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Wall Street Thinks These 3 Buffett Stock Picks Have Up to 21% Upside
24/7 Wall Street· 2024-05-15 13:45
Wall Street Thinks These 3 Buffett Stock Picks Have Up to 21% Upside Mark Wilson / Getty Images Is anyone surprised that when Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) part with shares of Apple Inc. (NASDAQ: AAPL), the largest stake in the Berkshire portfolio, it makes headlines? The so-called Oracle of Omaha is probably the best-known investor in the world, certainly one of the most successful. Millions of investors and aspiring investors still hang on his every word. So, is it time to dum ...
5 Absolutely Best Dividend Stocks Yielding Over 12%
24/7 Wall Street· 2024-05-15 12:11
5 Absolutely Best Dividend Stocks Yielding Over 12% Andrey Maximenko / iStock via Getty Images Investors love dividend stocks, especially the ultra-yield variety because they provide a significant income stream and offer massive total returns. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the total return on an investment or a portfolio consists of income and stock appreciation.Most dividend investors seek solid passive income streams of qu ...
Disney Stock Is Tanking
24/7 Wall Street· 2024-05-14 12:00
Disney Stock Is Tanking Bastiaan Slabbers / iStock Unreleased via Getty Images The Walt Disney Company (NYSE: DIS) faced challenges with its recent earnings report, causing its stock to drop significantly. Despite Disney Plus showing improved financials, the decline was attributed to concerns about theme park attendance tapering off post-COVID and rising ticket prices. Additionally, the company’s movie lineup received criticism for lacking originality and failing to resonate with audiences.Transcript:The ...
There Is Blood In Boeing's Streets, Is Buffett Buying
24/7 Wall Street· 2024-05-14 11:00
Group 1 - Boeing is currently facing significant challenges, including issues with aircraft safety and rocket systems, leading to a decline in investor and public confidence [1][2] - The suggestion is made for Warren Buffett to invest in Boeing, as his involvement could restore confidence and stabilize the stock price [1][2] - Historical context is provided, noting that Buffett's investments have previously helped stabilize companies with poor reputations, such as Oxy and Goldman Sachs during the financial crisis [2] Group 2 - The article highlights past incidents, including the crashes of the 737 MAX that resulted in 367 fatalities, which have contributed to ongoing reputational damage for Boeing [2] - There are ongoing concerns about safety checks and parts falling off during flights, further eroding public trust in Boeing's products [2] - Buffett's investment strategy is characterized by seeking opportunities in distressed companies, suggesting that Boeing could be a suitable long-term investment for him [2]
No Sign of a Starbucks Recovery
24/7 Wall Street· 2024-05-14 10:50
No Sign of a Starbucks Recovery Christopher Furlong / Getty Images News via Getty Images After a nose dive in Starbucks Corp. (NASDAQ: SBUX) stock, which has taken it down 28% in the past year to $76 a share, there has been no bounce, which sometimes happens after a sell-off. Perhaps because of deep problems, investors are eager to see the earnings for the current quarter.What problems can Starbucks management overcome? Probably not the dispute between recently retired CEO Howard Schultz and current CEO L ...
Is Walmart in Trouble?
24/7 Wall Street· 2024-05-14 10:40
Is Walmart in Trouble? walmartcorporate / Flickr According to several media reports, Walmart Inc. (NYSE: WMT) is laying off workers. Most appear to work in offices, and the count is in the hundreds. Some people working remotely must return to the office or be fired. However, one media account mentioned Walmart’s plans to have 65% of its stores operating with some level of automation within less than two years. If the downsizing has not happened in this round of layoffs, it likely will soon.Walmart remains ...
Why Amazon Is Up 25% This Year
24/7 Wall Street· 2024-05-13 11:10
Core Insights - Amazon.com Inc. has seen a 25% increase in stock price in 2024, outperforming the S&P 500's 10% rise and other tech giants like Microsoft and Alphabet [1] - The company's success is attributed to its strong position in e-commerce and cloud computing, particularly through Amazon Web Services (AWS) [1] E-commerce Performance - Amazon remains the largest e-commerce company globally, with no significant competitors emerging to challenge its dominance [1] - The decline of brick-and-mortar retail further solidifies Amazon's leading position in the market [1] Cloud Computing and AI - AWS reported a revenue of $25 billion, reflecting a 17% year-over-year increase, with an operating profit of $9.4 billion, up 84%, and an operating margin of 38% [1] - Although Amazon's AI capabilities are considered moderate, management anticipates significant contributions from generative AI in the coming years [1]
Chinese Car Tariffs Could Help Troubled Ford
24/7 Wall Street· 2024-05-13 10:45
Chinese Car Tariffs Could Help Troubled Ford jeepersmedia / Flickr Ford Motor Co. (NYSE: F) recently named the chief financial officer of one of the most troubled electric vehicle (EV) companies in the country, Lucid Group Inc. (NASDAQ: LCID), as its new CFO. A new tariff on Chinese EVs will not save Lucid, which Sherry House was wise to leave because it is too small to survive a troubled EV industry. However, it could save troubled Ford.Elon Musk recently commented about the Chinese industry, “If there a ...
Apple's Ludicrously Fast Launch Is A Ludicrous Flop
24/7 Wall Street· 2024-05-12 15:55
TRANSCRIPT: Apple released its new iPad.It hasn’t had a new one in, I think, three years.And they came out, Tim Cook, the CEO of Apple, said it was the greatest piece of hardware in the history of the universe.New M4 chip, ludicrously fast.And the reaction was… Nothing burger.I don’t think that anybody cares anymore.And I don’t know if it’s because the iPad is somewhat dropped as a favorite tool or that, you know, people just don’t want to have to have an iPad and an iPhone and an iWatch and everything else ...
Notable Insider Buying at Disney and More This Week
24/7 Wall Street· 2024-05-12 13:15
Core Insights - Insider buying activity has been notable in various companies, indicating potential confidence in stock price increases despite market uncertainties [3][21] - The article highlights specific companies where insiders have made significant purchases, providing insights into their financial performance and stock outlooks [5][7][9][11][14][16][19] Company Summaries - **Vestis Corp.**: Insiders purchased almost 3.6 million shares at prices ranging from $9.21 to $10.66, totaling over $35.6 million. The stock is down about 50% year-to-date but analysts recommend buying [5] - **Sensata Technologies**: A director bought over 268,300 shares at $38.98 to $40.31, costing more than $10.6 million. The stock is up over 15% year-to-date, with a consensus price target of $47.27 indicating an 11% upside [7] - **EyePoint Pharmaceuticals**: A 10% owner acquired 850,000 shares at $11.08 to $12.95, totaling nearly $10.1 million. Despite a 45% decline year-to-date, analysts expect a price target of $40.11, suggesting a 237% potential gain [9] - **Aon PLC**: A director purchased 10,000 shares at $275.34 to $277.67 for over $2.7 million. The stock is down 13% year-over-year, but analysts have a consensus target of $327.36, indicating a potential gain of over 13% [11] - **RXO Inc.**: A 10% owner bought over 135,400 shares at $20.07 to $20.40, costing over $2.7 million. The stock is down about 11% year-to-date, with analysts maintaining a cautious outlook [14] - **Macerich Co.**: Executives, including the CEO, purchased less than 158,400 shares at $14.26 to $16.06, totaling almost $2.3 million. The stock is about 10% lower than three months ago, with analysts showing limited upside [16] - **Walt Disney Co.**: A director bought 20,000 shares at $105.98 to $106.07 for around $2.1 million. The stock is up over 17% year-to-date, with a consensus price target of $116.37, suggesting a 9.9% potential gain [19] Additional Insider Buying - Other companies with reported insider buying include American Homes 4 Rent, Blackstone, Caesars Entertainment, Caterpillar, and more, indicating a broader trend of insider confidence across various sectors [21]