Blog

Russ Cohen

Preformed Line Products Earnings and Sales Decline Y/Y in Q3

Preformed Line Products Company’s PLPC third-quarter results reflect headwinds from decreased demand in key segments like PLP-USA. Although international regions like EMEA and the Asia-Pacific posted revenue growth, this was insufficient to offset declines in the U.S. market. With a robust liquidity position and proactive cost-control measures, the company is poised to navigate near-term challenges ...

Russ Cohen

Corporate Buybacks: A Wolf In Sheep’s Clothing?

Corporate buybacks have become a hot topic, drawing criticism from regulators and policymakers. In recent years, Washington, D.C., has considered proposals to tax or limit them. Historically, buybacks were banned as a form of market manipulation, but in 1982, the SEC legalized open-market repurchases through Rule 10b-18. Although intended to offer companies flexibility in managing ...

Russ Cohen

5 Discretionary Stocks to Buy as Consumer Confidence Hits 9-Month High

U.S. consumers are much more confident now than they were last month. A jumbo rate cut announced last month by the Federal Reserve, coupled with optimism surrounding more interest rate cuts in the coming months, have made consumers confident about the economy’s health. Given the positive sentiment, it would be ideal to invest in discretionary ...

Russ Cohen

Ford (NYSE:F) Considering Dealership Changes for 2015

Detroit automaker Ford Motor Co. (F) is reportedly planning changes to its dealership network. Ford’s global design and brand director Jennifer Kolstad has suggested that the company’s dealers of the future may have significantly fewer cars. However, those same showrooms will, according to a Detroit News report, “…emphasize hospitality, community and digital shopping opportunities.” The ...

Russ Cohen

Does Stanley Druckenmiller Know Something David Tepper Doesn't? The Billionaire Investor is Avoiding the China Rally and Investing in Another Foreign Market Instead.

There may not be two investors with more successful careers than billionaires Stanley Druckenmiller and David Tepper. Druckenmiller, through his fund, Duquesne Capital, generated average annual returns of 30%. Tepper and his fund, Appaloosa Management, generated a compound annual growth rate of 25%. It’s hard to believe that two investors as successful as Druckenmiller and ...

Russ Cohen

Veea, O.N.E. Amazon, and AECOM Collaborate to Create the Internet of Forests (IoF), a Hybrid Edge-Cloud Computing Solution to Protect the Rainforest Biome and Empower Local Communities

First IoF project to be demonstrated live at United Nations Biodiversity Conference (COP 16) in Cali, Colombia, in October 2024 In partnership with the Colombian government, Veea VEEA, a first-to-market pioneer in hyperconverged multiaccess networks with AI-driven cybersecurity, is collaborating with O.N.E. Amazon, and AECOM to deploy a technologically advanced, multidimensional solution composed of hybrid ...

Russ Cohen

Regional Banking Boom Shines Spotlight On Direxion's 3X DPST Fund

While apprehensiveness ahead of the third-quarter earnings season permeated the air, the U.S. regional banking sector has proven doubters wrong, at least according to JPMorgan Chase analyst Anthony Elian. With small-to-middle-capitalization banks posting better-than-expected financial results, the underlying ecosystem stands poised for potentially sustained growth. As the one-week mark of the Q3 earnings season passed, ...