Investors hoping that tax cuts and aggressive government spending plans will add another leg to the bull market likely are going to be disappointed, Morgan Stanley argues in an analysis that contends the end of big returns is near.
CIA Director Mike Pompeo traveled to North Korea a few weeks ago to meet Kim Jong Un to prepare for a possible summit with President Donald Trump, according to two people familiar with the matter, raising optimism the meeting could produce a deal.
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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>>>
President Donald Trump is going to Davos for the World Economic Forum — and he’s taking many members of his cabinet with him. Davos is famous for being a gathering of heads of state as well as CEOs and other high-powered corporate executives. Considering Trump’s “drain the swamp” platform, it is a bit eye-raising that he will....More>>>
*For simplicity purposes, I reference the ticker GOOG as the Class C stock throughout the report, which is priced at about $806 as of 1/18/2017. The fundamental valuation principles and investment thesis still apply in the same way as Class A stock.
Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) is a long opportunity capable of generating high shareholder returns over the next 12 to 18 months....More>>>