CFOTO | Future Publishing | Getty ImagesNoted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used car retailer’s recent turnaround is a “mirage” that’s being propped up by unstable loans and accounting manipulation.The report centers on Carvana’s practice of loan sales as well as the business relationship between CEO Ernie Garcia III and his father, Ernest Garcia II, who is Carvana’s largest shareholder.Shares of Carvana were down about 3% Thursday. The stock increased nearly 400% in 2023, as the company improved results and reduced costs as part of a turnaround plan led by Ernie…
Author: usaeverydaylife
The New England Patriots and Buffalo Bills have played some exciting, compelling games over the years, going all the way back to their days as charter members of the old American Football League. But Sunday’s regular-season finale at Gillette Stadium promises to be nothing of the kind, what with the 3-13 Patriots looking to just get it all over with and the 13-3 Bills looking to rest their starters in advance of the playoffs.Sheesh. Where are television blackouts when we need them?If the Patriots’ 40-7 loss to the Los Angeles Chargers last week is any indication, Gillette Stadium will be…
Warren Buffett’s Berkshire Hathaway outperformed the S & P 500 in 2024 and pulled off its best year since 2021. Class A shares of the Omaha-based conglomerate rallied 25.5% last year, beating the S & P 500’s 23.3% return. Berkshire shares topped $700,000 during the year and posted their ninth positive year in a row. BRK.A 1Y mountain Berkshire Hathaway The strong performance came even as the “Oracle of Omaha” halted Berkshire’s stock buyback program as the share price with the stock getting pricier and pricier. Instead, the conglomerate relied on solid operating earnings this year, supported by strong investment…
Investor optimism has only grown despite a rough ending to December, indicating that selling actually may not be over yet. Bank of America said its stock market sentiment readings are flashing signs that the bullishness is overdone. In the past , the indicators have been consistent with near-term selling points as high levels of sentiment, or euphoria, can mean that stocks are overvalued and overbought. The firm’s “Sell Side Indicator” is just shy of triggering a sell signal. At 57%, the measure of typical Wall Street equity allocation in a balanced portfolio has risen for eight straight months and is…
Every Thursday, I’ll be taking you through the big NBA story heading into the weekend. Or maybe the weirdest story? Or maybe just something that makes me laugh and I think will make you laugh too. Essentially, if you’re subscribed to The Bounce and reading every day, we’re going to have the same fun here as we do in that space.On top of that, I’ve culled the weekend schedule for you to know what to pay attention to. Weird bad streaks against teams? Beefs you need to track? Just fun games with matchups you may not have known were happening? We’ve got that…
It’s the start of a new trading year, and Goldman Sachs has added three new stocks to its conviction list, with one in particular projected to see massive gains. The firm’s “Conviction List – Directors’ Cut” includes 20 to 25 “most differentiated fundamental,” buy-rated ideas across its U.S. stock coverage. For the rest of 2025, Goldman has added Uber Technologies , Norwegian Cruise Line and Belden the Conviction List, and removed Fox Corp. , Parker-Hannifin and TPG . Along with those additions, here are other stocks on the Goldman list. Goldman believes Uber has a path to increased profitability, even…
The remains of a Tesla Cybertruck that burned at the entrance of Trump Tower, are inspected in Las Vegas, Nevada, U.S. January 1, 2025. Ronda Churchill | ReutersThe person who rented the Tesla Cybertruck that exploded outside of the entrance of the Trump hotel in Las Vegas has been identified, as authorities began Thursday searching a home in Colorado connected with the case.The truck was rented to Matthew Alan Livelsberger, two senior law enforcement officials told NBC News, but it was not immediately clear the identity of the person who was killed inside the vehicle when it erupted into flames early Wednesday outside…
Earlier in the season, Frank Lampard spent some time with Rodri at Manchester City, breaking down the Ballon d’Or winner’s game as part of a “midfield masterclass” that he was filming.“I did about a 50-second run of him against Aston Villa where he was scanning through the pitch,” former Chelsea and England midfielder Lampard tells The Athletic. “He kind of went deep, got the ball, checked his shoulder five times, did it again and ended up putting (Ilkay) Gundogan through on goal. So he’s a scanner.”Lampard was a scanner too. When Geir Jordet, a professor at the Norwegian School of…
As the final installment of our three-part “Dogs of the Dow/S & P 500” series of articles, we’re following up on Monday’s trade idea in ConocoPhillips , an idea for an “oil” company of another variety. Rather than an energy sector oil/petroleum company, this time, we’re discussing a consumer staple that makes edible oils. Bunge Global is one of the world’s largest traders and processors of grains and oilseeds, such as soybeans, corn, wheat and sunflower seeds. It supplies raw materials for food production, animal feed, and renewable energy. The agribusiness segment represented over 71% of the company’s total revenue…
Investors are feeling confident to start 2025. They might want to take a deep breath first. Stock futures indicated a strong open Thursday, with those tied to the Dow Jones Industrial Average up 280 points, or 0.7%. S & P 500 and Nasdaq-100 futures were also up 0.7% and 0.9%, respectively. If the S & P 500 manages to gain 1% or more on the day, it will mark its best first trading day of the year since 2013, according to Bespoke Investment Group. This all comes after a strong 2024, which marked the second straight year the S &…
