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By Kuldip K. Ambastha Per the table seen above, the Dow Jones Industrial Average (DJIA) took investors on a volatile ride this week. Down days were seen on Monday and Friday. Up days were seen on the Tuesday, Wednesday, and Thursday in between. This pattern in the DJIA was observed due to the federal government’s …
Continue reading “Government Stimulus and the Dow Jones – Week of March 23-27, 2020”
By Kuldip K. Ambastha This past week was a volatile one in the investment markets, worldwide. “May you live in interesting times” was a quote popularized during the global financial crisis (GFC) era. This same quote applies now as well, in terms of the wild roller coaster ride seen for March 16-20. On a daily …
Continue reading “A Wild Roller Coaster Ride – Week of March 16-20, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Tuesday, February 18, 2020, Franklin Resources, Inc. (BEN) and Legg Mason, Inc. (LM) made big headlines. Legg Mason returned 24.4% for the day, while Franklin Resources (AKA: Franklin Templeton) returned 6.9%. Why? Franklin Resources is buying Legg Mason, in an all-cash deal valued at $4.5 billion. …
Continue reading “What Caught Our Attention in the Investment World? – Week of February 17-21, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On Monday, January 6, 2020, the stock of SmileDirectClub Inc. (SDC) rose by 21.6%. SmileDirectClub specializes in the teledentistry sector, and has its headquarters in Nashville, Tennessee. SmileDirectClub has announced a deal with Walmart Inc. (WMT) to sell its products inside Walmart stores plus on the Walmart …
Continue reading “What Caught Our Attention in the Investment World? – Week of January 6-10, 2020”
By Kuldip K. Ambastha and Anil K. Ambastha On October 22, 2019, Biogen Inc. (BIIB) delivered a 26.1% return for the day. This was the stock’s largest one-day percentage return in 23 years. Its Alzheimer’s drug (aducanumab) had previously been written off as a failure, but now will be getting a second chance at approval …
Continue reading “What Caught Our Attention in the Investment World? – Week of October 21-25, 2019”