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Hedge Funds Have Never Been More Bullish On Adobe Inc. (ADBE)

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […] …read more […]

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Gas ‘Witch’s Brew’ Has U.S. Exporters Facing Worst-Case Scenario

(Bloomberg) — A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance.Prices for the heating and power-plant fuel may collapse in Europe and Asia next year to levels that would force U.S. liquefied natural gas suppliers to curb output, Citigroup Inc. said in a note to clients last week. Morgan Stanley sees as much as 2.7 billion cubic feet a day of American exports curtailed around the second or third quarter, assuming normal weather. That’s about half the volume now being …read more […]

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UPDATE 1-HP reiterates its rejection of Xerox's offer to buy the company

The personal computer maker said last Sunday it rebuffed Xerox’s offer, and that it was open to exploring its own bid for the U.S. printer maker. Xerox had offered HP shareholders $22 per share, involving $17 in cash and 0.137 Xerox share for each HP share, according to a Nov. 5 letter. “We reiterate that we reject Xerox’s proposal as it significantly undervalues HP,” HP said in a letter to Xerox made public on Sunday. …read more […]

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U.S. Stock Futures Rise as Trade News Considered: Markets Wrap

(Bloomberg) — American equity futures advanced as investors monitored the latest on U.S.-China trade. Currencies saw muted moves.S&P 500 futures edged up in early trading and Australian shares opened higher, while contracts signaled a mixed start elsewhere for Asian equities. In the latest on trade: China said over the weekend it will raise penalties on intellectual property violations as it tries to smooth over one of the sticking points in discussions with the U.S. The S&P 500 Index nudged up Friday after President Donald Trump said he was “very close” to a trade pact with China.Global stocks are on course …read more […]

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Carl Icahn to Seek Control of Occidental’s Board

(Bloomberg) — Carl Icahn plans to nominate a slate of 10 directors in an attempt to seize control of the board of U.S. oil and gas producer Occidental Petroleum Corp., according to people familiar with the matter.The billionaire investor, who owns a stake in the company valued at about $1 billion, plans to make his move before the Nov. 29 deadline for nominations, said the people, who asked not to be identified because the matter is private.A representative for Icahn declined to comment, while a representative for Occidental wasn’t immediately available for comment.Icahn has been a vocal critic of the …read more […]

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SoftBank to go ahead with WeWork stock tender offer this week

NEW YORK/BANGALORE (Reuters) – SoftBank Group Corp will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company’s cofounder Adam Neumann, two people familiar with the matter said. The tender offer to the founders, investors and employees owning stock was expected to launch earlier this month but was delayed after SoftBank sought technical revisions to the offer documents, according to the sources. Last Thursday, Bloomberg reported that executives at SoftBank, the giant Japanese technology investment company, had been looking …read more […]

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Were Hedge Funds Right About Dumping Himax Technologies, Inc. (HIMX)?

Is Himax Technologies, Inc. (NASDAQ:HIMX) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after […] …read more […]