Fast Money Blog- 12/8/23
The week ending Friday, December 8th, was absolutely sensational for Wall Street traders and investors. Here are a few highlights and reasons why:
This week it was announced that Uber Technologies (UBER) will be added to the S&P 500 as of Monday, December 18th. In the weeks to come I will be discussing whether or not Uber makes a great date.
On Wednesday, December 6th, Mastercard Incorporated (MA) announced a 16% hike in the quarterly cash dividend, which will bring it to 66 cents per share compared with the current dividend of 57 cents per share. The hiked dividend will be paid out on Feb 9, 2024, to common shareholders of record as of Jan 9, 2024.
Shares of Apple, Inc. (AAPL) finally pushed past the hurdle holding them at around $190, to reach a high of $195.30.
Based on economic data along with fundamentals, I except WI stocks to rise significantly over the next 52 weeks.
Stay Open! Stay Positive!
Tyrone Jackson, The Wealthy Investor