The trend of Western wear has been gaining significant attention recently, with consumers opting for full denim looks from head to toe. This resurgence in popularity has been attributed to cultural influences such as Beyoncé’s “Cowboy Carter” album and Louis Vuitton’s fashion line. Levi Strauss, a 171-year-old clothing maker, has been capitalizing on this trend,
Investing
The recent report released by Vanguard sheds some light on the state of Americans’ 401(k) plans. While it shows that Americans are saving more, there is still room for improvement. The median 401(k) balance for individuals approaching retirement age remains very low, highlighting the fact that many Americans are heavily reliant on Social Security for
One of the stocks favored by the Street’s top pros is Delta Air Lines (DAL), America’s second-largest carrier. With an extensive network reaching more than 290 destinations across six continents, Delta is a key player in the airline industry. Analyst Helane Becker recently reiterated a buy rating on DAL after the company’s presentation at the
Warren Buffett’s Berkshire Hathaway has been steadily increasing its holdings in Occidental Petroleum over the past nine trading sessions. The conglomerate purchased an additional 7.3 million shares, bringing its stake in the Houston-based oil and gas producer to nearly 29%. This series of purchases has solidified Berkshire Hathaway as Occidental’s largest institutional investor. Occidental Petroleum
Nvidia’s recent surge in stock prices is poised to have a significant impact on the Technology Select Sector SPDR Fund (XLK) as it is set to acquire more than $10 billion worth of shares of the chip giant. This acquisition will lead to a major reshuffling of the fund’s holdings, with a considerable reduction in
One of the top picks for dividend-paying stocks is Kimberly-Clark (KMB), known for brands like Huggies and Kleenex. The company has a strong track record as a dividend king, having raised dividends for over 50 years. In the first quarter of 2024, Kimberly-Clark returned a significant amount to shareholders through dividends and share repurchases. The
Keith Gill, famously known as “Roaring Kitty” in online forums, has recently shown an increase in his ownership of GameStop’s common stock. A recent screenshot of his E-Trade portfolio posted on Reddit revealed that he now holds over 9 million shares of GameStop, along with a cash position of over $6 million. Gill’s journey with
GameStop experienced a significant setback as its shares plummeted by approximately 12% on Monday. This decline followed an even more drastic drop of nearly 40% the previous Friday. The catalysts for this downward spiral were attributed to a combination of lackluster financial results and a disappointing livestream presentation by Keith Gill, commonly known as Roaring
Investors are closely following the trajectory of interest rates and macroeconomic indicators to gauge the health of the U.S. economy. Concurrently, analysts are scrutinizing individual stocks in the market to identify options that can yield profitable returns in the long run. One of the top stock picks favored by Wall Street professionals is off-price retailer
In December of 2023, Apollo Asset Management Co-President Scott Kleinman made a bold statement by going against the market consensus of predicting rate cuts. While many were expecting multiple rate cuts in 2024, Kleinman took a contrarian view and bet against it. Surprisingly, his prediction has been proven right so far, as rates have remained