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Warren Buffett Will Make an Extra $3B This Week Because That's What Happens When You're Warren Buffett
Capital Markets
Warren Buffett and Berkshire Hathaway will have a nice chunk of extra money to play with this week after Restaurant Brands International Inc., Burger King's parent company, is slated to redeem $3 billion in preferred shares on Tuesday, Bloomberg reports. Restaurant Brands used the money in its purchase of Tim Hortons back in 2014. The total purchase price was $11
Why Tax Reform Benefits Tech ETFs
Capital Markets
The Technology Select Sector SPDR (NYSE: XLK) and other technology exchange-traded funds have recently slumped. A big reason why is an obvious sector rotation out of technology into financial services and other groups seen as beneficiaries of the Trump Administration's tax reform effort. Investors shouldn't be hasty in dismissing XLK and other technology ETFs as viable tax reform plays. One
Young People Are Really Over Capitalism
Last summer, two authors asked Fast Company readers a simple question: “Are you ready to consider that capitalism is the real problem?” For millennials, the answer seems to be increasingly yes. “A lot of young people don’t believe in it anymore,” Ana Garcia, a college junior, told the Wall Street Journal in a recent article on the topic. “We don’t trust capitalism
Trump Says U.S. Could Increase Fines Against Wells Fargo
President Trump said in a tweet on Friday that the government may increase the penalties that Wells Fargo is facing over multiple banking scandals, confirming an earlier report from Reuters about the monetary punishment the San Francisco-based bank is facing. Reuters reported on Thursday that Mick Mulvaney, who is Trump's pick to lead the Consumer Financial Protection Bureau (CFPB), is
2017, the Acid Test for Active Bond Investing
Rick and Jacob examine why 2017 provides a seemingly unlikely source of evidence for the effectiveness of an active approach to fixed income. At first blush, late 2017 may seem to be a curious time to be writing about the advantages of active management in fixed income. For much of the past year, markets have felt incredibly quiet and there
A Trump Catalyst For Value ETFs
With just a few weeks left in 2017, the following sounds like a broken record: Value stocks and exchange-traded funds are laggards. The S&P 500 Value Index is trailing the S&P 500 by more than 600 basis points on a year-to-date basis as growth and momentum stocks drive the broader market higher. Successful implementation of President Donald Trump's tax reform
Will Tax Cuts (Finally) Reawaken Value?
Value stocks are cheap, relative to growth, but have lacked a catalyst to rally. Russ discusses why tax cuts could be that spark. If you squint really hard, you can almost see value stocks beginning to stir. Large cap U.S. value has nominally outperformed growth month-to-date. That said, value is still trailing its sexier cousin, growth, by roughly 1500 bps
Beyond Brick and Mortar: Walmart Changes Legal Name in Nod to E-Commerce
Maybe it was the fact that Warren Buffet's Berkshire Hathaway dumped $900 million of Walmart stock earlier this year, leaving it with almost no shares left in the megastore chain - and affirming Buffett’s growing pessimism about the retail industry in the face of Amazon's global dominance - but Walmart announced on Tuesday that it was changing its legal name that
I Melt With You: Anatomy of a Market Melt Up
Key Points Stocks continue to buck every variety of negative news. Melt ups don’t tend to end well, but so far the fundamentals remain supportive. Underneath the surface have been increasing rotations—a healthy occurrence, for now. Over the course of the past year, we have often listed a melt up as one of the “risks” the market faces. It’s been
Josh Brown: The 'Forgotten' Americans Are 'Forsaken' By Republicans' Tax Bill
It's become very clear that the Republicans' proposed tax reform bill - which has cleared all major hurdles on its way to being passed - is very unpopular with most Americans, who see it as a boon to corporations and the wealthiest citizens at the expense of the middle-class and lower-income populace. In fact, the legislation - which is also