One of the world's largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven.MercadoLibre, an Argentinian e-commerce and payments platform that's incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly...
Category: Investing
Top Wall Street analysts find these stocks promising for the long haul
As the earnings reporting season draws to a close, many companies were able to deliver solid results despite pressures on consumer spending.Investors seeking stocks that can withstand short-term pressures and deliver over the long term should track the recommendations of top Wall Street analysts.Bearing that in mind, here are three...
Point72’s Steve Cohen is stepping back from trading his own book
Steven CohenAdam Jeffery | CNBC Billionaire investor Steve Cohen is retiring from the trading floor at his hedge fund Point72.The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72, which Cohen converted from S.A.C. Capital Advisors in...
Top Wall Street analysts pick these dividend stocks for attractive returns
September had a bumpy start for investors as volatility jolted markets in the first week, but dividend-paying stocks can help smooth the ride.Investors with a long-term investment horizon can ignore short-term noise to focus on stocks that have the potential to enhance their total portfolio returns through a mix of...
Nvidia is a no-go for over half of this ultra-rich club’s members with assets worth $165 billion
Sopa Images | Lightrocket | Getty ImagesMore than half of Tiger 21's members don't invest in Nvidia, according to a recent asset allocation report released by this network of ultra-high-net-worth investors and entrepreneurs.The network's second-quarter asset allocation report revealed that 57% of its members are not invested in chip darling...