Month: July 2020

It has been a wild ride in 2020 for electric heavy-truck maker Nikola (NKLA). Even after the recent heavy pullback, shares are still up this year by a towering 290%. With no working prototype, no revenue, and seemingly sentiment driven stratospheric gains, how can you measure Nikola’s value? This is an issue RBC’s Joseph Spak grappled when initiating coverage on NKLA. “As meaningful revenue/EBITDA/CF are further out, NKLA is difficult to value and can remain a story stock untethered to trad’l valuation/fundamental metrics. We’re intrigued by biz model prospect but remain on the sidelines given unproven biz model and significant …read more […]

Thirty-year fixed-rate mortgages have fallen further below 3%, a survey says. …read more […]

The Forbes 400, a list of the richest people in America, has been our country’s wealth scorecard for decades.
Today, Nicholas Vardy dives into the demographics and mindset of these ultra-rich Americans. And what he uncovers could offer lessons on what it means to live a rich life… far beyond the money.

F. Scott Fitzgerald: “The very rich are different from you and me.”
Ernest Hemingway: “Yes, they have more money.”
Americans are endlessly fascinated with the ultra-wealthy.
Fitzgerald’s novel The Great Gatsby – the iconic American story about the Roaring ’20s – remains required reading in many American high schools.
Reality TV shows feature the …read more […]

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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 […]

(Bloomberg) — Civil rights organizations criticized Facebook Inc. following a meeting with the company’s top executives Tuesday, claiming the company hasn’t taken seriously demands to better police its service from hate speech and misinformation.“Facebook approached our meeting today like it was nothing more than a PR exercise,” Jessica González, co-chief executive officer of Free Press, a non-profit media advocacy group, said in a statement following the meeting. “I’m deeply disappointed that Facebook still refuses to hold itself accountable to its users, its advertisers and society at large.”Facebook Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg met with …read more […]

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 […]

Trends Expert Matthew Carr discusses investing in space stocks and how tech giants have changed the scope of the space race.
In 1957, the Soviet Union launched Sputnik 1. This was the first artificial satellite to orbit Earth. It was monumental and ignited the space race that would shape U.S.-Soviet relations for decades to come.
Since then, roughly 9,000 satellites have been catapulted into orbit around the Earth. Of those, 5,000 remain in orbit. But fewer than 2,000 are still operational. The rest are just junk, littering the space around our planet.
Now a bevy of new projects – aimed at dethroning the …read more […]

Ben Phillips, EventShares CIO, joins The Final Round to discuss his thoughts on the markets and how a Biden presidency could impact the economy’s recovery from the coronavirus induced crisis. …read more […]

More than 900 advertisers have signed on to the “Stop Hate for Profit” campaign, organized by social justice groups including the Anti-Defamation League and Free Press, to pressure the world’s largest social media network to take concrete steps to block hate speech and misinformation. “Facebook approached our meeting today like it was nothing more than a PR exercise,” Free Press Co-Chief Executive Jessica González said in a statement. …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]

Yahoo Finance’s Emily McCormick joins Kristin Myers to discuss how Morgan Stanley raised Tesla’s price target to $740. …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]

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 […]