In a remarkable display of resilience, Tri Continental Corporation’s stock has soared to a 52-week high, reaching a price level of $33.07. This peak reflects a significant turnaround for the closed-end fund, which has witnessed a substantial 1-year change with an impressive 24.22% increase. Investors have shown increased confidence in the fund’s performance, propelling the stock to new heights over the past year. The fund’s strategic investments and management appear to have paid off, resulting in a noteworthy high that stands out in the current financial landscape. InvestingPro Insights Tri Continental Corporation’s recent performance aligns with several key metrics and…
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What kills an old Mercedes-Benz W140 with an inline-six diesel? Not much, generally speaking. But hammering one down the Autobahn at full throttle for several minutes certainly doesn’t help. Ignoring a rising temperature gauge is also a great way to kill any engine, but to the credit of the old S 350 featured in this video, it was still running at the end. Heck, it may not even be truly dead. It’s definitely hurting, though. The end of this clip from TopSpeedGermany on YouTube shows an unhealthy cloud billowing from the engine bay, but not before it powered a 1994…
Pfizer Inc. (PFE), striving to set the standard for quality, safety, and value in the discovery, development, and manufacture of biopharmaceutical products, reported solid second-quarter 2024 earnings and raised guidance for the full year. In the second quarter of 2024, the company’s revenues increased 2.1% year-over-year to $13.28 billion. This was PFE’s first quarter of top-line growth after reporting declines over the past five quarters. Despite a modest year-over-year growth, Pfizer’s overall revenue growth has been sluggish, particularly in the post-pandemic period, as the pharma company lost the revenue boost from its COVID-19 vaccine. During the first six months of…
Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. Office Of The Iranian Supreme Le | Via ReutersIran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated fighting with Lebanese militia group Hezbollah and on Friday killed its long-time leader, Hassan Nasrallah in a series of airstrikes on Beirut.Hezbollah is Iran’s most important strategic ally, operating as both a militant and political organization that Tehran has funded and nurtured since its inception in 1982 to become what is widely seen…
The Ford Bronco Sasquatch is already a highly capable off-road vehicle, and Ford believes it’s so good that you could even go hunting for its mythical namesake, Bigfoot. As part of a new sweepstakes, that’s exactly what Ford wants you to do. While it’s unlikely you’ll solve the mystery of Bigfoot, you could win a custom Bronco known as the Sasquatch Searcher, pictured here. The Sasquatch Searcher began as a two-door Bronco with the Sasquatch package, but Ford has added some special features to help in your quest for Bigfoot. These include a roof-mounted lightbar, additional off-road cameras, and a…
Image source: Getty Images The Aviva (LSE: AV.) share price has put on a brilliant performance this year so far. In 2024, the stock is up 11.9%. That means in the last 12 months, Aviva has climbed 27.2%. That means it’s outperformed the FTSE 100 across both timescales. While buying index trackers can offer a smart and simple way to build wealth over time, picking individual stocks can also prove to be incredibly beneficial. But with the stock jumping this year, would it still make a shrewd addition to my portfolio? I’ve been keeping a very close eye on the…
US stocks wavered on Monday but were still set for strong monthly and quarterly gains as investors waited to hear Federal Reserve Chair Jerome Powell speak in the run-up to the crucial monthly jobs report.The S&P 500 (^GSPC) was down 0.1%, while the Nasdaq Composite (^IXIC) bounced off its lows of the day to also fall about 0.1%. Meanwhile, the Dow Jones Industrial Average (^DJI) slipped about 0.4%.The Wall Street indexes were still eyeing a monthly gain heading into the last trading day of September, typically the cruelest month for stocks. The Federal Reserve’s jumbo interest rate cut and signs…
Public Service Enterprise Group (NYSE:) (PSEG) stock has reached an all-time high, touching $88.87, signaling strong investor confidence in the utility company’s growth prospects. This milestone reflects a significant surge in the company’s valuation, with a remarkable 1-year change of 56.05%. The ascent to this record price level underscores the market’s positive reception to PSEG’s strategic initiatives and its robust financial performance over the past year. Investors are closely monitoring the stock as it charts new territory, with many industry analysts revisiting their forecasts in light of this impressive growth trajectory. In other recent news, Public Service Enterprise Group (PSEG)…
NVIDIA Corporation (NVDA) has undoubtedly been one of the hottest large-cap stocks this year, surging over 150% year-to-date and more than 195% in the past 12 months. This stellar performance is driven by the massive demand for its graphics processing units (GPUs), which help run and train AI algorithms. For the second quarter that ended July 28, 2024, Nvidia’s revenue increased 122% year-over-year to $30.04 billion and 15% from the first quarter. This robust growth exceeded analysts’ expectations, who had forecasted around $28.75 billion. NVDA’s Data Center Group (primarily connected to its AI operations) generated $26.30 billion in revenue, resulting…
Image source: Getty Images Scottish Mortgage Investment Trust (LSE: SMT) is a FTSE 100 stock that’s down 45% since late 2021. However, there are three reasons why I think it now looks like a bargain. Here they are. Wonderful companies at fair prices Over the past 18 months, the trust has added a handful of new stocks to its portfolio. These include dominant market leaders in growing industries. Here are some of them: Meta Platforms, the owner of Facebook, Instagram, and WhatsApp, has over 3bn users worldwide Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest independent chip foundry Sea Limited…