Month: August 2020

(Bloomberg) — Covid-19 cases surpassed 24 million worldwide with India seeing a record spike and South Korea, Italy and France reporting the most new daily infections in months. Abbott Laboratories surged after its 15-minute test was granted emergency clearance in the U.S.Leaders of Europe’s major economies are mostly ruling out new broad movement restrictions as they try to support economic recoveries. Jet engine-maker Rolls-Royce Holdings Plc underscored the pandemic’s painful impact on the airline industry, suffering a record half-year loss of 5.4 billion pounds ($7 billion).Japan’s most recent and largest wave of infections is showing signs of subsiding, despite a …read more […]

(Bloomberg) — Walmart Inc. has teamed up with Microsoft Corp. in a joint bid to acquire TikTok, a surprise move that signals the retail giant’s desire to become a force in technology and media and reach younger shoppers.Walmart said in an emailed statement that the move could help grow its third-party online marketplace unit along with its nascent advertising arm, two areas that Chief Executive Officer Doug McMillon has said he’d like to expand. The two companies already work together, as Walmart uses Microsoft’s Azure cloud platform across the entire company.Walmart’s shares jumped as much as 3.6% to $135.47 in …read more […]

Brian Gu, Xpeng President & Vice Chairman, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi from the floor of the New York Stock Exchange to discuss the company’s initial public offering. …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 second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

Right before the corona crisis, the NASDAQ peaked at 9,817. It closed yesterday at 11,665. The tech-heavy index has been setting records consistently since mid-June. The S&P 500’s post-crash performance has been almost as good.It’s clear that investors are in a buying mood. Despite all of the uncertainty in recent weeks – the resurgence of COVID-19, the upcoming Presidential election, the stop-and-go economic progress – stocks are rising. Truist (formerly SunTrust) chief market strategist Keith Lerner sees the current rally as the real deal, not just another bubble, and reflective of a general optimism. He writes, “[The] stock market is …read more […]

David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the… …read more […]

Salesforce’s CEO said that job cuts is part of running a successful business, especially during a pandemic. …read more […]

(Bloomberg) — A 15-minute Covid test from Abbott Laboratories that will be priced at just $5 has been granted emergency authorization for use in the U.S., a breakthrough that could ease the bottleneck that has crimped much of the nation’s testing capacity.The company’s shares climbed 8.7% to $112.91 at 9:57 a.m. in New York trading. The product, dubbed BinaxNOW, works without relying on laboratory equipment at a time when labs can take as long as two weeks to produce results. It uses a nasal swab and a small reactive card, and it can be administered by a range of health-care …read more […]

To answer the question, “What are growth stocks?” let’s start with a couple of examples…
One of the leading growth stocks of the past 20 years is Amazon (Nasdaq: AMZN). Under the guidance of CEO Jeff Bezos, the e-commerce giant went years without turning a profit. Instead of wowing investors with increased profits during quarterly earnings calls, Amazon reinvested nearly every dime it made back into itself.

The strategy obviously proved fortuitous. Amazon now controls nearly 50% of all e-commerce. And as for investors that stuck with Amazon through the early stages… They’ve been handsomely rewarded with a massive increase in share …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 […]

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 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …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 second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the […] …read more […]

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