Ross Sorkin, also of The […]
Many people find themselves in a situation where they want to convert their 401(k) to a Roth IRA. This can be a smart move if you’re looking to withdraw your retirement funds tax-free when you retire. However, converting your 401(k) to a Roth IRA can come with a hefty tax bill. Although you can’t eliminate […]
The market is off to a tentative start in 2024. The momentum that picked up at the end of 2023 has worn off, and investors are waiting for more positive news before sending the market higher. That means there are still bargains out there, and many stocks are waiting to pop. Consider buying Roku (NASDAQ: […]
One of the most renowned investors of our generation, Renowned investor Warren Buffett, who has a net worth of over $110 billion, practices simple investing policies, claiming that the greatest investment moves are typically met with yawns. “If they told everybody what a simple game [investing] was, 90% of the income of the people that […]
As retirement approaches, many couples grapple with a crucial financial decision: when to start collecting Social Security benefits. Consider the hypothetical case of Jane and John, who are facing this dilemma. Don’t Miss: Meet Jane And John Jane is 58 years old, and her husband John is 64. They’ve worked hard throughout their lives and […]
The team at Capital Economics was among the most bullish we found on the outlook for stocks in 2024. The firm sees the benchmark S&P 500 rising to 5,500 by the end of this year, and adding another 1,000 points — roughly 18% — through the end of 2025, hitting 6,500 in a little under […]
The CEO of a top financial services firm is sounding the alarm over a “very ugly” real estate market in the next two years. Speaking to FOX Business host Maria Bartiromo at the World Economic Forum in Davos, Switzerland, Cantor Fitzgerald CEO Howard Lutnick said a “generational” shift was on the horizon, warning of a massive […]
(Reuters) – Pipeline and terminal operator Kinder Morgan on Wednesday posted a lower-than-expected profit for the fourth quarter, as higher interest expenses and weakness in the natural gas pipeline segment hurt margins during the period. The company posted an adjusted profit of 28 cents per share for the quarter ended Dec. 31, compared with analysts’ […]
It was another rough day for Plug Power (NASDAQ: PLUG) on Wednesday as the market turned south and investors sold off both higher-risk assets and energy stocks. Shares fell as much as 13.5% and were down 13.2% at 3:30 p.m. ET. Plug Power is unraveling Plug Power is down 84% in the past year, and […]
Income thresholds in the U.S. for the top 10%, 5% and 1% of earners in 2023 reveal a surprising reality. Entering these high-earning brackets may be more achievable than many assume based on data from an Economic Policy Institute 2021 study. Don’t Miss: The Top 10% Bracket: A Closer Reach Than Expected Often perceived as […]
