The Wall Street Journal reports (emphasis added): Over the two years ending September 2010, Americans withdrew a net $311 billion — or about 1.4% of their disposable income — from their savings and investment accounts, according to the Federal Reserve. That’s a sharp divergence from the previous 57 years, during […]
Here’s a great new Whiteboard from Marketplace’s Paddy Hirsch, illustrating the danger of a double dip recession and where we now stand in the process: Double-dip recession from Marketplace on Vimeo.
Intuitive Surgical (NASDAQ: ISRG) announced its fourth quarter 2010 financial results Friday and the price of its shares shot up. It reported a 21 percent gain in revenues over the same quarter of 2009 and mentioned that this gain was largely driven by the increasing popularity of its robotic surgical […]
*See important disclosures In the Flexible Value Covestor model, manager Walter Lu uses a deep value investing approach that focuses on arbitrage opportunities and special situations. In his latest investment report for the model, Lu says, In August, I believed that the market was overreacting to the bleak economic outlook […]
*See important disclosures. Last week, BSG&L Growth added to their Pimco High Income Fund (PHK) position, which is the top holding in their Growth Plus Income Covestor model. The main objective for the PHK fund is to create a current income and the secondary objective is to appreciate capital. The […]
Shares of online auction site eBay (NASDAQ: EBAY) jumped today after its quarter four 2010 financial results were released. The company reported a 5 percent increase in revenues year-over-year and a 10 percent increase when excluding Skype’s financial results. At $2.5 billion, EBAY’s actual revenues beat the average estimate of […]
Goldman Sachs’ partners are its highest executives and its biggest stars. An examination of filings by The New York Times’ Dealbook and Footnoted reveals the power and wealth of this secretive group.
Improv comedian Craig Rowin gets the million dollars he asked for – Mediaite Woody Allen: Money can buy happiness – as if – New Yorker 6 money management lessons from a 107 year old man – BankRate LivingSocial’s Amazon deal: 1.3 million takers and counting; its biggest deals before this […]
Financial stocks were hit hard today after Goldman Sachs (NYSE: GS) announced revenues that missed analysts’ expectations. On average, analysts had anticipated $39.49 billion in net revenues for 2010, but at $39.16 billion, GS’ actual results were lower. GS’s EPS was down from 2009 but did beat analysts’ expectations. That […]
*See important disclosures. Buying stocks with a high dividend yield can be a great way to increase income and that’s the goal within Athena Invest’s Athena Dividend Income model. The top holding in the model is US Ecology (NASDAQ: ECOL), which had a 4.13 percent dividend on January 19th (Money.CNN.com). […]