January 20, 2021

The Dow Jones under Donald Trump

Ryan Detrick (LPL) has some data on inauguration to inauguration returns for each modern President. The outgoing guy’s numbers were pretty good. He should get some credit (tax cuts fueled increased buybacks + dividends), but not as much as the Fed and Treasury’s response to COVID-19. There are always too many variables to credit or debit a President too much for stock market performance… Here’s LPL...

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Animal Spirits: Micro Bubbles

This week’s Animal Spirits with Michael & Ben is supported by YCharts: Mention Animal Spirits and receive 20% off your subscription price when you initially sign up for the service. We discuss: Why index funds will never cause a bubble Are micro bubbles in small stocks here to stay? Penny stock madness Why anecdotes can’t help you time the market Reddit traders moving markets Why this market is like Boile...

Bullish with a Chance of Civil War

Subscribe! Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Stimulus Priced In? – Did the rocket higher in small caps and cyclical stocks signify all of the optimism about larger federal spending? ►Small caps are up substantially from their lows – now ecl...

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So You Turned $300k Into $3 Million. Now What?

A reader asks: Ben, wanted to get your thoughts on my mother’s situation. She is 83 and has been an aggressive investor over the last 20 years that has turned out very well. She bought Apple in 1999 and Tesla at $35 post-split. She also owns Nvidia and Square. She has turned roughly $300,000 into $3,000,000. All good, right? A few days ago, she couldn’t sleep and sold all but 10% of her stock holdings. She has obvious...

The ‘Burbs

I fully agree with this, from Henry Ellenbogen in this weekend’s Barron’s Roundtable issue: One of the most fundamental trends that will come out of 2020 is that America will spread out. The first suburbanization trend started in 1810. I would argue that we are now in the fifth phase, and it is going to be as powerful, if not more so, than the first four. Knowledge workers are going to be able to separate econ...

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Stocks That Have Paid Uninterrupted Dividends Since 1895

Over the last several years some companies have chosen to not raise their dividend, while others decided to cut their dividend and a few even decided to stop paying a dividend. In some cases their financials did not warrant the change. As investors in dividend growth stocks, we want to look for companies with a positive dividend culture. The key to successfully selecting dividend growth stocks

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Why Bubbles Are Good For Innovation

In the 1970s, researchers at Corning Glassworks developed an astonishingly clear type of glass. Scientists at Bell Labs took the fibers from that glass and sent laser beams down the length of the fibers, using optical signals which worked much like computer coding with zeroes and ones. Mashing these two seemingly unrelated inventions together — clear glass with fibers and lasers — created what is now known as ...

re: Trumpless Twitter

On November 7th, 2013, a stock was born. CNNMoney: Twitter priced its initial public offering Wednesday night at $26 a share. The stock debuted at 10:49 a.m. ET on Thursday on the New York Stock Exchange, and the first trade came in at $45.10 a share. Shares quickly jumped to a high of $50.09 — a gain of 93% over the IPO price — before dropping back a bit to close the trading day at $44.90. A price near $45...

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