Stocks & Commodities of November | 2024

"Money never sleeps." - Gordon Gekko.

"To get rich is glorious." - Deng Xiaoping.

"Price is what you pay. Value is what you get." - Warren Buffett.

"I don't throw darts at a board. I bet on sure things." - Gordon Gekko.

"Rule #1: Never lose money. Rule #2: Never forget rule #1." - Warren Buffett.

"Be fearful when others are greedy, and be greedy when others are fearful." - Warren Buffett.

"Besser gut schlafen, als gut essen." - German saying meaning It is better to sleep well than eat well.

Stocks & Commodities Recommendations

• Apple Inc. - NASDAQ:AAPL.
• Amazon.com, Inc. - NASDAQ:AMZN.
• Alphabet Inc. - NASDAQ:GOOGL.
• Microsoft Corporation - NASDAQ:MSFT.
• LVMH-Moet Hennessy Louis Vuitton - OTCMKTS:LVMUY.
• Nvidia Corporation - NASDAQ:NVDA.
• NOVO NORDISK A/S - NYSE:NVO.
• Novozymes - OMX:NZYM B.
• TESLA - NASDAQ:TSLA.


• 1 Key to Investing Success, According to Warren Buffett - It's one that billionaire investor Warren Buffett uses himself: be a business picker.
• 2 Warren Buffett Stocks to Hold Forever - "There's nothing wrong with looking to the Oracle of Omaha for guidance. Below are two Buffett stocks that investors can feel comfortable holding on to forever."
• 3 Warren Buffett Stocks to Hold Forever - "1. Cola-Cola (NYSE: KO) is Berkshire Hathaway's fourth-largest holding, with 400 million shares. That's 6.6% of its portfolio and also amounts to a 9.3% stake in Coca-Cola."
• 4 insane things just happened to Tesla - "We're barely a week into September and it's already been a wild month for Tesla."
• 6 Stocks Set To Soar In 2021 - Forbes.
• 8 Phenomenal Stocks Warren Buffett Plans to Hold Forever - "Whereas the benchmark S&P 500 has gained a healthy 33,000%, including dividends, since the affably named 'Oracle of Omaha' became Berkshire's CEO, Buffett has overseen just shy of a 5,000,000% aggregate return in his company's Class A shares (BRK.A), as of the closing bell on April 25."
• 10 Best Performing Warren Buffett Stocks in 2023 - "We'll take a look at how well Mr. Buffett's portfolio is doing on the stock market. Some companies that are doing great are Floor & Decor Holdings, Inc. (NYSE:FND), Paramount Global (NASDAQ:PARA), and Nu Holdings Ltd. (NYSE:NU)."
• 47% of Warren Buffett's $375 Billion Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks - "The Oracle of Omaha is (indirectly) betting big on Wall Street's next-big-thing investment."
• 85% of Warren Buffett's $354 Billion Portfolio Is Invested in Just 10 Stocks - "The Oracle of Omaha has run circles around the S&P 500 since becoming CEO of Berkshire Hathaway. Despite having stakes in close to four dozen securities, nearly $302 billion of Berkshire's invested assets are in only 10 stocks. Portfolio concentration is a big reason Berkshire Hathaway has handily outperformed Wall Street for nearly 60 years."
• 2024: Stocks Are in a Bull Market. What Does That Mean? - "It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street."
• $2,245.62 a second: ExxonMobil scores enormous profit on record gas prices - "Including one-time items, both earned hundreds of millions more: ExxonMobil's net income reached $17.9 billion, while Chevron brought in $11.6 billion. ExxonMobil's net income came to $2,245.62 every second of every day of the 92-day long quarter. On that basis, Chevron earned $1,462.11 per second."
• A healthier option than the Magnificent 7? Meet Europe's 'Granolas' - "Dubbed the 'Granolas,' those 11 companies accounted for 60% of the gains on Europe's benchmark stock index over the past 12 months. They have even slightly outperformed the Magnificent 7 over a longer period, according to Goldman Sachs. The Granolas - an acronym coined by the bank in 2020 to describe Europe's biggest companies by market capitalization at the time - comprise GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP and Sanofi."
• Apple & Tesla: Tech shares tumble amid supply issues - "Apple and Tesla stocks have tumbled over growing concerns about delays in their production lines in China. Apple shares hit their lowest point since June 2021. Tesla's stock has dropped 73% from a record high in November 2021."
• Apple has become the world's first $3 trillion company - "Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday - the first publicly traded company ever to be worth that much. Shares of Apple (AAPL) were briefly up about 3% to a new all-time high of $182.88, surpassing the $182.85 per share it needed to be worth $3 trillion. The stock later pulled back from that level."
• Apple is no longer king of the Dow. Meet tech's new leader - "Meet the new tech king of the Dow: Salesforce. The software company, which debuted in the Dow on Monday, is now the index's third-largest holding. It was chosen over two other trillion-dollar companies, Amazon (AMZN) and Google owner Alphabet (GOOGL), and it's an even bigger part of the Dow than more established Dow tech stalwarts Microsoft (MSFT), IBM (IBM), Apple (AAPL), Cisco (CSCO) and Intel (INTC). Salesforce's market value is $240 billion, compared to Apple's more than $2 trillion and Microsoft's $1.7 trillion. It's all because the Dow, unlike the S&P 500 and many other indexes, ranks its holdings by share price and not market value."
• Apple is now the world’s most valuable publicly traded company - "It’s now larger than Saudi Arabia’s state-owned oil company."
• Apple, Microsoft, Amazon, Google & Facebook Make Up A Record Chunk Of The S&P 500. Here’s Why That Might Be Dangerous - "With valuations at their highest level today since the dot-com boom, there’s concern about a flood of investors piling into large-cap tech companies, and some are warning that too much market concentration in a handful of stocks could pose downside risks. While the S&P is down roughly 1% in 2020, Facebook and Google have jumped more than 10%, Apple and Microsoft are up 25% and Amazon has gained a whopping 57%."
• Apple Stock Could Surge Even Higher Following $2 Trillion Valuation, Morgan Stanley Says - "Despite Apple surpassing a valuation of $2 trillion last week—becoming the first U.S. company to do so, Morgan Stanley analysts argue that the tech giant remains undervalued, raising their price target for the stock to the highest among major Wall Street firms."
• Apple’s concessions in China reportedly include a secret $275 billion deal & one odd change in Maps - "Tim Cook has pushed Apple’s value within close range of $3 trillion, and a lot of that has to do with the former operations lead’s ability to manage a relationship with China, where many of its products are made and, increasingly, many of them are sold. A report this week from The Information relies on unnamed sources and internal documents to peel back some of the details about Apple’s ties with China."
• Apple’s market value breaches $3tn mark for first time since January 2022 - "Shares of Apple, which is also the world’s most valuable listed company, ended the day up 2.3%, valuing the company at just over $3tn."
• Apple’s road to $4 trillion starts with its rumored headset & Apple car - "Apple (AAPL) on Monday made history by becoming the first publicly traded company with a market cap of $3 trillion. It’s now seesawing back and forth between the mark for the thrill of it. Apple will need to enter uncharted territory to reach $4 trillion."
• Artificial intelligence chip giant Nvidia sees sales more than double - "Technology giant Nvidia says its sales have hit a record after more than doubling as demand for its artificial intelligence (AI) chips soars. The company says revenue jumped to above $13.5bn for the three months to the end of June."
• best stock in the S&P 500 is 105 years old - "Apple, Amazon and Nvidia get all the attention on Wall Street, but those alluring tech titans have been left in the dust this year by a 105-year-old air conditioning company."
• Best Warren Buffett Stocks To Buy & Hold In 2023 - "Take the best of Warren Buffett's portfolio and you're likely to beat the market, again and again. Two of his big winners in 2022 include ChevronCVX -0.8% (CVXCVX -0.9%) and Occidental PetroleumOXY +0.5% (OXY), up about 52% and 116%, respectively in 2022. That's incredible performance in a year the S&P 500 is down 18%."
• Bill Gates is hanging on to these stocks for steady income - you can too - "Let’s take a look at three dividend plays that represent sizeable positions in the Bill & Melinda Gates Foundation Trust. After all, investment legend and BIll’s good pal Warren Buffett is a trustee of the foundation, so it might make sense to follow along - maybe with some of your spare change."
• Bill Gates’ 10 Dividend Stocks - "In this article, we discuss the best dividend stocks according to Bill Gates. You can skip our detailed analysis of Bill Gates' investment philosophy and go directly to read Bill Gates' 5 Dividend Stocks."
• Billionaire investor Charlie Munger says stock market ‘gambling’ is as addictive as ‘heroin’ - but he sees no way to fix it - "Speculative trading boosted “meme stocks” and shares in many other risky companies during the COVID-19 lockdowns and helped retail investors profit tremendously before the market tanked. Charlie Munger, Warren Buffett’s lieutenant at Berkshire Hathaway and a veteran long-term investor, thinks this kind of speculative trading is akin to an addiction—one that it should be done away with."
• Bitcoin Forum - dedicated to the discussion of bitcoin, blockchain technology and cryptocurrency. The forum was initially created by Satoshi Nakamoto, the pseudonymous inventor of Bitcoin in November 2009.
• Bitcoin Has Climbed Above $40,000 Again - What's Next? - "As the cryptocurrency trades close to the all-time high of more than $42,000 it reached earlier this month on CoinDesk, several market observers weighed in where it will likely go next."
• Bitcoin hits an all-time high of just under $20,000 - "Bitcoin just hit another milestone in its impressive 2020 run. The cryptocurrency surged 9% to a new all-time high of about $19,860 on Monday, topping the previous peak of $19,783 from December 2017."
• Bitcoin hits record high as US dollar slides - "Bitcoin bursts through $28,500."
• Bitcoin hits record high on 12th anniversary of its creation - "Bitcoin has surged to a record high amid rising interest from investors and claims that the volatile cryptocurrency is on the way to becoming a mainstream payment method. On Sunday, it hit a new high of more than $34,800, on the 12th anniversary of the bitcoin network being created."
• Bitcoin Is At A Critical Juncture - "After peaking at $63,503 on April 13 this year bitcoin has fallen just over 50% to approximately $30,700 today. It is still up 6% for the year but has been in a steady downward trend since it tried to rally in the late April to mid-May timeframe and failed to make a new high. There are two technical patterns that show bitcoin is at a critical juncture."
• bitcoin is surging again - "Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It’s up 20% over the past five days." Updated 10:50 PM EDT, Tue October 24, 2023.
• Bitcoin Price Prediction 2021: Where Is The Top? - Forbes.
• Bitcoin price reaches three-year high of more than $19,000 - "World’s biggest cryptocurrency has become more attractive to investors in Covid crisis."
• Bitcoin rockets past $18,000. The all-time high is in sight - "Bitcoin prices continue to skyrocket and the cryptocurrency is now within striking distance of its all-time high from December 2017. The record high for bitcoin is just below $20,000. The total value of all the bitcoins in circulation is now more than $300 billion -- also near an all-time high."
• Bitcoin soars past $50,000 for the first time - "Bitcoin topped $50,000 Tuesday, continuing a stunning rise that has sent it soaring about $20,000 this year. Bitcoin passed $20,000 for the first time in December, and it has more than doubled in value in three months."
• Bitcoin surges past $60,000 for first time - "Cryptocurrency Bitcoin has risen for the first time above $60,000, continuing its record-breaking run. Bitcoin - which has more than tripled in value since the end of last year - has been powered on by well-known companies adopting it as a method of payment."
• Bitcoin Surpasses $15,000 To Reach Fresh 2020 High - "Bitcoin prices extended their recent gains today, continuing to rally and breaking through the $15,000 level to hit a new high for this year."
• Bitcoin tops $20,000 milestone & continues to surge to record highs - "After topping the symbolic benchmark Wednesday, bitcoin continued to surge late into the evening. It was last trading at roughly $21,851, according to data provider Refinitiv. Bitcoin (XBT) has been on a tear this year, having tripled in value. It and other cryptocurrencies have been attractive to investors as the US dollar has weakened."
• Bitcoin value surges past $30,000 for first time - "The virtual cryptocurrency hit $30,823.30 at 13:13 GMT on Saturday, just weeks after soaring above $20,000 for the first time. In the past year Bitcoin has almost quadrupled in value thanks to interest from large investors looking for rapid profits. Some analysts think it could rise even further as the US dollar drops further."
• Carl Icahn is on a seven-year losing streak, but the market still loves his stock - "n October 2013, when Carl Icahn started selling his large position in Netflix, many believed the vaunted billionaire investor had done it again. The company had successfully transitioned from a DVD-by-mail rental service to video streaming, and Icahn had made a 457% return in just 14 months."
• China launches antitrust investigation into Alibaba - "China has launched an antitrust investigation into Alibaba (BABA) as it steps up scrutiny of the country's rapidly growing internet firms."
• China orders Alibaba founder Jack Ma to break up fintech empire - "Central bank says Ant Group governance is unsound and tells it to rectify ‘illegal activities’."
• Covid: Asia follows global shares slide amid recovery fears - "Stock markets across the world have dropped on fears that increasing numbers of Covid cases will hamper economic recovery."
• Covid. War. Inflation. Recession fears. The stock market can't keep up - "It's been a year full of worries for investors, from geopolitical conflict to inflation to the pandemic, and it doesn't look like the concerns will ease anytime soon."
• Delta variant fears send shares down sharply in London & Europe - "Investors worry resurgence of Covid-19 cases will slow economic growth and stall global recovery."
• Dogecoin is no joke - "Dogecoin is on a run, has escaped the yard, and is headed to the moon."
• Dow Plunged 1,000 Points This Week After Reddit Traders Stormed The Stock Market - What Happens Next? - "Despite blowout corporate earnings and more solid news on the vaccine front, the stock market just posted its worst weekly performance in three months after Reddit traders squeezed Wall Street's elite out of billions of dollars, sending prices of heavily shorted stocks up to atmospheric new highs and fueling concerns over market frothiness - but experts seem in broad agreement that the bull market can rage on."
• Facebook's value rises above $1tn for first time - "A US federal court has dismissed two separate anti-trust lawsuits filed against Facebook."
• Forget the FAANGs. It's a stock picker's market now - "Investors who have been blindly buying all big techs got a rude awakening this week after Netflix imploded. But the good news from Tesla proves that some top momentum stocks can still thrive in this rocky market. The latest results from Tesla (TSLA) and Netflix (NFLX) show how silly it is for investors to buy into themes and memes like the FAANGs, or MT. FAANG, if you want to add Microsoft (MSFT) and Tesla to the Facebook (FB) (Meta)/Amazon (AMZN)/Apple (AAPL)/Netflix/Google (GOOGL) (Alphabet) quintet. This is a stock picker's market."
• GameStop's Massive Stock Surge Isn't Only About Making Money - "If you’ve been anywhere close to the financial markets this week, you’ve no doubt seen that the flailing brick and mortar video game retailer GameStop has rocketed in valuation."
• GameStop's three largest shareholders earn over $2bn amid stock surge - "Shares rise as video game retailer is at the center of a frenzied duel between Wall Street and small investors."
• Global stock markets tumble & oil soars after Russia moves troops into Ukraine - business live - "Investors brace for a torrid day as west threatens sanctions; oil marches towards $100 a barrel."
• Global stocks surge & experts optimistic as Covid vaccine exceeds expectations - "Hopes rise for end of pandemic as Pfizer says vaccine is 90% effective."
• Goldman Says Stocks Will Hit New Record Highs Again By End Of 2020 - "Despite the recent market sell-off, rising optimism about a coronavirus vaccine and progress with reopening the economy should propel stocks back to record highs before the end of the year, according to a recent note from Goldman Sachs."
• Has Bitcoin Just Gone Mainstream? - "The US Securities and Exchange Commission reports that Tesla has invested $1.5 billion in bitcoin, citing the interest for greater flexibility in diversifying and maximizing returns on its cash reserves, has prompted many people to rethink their relationship with the cryptocurrency, its potential and its future prospects."
• How much would a $100 investment in Warren Buffet's company in 1964 be worth in November of 2020? - "From Berkshire Hathaway Annual Letter to investors: Overall gain from 1964 to 2019: 2,744,062%. At end of 2019, that $100 would be worth $2,744,162. Berkshire stock performance (through 11/9/20): 0.87% bringing investment's value close to $2.8 million."
• How To Conjure A $20 Billion Fortune Using A SPAC - "The new high watermark in financial alchemy using special purpose acquisition corporations, or SPACs, was unlocked this week with a deal that aims to conjure tens of billions of dollars almost entirely out of thin air."
• Investment-grade Rolex & Patek Philippe watches are bad news for the industry - "Trusting the market is normally good advice, but what if the free market damages the reputation of its most successful brands? That is the danger facing Rolex and Patek Philippe now that almost nobody is able buy their most popular watches and their authorised dealers are being pitched into ugly fights with some of their most loyal clients. Where will it all end? Robin Swithinbank analyses the forces that are sucking the joy out of luxury watches."
• Kodak Stock Price Up Over 1,440% In Two Days - Forbes.
• Looking for bargains? Here are the stocks we love - "Most companies have reported fourth quarter earnings. The biggest takeaway for investors? This is a stock picker's market. Some companies are thriving while their competitors are not."
• Louis Vuitton's CEO now worth $200 billion - here's how to invest in the world's richest - "Here's how this French tycoon became the second person in history to achieve that milestone, and how investors (even those with limited funds) can steal a piece of his success."
• Luxury Investments Around the World Compared - infographic - "Do you enjoy the finer things in life? For many of the world’s wealthy individuals, acquiring luxury goods such as art, fine wine, and watches is a passion. Unlike traditional investments in financial assets, luxury goods can be difficult to value if one does not have an appreciation for their form. A rare painting, for example, does not generate cash flows, meaning its value is truly in the eye of the beholder. To gain some insight into the market for luxury goods, this infographic takes data from Knight Frank’s 2021 Wealth Report to compare the preferences of nine global regions."
• LVMH hits 400 billion euro in market value - "LVMH (LVMH.PA) shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalisation of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe's most valuable company. Like other luxury companies which are heavily exposed to China, LVMH has benefited this year from the fast reopening of the world's second biggest economy. However, some analysts said further gains in the share price could become harder to achieve."
• Maersk turns record profit & predicts supply chain chaos will continue - "Maersk, the world's largest container shipping company, predicts that global supply chain chaos will continue into next year. That could benefit the company, which just reported its best quarter in 117 years."
• Many Companies Won't Survive the Pandemic. Amazon Will Emerge Stronger Than Ever - "The pandemic has upended businesses across the world, but it has been very good for Amazon. Every lockdown 'click to purchase' nudged the company a little further toward utter domination of online shopping as total e-commerce sales nearly doubled in May. But if bigger was better for everyone, Amazon founder and CEO Jeff Bezos would not be appearing before Congress on Wednesday for an antitrust hearing."
• Meta's market value just dropped by more than most companies are worth - "Meta Platforms, the company formerly known as Facebook, just had its worst trading day in its history as a public company. The company's shares closed down more than 26% Thursday, shaving off nearly $240 billion from its market value, after a rough earnings report released after trading hours on Wednesday."
• Michael Burry, of ‘Big Short’ fame, just bet $1.6 billion on a stock market crash - "Burry is making his bearish bets against the S&P 500 and Nasdaq 100, according to Security Exchange Commission filings released Monday. Burry’s fund, Scion Asset Management, bought $866 million in put options (that’s the right to sell an asset at a particular price) against a fund that tracks the S&P 500 and $739 million in put options against a fund that tracks the Nasdaq 100. Burry is using more than 90% of his portfolio to bet on a market downturn, according to the filings."
• Microsoft beats Apple as most valuable company for first time in two years - "With market capitalizations neck-and-neck at $2.887tn and $2.875tn, Microsoft pulls ahead due to worries about iPhone sales."
• Netflix was overvalued, now it's becoming what it's always been - "Netflix is not in deep trouble. It's becoming a media company."
• Nikkei Back Above 30,000 After More Than Three Decades - "Japanese stocks have capitalised on an anticipated global rebound from the COVID-19 pandemic this year, with the abundance of cyclical shares, such as electronic parts makers, attracting global investors. The break of 30,000 could open the way for test of all-time high of 38,957, touched at the end of 1989."
• Novo Nordisk: Wegovy - Weight-loss drug firm becomes Europe's most valuable - "The maker of weight-loss drug Wegovy has become Europe's most valuable firm, dethroning the French luxury conglomerate LVMH. Shares rose after the Danish pharmaceutical giant, Novo Nordisk, launched the popular drug in the UK. At the close of trading on Monday, the firm had a stock market valuation of $428bn."
• Nvidia is now worth more than Alphabet, one day after surpassing Amazon - "Wall Street's favorite artificial intelligence darling is continuing to swell to staggering heights. Nvidia's market capitalization rose to $1.83 trillion on Wednesday, nudging past Alphabet's $1.82 trillion market cap."
• Nvidia rides big tech’s AI investment to beat Wall Street’s sky-high expectations - "Chipmaker, third most valuable company in world, records $30.04bn in revenue, showing AI demand continues to rise."
• Ozempic or Tesla? Markets are in no doubt which is hotter - "First, Novo Nordisk, the company behind Ozempic and Wegovy, outgrew its native Denmark. Now, it's bigger than Tesla. Shares in the pharmaceutical giant rose jumped more than 8% Thursday, pushing its market capitalization to $609 billion, about $40 billion more than Tesla's valuation."
• Panasonic turned its $30 million Tesla investment into a $3.6 billion windfall - "At the same time, it's ready to make a 'large investment' in Tesla's latest cells."
• Robinhood raises $1 billion, will reopen GameStop stock purchases on Friday - "After freezing purchases of 13 stocks on Thursday, the stock trading service sought cash to continue operating normally."
• Rolex Watches Were One of the Highest Appreciating Assets in the Last Decade - "Beating out gold, real estate, and stocks on average." Luxury watches have been the 'it' alternative investment these past couple of years, with names like Audemars Piguet, Patek Philippe and F.P.Journe making headlines for their insane surge in price. One Swiss manufacturer, however, has always been the king in terms of consistent appreciation - and it’s none other than Rolex.
• Stock markets in 2021: from big tech & crypto to takeovers - "The biggest moments of a year when shares rallied to record levels and deal-making soared."
• Stocks Are in a Bull Market. What Does That Mean? - "It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street."
• Tech results: Amazon, Apple & Facebook earn record profits - "Tech giants' shares soar as companies benefit from Covid-19 pandemic. Amazon, Apple, Facebook and Google reported positive quarterly results even as overall US economic growth fell by 32.9%."
• Tech stocks just had their worst two-week stretch since the start of the pandemic - "The Nasdaq Composite has dropped more than 5% in consecutive weeks, leaving the tech-heavy index in the red for the third quarter. Technology stocks rallied to start the quarter, but persistent inflation and cautionary commentary from the Federal Reserve dampened that enthusiasm. Tech companies that had experienced more than a decade of consistent growth are now signaling cutbacks."
• Tesla buys $1.5 billion in bitcoin - "Expects to begin accepting it as a form of payment."
• Tesla shares are about to get a lot cheaper with three-for-one stock split - "Tesla officially announced a three-for-one stock split, meaning the company's stock price - which has jockeyed between $600 and $1,000 for a year - is about to get more affordable for investors. The stock will begin trading on a split-adjusted basis on August 25th."
• Tesla short sellers lost $40 billion in 2020. Elon Musk made more than triple that - "It's hard to imagine anyone has had a better year than Elon Musk did in 2020."
• Tesla stock marks lowest close in years as investors worry about Musk’s focus - "Experts blame Elon Musk’s management style at Twitter for the electric carmaker’s financial problems."
• Tesla Up 700% This Year - Here Are 9 More Staggering Numbers Summing Up Elon Musk’s Wild Ride To S&P 500 - "Rounding out a year of explosive growth, electric-carmaker Tesla is set for the biggest S&P 500 debut in history on Monday, and it's been a crazy ride. In 2020 alone, the Palo Alto, Calif.-based firm posted its first-ever annual profit, booked stock gains strong enough to make CEO Elon Musk the world's second-richest man."
• Tesla's dirty little secret: Its net profit doesn't come from selling cars - "Tesla posted its first full year of net income in 2020 - but not because of sales to its customers. Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can't, the automakers have to buy regulatory credits from another automaker that meets those requirements - such as Tesla, which exclusively sells electric cars."
• The best stock in the S&P 500 is 105 years old - "Apple, Amazon and Nvidia get all the attention on Wall Street, but those alluring tech titans have been left in the dust this year by a 105-year-old air conditioning company."
• The Hedge Fund Genius Who Started GameStop’s 4,800% Rally Now Calls It "Unnatural, Insane & Dangerous" - "In April, Dr. Michael Burry, the hedge fund investor who made millions shorting subprime mortgages during the 2008 crisis and was dramatized by Christian Bale in 'The Big Short,' made a bold play at the depths of the Coronavirus pandemic."
• The Luxury Watch Market Presents Opportunities for the Savvy Investor - "The watch market has recently surprised even the most experienced watch experts."
• The stock market is flashing a warning sign - "When US stocks rise and the VIX stays low (and often goes lower), that's typically a green light for investors. But financial markets are in an entirely different world today - one that would normally imply a much lower VIX."
• The Truth About Warren Buffett’s Investment In Gold - "First, Berkshire exited or trimmed its position in several banks. Second, it added a position in gold mining company, Barrick Gold Corp."
• This could make bitcoin bigger than ever - "After plunging this spring, bitcoin is now trading above $60,000 - not far off the all-time high of more than $64,800 achieved in April. It's jumped more than 40% so far this month. Driving the gains: Investors are excited about the anticipated launch of the first bitcoin futures exchange-traded fund. The ProShares Bitcoin Strategy ETF will go live on Tuesday."
• This was the worst first half for the market in 50 years & it’s all because of one thing - inflation - "A multitude of factors conspired to generate the stock market’s worst first-half since 1970, all centering on inflation. Besides the damage to the big stock market averages, there has been carnage everywhere. Some hope lies ahead: When the S&P 500 plunged 21% in the first half of 1970, it promptly reversed those losses to gain 26.5% in the second half."
• Today's Cryptocurrency Prices by Market Cap - CoinMarketCap.
• Top 10 AI Stocks to Buy Right Now for the Next 10 Years - "As technology continues to advance, artificial intelligence (AI) has become an increasingly important part of our lives. It is now being used in everything from self-driving cars to personal assistants like Siri and Alexa. With the growing demand for AI, investors are looking for companies that are leading the way in this field. In this article, we will highlight the top 10 AI stocks to buy right now for the next 10 years."
• US Mint couldn't meet demand for gold & silver coins due to pandemic buying - "Sale of bullion rose 258% as investors raced for safe havens and online activists launched a buying frenzy."
• US stocks surge, erasing 2020 losses - "US stocks rallied again on Monday, pushing the Nasdaq to an all-time high and the S&P 500 into positive territory for the year, signaling growing optimism about the pace of recovery after Friday's better-than-expected jobs report. The Dow (INDU) finished up 461 points, or 1.7% higher. The S&P 500 (SPX) ended up 1.2%, erasing its losses for the year. The Nasdaq Composite (COMP) ended up 1.1%, its first record close since February."
• Vistagen's stock soars 1,272% after social anxiety nasal spray hits phase 3 goals - "The biotech’s stock skyrocketed 1,272% from market close Friday, rising from $1.68 per share to $24.70 as the market opened Monday. The stock has evened out a bit since then, hitting $12.07 per share at 11 a.m. ET."
• Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in - "Berkshire revealed it acquired nearly 26 million shares of Chubb in a Wednesday Securities and Exchange Commission filing of the company’s first quarter investments. That translates to a value of approximately $6.7 billion."
• Warren Buffett Has Bet Over $166 Billion on 3 AI Growth Stocks - "Buffett famously said he didn't understand technology, but he has amassed a fortune in AI stocks."
• Warren Buffett holds these stocks for the fat yields - "One man who’s made a lot of money from dividend stocks is legendary investor and Berkshire Hathaway CEO Warren Buffett. In fact, the majority of Berkshire’s holdings are now dividend-paying companies. And that means each year, the Oracle of Omaha collects billions of dollars just from dividends."
• Warren Buffett is buying big again - "For years, billionaire investor Warren Buffett has been sitting on a mountain of cash. But with stocks at record highs, he struggled to find deals that caught his eye. Now, with many other investors in selling mode, he's going shopping. What's happening: Buffett's Berkshire Hathaway just disclosed that it bought almost 121 million shares of HP worth about $4.2 billion, giving Buffett a stake of more than 11% in the technology company."
• Warren Buffett is having the last laugh - "Banks, energy firms and other value stocks have rallied this year, which is great news for Buffett since the Oracle of Omaha's conglomerate invests in many of these companies. Value stocks typically have lower price-to-earnings ratios, and they're definitely not trendy. Berkshire Hathaway (BRKB) shares are up about 3% this year and near an all-time high, while all the FAANGs, Microsoft (MSFT) and Tesla (TSLA) are deeply in the red. FAANG refers to Facebook, Amazon, Apple, Netflix and and Google."
• Warren Buffett-Led Berkshire Hathaway's $367 Billion Portfolio Is Invested in Only 1 Stock - "Let's try to figure out what exactly about Apple, which today represents just under 46% of Berkshire's entire portfolio, first drew Buffett's attention."
• Warren Buffett owns more of a Chinese electric car company than General Motors - "Berkshire Hathaway holds an 8.2% stake in Chinese electric automaker BYD, more than it does of General Motors, U.S. billionaire Warren Buffett said in a letter to shareholders."
• Warren Buffett sees 'no possibility of eye-popping performance' as Berkshire Hathaway cash hoard hits record $167.6 billion - "'There remain only a handful of companies in this country capable of truly moving the needle at Berkshire, and they have been endlessly picked over by us and by others,' Buffett said in his annual shareholder letter, which the company released alongside its results on Saturday."
• Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50% - "Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400 million shares. The sharp selloff is notable for Buffett, who is known for holding onto stocks for long periods of time."
• Warren Buffett's Berkshire Hathaway is making a huge bet on this oil company - "Berkshire Hathaway, the conglomerate and investing firm run by billionaire Warren Buffett, increased its ownership stake in Occidental Petroleum to nearly 15% this week."
• We asked ChatGPT what will be the Bitcoin price in 2024 - "This price range suggests a potential upside of 98%-133% from BTC's current price. ChatGPT's Bitcoin price prediction for 2024. Source: ChatGPT."
• What are ‘Big Short’ Michael Burry & Warren Buffett seeing that we aren’t? - "The S&P 500 index is up nearly 17% year to date, and the Nasdaq composite is more than 30% higher. Americans keep spending money, unemployment is low, the Federal Reserve may soon pause its painful interest rate hikes as inflation rates steadily - albeit slowly - come down. But Securities and Exchange Commission filings out Monday showed that Warren Buffett’s Berkshire Hathaway (BRKA) sold almost $8 billion more in shares than it bought in the second quarter of 2023. That’s not too much by his standards, but a significant move when the market is up."
• Why Tesla's stock is so much cheaper today - "The electric car company completed a 3-for-1 stock split after the closing bell Wednesday. So one share now costs a third of what it did a day ago. Tesla (TSLA) closed around $891 on Wednesday, which means it was trading a little under $300 Thursday."
• Zoom Is Now Worth More Than ExxonMobil - And Founder Eric Yuan’s Net Worth Has Nearly Doubled In Three Months - "As of 2:30 p.m. ET, Zoom sported a market valuation of $139 billion, compared to Exxon’s $138.9 billion. Zoom began the year with a market cap of $19 billion. While Zoom posted $1.35 billion in revenue over the past 12 months, Exxon, by comparison, posted $213.8 billion in revenue during that time period."

Stocks & Commodities News, Reviews & Resources

• 2 Warren Buffett Stocks to Hold Forever - "There's nothing wrong with looking to the Oracle of Omaha for guidance. Below are two Buffett stocks that investors can feel comfortable holding on to forever."
• 5 Things to Consider Before Buying Today’s Hot Investment - The New York Times.
• 5 Tips to Weather a Turbulent Stock Market - The New York Times.
• 8 Phenomenal Stocks Warren Buffett Plans to Hold Forever - "Whereas the benchmark S&P 500 has gained a healthy 33,000%, including dividends, since the affably named 'Oracle of Omaha' became Berkshire's CEO, Buffett has overseen just shy of a 5,000,000% aggregate return in his company's Class A shares (BRK.A), as of the closing bell on April 25."
• 9 Points to Guide Your Investments in 2018 - The New York Times.
• 10 Numbers That Show How Hard Coronavirus Hit The Stock Market This Week - "Global markets plummeted this week as fear over the potential impact of the coronavirus outbreak gripped investors. The Dow Jones Industrial Average lost 14%, the S&P lost 13% after falling from a record high just last week, and U.S. Treasury bond yields plummeted to new record lows as traders abandoned risky assets for safer ones."
• 18 books Warren Buffett thinks everyone should read - Business Insider.
• 25 signs you’ve reached financial maturity - "According to a new survey, British people aren’t fully financially mature until the age of 31. But it isn’t all about having a savings account."
• 27 Best Stocks to Buy for 2020 - "There are plenty of reasons to be cautious about the stock market in 2020, but companies like these are likely to pay off."
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• 50-gram CombiBar - "Is There Gold in Your Wallet?" Due to global banking and European currency crises, more and more investors have started to demand a higher number of small bars rather than few larger ones to increase their flexibility in the event of an economic crisis. CombiBars are similar in dimension to a credit card. Their convenient size means that a Combi Bar can be easily and discreetly carried in your wallet. Just like standard bullion, CombiBars and the individual bars from the CombiBars can be sold at any time to precious metal dealers at the current purchasing rates.
• 50 Company Stocks to Watch in 2020 - "The analysts at Bloomberg Intelligence - who track about 2000 companies in sectors including energy, technology, retail and finance - identified those that are poised to release products or services with blockbuster potential in the year ahead, as well those that face unusual challenges. The analysts considered revenue growth, margins, market share, debt, and other factors such as economic conditions, and came up with this list of 50 worth watching."
• 2016 Was the Year Tech Stocks Became Sure Bets - Wired.
• 2017 list of world's top-earning hedge fund managers - Institutional Investor's Alpha.
• 2017's biggest cryptoassets ranked by performance - The Atlas.
• $10,000 a second? Amazon’s results could be amazing - "The retailer’s quarterly figures will have received a huge boost from lockdown sales."
• A healthier option than the Magnificent 7? Meet Europe's 'Granolas' - "Dubbed the 'Granolas,' those 11 companies accounted for 60% of the gains on Europe's benchmark stock index over the past 12 months. They have even slightly outperformed the Magnificent 7 over a longer period, according to Goldman Sachs. The Granolas - an acronym coined by the bank in 2020 to describe Europe's biggest companies by market capitalization at the time - comprise GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L’Oréal, LVMH, AstraZeneca, SAP and Sanofi."
• After Dow 25,000, the Party Has to End. But When? - The New York Times.
• After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors - The New York Times.
• Amazon at 20: some shareholders have gained 49,000pc, others lost 94pc - The Telegraph.
• Analysis: Forget the iPhone 11. This is what investors should really care about - "Apple is unveiling the iPhone 11, but this what investors should really care about."
• Apple becomes first US company to be worth $2 trillion - "Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic."
• Apple is now the world’s most valuable publicly traded company - "It’s now larger than Saudi Arabia’s state-owned oil company."
• Apple Is Worth $1 Trillion; 21 Years Ago It Was on the Brink of Bankruptcy - The New York Times.
• Apple reaches $1,000,000,000,000 value - CNN Money.
• Apple Says It Will Buy Back $100 Billion in Stock - The New York Times.
• Apple's cash reserves swell to $250bn - The Telegraph.
• Apple’s Stock Races Ahead as Investors Bet on New iPhones - The New York Times.
• Are You Ready for the Financial Crisis of 2019? - "Here are five ways things could get bad for everyone."
• As Bitcoin Scrapes $10,000, an Investment Boom Like No Other - The New York Times.
• Australian who says he invented bitcoin ordered to hand over up to $5bn - "US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman."
• Bernard Arnault's Fortune Gets Fresh Lift From Louis Vuitton - "Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods. Arnault surpasses Buffett in wealth again as stock surges."
• Best Investment Since 1926? Apple - The New York Times.
• Billionaires On The Brink: How The Forbes 400 Makes And Loses Billions During Market Crashes - "Meet the billionaire winners and losers of the dot-com bubble, Great Recession and Covid-19 crash."
• Birkin bags have performed better than both the American stock market & the price of gold in the last 35 years - The Telegraph.
• Birkinomics: are these handbags a better investment than bricks & mortar? - The Guardian.
• Bitcoin has soared 60% this year. Meet the new buy-and-hold investment - "Remember bitcoin? It's back. In a big way."
• Bitcoin investors hoping to make billions may end up with a sack of fool’s gold - The Guardian.
• Bitcoin nears $10,000 mark as hedge funds plough in
• Bitcoin price drops below $4,000 after wave of record highs - but what next? - The Telegraph.
• Bitcoin's terrible 2018 doesn't bode well for the future of crypto - "Regulation, factionalism -- has the bubble burst?"
• Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The Horizon - "Billionaire investor Warren Buffett, who told investors earlier this month that he had made a 'mistake' betting on airlines, is continuing to sell stocks amid the coronavirus pandemic, the latest regulatory filing from Berkshire Hathaway shows."
• Buy gold, they say - but how do you sell it? - The Telegraph.
• Celebrities are now giving each other these stocks as gifts - "An NFL star gave his teammates Amazon stock. There's a better gift."
• China's stock market closes at highest level in five years - "Caixin/Markit PMI continues to recover from February trough when coronavirus lockdown was most severe."
• Coca-Cola stock has worst day in decade - "Coke says global slowdown will be a drag on 2019. Stock has worst day in 10 years."
• Commodities markets go 'beserk' amid hopes global rout is receding - The Telegraph.
• Could the creator of Bitcoin become the world's first trillionaire? - Mashable.
• Cryptocurrency Market Capitalizations - CoinMarketCap.
• Diamond Hands - "'Diamond hands' is a slang term that refers to holding a volatile investment even when there's pressure to sell. It's popular with high-risk assets such as cryptocurrency and meme stocks. Despite the humorous intent behind it, there are select situations where it's good to have diamond hands."
• Dissecting Warren Buffett's annual letter - "DealBook Briefing: Berkshire’s Losses (on Paper) in 2018, and Other News from Warren Buffett’s Annual Letter."
• Dividend Yield Data Live For FTSE 100 - "Dividend Yield Live."
• Does Apple's sales slump mean the firm has finally peaked? - "The company’s $1tn valuation has fallen 20% and fewer people are buying its iPhones."
• Dow had its worst point drop ever as stocks tumbled again - "US stocks ended sharply lower on Monday, with the Dow posting its worst point drop in history and falling to its lowest level in nearly three years."
• Dow Hits 29,000 For First Time, Despite Sluggish Jobs Report And Ongoing Tensions With Iran - Forbes.
• Dow theory - the Dow theory on stock price movement is a form of technical analysis that includes some aspects of sector rotation.
• Elon Musk set to cash in at Tesla as deliveries & shares soar - "The boss of the electric carmaker has a $50bn pay package ready to roll if the firm hits a $100bn valuation."
• Facebook & other tech giants 'too big to fail' - "Researchers call for new regulations to protect users, and society, in case of collapse."
• Facebook just had the biggest wipeout in stock market history - CNN tech.
• FANG Stocks - in finance, the acronym "FANG" refers to the stocks of four prominent American technology companies: Facebook (F), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOG). In 2017, the company Apple (AAPL) was also added, causing the acronym to be rewritten as "FAANG."
• First (and Last) Step to Financial Satisfaction? Defining ‘Enough’ - The New York Times.
• Forget Gold, This Precious Metal Is Going Crazy Amid the Stock Slump - "Gold just got left behind by one of its sister metals. After a demand-fueled rally over the past four months that’s seen prices hit successive records, palladium topped gold."
• Fortune’s 2020 Investor’s Guide - "It has been one of the most reliable rules of thumb during the economic expansion: Own the whole stock market, and you’ll reap rewards. But a slowdown could force investors to be more selective."
• George Soros philosophy - and its fatal flaw - The Guardian.
• Global stock market rout leaves world with 57 fewer billionaires 2019 - "Big fall in wealth in China as combined fortunes of ultra-rich dips for first time since financial crisis, says UBS."
• GOLD - THE SURE WINNER! - daily updated Reuter index.
• Gold is back. That's a worrying sign - "Gold has been a dud of an investment for much of the year, but it has started to regain some of its luster. The price of gold is up 3.5% since the start of October. During the same period, the S&P 500 has fallen 6.5%."
• Gold nears an eight-year high 2020 - "Gold prices have soared this year, and some experts think they could eventually pass the all-time high north of $1,900 an ounce."
• Gold Price Chart - "Spot Price of Gold Today & History."
• Gold price hits six-year high as investors await US interest rate cut - "One troy ounce reaches $1,452.60 amid increased US-Iran tensions."
• Gold prices spike to highest level in nearly 8 years on coronavirus fears - "The price of gold, the essential safe haven asset, has climbed above $1,776 per ounce, its highest level in nearly eight years."
• Gold resurgence: who's buying gold & why - The Telegraph.
• Gold Rises After Donald Trump Claims Victory - The Wall Street Journal.
• Gold scales new peak at $2,030 per ounce - "Gold smashed through $2,000 per ounce for the first time ever last night, and is now changing hands at $2,030/oz this morning - comfortably over its previous record set in 2011."
• Harrods sells more gold in wake of Brexit - The Telegraph.
• Has Warren Buffett lost his magic touch? - "Berkshire Hathaway is lagging the market. Will Warren Buffett's fans care?"
• How coronavirus almost brought down the global financial system - "The crisis has brought the economy to a near halt, and left millions of people out of work. But thanks to intervention on an unprecedented scale, a full-scale meltdown has been averted - for now."
• How much gold is there left to mine in the world? - "Last month the price of gold hit a record high, pushing above $2,000 an ounce."
• HOW TECHNOLOGY UNSETTLED THE STOCK MARKET - Wired.
• How to Invest in Whisky | Guide for 2019 - The Spirits Embassy.
• How To Invest Money Based On Advice From Warren Buffett - "How to invest money for beginners can be confusing at best. It’s an important decision with long-term consequences, and everybody seems to have an opinion on the 'best' approach. In this article we’ll turn down the noise and listen to the one voice we can trust - Warren Buffett."
• How to Prepare for a Stock Market Surprise - The New York Times.
• In a new year of economic uncertainty, gold is a bright prospect again - "A no-deal Brexit is only one of many potential threats sending traders fleeing to safe havens."
• In charts: has gold helped or hindered your portfolio? - The Telegraph.
• Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys & The Wall Street Sharks That Feed On Them - "The perfect stock trading app for the videogame generation was supposed to 'democratize finance' with zero-commission trades. But the primary plan was to get rich by selling customer trades to the market’s most notorious operators."
• Inside The $2.5 Trillion Debt Binge That Has Taken S&P 500 Titans Including Boeing And AT&T From Blue Chips To Near Junk - "In the boom years before the pandemic, the Fed encouraged S&P 500 titans to binge on trillions in debt, now the central bank is propping them up to avoid an economic catastrophe."
• Investors 'go bananas' for gold bars as global stock markets tumble - The Telegraph.
• Investing.com - since 2007. "Stock Market Quotes & Finacnial News."
• Irrational exuberance - phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the stock market might be overvalued.
• It’s Probably a Bad Idea to Sell Stocks Because You Fear Trump - The New York Times.
• Ivan Boesky, Wall Street financier who coined ‘greed is good’, dies aged 87 - "Known as ‘Ivan The Terrible’, the risk arbitrage maven fell from glory in one of the biggest insider trading scandals of the 1980s."
• Jeff Bezos’s Parents Gambled on His Big Idea - and Now Could Be Worth Billions - "It may be the most successful venture investment of all time."
• Kraft Heinz share plunge loses Warren Buffett $4bn in one day - "Shares in the food and beverage giant fell nearly 25% in Friday trading, Berkshire Hathaway has been particularly hard hit."
• Lego a 'better investment than shares and gold' - The Telegraph.
• Lessons From The Past: Comparing Stocks During Great Depression To The 2020 Recession - "There has been a lot of talk comparing this economic downturn to the Great Depression of the 1930s. Is this a valid comparison? What might we expect from stocks going forward?"
• Luxury Investments Around the World Compared - infographic - "Do you enjoy the finer things in life? For many of the world’s wealthy individuals, acquiring luxury goods such as art, fine wine, and watches is a passion. Unlike traditional investments in financial assets, luxury goods can be difficult to value if one does not have an appreciation for their form. A rare painting, for example, does not generate cash flows, meaning its value is truly in the eye of the beholder. To gain some insight into the market for luxury goods, this infographic takes data from Knight Frank’s 2021 Wealth Report to compare the preferences of nine global regions."
• LVMH Says It’s Not Seeking To Buy Tiffany & Co Shares On The Market As Doubts Are Cast On The Deal - "French luxury conglomerate LVMH said it will not buy up shares of Tiffany & Co on the market in a bid to get a lower price for the American jeweler, as the company is seeking to renegotiate its $16.2 billion deal for the retailer hard hit by the coronavirus crisis."
• Meet The Investor Who Is Up 62% Amid The Coronavirus Chaos - "With global financial markets erupting in a panic that rekindles memories of the financial crisis era, some traders who were on the frontlines of the credit bust are now enjoying a renaissance."
• Meme Stocks - "Meme stocks became all the rage among retail investors during the COVID-19 pandemic. Meme stocks are created when a company's shares catch fire with individual investors on social media platforms such as Reddit and quickly skyrocket in price. But, as many traditional investors and analysts point out, these viral stocks can be very risky since they rely on high interest from small investors to sustain the stock prices' liftoff 'to the moon.'"
• Microsoft is worth as much as Apple. How did that happen? - "Microsoft’s stock price has nearly tripled since Satya Nadella became chief executive in 2014."
• MSCI World - since 1969. Market cap weighted stock market index of 1,649 stocks from companies throughout the world. The components can be found here. It is maintained by MSCI Inc., formerly Morgan Stanley Capital International, and is used as a common benchmark for 'world' or 'global' stock funds intended to represent a broad cross-section of global markets.
• Norway's oil fund tops 10.000.000.000.000 NOK market value (US$1.092 billion) - since 1996. "We work to safeguard and build financial wealth for future generations." The aim of the oil fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources in the North Sea so that this wealth benefits both current and future generations. The fund’s formal name is the Government Pension Fund Global.
• NOVO NORDISK - manufactures and markets pharmaceutical products and services and was created in 1989 through a merger of two Danish companies dating back to the 1920s. It produces, in particular, diabetes care equipment and medications.
• NOVO NORDISK A/S - "Welcome to Novo Nordisk."
• One of Wall Street’s Most Popular Trading Strategies Is Now Failing - "Machines that decide when to buy and sell are struggling to keep up with central banks and Donald Trump."
• relative strength index (RSI) - technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength.
• Samsung profits set to overtake Apple for first time - The Telegraph.
• Secret of gold finally found - "Precious metals are forged in cataclysmic collision of neutron stars."
• Signs That Apple’s Runaway Growth Is Waning - The New York Times.
• Stock Market Bloodbath: S&P 500, Dow Fall Over 4 Percent On Coronavirus Fears - "The Dow Jones Industrial Average plummeted nearly 1,200 points to close at 26,957 on Thursday, signaling that investor anxiety about the potential impact of the coronavirus continues to worsen despite signs that China’s economic activity is beginning to pick up."
• Stocks Had Their Best Month In 33 Years, But Here’s Why Experts Are Skeptical - "Stocks have skyrocketed since their coronavirus low in late March, but experts are now warning that dismal economic data and lackluster corporate earnings are reasons to be skeptical of the market’s latest rally."
• Stocks Lose Nearly All Gains Under Trump Presidency As Market Falls Another 6% - Forbes.
• Tech stocks aren't a one-way pandemic bet. Look at Snap - "Even as the pandemic dealt an unprecedented shock to companies around the world, some firms found that stay-at-home orders actually helped their business."
• Tesla hits milestone in reporting a profit for its fourth straight quarter - "Expectations had been high following Tesla’s report that it had delivered slightly more than 90,000 vehicles in the second quarter. Tesla’s share price soared 5% on the profitability news, which could qualify the stock for inclusion in the S&P 500 index. Though Tesla’s qualification for the index is not assured, inclusion would probably increase its access to institutional investors."
• Tesla Is Now The World’s Most Valuable Carmaker - "Tesla Takes Over Top Spot From Toyota As World’s Most Valuable Carmaker."
• Tesla is now worth more than Toyota, Disney & Coke - "Elon Musk's electric car business exceeds the value of almost every company in the S&P 500, including some iconic American companies. Shares of Tesla (TSLA) were up 4% in midday trading Wednesday to a new record high of above $1,120 a share. At that price, Tesla's market cap is nearly $210 billion."
• Tesla Stock Is Going Absolutely Bonkers - But Nobody’s Really Sure Why - "About $55 billion of Tesla Inc. shares were traded Tuesday as investors piled into a rally that has doubled the electric-car maker’s stock price since the start of the year."
• The best stock in the S&P 500 is 105 years old - "Apple, Amazon and Nvidia get all the attention on Wall Street, but those alluring tech titans have been left in the dust this year by a 105-year-old air conditioning company."
• The chart that shows why US shares aren't overvalued - The Telegraph.
• The Companies That Gained & Lost The Most Market Value In 2019 - "The stock market’s explosive growth this year - the S&P has risen more than 27% - means that 2019 is shaping up to be one of the best years for investing in recent history, which has been a boon for the leading tech giants that have seen their market caps grow rapidly. But the boom times have also left some competitors behind, among them some of the country’s biggest pharmaceutical, chemical, and consumer goods companies, reflecting changing times."
• The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires - Amazon.com.
• THE FERVOR AROUND BLOCKCHAINS EXPLAINED IN 2 MINUTES - Wired.
• The gold bounce: more to come, or sell now? - The Telegraph.
• The Hedge Fund Genius Who Started GameStop’s 4,800% Rally Now Calls It "Unnatural, Insane & Dangerous" - "In April, Dr. Michael Burry, the hedge fund investor who made millions shorting subprime mortgages during the 2008 crisis and was dramatized by Christian Bale in 'The Big Short,' made a bold play at the depths of the Coronavirus pandemic."
• The most valuable substances in the world by weight - The Telegraph.
• The Only Six Stocks That Matter - The Wall Street Journal.
• The Power of Gold: The History of an Obsession - Amazon.com.
• The precious metal sparking a new gold rush - "Gold once lured prospectors to the American west - but now it's cobalt that is sparking a rush."
• The risky loophole Chinese companies have been using for years - "When investors purchase a stock, what they're doing is buying a percentage of the company. Right? Wrong! At least when it comes to many of the Chinese companies listed on the Nasdaq and the New York Stock Exchange. That's because Chinese companies use a structure called a variable interest entity, or VIE, in order to raise money from foreign investors."
• THE STOCK MARKET LOOPHOLE THAT SCREWS THE LITTLE GUY - Wired.
• The Worst deal Ever - "Fifteen years after Eric Baker was fired from StubHub, the ticketing giant he cofounded, he bought it back for $4 billion—weeks before coronavirus utterly wrecked the business. Revenge isn’t always sweet."
• There are now four $1 trillion companies - "The club of $1 trillion companies just keeps growing. Now there are four."
• There’s Only One Warren Buffett - The New York Times.
• These are the most promising cryptocurrencies right now - Mashable.
• Trading Views - since 2011. "Free Stock Charts & Quoted Online." Network where active traders exchange ideas to maximise profit.
• Turning Off the Autopilot: Fortune’s 2020 Investor’s Guide - "It has been one of the most reliable rules of thumb during the economic expansion: Own the whole stock market, and you’ll reap rewards. But a slowdown could force investors to be more selective."
• U.S. Companies Hold Trillions of dollars of Profits Offshore - The New York Times.
• US stocks surge, erasing 2020 losses - "US stocks rallied again on Monday, pushing the Nasdaq to an all-time high and the S&P 500 into positive territory for the year, signaling growing optimism about the pace of recovery after Friday's better-than-expected jobs report. The Dow (INDU) finished up 461 points, or 1.7% higher. The S&P 500 (SPX) ended up 1.2%, erasing its losses for the year. The Nasdaq Composite (COMP) ended up 1.1%, its first record close since February."
• Venture Capital Is Putting Its Money Into Astrology - "The investment in Big Zodiac seems ... preordained."
• Visualizing 60 Years of Stock Market Cycles - "To give some context on the current stock market cycle, this graphic shows 60 years of bull and bear markets."
• VIX - the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated on a real-time basis by the CBOE, and is often referred to as the fear index or fear gauge.
• Wall Street sets record for longest bull run in history - "Key S&P 500 index passes landmark as it goes 3,453 days without major correction."
• Warren Buffett, in Annual Letter, Offers Hymn to U.S. Economy - The New York Times.
• Warren Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The Horizon - "Billionaire investor Warren Buffett, who told investors earlier this month that he had made a 'mistake' betting on airlines, is continuing to sell stocks amid the coronavirus pandemic, the latest regulatory filing from Berkshire Hathaway shows."
• Warren Buffett’s $1 Trillion Target for Apple Is in Sight - The New York Times.
• Warren Buffett’s Case for Capitalism - "'I’m a card-carrying capitalist,' Warren Buffett said on Saturday at Berkshire Hathaway’s annual meeting - aka 'Woodstock for Capitalists'."
• Warren Buffett's company Berkshire Hathaway sells US airline shares - "Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest US airlines."
• Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders - Amazon.com.
• What Caused the Stock Market Crash of 1929 - And What We Still Get Wrong About It - "In retrospect, the Wall Street crashes of late October 1929 - now known as Black Thursday, Black Monday and Black Tuesday - have often been seen as the beginning of what would become the Great Depression. But just as there was a lot of confusion back then about what was going on, there is still confusion about the effect Black Thursday had on the economy in the years that followed."
• What Crypto Taxpayers Need To Know About FIFO, LIFO, HIFO & Specific ID - "How much you paid for your cryptocurrency (the cost basis) has a major impact on the taxes you pay when you eventually sell them. Understanding how Specific ID, First in, first out (FIFO) & Highest in, first out (HIFO) affect your cost basis could unlock straight forward, easy to implement tax saving opportunities for crypto users."
• Why Coronavirus Isn’t Such Terrible News For The S&P 500 - "With the market already down nearly 15% from its recent high, the coronavirus-triggered plunge may turn into one of the fastest bear markets to hit U.S. stocks ever. But, believe it or not, a passive investment in the S&P 500 may be the best way to ride out and ultimately profit from the storm."
• Why Facebook’s Stock Seems Indestructible - "For more than two years, Facebook has found itself at the center of a string of controversies, from privacy and data concerns to accusations of democracy-destroying behavior and antitrust investigations from the Federal Trade Commission. CEO Mark Zuckerberg has been called to testify in Washington not once but twice over his company’s policies. For most companies, a string of shaky headlines might affect the company’s outlook. For Facebook, the company’s stock continues to rise. After climbing over 50% last year, Facebook’s stock is already up over 5% so far in 2020."
• Why stocks keep moving higher. And higher. And higher - "Why do stocks continue to rise in the face of anxiety about the coronavirus? Ongoing support from the Federal Reserve, a stable outlook for corporate earnings and fear of missing out may have something to do with it."
• Why Tesla's stock is so much cheaper today - "The electric car company completed a 3-for-1 stock split after the closing bell Wednesday. So one share now costs a third of what it did a day ago. Tesla (TSLA) closed around $891 on Wednesday, which means it was trading a little under $300 Thursday."
• Why Warren Buffett Is Winning His $1 Million Bet against hedge funds - Fortune.
• Winklevoss twins are now Bitcoin billionaires - The Verge.
• World economy is sleepwalking into a new financial crisis, warns Mervyn King - "Past crashes spawned new thinking and reform but nothing has changed since 2008 banking meltdown, says former Bank of England boss."
• World's Most Valuable Company - "A much-watched step in the country’s goals to modernize and privatize parts of its economy, its state-owned oil business, Saudi Aramco, raised $25.6 billion in the world's largest IPO ever after pricing 3 billion shares at 32 riyals ($8.53) apiece. The raise beats the largest yet - that of Alibaba’s in 2014 - by about $600 million. It also crowns the company as the most valuable among publicly-traded companies right now."
• You Have Cryptocurrency Questions. We Have Answers - "Cryptocurrency is going mainstream -and becoming increasingly difficult for investors to ignore. Here’s our guide to crypto, and why so many people are talking about it these days." TIME Magazine.