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Insider Buying: Taking a Controlling Stake in a Struggling Retailer?
24/7 Wall Street· 2024-02-18 16:20
Insider Buying: Taking a Controlling Stake in a Struggling Retailer? Spencer Platt / Getty Images The biggest insider trading news of the week may have been Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos shedding over $4 billion worth of the company’s shares as he reportedly prepares to move to Florida to take advantage of the better income tax environment. When it comes to insider buying, notably a beneficial owner stepped up and took a controlling stake in a struggling retailer. Also, public offering ...
Nike (NKE) Stock Price Prediction in 2030: Bull, Base and Bear Forecasts
24/7 Wall Street· 2024-02-18 14:50
Nike (NKE) Stock Price Prediction in 2030: Bull, Base and Bear Forecasts Wikimedia Commons Nike Inc. (NYSE: NKE), the colossus of the athletic apparel and footwear industry, marries the world of sports with the financial markets, embodying resilience, innovation, and a pervasive global influence. With its foundation deeply rooted in the essence of competitive sports such as basketball, soccer, and tennis, Nike has not only outfitted athletes across the globe but also served as a beacon of inspiration for ...
Want $2000 in Passive Income? Invest $2500 in These 6 BDCs
24/7 Wall Street· 2024-02-18 14:30
Core Viewpoint - The article emphasizes the potential of generating passive income through investments in business development companies (BDCs) that offer substantial dividends, highlighting six specific BDC stocks that can collectively yield over $2,000 annually from a $15,000 investment [2][21]. Summary by Company - **Barings BDC Inc. (NYSE: BBDC)** - Investment of $2,500 yields an annual passive income of $295.00 with a dividend yield of 11.8% - Focuses on private middle-market companies across various industries including manufacturing, technology, and consumer services [4]. - **BlackRock TCP Capital Corp. (NASDAQ: TCPC)** - Investment of $2,500 yields an annual passive income of $385.00 with a dividend yield of 15.4% - Invests in diverse sectors such as communication services, healthcare, and biotechnology [7]. - **Fidus Investment Corp. (NASDAQ: FDUS)** - Investment of $2,500 yields an annual passive income of $385.00 with a dividend yield of 15.4% - Specializes in sectors like aerospace, healthcare, and IT services, with a consistent increase in dividends since September 2022 [10]. - **Runway Growth Finance Corp. (NASDAQ: RWAY)** - Investment of $2,500 yields an annual passive income of $335.00 with a dividend yield of 13.4% - Primarily invests in technology and life sciences sectors, maintaining dividends since its IPO in 2021 [13]. - **Saratoga Investment Corp. (NYSE: SAR)** - Investment of $2,500 yields an annual passive income of $312.50 with a dividend yield of 12.5% - Focuses on leveraged buyouts and growth financings across various industries, with dividends increasing since summer 2022 [16]. - **Trinity Capital Inc. (NASDAQ: TRIN)** - Investment of $2,500 yields an annual passive income of $360.00 with a dividend yield of 13.4% - Specializes in venture debt for growth-stage companies and has seen variable dividends since its IPO [19]. Total Investment Summary - A total investment of $15,000 across these six BDC stocks can generate an annual passive income of $2,072.50 [22].
# Dividend Stocks Charlie Munger Would Have Loved
24/7 Wall Street· 2024-02-18 13:10
# Dividend Stocks Charlie Munger Would Have Loved Wikimedia Commons In the high-stakes world of investing, the late great Charlie Munger’s playbook stands out for its focus on fundamental strength and long-term value—principles that have cemented his legacy alongside Warren Buffett at the helm of Berkshire Hathaway Inc. (NYSE: BRK-A). Munger’s strategy zeroes in on dividend-paying titans that have strong fundamentals, durable competitive advantages and capable management. These companies are characterized ...
These Are The Best Dividend Stocks, According to Wall Street
24/7 Wall Street· 2024-02-17 15:50
These Are The Best Dividend Stocks, According to Wall Street relif / Getty Images There is a maxim on Wall Street that essentially says, “20% of investors who want to make money are in stocks, while the 80% who want to keep their money are in bonds.” This was a broad, wide-brush description that attempted to summarize why the fixed-income market is so much larger than the equities market.However, diversification is a fundamental principle that many investment advisors stress as a risk mitigation strategy. ...
5 Stocks With Double-Digit Yields To Buy Before It's Too Late
24/7 Wall Street· 2024-02-17 14:10
5 Stocks With Double-Digit Yields To Buy Before It's Too Late relif / Getty Images Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total return expectations.A recent study from the Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the past ha ...
Apple May Not Break $199 Again
24/7 Wall Street· 2024-02-17 12:36
Apple May Not Break $199 Again Mario Tama / Getty Images News via Getty Images Apple’s (NASDAQ: AAPL) share price hit $199.62 on December 11 last year. The price started relentlessly from $59 in November 2019. It was easy money for people who bought the stock then or as it rose over the four years—those easy money days started to end late last summer. It may be a coincidence, but the iPhone 15 was launched on September 12, 2023. Since then, anxiety about its success, particularly in China, has weighed on ...
CEO Slashes Napco Security Technologies Stake
24/7 Wall Street· 2024-02-14 13:10
Core Insights - The CEO of Napco Security Technologies, Richard Soloway, has significantly reduced his stake in the company, selling over 3.5 million shares, which is nearly 49.14% of his holdings [6][4]. - Despite the CEO's sell-off, the company's stock has shown resilience, recovering from a rough patch and reaching an all-time high above $46 per share [6][4]. Company Overview - Napco Security Technologies develops, manufactures, and sells electronic security products, including access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems [3]. - The company serves various sectors, including commercial, residential, institutional, industrial, and governmental applications, and markets its products through independent distributors and dealers [3]. - Founded in 1969 and headquartered in Amityville, New York, Napco Security has a market capitalization of over $1.6 billion and reported revenues of nearly $172.2 million [3]. Stock Performance - The stock price has increased approximately 42% over the past year, outperforming the S&P 500, which is up around 22% in the same period [3]. - Year-to-date, the shares have risen more than 31% [3]. Insider Trading Activity - Soloway's current ownership stands at nearly 3.7 million shares, valued at over $127.6 million, reflecting a reduction of almost 40% in value from his previous stake [6]. - The CFO, Kevin Buchel, holds about 0.3% of shares outstanding, worth nearly $4.1 million, indicating some level of insider investment remains [6].
Can Tesla Come Back?
24/7 Wall Street· 2024-02-14 12:00
Can Tesla Come Back? Brandon Bell / Getty Images News via Getty Images Through February 5, Tesla Inc. (NASDAQ: TSLA) was the worst-performing S&P 500 stock for the year to date. Its position has improved slightly since then. The share price remains down 25% for the year, which compares to an S&P 500 increase of just under 4% in that time. What would it take to turn Tesla stock around? Certainly, it would take better financial results and a bigger market share in America and China, which is the world’s lar ...
Stock Market Price Prediction in 2030: Bull, Base and Bear Forecasts
24/7 Wall Street· 2024-02-13 18:50
Stock Market Price Prediction in 2030: Bull, Base and Bear Forecasts monsitj / iStock via Getty Images While 2030 may seem distant, it’s only a few short years away for investors. The potential trajectory of the stock market is always a bit up in the air. No one would need articles like this if anyone could accurately predict stock market prices.However, there are still plenty of expert opinions to consider when determining whether now is a good time to invest in the stock market. We’ll explore historical ...