A US Senator Just Sold This Banking Stock Dan Totilca / iStock Editorial via Getty Images In mid-April, Texas Senator Ted Cruz sold shares of Wall Street bank Goldman Sachs (NYSE: GS) when the stock was trading at $400 per share. The sale was not chump change and appears to have amounted to $375,000 but not more than $500,000, according to Capital Trades. It also represents one of only a couple of trades seemingly made by Senator Cruz.While the reason for the sale is unclear, the Senator’s timing suggests ...

It's Time, Apple Has Rolled Over Angela Kotsell / Shutterstock.com 24/7 Wall St. analysts Doug McIntyre and Lee Jackson discuss Warren Buffett’s potential influence on Apple’s management, particularly in driving innovation beyond the current product line. Despite traditionally avoiding tech investments, Buffett’s engagement could push Apple (Nasdaq: AAPL) towards significant advancements in AI, aligning with Wall Street’s expectations.Transcript:Now, Warren Buffett is not usually viewed as an activist inv ...

Ken Griffin's Hedge Fund Continues Its Win Streak With These 3 Stocks Larry Busacca / Getty Images With roughly $60 billion in assets under management, Citadel is a giant among hedge funds. The Miami-based firm, headed by Ken Griffin, delivered $25 billion in profits over the past six years, including $7 billion in 2023 when other hedge fund traders were grappling with high rates.Citadel is infamous in retail investor circles for its role in the GameStop (NYSE: GME) short squeeze of 2021. That’s when it s ...

Buffett Is Trapped, Plain and Simple Alex Wong / Getty Images News via Getty Images In this discussion, Doug McIntyre, editor-in-chief of 24-7 Wall Street, speaks with Lee Jackson about Warren Buffett’s large investment in Apple (Nasdaq: AAPL) and whether Buffett is now “trapped” by this investment. They explore the implications of Buffett’s potential actions on Apple’s stock and the challenges of selling a significant stake without affecting the market.Transcript:Going back to Buffett for a second, I’ve ...

Apple Shares Reach Danger Zone 2022 Getty Images / Getty Images News via Getty Images Megatech companies Alphabet (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) posted impressive earnings, which drove both stocks higher. So far this year, Alphabet shares have risen 24%, and Microsoft’s shares have risen 8%. Apple’s (NASDAQ: AAPL) shares have fallen 12%. Poor earnings will almost certainly accelerate the sell-off. The same could happen if major investor Warren Buffett sells shares.Apple needs to prove two thi ...

Core Viewpoint - Franklin Resources, Inc. is recognized for its strong dividend yield of 4.88% and has a long-standing reputation for prudent investment practices, appealing to passive income investors [12]. Company Overview - Franklin Resources, Inc. operates as a holding company for the Franklin Templeton family of mutual funds, offering over 450 funds that cover a wide range of investment opportunities [1][4]. - Founded in 1947 by Rubert Johnson, the company emphasizes the principles of "frugality and prudence" inspired by Benjamin Franklin [4]. Growth and Expansion - The company has experienced significant growth, managing $2.5 million in 1957 and expanding to over $40 billion AUM by 1989 through acquisitions and strategic moves [6]. - Recent acquisitions, including Legg Mason, have increased Franklin's AUM to $1.6 trillion as of March 2024, positioning the firm in private investing and alternative markets [8]. Financial Performance - Analysts have noted a focus on growth that has impacted profit margins negatively in recent quarters, yet some view the current stock price pullback as a buying opportunity [10]. - The consensus price target among 12 Wall Street analysts is $27.71, indicating a potential upside of 10% from the current market price [10]. Dividend History - Franklin Resources has maintained a consistent dividend payout since 1995, reinforcing its commitment to shareholder returns and its investment philosophy [12].

Alphabet Joins $2 Trillion Club Drew Angerer / Getty Images News via Getty Images Alphabet Inc. (NASDAQ: GOOGL), helped by strong earnings, will pass the $2 trillion market cap at the opening of trading. The only companies ahead of it are Microsoft Corp. (NASDAQ: MSFT) ($2.97 trillion), Apple Inc. (NASDAQ: AAPL) ($2.62 trillion), and Nvidia Corp. (NASDAQ: NVDA) ($2.06 trillion).Alphabet earned its spot the hard way. It continued to drive its key online marketing business, even though cloud computing and A ...

If Buffett Does This, Apple Gets Wrecked Scott Olson / Getty Images In today’s episode of the 24/7 Wall St. podcast Doug McIntyre and Lee Jackson discuss what would happen to shares of Apple (Nasdaq:AAPL) if their largest shareholder, Warren Buffett, starts to trim his stake. Because of how much The Oracle of Omaha owns, even minor sales could spook Wall St. and send shares careening lower.Transcript: So another piece of bad news for Apple, there was one study about four weeks ago that showed iPhone sales ...

This Is How Much Chipotle Stock Is Up Since Its Worst Era Ever marcnorman / iStock Editorial via Getty Images On what is a decidedly down day in the markets, Chipotle (NYSE: CMG) stock managed to buck the negative trend. Despite losses in the Dow Jones Industrial Average, Nasdaq and S&P 500, shares of the fast-casual retailer soared nearly 7% on the day to above the $3,000 level. Investors rewarded CMG for raising its full-year guidance owing to rising foot traffic that continues to blow away the competit ...

Is Tesla a Software Company? Justin Sullivan / Getty Images News via Getty Images Despite a 35% drop in Tesla Inc. (NASDAQ: TSLA) stock this year, the company’s market cap is $517 billion. Ford Motor Co. (NYSE: F), which recently announced earnings that topped most Wall Street expectations, has a market cap of $51 billion. Tesla’s earnings were a huge disappointment. They were also a sign that its sales are in trouble in the United States and China, the world’s largest car market. Why the difference in va ...