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Trading Ideas

Hedge Funds Are Dumping Texas Roadhouse Inc (TXRH)

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […] …read more […]

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Trading Ideas

Should You Buy Portola Pharmaceuticals Inc (PTLA)?

Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in Q4 of 2018 due to various reasons. Nevertheless, the data show elite investors’ consensus picks have done well on average over the long-term. The top 20 stocks among hedge funds beat […] …read more […]

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Is Solaredge Technologies Inc (SEDG) Going To Burn These Hedge Funds ?

Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 26% in 2019 (through November 22nd). Conversely, hedge […] …read more […]

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Business News

Exclusive: Hyundai’s $1.8 billion deal with Daewoo faces EU probe – sources

World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival shipbuilder Daewoo is expected to face a full-scale investigation in Europe due to serious EU antitrust concerns, two people familiar with the matter said on Monday.

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Business News

Bankrupt PG&E to take $4.9 billion more charge on wildfire victim claims

PG&E Corp said https://www.sec.gov/ix?doc=/Archives/edgar/data/75488/000095015719001393/form8-k.htm on Monday it would take a pretax charge of $4.9 billion in the current quarter related to the settlement of claims from victims of some of most devastating wildfires in California’s modern history.

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Trading Ideas

All Eyes on These 3 Biotech Stocks Ahead of December’s FDA Decisions

Searching for the stocks that can treat you to huge rewards overnight? Look no further than the biotech industry. Regardless of trade wars, economic data and market sentiment, a single positive catalyst like favorable data or an important regulatory decision can drive share prices through the roof. Just remember that these stocks carry substantial risk, too, as the opposite holds true.Having said that, the Street’s seasoned pros remind investors that positive data doesn’t necessarily mean that a drug will receive approval from the FDA. So, when biotechs near these important FDA verdicts, it’s a signal to investors to pay close …read more […]

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Trading Ideas

Israel tells energy companies to hold fire on Cyprus gas project

Israel’s Energy Ministry has advised three energy companies not to start work on the Aphrodite gas field off Cyprus until the two countries reach agreement over ownership of the reserves. Cyprus and Israel have been in dispute for several years over the gas reserves that straddle their maritime border, with no guarantee of any immediate resolution. Cyprus last month signed a 25-year concession with Noble Energy, Shell and Delek Drilling for exploitation of the Aphrodite field, which was first discovered in 2011. …read more […]

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Hudson’s Bay Slams ISS Report Advising Against Go-Private Bid

(Bloomberg) — Hudson’s Bay Co. disparaged a shareholder advisory firm’s report that came out against Chairman Richard Baker’s plan to take the retailer private, calling the study “flawed” and reiterating a call to support the deal.Institutional Shareholder Services Inc. on Friday urged investors to vote against Baker and his partners’ plans to take the owner of Saks Fifth Avenue private for C$1.9 billion ($1.4 billion). In a statement Monday, HBC’s special committee defended its decision to reject a higher competing offer from one of Hudson’s Bay’s biggest shareholder.The Baker offer “is the only offer available to minority shareholders and provides …read more […]

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Nokia halts legal action against Daimler with mediation offer

Finnish telecoms equipment maker Nokia has called a temporary halt to legal action against Daimler in the hope the German carmaker will be open to mediation in their dispute over technology licensing fees. Daimler, along with Bury Technologies, Continental , Valeo and Thales-owned Gemalto had complained to the European Commission this year about fees demanded by Nokia for patents crucial to car communications. Nokia’s case in pursuit of fees from Daimler has thrown a spotlight on the wider battle between tech companies and the car industry over royalties for technologies essential for navigation systems, …read more […]