Billionaire Stocks For An October Market Rebound | The lessons from Microsoft’s startling comeback | Powerball Jackpot Rises To $1.4 Billion—Here’s What The Winner Will Take Home After Taxes | How to Build Trust, According to the Founder of G2

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Billionaire Stocks For An October Market Rebound - Forbes

The month of October has a well-earned reputation as a spooky stretch of time for stock market investors because of frightful wipeouts in 1929, 1987 and 2008. A broader look at historical returns, however, shows that October is also a month for producing fourth-quarter market rebounds.

“The S&P 500 gained an average 5.0% during the fourth quarter of all years since 1990, rising in price 82% of the time, and all sizes, styles, and sectors posted average advances of 2.1% or better, led by the Nasdaq Composite, mid- and small caps, along with the technology, industrials, and materials sectors,” says Chief Investment Strategist Sam Stovall of CFRA Research. “In the fourth quarter of pre-election years, results were even more impressive, with the S&P 500 gaining an average of 7.7% and rising in price 88% of the time–100% of the time on a total-return basis for first-term presidents since World War II.”

Stock market weakness in the two months preceding October stacks the deck even more in favor of the bulls.

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The lessons from Microsoft’s startling comeback - The Economist

“It is kinda like the Nineties are back,“ crowed Satya Nadella, the boss of Microsoft, at a product launch in New York on September 21st. He was referring to the glory days of the software giant, when its Windows operating system was ubiquitous, profits were soaring and revenues routinely grew by more than 30% a year. For a while Microsoft became the most valuable company in the world. But success bred complacency. By the early 2010s sales growth had slowed and profit margins had shrunk.

In the 2020s Microsoft has enjoyed a new heyday. Mr Nadella has put cloud computing at the centre of the firm, rather than Windows, which has helped trim costs and boost profits. The company’s operating margin has fattened from 29% in 2014 to 43%, the highest among America’s biggest 50 non-financial firms by revenue. Investors seem happy. Since the prospect of tighter monetary policy triggered a sell-off in tech stocks in November 2021, Microsoft’s share price has beaten all its big rivals bar Apple.

Now Mr Nadella is charging ahead with another bold reorganisation, this time around artificial intelligence (AI). Thanks in large part to its investment in OpenAI, the startup behind ChatGPT, Microsoft has become the go-to firm for AI tools. A year ago most observers would have said that was Alphabet, Google’s parent company, or Meta, Facebook’s parent. And ai may propel Microsoft higher still, helping it reclaim the crown as the world’s biggest company from Apple. Its remarkable reinvention holds wider lessons for businesses.

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Powerball Jackpot Rises To $1.4 Billion—Here’s What The Winner Will Take Home After Taxes - Forbes

The Powerball jackpot climbed to $1.4 billionâthe fifth largest in U.S. historyâafter no tickets matched all six numbers drawn on Wednesday night, although the winner will end up with a much smaller amount after paying their tax bill.

A Powerball ticket is seen on a counter after being purchased in a store in Miami, Florida.

If a winner emerges in the next draw, they can choose between a $1.4 billion payout spread over 30 annual installments or a lump sum amount of $643.7 millionâusually the more popular choice.

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How to Build Trust, According to the Founder of G2 - Inc.com

Welcome to Inc.'s Founders Project podcast with Alexa Von Tobel, where we bring you tales of guts, inspiration, and drive that define the entrepreneurs building the future. Each week, we dig into a founder's professional playbook and uncover what makes them tick. On this week's episode:

Serial entrepreneur Godard Abel is the co-founder and CEO of G2, the world's largest and most trusted software marketplace, used by over 80 million people. Before launching G2, Abel founded software companies Big Machines (acquired by Oracle) and SteelBrick (acquired by Salesforce). Abel shares how to find joy in the ups and downs of the entrepreneurial journey, how to build a community of trusted peers, and why he believes A.I. will change everything.

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