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CNBC’s Jim Cramer said Thursday there is more pain in the U.S. economy than what is reflected in the stock market’s robust recovery from coronavirus-era lows.  “I’m thinking, wait a second, don’t get too optimistic. I think it’s our nature to be optimistic,” Cramer said on “Squawk on the Street.” ”We like the fact that the
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A Brightline train at the company’s MiamiCentral terminal. Joe Raedle/Getty Images Brightline, the sole private passenger rail service in the U.S., has a green light from transit agencies to begin planning two extensions for its $5 billion high-speed train to Las Vegas that would tie it into existing Los Angeles-area commuter rail lines and, someday,
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Real estate developer Don Peebles told CNBC on Friday that he anticipates a slow economic recovery for New York City in the wake of the coronavirus pandemic.  “I think New York will ultimately come back. It’ll come back differently. It’ll be a different place, and it will be much more affordable,” said Peebles, CEO of privately
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Jeffrey Ubben Source: BusinessWire Jeffrey Ubben is betting on widescale adoption of clean energy through his new fund Inclusive Capital Partners, which he launched in June after stepping away from ValueAct to focus on sustainable investing full time. His fund is the lead investor in a company being formed through a partnership between Schneider Electric
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As can be seen in the following chart, the ProShares VIX Mid-Term Futures ETF (VIXM) has largely held its ground following the historic rally in VIX earlier this year. At present, I have to separate views on VIXM: a short-term view and a long-term view. In the short term (1-3 months), I believe that VIXM
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Take a look at some of the biggest movers in the premarket: Alibaba (BABA) – The China-based e-commerce giant reported better-than-expected profit and revenue for its fiscal first quarter, helped by a pandemic-related boost in online shopping. Alibaba had 874 mobile monthly active users in June, up 28 million from March. BJ’s Wholesale Club (BJ)
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Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.38 per share for the second quarter, substantially above the consensus estimate of $1.62 a share. The retailer’s revenue also beat forecasts, with comparable-store sales up 24.3% compared with a consensus FactSet estimate of a 7.6% increase. Target’s
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Municipals were steady to weaker on Tuesday, with yields flat to up as much as three basis points on the long end of the AAA scales. However, the larger story for the municipal market is that the New York Metropolitan Transportation Authority — which has been a loud advocate for more federal aid — rejected
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CNBC’s Jim Cramer said Tuesday that Walmart is a “remarkable juggernaut” but it won’t be able to keep up the blistering growth that it saw in the second quarter without another coronavirus stimulus package. “I think the company needs to be a little cautious because unless there’s another deal from Washington they won’t be able
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