Articles for author: Russ Cohen

Russ Cohen

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Bitcoin, Ethereum and Dogecoin Update The Current State of Bitcoin, Ethereum, and Dogecoin Heading Into the Weekend

Crypto Market Overview Bitcoin BTC/USD has shown signs of consolidation after hitting a high of $52,890, marking its highest level since Nov. 10, 2021. Ethereum ETH/USD has been consolidating near its 19-month high print of $2,868.68 while Dogecoin DOGE/USD has been trading in a sideways pattern after reaching a high of $0.088. Morgan Creek CEO ...

Russ Cohen

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Lyft Stock Races Higher After Q4 Results Lyft Accelerates as Q4 Results Exceed Expectations

The Company’s Performance Lyft, Inc. LYFT unveiled its fourth-quarter financial results following the close of markets on Tuesday. The Numbers: In the latest quarter, Lyft reported sales of $1.22 billion, matching analyst consensus, and marking a 4.22% uptick from the $1.18 billion recorded in the corresponding period the prior year. The company’s gross bookings for ...

Russ Cohen

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Market Performance: S&P, Nasdaq, Dow Down as Shortened Week Begins

An Inauspicious Start Bloomberg/Bloomberg via Getty Images Trading on Tuesday began with major market averages trending downward after the long weekend. Early on, the Nasdaq Composite was down by 1.3%, the S&P 500 by 0.6%, and the Dow by 0.1%. Rates followed a global trend, with China unexpectedly cutting its five-year lending rate. Global Precedents ...

Russ Cohen

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Is Berkshire Hathaway Selling Apple Stock a Bad Sign? Warren Buffett-Led Berkshire Hathaway Sells Some Apple Stock. Should You?

On Feb. 14, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) filed its 13F report for the period ended Dec. 31, 2023. There weren’t too many sizable moves, but one noticeable one was that Berkshire sold around 10 million shares of Apple (NASDAQ: AAPL), trimming the position by a little over 1%. Let’s discuss Berkshire’s stake in ...

Russ Cohen

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Tepper’s Appaloosa Management Q1 Portfolio Positioning David Tepper’s Appaloosa Management Makes Strategic Portfolio Moves

David Tepper’s Appaloosa Management recently made significant changes to its portfolio, positioning itself strategically in the dynamic market conditions. The first quarter of 2024 is poised for diverse market trends, and Tepper’s decisions offer a glimpse into his outlook. New Additions: Oracle and ARK Innovation ETF Appaloosa Management initiated substantial new positions with key entries ...

Russ Cohen

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UnitedHealth Group: An In-Depth Analysis of Brokerage Recommendations UnitedHealth Group: An In-Depth Analysis of Brokerage Recommendations

Understanding Brokerage Recommendations When it comes to making investment decisions, Wall Street analysts wield significant influence. Investors often rely on the advice of these analysts before deciding whether to buy, sell, or hold a stock. The question, though, is whether these recommendations truly matter. Bearing in mind your hard-earned cash, let’s delve into the insights ...