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KeyCorp (KEY): A Rare Banking Stock Hedge Funds Piling Into

We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […] …read more […]

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Is NortonLifeLock Inc. (NLOK) A Good Stock To Buy?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]

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JDE Peet’s IPO: Global Coffee Company to Offer Stock

A JDE Peet’s Coffee IPO is coming to the European market. News of the offering brought high investor demand. It’s possible the offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion.
Peet’s Coffee is the second-largest packaged distributor in the world. But is it a good investment? Here’s what we know…
JDE Peet’s Coffee IPO: The Business

Alfred Peet founded Peet’s Coffee in 1966. The specialty coffee roaster and retailer is based in the San Francisco Bay Area. It’s now owned by JAB Holding Company, a privately held German company focusing on long-term investments. JAB also …read more […]

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Germany Reaches EU Deal On $9.9 Billion Lufthansa Bailout

(Bloomberg) — The German government settled a dispute with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the carrier to accept the rescue package.After intensive talks, the commission and the German government agreed that Lufthansa will reduce the number of aircraft it keeps at Frankfurt and Munich airports. Lufthansa in a statement said it would surrender up to 24 takeoff and landing slots, making room for new competitors at each hub.The compromise wraps up a nail-biter of a week with Lufthansa’s future in the balance. Germany on Monday offered Lufthansa …read more […]

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Every Single Worker Has Covid at One U.S. Farm on Eve of Harvest

(Bloomberg) — One farm in Tennessee distributed Covid-19 tests to all of its workers after an employee came down with the virus. It turned out that every single one of its roughly 200 employees had been infected.In New Jersey, more than 50 workers had the virus at a farm in Gloucester County, adding to nearly 60 who fell ill in neighboring Salem County. Washington state’s Yakima County, an agricultural area that produces apples, cherries, pears and most of the nation’s hops, has the highest per capita infection rate of any county on the West Coast.The outbreaks underscore the latest pandemic …read more […]

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Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

Lufthansa’s management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro (8.13 billion pounds) government bailout, the carrier said on Saturday, paving the way for its rescue. The agreement comes after Lufthansa’s supervisory board on Wednesday rejected an initial deal with Brussels including conditions that were significantly more painful. Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus pandemic. …read more […]