The Daily Dough

Our team hand picks relevant articles every week. Check out what’s new below.

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Warren Buffet and Berkshire’s $128 Billion in Cash

The company, run by Warren Buffett, now has $128.2 billion in cash on hand. That's up from the $122.4 billion it had at the end of the second quarter, and a more than fivefold increase from the $23 billion the company held in 2009.

3 min read

Looking at Uber Six Months After Its IPO Debut

In early May of 2019, Uber had its long-awaited IPO and raised billions of dollars. The company priced its IPO at $45/share, it debuted at $42/share and after the first day of trading, it was down 7.6%. But it still had a market cap of about $70 billion.

2 min read

Financials Lead a 5th Straight Week of Gains

Monday, November11, 2019 - Good news all around as stock prices climbed 1.5% this Happy Veterans Day to all! Stocks extended their recent gains last week, finishing higher for the fifth consecutive week. In fact, the Dow Jones Industrial Average joined the S&P 500 and Nasdaq Composite Indexes in setting all-time highs. Recent signs of progress on trade negotiations, along with better-than-expected corporate earnings were the cause of positive investor sentiment. In addition, a sharp increase in longer-term bond yields and third-quarter corporate earnings also drove markets. The third-quarter earnings season is near its end with roughly 90% of S&P 500 companies having reported results.

3 min read

The Fed Cut Rates for the Third Time in 2019

In fairly strong language, the Fed telegraphed that it may be done trimming rates, at least in the short term (there is only one more Fed meeting in mid-December).

2 min read

The Sequel: Market Resilience Defies October Tradition of Volatility

Monday, October 28, 2019 - US investors breathed a sigh of relief as we appear to have made it through the month without any significant bruises. Despite all the worrisome news headlines, US Equity and Global Markets climbed last week. The broad market as measured by the S&P 500 closed the week very close to its all-time high of 3,022.55. The NASDAQ 100, the proxy for the QQQ, hit new highs last week. November and December are typically positive months for US Equity Markets and we appear to be heading that way. Traders should be aware that Google reports earnings on Monday to be followed by Facebook and Apple on Wednesday. These FAANG Stocks are critical to assess the direction of the leading indexes as they comprise a significant weighting in the benchmarks.

4 min read

Trick, Treat and GDP Numbers – Halloween is Big

The talking heads are using Halloween to out-scare each other with their market predictions. And as we approach Halloween, the fittingly named investor fear index (the VIX) is being scrutinized like never before.

2 min read

The October Crashes of 1907, 1929 and 1987

October is an interesting month, as the last remnants of summer disappear, the leaves produce glorious colors and we give away candy to kids dressed in costumes as fall slides hopelessly into winter.

3 min read

Examining the Performance of Robo Advisors

Robo advisors are online services that assemble investment portfolios for clients using digital tools, ostensibly while charging a lot less than living, breathing planners. The primary appeal was that investors would incur lower fees which – in theory – would produce better investment performance.

3 min read

Should the Jobs Report Move the Stock Market?

On the first Friday of every month, the Department of Labor releases its Employment Situation Report – also known as the Jobs Report – and it seems as if Wall Street immediately reacts.

3 min read

No Tricks, Just Treats Last Week

Monday, November 4, 2019 - Good news all around as stock prices climbed 1.5% this past week, reaching fresh record highs. The climb was fueled by slowing but still-positive economic and corporate data beating market expectations. In addition, the Federal Reserve cut interest rates for the third time this year and alluded to a pause in lowering rates to consider economic conditions. Good news was also found in the October Jobs report. The U.S. economy added 128,000 jobs in October, well above the consensus estimate.

3 min read