Big-name tech stocks are 'safety blanket' amid banking industry woes
With concerns about the banking markets multiplying by the day, it should be no surprise that investors are looking for areas of stability in the stock market. And for some, that stability could be in areas of the tech sector.
According to Wedbush analyst Dan Ives, technology stocks can currently provide a "safety blanket" for investors as "a game of musical chairs" continues to be played in the banking industry, and nerves acro...
According to Wedbush analyst Dan Ives, technology stocks can currently provide a "safety blanket" for investors as "a game of musical chairs" continues to be played in the banking industry, and nerves acro...

15K Views
Like
Comment
Share
ehttrader
liked
Could this be Warren Buffetts chance for a second big bank trade?
The last bank trade was a massive double digit billions trade!
—
*BIDEN OFFICIALS TALKED WITH BUFFETT IN RECENT DAYS: SOURCES
*SENIOR BIDEN OFFICIALS IN TOUCH WITH BUFFETT ON BANKS
—
THE BANKING TRADE
Buffett already had a massive trade within the banking industry.
In 2011 Berkshire invested $5 billion in Bank of America $Bank of America(BAC.US$ .
Bank of America was struggling with numerous legal issues in the wake of the subprime ...

—
*BIDEN OFFICIALS TALKED WITH BUFFETT IN RECENT DAYS: SOURCES
*SENIOR BIDEN OFFICIALS IN TOUCH WITH BUFFETT ON BANKS
—
THE BANKING TRADE
Buffett already had a massive trade within the banking industry.
In 2011 Berkshire invested $5 billion in Bank of America $Bank of America(BAC.US$ .
Bank of America was struggling with numerous legal issues in the wake of the subprime ...

Like
Comment
Share
ehttrader
liked and voted
Apple Stock: A Much Better Bet Than Banks
Looking Back, AAPL Is A Clear Winner
Having said the above, I can also understand and support the case for bypassing banks altogether amid all the turmoil and sticking with a stock like Apple. History clearly supports this strategy.
I ran a backtest that goes back all the way to 2005. In it, I simulated a long-short portfolio: 100% exposure to AAPL, -100% (negative) exposure to KBE rebalanced monthly. With this approach, one is effectively betting that Ap...
Having said the above, I can also understand and support the case for bypassing banks altogether amid all the turmoil and sticking with a stock like Apple. History clearly supports this strategy.
I ran a backtest that goes back all the way to 2005. In it, I simulated a long-short portfolio: 100% exposure to AAPL, -100% (negative) exposure to KBE rebalanced monthly. With this approach, one is effectively betting that Ap...

Like
Comment
Share
ehttrader
liked
Amazon targets 2024 launch of first Kuiper internet satellites
$Amazon(AMZN.US$ plans to launch its first internet satellites to space in the first half of 2024 and offer initial commercial tests shortly after, the company said Tuesday, as it prepares to vie with $Tesla(TSLA.US$ Elon Musk's SpaceX and others to provide broadband internet globally.
Amazon's satellite internet unit, Project Kuiper, will begin mass-producing the satellites later this year, the company said. Those will be th...
Amazon's satellite internet unit, Project Kuiper, will begin mass-producing the satellites later this year, the company said. Those will be th...


Like
Comment
Share
ehttrader
liked
Has ChatGPT Put Bing Back Into Search Engine Discussion?
$Microsoft(MSFT.US$ reported an increase in daily active users (DAUs) for its Bing search engine after integrating the chatbot ChatGPT last month, potentially signaling a shift in a long-rigid market.
Microsoft said in a March 8 blog post that it logged more than a million new Bing preview users since adding ChatGPT features, bringing its total DAUs for the search engine to more than 100 million.Besides new user growth, Bing has also had an i...
Microsoft said in a March 8 blog post that it logged more than a million new Bing preview users since adding ChatGPT features, bringing its total DAUs for the search engine to more than 100 million.Besides new user growth, Bing has also had an i...

Like
Comment
Share
ehttrader
liked
That time Warren Buffett called the Bank of America call center looking to be connected to the CEO so he can make a $5B investment in the bank:
$Bank of America(BAC.US$$Berkshire Hathaway-A(BRK.A.US$$Berkshire Hathaway-B(BRK.B.US$
$Bank of America(BAC.US$$Berkshire Hathaway-A(BRK.A.US$$Berkshire Hathaway-B(BRK.B.US$

Like
Comment
Share
ehttrader
liked
Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors
Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the bank’s U.K. arm.
$Bitcoin(BTC.CC$ was up nearly 10% at 3 a.m ET at $22,560.20, its highest level in 10 days.
The U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corporation said Sunday that depositors of SVB will have access to all of their ...
$Bitcoin(BTC.CC$ was up nearly 10% at 3 a.m ET at $22,560.20, its highest level in 10 days.
The U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corporation said Sunday that depositors of SVB will have access to all of their ...

Like
Comment
Share
SUMMARY OF BIDEN'S TAX CHANGES:
1. Raise capital gains tax from 20% to 39.6%, highest since 1978
2. Top tax rate raised from 37% to 39.6%
3. Corporate tax rate raised from 21% to 28%
4. Self employment tax raised from 3.8% to 5.0%
5. Increase IRS funding by 15% on top of $80 billion from the Inflation Reduction Act
6. 25% minimum tax rate on households with $100 million+ net worth
7. Elimination of tax break for crypto investors
8. Elimination of carried-interest tax break
9. Increase stock buyb...
1. Raise capital gains tax from 20% to 39.6%, highest since 1978
2. Top tax rate raised from 37% to 39.6%
3. Corporate tax rate raised from 21% to 28%
4. Self employment tax raised from 3.8% to 5.0%
5. Increase IRS funding by 15% on top of $80 billion from the Inflation Reduction Act
6. 25% minimum tax rate on households with $100 million+ net worth
7. Elimination of tax break for crypto investors
8. Elimination of carried-interest tax break
9. Increase stock buyb...
Like
Comment
Share
ehttrader
liked
Tech Hiring Data Confirm Talent Mania Before Pivot to Layoffs
The US Bureau of Labor Statistics has just confirmed what everyone already knows: Tech companies kept adding workers last year right up until they started cutting them.
To be more specific, software publishers and three other key sectors added 91,334 employees from January to September, according to the Quarterly Census of Employment and Wages released Wednesday. The census offers much more detail than the BLS’s monthly employment repo...
To be more specific, software publishers and three other key sectors added 91,334 employees from January to September, according to the Quarterly Census of Employment and Wages released Wednesday. The census offers much more detail than the BLS’s monthly employment repo...
Like
Comment
Share
ehttrader
liked
AAPL Notches Up as Chinese iPhone Demand Might be Recovering
Recently, reports emerged that Foxconn was in dire straits because demand for electronics—including iPhones—was on the decline. Yet now, Wedbush’s own Dan Ives came out with a report that Chinese demand for iPhones is on the upswing. $Apple(AAPL.US$ investors liked what they heard, at least provisionally, and sent Apple shares up fractionally in Wednesday afternoon’s trading.
Just two days ago, things were looking bad for $Foxconn Concept(BK1179.HK$ Foxconn a...
Just two days ago, things were looking bad for $Foxconn Concept(BK1179.HK$ Foxconn a...

Like
Comment
Share