Live Breaking News & Updates on Stock Market Outlook 2021|Page 4
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Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. He manages the $147.2 million SPAC and New Issue ETF, which has returned 12.94% this year. Tuttle shares his three-part SPAC picking strategy and three of his favorite blank-check companies. Just like the newly filed Do It Again Corp., SPACs are doing it again breaking the record month after month. According to Goldman Sachs, 90 Special Purpose Acquisition Companies raised $32 billion in IPO capital in February, the largest issuance month on record. Year-to-date, 204 blank-check companies have raised $65.4 billion compared to the $83.4 billion raised by the 248 SPACs last year, according to ....
Bernard Weil/Toronto Star/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Fred Stanske runs three behaviorally driven funds for Fuller & Thaler Asset Management. The firm, co-founded by Richard Thaler, capitalizes on investor biases to find missed opportunities. Stanske shares two mispriced, under-the-radar stocks amid rising irrational behavior in the market. With the ever-increasing bitcoin craze, SPAC boom, and retail trading fervor, Fred Stanske is seeing a lot of irrational investor behavior. But that s not necessarily bad for Stanske, who manages the $4.3 billion small-cap equity fund, $96 million small-cap growth fund, and $12.7 million micro-cap equity fund for Fuller & Thaler Asset Management, the behavioral investing firm co-founded by Nobel prize winner Richard Thaler. ....
According to Luke Lloyd, an investment strategist at Strategic Wealth Partners, such a pullback is a healthy thing near all-time highs, and investors shouldn t sweat it. At the end of the day, tech stocks are still a good investment, he said, and they can justify the high valuations that have led some to cry of a bubble. Especially consider valuations of some stocks tied to an economic reopening, like airlines and cruise lines. A lot of these [reopening] stocks from a valuation standpoint are higher than they were the day before the pandemic. The thing is, they re not making any money, Lloyd told Insider last week. The cruise lines, for example, aren t even offering any cruises. Air traffic isn t getting anywhere close to where it was before the pandemic. ....
The unprecedented $1.9 trillion stimulus package will support massive consumer acceleration, says investment bank Cowen. Insider breaks down the 3 key drivers for consumer acceleration, according to Cowen analysts. And list the 14 consumer-focused stocks set to benefit from the stimulus checks. Senate Democrats are preparing to pass President Joe Biden s $1.9 trillion coronavirus stimulus this week with or without Republican support, after the House voted to pass the American Rescue Plan Act. The bill includes $1,400 stimulus checks, $400 federal unemployment benefits, and aid to state and local governments. The unprecedented $1.9 trillion stimulus package supports massive consumer acceleration, according to investment bank Cowen in a February 16 research note. ....
Your weekly outlook The past week saw the market zeitgeist shift somewhat away from the pesky day-trading rascals on Reddit and towards bitcoin, which repeatedly set new records. The red-hot cryptocurrency got a coveted co-sign from Tesla, which said that it bought $1.5 billion worth and would start accepting it as payment. It then surged even more to all-time highs after further adoption from the likes of Mastercard and BNY Mellon. With bitcoin now back at record highs, some age-old questions will persist over the coming weeks: Can increasingly widespread adoption continue to offset concerns the coin s price is overextended? And who else will follow the lead of these high-profile companies? ....