Category: Uncategorized

Jim Cramer: Ten ‘up stocks’ to bet on a year-end rally

CNBC’s Jim Cramer on Thursday presented a year-end list of what he calls “up stocks” that investors can buy to bet on a market rally through the end of the year. “We call them up stocks, the ones that go up all the time and barely ever go down,” the “Mad Money” host said. The…
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Coronavirus surge is starting to put consumers on alert

Wall Street forecaster James Bianco warns the new economic lockdowns will hurt the holiday rush. According to Bianco, the fallout from surging coronavirus infections is starting to put consumers on alert due to job market uncertainty — particularly for those who can’t work from home. “Roughly around 30% of the jobs in the American workforce…
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‘Vote with your ballot, not your life savings’: This veteran stock investor is sticking to his strategy no matter who wins the 2020 presidential election

This is the 14th U.S. presidential election in which I’ve been eligible to vote. In the middle of a pandemic, it’s certainly different from the first 13. But one way it’s similar is that people always ask me if they should change their investment strategy depending on whether the Democrats or Republicans win. My quick…
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Goldman Sachs explains how investors can hedge against U.S. election uncertainty

Investors seeking protection against an uncertain U.S. election could park their money in the Japanese yen, an analyst from Goldman Sachs said on Tuesday. Markets have increasingly warmed up to a “blue wave” in the U.S. elections this week. That’s an outcome where Joe Biden defeats Donald Trump in the presidential race, and Democrats win…
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Unemployment claims are down. It’s not all for good reasons

The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department figures issued Thursday. That’s good news for workers and the U.S. economy — thousands of people are returning to work and coming off unemployment rolls. But the headline numbers don’t give the full picture. Some labor-market dynamics…
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Huawei’s nine-month revenue growth slows as U.S. restrictions bite

China’s Huawei Technologies Co Ltd reported a 9.9% rise in nine-month revenue on Friday, as U.S. export restrictions and the global COVID-19 pandemic weakened sales growth in products such as smartphones and telecoms equipment. Revenue reached 671.3 billion yuan ($100.44 billion) over January-September, it said in a statement, without providing a segment breakdown. Revenue grew…
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Indonesia Establishes First Esports Governing Body

Jakarta. Indonesia officially launches its first Esports Association on Saturday to nurture professional gamers and introduce regulations for a potential domestic league.  The newly-established board of executives is chaired by National Intelligence Agency head Budi Gunawan, who immediately expressed his goal to set up a world-class training center. “We have a lot of works to…
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Warren Buffett-backed Chinese car maker announces strong demand for its new luxury electric sedan

BEIJING — Demand for luxury electric sedans is on the rise in China. In just over two months, orders for the “Han” line of electric cars from BYD — a Chinese automaker backed by billionaire Warren Buffett — have topped 40,000, the company disclosed at the Beijing auto show this past weekend.  The luxury sedan was announced…
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This mutual fund may have cracked the ‘Buffett Code’ — Berkshire Hathaway’s secret sauce

For the 55 calendar years from 1965 through 2019, Berkshire Hathaway’s stock rose at an 18.6% annualized pace, versus 11.8% for the S&P 500 SPX, -1.15%  . (Both returns reflect reinvested dividends.) Warren Buffett can take credit for this, and he appears to be very much in charge of Berkshire. But, given that he just…
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U.K. assets are too hot to handle right now, top investors say

Investment heavyweights have warned that international investors will continue to shun the U.K. until the dual threat of a hard Brexit and a Labour government led by Jeremy Corbyn can be completely discounted. Investors have avoided the U.K. amid uncertainty over the country’s future relationship with the European Union. Net outflows since the referendum vote…
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