Stock

Exploring SCHY’s Complex Stock Selection Model: Innovative or Overengineered?

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New York — Amid the myriad of investment options that span across borders, the Schwab International Dividend Equity ETF (SCHY) differentiates itself by specifically targeting non-US stocks with a robust history of dividend payment. Launched in April 2021, this ETF seeks out high-yielding stocks from the Dow Jones ex-US Large Cap and Mid Cap indexes that have demonstrated a consistent dividend payout for at least ten years. SCHY’s approach is methodical and detailed, deploying multiple stages of filters to select stocks. Initially, stocks must surpass certain market-cap and daily volume thresholds alongside a minimum indicated … Read more

Enphase Energy Faces Class Action Lawsuit Over Alleged Inflated Stock Prices and Misleading Statements

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Fremont, Calif. — A recent lawsuit has positioned Enphase Energy, Inc. at the center of a significant legal battle over its stock prices. Filed on May 29, 2024, the class action suit represents shareholders who allege they purchased company stock at inflated prices between February 7, 2023, and April 25, 2023. The plaintiffs now seek reparations for their claimed losses, citing misleading statements by the company and certain top executives which they argue led to an artificial inflation of stock values. Enphase Energy, recognized globally for its advanced solar generation, storage, and energy management solutions, … Read more

Warren Buffett’s Stance on Apple Stock: Will the DOJ Antitrust Lawsuit Affect His Investment?

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Omaha, NE – Warren Buffett, the renowned billionaire investor, has been a long-time supporter of Apple (NASDAQ: AAPL). However, recent reports suggest that Buffett’s enthusiasm for the tech giant may be waning. In the fourth quarter of 2023, Buffett’s company, Berkshire Hathaway, reduced its stake in Apple. This decision was made prior to the announcement from the U.S. Department of Justice (DOJ) that they, along with 16 state and district attorneys general, were filing an antitrust lawsuit against Apple. The lawsuit alleges that Apple violated antitrust laws by maintaining a monopoly in the smartphone market. … Read more

Reckitt Benckiser Stock Plunges 15% as Jury Awards $60 Million in Damages Over Enfamil Baby Formula

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BELLEVILLE, Ill. – Reckitt Benckiser Group Plc, a UK consumer goods company, experienced a sharp decline in stock prices following a court ruling that awarded $60 million in damages to an Illinois woman. The jury determined that the company’s Enfamil baby formula played a role in the death of her premature baby. This case marks the first of its kind to proceed to trial in the United States. The verdict caused a 15% drop in Reckitt Benckiser Group’s stock, resulting in the company’s lowest level in a decade. This decline wiped out approximately £5.4 billion … Read more