Jimmy Butts is the Chief Investment Strategist for Maximum Profit and Capital Wealth Letter, and a regular contributor to StreetAuthority Insider. Prior to joining StreetAuthority, Jimmy came from the financial services and banking industry where he worked as a Financial Advisor. There he specialized in providing customized retirement solutions for individuals. Jimmy graduated from Boise State University with a degree in business administration and finance. He also spent multiple years studying language, international business and finance in both Germany and Buenos Aires, Argentina. At one point he held his series 6, 63, 65 and 26 securities licenses. When he's not combing through financial statements or reading about finance, Jimmy enjoys being outdoors.

Analyst Articles

If you watched closely enough, Wednesday and Thursday were some of the most insane days in terms of price movement for individual stocks since the whole “meme” stock thing happened in 2020. Yet this time, instead of a rogue group of traders on Reddit causing the shenanigans, it was earnings season. To put it simply, a number of big factors are causing some incredibly volatile action in some big firms as they report fourth-quarter results. Those results (and the bonkers-level price action) have been a mixed bag: some good and some bad. Let’s start with one example of the bad…… Read More

If you watched closely enough, Wednesday and Thursday were some of the most insane days in terms of price movement for individual stocks since the whole “meme” stock thing happened in 2020. Yet this time, instead of a rogue group of traders on Reddit causing the shenanigans, it was earnings season. To put it simply, a number of big factors are causing some incredibly volatile action in some big firms as they report fourth-quarter results. Those results (and the bonkers-level price action) have been a mixed bag: some good and some bad. Let’s start with one example of the bad… Meta Platforms (Nasdaq: FB) – formerly known as Facebook – plunged by about 25% on Wednesday. The company missed analyst targets on both earnings and revenue. It also reported the first drop in total users in the company’s history. Oh, and the new Apple privacy changes will cost the company about $10 billion this year. Did I mention that they also issued guidance that fell short of analyst expectations? All told, the carnage amounted to a $230 billion loss in market cap. That’s never happened before. Seeing as how FB’s weight in the S&P 500 is about 2%, that was… Read More

Back in the summer of 1996, and I had a few months to relax before starting my senior year of college. I wasn’t really looking for work, but like most students, was a little short on funds. So when I saw a poster for a marketing intern position (this was long before internet job sites), I decided to turn in an application. A few days later, I was the newest hire at Premier Bank, a Baton-Rouge-based lender with 150 branches scattered throughout Louisiana. The position had nothing to do with my chosen fields of finance and investment management. But it… Read More

Back in the summer of 1996, and I had a few months to relax before starting my senior year of college. I wasn’t really looking for work, but like most students, was a little short on funds. So when I saw a poster for a marketing intern position (this was long before internet job sites), I decided to turn in an application. A few days later, I was the newest hire at Premier Bank, a Baton-Rouge-based lender with 150 branches scattered throughout Louisiana. The position had nothing to do with my chosen fields of finance and investment management. But it was an easy gig. My primary responsibility was to rotate from branch to branch instructing customers how to deposit checks using the ATM. How things change. Today, you can make an electronic deposit from your mobile phone without ever leaving the house. I came onboard during a time of transition. Premier Bank had been recently acquired by Bank One. So with new branding inside and new signage outside, much of my workday also consisted of informing customers of the switch and assuring them that their accounts were still in good hands. I’ve probably still got an old Bank One checkbook… Read More