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Skip to content TRADING NEWS UK Trading News For Traders & Investors * Trading News * Crypto Currency News * Investment News * About Us * Contact Us Trading News UK Trading News For Traders & Investors Main Menu * Trading News * Crypto Currency News * Investment News * About Us * Contact Us TRADING NEWS FOR TRADERS & INVESTORS Welcome to the trading news website where you can get the latest stock market, investment, Forex, and Crypto Currency news plus financial advice and tips from the best websites online including the Financial Times, Bloomberg, Forbes, Reuters, Forex Live, Daily FX, Crypto News, Coin Desk and many more websites. In an ever-evolving global economy, staying ahead of the curve is essential. This website is designed to provide you with timely, and comprehensive coverage of the latest market trends, breaking news, and insightful analysis from the best websites. Whether you are an experienced trader, a seasoned investor, or just beginning your financial journey, our goal is to provide you with access to the information you need all from one easy-to-use website. We hope you find this website useful if you have any questions, suggestions or feedback Contact Us NORWEGIAN AIR TO BUY REGIONAL PEER WIDEROE FOR $106 MILLION INVESTING Investing22m ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL KEY WORDS: BLACKROCK CEO LARRY FINK COMPARES BITCOIN TO DIGITAL GOLD AS ETF APPLICATIONS AT SEC STACK UP BlackRock Chairman and CEO Larry Fink sounds more enthusiastic about bitcoin now that his firm is seeking regulatory approval for a spot bitcoin ETF. MARKET WATCH Market Watch1h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : MEDMEN APPOINTS ELLEN DEUTSCH AS CEO MedMen Enterprises Inc. CA:MMEN, the struggling U.S. cannabis retailer, on Wednesday appointed Ellen Deutsch as its new chief executive, and said Amit Pandey would become its new chief financial officer on July 24. Deutsch succeeds interim chief executive... MARKET WATCH MARKET PULSE market Watch Market Pulse12h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL NETFLIX HITS HIGHEST LEVEL IN 17 MONTHS. HERE'S WHAT THE PROS ARE SAYING Pros on CNBC discussed Netflix after the stock reached its highest level since February 2022 following an upgrade from Goldman Sachs. CNBC INVESTMENT NEWS CNBC Investment News12h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL ADVISOR SATISFACTION WITH FIRMS HINGES ON TIME SPENT WITH CLIENTS: J.D. POWER Despite a decade of firms investing in technology to automate back-office busy work, many financial advisors feel as if they still don’t have enough time to spend with clients. In a survey of 4,183 employee and independent financial advisors by J.D... INVESTMENT NEWS Investment News12h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : FED’S WILLIAMS: ‘I AGREE WE HAVE MORE WORK TO DO’ This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news. MARKET WATCH HEADLINES Market Watch HeadLines12h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL FIDELITY CASH MANAGEMENT ACCOUNT (CMA) REVIEW If you need a traditional checking account or want to earn the most interest possible, this account isn’t what you’re looking for. But the Fidelity Cash Management account is an ideal place to park large amounts of cash. And for some, it may have enough... MONEY CRASHERS money crashersJuly 3 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL THOMSON REUTERS SECOND-QUARTER 2023 EARNINGS ANNOUNCEMENT AND WEBCAST SCHEDULED FOR AUGUST 2, 2023 Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO , June 29, 2023 /PRNewswire/ -- Thomson Reuters (NYSE, TSX: TRI) announced today its second-quarter 2023 earnings will be issued via news release on Wednesday, August 2, 2023 . Steve Hasker... REUTERS NEWS Reuters NewsJune 29 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL WHAT IS DOGECOIN? AS THE VERY FIRST MEME COIN, DOGECOIN WAS CREATED WAY BACK IN 2013 AS A COMMUNITY-BASED ALTERNATIVE TO INDUSTRY GIANT BITCOIN. ONE OF THE CORE IDEAS BEHIND THIS CRYPTO WAS TO KEEP THINGS SIMPLE... WALL STREET SURVIVOR wall street survivorJune 13 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL RETIREMENT CONTRIBUTION LIMITS WILL RISE IN 2019 Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019. CNN CNNNov 1, 2018 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL EUROPEAN SHARES DROP AS RATE HIKE JITTERS WEIGH; EMBRACER SLIPS INVESTING Investing27m ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : THE STUNNING GAP BETWEEN HOW MUCH AMERICANS EARN AND HOW MUCH THEY NEED TO FEEL ‘FINANCIALLY SECURE’ High inflation, interest rates and housing costs are making Americans feel financially insecure, a new Bankrate survey found. MARKET WATCH Market Watch5h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : BANK OF AMERICA PLANS 9% DIVIDEND INCREASE Bank of America Corp. BAC said Wednesday that it plans to increase its dividend to 24 cents a share, from 22 cents a share, beginning in the third quarter. That’s subject to board approval, the bank said. Bank of America also reiterated that it continues a “dialogue” with the Federal... MARKET WATCH MARKET PULSE market Watch Market Pulse12h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : FED WILLIAMS SAYS SOME OF THE LAG FROM PAST RATE HIKES CAN BE FELT AFTER ‘A YEAR OR TWO’ This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news. MARKET WATCH HEADLINES Market Watch HeadLines13h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL 401(K) LAWSUIT OVER ESG IS A SIGN OF THE TIMES The first lawsuit over ESG in a 401(k) has officially been filed. In the highly litigious realm of employer-sponsored retirement plans, where copycats have been riding lawyer Jerry Schlichter’s coattails to settlements and big paydays for the better... INVESTMENT NEWS Investment News13h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL THESE S&P 500 STOCKS ARE TRADING AT A DISCOUNT AS THE SECOND HALF GETS UNDER WAY The S&P 500 surged more than 15% to start the year, marking its biggest first-half gain since 2019 — when it jumped more than 17%. CNBC INVESTMENT NEWS CNBC Investment News15h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL TRADESTATION REVIEW — AN ADVANCED PLATFORM FOR SEASONED TRADERS TradeStation offers a high-end trading experience for seasoned traders, with no trading commissions, unique asset types, advanced research tools, and robust platforms. Despite its power, it might not be the best choice for beginners or passive investors. ... MONEY CRASHERS money crashersJuly 3 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL THOMSON REUTERS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE IMAGEN LTD. NEW YORK , June 28, 2023 /PRNewswire/ -- Thomson Reuters Signs Definitive Agreement to Acquire Imagen Ltd. Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, announced today that it has signed a definitive... REUTERS NEWS Reuters NewsJune 28 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL BEST STOCKS TO BUY NOW: JUNE, 2023 If you want to know what the best stocks to buy now are…. If you want to know which stocks are likely to go up this week…. After 40 years of investing experience, I hate to burst your bubble but, I don’t think anybody really knows. I am pretty sure that... WALL STREET SURVIVOR wall street survivorMay 26 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL HEDGE FUND VERITION JOINS RUSH TO DUBAI FINANCIAL HUB INVESTING Investing42m ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : THREADS DEBUTS TO CRUSH OF USERS AND A QUESTION: HOW DO I IMPORT FOLLOWERS FROM TWITTER? Albeit slow under a crush of curious digital onlookers, Meta Platforms Inc.'s new app instantly created a buzz. MARKET WATCH Market Watch6h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : EXXON STOCK DROPS AFTER ENERGY GIANT SAYS THAT NAT GAS PRICES LIKELY TO BE A DRAG ON Q2 PROFITS Exxon Mobil Corp. XOM said late Wednesday it expects lower natural-gas prices to dial down its second-quarter profits for its upstream, or exploration and production, business. Changes in gas prices are expected to shave off between $2.2 billion and $1.8 billion from the... MARKET WATCH MARKET PULSE market Watch Market Pulse12h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL : S&P 500, NASDAQ COMPOSITE END 0.2% LOWER This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news. MARKET WATCH HEADLINES Market Watch HeadLines13h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL HOW TO FIRE PROBLEM CLIENTS Breaking up is hard to do. And it’s even harder for financial advisors who feel the need to cut ties with an active client. As any advisor will quickly admit, it’s not easy landing a new client. Most investors of means are already spoken for and the mere idea of... INVESTMENT NEWS Investment News13h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL THESE ENERGY INVESTMENTS SPIN OUT ATTRACTIVE INCOME, EVEN AS OIL PRICES HAVE FALLEN Energy has fallen from its 2022 superstar status, but income-focused investors may still find some opportunities in the space. CNBC INVESTMENT NEWS CNBC Investment News15h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL CAN ANYTHING POP THE EVERYTHING BUBBLE? Risky assets are proving extraordinarily resilient to threats ECONOMIST EconomistYesterday RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL TASTYTRADE REVIEW — AN ONLINE PLATFORM FOR ACTIVE TRADERS Tastytrade is an excellent online brokerage for experienced, active traders, though its lack of support or education makes it inappropriate for everyone else. But even for the semi-pros, it isn’t perfect, so research it well before making it your platform of... MONEY CRASHERS money crashersJune 29 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL THOMSON REUTERS CORPORATION SIGNS DEFINITIVE AGREEMENT TO ACQUIRE CASETEXT TORONTO , June 26, 2023 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (NYSE / TSX: TRI), a global content and technology company, today announced it has signed a definitive agreement to acquire Casetext, a California... REUTERS NEWS Reuters NewsJune 27 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL REMITLY REVIEW: IS REMITLY THE BEST WAY TO SEND MONEY? Sending money internationally can be a challenge. Currency exchange rates, delivery difficulties, service fees, regulatory requirements, and other burdens can make it extraordinarily difficult to send even a nominal... WALL STREET SURVIVOR wall street survivorMay 25 RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL EXCLUSIVE - RAIFFEISEN DELAYS QUITTING RUSSIA AS AUSTRIA DEFENDS TIES - SOURCES INVESTING Investing1h ago RSS FACEBOOKTWITTERPINTERESTLINKEDINEMAIL Show more Trading News UK For Traders And Investors Scroll to Top * rss Investing NORWEGIAN AIR TO BUY REGIONAL PEER WIDEROE FOR $106 MILLION 22M AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Market Watch KEY WORDS: BLACKROCK CEO LARRY FINK COMPARES BITCOIN TO DIGITAL GOLD AS ETF APPLICATIONS AT SEC STACK UP BlackRock Chairman and CEO Larry Fink sounds more enthusiastic about bitcoin now that his firm is seeking regulatory approval for a spot bitcoin ETF. 1H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss market Watch Market Pulse : MEDMEN APPOINTS ELLEN DEUTSCH AS CEO MedMen Enterprises Inc. CA:MMEN, the struggling U.S. cannabis retailer, on Wednesday appointed Ellen Deutsch as its new chief executive, and said Amit Pandey would become its new chief financial officer on July 24. Deutsch succeeds interim chief executive Edward Record, who will keep serving as a non-executive member of MedMen’s board, the company said. A 20-year veteran of Hain Celestial Group Inc. HAIN, Deutsch most recently worked as senior vice president of market development and shared services at the cannabis company Acreage Holdings Inc. ACRHF. The announcements come after MedMen’s prior CFO resigned last month, and as it tries to shrink operations and cut costs. Shares were unchanged after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. 12H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss CNBC Investment News NETFLIX HITS HIGHEST LEVEL IN 17 MONTHS. HERE'S WHAT THE PROS ARE SAYING Pros on CNBC discussed Netflix after the stock reached its highest level since February 2022 following an upgrade from Goldman Sachs. 12H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Investment News ADVISOR SATISFACTION WITH FIRMS HINGES ON TIME SPENT WITH CLIENTS: J.D. POWER Despite a decade of firms investing in technology to automate back-office busy work, many financial advisors feel as if they still don’t have enough time to spend with clients. In a survey of 4,183 employee and independent financial advisors by J.D. Power, 38% said they don’t have enough time to spend with clients. Of that group, 41% said they spend more time each month on “non-value-added” chores like compliance and administrative tasks. Advisors are questioning how committed their firm is to providing the resources they need to succeed, said Craig Martin, executive managing director and head of wealth and lending intelligence at J.D. Power. Employee advisors who feel as if they don’t have enough time for clients rank 27 points lower on J.D. Power’s Net Promoter Score, which measures advisor satisfaction on a scale of -100 to 100. Independent advisors who feel this way scored 30 points lower. “In difficult market conditions like the ones we’ve been experiencing for the past several years, great investment advisors set themselves apart by proactively addressing their clients’ needs, delivering comprehensive guidance and communicating clearly and frequently about the issues that matter most to their clients,” Martin said in a statement. “Right now, many advisors are struggling to find the time to deliver the level of hands-on service they know is critical to growing their business.” When it comes to overall satisfaction among employee advisors, Wells Fargo Advisors ranked the lowest. Wells Fargo Advisors Financial Network was scored the lowest among independent advisors. James Craven, head of advisor experience at Wells Fargo Advisors, said the firm is working to exceed advisors’ expectations of the firm. “Our transformation has been focused on making it easier for advisors to do business with us, which ultimately provides for a great client experience,” Craven said in a statement. The company didn’t respond additional questions about how the firm is helping advisors spend more time with clients. Commonwealth received the highest satisfaction scores from independent financial advisors, which CEO Wayne Bloom attributed to collaboration between the firm and its advisors, and a focus on providing technology that gives advisors more time to do what they want. “We’ve often considered ourselves time merchants,” Bloom said. “Time is our advisors’ most valuable commodity.” Little things like technology integration that only requires advisors to enter client data once, or integrating reporting technology with calendar and CRM software to automate reports, help advisors accomplish their required tasks better and faster, he added. “Whether you want to grow by bringing in new clients, improve service among existing clients, or go play golf — whatever you want to do, we want to give you that time,” Bloom said. Stifel scored the highest among employee financial advisors. CEO Ron Kruszewski said that the company service model for advisors helps them avoid the “bureaucratic morass” that J.D. Power revealed in its study. “Today, service models have become very offshore, digital-type things that are very frustrating both to advisors and clients,” Kruszewski said. “Our model is … answer the phone, fix problems and have a culture where people are empowered to fix problems, not go to some bureaucracy, and I think that’s what this survey is telling us.” However, some advisors think the issue with time is less the fault of their firm and more about advisors simply not taking advantage of the abundant time management, coaching and practice management resources available to them. “It’s a matter of priority. Some advisors want to live the life of luxury but not put in the appropriate work in advance,” said Wes Battle, a senior financial advisor with Serving Those Who Serve, an independent firm affiliated with Raymond James Financial Services. “The hard truth is if they truly don’t have time for clients, then they either need to hire or invest in their practice and stop doing a disservice to their clients.” [More: Bank of America earns highest marks for retail bank financial advice: J.D. Power] HOW DO THE WORLD’S TOP ATHLETES MAKE WINNING DECISIONS? SPORTSWRITER SALLY JENKINS EXPLAINS 12H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Market Watch HeadLines : FED’S WILLIAMS: ‘I AGREE WE HAVE MORE WORK TO DO’ This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news. 12H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss money crashers FIDELITY CASH MANAGEMENT ACCOUNT (CMA) REVIEW If you need a traditional checking account or want to earn the most interest possible, this account isn’t what you’re looking for. But the Fidelity Cash Management account is an ideal place to park large amounts of cash. And for some, it may have enough checking-like features to replace your existing account. The post Fidelity Cash Management Account (CMA) Review appeared first on Money Crashers. JULY 3 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Reuters News THOMSON REUTERS SECOND-QUARTER 2023 EARNINGS ANNOUNCEMENT AND WEBCAST SCHEDULED FOR AUGUST 2, 2023 Conference call and webcast scheduled for 8:30 a.m. EDT TORONTO , June 29, 2023 /PRNewswire/ -- Thomson Reuters (NYSE, TSX: TRI) announced today its second-quarter 2023 earnings will be issued via news release on Wednesday, August 2, 2023 . Steve Hasker , president and chief executive officer, JUNE 29 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss wall street survivor WHAT IS DOGECOIN? AS THE VERY FIRST MEME COIN, DOGECOIN WAS CREATED WAY BACK IN 2013 AS A COMMUNITY-BASED ALTERNATIVE TO INDUSTRY GIANT BITCOIN. ONE OF THE CORE IDEAS BEHIND THIS CRYPTO WAS TO KEEP THINGS SIMPLE AND FUN AND OFFER INDIVIDUALS WHO MAY NOT OTHERWISE BE ABLE TO ENTER THE MARKET A MORE AFFORDABLE OPTION. THE RISE OF DOGE While investors weren’t keen to take this joke offering seriously, an audience quickly grew and soon Doge was being used as a tradeable asset on crypto exchanges like Kraken. While it didn’t actually hold any value from its inception in 2013 all the way until 2020, it still had a large enough following and function within the niche that it held its position as one of the biggest industry names for many years. In fact, Dogecoin regularly came second to Bitcoin in user sentiment, even when alternatives like Ethereum were creating innovative products and services and thousands of altcoins were burning bright and fading out at record speed. Doge was initially widely used as a way to show support within online communities – for example, comments were awarded on platforms like Reddit and Twitter via Dogecoin tips, and this fostered a strong bond for users who may not have otherwise been able to afford crypto or even have the intention of entering the niche. Where Bitcoin and similar stablecoins function on market demand and volatility, Dogecoin has a more inflationary sentiment, in the sense that it encourages users to swap, share and spend their coins as opposed to driving investors to keep hold of them for the potential for long-term gains. WHAT’S BEEN HAPPENING RECENTLY TO CAUSE CONCERN? In 2020, Dogecoin really came into its own as a viable asset. At its most popular, its market cap hit around $85 billion (in 2021), but 2022 saw a decline that has led to a decrease in value, bringing it to just $10 billion in 2023. While this is a significant drop, capitalisation is still attractive enough for investors and the community to continue to use Dogecoin, but now should be the time when its developers are thinking about its potential outside of being a faster payment network. One of the factors causing concern throughout the wider community is the fact that Doge hasn’t been updated since 2019 and therefore it isn’t looking likely that anything is going to change any time soon. Fans could argue that Bitcoin itself hasn’t largely increased in function since its inception yet still holds the highest value and standing among investors, whereas others could point out that the vast capabilities and potential of Ethereum (not to mention advances in technology) is leading crypto consumers to expect far more from their chosen assets. As of mid 2023 the Dogecoin price is currently sitting at around $0.07175 per token. THE FINAL VERDICT While Dogecoin isn’t likely to reach significant values like it once did, it still has an incredibly strong presence in the crypto environment that sees it continuing to hold favor for the future. Dogecoin is still widely accepted as one of the top 10 cryptocurrencies in the world for example, and in many ways, its name alone is enough to keep its audience engaged. A supporting statistic for this is that in December 2021, there had been over 76 million transactions using Dogecoin since it was released. From this, it is easy to see that there are plenty of users actively engaging with the currency and using it to transact – and this is something that shouldn’t be overlooked. Having said this, there is a strong possibility that relying on its branding and past performance alone could ultimately prove to be its downfall. The reason for this is that, if the developers are not willing to move with the times and expand its functionality, things will continue to decline. At the very basic level, this meme coin needs to seek wider adoption from merchants to be able to hold its own with the ever-growing level of new competitors hitting the market and the innovative projects and diverse potential that seems to be a prevalent need for consumers, traders and investors in the current climate. The post What is Dogecoin? appeared first on Wall Street Survivor. JUNE 13 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss CNN RETIREMENT CONTRIBUTION LIMITS WILL RISE IN 2019 Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019. NOV 1, 2018 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Investing EUROPEAN SHARES DROP AS RATE HIKE JITTERS WEIGH; EMBRACER SLIPS 27M AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Market Watch : THE STUNNING GAP BETWEEN HOW MUCH AMERICANS EARN AND HOW MUCH THEY NEED TO FEEL ‘FINANCIALLY SECURE’ High inflation, interest rates and housing costs are making Americans feel financially insecure, a new Bankrate survey found. 5H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss market Watch Market Pulse : BANK OF AMERICA PLANS 9% DIVIDEND INCREASE Bank of America Corp. BAC said Wednesday that it plans to increase its dividend to 24 cents a share, from 22 cents a share, beginning in the third quarter. That’s subject to board approval, the bank said. Bank of America also reiterated that it continues a “dialogue” with the Federal Reserve to understand differences between the Fed’s results and the bank’s own Dodd-Frank Act stress-test results. Shares of Bank of America rose 0.3% in the extended session Wednesday after ending the regular trading day 0.4%. Major U.S. banks went through stress tests last week and several raised dividends and share buyback programs in the aftermath. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. 12H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Market Watch HeadLines : FED WILLIAMS SAYS SOME OF THE LAG FROM PAST RATE HIKES CAN BE FELT AFTER ‘A YEAR OR TWO’ This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news. 13H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Investment News 401(K) LAWSUIT OVER ESG IS A SIGN OF THE TIMES The first lawsuit over ESG in a 401(k) has officially been filed. In the highly litigious realm of employer-sponsored retirement plans, where copycats have been riding lawyer Jerry Schlichter’s coattails to settlements and big paydays for the better part of a decade, it was all but expected. Nor was it surprising that the plaintiff law firm in this case set its sights on a big target — American Airlines, which as of 2021 sponsored a nearly $27 billion 401(k) plan. And of course, it isn’t a shock that the case alleges that the 401(k) plan participants suffered because of ESG. In the current environment, ESG has been politically vilified to critical-race-theory levels — that is, a boogeyman has been established to scare, and rile, the voter base. Something as seemingly innocuous as using climate-risk data to help inform investment decision-making has been called no less than a threat to democracy. If you’d asked me a few years ago, I would have said that plan sponsors might well be sued because they didn’t consider ESG factors and therefore neglected an aspect of their fiduciary duty. But a lot can change in a short amount of time. And I suspect that more people than ever have opinions about ESG, though it’s safe to say that very few are well-informed about how asset managers — sustainable or otherwise — use ESG data. INSTITUTIONAL INVESTORS In the world of retirement saving, it’s hardly a new consideration, at least on the institutional side. Pension plans, which generally have a high level of investment acumen behind them, have been taking ESG considerations into account for many years. On the 401(k) side, ESG remains all but nonexistent, thanks in part to waffling stances across administrations at the Department of Labor. This year, a new rule went into effect that allows — but does not require — plan fiduciaries to consider ESG factors. Nonetheless, change happens at a glacial pace in the defined-contribution business, as plan fiduciaries are notoriously risk-averse. Litigation has played a big part in that, and employers — aware that they’re potential targets — are ever vigilant about slight missteps that could cost them in court. As lawsuits over the past few years show, fiduciaries have been targeted for having funds that are either not the lowest cost available or not the strongest performing ones on the market. The trend hasn’t been all bad, as the wall of class-action lawsuits over the past decade has encouraged plan sponsors to opt for low-cost share classes or investment vehicles, which has benefited plan participants. STIFLING OTHER CHANGES Conversely, the threat of litigation has likely discouraged plan sponsors from considering things like sustainable investment options, which is a disservice to employees who are saving for retirement. That’s because environmental, social and governance data add to the information that asset managers have to assess risk and opportunity. While sustainable funds lagged their standard peers last year in net returns, that trend appears to be reversing, driven by ESG-themed funds’ higher exposure to tech stocks, which are performing well, and lower exposure to energy holdings, which are not doing as well. And surely, climate change and human rights are broad issues that plan participants should at least have the option of considering, regardless of financial performance. But the lower returns on average that sustainable funds saw in 2022 provided critics of ESG with ammunition. However, an assertion that ESG is bad for investment returns is too simplistic. There are times when sustainable funds outperform and other times when they underperform. And there are many funds that use ESG data strategically but are not sustainable products. THE CASE The lawsuit, which names American Airlines, Fidelity Investments Institutional, the plan administrator, and Financial Engines, an investment advice provider, as defendants, alleges that dozens of funds available to plan participants “pursue nonfinancial and nonpecuniary ESG policy agendas” and “have underperformed compared to other similar investment funds.” However, unlike many 401(k) lawsuits that focus on investment returns, this one doesn’t say anything about the performance of the individual funds. Nor does it specify whether the full roster of funds was included in the plan menu or was merely available through a mutual fund window. “It’s such a broad, superficial type of argument,” said Bonnie Treichel, chief solutions officer at Endeavor Retirement, adding that she “wouldn’t give it a strong chance of proceeding.” The defendants will likely argue that plaintiffs have failed to plausibly allege a breach of fiduciary duty, with the general claims about ESG-related performance not amounting to much, she said. “These are probably just legal conclusions couched as factual allegations that the court will likely dismiss,” Treichel said in a separate email. But it’s also worth noting that the plaintiff firms in this case — Sharp Law and Hacker Stephens — appear to be new to the arena of Employee Retirement Income Security Act litigation. The fiduciary obligations differ substantially for investments on the core menu versus those in a fund window, with the latter requiring monitoring of the brokerage provider rather than each individual investment, Treichel said. Although the DOL rule regarding ESG in retirement plans is now in effect, that likely won’t play a role in the case, as the class period goes back to 2017, she noted. The politicization of ESG probably has a lot to do with why such a case was filed this year. But if ESG data are material to risk and return — which proponents have long argued they are— a case could be made for fiduciaries to at least consider them. “If there really is something of a financial impact, shouldn’t you be evaluating that?” Treichel said. “That’s the real question.” HOW DO THE WORLD’S TOP ATHLETES MAKE WINNING DECISIONS? SPORTSWRITER SALLY JENKINS EXPLAINS 13H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss CNBC Investment News THESE S&P 500 STOCKS ARE TRADING AT A DISCOUNT AS THE SECOND HALF GETS UNDER WAY The S&P 500 surged more than 15% to start the year, marking its biggest first-half gain since 2019 — when it jumped more than 17%. 15H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss money crashers TRADESTATION REVIEW — AN ADVANCED PLATFORM FOR SEASONED TRADERS TradeStation offers a high-end trading experience for seasoned traders, with no trading commissions, unique asset types, advanced research tools, and robust platforms. Despite its power, it might not be the best choice for beginners or passive investors. The post TradeStation Review — An Advanced Platform for Seasoned Traders appeared first on Money Crashers. JULY 3 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Reuters News THOMSON REUTERS SIGNS DEFINITIVE AGREEMENT TO ACQUIRE IMAGEN LTD. NEW YORK , June 28, 2023 /PRNewswire/ -- Thomson Reuters Signs Definitive Agreement to Acquire Imagen Ltd. Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, announced today that it has signed a definitive agreement to acquire Imagen Ltd. JUNE 28 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss wall street survivor BEST STOCKS TO BUY NOW: JUNE, 2023 WHAT IS IT? PROS CONS IS STOCK ADVISOR WORTH IT? PROS CONS IS RULE BREAKERS WORTH IT? PROS CONS IS ALPHA PICKS WORTH IT? PROS CONS IS HOME RUN INVESTOR WORTH IT? PROS CONS IS SEEKING ALPHA PREMIUM WORTH IT? PROS CONS IS ZACKS PREMIUM WORTH IT? ZACKS ULTIMATE PROS CONS IS ZACKS ULTIMATE WORTH IT? PROS CONS IS MORNINGSTAR INVESTOR WORTH IT? PROS CONS IS STOCK ROVER WORTH IT? If you want to know what the best stocks to buy now are…. If you want to know which stocks are likely to go up this week…. After 40 years of investing experience, I hate to burst your bubble but, I don’t think anybody really knows. I am pretty sure that nobody has a crystal ball, not even ChatGPT, that can tell you which stocks are going to have highest return in the next few days. I can tell you however, which stock newsletters have the most success in the short-term and long-term of picking profitable stocks. And more importantly that just picking profitable stocks, I can tell you which newsletter has the best record of BEATING THE S&P500. When it comes to investing in the stock market, you really have 2 choices. You can put your money into mutual funds and S&P500 ETFs and hope that you can get the market’s historical 10% return over time. Or, you can manage your own stock portfolio and try to beat the S&P500. This article is for those investors that want to beat the market consistently by buying the best stocks year after year. I can’t tell you which stocks to buy, but I can tell you where to find the best stock newsletters and what their recommendations are to help you beat the market. While some stock market newsletters claim to have fantastic returns over the last few decades and others claim their models have been “back-tested” for 40 years or more, the important think for YOU is to know which services are performing well right now in the current market conditions. Here is a sneak peak of some of the most popular stock newsletters’ performance of their 2023 stock picks (about 6 months worth) and their last 12 months of picks.: The winner is easy to see as they won in all 3 categories of returns of their last 6 months of picks, returns of their last 12 months of picks, and their overall Winning Percentage. It is the Motley Fool Stock Advisor. HOW TO FIND THE BEST STOCKS There are many stock picking subscription services that claim to beat the market and make you rich. Beware of those that offer these “get-rich-quick” schemes as the only ones getting rich are the ones selling the service. We prefer the get-rich-slowly strategies that have proven over time to help individuals build their wealth. A 2023 study by Dave Ramsey confirmed that most millionaires build their wealth by investing consistently in the stock market year after year. Most stock picking services occasionally beat the market, but we want to find the ones that beat it consistently. We want the ones that keep putting up the big numbers year after year, not the one’s that have a few homeruns but mostly strike out. It takes more than just scouring SEC filings to find the best stocks to buy and sell. We’ve subscribed to a bunch of different services over the years in hopes of finding one or more that can truly deliver the kind of research, recommendations, and actionable insights (also known as “good ideas”) that can elevate an average investor into a Buffett-esque returns. And we have found a few! * The Motley Fool Stock Advisor claims to be up 489% since inception in 2002 vs the S&P500’s 129%. * The Motley Fool Rule Breaker claims to be up 225% vs the market’s 103% since inception in 2004. * Seeking Alpha Premium claims their Quant Rating has yielded an average annualized return of 27% since 2010. * Seeking Alpha Picks claims to already be up 22% vs the market’s 11% after just launching its service less than a year ago in July 2022. Over time, we’ve come to discover that all of these services fall into one of two different categories: * stock picking platforms that tell you what to buy/sell and when to buy/sell it, and * stock research platforms that provide the information you need for a more informed do-it-yourself approach. There’s some overlap, of course, but every platform leans one way or another. Stock picking platforms may include some research and analysis, for example, and stock research platforms may have their own proprietary star rating or grading system, but they usually won’t tell you what to buy or sell. Since all of these platforms and services fall into one of two distinct camps, comparing them all against one another would be like comparing AAPLs and ORANs, so it makes more sense to split them up—after we take a second to appreciate that AAPLs and ORANs joke. Man, sometimes we really impress ourselves. So here are the rules: We’re going to talk about a bunch of different services and platforms that we split up by category. We’ll talk about what they are, what they do, what their pro/con lists look like, and throw in any kind of performance data we can get our hands on. We aren’t going to tell you what to buy or sell, but we are going to give you a nice, firm shove in the right direction. BEST SOURCES OF STOCKS TO BUY We’re constantly evaluating the best places to get stock picks. Our list of stock pickers and stock research platforms below is reevaluated and updated monthly, so we can let you know about stellar services as soon as we do. These best stocks to buy now lists are current as of June 2023. LET’S HEAR IT FOR OUR STOCK PICKERS First up is the stock picking services. These services tell you exactly which stocks to buy and sell, and when. MOTLEY FOOL STOCK ADVISOR The Motely Fool is neither foolish nor particularly motley. The firm is staffed by a bunch of investors and finance professionals—hardly motley—and you wouldn’t think a bunch of fools would be able to pull off the kind of long-term performance that the talented folks at the Fool have put up over the years. Ok, yes, the Motley Fool is named after a Shakespearean character who spoke truth to power even when that truth was deeply unpopular. And yes, they’ve dedicated themselves to providing the truth as they see it no matter how unpopular it might be. They buck trends. They value fundamental analysis and realistic thinking. They’re a bunch of smart, talented people who have put their considerable abilities to work in the service of providing investors with the best data, research, and analysis that their big old brains can muster. But none of that is funny. The Motley Fool Stock Advisor is the Motley Fool’s flagship product. Since 2002, they have released 2 unique stock recommendations a month and 2 lists of the Best 5 Stocks to Buy Now. So they tell you what to buy, and they also tell you when to sell it. For the last 20 years, it has been the best source of stocks to buy. Here is a chart dated April 28, 2023 that shows the performance of their recommended stocks to buy versus the S&P500 since inception. Not too shabby, right? Its performance speaks for itself. No other service has even come close to matching these returns. Let’s stare at this chart for a minute. From the very beginning in 2002 their stock picks started outperforming the market as you can see from the blue line above. Their picks really spiked in 2020 and early 2021 and had a correction in late 2021 like most stocks did. But now look at the last part of the chart, from 2022 and early 2023 their picks are returning to their upward trend line. Your first thought has got to be “are these returns really possible?” Well, we set out to validate these stated returns. We subscribed in January of 2016 and we gained full access to all of their picks going back to 2002. We then calculated the average return of all 500+ picks thru 2023, and we can now confirm the average return of all of their picks is correct! The secret to the Stock Advisor portfolio’s success is quite simple. The Motley Fool’s team has an excellent record of picking a few key stocks each year that double or triple each year. Here is a screenshot dated June 4, 2023 from our portfolio of one of their 2020 picks to prove the point: They recommended Tesla (ticker TSLA) back on January 2, 2020 and we bought 60 shares at $28.69 (split adjusted). So that $1,700 is now worth $16,467 for a gain of 859% and a profit of $14,751 in 2.5 years. Many of their picks simply become market leaders like AMZN, DIS, TSLA, TTD, SHOP, etc. that turn into 1,000+% returns. They use some combination of fundamentals, consumer, and economic trends to find companies before everyone else does. When you sign up for the Stock Advisor service you get access to all past and present stock recommendations, as well as a nice smattering of research, commentary, and community features. It isn’t cheap, but the service’s history strongly suggests that all you have to do is follow their advice, wait, and cash out when the time is right. * Started in 2002 and they have over 500,000 subscribers * Strong historical performance (With over 500 stock picks since 2002, the average return of all 500 of their picks is 462% compared to market’s 125% as of June 3, 2023) * They tend to pick a few stocks each year that double or triple, and they pick a few that never really move * They make investing easy with 2 buy recommendations a month * And they also tell you when to sell * Very affordable at $199 per year; and they frequently offer discounts * Not much interaction required * With so many subscribers and friends of subscribers, their stocks really pop the few days after they release their picks so you really need to subscribe to get the alerts in real-time * They recommend you build a portfolio of at least 25 stocks and you plan on holding the stocks for at least 5 years * You really need to buy equal dollar amounts of all of their picks to get their super returns as you don’t know which ones will the ones that double or triple Recent Motley Fool Stock Advisor Picks Here are just a few of their recent picks (they won’t let me share too many): * May 4, 2023 they re-recommended TSLA and it is already up 33% since then. * April pick of VEEV and PAYC are up 6% and 1% * March picks of RBLX and CRWD are down 11 and up 22% * February picks of ACN and KNSL are up 11 and 19% * January picks of NOW and DGX are up 1 and 50%. The Motley Fool’s Stock Advisor service is great value when you consider their track record. With over 20 years of a picks and an average return of all of their stocks of 462% vs the market’s 125%, no other service even comes close. Just scroll up and look at my January 2020 Tesla trade! Currently new subscribers can get their $199 service for the first year for just $89. > New Motley Fool Subscribers can save $110 and try 12 months of their stock > picks for just $89. MOTLEY FOOL RULE BREAKERS The second service we’re looking at is the Motley Fool’s Rule Breakers. It’s their second most popular stock picking service—just behind Stock Advisor—and it’s been around for almost as long as its big brother. First established in September 2004, the Rule Breakers service ironically follows most of the rules that the Fool first set forth in Stock Advisor. The team follows the same ethos, picks two stocks each month, and is run and operated by pretty much the same folks. The main difference between Stock Advisor and Rule Breakers is one of focus. Stock Advisor tends to pick companies that are flying under the radar but are still solid, well-established businesses. Rule Breakers, on the other hand, is primarily interested in companies that they believe have huge growth potential in emerging industries. Rule Breakers’ choices are a bit more risky on just about every level, though that risk is balanced out by the potential returns for any stock they pick that performs as predicted. Case in point: The numbers aren’t as great as Stock Advisor’s. Let’s just get that out of the way. But again, that’s kind of the point, isn’t it? Stock Advisor is meant to deliver slower, more even returns across all of its recommendations. Rule Breakers delivers more losses, true, but its best recommendations take off like rocket ships. A full 139 of the recommendations made in Rule Breakers have delivered 100%+ returns, and some of them have grown by a factor of almost 10,000%. That’s not too shabby. * Solid historical performance * Easy to use and follow * Recommendations are well researched/reasoned * Currently discounted by $200 * Have to hold stocks for a long time * Riskier recommendations than Stock Advisor The Motley Fool normally charges $299 per year for Rule Breakers, which is a little steep—but right now you can get a yearlong subscription for just $99. At that price point, there’s really no reason not to subscribe. The portfolio’s put up great numbers over the years, and it shouldn’t be too hard to make more than $1.90 a week using their recommendations. So yeah, it’s worth it. SEEKING ALPHA ALPHA PICKS Seeking Alpha’s Alpha Picks is a stock selection service that gives you two stock recommendations a month—much like the Motley Fool’s services. The people at Seeking Alpha use a proprietary data-driven scoring system designed to find stocks that will appeal to more conservative investors, with the general idea being to find long-term plays that can deliver significant returns over time without putting the principal investment at too much risk. The process is guided by what they call their Quant model, which is essentially a big, complicated set of data-driven rules, algorithms, and a bunch of other complex stuff that all comes together to find the best stocks for any given investing style. Stocks have to maintain a Strong Buy Quant rating for at least 75 days before they even qualify for Alpha Picks. They also have to maintain a market cap of over $500 million and a share price of over $10, must be traded as common stock only, and have to be the highest rated stock at the time of selection. In other words, Alpha Picks aren’t picked all willy nilly. There’s an impressively rigorous process behind the service, and you can see how well it’s worked out for them in this graph: The portfolio itself changes more quickly than the ones the Motley Fool maintains. They have the same “new pick every two weeks” formula, but they’re much more willing to let go of losers than the Fool. Alpha Picks checks and rechecks the Quant ratings of every stock in the portfolio at the beginning of each month. Any stocks that have dropped to Sell or Strong Sell ratings are sold off and have all the “cash” reinvested in the next portfolio rebalance (which is another whole thing), same with any accrued dividends. Stocks that are on Hold status for more than 180 days are also sold, which definitely helps reinforce the ideal of constant forward progress and price appreciation that Seeking Alpha follows. When a stock in the Alpha Picks portfolio has more than doubled in price, it gets moved to a new category with a new set of rules. Stocks that make it to this “Good-to-Great” category sort of gain an extra life, so to speak—if their ratings fall to Sell or Strong Sell, they aren’t sold off entirely at the start of the month. Instead the portfolio only sells off the initial position and leaves the rest of it intact. If the stock gets another Sell or Strong Sell flag and doesn’t have twice the value of the initial investment, however, the initial rules take effect and the stock is sold off. * Great for buy-and-hold investors * Strong performance with minimal risk * Fairly transparent quantitative rating system * Returns aren’t quite as big as some other services * Takes a bit more interaction than similar services Seeking Alpha is a great company with a lot of brainpower behind it. Their Alpha Picks portfolio hasn’t been around for all that long, and it hasn’t returned the kind of explosive growth that you can find elsewhere, but it’s still a solid bet. It’s definitely worth checking out, especially considering the fact that it’s only $99 for the first year right now. So go. Go now. ZACKS HOME RUN INVESTOR Zacks Investment Research is another firm that uses a proprietary set of algorithms and quantitative rating methods to find and recommend stocks. The firm was started by a guy with a Ph.D. in mathematics from MIT way back in 1978, and it’s been doing its thing very successfully ever since. According to their website, Zacks Home Run Investor is another managed portfolio-style service that “targets under-the-radar companies with over-the-top potential.” It sounds similar to both the Motley Fool and Seeking Alpha, but with a bit of a twist. Unlike those other firms/services, Home Run Investor focuses on small- and mid-cap companies, not established ones. It tends to ride trends in industries for as short or as long a time as necessary, which means its time frame for holding/selling stocks is more like 6 to 18 months as opposed to Motley Fool and Seeking Alpha’s 5+ year timeframe. Zacks uses its original (though presumably updated and upgraded) Zacks Rank system to find the stocks, which has historically worked out well for the portfolio and for Zacks as a whole. It’s anyone’s guess as to how the Zacks Rank system works, but the proof is in the pudding: Zacks is fairly tight-lipped about their portfolios’ performance, though we do know that to be considered a Home Run Investor stock it has to be rated with at least 50%, 100%, 200%, or more growth potential. We also know that Home Run Investor has only been around since 2011, but in that time it’s already picked more than 100 stocks that delivered double and triple-digit gains while they were held by the portfolio. And while we don’t have the exact performance data for all of Zacks Home Run’s picks, their money back guarantee shows just how confident they are. Zacks is so confident in its ability to pick winners that it will give you a full refund on your subscription fees if they don’t manage to outperform the S&P 500 during a given stock holding period. * Active portfolio with quick turnovers * Proven quantitative underpinning * Includes a bunch of research and Zacks Investor Collection * Active portfolio with quick turnovers * Requires a lot of interaction * Not great for long-term investors If you subscribe to Zacks Home Run Investor right now, you can get a 50% or 35% discount on a 1-year or 6-month subscription, respectively. That evens out to $149 a year or $99 for 6 months. Zacks hasn’t stayed in business this long by being bad at what they do. And yes, the subscriptions are a bit pricier than a lot of other services—especially at full price—but you have to remember that the portfolio is meant for much shorter holding periods than the likes of the Motley Fool’s or Seeking Alpha’s. You might need to hold the Motley Fool’s picks for 5 years or more, whereas you’d only need to pay 1 or 2 years-worth of dues to realize returns with Zacks Home Run. So GO. Go check it out. And get rich. RESEARCH AND DESTROY Now, let’s dive into our second category: Stock research platforms that utilize their proprietary stock ranking systems to help you with your research, but don’t tell you exactly what to put in your portfolio. SEEKING ALPHA PREMIUM Sure, they’re Seeking Alpha, but are they finding it? Yes. Turns out they are. Seeking Alpha Premium is the bigger, better, more expansive version of their Alpha Picks service. Signing up gets you access to a ton of premium content including analyst ratings, analyst performance stats, stock Quant ratings, stock dividend grades, and a whole lot more. Seeking Alpha’s main bread and butter is their crowdsourced stock research and analysis. Thousands of investors and financial professionals contribute their own analysis on whatever interests them every month—way more than any one person could read. That’s great on its own, but it barely scratches the surface of what Seeking Alpha Premium has to offer. We could take a lot of time to talk about Seeking Alpha’s wide range of features. They have a lot going on. This is a piece about stock research platforms, however, so let’s just focus on that aspect of what Seeking Alpha does. Take a look at the graph below. Remember those Seeking Alpha Quant ratings we talked about earlier? Well, this is what it looks like when you apply their Quant rating system across the entire market and graph the performance of the ones they rate “Strong Buy.” As you can see, Seeking Alpha’s Quant ratings are no joke. They know what they’re doing. If you did nothing but follow Seeking Alpha’s ratings you’d stand to make some huge gains. It works the same way in the other direction, too. The above graph shows how all of Seeking Alpha’s Quant-rated “Sell” or worse stocks significantly underperformed the S&P 500. In other words, when Seeking Alpha says “Sell,” you’d be smart to follow their lead. * Highly accurate Quant ratings * Huge amount of research and analysis * Community features * Way more information than one person can handle * Tough to pick which “Strong Buy” stocks to buy Seeking Alpha Premium is currently on sale for $4.95 for 1 month, then $239/year after that. It’s not cheap, but it isn’t that expensive either when you consider the amount of useful information you’ll get from the site. If the numbers are any indication (hint: they are), then subscribing to Seeking Alpha and following its recommendations is a terrific investment. Their Quant system is as accurate as it is complicated, and it’ll point you in the right direction no matter what kind of investor you are. ZACKS PREMIUM Zacks is proud to tell you all about how the picks using the Zacks Ranks system have recorded average gains of 24.52% per year between 1988 and 2023. That’s an average of almost twice as much as the S&P 500. Zacks has a bunch of stock picking services, but those are more like branches sprouting off of the big old Zacks tree. There’s a lot more gold in them hills, and you have to pay to play. If you want to subscribe to Zacks proper, you’re going to need to pick between two tiers: Premium and Ultimate. Premium is the cheaper of the two tiers, though you shouldn’t be thrown by its relatively low price point. Make no mistake, Zacks Premium comes with more than its fair share of goodies. First and foremost: Zacks Premium gets you access to Zacks #1 Strong Buy list, which is exactly what it sounds like. Zacks #1 Strong Buy ranked stocks have beaten the market by over 23% per year on average since 1988, as you can see below. Premium membership also comes with equity research reports, Zacks Industry Rank (a tool that divides stocks and ranks them within 250 different industries), earnings filters, pre-built stock screeners, and more. Like we said, it’s a lot. * Lots of research and info * Great stock screeners * Industry rank list for specialized investing * Not exactly cheap Zacks Premium is worth it. Right now it’s $249 per year, but you can get a 30-day free trial to see if it’s something you really want to spend your money on. Really though, is there a better use for your money than a service that’s proven to provide profitable research and recommendations? Get it. Get on it. This is the Ultimate Zacks experience, which means it’s basically just an upgrade to Premium. You get all the Premium and basic features, plus access to the full slate of Zacks Investor Collection portfolios (essentially just managed portfolios like Zacks Home Run and so on). Most of what you get when you subscribe to Ultimate is the ability to check out a bunch of their more esoteric and successful managed portfolios. There are portfolios for alternative energy companies, an AI-driven portfolio called Black Box Trader, some blockchain, commodity, and counter-market portfolios, plus a bunch more. * Lots of managed portfolios with a ton of ideas and research * Access to all of Zacks’ content * Bragging rights(?) * Very expensive * Doesn’t include enough to legitimize price point If you have a massive portfolio already and are just looking for new ideas then sure, Zacks Ultimate might be worth it to you. If not? No. No way. Yes, there’s a lot of good info and recommendations in there. Yes, Zacks is very good at what it does. And yes, you’ll probably make money if your portfolio is big enough to absorb the expense. What expense? Oh, just $299 per month or $2,995 per year. Granted, they are offering a 30-day trial for $1, so it’s worth checking out at least, but come on. MORNINGSTAR INVESTOR Morningstar is one of those companies that doesn’t need to advertise, because other companies do it for them. If you look through as many stock research and picking services as we have, you’ll find that most of that research comes from one place: Morningstar. That’s right. Other companies will sell access to Morningstar’s research and call it one of their very own perks. If you subscribe to Morningstar Investor, you’ll quickly see why it’s such a big deal. They have over 150 independent analysts—all of whom are industry veterans—who are constantly cranking out deep, fundamentals-driven research and analysis on pretty much every stock you can think of. Investor memberships give you access to all the current, past, and future research that they’ve produced, as well as a massive list of Morningstar ratings on securities, individual managers, socially and environmentally conscious investments, and pretty much anything else that’s remotely related to investing. How good are these ratings? That good. Morningstar’s 5 star-rated companies don’t outperform the market by chance. Analysis has shown that their rating system is so good that they have statistically significant explanatory power for the future performance of stocks. Or, to put that in human words, they’re real good. * Recognized for research and rating industry-wide * Incredibly diligent and accurate research and recommendations * Huge library of research and analysis to check out * Mostly good for value investors * Tons of information to sift through If you’re a scholar, a value investor, a smarty-pants, etc. then Morningstar Investor is worth it. Right now, they’re offering a 7-day free trial—more than enough time to convince you—and then offer monthly and annual memberships at $34.95 and $249, respectively. STOCK ROVER Stock Rover is a stock screening and analysis platform that’s been getting a lot of attention lately. Why? Easy. Their screener functionality is unmatched across the industry, their portfolio management and analysis features are kind of insane, and—most relevant here—their Stock Rover Research Reports give you in-depth and up-to-date information on over 7,000 different stocks with just a couple of clicks. They don’t do a whole lot of predicting or rating, so we don’t have any great performance charts for you, but that doesn’t mean you have to take our word for any of this. Their free memberships give you a remarkable amount of access to all their best features, so there’s no reason not to pop in and explore. * Powerful screeners * Advanced portfolio management * Innovative interface * You’ll need to follow the tutorials to figure it out A free membership to Stock Rover is absolutely worth it, and so is subscribing to one of the higher paid tiers. Right now you can get a Stock Rover Essentials membership for just $7.99/month or $59.99 for your first year, which is kind of insane considering how much you get for the money. CONCLUSION There are tons and tons of different stock rating, research, and picking services out there. A lot of them—like the ones on this list—are well worth your time and money. So go ahead and try some free trials and maybe a cheap membership or two so you can figure out which ones are the best and the best for you in particular. And the second we hear about any services that are better, we’ll be the first to let you know. The Motley Fool’s next pick comes out this Thursday! Click here to their next pick in real-time! The post Best Stocks to Buy Now: June, 2023 appeared first on Wall Street Survivor. MAY 26 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Investing HEDGE FUND VERITION JOINS RUSH TO DUBAI FINANCIAL HUB 42M AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Market Watch : THREADS DEBUTS TO CRUSH OF USERS AND A QUESTION: HOW DO I IMPORT FOLLOWERS FROM TWITTER? Albeit slow under a crush of curious digital onlookers, Meta Platforms Inc.'s new app instantly created a buzz. 6H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss market Watch Market Pulse : EXXON STOCK DROPS AFTER ENERGY GIANT SAYS THAT NAT GAS PRICES LIKELY TO BE A DRAG ON Q2 PROFITS Exxon Mobil Corp. XOM said late Wednesday it expects lower natural-gas prices to dial down its second-quarter profits for its upstream, or exploration and production, business. Changes in gas prices are expected to shave off between $2.2 billion and $1.8 billion from the quarterly results, Exxon says. Scheduled maintenance and lower seasonal gas demand are also drags, the energy giant said. Exxon has not set a firm date for its second-quarter results but is seen reporting in late July or early August. Analysts polled by FactSet expect Exxon to report adjusted EPS of $2.28 a share on sales of $91.1 billion in the quarter, which would compare with adjusted EPS of $4.14 on sales of $115.7 billion in the second quarter of 2022. Shares of Exxon dropped 0.9% in the extended session Wednesday after ending the regular trading day down 0.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. 12H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Market Watch HeadLines : S&P 500, NASDAQ COMPOSITE END 0.2% LOWER This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news. 13H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Investment News HOW TO FIRE PROBLEM CLIENTS Breaking up is hard to do. And it’s even harder for financial advisors who feel the need to cut ties with an active client. As any advisor will quickly admit, it’s not easy landing a new client. Most investors of means are already spoken for and the mere idea of signing all those papers to move an account will often spook a potential client back to his or her current advisor — even an underperforming one. Inertia, alas, may ultimately be the most powerful force in the wealth management industry, ranking up there with compound interest. Bringing on new clients is also not inexpensive. According to a 2020 Kitces Research survey of more than 800 financial advisors, the average total cost for a financial advisor to acquire a new client is a hefty $3,119. That said, the report’s author, Michael Kitces, notes that a significant portion of that amount is the “time cost” to the financial advisor themselves, an average of $2,600 worth of time spent, or 83% of the total cost of client acquisition, while only $519 is typically spent on hard-dollar marketing costs. In other words, talk is not cheap when it comes to customer acquisition, so the decision to cut bait on a client is not one to be made lightly. “Often, the reason for firing a client comes down to our ability to serve them well. Considerations for determining next steps include if our values align, if they fit our business model, are our personalities a good fit for each other,” said Laurie Humphrey of Granite Financial, which is part of Osaic. “If not, then the question arises: are they better suited for a different type of practice instead of with ours?” Andrew Crowell, vice chairman of wealth management at D.A. Davidson, says that while finding clients is challenging enough, firing them can be equally tough. But he says that no matter how hard an advisor may try, there are some clients who simply will not execute the recommended plan. “I once inherited a relationship from an advisor who had retired,” Crowell recounted. “From the very first icy phone conversation, I realized this client was not going to let me implement recommendations. She constantly challenged my ideas, redirected the conversation toward other topics and made it clear that she ‘had other advisors.’ After several calls, I let her know that I didn’t think we were a good fit for each other.” Crowell added: “Building a trusting relationship is critical to investment success, and I could just tell that we were not going to be able to develop that together. Having the confidence and conviction to take the initiative and let her go was liberating and made me redouble my efforts for my clients that do value the investment advice that I can provide.” Curtis Ray, CEO of MPI Unlimited, says it’s rare for him to terminate a relationship with a client, but when he does, it’s often because they want something done that is not possible or against the law. “A client once asked me to save money that had not been reported on their taxes, which is ultimately hiding money from the IRS,” he said. “I was unwilling to do that, which led to a frustrated client who I could no longer work with.” Brandon Dixon-James, president and wealth manager at Resilient Wealth Management, which is part of Osaic, bases his formula for firing clients on whether they are overly and unnecessarily demanding and whether their values are in alignment. “The first client I ever fired was more concerned with the layout of the spreadsheet than the data input. And she expected to meet monthly to go over her self-created spreadsheet, and we always spent the first hour of two going over the layout and the second hour debating the political climate. This went on for a year before I finally realized that this mentally draining and consuming too much time and energy to even be considered a good client although she had sizable assets,” Dixon-James said. “I felt a sense of freedom after this client was moved to an ex-client.” With regard to values not aligning, Dixon-James says he maintains an open mind and acceptance to people’s lifestyles and respects each person’s differences. When it comes to the financial planning process, however, he prefers for the client to stick with the plan. “I have learned to walk a fine line and provide some guidance when those lines are approached, but will not allow those lines to be crossed and continue in that relationship,” he said. Each Halloween is a time for Jeremy Gottlieb, financial advisor with Integrated Partners, to potentially give himself a treat by firing a client. As a financial advisor with the majority of his clients as retirees, he typically only loses a client when they pass away. But Gottlieb says he has a very small number of clients who think they are smarter than him when it comes to financial advice, or have heard better suggestions at a cocktail party, that he decides the added stress and aggravation is not worth it for him. So he fires them on his birthday, which so happens to be Halloween. “I know I give excellent service and a true value to my clients,” Gottlieb said. “But for these few who seem not to be pleased no matter how well I do for them, who are stressful and aggravating to service, it becomes detrimental to the practice to hang onto them. So, after a heartfelt decision, I tell them I hope they appreciated the valuable time and service I provided them over the years but since it has become apparent to me that my work is no longer to their satisfaction, if they choose to stay they will be under a different service model or they are welcome to leave, if they have another financial advisor in mind. I gladly allow for a smooth transition.” HOW DO THE WORLD’S TOP ATHLETES MAKE WINNING DECISIONS? SPORTSWRITER SALLY JENKINS EXPLAINS 13H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss CNBC Investment News THESE ENERGY INVESTMENTS SPIN OUT ATTRACTIVE INCOME, EVEN AS OIL PRICES HAVE FALLEN Energy has fallen from its 2022 superstar status, but income-focused investors may still find some opportunities in the space. 15H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Economist CAN ANYTHING POP THE EVERYTHING BUBBLE? Risky assets are proving extraordinarily resilient to threats YESTERDAY View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss money crashers TASTYTRADE REVIEW — AN ONLINE PLATFORM FOR ACTIVE TRADERS Tastytrade is an excellent online brokerage for experienced, active traders, though its lack of support or education makes it inappropriate for everyone else. But even for the semi-pros, it isn’t perfect, so research it well before making it your platform of choice. The post Tastytrade Review — An Online Platform for Active Traders appeared first on Money Crashers. JUNE 29 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Reuters News THOMSON REUTERS CORPORATION SIGNS DEFINITIVE AGREEMENT TO ACQUIRE CASETEXT TORONTO , June 26, 2023 /PRNewswire/ -- Thomson Reuters Corporation ("Thomson Reuters") (NYSE / TSX: TRI), a global content and technology company, today announced it has signed a definitive agreement to acquire Casetext, a California -based provider of technology for legal professionals, for $650 JUNE 27 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss wall street survivor REMITLY REVIEW: IS REMITLY THE BEST WAY TO SEND MONEY? Sending money internationally can be a challenge. Currency exchange rates, delivery difficulties, service fees, regulatory requirements, and other burdens can make it extraordinarily difficult to send even a nominal amount of cash abroad! Remitly, like other international money transfer services, aims to simplify this process. As the name indicates, Remitly was originally designed for international migrants to send remittances home to their families, but it has evolved into a general money transfer platform. What most people want to know is if Remitly is safe – the answer is yes, Remitly is a legit business that is well-known for providing international money transfer services! Also, Remitly is a public company operating in the United States, making it subject to strong regulation. Remitly stands out for having a lot of different delivery methods – including cash pick up! The platform also supports some countries that other transfer services do not. However, Remitly is also known for somewhat higher fees than competitors like Xoom or Wise. But Remitly does offer first-time users discounts to entice them to use the service, which makes it a good option for new users. Check out the intro discount applied to a potential transfer to Mexico below. So, is Remitly the best money transfer service to use? The answer depends on a number of factors, including speed of delivery and recipient country. To better understand the platform, let’s start with a general overview, followed by answering some specific questions users are sure to have! OVERVIEW Remitly is a well-designed platform featuring a good mobile interface, which has made it a popular choice among younger users sending money internationally for the first time. But what truly matters for a money transfer service is not the user interface. What matters is the speed, security, and cost of getting money delivered. To better understand how Remitly performs in these areas, we’ll break down the most important features of the platform. > Pro Tip: > > > Remitly lets you send money to over 145 countries around the world, with > plenty of options for transfer speed and delivery method. Get started with > Remitly! SENDING LIMITS First things first: how much can you actually send on Remitly? Whether you’re a worker sending home money to your family, or an investor transferring money to a foreign bank, it’s important you understand how much money you’re allowed to send. Unfortunately, there is no simple answer for how much you can send on Remitly – it depends on the country you are sending to, the timeframe of your transfers, and the amount of personal information you are willing to provide Remitly. For instance, here is a transfer limit table for sending money to Brazil. As you can see, we can send up to $2,999 in a 24-hour period with our current tier. If you want to transfer more, though, be prepared to provide identification documents and information about your use of the service! DELIVERY SPEED Once we know our sending limits, we’ll also want to know how fast we can get funds delivered to where they need to go. Unfortunately, like so many things with Remitly, there is no simple answer to how long deliveries will take. Different countries have different delivery options, which of course take different lengths of time. Additionally, whether we choose to send an ‘Express’ or an ‘Economy’ transfer will impact the delivery time. Express transfers are faster, but cost more money. Economy transfers are slower, but you’ll get Remitly’s best price. Since Express transfers are funded with a credit or debit card, money can be transferred almost instantly via certain delivery methods. Economy transfers can be slower. For instance, if you are sending funds to India, Remitly says that money will be delivered in six days. DELIVERY METHODS In addition to speed, of course, we also want to know how our money will ultimately get delivered to the recipient. Not every person has easy access to a bank account, so Remitly offers several different non-bank options. Delivery method options will ultimately differ by the country that funds are being sent to, but many users report choosing Remitly due to the variety of delivery methods the platform supports. For instance, Remitly offers the following delivery methods for a transfer to India. While we can choose a standard bank deposit transfer, Remitly also offers a number of other convenient options! For instance, we could send funds via a UPI transfer, which is an alternate bank transfer platform specific to India. Additionally, we could select cash pickup, which allows our recipient to pick up the transfer in cash, typically at a bank. Of course, the recipient will need to show a valid ID to get the money! Finally, Remitly offers mobile money delivery options, which can deliver the funds directly to a recipient’s mobile wallet. DELIVERY COST AND FEES Now, the fastest transfer service in the world with unique delivery options would not be worth it if the fees were astronomical. So how much does Remitly cost to use? Fees come in two forms: an explicit fee listed on your transfer, and an exchange-rate markup (which is somewhat hidden on Remitly). Fees will differ based primarily on the country you are sending to and the currency pair you are exchanging. For instance, sending money to Indonesia costs a flat fee of $2.99, while sending money to Brazil (via Economy) will cost $1.99. It’s important to model your transfer for free before sending it, as the only way to know exactly what the process will cost is to enter the specific transaction amount and destination country on Remitly! Exchange-rate markups are difficult to determine, but the exchange rate listed on Remitly is not the market rate, so there is certainly an additional fee being paid by the sender. This is in contrast to a platform like Wise, which offers the mid-market rate. Thankfully, despite these costs imposed on the sender, the recipient is not responsible for any additional fees to receive the money! > Pro Tip: > > > Remitly lets you send money to over 145 countries around the world, with > plenty of options for transfer speed and delivery method. Get started with > Remitly! FAQ Clearly, Remitly is a platform with a lot of value, but the true value will depend on which country you are sending money to and what delivery methods you require. With that being said, we can answer some common questions about Remitly to help figure out if this is the right money transfer service for you! IS REMITLY LEGIT? Yes, Remitly is legit. It is a public company with a good track record of reliably sending money internationally via different delivery methods. Some users have run into trouble with Remitly’s anti-money laundering requirements. These regulatory requirements, which require money transfer services to identify their customers and what they are using the platform for, often mean users have to upload specific documentation. For most users, though, ensuring a valid government ID and answering some common risk questions should be sufficient to use the platform without trouble. Remitly is regulated by a host of government agencies around the globe, most notably as a money services business by the US Department of Treasury. WHICH COUNTRIES CAN I SEND MONEY TO? Remitly advertises that users can send funds to more than 150 countries around the globe. The specific list of countries you can send to, though, will depend on the country you are sending from. For instance, from the US, users can send money to Albania, Brazil, Bangladesh, China, Mexico, India, Nigeria, Poland, Turkey, Kenya, and a whole host of other countries. Check out Remitly’s site for yourself and enter your home country for the full list of available countries! IS REMITLY OR XOOM BETTER? Xoom is a competing money transfer service to Remitly, which can sometimes be a better fit for certain users. Xoom is a PayPal service, so it might be especially useful for existing PayPal customers. Both Xoom and Remitly are reputable services, so safety is not a major difference between the two. While most reports indicate that Remitly’s fees are higher than Xoom’s, this is not always the case. The fee you end up paying will depend strongly on the individual circumstances of the transfer. Therefore, your best bet is to model your transfer on both sites to determine the best fee structure for you. IS REMITLY OR WISE BETTER? Wise is another money transfer service. One thing that makes Wise great is they have much more exchange-rate clarity. Wise offers transfers at the mid-market rate, which is the fairest price you are likely to get from any money transfer service. Wise does have a variable service fee, which can get large for bigger amounts. The platform may be best for small transfers, but since fees change all the time, it’s best to compare the current rates on the two respective websites. One area where Remitly stands out compared to Wise is in delivery methods. Remitly has more varied delivery methods, making it easier to get your money where it needs to be! PROS AND CONS While Remitly is a compelling choice to transfer money internationally, it’s important to consider the whole picture. Here, we list the major pros and cons of using the platform. PROS * Variety of delivery options and speeds for most transfers, including cash pickup and mobile money deposit. * Good introductory offers, including promotional exchange rates and no flat fees for initial transfers. * Excellent UI and mobile-first approach makes it easy to send money from your phone or through the web app. * Wide range of country and currency coverage that competes strongly with other services. CONS * Vague exchange-rate markup makes it uncertain whether you are getting a good price on the currency conversion. * Some transfers will require additional documentation, including identification and statements of purpose. * Limited sending countries, primarily restricted to the US, Australia, Canada, and Europe. This means transfers are typically one-way. > Pro Tip: > > > Remitly lets you send money to over 145 countries around the world, with > plenty of options for transfer speed and delivery method. Get started with > Remitly! FINAL VERDICT: IS REMITLY THE BEST? So, after reviewing all this information, can we say if Remitly is the best money transfer service? Remitly may be the best if you are looking for a service that supports many different countries and currencies, while offering a variety of delivery methods. But if you are looking for a service with the lowest price and clear fee transparency, it may not be! Therefore, which money transfer platform to use depends on your specific circumstance. But if you decide Remitly is right for you, they offer good introductory offers to make your initial transfer as cheap as possible! If you’re living outside of the U.S. and are looking for more finance platforms, read our eToro review! Remitly is one of the most flexibly money transfer platforms, with plenty of options for delivery method and speed! The post Remitly Review: Is Remitly the Best Way to Send Money? appeared first on Wall Street Survivor. MAY 25 View on site FacebookTwitterPinterestLinkedinEmail Loading... * rss Investing EXCLUSIVE - RAIFFEISEN DELAYS QUITTING RUSSIA AS AUSTRIA DEFENDS TIES - SOURCES 1H AGO View on site FacebookTwitterPinterestLinkedinEmail Loading... Navigate with arrow keys