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Alibaba Singles’ Day Hit $858 Million Sales in First Minute

(Bloomberg) — Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza got off to a strong start, logging 61 billion yuan ($8.7 billion) of purchases within the first 20 minutes.An estimated half-billion shoppers from China to Russia and Argentina are expected to swarm the e-commerce giant’s sites to scoop up everything from iPhones and refrigerators to cashew nuts. The company again hosted a televised entertainment revue in Shanghai to run alongside the bargain-hunting, this time enlisting Taylor Swift and Asian pop icon G.E.M. to try and pump up sales.The world’s largest shopping event has become an annual ritual for Asia’s largest …read more […]

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Earnings: 3 ‘Strong Buy’ Stocks to Watch Monday

Earnings season is in full swing, and investors are busy parsing the reports to pinpoint compelling investments. But finding the right investment requires data – how is the stock performing, and how has it performed over time; what macroeconomic events are impacting the stock; what are Wall Street’s analysts saying about it?In short, there’s an enormous amount of data out there to mull over and deciphering it all can be intimidating to say the least. That’s where TipRanks.com comes in. TipRanks uses natural language algorithms to sift through the market data and analyst reports on over 5,500 publicly traded stocks, …read more […]

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Wedgewood Reduces Stake in Ulta Beauty, Offers Outlook on These Three Stocks

Wedgewood Partners, a St. Louis, Missouri-based investment firm, has released its 2019 Q3 investor letter – you can download a copy here. The investment firm reported mixed results for the quarter, with composite returns largely flat at 0.39% for the quarter. Meanwhile, the benchmark Russell 1000 Growth Index and the S&P 500 Index gained 1.49% and 1.87%, respectively. Wedgewood Partners wrote extensively […] …read more […]

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Oakmark Funds On Humana, Baxter International and News Corp

Oakmark Funds released its 2019 Q3 letter to investors giving its commentary on a number of its positions, highlighting the investment strategy and stock picks for the quarter- download a copy here. The investment management company did not have a good quarter, losing 2.1%, while the S&P 500 gained 1.7%. For the fiscal year ending September 30, […] …read more […]

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Mailbag: Understanding Startup Investing Rounds, Avoiding Uber and Lyft

Q: How many funding rounds do startups typically go through? And is there any way to predict how many there will be?
A: No, there’s no good way of knowing. It’s subject to many factors – how fast a company goes through its funding… how much it raises per round… when it becomes self-sustaining… how willing the founders are to dilute their equity stake… and whether the founders are open to a buyout or are determined to take their company public via an IPO.
A company is twice as likely to get bought out than to IPO. And buyouts can happen at …read more […]