Jamie Dimon, the CEO of JPMorgan Chase, told the attendees at an investor conference that the new Sapphire Reserve credit card is “doing great”. At the same time, he notes that one negative aspect of its popularity is the high cost of acquisition. In the fourth quarter, the card will reduce the company’s profits by roughly $200 million. To the passive observer, these....More>>>
For more than 20 years I have been recommending that investors of all ages put 20% of their equity portfolios into small-cap value funds and/or small-cap value ETFs.
Last year was a great one for small-cap value investors, and those who had taken my advice had ample reason to be glad they had done so.
The average small-cap value fund (including ETFs) gained 26% in 2016. (That’s....More>>>
Today was a sign of a healthy market, Jim Cramer told his Mad Money viewers Thursday, as the much heralded IPO of Snap (SNAP) went off without a hitch. Cramer said there were a lot of things that could have gone wrong today, but didn’t, and that will only help bring more buyers to the stock market.
What could have gone wrong? Cramer said investors only need to remember the IPOs of Facebook....More>>>
The biggest "fat pitch" of this decade is no longer a fat pitch… I've been MAXIMUM BULLISH on housing since the bottom of the housing bust. I don't know another analyst who has been more bullish on this one since the beginning. That changes today – somewhat, at least. Don't get me wrong… I'm still extremely bullish on U.S. residential....More>>>
President-elect Donald J. Trump’s decision to pick Steven Mnuchin, a former Goldman Sachs partner, as the next Treasury Secretary is driving hopes on Wall Street that government sponsored mortgage giants Fannie Mae and Freddie Mac will be privatized in the new administration. “We’ve got to get them out of government control,” Mnuchin told Fox Business News on Wednesday morning....More>>>