As the second quarter earnings season approaches, Mahoney Asset Management chief executive officer Ken Mahoney joins Wealth! to share his insights on investing strategies in the current industry environment.
Mahoney advises investors not to “overdo the Fed [Federal Reserve]” by fixating on whether officials will or won’t cut finance charge rates. Instead, he suggests investors pay close attention to firms that are not only beating expectations but also raising guidance. These companies, he suggests, may offer more reliable funding prospects.
Turning to the topic of meme equities, Mahoney points to Tesla (TSLA) as a concern. “I would be careful buying Tesla at these levels,” he cautions, citing the firm’s recent price reductions and the “erratic” behavior of chief executive officer Elon Musk as factors that could impact the stock’s development.
#stockmarket #elonmusk #Tesla
About Yahoo financial:
Yahoo financial provides free stock ticker data, up-to-date news, collection of investments management resources, comprehensive industry data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at financial.yahoo.com
– Download the Yahoo financial app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo financial on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/firm/yahoo-financial
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reasons.