By the standards of American history, 1792 was a relatively quiet year. The U.S. Postal Service and the U.S. Mint were both established, construction of the White House began, and on May 17, on Wall Street in New York City, a group of 24 stockbrokers signed the Buttonwood Agreement creating what would become the New York Stock Exchange, or NYSE.
A lot changed in the centuries since. Today there are some 79 major stock exchanges globally, including the London Stock Exchange, the Shanghai Stock Exchange, the Tokyo Stock Exchange, and the Buenos Aires Stock Exchange. The U.S. alone has more than a dozen exchanges, with the potential for several new exchanges in the near future.
Even considering the number of exchanges, including the popular Nasdaq, the NYSE still accounts for about 40% of the world’s total market value. You’ll find some of the biggest names in business there, including The Cocoa-Cola Company (KO), 3M (MMM), Goldman Sachs (GS), McDonald’s (MCD), Salesforce (CRM), Visa (V), and The Walt Disney Company (DIS).
The NYSE also hosts several of the most well-known indexes. The Dow Jones Industrial Average (DJIA) is calculated using the 30 largest companies that trade on the New York Stock Exchange. The S&P 500 Index tracks the 500 largest companies in the market by capitalization, while the Wilshire 5000 Index tracks every stock on every exchange as long as it’s not a Bulletin Board or a Pink Sheets stock.
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This week’s Friday Update includes our comments on earnings from Wells Fargo & Company (WFC). We had no price target or ratings changes this week, although we are reviewing Wells Fargo shares as they trade above our price target.
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This week certainly wasn’t the maelstrom last week was, but after a promising bounce following Monday morning’s wipeout, the sellers have come back around for things—on the week, the major indexes are lower, though the declines aren’t horrific, especially for broader indexes like and...
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People often overlook silver as a safe haven in volatile markets. But the best-performing silver stocks tend to rise faster than gold stocks.
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Well, 2021 is in the books, which we’re happy is the case, as it was far from a fruitful growth stock year—effectively payback for the amazing 2020 environment.
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There is this widely held belief that January is a great month for investors. But I always throw cold water on this claim because the fact is, over the past 25 years, it’s been one of the worst months for stocks.
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In a recent update, I used the phrase, “It’s always darkest before the dawn,” as I reasoned that the marijuana sector’s dreadful performance in 2021 was likely the prelude to a well-deserved rebound in 2022. And the news is still pretty dark.
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The world has undergone a massive disruption over the last two years. Such events almost always create opportunity. The global pandemic hit the world like a meteor. The ensuing lockdowns crashed the economy overnight. And the end of those lockdowns revived the economy as...
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The U.S. stock market rebounded on Tuesday, following testimony from Chair Powell at his Senate confirmation hearing. Investors liked what he said, implying that the three anticipated quarter-point rate increases, which could start in March, would likely be enough to quell inflation (along a..
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The steady pace of reverse stock splits continues. Are they good for investors? Traditionally no. But there are exceptions.
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Stock Recommendation Tracker
The Stock Recommendation Tracker is a table that features all of the current recommendations in all of our portfolios. It’s a quick way for you to see what stocks are currently in our portfolios and will highlight new additions or any to...
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Stock Recommendation Tracker
The Stock Recommendation Tracker is a table that features all of the current recommendations in all of our portfolios. It’s a quick way for you to see what stocks are currently in our portfolios and will highlight new additions or any to...
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The market meltdown is continuing today, and while it’s being led by growth stocks, the selling is spreading out to every nook and cranny of the market—as of 12:30 eastern, the Dow is down 511 points while the Nasdaq is cratering another 350 points.
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My first stock market crash occurred in 1987, when the Dow fell 22.8% in one day. How we helped Cabot readers get through that crash can help you now.
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In late December, prior to the holiday, we published the January edition of the Cabot Turnaround Letter. Our first article, “Top Five Stocks for 2022,” we highlighted Credit Suisse (CS), Dril-Quip (DRQ), Lamb Weston Holdings (LW), Nokia (NOK) and TreeHouse Foods (THS).
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The market started out lower this morning after a worse-than-expected jobs report. As of 11:30 am, the Dow is down just 14 points, but the Nasdaq is off 130 points and growth-oriented indexes are down another 1% to 2%.
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Well, the market’s small dose of good action for the second half of December was mauled by the bears this week—all indexes are down at least somewhat, and among growth-oriented titles from a variety of sectors (tech, cybersecurity, solar, software, retail, you name it’s...
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Stock Recommendation Tracker
The Stock Recommendation Tracker is a table that features all of the current recommendations in all of our portfolios. It’s a quick way for you to see what stocks are currently in our portfolios and will highlight new additions or any to...
Read More
Stock Recommendation Tracker
The Stock Recommendation Tracker is a table that features all of the current recommendations in all of our portfolios. It’s a quick way for you to see what stocks are currently in our portfolios and will highlight new additions or any to...
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Stocks failed to even bounce today despite all the selling of late. At day’s end, the Dow was off 171 points and the Nasdaq dropped 19 points.
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With stocks at fresh highs, is a stock market top imminent? Here are five ways to know if the bull market is starting to die of old age.
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