FedEx Corp on Tuesday issued its second warning for fiscal 2020 profit as it spent heavily to launch Sunday delivery in time for the holidays, the continued tariff fight restrained global trade, and it grappled with fallout from its breakup with Amazon.com.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […] …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
PG&E Corp said on Tuesday it submitted a multi-party settlement agreement related to the 2017 and 2018 wildfires in Northern California to the California Public Utilities Commission (CPUC).
Asian stocks took a breather at 18-month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking its wounds as revived Brexit fears came back to bite it.
(Bloomberg) — California utility regulators have reached a settlement with PG&E Corp. over violations tied to catastrophic wildfires ignited by the company’s power lines in 2017 and 2018.The proposed settlement would bar PG&E from recovering $1.625 billion in wildfire-related costs from ratepayers and would have the company spending $50 million for system enhancements and community engagement, according to the California Public Utilities Commission.The deal, which still needs to be approved by the commission, eliminates some overhang for PG&E. The company was forced into bankruptcy in January after its equipment was found to have ignited deadly wildfires in 2017 and 2018, …read more […]
Shared workplace operator WeWork said on Tuesday it has arranged a $1.75 billion letter of credit with Goldman Sachs that is in the process of being syndicated and whose funds are expected to be available in January.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […] …read more […]
Dec.17 — Gene Munster, Loup Ventures co-founder and Pierre Ferragu of New Street Research, talk about Apple’s performance in 2019. They appear on “Bloomberg Technology.” …read more […]
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September […] …read more […]
FedEx delivered fiscal second-quarter results that missed consensus expectations and lowered its profit outlook again amid escalating competition from e-commerce giant Amazon. …read more […]
Shares fell 6.5% in after-hours trade to $152.58 after FedEx also said the late arrival of Thanksgiving shifted revenue from the Cyber Week holiday delivery surge into December, hurting results in its quarter ended Nov. 30. FedEx’s adjusted net income fell almost 39% to $660 million, or $2.51 per share, for the fiscal second quarter, missing analysts’ average estimate for a profit of $2.76 a share, according to IBES data from Refinitiv. In September, FedEx lowered its earnings forecast for the year ending May 31, 2020, to $11 to $13 per share. …read more […]
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