Skip to main content

Today in the stock market: Stocks climb on the back of stronger-than-expected GDP growth, while Tesla experiences a decline.

  Despite Tesla (TSLA) reporting disappointing earnings and a higher-than-expected US economic growth reading, US stocks climbed on Thursday. The Dow Jones Industrial Average (^DJI) gained 0.2%, the S&P 500 (^GSPC) rose 0.4%, extending its record streak from the previous day, and the Nasdaq 100 (^NDX) inched up about 0.6%.  The morning release of the advance estimate for fourth-quarter US gross domestic product (GDP) revealed a robust annualized growth rate of 3.3%, surpassing economists' expectations of 2%. Tesla, in its quarterly results, cautioned about a "notably" slower growth in electric vehicle production, missing profit forecasts. CEO Elon Musk expressed concerns about Chinese carmakers outpacing rivals in the absence of trade restrictions. Tesla shares plummeted up to 11%, marking a deeper decline compared to other tech-heavy "Magnificent Seven" stocks that have been propelling the S&P 500's surge. After-hours attention focused on Intel (INT...

Disclaimer for Finance

Disclaimers for allfinancefix

All the information on this website - allfinancefix.blogspot.com - is published in good faith and for general information purpose only. allfinancefix does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find on this website (allfinancefix), is strictly at your own risk. allfinancefix will not be liable for any losses and/or damages in connection with the use of our website.

From our website, you can visit other websites by following hyperlinks to such external sites. While we strive to provide only quality links to useful and ethical websites, we have no control over the content and nature of these sites. These links to other websites do not imply a recommendation for all the content found on these sites. Site owners and content may change without notice and may occur before we have the opportunity to remove a link which may have gone 'bad'.

Please be also aware that when you leave our website, other sites may have different privacy policies and terms which are beyond our control. Please be sure to check the Privacy Policies of these sites as well as their "Terms of Service" before engaging in any business or uploading any information.

Consent

By using our website, you hereby consent to our disclaimer and agree to its terms.

Comments

Popular posts from this blog

Is Property Inheritance Automatically Taxed?

 Inheritance can be a welcome financial boost, but it often comes with tax complexities. When you inherit property or assets, rather than cash, you typically don't incur immediate taxes. Taxes come into play when you decide to sell these inherited assets, in the form of capital gains taxes. These taxes are calculated based on a concept known as a stepped-up cost basis, ensuring you're taxed only on the appreciation that occurs after you inherit the property. To navigate this process correctly, consulting a financial advisor is a prudent step. Let's delve into how capital gains are handled when inheriting property. Inheritances can be subject to three main types of taxes: 1. Inheritance taxes: These taxes are paid by heirs on the value of the inherited estate. Federal inheritance taxes are non-existent, with only six states imposing some form of inheritance tax. Given the state-specific nature of inheritance taxes, discussing them in detail is beyond the scope of this articl...

This relatively obscure Real Estate Investment Trust (REIT) has surged by more than 50% in the last twelve months while continuing to maintain a solid 7.67% yield.

 Finding stocks that offer both capital appreciation and a generous dividend can often be a challenge for investors. Typically, high-yielding dividends are associated with stocks that have experienced significant declines in their share prices. However, imagine discovering a stock that not only presents a high-yielding dividend but has also outperformed all its competitors over the past 52 weeks, achieving substantial gains while distributing monthly dividends. Consider Modiv Industrial Inc. (NYSE: MDV), a Reno, Nevada-based diversified REIT managed internally, housing 44 single-tenant net-lease properties spanning 4.9 million square feet across 16 states. Among these properties, 39 are industrial, four are office spaces, and one is a retail property, housing 30 tenants. With a 100% occupancy rate and an impressive weighted-average lease term (WALT) of 14 years, this portfolio also features annual rental increases averaging 2.5%. Established in 2015, Modiv had its IPO in February 2...

The recently released stock portfolio update from the late Charlie Munger reflects his legendary investment strategy.

 Over a span of 15 years, the late Charlie Munger transformed Daily Journal's stock portfolio from nothing to $300 million. The recent release of the final portfolio update during Munger's tenure as chairman highlights his extraordinary patience, discipline, and conviction. Best known as Warren Buffett's right-hand man and vice chairman of Berkshire Hathaway, Munger passed away at the age of 99 on November 28. He served as the chairman of Daily Journal's board for approximately 45 years, from 1977 to 2022. In the midst of the 2008 financial crisis, Munger made the strategic decision to allocate a portion of the company's funds into stocks and took charge of managing its investments. The first portfolio filing by Daily Journal dates back to the fourth quarter of 2013, likely triggered by the portfolio value exceeding the $100 million reporting threshold. The publisher and legal-software provider revealed holdings including 2.3 million shares of Bank of America, almos...