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Trading Ideas

Software Stocks in Free Fall With ServiceNow Results on Deck

(Bloomberg) — An ugly two months for software stocks is getting worse, and bullish investors are looking to earnings reports this week from ServiceNow Inc. and Microsoft Corp. to stem the tide.Zoom Video Communications Inc. and ServiceNow fell more than 5% on Tuesday, each extending losing streaks to a fifth consecutive day. The group has been under renewed pressure since last week, despite an earnings report from Atlassian Corp. that was praised by analysts. ServiceNow reports Wednesday afternoon, followed by Microsoft Corp. on Thursday.“We all know there’s some frothiness in some of these specialty software as a service companies,” said …read more […]

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Business News

Exclusive: Blackstone, CVC seek to take Paysafe public – sources

Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter.

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Trading Ideas

Hedge Funds Aren’t Crazy About Noble Energy (NBL) As They Were in 2016

The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don’t follow. Because of their pay structures, they have strong incentives to do the research necessary […] …read more […]

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Trading Ideas

Is Gildan Activewear Inc (GIL) A Good Stock To Buy?

Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […] …read more […]

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Trading Ideas

Were Hedge Funds Right About Selling United Rentals (URI)?

Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […] …read more […]