Carson Block, known for his ability to identify overvalued companies to short sell, recently advised investors to consider buying the largest US stocks as the market continues to climb higher due to steady inflows of capital. Despite concerns about high valuations as the S&P 500 Index reaches new records, Block believes that inflows from retirement … Read more
It seems that the once robust Chinese luxury market may be facing some challenges, with changing consumer tastes and a slowdown in the economy impacting spending on luxury goods. The recent stimulus measures announced by the Chinese government have provided some hope for a revival in luxury spending, but analysts are skeptical about whether this … Read more
The stock market is currently near all-time highs, resulting in a low dividend yield on the S&P 500 Index of 1.2%, which may not be appealing to dividend investors. However, there are opportunities to generate higher yields with stocks like Realty Income and Toronto-Dominion Bank. These are considered top high-yield stock picks, but it’s important … Read more
Rivian Automotive (NASDAQ: RIVN) experienced a surge of bullish interest with its IPO on November 9, 2021. The electric vehicle (EV) manufacturer went public at $78 per share, and its stock opened at $106.75 before reaching a peak of $172.01 just a week later. At its highest point, Rivian’s market cap reached $153 billion, which … Read more