Stocks hitting their 52-week high and delivering consistent performance in the past few quarters offer attractive opportunities to investors while building a portfolio. This is because stocks near that level are perceived to be winners. However, stocks touching a new 52-week high are often predisposed to profit-taking, resulting in pullbacks and trend reversals. Moreover, given the high price, investors often […]

After U.S. markets closed on Tuesday, Toll Brothers beat earnings per share (EPS) and revenue estimates. The homebuilder topped the EPS estimate by 31% and revenue rose year over year by 7.7%. Guidance for the company’s full-year deliveries was increased to 9,500 to 9,600 units. Shares traded up about 1.1% shortly after Wednesday’s opening bell. Urban Outfitters beat the EPS […]

Save articles for later Add articles to your saved list and come back to them any time. The former chairman of the corporate watchdog said he wanted to end his life after being the subject of a “highly defamatory” advertising campaign by billionaire parliamentary hopeful Clive Palmer. James Shipton, the former head of the Australian Securities and Investments Commission, told […]

Save articles for later Add articles to your saved list and come back to them any time. Insurance Australia Group boss Nick Hawkins says the company will lift premiums in the year to come, blaming rising inflation, reinsurance costs and the possibility of natural disasters, while signalling a profit of up to $1.4 billion for the next financial year. The […]

Save articles for later Add articles to your saved list and come back to them any time. Westpac notched up $1.8 billion in profits in the June quarter, the banking giant said on Monday, as it also reported ongoing pressure from stiff competition in mortgages and rising staff costs. The bank on Monday said its operating revenue had been resilient […]

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep […]

The futures were flat after a risk-off Tuesday that saw all the major indexes finish the day much lower after weak economic data out of China got the sellers’ juices flowing again. China and a host of additional issues, not the least of which will be this Friday’s options expirations, are concerns for investors. With the Nasdaq still up over […]

One category that some portfolio managers avoid discussing, especially in the ESG (environmental, social, governance) era, is the so-called sin stocks. These are companies that sell tobacco, alcohol and marijuana products, run gambling casinos, or are sex-related industries or weapons manufacturers. While at the margin they may not all seem sinful, some money management companies refuse to own any of […]

If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world. His annual Berkshire Hathaway shareholders meeting draws literally thousands of loyal fans who are investors. Known for his long buy-and-hold strategies and his massive portfolio of public and […]