Month: February 2020

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Trading Ideas

Jim Simons: The Investing Guru Bets on These 3 Healthcare Stocks

February 19, 2020 admin Comments Off on Jim Simons: The Investing Guru Bets on These 3 Healthcare Stocks

Worth $23 billion today, former math professor Jim Simons has become one of the most successful money managers of all time. Following his departure from the world of academia in 1978, he helped jumpstart the quant investing revolution using a data-driven approach and predictive algorithms. Armed with the skills and experience acquired as a mathematician and code breaker, Simons founded hedge fund Renaissance Technologies out of a Long Island strip mall in 1982.Relying on an emotionless and hard data-focused strategy, his track record has surpassed that of other Wall Street greats like Steve Cohen, Ray Dalio and Warren Buffet, whose …read more […]

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Business News

Wall Street poised for higher open on China stimulus hopes, signs of slowing virus spread

February 19, 2020 admin Comments Off on Wall Street poised for higher open on China stimulus hopes, signs of slowing virus spread

Wall street was set for a stronger open on Wednesday as signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy helped investors shake off worries stemming from Apple’s sales warning.

…read more […]

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Trading Ideas

The Most Profitable Sector for 2020 is Minting 100-Year-Olds

February 19, 2020 admin Comments Off on The Most Profitable Sector for 2020 is Minting 100-Year-Olds

My father never dreamed he’d live past 62.
And I’ll admit, the way he lived, it’s somewhat of a surprise that he did.
He used to tell me that when he was growing up in the late 1930s and ‘40s, it seemed unfathomable to live to see 70 or 80 years of age. The life expectancy for a male in 1940 was a mere 60.8 years.
Today, it’s 78.6 years.
But here’s where it gets interesting…
A recent study by AIG Life & Retirement found that more than half of Americans plan to live to 100. I know I do, and I’m sure some of …read more […]

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Trading Ideas

Goldman Sachs: 2 Industrial Stocks to Buy, 1 to Avoid

February 19, 2020 admin Comments Off on Goldman Sachs: 2 Industrial Stocks to Buy, 1 to Avoid

The overall news regarding the US economy has been good, there’s no doubt about that. Annualized growth was 2.3% in 2019, which was nothing to write home about but still indicative of expansion. The January 2020 jobs report showed an expanding labor market as more job hunters looked for work, along with upwards revisions to the December and November numbers.However, buried in all of the data, there were some warning signs related to manufacturing. PMI, the purchasing managers index, used as an indicator for future manufacturing growth, was down for the third month in a row, although the 51.9 reading …read more […]

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Trading Ideas

Boeing heads to court amid fight over release of 737 MAX documents

February 19, 2020 admin Comments Off on Boeing heads to court amid fight over release of 737 MAX documents

Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters. Chicago-based Boeing is facing around 100 lawsuits by families of 157 victims of a Ethiopian Airlines 737 MAX crash on March 10, five months after a similar accident on a Lion Air flight that killed 189 people. Lawyers for the victims’ families are asking why Boeing and U.S. regulators allowed the MAX to continue flying after the Lion Air disaster and whether the planemaker hid …read more […]