Block (NYSE:SQ), the payment processor formally known as Square, is down 7% on the year while shares in other payment processors, like Visa (NYSE:V), are up. Most of the damage was done by a March 24 report from short seller Hindenburg Research. The report claimed 40%-75% of Block’s users were fake, involved in fraud, or …
Continue reading “Block Stock Blues: Why I Won’t Be Buying the SQ Dip”
Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. OMAHA, Neb. — Warren Buffett said Saturday that Berkshire Hathaway doesn’t plan on taking full control of Occidental Petroleum, an oil giant where it has amassed a stake north of 20%. “There’s speculation about us buying control, we’re not going to buy control,” the ‘Oracle of …
Check out the companies making headlines before the bell: Meta Platforms – Shares jumped 12% after the Facebook parent surpassed Wall Street’s expectations on the top and bottom lines and issued optimistic guidance. Meta Platforms posted its first sales increase in about a year. Teladoc Health – The telemedicine company saw its stock soar more …
Cannabis stocks rose Friday in their second day of big gains. The U.S. Senate committee on banking, housing and urban affairs has scheduled a hearing entitled, “Examining Cannabis Banking Challenges of Small Businesses and Workers” on Thursday at 9:45 a.m. in the Dirksen Senate Office Building, according to an announcement. The hearing comes after lawmakers …
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Few may be looking to increase their exposure to real estate investment trusts, or REITs, in today’s economic environment. Yet even as the Federal Reserve suggests that interest rate cuts will not happen this year, and economic growth continues to slow, now may actually be a perfect time to search for REITs with high returns. …
Continue reading “7 REITs With Huge Return Potential for Long-Term Investors”
There’s no denying that electric vehicle battery technology company QuantumScape (NYSE:QS) is an early mover in a high-conviction niche industry. QS stock investors have every right to be excited about QuantumScape’s advancements in developing solid-state lithium batteries. QuantumScape’s path to product commercialization doesn’t seem to have any end in sight. Financial traders should remain cautious for …
Continue reading “QS Stock: 2 Red Flags That Spell Disaster for Investors”
Western Digital Corp. WDC said Friday a recent hack of its systems contained personal customer information, and that those affected have been alerted. Western Digital said it discovered unauthorized access “to a number of the company’s systems,” on March 26, and on April 2 disclosed the incident, disconnected its systems from the public internet and …
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Investing in the stock market to derive a stable income in the form of dividends can be a complex task, with a myriad of options to choose from. The article explores the top three dividend companies worth considering for investors seeking stability and sustainability in their dividends. With decades-long track records of consecutive dividend growth, …
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