The Utilities Select Sector SPDR Fund (XLU) ETF has done well this year, helped by the strong growth of most utility companies. It has jumped by almost 30%, outperforming the Vanguard S&P 500 (VOO) and the Invesco QQQ ETF (QQQ) ETFs. This performance is encouraging since utilities have not done…
Since its origins in 1911, IBM has mostly been a leader in the tech industry, reaching control of 70% of the global computer market by 1970. In the two decades that followed, IBM was the largest listed company in the US, showcasing the shift from industrial dominance to tech dominance.…
Government bonds are no longer paying what they did a few months ago as the Federal Reserve starts cutting interest rates. The 10-year yield has dropped from 5% in 2023 to 4.075% today, while the 30-year and the 5-year have moved to 4.38% and 3.88%, respectively. This trend may continue…
Uber Technologies (UBER) stock has done well this year, surging by over 28% and reaching its all-time high. It has risen by 146% in the past five years, giving it a market cap of $166 billion, making it the biggest mobility company in the world. Uber has achieved this growth…
The Vanguard Dividend Appreciation Fund (VIG), WisdomTree US Quality Dividend Growth (DGRW), and the iShares Core Dividend Growth (DGRO) are some of the most popular dividend-focused ETFs in Wall Street, with $102 billion, $15 billion, and $30.7 billion in assets, respectively. Good ETFs with solid performance As their names suggest,…
The JPMorgan Equity Premium (JEPI) and JPMorgan Nasdaq Equity Premium Income (JEPQ) ETFs have done well this year and are sitting at their all-time highs. The JEPQ fund soared to $55.30 on Friday, up by over 74% from its lowest point in 2023. Similarly, the JEPI fund approached the key…
Remitly (RELY) stock has underperformed the market this year, falling by over 22% even as the Nasdaq 100 and S&P 500 indices have soared by 20%+ and moved to their all-time highs. It remains 47% below its highest level in 2023 and by 72% from its all-time high, bringing its…
Small cap companies have underperformed their large-cap peers in the past few years as most of them have struggled in a high-interest-rate environment. For example, the S&P 500 index and the Nasdaq 100 have had total returns of over 72% in the last five years, while the Russell 2000 index…
Philip Morris International (PM.N), British American Tobacco (BATS.L), and Japan Tobacco (2914.T) have reached a proposed settlement of C$32.5 billion ($23.6 billion) to resolve a long-running legal dispute in Canada. The settlement comes after nearly a decade of litigation, following a 2015 Quebec court ruling that awarded damages to over…
Apple’s potential entry into the bitcoin market has sparked considerable discussion following remarks by Michael Saylor, CEO of MicroStrategy. In a recent podcast, Saylor suggested that Apple should allocate $100 billion towards bitcoin rather than pursuing a stock buyback. He argued that this move could bolster Apple’s market capitalisation, driving…