Cole Smead

The stock market is on the brink of a significant correction, according to a prominent Wall Street strategist. What Happened: Tom Lee, a well-known equity strategist at Fundstrat, has warned investors that a stock market correction is imminent. This prediction comes on the heels of a 21% surge in...

The US stock market could be in a precarious position due to robust job numbers and wage growth, which suggest that the Federal Reserve’s interest rate hikes may not be having the desired impact, warns Cole Smead, CEO of Smead Capital Management. What Happened: As CNBC reported on Monday,...

Walgreens Boots Alliance Inc (NASDAQ: WBA) is reportedly evaluating an offer to sell itself to private equity giant KKR, and Warren Buffett could insert himself into the saga, a portfolio manager told CNBC Tuesday.  Wall Street analysts and the financial media community are almost unified in...