Rising interest rates are cooling off the U.S. housing market. The average interest rate on a 30-year mortgage, the most popular U.S. home loan, has risen to 6% for the first time since the 2008 financial crisis. Consequently, mortgage loan applications in the U.S. are down 64% from this time last year. Higher interest rates
Financial Advisor Career: An Overview Taking on the role of a financial advisor provides a range of opportunities that is available in few career fields. Successful financial advisors offer valuable advice to their clients. In return, they get virtually unlimited earning potential, a flexible work schedule, and their choice of professional specializations. The career also
In this article NCR GE AZN-GB UBER IP FDX Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the world. The news has exacerbated fears of a slowing global economy, weighing on shares of
In a situation that appears to be unprecedented, the U.S. is now in cold wars with two other, major powers: Russia and China. And given the huge importance of technology in today’s world, America is also fighting a tech cold war with both of those nations. The struggle has multiple components. Washington is taking steps
Solar power generation is increasing in terms of importance to countries and individuals looking forward to a renewable energy future. For long-term investors, that often means solar stocks are one of the first places investors look for growth opportunities. That said, there are some compelling companies in the solar power generation business that also provide meaningful
Energy shares have pared their gains in September as oil prices have cooled down. The price of Brent crude is now below $94 per barrel. Yet in early March, it had surged over $130.Given the decline of oil prices, investors should identify a number of oil stocks to sell. The global oil market is likely
In this article ADBE DECK WYNN FSR NSC NFLX PYPL HUM ARNC Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and
For short-to-medium-term investors, the markets are at an interesting point. Historically, September has been the worst-performing month for the S&P 500 in terms of average returns. However, November, December and January are among the best months. Therefore, now might be a good time for investors to begin looking for undervalued growth stocks to buy. A
SoFi Technologies (NASDAQ:SOFI) stock has dropped nearly 20% since mid-August, but many remain bullish. In the near term, the bulls believe this fintech firm will see a boost to its results within a few quarters, once the student loan moratorium is lifted. In the long term, they believe shares will keep climbing, as SoFi’s growing
Video-game retailer GameStop (NYSE:GME) seeks to enter into the worlds of cryptocurrency trading and the metaverse, it seems. Is this a sufficient reason to buy GME stock, though? Probably not, as GameStop’s financial results are subpar. Meme-stock traders might not heed this warning, but long-term investors should check GameStop’s fundamentals before taking a position. Reddit users
With Ethereum’s recent overhaul, called “The Ethereum Merge,” developers are looking to mitigate the excessive energy consumption involved in mining cryptocurrencies. The new version of Ethereum, Ethereum 2.0, promises reduced energy use, faster transactions, and lower gas, or transaction, fees. What are the chances of Ethereum 2.0 actually delivering on its promises? Ethereum 2.0 and the
(Click here to subscribe to the Delivering Alpha newsletter.) Inflation, a hawkish Fed, fears of a recession have all made 2022 a tough environment for investing. A traditional portfolio of stocks and bonds is deeply in the red, leaving investors to seek diversity elsewhere. Ares Management, however, has been a beneficiary of the current environment. With hundreds
In this article UNP DHR NEE ARNC NSC CSX Check out the companies making headlines before the bell: Union Pacific (UNP), CSX (CSX), Norfolk Southern (NSC) – Rail stocks are all higher in the premarket following news of a tentative agreement that prevents a rail workers’ strike. CSX – which also named former Ford Motor
Tech stock picks that can beat the market might be a little harder to find than you might believe as the market continues slumping. The stock market started September on downbeat momentum. A temporary rebound ensued. Chances are against the technology sector in staging a sustained rebound. The Federal Reserve will announce its interest rate
The right dividend stock picks can offer a little safety in difficult times. These definitely are difficult times and investors are understandably worried. Economic headwinds persist with war in Europe, global supply chain constraints and inflation that continues to run at 40-year highs in the U.S. This reality continues to gyrate equity markets. After suffering
New York-headquartered FuboTV (NYSE:FUBO) is a sports-focused streaming and wagering company. FUBO stock shot to the moon not long ago, but this probably is not sustainable. FuboTV’s capital position is deeply negative. So, even when FuboTV’s management sets sky-high financial objectives, investors can stay grounded and ignore the hype. Let’s not mince words here. It’s a
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Cathie Wood, Wall Street’s most vocal proponent of deflation, is getting a few high-profile supporters even as price
In this article DHR RYTM NEE Wind turbines at the San Gorgonio Pass wind farm, owned by NextEra Energy Inc., in Whitewater, California, on Wednesday, Feb. 17, 2021. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines after hours. NextEra Energy — Shares fell 3% in extended trading after the company
Amid macro-level uncertainties, figuring out which penny stocks to buy before the bull market returns is probably the last thing on your mind. With stocks taking another dive after the latest inflation numbers, it may seem as if they have plenty of room to fall before hitting a bottom. However, given that it’s near-impossible to
Despite mixed quarterly results, Nio (NYSE:NIO) stock has been on the rise following its Sept. 7 earnings release. The main factor behind this has been a spate of analyst upgrades for shares in the China-based electric vehicle (EV) maker. Confidence is rising again that the company’s production ramp-up will result in a big jump in sales