Share to linkedin

Share to Twitter Share to Linkedin Paul Tudor Jones' JUST Capital aims to find large U.S. companies that engage in "just business ... [+] behavior." Kevin Mazur/Getty Images Goldman Sachs Asset Management is jumping into the do-good investing game with a new ETF: JUST. The new fund aims to track an index created by JUST Capital , a nonprofit that does research to find large U.S. companies engaging in “just business behavior.” (Disclosure: Forbes ’ chief content officer Randall Lane is on the board of Just Capital, and Forbes publishes JUST Capital’s top 100-ranked companies each year.) Cofounded in 2013 by billionaire investor Paul Tudor Jones II and thought leaders like Deepak Chopra and Arianna Huffington, JUST Capital has surveyed 72,000 Americans to understand the business practices related to environmental, social and governance (ESG) issues that matter most to them. Using those priorities, it scores Russell 1000 … [Read more...] about Feel Good, Get Rich With New Goldman Sachs Paul Tudor Jones ETF

Share to Twitter Share to Linkedin Key News Asian equities were a sea of red other than China and the Philippines overnight. Reuters is reporting “according to three people briefed on the matter… the Biden Administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it poses a risk to US national security”. Clearly, there are some loose lips if three different people were willing to spill the beans. However, this is a non-event as even the article admits Alicloud only has $50 million of revenue generated in the United States. If this happens: A) Alibaba should sue in US court as it would win just as Xiaomi and Tik Tok did. B) Microsoft and Amazon could be the target for a tit for tat response due to their cloud business in China. Over the three-day weekend, the PBOC cut the 1-year medium-term lending facility from 2.95% to 2.85% and the reverse repo rate to 2.1% from 2.2%. Banks are expected to lower their loan rates in … [Read more...] about Biden’s Alibaba Bark Has No Bite

Share to Twitter Share to Linkedin Microsoft MSFT set its all-time intraday high of $349.67 on November 22 and it ended last week at $310.20, down 11.3% below the high. The stock broke below its 50-day simple moving average on January 4 and traded as low as $302.38 on Tuesday, January 18. Its 200-day simple moving average is rising at $291.84. Microsoft is having a tough time so far in 2022. It’s down 7.8% so far this year, but it’s still up 134.1% since its March 23, 2020 low of $132.52. Microsoft is not cheap. Its p/e ratio is 36.84% and its dividend yield is just 0.8%, according to Macrotrends. The company had beaten earnings-per-share estimates in twenty-two consecutive quarters. The Daily Chart for Microsoft The daily chart for Microsoft shows a strong uptrend that began before the beginning of this chart. The rally climbed along the rising 50-day simple moving average. The rally ended at $349.67 on November 22. This day proved to be a … [Read more...] about Microsoft Declining Towards Its 200-Day Moving Average, Here’s How Trade The Stock

Share to Twitter Share to Linkedin Investors are buying up legacy companies as quickly as they are dumping innovative digital businesses. Everything is upside down. It may stay that way for a while. Shares of Hewlett HPQ Packard (HPQ) jumped last week to a new high as DocuSign (DOCU) stock plummeted. Luddite investors are choosing printers and messy ink over the digital equivalent. It’s time to consider buying Oracle ORCL Systems (ORCL) . Let me explain. The stock market is in the midst of a rotation. It is the beginning of the year and the really big money is pouring into the market. Large institutional accounts skew heavily toward conservative, value investing strategies. This makes sense. Their investors, mostly pension funds, are more afraid of losing their capital than posting big returns. Holding Hewlett Packard in the portfolio is an easier sell to clients than DocuSign. Hewlett is a fundamentally cheap household name whereas … [Read more...] about Why Oracle Will Survive And Thrive In Tech Shake-Out

Share to Twitter Share to Linkedin In a December 23, 2021 Wall Street Journal Op-Ed, ex Democratic Vice Presidential candidate and ex-Connecticut Senator, Joe Lieberman advocated for a return in the senate to “regular order”. Regular order is the slow deliberative process of debating bills through committees and including the minority in the debate. It’s the 150-year normal in the Senate. Days later, Democratic Senator Joe Manchin (W VA) used a similar logic to torpedo the overarching partisan “Build Back Better” bill. Shortly thereafter, the Federal Reserve indicated they would exit their unprecedented money printing game more quickly than anticipated and begin returning short-term interest rates and their swollen balance sheet to more “normal” levels. Are we headed toward regular order and normality in the economy and the markets? In so many ways, looking through our rear-view mirror, 2021 was anything but normal or regular. COVID raged on and off and then on … [Read more...] about A Return To Regular Order?

Share to Twitter Share to Linkedin Key News Asian equities were a sea of red, except for the small gains by Hong Kong and Singapore. Japan was off -2% as Sony was smoked -12.79% post-Microsoft/Activision announcement. The Hang Seng Index managed to gain +0.06% while the Hang Seng Tech Index was off -0.98% on volumes that were up +2.36% from yesterday, which is only 70% of the 1-year average. Foreign investors are starting to pick up on China’s monetary easing narrative, which makes their underweight potentially dangerous if we get a rally. Hong Kong internet stocks didn’t fall nearly as much as the US names yesterday as Tencent +0.66% (Tencent US listing -5.14% yesterday), Meituan -0.65% (US -0.71% yesterday), Alibaba HK -1.74% (US -2.26%) and JD.com HK +0.86% (US -0.43%). JD merchants will gain access to Shopify’s e-commerce platform while Shopify merchants can gain access to suppliers on JD’s platform. Alibaba HK felt yesterday’s ridiculous article on how … [Read more...] about Monetary Easing Gains Momentum, Hong Kong Internet Holds Up

Share to Twitter Share to Linkedin The last time the Federal Reserve tried to taper its money-printing ways, the S&P 500 dropped 20% in 11 weeks. I’m not sure if the sequel is going to be any kinder to “America’s ticker,” the SPDR S&P 500 ETF (SPY) SPY . It’s time to prepare. The best time to sell speculative, profitless positions was last week. The second-best time is probably now, with Jay Powell set to stop his bond buying and start raising rates in the next couple of months. I know many dividend investors are feeling smug, and rightly so. We made a bunch of money from Powell’s printing, and now our dividend darlings appear set to attract “basic” investors from the land of crypto and tech. But not all dividend payers are safe today. Some are anything but, and will be washed out alongside the speculative junk. (We’ll name two of these dangerous dividends below.) But first, a toast. Powell Has Been Good to Us One day we may raise a … [Read more...] about 2 Dangerous Dividends That’ll Be Wiped Out In ’22

Share to Twitter Share to Linkedin Just before Thanksgiving, we learned that Alabama sought to spend $400M of COVID relief on new prisons —five times as much as it plans to spend on hospitals. And now as we kick off a new year, it's clear that it’s not just Alabama who wants to pass off prisons as COVID relief—but almost half the country. At least 17 states across the US are angling to use at least $830 million of their federal Covid relief funds to build new jails and prisons, ranging from tiny $8,000 projects to the hundreds of millions. These funds would all come from the near party-line passage of The American Rescue Plan Act (ARPA). The Treasury has now released guidance to states essentially saying, “not so fast…” making it clear that new prison construction is not a sanctioned use of COVID relief funds. Their new policy states, “Treasury presumes that the following capital projects are generally ineligible: Construction of new correctional … [Read more...] about Jails In Jeopardy Following New Treasury Rule: Federal Covid Relief Must Help People

Share to Twitter Share to Linkedin There is evidence consumers now favor electric vehicles over comparable internal combustion engine cars and trucks. It is a big deal for automakers and investors. Porsche executives announced on Monday that global sales of Taycan, its next generation electric vehicle, have surpassed those of the iconic 911. It’s a milestone. The EV era is here. Investors should consider buying Tesla TSLA (TSLA) . Let me explain. There was never any doubt Porsche customers would eventually choose the Taycan over its lineup of ICE vehicles. The surprise is how quickly they made the jump. For 70 years the Porsche 911 has been the pinnacle of German sportscars. Its frog-like front fascia and wide rear-end have barely changed since 1963. That design language influenced every Porsche since, from its SUVs, the Cayenne and Macan, to Panamera, a four-door sedan, to Taycan, the first foray into EVs. When Porsche launched the Taycan Turbo … [Read more...] about The Machines That Build Machines, Porsche Vs Tesla

Share to Twitter Share to Linkedin By Lauren Gensler and Samantha Sharf After the consumer credit bureau Equifax revealed last September that personal data from 145 million Americans had been exposed in a breach of its computers, a well-worn corporate scandal playbook kicked in. Nervous investors beat its stock down by a third. The CEO and other top execs felt a sudden urge to "retire." Congress held hearings. Lawsuits were filed. One response, however, was more surprising: Sign-ups at Credit Karma -- which requires consumers to trust yet another financial company with their credit records --spiked 50%. Apparently some hack-weary folks concluded that the only way to protect themselves from a bad guy with their financial data was to arm a good guy with it too. And Credit Karma has built a reputation, particularly among Millennials, as a good guy. More than 80 million Americans (one in three adults) are now Credit Karma "members" and eligible to use its … [Read more...] about Big Brother, With Benefits: Why A Third Of Americans Let Credit Karma Cash In On Their Data