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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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Weekly Outlook: Uncertain Times Ahead?
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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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January Recovery?
For a market rally to take shape, there should be some positive news on multiple fronts. One of which would be the Omicron variant which has caused volatility for the markets for much of the beginning of 2022.The Omicron variant is one of the most concerning to date due to its transmissibility. However, South Africa,…