Month: October 2019

The game is a fresh take on the popular Modern Warfare sub series of the Call of Duty franchise that was initially launched in 2007 and has since become a rage among gamers. Michael Pachter, managing director at Wedbush Securities, estimates that the new game will sell 20 million units by the end of the year, while Doug Creutz at brokerage Cowen forecast unit sales of mid-20 million in the fourth quarter. A beta version of the game was released in September and has become the largest in the history of Call of Duty in terms of users, …read more […]

Oct 24 (Reuters) – “Call of Duty: Modern Warfare”, the reboot of the widely popular first-person shooter game, will launch on Friday and is set to become another billion-dollar hit for publisher Activision Blizzard Inc. The game is a fresh take on the popular Modern Warfare sub series of the Call of Duty franchise that was initially launched in 2007 and has since become a rage among gamers. Michael Pachter, managing director at Wedbush Securities, estimates that the new game will sell 20 million units by the end of the year, while Doug Creutz at brokerage Cowen forecast …read more […]

We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds’ top 3 stock picks returned 34.4% this year and beat the S&P […] …read more […]

If you’re looking for the ultimate China play, look no further than Freeport-McMoRan (NYSE: FCX), one of the largest copper producers in the world. The company’s largest mine is called Grasberg – it’s located in Indonesia, and it has been producing huge amounts of copper for years.
But in recent years, Freeport-McMoRan ran into issues with the Indonesian government and had to slow production while new terms were negotiated. Thankfully, that is behind the company now.
But Freeport-McMoRan has also made some poor management decisions, like buying into an oil and gas company at the peak of the market several years ago.
That’s …read more […]

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […] …read more […]

We at Insider Monkey have gone over 730 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of June 28th. In this article, we look at what those funds think of BlackBerry Limited (NYSE:BB) based on that data. […] …read more […]

(Bloomberg) — Amazon.com Inc. reported its first quarterly profit decline in more than two years, missing analysts’ estimates, amid higher spending to speed package delivery. Shares fell more than 7% in extended trading.Third-quarter earnings were $4.23 a share, compared with $5.75 in the period a year earlier, the Seattle-based company said Thursday in a statement. Analysts, on average, estimated $4.59 a share, according to data compiled by Bloomberg. Amazon projected operating income of $1.2 billion to $2.9 billion in the current quarter compared with analysts’ estimate of $4.31 billion.Investors have been keeping a close watch on Amazon’s spending plans as …read more […]

Intel shares reacting after it reports earnings that beat estimates. Intel reported an EPS of $1.42, beating its estimated EPS of $1.24. Yahoo Finance’s Jen Rogers, Rick Newman and Jared Blikre discuss on The Final Round. …read more […]