Source: rblfmr / Shutterstock.com Is Lucid (NASDAQ:LCID) stock worth only $3 per share? That’s what RBC analyst Tom Narayan thinks, as he lowered his price target to $3 from $6 this morning. Narayan believes that Lucid has a technological advantage over its other electric vehicle (EV) peers. However, the company has been unable to attract […]
10’000 Hours | Digitalvision | Getty Images In an increasingly digital world, the specter of financial fraud looms large, especially for older adults. My experience with an 81-year-old client offers a stark illustration. While assisting “Emma” (not her real name) with email issues, I witnessed her vulnerability to scams firsthand. Despite my repeated warnings over […]
AerSale (NASDAQ:ASLE) stock is down on Friday after releasing its earnings report for the fourth quarter of 2023. The bad news for ASLE stockholders starts with the aftermarket commercial aircraft seller’s adjusted earnings per share of -2 cents during the quarter. That’s well below the 45 cents per share that Wall Street was expecting. It’s also […]
CostFoto | Future Publishing | Getty Images New York Community Bank has lost 7% of deposits over a turbulent month as customers pulled their money from the regional commercial bank. A new capital infusion of over $1 billion takes the NYCB off the “watch list” for another potential bank failure, according to Sheila Bair, former […]
Source: iQoncept / Shutterstock NewtekOne (NASDAQ:NEWT) just reported results for the fourth quarter of 2023. NewtekOne reported earnings per share of 53 cents. This was below the analyst estimate for EPS of 58 cents. The company reported revenue of $57.53 million. This was 9.18% worse than the analyst estimate for revenue of $63.35 million. InvestorPlace […]
Donald Trump, left, and President Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. BRENDAN SMIALOWSKI | AFP | Getty Images With looming tax law changes slated for after 2025, there’s a lot at stake this election cycle and voters are already seeing plans from President Joe […]
Source: Chompoo Suriyo / Shutterstock.com Successful investor Mario Gabelli attained billionaire status primarily by investing his and his client’s money. He became well-known in the 1980s for making successful picks in media and telecom sectors, and was named Morningstar’s “Portfolio Manager of the Year” in 1997 and received the “Money Manager of the Year” award […]
Konstantin Trubavin | Cavan | Getty Images Investor psychology can be fickle. Consider this common scenario: The stock market hits a rough patch, and skittish investors bail and park their money on the sidelines, thinking it a “safer” way to ride out the storm. However, the math suggests — quite convincingly — that this is […]
In many cases, overlooked value stocks represent a clear mixed bag. Yes, companies that underperform certain benchmarks or expectations are technically “undervalued.” But that doesn’t necessarily mean they’re great deals. On the other hand, the equities sector features thousands of publicly tradable ideas. Practically, it’s impossible to cover them all. The market is not a […]
Westend61 | Westend61 | Getty Images If you have a 401(k) plan — and about 60 million Americans do — chances are you are invested in a target-date fund. In fact, they are the default option for many plans, helping to explain why they make up nearly a quarter of 401(k) plan assets, according to […]