Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms.That is not going to change, according to Charles Ellis, a veteran investment industry figure and believer in the power of indexing. In fact, the growth of passive funds has led some in the industry to worry it will kill the active management business, a charge Ellis says doesn’t hold true, but it will remain true that active managers struggle to find an edge in…
Author: usaeverydaylife
Airbnb could be due for sizable gains over the next several months despite its recent underperformance, according to Baird. The firm upgraded the stock to outperform from neutral and increased its price target by $35 to $175. That updated target now implies 24% upside potential, as of Thursday’s close. Shares jumped more than 13% in premarket trading on Friday after the company’s latest quarterly results beat on the top and bottom lines. Airbnb earned 73 cents per share on $2.48 billion in revenue for the fourth quarter, while analysts surveyed by LSEG were expecting 58 cents per share and $2.42…
An improving market backdrop could send shares of Align Technology higher, according to Wells Fargo. The bank initiated coverage on the medical device company with an overweight rating and set its price target at $255, which reflects more than 24% upside from Thursday’s close. “We acknowledge that the Dental/Clear Aligner market isn’t exactly out of the woods yet given underlying macro factors,” analyst Vik Chopra wrote in a Friday note to clients. “However, we like ALGN’s wide competitive moat and with the stock trading at a significant discount to its historical averages, we think shares offer a compelling risk/reward balance…
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump’s inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025.Saul Loeb | Afp | Getty ImagesMark Zuckerberg kicked off 2025 with an Instagram video that outlined his vision for what he called restoring “free expression” to Meta’s platforms and for working with President Donald Trump to push back on governments Zuckerberg said have gone after American companies and stifled innovation. What Zuckerberg didn’t say in his five-minute monologue was that Meta would use its own internal moderators to censor…
An undated photography of a night view of the Singapore skyline from the Marina Barrage.Calvin Chan Wai Meng | Moment | Getty ImagesSingapore’s GDP expanded by 4.4% in 2024, marking its fastest growth since 2021, government data showed Friday, as it got a boost from wholesale trade, finance and insurance, and manufacturing sectors.The economy had expanded by 1.8% in 2023.For the fourth quarter alone, Singapore’s GDP grew 5% year on year, higher than the 4.7% forecast by economists polled by Reuters, but lower than the 5.7% expansion seen in the previous quarter.The 5% growth figure also surpassed advance estimates of…
Roku could be poised for even more upside following its latest quarterly results, according to Pivotal Research and Wells Fargo. The firms upgraded the streaming platform, with Pivotal moving to buy from hold and Wells Fargo now rating it overweight, up from equal weight. They also increased their price targets on Roku: Pivotal nearly doubled its target to $125 from $65 — implying 44% upside from Thursday’s close — while Wells Fargo upped its target to $129 from $74, which reflects more than 48% upside potential. The moves come on the back of a stronger-than-expected fourth-quarter report from Roku. Roku…
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing pains for the company, which is racing to launch new products and recover from the rapid decline of its once-booming Covid business. Shares of Moderna fell more than 4% in premarket trading Friday. Moderna posted a net loss of $1.12 billion, or $2.91 per share for the fourth quarter of 2024. That compares with net income of $217 million, or 55 cents per share,…
Archaeologists have unearthed the foundations of London’s first public building.Excavating under the basement of a commercial building in the city’s financial district, they encountered what they believe are the roughly 2,000-year-old remains of a basilica from Roman London.The basilica was part of London’s Roman forum, or public square, and was “effectively the first town hall,” said Sophie Jackson, a director at the Museum of London Archaeology.The archaeologists first found the remnants over the summer and completed their investigation a few weeks ago, Ms. Jackson said. They began work after planning permission was granted to demolish a commercial building at the…
Lawrence Wong, Singapore’s then deputy prime minister and finance minister, speaking during the Milken Institute Asia Summit in Singapore, on Sept. 13, 2023. Wong, now the country’s prime minister, is due to deliver the budget on Feb. 18.Bloomberg | Bloomberg | Getty ImagesSingapore is gearing up for its first budget under Prime Minister Lawrence Wong, and analysts are expecting more support for both households and businesses.Wong, who took the helm from Lee Hsien Loong in May last year, will deliver the budget on Feb. 18. The country is due for a general election by November.In a video posted on his…
It seems like only yesterday that some of us were wielding our largest snow shovels to burrow a path from the front door back to what passes for winter civilization in those unfortunate states with no palm trees in sight. Oh, wait. That was yesterday.But at the very moment those shovels were scraping the concrete, somewhere over the snowflake-filled horizon, we could have sworn we heard a sound that warmed our hearts … if not our noses.Crrrrack … crrrrack … or was it more like thwaaack … thwaaack?Aw, whatever. It was the most inspirational sound in the universe: The sound of…
