Dec 02nd, 20202 Earnings Powerhouses at Black Friday Prices
Sometimes, you look at the numbers and can only scratch your head. We know we’re in the middle of a pandemic with high levels of unemployment, disrupted office environments and cautious consumer sentiment. Yet, corporate profits remain surprisingly robust. Earnings for companies in the S&P 500 fell a mere 6.3% in the third quarter compared with a year ago, according to FactSet Research. In fact, the industries of Software, Interactive Media & Services and Autos showed a combined $12.1 billion increase in profits. The only real weak spots in the economy are energy, airlines and hotels. Exclude those three industries and S&P 500 profits in the third quarter would have actually been 4.3% higher than a year ago. Which is truly stunning.
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Oct 20th, 2020The Perfect Investments for the Electric Car Revolution
As a lifelong “motorhead,” I never imagined I’d have much interest in electric cars. Clutch pedals, engine revs and throaty exhaust burbles make my heart sing. But the first time I took an electric vehicle (EV) out for a spin, I was hooked. I still get a thrill every time I “step on the gas” of my Nissan Leaf and take note of its great pep and poise. (EVs have their battery packs sit down low in the chassis, and their low center of gravity delivers a perfect blend of ride and handling). My gasoline-powered cars: Collecting dust in the garage these days.
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