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Tom Lee’s Winning Portfolio: Top Picks Outperforming the S&P 500

The founder of Fundstrat Global Advisors, Tom Lee, recently came up with a finalised list of stocks after quarterly reshuffling in his master portfolio. Lee’s master portfolio is called the Granny Shots portfolio. His portfolio is known to outperform the S & P index since 2019, its inception date. The name of the portfolio is…

October 20, 20230Comments

ByNidhi

Daily Updates

AT&T Surpasses Earnings Expectations and Ups Free Cash Flow Guidance in Impressive Q3 Report

AT&T's third-quarter results have shown improvement in its subscriber growth and generation of free cash flow while steadily increasing profits. The company's income from continuing operations for the third quarter has fallen to $3.8 billion or 64 cents per diluted share, compared to $6.3 billion in the year-ago quarter. Revenue has increased by 1% year-over-year…

October 20, 20230Comments

ByNidhi

Daily Updates

The Rise of Centi-Millionaires: Exploring the New Global Elite

Billionaires often capture the spotlight with their opulent lifestyles and high-profile ventures, but beneath this stratum of extreme wealth lies a rapidly expanding cohort that is making significant waves in the world of finance and global citizenship. According to a groundbreaking report, the world is witnessing the meteoric ascent of centi-millionaires, a group of ultra-high-net-worth…

October 19, 20230Comments

ByNidhi

Daily Updates

Netflix Q3 Revenue Surges with Password Tracking and Ad-Supported Tiers

An increase in Netflix’s revenue has been seen for the third quarter as its password-sharing crackdown and ad-supported subscription tier, launched last year, has begun to accelerate. 8.76 million more subscribers in the third quarter than in the previous quarter has been reported as its password-sharing crackdown has become effective. The online streaming OTT platform has…

October 19, 20230Comments

ByNidhi

Daily Updates

Why There’s a Gold Rush at Costco: Shoppers Flock for Unbeatable Deals

Costco Cart's seen an unusual product many times in the past weeks; this time, it's not toilet paper. It's a Gold bar, Shocked? Membership-only warehouse chain Costco, which is popular for its $1.50 hot dog and soda deal, is seen selling 1-ounce gold bars, and people are going crazy about it. The one-ounce gold…

October 19, 20230Comments

ByNidhi

Daily Updates

File Taxes Online Directly to the IRS in 13 States This Year

The Internal Revenue Service (IRS) has recently announced a new initiative for the 2024 tax season. This groundbreaking initiative will allow certain taxpayers in thirteen states to file their income taxes directly through the IRS website. This move is a noteworthy departure from the customary reliance on third-party tax services. It offers qualifying individuals a…

October 18, 20230Comments

ByNidhi

Daily Updates

Fed Official: Central Bank Should ‘Hold Rates Where They Are’

In the battle against inflation, the Federal Reserve must decide whether to raise interest rates or maintain the current 22-year high. The President of the Philadelphia Federal Reserve, Patrick Harker, who is also a voting member of the central bank’s policy committee, recently expressed his stance in favor of the approach where he believes that…

October 18, 20230Comments

ByNidhi

Daily Updates

JPMorgan’s Big Profit Growth Isn’t Likely to Persist

The global financial market's recent turbulence, started by geopolitical tensions and the ever-fluctuating oil prices, has placed JPMorgan Chase's standout third-quarter performance under the spotlight. With a substantial 35% surge in profits, an impressive $13.15 billion, and a remarkable 21% revenue uptick, surpassing initial estimates, the banking giant initially appeared to defy the market's bearish…

October 18, 20230Comments

ByNidhi