Friday, April 19, 2024
It’s a puzzle that’s haunted Wall Street for a few years now: what the heck happened to value investing? Value investing was the strategy that long occupied the minds of Wall Street’s best stock-pickers. From Warren Buffett to Ben Graham to Peter Lynch, the focus was always on value investing. All prudent investors needed to […]
Before the pandemic, the U.S. was already on a path to becoming a cashless society. Each year, more and more Americans come to rely solely on credit cards or smartphones to make payments. But, there is always that one place: the small store that is “cash only,” the gas station that charges less if you […]
Last Sunday, TSLA CEO Elon Musk tweeted out the message, “Limited edition short shorts now available,” with a picture of red satin shorts. Ouch! This was classic Elon, and I mean that for good and for bad. The message was an obvious joke at the expense of Tesla “shorts,” meaning those who had bet against […]
If you want to own the “stay-at-home” stocks, but don’t want to own individual names, one way to get exposure to digital vs. in-person companies, is to own the Invesco QQQ Equity Index (QQQ). The QQQ mirrors the Nasdaq 100 Index, and is made up of the 100 largest non-financial stocks trading on the Nasdaq. […]
Baseball is back, with a deal for a 60-game season just announced. Professional golf is back. Nascar has been back for several weeks. Professional tennis, though off to a rocky start, is back. And, sports betting is back. Which means companies like DraftKings (DKNG), which runs an online sports betting platform, is back in business. […]
The Numbers For WDI Looked Great, but They Were Lies German digital payments company Wirecard (WDI), which processes payments for companies like Visa and Mastercard, has 6,000 employees in offices around the world. Last year, WDI had revenues of $2.2 billion—four times what they did in 2013. The company has been the toast of Wall […]
Boeing (BA) recently announced it would be putting its 737 Max production line back in business. The line has been closed since January of this year, and BA has not delivered a 737 Max since March 2019. While the plane has still not been approved for service by the FAA, BA anticipates a favorable ruling, […]
A Story Too Good to Be True Luckin Coffee (LK) had everything going for it. If there ever was the right company in the right place at the right time, this was it. Billed as the Starbucks of China, the coffee chain had grown at a blistering pace. It went from its founding to an […]
As the U.S.—and the world for that matter—begins the reopening process, every business is trying to figure out what the new way of doing business looks like. We already know what the white collar version of post-pandemic business has become. It’s Zoom (ZM) meetings, Docusign (DOCU) virtual document management, and Activision (ATVI) [gaming in between […]
In its latest earnings report, Nike (NKE) reported a 36% increase in digital sales. In a press release accompanying the earnings release, President and CEO John Donahoe said, “We know it’s in times like these that strong brands get even stronger.” I tend to agree with Mr. Donahoe. I’ve written about several new names that […]
