Dec.11 — Kevin Arquit, Kasowitz Benson Torres partner and Bloomberg Intelligence’s Jennifer Rie discuss the latest in the T-mobile, Sprint merger. They speak with Bloomberg’s David Westin on “Balance of Power.” …read more […]
Despite beating revenue and earnings expectations for Q3, Lululemon stock is down in after hours trading. …read more […]
Hamm will be replaced by William Berry, a former ConocoPhillips executive and Continental board member, as of Jan. 1, and become executive chairman. Hamm was an informal campaign adviser to U.S. President Donald Trump in 2016 and was considered for a U.S. cabinet post. Shares of Continental closed at $33.30 on Wednesday, up a fraction prior to the announcement. …read more […]
Continental Resources said on Wednesday founder Harold Hamm will step down as chief executive officer of the oil and gas producer and will be replaced by William Berry .
Oil stocks are about as popular as gangsta rap at a nursing home.
Wannabe tough guy rappers brag about money that they don’t really have. Meanwhile, investors in oil stocks are (to quote Rakim, one of the greatest rappers of all time) “paid in full.”
Climate change and the negative impact of burning fossil fuel have oil companies out of favor. College students protest their existence, and some investment managers shy away from them for social reasons.
Yet despite low oil prices, these companies continue to generate tons of cash flow.
I last covered BP (NYSE: BP) in Safety Net back in February. At …read more […]
The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election.
Wall Street’s main stock indexes ended modestly higher on Wednesday after the U.S. Federal Reserve held interest rates steady and signaled that borrowing costs are likely to remain unchanged indefinitely.
Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time – a positive for risk assets – while oil prices fell after data showed an unexpected increase in U.S. crude inventories.
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […] …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 […]
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. We at Insider Monkey have plowed through 752 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]
Does ABIOMED, Inc. (NASDAQ:ABMD) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend to […] …read more […]
Whenever you have a trading day when a critical Fed decision comes out later in the afternoon – you typically see a muted trading session leading up to that release.
After all, traders typically aren’t willing to commit a large amount of new capital in front of an announcement that could send the major market averages zooming in either direction.
When it comes to Fed reactions, the market’s direction is usually a coin-flip scenario that hinges upon the interpretation of one seemingly irrelevant word in the statement, such as “but” or “however.”
I know, it seems pretty ridiculous…
Leading up to this announcement, Federal …read more […]
Intel Corp has hired Gary Patton, who was chief technology officer at semiconductor maker GlobalFoundries, according to an internal Intel memo seen by Reuters on Wednesday.
Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren’t very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability […] …read more […]
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