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Were Hedge Funds Right About AbbVie Inc (ABBV)?

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […] …read more […]

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Understanding the Life – and Death – of Great Stocks

Alexander Green knows what it takes to beat the market… and it’s not a subscription to the psychic network.
Today, he’s sharing the two things every investor needs to earn market-beating returns.

I’ve written often about how the best investors beat the market.
It’s not by guessing whether to be in the market or out. It’s by owning individual stocks that give higher returns than the broad market.
Ask an auditorium full of investors “Who’s the greatest stock picker of all time?” and you’ll get a variety of good answers (starting with Warren Buffett).
But ask that same auditorium “Who’s the greatest market timer of …read more […]

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Sycamore Seeks to Scrap Victoria’s Secret Deal; L Brands Plunges

(Bloomberg) — Sycamore Partners moved to terminate its purchase of a controlling stake in lingerie brand Victoria’s Secret from L Brands Inc., saying the retailer can’t blame the coronavirus outbreak for violating terms of the agreement.The private equity firm said moves such as failing to pay rent and furloughing thousands of workers amid widespread retail disruption sparked by the outbreak have reduced the company’s value. “That these actions were taken as a result of or in response to the Covid-19 pandemic is no defense,” according to the complaint in the Delaware Chancery Court.If the deal is canceled, it will be …read more […]