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Why Shares in Copper Miner Freeport-McMoRan Soared Today
Shares in copper miner Freeport-McMoRan (NYSE: FCX) were up by more than 8% by early afternoon today. The results themselves brought few surprises; after all, investors can see where the price of copper is in the market and therefore ascertain the trend in Freeport's revenue. During the earnings call, CEO Richard Adkerson talked of the physical copper market being "strikingly tight globally right now" and customers "fighting" to get hold of products.
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Why Shares of SVB Financial Group Are Plunging Today
SVB Financial Group (NASDAQ: SIVB) tanked in early trading Friday after it reported its third-quarter earnings results. Shares of the company, the parent of Silicon Valley Bank, were down by 18.8% as of 10:48 a.m. ET. SVB reported earnings per common share of $7.21 on total revenue of nearly $1.56 billion, both numbers that missed analysts' consensus estimates.
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77% of Warren Buffett's $313 Billion Portfolio Is Invested in These 6 Stocks
Few high-profile money managers have a nose for making money quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. In the 57 years since taking the reins, the Oracle of Omaha, as he's come to be known, has led his company's Class A shares (BRK.A) to a jaw-dropping average annual return of 20.1%. The Oracle of Omaha believes diversification is "protection against ignorance."
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15 Best Ecommerce Stocks to Buy Now
In this article, we discuss 15 best ecommerce stocks to buy now. If you want to read about some more ecommerce stocks, go directly to 5 Best Ecommerce Stocks to Buy Now. The global ecommerce marketplace was one of the biggest winners of the coronavirus pandemic at the stock market. However, as the pandemic has […]
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Why Rivian, Ford, and Nio Stocks Popped Today
The share prices of a handful of automakers were rising today after a new Wall Street Journal report today indicated that some Federal Reserve officials may be wary of continued aggressive interest rate hikes. Investors across all sectors are keeping a close eye on what the Fed will do at its next meetings, which will be in November and December, and are hoping that the pace and size of rate increases will slow down. Additionally, Rivian's (NASDAQ: RIVN) stock is likely gaining today because the company said that it has completed repairs on most of its recently recalled vehicles.
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Fidelity's 45% Rule: Should You Really Use It As a Guide to Retirement Savings?
Financial services giant Fidelity has a rule for retirement savings you may have heard of: Have 10 times your annual salary saved for retirement by age 67. This oft-cited guideline can help you identify a retirement savings goal, but it … Continue reading → The post Should the 45% Rule Guide Your Retirement Strategy? appeared first on SmartAsset Blog.
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Here's Why I'm Buying Tesla Stock as It Crashes
In this video, I will go over the recent Tesla (NASDAQ: TSLA) Q3 earnings report and explain why I will be buying more shares. It seems the market still does not fully understand how a company like Tesla operates, which allows me as a long-term shareholder to accumulate more shares.
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Source: https://finance.yahoo.com/news/restaurant-workers-hate-order-items-195140530.html
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