The stock market is so hot that I'm struggling to wrap my mind around the numbers. As of this writing, the Nasdaq Composite Index (NASDAQINDEX: ^IXIC) is up 30% in 2024. According to MacroTrends, the Nasdaq Composite Index has gone up by 30% or more in 13 other years since 1972 (the index's first full year)...
Continue ReadingFor Q3 2024, the Voya Corporate Leaders Trust Fund outperformed its benchmark, the S&P 500 Total Return Index on a NAV basis. Click here to read the full commentary...
Continue ReadingA pair of behemoths in the retail space, both Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) have been strong winners in 2024. There's no doubt that Amazon has had a major influence on Walmart over the years. Its online retail platform and logistics network created an existential challenge for Walmart that led the latter company to transform itself into the largest grocery store in the country...
Continue ReadingDespite a rapidly changing tech landscape, few investors are likely to dispute the assertion that Apple (NASDAQ: AAPL) stock will remain a long-term winner. While its artificial intelligence (AI) capabilities may not receive as much attention as those of Nvidia or Palantir, its massive resources, improving technology, and customer loyalty will likely keep the company a major force in its industry for some time to come. Knowing those attributes, investors may have trouble reconciling the investment case for Apple, considering that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold a large chunk of its shares...
Continue ReadingTesla stock fell while the market rallied on Friday. “To me, [ Tesla stock] was wildly overbought and long hedge funds needed a reason to take some profits,” says cofounder and Tesla shareholder Gary Black. Coming into Monday trading, Tesla stock was up about 69% year to date and about 67% since the Nov. 5 election...
Continue ReadingUnder his leadership, Berkshire Hathaway's share price has grown at 20% annually since 1965. Consequently, many investors avidly track the stocks Buffett is buying and selling with SEC Forms 13F. "In my view, for most people, the best thing to do is to own the S&P 500 index fund," Buffett said at Berkshire's annual meeting 2021...
Continue ReadingFor the quarter, the Voya Large Cap Growth Fund underperformed its benchmark, the Russell 1000 Growth Index on a NAV basis. Click here to read the full commentary...
Continue Reading(Updates with Amazon's response in the last two paragraphs.) Amazon.com (AMZN) employees at seve...
Continue ReadingTarget reported its Q3 FY24 results where its revenue grew 1.0% YoY to $25.68B. Click here to find out why I downgrade TGT stock to a hold...
Continue ReadingIn the third quarter, the Lazard US Equity Concentrated Portfolio outperformed its benchmark, the S&P 500 Index. Click here to read the full commentary...
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