$Bank of America(BAC)$is one of US largest banks. It is Warren Buffett's favorite bank. Making up approx. 12.5% of $Berkshire Hathaway(BRK.B)$portfolio, it's Buffett's second biggest second position after $Apple(AAPL)$.The company has posted strong results over the past year. It had one of the best first-quarter earnings reports among large U.S. banks, and it reported a 52% decline in net loan charge-offs in the quarter. Net interest income (NII) of $11.6B ($11.7B FTE1) increased $1.4B, or 13%, driven by strong deposit growth and related investment of excess liquidity, loan growth and lower premium amortization expense.BAC grew its EPS by ~10% per
I will make it easy for you to decide between$Vanguard S&P 500 ETF(VOO)$vs $SPDR S&P 500 ETF Trust(SPY)$VOO vs SPYThe primary difference between VOO and SPY is the company that offers the ETF and its expense ratio.VOO is offered by Vanguard with an expense ratio of 0.03%SPY is offered by State Street Global Advisors Trust Company with an expense ratio of 0.09%Both ETFs seek to track the returns of the S&P 500 Index.This gives investors exposure to 500 of the largest companies in the United States and accounts for about three-quarters of the U.S stock market’s value.VOO and SPY PerformanceVOO and SPY have had the same performance over the last 1 year. This is because they
TSMC is the world’s largest contract chipmaker. The company counts Apple, AMD, Nvidia and Qualcomm among its customers. TSMC had a 53% market share in the global semiconductor foundry market in 2021, while its nearest competitor Samsung had 17.1%. Not only that, TSMC is the most advanced foundry and produces over 90% of all advanced chips on the market.During the quarter ended March 31, revenue was $17.57 billion, which increased 36.0% year-over-year and increased 11.6% from the previous quarter. The gross margin and revenue have exceeded the company’s expectations but TSMC stock fell despite the positive report yesterday. It is under severe pressure since hitting fresh all time high of $145 in January. The stock has declined almost 30% since then and recently sank below the
$Starbucks(SBUX)$announced the unexpected departure of its CEO after five years at thelm. Howard Schultz, who is legendary for not only building the Starbucks chain, but also for stepping in to rescue the company in 2008 as it struggled with a dysfunctional culture and a lack of innovation. Schultz will once again help Starbucks, at least on a temporary basis to reinvent itself as it faces new challenges. If we look at the investor presentation, the projections are good. Growth at scale of 10-12% over the next 2 years are possible and likely the same to happen on longer term. The company opened 484 new stores in Q1 2022, ending the period with a record of 34,300+ stores globally . Stores in US and China comprises ~60% of the gl
Index funds are popular with investors because they promise ownership of a wide variety of stocks, greater diversification and lower risk $SPDR S&P 500 ETF Trust(SPY)$is the granddaddy of ETFs and it's among the most popular ETFs. Just one trade of it exposes you to the hottest stocks like $Tesla Motors(TSLA)$, $Amazon.com(AMZN)$at much lower cost. Given how diversified it is, SPY is the ultimate "buy it and forget it" stock. Over the long term, it has returned about 10% a year on average including dividends paid out quarterly.IIt can be said that SPY stock is as safe as you can get in terms of investment. 2021 has been a bu
$Amazon.com(AMZN)$fourth-quarter earnings report surprised even the most bearish analysts. The company reported significant increases, mostly thanks to its cloud segment, AWS, and its Rivian stake. The company's e-commerce segment also presented surprisingly good results. Amazon is a massive company with great growth potential. It's stock price seems to be more sensitive to e-commerce growth than it is to any of its other segments. On top of ongoing supply-chain constraints and labor shortages, the war between Russia and Ukraine might make U.S. inflation even worse than predicted.Is Amazon stock a buy now that it announced a giant 20-for-1 stock split, its first in more than two decades, along with a $10 billion buyback plan? It is&
For $Sea Ltd(SE)$the price had dropped quite substantially over the past 6 months (62%). It has lost more than half of its value during the past year. Many claim SE stock is still a strong sell because the current market climate isn’t very receptive to growth stocks.One key reason is because Tencent sold $3bn of it in early Jan.$TENCENT(00700)$sold the shares at $208 apiece, a discount of 6.9% to the previous close. After the sale, Tencent's stake in Sea Ltd declined from 21.3% to 18.7%.“This drop is painful, and you might be feeling frustrated, disheartened, or worried about Sea’s future, Do not fear: we are in a strong position internally, and we are clear on our next steps. This is short-