Author: starbpo

There’s a chance that this isn’t the best stock market move ever after an election, but we’ll talk more about that later. Author and founder of Citrini Research, James van Geelen, was one investor who was ready. From March to November 8, his Trump basket went up 87%, and a market-neutral Trump basket went up 32% during that time. In a chat with Jack Farley’s Monetary Matters Network, van Geelen said that his basket was different from some of its sell-side counterparts because he wasn’t limited by a bank’s study coverage. He also said that one of the things that…

Since Trump was elected to a second term as president, bank stocks have gone up a lot. But people who trade need to think about whether some stocks are priced too high. A screen of two U.S. bank averages shows 15 stocks that are still priced pretty low. There are many things that work in banks’ favor. Between 4.50% and 4.75% is now the level that the Federal Reserve wants the federal funds rate to be. This is 75 basis points less than what it was two months ago. Because funding costs are going down, many banks will be able…

Early Tuesday morning, Home Depot Inc.’s stock hit a new high. This was after the home improvement store beat all of its earnings expectations for the third quarter and raised its guidance. But the CEO of the company said that rising interest rates are making people less likely to do home improvements. The Atlanta-based Home Depot HD -0.70% had a net income of $3.6 billion, or $3.67 per share, for the quarter. This was less than the $3.8 billion, or $3.81 per share, it made during the same time last year. After one-time things were taken into account, earnings per…

On Monday, shares of MARA Holdings MARA 29.97% went through the roof after the cryptocurrency mining company said it was adding more capacity in Ohio in case the business grows even more. MARA, which used to be known as Marathon Digital, mines cryptocurrencies with a focus on the blockchain environment and making digital assets. On Monday afternoon, its shares price went up 23%, to about $23.77. Bitcoin, on the other hand, rose above $80,000 for the first time on Sunday and was above $84,000 early Monday morning, according to CoinDesk. As of last Tuesday, November 8, the stock price of…

Bitcoin hit an all-time high of around $85,000 on Monday. This was due to optimism that digital assets might be treated better by regulators now that Donald Trump won the U.S. election last week. According to Dow Jones Market Data, the price of the biggest cryptocurrency, BTCUSD 6.54%, reached an all-time high of $84,989 on Monday. At around $84,938 in the early afternoon on Monday, it was up 102% for the year. A lot of people in the business world think bitcoin will go even higher by the end of the year. Bitwise’s chief investment officer, Matt Hougan, said that…

Now is the time to honor our heroes. Monday, November 11, is Veterans Day. The American holiday was first called Armistice Day to honor the date and time, November 11, 1918, at 11 a.m., when the peace treaty that ended World War I was signed. On the first anniversary of the armistice in 1919, President Woodrow Wilson said, “The day will be filled with solemn pride in the heroism of those who died in the service of the country.” “Parades, public meetings, and a brief suspension of business beginning at 11 a.m.” was what the U.S. Department of Veterans Affairs…

In the healthcare space, Robert F. Kennedy Jr. is now on President-elect Donald Trump’s transition team. What should investors think about his possible impact? According to a note sent to investors on Friday by Raymond James analyst Chris Meekins, it’s likely with less worry than some people seem to be feeling. Kennedy is known to be against at least some vaccines. He also has other controversial views on health care, such as being against the new class of GLP-1 drugs used to treat diabetes and help people lose weight. As a member of what is likely the most famous family…

DETROIT — Up to 1.4 million Honda and Acura vehicles may have engines that fail, according to complaints being looked into by the US government’s highway safety agency. The National Highway Traffic Safety Administration’s investigation focuses on the Honda Pilot and Acura MDX models from 2016 to 2020, as well as the Odyssey and Acura TLX models from 2018 to 2020. The Honda Ridgeline from 2017 to 2019 is also covered. According to papers the government made public on its website on Monday, connecting rod bearing failure in cars with 3.5-liter V6 engines can result in total engine failure. The…

The amounts: A poll of consumers’ feelings reached its highest level in seven months right before the election of former President Donald Trump. People are becoming more optimistic about how the economy will do in 2025. It went up from 70.5 in October to 73.0 in November, according to a report released Friday by the University of Michigan. Since April, it was the best reading ever. The most surprising thing is that people are more optimistic about the economy in six months than they have been since the summer of 2021. The index showed at the end of last month…

DraftKings Inc. lowered its full-year outlook on Thursday after saying that it was making less money because its betting was losing money on games. Plus NFL games lost DraftKings DKNG 2.95% of its value. DraftKings CEO Jason Robins said, “NFL results early in the fourth quarter have dealt a $250 million hit to revenue and a $175 million hit to adjusted EBITDA.” During the fourth quarter, he said, the company saw “the most customer-friendly stretch of NFL events we have ever seen.” What does it mean for a result to be “customer-friendly”? To make real-time odds for sports games, sportsbooks…