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Were Hedge Funds Right About Piling Into Wynn Resorts, Limited (WYNN)?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Biotech Stocks to Start Building Wealth

Investors in the top biotech stocks have seen some big gains in their portfolios of late. The biotech industry has steadily outpaced the greater volatile market.
And whether you look to its past, present or future, these stocks have had an impressive record.

Biotech stock indexes outperformed the market during the 2001 economic downturn. And they did so again during the 2008-09 Great Recession. During these slumps, as the S&P 500 index declined some 20%, biotech stocks declined a mere 1%. And they acted as a safety net for investors again as the country entered a recession this past February.
As markets reeled …read more […]

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Energy Transfer Isn’t Shutting Dakota Access Despite Ruling

(Bloomberg) — Energy Transfer LP said it’s not making any moves to empty its Dakota Access oil pipeline after a judge on Monday ordered the conduit shut while a more robust environmental review is conducted.The Dallas-based company run by billionaire Kelcy Warren said it’s also accepting nominations for capacity on the pipeline in August. The U.S. District Court for the District of Columbia had ordered the pipeline to be drained by Aug. 5.“We are not shutting in the line,” Energy Transfer spokeswoman Vicki Granado said in an email. Judge James E. Boasberg “exceeded his authority and does not have the …read more […]

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Snap Rallies After Trump Administration Considers Ban of TikTok

(Bloomberg) — Snap Inc. shares jumped on Wednesday, after President Donald Trump said his administration was considering a ban of TikTok, the latest indication the U.S. government might take steps against the short-video app.The app has become enormously popular, especially with younger users, and analysts said banning it could reduce the competitive risk it poses to other social-media platforms. Rosenblatt Securities wrote that peer companies may breathe “a big sigh of relief” in the event it gets banned.Analyst Mark Zgutowicz wrote that while TikTok’s ad platform “hasn’t been too competitive given scale limitations, escalating time spent on the app has …read more […]

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Tesla China Sales Of Model 3 Vehicles Up 35% In June

Tesla Inc.’s (TSLA) sales of its Shanghai-made Model 3 vehicles rose 35% in China in June, month-on-month, Reuters reported citing data from the China Passenger Car Association (CPCA).The U.S. electric carmaker last month sold 14,954 Model 3 vehicles up from 11,095 vehicles in May, and an increase from around 3,635 units in April, CPCA data showed. CPCA uses a different counting method than Tesla’s deliveries.Overall, China’s passenger car sales in June fell 6.5% year-on-year to 1.68 million units. Pure battery electric vehicle sector sold 67,000 units in June with Tesla accounting for 23% of the market, the CPCA said.Tesla shares …read more […]

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Were Hedge Funds Right About Marathon Petroleum Corp (MPC) ?

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […] …read more […]

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J.C. Penney Company, Inc. (JCP): Hedge Funds Saw This Coming

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

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Why DXC Technology (DXC) Stock is a Compelling Investment Case

If you are looking for the best ideas for your portfolio you may want to consider some of Greenlight Capital’s top stock picks. Greenlight Capital, an investment management firm, is bullish on DXC Technology Co (NYSE:DXC) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its […] …read more […]

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Were Hedge Funds Right About Souring On General Electric Company (GE)?

How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […] …read more […]

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Don’t Fight the Fed – Profit From It!

From Baltimore – Don’t fight the Fed.
As an investor you’ve probably heard that admonition countless times. But considering what the Fed may have in store for us in the very near future, it’s absolutely critical to heed it now.
If you’re unfamiliar with the phrase, it’s fairly straightforward. Basically, when the Federal Reserve is cutting interest rates and making it cheaper for consumers and businesses to borrow, corporate earnings begin to rise and stocks follow them up. As a result, you should put more of your portfolio into stocks.
On the other hand, when the Fed is raising rates and making it …read more […]

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If You Own Netflix (NFLX) Stock, Should You Sell It Now?

If you are looking for the best ideas for your portfolio you may want to consider some of Greenlight Capital’s top stock picks. Greenlight Capital, an investment management firm, is bearish on Netflix Inc (NASDAQ:NFLX) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]