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Trading Ideas

Broadcom full-year forecast gets a 5G boost

The company also beat fourth-quarter revenue and profit estimates, boosted by growth in the software business that helps to manage and secure applications across mobile, cloud and mainframe platforms. Broadcom has diversified its revenue streams and ramped up its infrastructure software business through several acquisitions, the latest being a $10.7 billion (£8.34 billion) deal for Symantec Corp’s enterprise security unit, as its semiconductor business came under pressure from the prolonged U.S.-China trade war and sanctions on China’s Huawei Technologies. Semiconductor business will return to year-over-year growth in the second half of the company’s fiscal year, Chief Executive Officer …read more […]

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Trading Ideas

The Grandparents’ Guide to 529s

Being a grandparent is, by all accounts, one of life’s greatest pleasures. You get all the joy of parenting without the daily responsibilities.
And no matter how close – literally or figuratively – you are to the next generation, you can play a huge role in a grandchild’s life by helping fund their college education.
A 529 plan is the best vehicle for most grandparents to help their grandkids pay for college. It definitely beats a birthday check or holiday sweater.
(It’s also a great choice for parents who want to help their children by saving early!)
Assets in a 529 grow tax-free, and …read more […]

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Trading Ideas

Lyft launches rental option on app

Lyft Inc on Thursday launched a rental option on its app that will allow certain riders in San Francisco Bay Area and Los Angeles to rent cars, the ride-hailing company said on a blog post. The loss-making company and its larger rival Uber Technologies Inc have over the years relied on heavy subsidies to attract riders, and are also spending to expand into other areas. As rental companies gobble up more and more cars at discounted prices, margins of carmakers like General Motors are imploding, particularly in Sao Paulo, Uber’s busiest city in the world. …read more […]

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Trading Ideas

Following the Insider Buying on Cleveland-Cliffs

Insider buying is one of my favorite signals for entering an investment. But it’s not as simple as seeing just one or even two insiders buying their own shares and then following suit. If that were the case, I’d have a hundred more positions in my portfolio every month.
You see, insiders buy all the time. But it has proven very successful to follow a certain pattern of insider buying…
It’s called cluster buying.
What this means is that more than two insiders buy their own shares in the open market at varying prices – usually at higher prices.
And the best signals to …read more […]

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Domo Inc. (DOMO): Hedge Funds In Wait-and-See Mode

The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […] …read more […]

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Business News

U.S. regulator weighs action against Facebook over how its apps interact -report

The U.S. Federal Trade Commission is considering seeking a preliminary injunction against Facebook Inc because of concerns that policies about how its apps interact violate antitrust law, The Wall Street Journal reported on Thursday, citing people familiar with the matter.

…read more […]