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The Fed Hikes Rates
For the first time since back in 2018, the Federal Reserve has increased the key benchmark interest rate by 25 basis points. It is worth noting that in 2018, the S&P 500 had a year-end return of -6.24%, which was the worst return since the 2008 financial crisis. Looking at this, it appears that Wall…
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Amazon Stock Split and Buyback Bonanza
Amazon has just announced that the Board of Directors has approved a 20-for-one stock split. In addition, the company has agreed to buy back approximately $10 billion worth of shares. Both these positive sources of news have sent the stock rocketing upwards after hours 7% to a price of $2,989 per share as of 4:52…
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Finding Solitude in Oil?
The world is a crazy place right now. The US stock market is no different. The S&P 500 is down almost 9% YTD while the Nasdaq is down more than 14%. However, not all firms have suffered losses in value in 2022. The Energy Select Sector SPDR Fund (XLE) is up nearly 19% for the…
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Snapchat’s First Net Profit Ever
It continues to remain a volatile time for the markets and investors must be vigilant around inflationary pressures and rate hikes. However, Snap Inc. reported some extremely well-received Q4 earnings today. Most noteworthy of all? They made $22.6 million in net profit. While it may appear small, it is Snapchat’s first net profit ever. They…
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Nasdaq Correction
The Nasdaq 100 has officially entered correction territory. The index is down more than 10% from recent highs. So time to panic right? Not exactly. I would argue now is the best time to purchase equities in the index. Some large-cap technology stocks have taken huge hits. While it is easy to justify the selling…
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Federal Government Site for Free Covid-19 Tests is Operational
Americans were able to order free COVID-19 tests on the new federal government website a day early. While COVIDTests.gov was expected to start accepting orders on January 19th, an “Order free at-home tests” button was added on the 18th, which brings users to Usps.com/covidtests to order four at-home free tests. In addition, the US government is going to be giving out free N95…