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Fiat appeals to Europe's top court against $33 million EU tax order

Carmaker Fiat Chrysler has lodged an appeal with Europe’s top court against an EU order to pay 30 million euros ($33 million) in Luxembourg back-taxes, seeking to overturn a lower tribunal ruling backing EU antitrust regulators. Fiat filed its appeal to the Luxembourg-based Court of Justice of the European Union (CJEU) on Wednesday, two months after the General Court dismissed its challenge against the European Commission’s 2015 ruling, the company said on Saturday. “We confirm Fiat Chrysler Finance Europe SA (FCFE) lodged an appeal with the European Court of Justice against the General Court’s judgment of 24 …read more […]

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Is Sprint Corporation (S) A Good Stock To Buy ?

We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […] …read more […]

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Is Stitch Fix, Inc. (SFIX) A Good Stock To Buy?

At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In this […] …read more […]

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Is T. Rowe Price Group, Inc. (TROW) A Good Stock To Buy ?

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 […]

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Did Hedge Funds Drop The Ball On Teva Pharmaceutical Industries Limited (TEVA) ?

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 […]

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Peloton 'wife' pops up in new advertisement

The actress who appeared in a widely criticized Christmas advertisement for exercise bike maker Peloton Interactive Inc has a new role selling gin for actor Ryan Reynolds. The tongue-in-cheek video advertisement for Aviation American Gin, tweeted by Reynolds on Friday, already has more than 4 million views. Peloton’s Christmas advertisement, called “The Gift That Gives Back,” shows the same actress receiving a Peloton bike as a gift from her husband. …read more […]

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S&P 500 Melt-Up Is So Hot It’s Making Cheerleaders Into Skeptics

(Bloomberg) — You know something strange is going on when the stock market’s most reliable optimists sound like cranks.Wall Street strategists have been thrust into just such a role at the end of 2019, as this year’s stunning recovery in the S&P 500 pushed it hundreds of points above where they thought it would be. So hot have stocks gotten that professional prognosticators are having a hard time mustering much optimism for next year.Which is unusual, for them. A reliable tradition on Wall Street is the propensity of stock strategists — as a group — to predict the same thing …read more […]