In the past week:
- The dollar rallied and Bitcoin hit an all-time high, but gold was in retreat. The consumer and producer price indexes showed that inflation persists.
- Some companies are preparing to raise prices if tariffs are enacted. The EV tax credit was on the chopping block.
- Home Depot topped earnings expectations and lifted guidance. Disney earnings were boosted by streaming results. Cisco beat profit expectations despite declining revenue.
- Boeing announced the retirement of a top quality officer and began to lay off 10% of the workforce.
- Walmart announced Black Friday deals on TVs, laptops, jeans, and more. Amazon launched a low-price store.
- Shell won its appeal against a landmark Dutch carbon emissions ruling. Regulators are investigating Honda vehicle engines.
- Nvidia announced a partnership with Softbank. Cigna ended merger talks with Humana. Capri and Tapestry abandoned their merger. Rivian and Volkswagen announced a joint venture.
- Chipotle Mexican Grill named its new CEO. Spirit Airlines prepared for a bankruptcy filing. An activist investor called for a breakup of Honeywell. Berkshire Hathaway bought Domino’s and Pool shares.
One might think the richest man in the world would have a gigantic investment portfolio. Turns out, tech entrepreneur, engineer, and billionaire Elon Musk has most of his wealth in Tesla Inc. (NASDAQ: TSLA) stock and other companies he founded.
Shares of Palantir Technologies Inc. (NYSE: PLTR), a major player in the big data space, have seen a gain of more than 250% so far this year. For buy-and-hold investors who want to know where the stock might be several years down the road, 24/7 Wall St. has done the legwork.
Investors looking to add exposure to top exchange-traded funds (ETFs) have plenty of options to choose from. See three reasons why Schwab U.S. Dividend Equity ETF (NYSE: SCHD) may be worth a look in the current environment.
Archer Aviation Inc. (NYSE: ACHR) is a leader of the nascent EVTOL industry and is planning to commercially launch operations next year. Because its stock is an apolitical one, presidential politics should be no obstacle to shares gaining altitude when its business takes off.
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Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
