Investing
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‘I’ve inherited a house from my deceased aunt in San Francisco. She rented the basement to an older couple for years without a lease.’ Can I evict them?
I’ve inherited a house in San Francisco from my aunt. My aunt had rented her basement to an older couple (probably illegally) for a few years for below market rates. I don’t believe there was a lease, and it is probably against the building code to have tenants in the basement. The couple’s family is…
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Beware the Great Rotation
CHAPEL HILL, N.C. (MarketWatch) — The most cited bullish argument these days, at least among the couple of hundred investment advisers I monitor, is that the stock market will “melt up” as investors sour on bonds and transfer the trillions they have in fixed-income mutual funds into stock funds. I suppose it is conceivable. But…
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JPMorgan CEO Jamie Dimon working to raise more support for First Republic: WSJ
First Republic Bank fell to an all-time low Monday as questions about its balance sheet and financial health sharply knocked down the stock, even as reports surfaced of prospects for fresh capital. JPMorgan Chase & Co. JPM, +1.06% Chief Executive Jamie Dimon is working to raise additional capital for First Republic, the Wall Street Journal…
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Law firm in talks with Credit Suisse bondholders about potential lawsuit after $17 billion wipeout
A white-shoe law firm is working with Credit Suisse bondholders to pursue “possible legal actions” after the value of convertible bonds issued by the bank was written down to zero following the takeover of the Zurich-based lender by crosstown rival UBS Group. Los Angeles-based Quinn Emanuel Urquhart & Sullivan said in a press release Monday…
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Bitcoin at ‘redemption arc’ as banking pressures rise, says AllianceBernstein
[]Cryptocurrencies are experiencing a “redemption arc,” as bitcoin rallies and investors keep a close eye on pressures in the U.S. banking system, according to analysts at AllianceBernstein. []Bitcoin BTCUSD, -0.63% tumbled harder than other major assets last year, but has rebounded sharply this year. []The recent turmoil in the banking sector, from the collapses of…
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Biden issues first veto of presidency over attempt to change ESG rules
President Joe Biden on Monday vetoed an attempt to change rules in retirement plans that dictate how much managers consider climate change, corporate board diversity and other factors when picking stocks and funds. It was the first veto of his presidency. Biden in a statement said fiduciaries “should be able to consider any factor that…
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Car companies stuck in slow lane
CHAPEL HILL, N.C. (MarketWatch) — Don’t bother. That, in essence, is the consensus opinion of the automobile industry from the top performing advisers I monitor. There are many other sectors that they believe to be far more attractive. To come up with what the top performers are saying, I relied on the criteria I utilize…
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Foot Locker stock falls as weak guidance overshadows plan to expand sneaker line and relaunch core brand
Foot Locker Inc. stock fell 3.9% Monday, after the sporting goods retailer’s softer-than-expected guidance weighed against a solid quarter and plans to expand its sneaker line. The New York-based company FL, -5.68% posted net income of $19 million, or 20 cents a share, for the fiscal quarter to Jan. 28, down from $103 million, or…
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My top 3 penny stock patterns [cheat sheet]
Stocks tend to move in 3 patterns. The way I visualize this is in breakdowns, continuation patterns (bull flag / pennant), and breakouts. Breakdowns and breakouts are my favorites because they present the most volatility and range in both directions. To better understand Japanese candlestick patterns I recommend The Candlestick Course. Fishhook (a.k.a. Breakdown) chart…
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ESG, ‘dirty money’ and tax benefits: Customized ‘direct-indexing’ portfolios aren’t just for the rich anymore.
A new kind of index investing is “direct indexing” — a customized basket of stocks that tracks the benchmark of the investor’s choosing. This bespoke approach offers many benefits, including tax-loss harvesting and the ability to tailor a portfolio to one’s preferred style factors or priority issues, such as environmental, social and governance (ESG). Direct…