Former SEC Chairman Harvey Pitt on Monday questioned the motivation of Harry Markopolos, the Bernie Madoff whistleblower who unveiled a long list of allegations against General Electric last week in an investigation for a short seller. “One of the ways you can test Markopolos’ bonafides, however, is the fact that the SEC has a whistleblower
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The key to investing is buying good stocks. Sounds simple enough, right? If it’s so simple, why isn’t everyone a great investor? Because what constitutes “good stocks” to buy is widely debated across the entire financial media landscape. Are the best stocks to buy cheap stocks, with price-to-earnings multiples below the market average multiple? Are
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Until a couple weeks ago, IBM (NYSE:IBM) stock was on a solid bull run. But with the plunge in the markets, IBM stock price got hit,  going from $150 to $133.76. Source: Shutterstock Despite the recent decline, International Business Machines stock is still up a respectable 18% for the year. Keep in mind that –
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In general, equity markets represent investor confidence. Since late July, most tech stocks have been declining amidst the bearish sentiment in the global and United States markets. It is no secret that the Chinese economy is beginning to feel the effects of the ongoing trade war. Other global powers, such as Japan, the United Kingdom
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When it comes to investing and picking stocks, I take a three step approach. First, the fundamentals — the numbers and long-term growth prospects have to check out and warrant the present valuation. Second, the optics — there has to be some behavioral reason out there why investors will want to buy this stock over
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Check out the companies making headlines before the bell: Walmart – The retail giant reported adjusted quarterly profit of $1.27 per share, 5 cents a share above estimates. Revenue also beat forecasts. U.S. comparable-store sales rose 2.8%, better than the 2.4% consensus estimate of analysts surveyed by Refinitiv. Walmart also raised its full-year sales and
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A day after stocks were slammed, the major U.S. equity benchmarks struggled for direction Thursday. After some of the volatility investors have recently been coping with, today’s lethargy was arguably a welcomed respite. If anything today’s action was surprisingly positive when considering trade tensions are still commanding headlines. Earlier this week, there was some thawing
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Traders work beneath a monitor displaying General Electric Co. signage on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: General Electric— Shares of GE plummeted as much as 14% shares after Madoff whistleblower Harry Markopolos accused the company of
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The one thing about small-cap stocks is that they thrive in rebound conditions. While there are some economic storm clouds over significant nations like Germany and China, the United States continues to chug along. The trade war with China is the only thing holding the U.S. back from getting stocks in rally mode again. And
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Right now, we’re still in perhaps the greatest bull run in history. The “weather” is terrific: low interest rates, an economy firing on all cylinders and a business-friendly administration in the White House. The Dow Jones Industrial Average recently hit 27,000 for the first time ever — and, despite some recent turbulence, remains near record
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The allegations by Madoff whistleblower Harry Markopolos of a $38 billion fraud at General Electric are “at best disingenuous” and “at worst highly inaccurate,” according to Nick Heymann, co-group head of global industrial infrastructure at the William Blair financial services firm. “You got the stock on sale yesterday for absolutely no basis. This is why
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