Tesla, Walt Disney and Spirit Airlines fall premarket; Instacart rises

Tesla, Walt Disney and Spirit Airlines fall premarket; Instacart rises

Tesla Walt Disney Pre market Spirit airlines

On Wednesday, U.S. futures experienced a decline amid concerns that anticipated interest rate cuts by the Federal Reserve might be postponed. Notable movements in premarket U.S. stocks today include:

  • Walt Disney (NYSE: DIS) saw a 0.8% decline as the entertainment giant rejected board nominees from activist investors, citing substantial progress by the current leadership in executing a comprehensive company overhaul.

  • Tesla (NASDAQ: TSLA) witnessed a 1.2% decrease after reducing prices for its Model Y cars in Germany, where it recently lost its top electric vehicle seller status to Volkswagen (ETR: VOWG_p) in 2023. This follows a week after price cuts for its Model 3 and Model Y in China.

  • Spirit Airlines (NYSE: SAVE) experienced a significant 20% drop, extending the previous session’s decline, as a U.S. judge blocked JetBlue (NASDAQ: JBLU), down 1.8%, from acquiring the carrier due to competition concerns.

  • Charles Schwab (NYSE: SCHW) shares rose by 1.2% after the broker’s fourth-quarter profit exceeded expectations, despite a significant decrease, while its revenue fell slightly short.

  • Interactive Brokers (NASDAQ: IBKR) observed a 3.1% decrease following the posting of downbeat fourth-quarter revenue in the financial services sector.

  • Manchester United (NYSE: MANU) stock fell by 0.9% after the English soccer club lowered its full-year revenue and profit forecasts due to its elimination from this season’s European Champions League football tournament.

  • Alibaba (NYSE: BABA) ADRs experienced a 2.8% decline, JD (NASDAQ: JD) ADRs dropped 4.3%, and Baidu (NASDAQ: BIDU) stock fell 4.7%, with the Chinese e-commerce giants affected by weaker-than-expected growth data.

  • Instacart (NASDAQ: CART) stock rose by 3% after Wolfe Research upgraded the delivery company to ‘outperform’ from ‘peer perform,’ citing potential enhancements in logistics and advertising to foster robust revenue growth.

END OF ARCTICLE

Explained: What is crypto phishing scam and how you can stay safe

Explained: What is crypto phishing scam and how you can stay safe

Pics by Pexels.com

A crypto phishing scam is a deceitful scheme aimed at coaxing people into divulging their private keys of Crypto or other crucial information linked to their crypto currency holdings. This could ultimately result in the theft of their digital assets. Stay cautious and protect your valuable holdings

Various crypto phishing scams include:

Masquerading as a trustworthy entity: Scammers often go to great lengths, setting up deceptive websites, emails, or social media profiles that mimic established crypto currency exchanges, wallets, or investment firms. Their goal is to entice unsuspecting victims with tempting offers such as high returns, giveaways, or exclusive access to new tokens. Stay cautious and steer clear of falling for these schemes. Your awareness is your best defense.

Deceptive links and malicious software: Scammers may send emails or messages with links that lead to fake websites, aiming to steal login credentials or private keys upon clicking. Additionally, these links or attachments might contain malware, infecting the victim’s device and extracting information.

False customer support: Scammers pose as customer support representatives from legitimate platforms, offering assistance with technical issues or account recovery. They exploit this guise to trick victims into revealing private keys or sending funds to a fraudulent address.

Social manipulation: Using various tactics, scammers build trust with victims through personalized advice, creating a sense of urgency, or exploiting the fear of missing out on lucrative opportunities. Staying vigilant and recognizing these deceitful methods is crucial for protection.

* Never share your private keys or seed phrases with anyone.
* Be cautious of unsolicited offers and links.
* Verify the legitimacy of any platform or individual before interacting with them.
* Use strong passwords and enable two-factor authentication.
* Keep your software updated and use a reputable antivirus program.
* Report any suspicious activity to the appropriate authorities.

END OF ARTICLE
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In the financial realm, Warren Buffett stands as an unparalleled figure, a billionaire whose stock-picking prowess has not only secured his fortune but has also generated staggering wealth for countless investors. Since assuming control of Berkshire Hathaway in 1965, the company’s shares have consistently outperformed the S&P 500, doubling its annual return. Despite his remarkable success, Buffett’s investment advice remains refreshingly straightforward. At Berkshire’s 2021 annual meeting, he reiterated a consistent recommendation: “I recommend the S&P 500 index fund, and have for a long, long time to people.”

Dive into the simplicity of Buffett’s counsel, as he underscores the enduring power of the S&P 500 index fund. Investors, seeking not just guidance but a reliable path to wealth, may find this recommendation surprisingly consistent. Uncover the potential as we unravel how this sage advice could systematically grow a modest $400 monthly investment into an impressive sum of $847,800, providing patient investors with a compelling strategy for financial success.

The Vanguard S&P 500 ETF

Introducing the Vanguard S&P 500 ETF (NYSEMKT: VOO) – your portal to the dynamic landscape of U.S. businesses. This ETF isn’t just a symbol; it’s a glimpse into the performance of 500 American companies across all 11 market sectors. Beyond statistics, it’s an exploration of value and growth stocks, covering 80% of the domestic equities market and over 50% of the global equities market. In essence, this index fund transcends mere investment; it’s an immersion in the success stories of leading enterprises worldwide. Picture Microsoft, the trailblazer in enterprise software; Apple, the titan of consumer electronics; Alphabet, the innovator in digital advertising; Amazon, the marvel of cloud computing; and Nvidia, shaping the future with artificial intelligence chips. The Vanguard S&P 500 ETF isn’t just about numbers – it’s your pass to narratives of innovation and progress.

Warren Buffett’s perspective on stock picking for the average person goes beyond mental capacity—it’s about the patience and dedication needed, commitments that many shy away from.
 

Instead of the intricacies of individual stocks, Buffett points to the S&P 500 index fund as the ideal option. This choice opens the door to a diverse array of businesses, collectively positioned for success. Over time, the S&P 500 has demonstrated its reliability, making it a solid choice for investors who embrace patience and dedication in their approach.

The S&P 500 has been a surefire investment over long periods

Investing in the S&P 500 has consistently shown profitability over 20-year periods since its inception in 1957, and its precursor demonstrated the same trend since 1926. Over the past three decades, the S&P 500 has experienced a remarkable 1,720% increase, compounding at an annual rate of 10.14%. This growth implies substantial returns: a $400 monthly investment could potentially grow to $80,500 in one decade, $292,000 in two decades, and an impressive $847,800 in three decades.

Acknowledging that not everyone may have $400 per month to invest, or some may aspire to save more, the S&P 500 emerges as a compelling avenue for steady and lucrative long-term growth.

Investors can diversify their portfolios with an S&P 500 index fund

Buffett’s view on stock picking for the average person doesn’t mean investors should be discouraged. For those willing to put in the necessary research, buying individual stocks, especially in combination with an S&P 500 index fund, can be a viable approach. Successful investing requires an understanding of individual companies and their industries. Developing this knowledge takes time, and not everyone has the capacity to regularly research every stock market sector. Here, an S&P 500 index fund becomes a valuable resource, helping to fill knowledge gaps and diversify investment portfolios. To be clear, diversification isn’t necessary for making money in the stock market, but it does help manage the risks associated with a concentrated portfolio—something I find quite compelling. In my strategy, a significant portion of my portfolio is invested in individual stocks, mainly from the technology sector, while the remainder is in the Vanguard S&P 500 ETF. I appreciate this approach for two reasons. Firstly, if my individual stocks outperform the S&P 500, my entire portfolio stands to beat the market. Secondly, even if my individual stocks fall short of the S&P 500, my portfolio can still perform well because the S&P 500 has maintained a 10.14% annual return over the last 30 years.

Is it a wise decision to invest $1,000 in the Vanguard S&P 500 ETF at the present moment?

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Vanguard S&P 500 ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Trevor Jennewine has positions in Amazon, Nvidia, Tesla, and Vanguard S&P 500 ETF. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Berkshire Hathaway, Meta Platforms, Microsoft, Nvidia, Tesla, and Vanguard S&P 500 ETF. The Motley Fool recommends UnitedHealth Group. The Motley Fool has a disclosure policy.

 

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