Stocks Fall After Fed Data; Nvidia Tests Key Level While Tesla's Musk Faces Shareholder Vote
Stocks were mixed ahead of Fed data Wednesday. ASML sold off after earnings. Nvidia remained in a base.
I've been buying shares of Realty Income hand over fist this year.
Chipotle's growth has been driven by adding more restaurants and growing sales per restaurant, but there's a company growing even faster.
The Dow Jones rose and the Donald Trump stock soared on the stock market today. Cathie Wood bought a diving AI stock. Elon Musk spoke out.
The aggressive growth investor added to these three existing positions on Monday.
Dividend aristocrat 3M will soon join the commoners, after the company indicated it would cut its dividend following the spin off of its healthcare division. The materials manufacturer had increased its dividend payment every year for more than six decades, putting it in the rare class of companies with similar records. Roman declined to specify what the new amount would be, but said the dividend payout ratio will equal about 40% of 3M’s adjusted free cash flow.
So far this year, the stock markets are riding high, with both the S&P 500 and the NASDAQ standing just under their record levels. However, the picture may not be all roses and light. Covering the markets from B. Riley Wealth Management, chief investment strategist Paul Dietrich is predicting a mild recession in the US this year – but also an S&P decline of up to 44%. Dietrich is noted for advising his clients to move out of stocks ahead of recessions and market downturns in 2000 and 2007. Summi
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Wall Street's brightest, most successful billionaire money managers are ditching Nvidia in favor of two time-tested income stocks with yields of 6.6%!
There aren't many businesses that are higher quality than this one.
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