Month: August 2023

Phoenix Wealth Advisors grew its holdings in Johnson & Johnson (NYSE:JNJ – Free Report) by 4.0% in the first quarter, Holdings Channel reports. The institutional investor owned 20,788 shares of the company’s stock after acquiring an additional 793 shares during the quarter. Johnson & Johnson accounts for 2.0% of Phoenix Wealth Advisors’ holdings, making the
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Stock picking is not easy. However, if done right, investors can reap plenty of riches. A well-timed investment can make people millionaires. Consider that $1,000 invested in Google parent company Alphabet (NASDAQ:GOOG/NASDAQ:GOOGL) during its August 2004 initial public offering (IPO) would be worth $1.2 million today, and you get an idea of the benefits that
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Treasurer of the State of North Carolina lifted its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Free Report) by 38.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,119 shares of the technology company’s stock after purchasing an
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The U.S. equity valuations continue their remarkable trend upward, well beyond anyone’s expectations in 2023. The major indices appreciated amid expectations of a soft landing for the economy as the Federal Reserve battles inflation. While inflation still sits above the Federal Reserve’s target, it is well below where it was 12 months ago. However, despite
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Short squeezes affect heavily shorted stocks when many sellers are forced to buy back the shares they shorted. That dynamic, in turn, causes the stock’s price to soar, creating more purchases by short sellers and causing the process to continue. Ultimately, short squeezes can cause equities to soar tenfold, even 15-fold, resulting in gigantic profits
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