Investing

Fidelity Investments had a historic 2018, even as stock markets saw their worst performance in a decade. For the first time in history, Fidelity’s annual income topped $6 billion. It closed 2018 with a 19 percent increase in operating income, totaling $6.3 billion for the year. The Boston-based firm raked in a record $20.4 billion
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Walmart, the largest brick-and-mortar retailer in the world, bucked Amazon fears this week. The discounter reported e-commerce sales up 43 percent during the fourth quarter and clinched online sales growth of 40 percent for all of 2018. Though Amazon still claims half of all e-commerce sales in the U.S., Walmart’s investments in its online marketplace
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Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally’s robust gains are tilting investors too far into stocks.
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The Walt Disney Co.: “Don’t sell Disney yet. [CEO] Bob Iger’s doing an amazing job. I don’t know about this next couple of quarters. He’s got to do this big transition with the over-the-top. But I think, long term, you want to own Disney very badly.” American Superconductor Corp.: “I think it’s been too hot,
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CVS: Cramer said this will be one of the most critical shareholder calls to come this earnings season. As Amazon makes a foray into health care, CVS has aimed to bolster its competitive stance with its acquisition of health insurer Aetna. It’s a part of the company’s strategy to change focus from a brick-and-mortar franchise
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Danny Moses, a legendary investor who shorted subprime loans prior to the financial crisis in 2008, told CNBC that the cannabis industry in America has the makings for a big long. “I’ve never seen a sector have the political tailwinds, the economic tailwinds, and the wellness tailwinds that this sector potentially has,” he said on
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