Investing Daily
GameStop (NYSE: GME) and
AMC Entertainment Holdings (NYSE: AMC) have become battlegrounds for retail traders against institutional traders. Due to the huge day-to-day price swings and media coverage, even people who normally don’t actively trade stocks are getting involved, hoping to make a quick profit from the wild fluctuations.
I expect those stocks to eventually fall hard back to earth, but in the short run they can defy gravity. The action is so detached from underlying fundamentals of the companies that trading them is like betting on a roulette wheel. No matter how these stock moves play out, they’ll likely go down as cautionary case studies in future finance text books.
IL BRAND INVESTE SULL E - COMMERCE zazoom.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zazoom.it Daily Mail and Mail on Sunday newspapers.
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I have often said that one of the smartest investing decisions I ever made was to concentrate money in the health care sector early in my investing career. I reasoned that an aging population of Baby Boomers would spend a lot of money to extend their lives and health care should benefit from that trend.
In 2002 I opened an account in the
T. Rowe Price Health Sciences Fund (PRHSX), and since I opened that account it has enjoyed an average annual return of 17.5%. That’s well above the average annual return of the S&P 500 over that time period.