Latest news with #NiftyFifty
Axios
8 hours ago
- Business
- Axios
Exclusive: Bub and Pop's will soon reopen in NoMa with spiked sodas and bowling
Beloved sandwich shop Bub and Pop's will soon open in a new, larger location in NoMa after a decade-plus in Dupont Circle, the owner exclusively tells Axios. Why it matters: Bub's seemingly abrupt shutter last week sparked fear of a permanent closure among its fanbase, but don't worry — the new version in the former Eleanor space promises to be bigger and better than ever. State of play: Chef/owner Jon Taub tells Axios he's aiming to open in about two weeks. He's keeping the bones of the Eleanor's barcade, meaning plenty of room to settle in with a beer and play throwback games or duck pin bowling. And the core menu of Philly-style hoagies and cheesesteaks will live on, as will the " Lil' Petey" sandwich-eating challenge. Dig in: Taub tells Axios he's looking forward to expanding the offerings — with plenty of nostalgic nods to his favorite hometown Philly spots. A custom soda fountain inspired by Nifty Fifty's will turn out egg creams, floats and malts, which customers can spike with booze (also look for wine, Champagne and beer). Taub is working on a new pizza menu, as well as fun bar snacks for game days. Diners will also have a few lighter options for times when a huge Italian hoagie or braised beef brisket sandwich won't fly. Context: Taub says the move has been in the works for a while after their landlord decided to double the rent on the small, mostly takeout shop. "It would have shuttered our business overnight," he says. The landlord filed an eviction lawsuit earlier this year, seeking nearly $250,000 in unpaid rent and fees, which Taub tells Axios is erroneous, and that they've been "following legal counsel" since. Between the lines: Taub has been making his own breads and hoagie rolls for a year-plus — which, along with homemade pickles and sauces, sets Bub's apart. Now he's upping the game with a new Polin oven. "It's how Angelo's in Philly achieves that perfect crust and bronze color," he says. All of the homemade accoutrements will be available to take away. "I know Trader Joe's is right down the street, but I wanted people to be able to come home with a container of our marinara and have a nice dinner."
Yahoo
20-04-2025
- Business
- Yahoo
99% of the ‘biggest winning stocks' share this criteria, says investing legend Mark Minervini
The 'Magnificent Seven' stocks' outperformance over multiple cycles is historically unusual — and the long run of dominance for these seven large technology stocks has convinced people that they are impervious to underperforming, says Mark Minervini, a two-time U.S. Investing champion. In an interview with MarketWatch, the Wall Street veteran with almost four decades of trading experience warned that the stock market's speculative nature means there's no margin of safety for any stock. To drive his point home, he recalled a number of failed companies that were part of the 'Nifty Fifty,' a group of 50 large caps that led the market in the 1960s and 1970s. Only a handful of stocks from that group went on to thrive, like American Express Co. AXP and Coca-Cola Co. KO, while others like Avon and Polaroid did not. These 15 tech stocks could rocket up to 85% in a year — and analysts love them 'Are we out of our minds?' My husband and I are in our 70s. Should we use $600K of our savings to buy our dream home? I'm administrator of my sister's estate. Her bank won't tell me the names of her beneficiaries. Is that legal? I held power of attorney for my late brother. Can I withdraw money from his bank account to give to his favorite charity? Dow sees first 'death cross' since 2023 — but here's the good news Minervini is known for being a two-time winner of the U.S. Investing Championship, taking first place in the $1,000,000-plus stock division with a 334.8% annual return in 2021. He also won the competition in 1997 with a 155% return. He has spent most of his career teaching the next wave of investors how to find winning stocks using fundamental and technical analysis through his published books and courses. One of his overarching guidelines is that while fundamentals drive the technicals, you may not always see the fundamentals in time — but the technicals can improve, or degrade, before the fundamentals become obvious to the public. That's because Wall Street is always looking ahead and factoring in future expectations when valuing current stock prices. It's where the popular saying that 'stocks are a discounting mechanism' comes in. It also means that by the time the big news is out or earnings are reported, the information has already been acted on, and so investors should assume it has been priced into the stock. 'Sometimes the stock will have great earnings and it will go down, and there's other times they'll have horrible earnings and all this bad news comes out and the stock rallies — and that's why they say 'Buy the rumor, sell the news,'' Minervini said. What does the discounting mechanism mean for the Magnificent Seven, you ask? Well, Minervini believes that so much positive data has already been discounted based on where those stocks are trading. Even though those stocks have pulled back in recent weeks, all of the Magnificent Seven companies except Tesla Inc. TSLA still have trillion-dollar-plus market capitalizations. That means in the long run, there's less room for them to outperform. It's not over for Big Tech, but they'll most likely match market performance going forward, he noted. If investors want to continue picking up outsize performance in tech stocks, they have to be more selective. Remember, Minervini said, that at one point, Inc. AMZN and Microsoft Corp. MSFT were midcap companies that very few people had heard of. He believes it's time to start looking for the next Amazon. 'The good news is, America is absolutely booming with innovation and there are lots of companies that are going to come in and add to that picture,' Minervini said. 'And so there's going to be many, many new companies.' Some of those companies are ones many investors haven't heard of yet. They could even be the ones that are tasked with supplying and servicing the Magnificent Seven. So, then, how do you find them? While he has a few criteria to spot new leaders, the main ones are (1) stocks trading above their 200-day moving average and (2) stocks that have a 200-day moving average in an uptrend. 'That is the most basic criteria if you're looking for a stock that's got the potential to be a big winner,' Minervini said. 'If you go back and look at the biggest winning stocks of the last 100 years, 99% of them made their biggest move above the 200-day with the 200-day in an uptrend. So would you like to be in the 1% club or the 99% club?' Additional criteria include (3) the stock being at or near its 52-week high. If stocks are coming out of a bear market, then look for the ones that have held up best during the decline on a relative basis, and which are rebounding the fastest off their lows. Now, some of these guidelines are in opposition to what fundamental value investors may be looking for. A value investor is usually looking for stocks that are down big, trading near their 52-week lows, and have been beat up on bad news. Minervini noted that both strategies can make money — they're just different. 'But if you want to find where leadership is, well, leadership is never at the 52-week-low list,' Minervini said. 'It's always near the 52-week-high list. And the only way a stock can go from 10 to 100 is it has to make new highs.' 'It's just not done': Why Trump firing Powell could rock U.S. financial markets Wall Street's 12 favorite stocks could soar as much as 54% over the next year, analysts say I begged my adviser to sell amid the market turmoil. He dragged his feet and I lost $20,000. Do I have any recourse? Wall Street predicts a 10% stock rebound by the end of 2025. Why investors shouldn't buy the hype just yet. 'I ended up getting very sick': I'm divorcing an abuser. I've had two terrible attorneys — and fired them both. Do I sue? Sign in to access your portfolio
Yahoo
15-02-2025
- Business
- Yahoo
Bank of America says growth stocks are in a bubble exceeding the 'dot-com' and 'nifty fifty' eras — and warns they could take the S&P 500 down 40%
Bank of America warns of a bubble in US growth stocks echoing the "Nifty Fifty" and "dot-com" eras. Concentration in US stocks is significantly above historical norms, BofA said. Investors should consider diversifying and focusing on quality stocks to mitigate risks, BofA said. If you listen closely enough, amid all the investors cheering on AI, echoes of some of the great bubbles in history are starting to reverberate through the narrow canyon of skyscrapers on Wall Street. That's the warning Bank of America strategists issued to clients in a note earlier this week. As investors continue to pile into growth stocks, sometimes passively, the market has started to resemble the so-called "Nifty Fifty" and "dot-com" bubbles in the 1960s and late 1990s, respectively, the bank said. And while stocks could still rise in the near-term, outcomes after those famous bubble periods suggest trouble could be coming. The argument was based on concentration levels in the market. The market cap of US stocks compared to the rest of the world is 3.3 standard deviations away from the historical norm. Within the US, the S&P 500's largest five stocks are now 26.4% of the index. And the market cap of "new economy" stocks in the S&P 500 also make up more than half of the index's total value, a record high. Part of the reason the market has gotten so concentrated is because of passive investing, where investors shovel money into indexes indiscriminately, Woodard said. "Passive funds dominate with 54% market share," he wrote. "Passive disregard for valuations & fundamentals means big upside from innovations," Woodard continued, "but big risk in a bust cycle." These concentration levels could mean a long period of pain ahead for investors — like it did after the "Nifty Fifty" and "dot-com" bubbles. "Momentum reversals are becoming unusually sharp. A 50%+ 'new economy' drawdown (smaller than dot com) could drag the entire index down 40%," wrote Jared Woodard, and investment & ETF strategist at Bank of America, in the February 11 note. "If the eight sectors outside 'new economy' darlings were to rally 10% and the handful of mega cap tech stocks fell 10%, the index overall would still just be flat," he continued. "Not very healthy or diversified." Woodard's warning of a difficult decade ahead for investors aligns with views of strategists at other major Wall Street banks in recent months. Morgan Stanley's Mike Wilson said in December that the S&P 500 would see a decade of "flat-ish" returns ahead, and Goldman Sachs' David Kostin said the index would return 3% annually, on average, over the next 10 years. The bank did lay out a playbook for how to avoid a potential bear market and "lost decade" ahead. First, Woodard said to watch when the S&P 500 equal-weight index starts to beat the cap-weighted index. "The equally weighted S&P 500 index has outperformed the market cap-weighted index by 1ppt/year since 1958. There have been five periods when the cap-weighted index outperformed; those typically lasted 16 quarters," Woodard wrote. "Today, the cap-weighted index is 2.5 standard deviations overbought relative to the long-term trend." Second, consider investing in baskets of quality stocks with lower exposure to the Magnificent Seven stocks, Woodard said. Some examples of funds that offer exposure to quality stocks, the bank said, include: the Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG); the iShares MSCI USA Quality GARP ETF (GARP); and the WisdomTree US Quality Growth Fund (QGRW). And third, diversify. Woodard said Derek Harris, Bank of America's head of global wealth and investment management portfolio strategy, recommends keeping each holding in a portfolio under a 15% weighting. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
15-02-2025
- Business
- Yahoo
Bank of America says growth stocks are in a bubble exceeding the 'dot-com' and 'nifty fifty' eras — and warns they could take the S&P 500 down 40%
Bank of America warns of a bubble in US growth stocks echoing the "Nifty Fifty" and "dot-com" eras. Concentration in US stocks is significantly above historical norms, BofA said. Investors should consider diversifying and focusing on quality stocks to mitigate risks, BofA said. If you listen closely enough, amid all the investors cheering on AI, echoes of some of the great bubbles in history are starting to reverberate through the narrow canyon of skyscrapers on Wall Street. That's the warning Bank of America strategists issued to clients in a note earlier this week. As investors continue to pile into growth stocks, sometimes passively, the market has started to resemble the so-called "Nifty Fifty" and "dot-com" bubbles in the 1960s and late 1990s, respectively, the bank said. And while stocks could still rise in the near-term, outcomes after those famous bubble periods suggest trouble could be coming. The argument was based on concentration levels in the market. The market cap of US stocks compared to the rest of the world is 3.3 standard deviations away from the historical norm. Within the US, the S&P 500's largest five stocks are now 26.4% of the index. And the market cap of "new economy" stocks in the S&P 500 also make up more than half of the index's total value, a record high. Part of the reason the market has gotten so concentrated is because of passive investing, where investors shovel money into indexes indiscriminately, Woodard said. "Passive funds dominate with 54% market share," he wrote. "Passive disregard for valuations & fundamentals means big upside from innovations," Woodard continued, "but big risk in a bust cycle." These concentration levels could mean a long period of pain ahead for investors — like it did after the "Nifty Fifty" and "dot-com" bubbles. "Momentum reversals are becoming unusually sharp. A 50%+ 'new economy' drawdown (smaller than dot com) could drag the entire index down 40%," wrote Jared Woodard, and investment & ETF strategist at Bank of America, in the February 11 note. "If the eight sectors outside 'new economy' darlings were to rally 10% and the handful of mega cap tech stocks fell 10%, the index overall would still just be flat," he continued. "Not very healthy or diversified." Woodard's warning of a difficult decade ahead for investors aligns with views of strategists at other major Wall Street banks in recent months. Morgan Stanley's Mike Wilson said in December that the S&P 500 would see a decade of "flat-ish" returns ahead, and Goldman Sachs' David Kostin said the index would return 3% annually, on average, over the next 10 years. The bank did lay out a playbook for how to avoid a potential bear market and "lost decade" ahead. First, Woodard said to watch when the S&P 500 equal-weight index starts to beat the cap-weighted index. "The equally weighted S&P 500 index has outperformed the market cap-weighted index by 1ppt/year since 1958. There have been five periods when the cap-weighted index outperformed; those typically lasted 16 quarters," Woodard wrote. "Today, the cap-weighted index is 2.5 standard deviations overbought relative to the long-term trend." Second, consider investing in baskets of quality stocks with lower exposure to the Magnificent Seven stocks, Woodard said. Some examples of funds that offer exposure to quality stocks, the bank said, include: the Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG); the iShares MSCI USA Quality GARP ETF (GARP); and the WisdomTree US Quality Growth Fund (QGRW). And third, diversify. Woodard said Derek Harris, Bank of America's head of global wealth and investment management portfolio strategy, recommends keeping each holding in a portfolio under a 15% weighting. Read the original article on Business Insider Sign in to access your portfolio
