Share to Twitter Share to Linkedin Topline: As the United States enters recession territory and investors say goodbye to an 11-year bull market, comparisons to the Great Depression—the worst economic downturn in American history—are inevitable, but how does that comparison actually stack up? Unemployment Peak unemployment during the Great Depression reached a staggering 24.9% in 1933, according to the Bureau of Labor Statistics ; in 1929, just four years prior, unemployment was just 3.2% . This past February, the unemployment rate was 3.5%, according to the Bureau of Labor Statistics (that number does not take into account the coronavirus-related layoffs that have ramped up in earnest this month). Unemployment hasn’t risen above 4% since February 2018. Federal Reserve Bank of St. Louis President James Bullard told Bloomberg that the U.S. unemployment rate could hit 30% next quarter while last week, Treasury … [Read more...] about The Great Depression Vs. Coronavirus Recession: 3 Metrics That Will Determine How Much Worse It Can Get
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Share to Twitter Share to Linkedin Recap from December’s Picks On a price return basis, the Safest Dividend Yields Model Portfolio (+10.1%) outperformed the S&P 500 (+3.0%) by 7.1% from December 21, 2022 through January 17, 2023. On a total return basis, the Model Portfolio (+10.3%) outperformed the S&P 500 (+3.0%) by 7.3% over the same time. The best performing large-cap stock was up 29%, and the best performing small-cap stock was up 17%. Overall, 16 out of the 20 Safest Dividend Yield stocks outperformed their respective benchmarks (S&P 500 and Russell 2000) from December 21, 2022 through January 17, 2023. This Model Portfolio only includes stocks that earn an Attractive or Very Attractive rating, have positive free cash flow and economic earnings, and offer a dividend yield greater than 3%. Companies with strong free cash flow (FCF) provide higher quality and safer dividend yields because strong FCF is proof they have the cash to support … [Read more...] about Advance Auto Parts’ Cash Flow Increases The Safety Of Its Dividend Yield
Share to Twitter Share to Linkedin Meta Platforms’ stock (NASDAQ NDAQ : META) has gained 29% in the last week, outperforming the S&P 500 (up 2.1%) by a huge margin. Further, the same trend was observed over the last ten days (34% vs 3.7%) and one month period (47% vs 7%). The social media giant surpassed the consensus estimates in the recently released fourth-quarter results. While it reported a 4% decline in net revenues to $32.17 billion, the number was still above the expected mark. Along similar lines, the average revenue per user of $10.86 was lower than the previous year’s figure but better than the estimates. Further, the daily active users improved by 4% y-o-y to 2 billion. In addition, the firm announced a share repurchase plan worth $40 billion in the quarter. Although a big chunk of stock growth came after the earnings beat last week, investor sentiment has remained positive toward the stock since January. This was partly due to cost … [Read more...] about Meta Platforms Stock Jumped 29% In One Week, What’s Next?
Share to Twitter Share to Linkedin OBSERVATIONS FROM THE FINTECH SNARK TANK The Online Bank Insurgency Just 8% of US consumers consider an online bank like Chime or Varo their primary bank . But among consumers with two accounts, digital banks have a 14% market share, and of Americans with three accounts, they’ve captured 17% of the pie. All told, consumers have 27 million accounts opened with online banks . Chime: The 800-Pound Gorilla In Digital Banking Chime, which recently announced a $485 million Series F funding round that valued the company at $14.5 billion, has a 35% share of all digital bank checking accounts . The next biggest competitors are Ally Bank with 9% of the digital banking market, and Varo Money with a 6% share. How Chime has come to dominate digital banking isn’t just a lesson for other challenger banks—it’s a lesson for all banks and credit unions. Chime’s Competitive Weapon: Featurization Challenger banks … [Read more...] about How Chime Is Dominating Digital Banking (And All Of Banking)
Share to Twitter Share to Linkedin InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here . C VS Health announced its plans to acquire Oak Street Health in a $10.6 billion deal on Wednesday, as the pharmacy retailer and parent company of health insurer Aetna looks to expand its reach into primary care. As Forbes senior contributor Bruce Japsen writes , the move comes amid a broader primary care clinic buyout wave by other retailers. This includes Amazon’s $3.9 billion bid for One Medical in July and investments by Walgreens Boots Alliance and health insurer Cigna in VillageMD. The deal values Oak Street at $39 per share, which is 16% above the $33.68 share price at Tuesday’s market close. The Chicago-based company, which employs 600 primary care providers across 169 medical centers, enters into value-based contracts with insurers to manage the care of seniors in the Medicare program. The company … [Read more...] about InnovationRx: CVS Bid For Oak Street; Plus, Covid Strains In Beijing