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Hedge Funds Are Dumping Biogen Inc. (BIIB)

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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Pfizer Inc. (PFE): Hedge Funds In Wait-and-See Mode

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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Hedge Funds Have Never Been This Bullish On Lam Research Corporation (LRCX)

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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Hedge Funds Keep Buying Alexion Pharmaceuticals, Inc. (ALXN)

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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Robinhood, Schwab Among Brokers Struck by Trading Glitches

(Bloomberg) — Robinhood Markets, Charles Schwab Corp. and other online brokerages grappled with trading and other technical problems Monday, leaving customers venting their frustrations online.TD Ameritrade Holding Corp. and Vanguard Group also were among companies that said they were working to resolve delays in order updates and trouble accessing websites, among other disruptions. Thousands of customers lodged complaints on Downdetector.Robinhood, which reported problems related to equities, options and cryptocurrency trading, said shortly after noon in New York that it had resolved them.“We apologize for the inconvenience,” the company said in an emailed statement.While online brokerages routinely experience brief outages, it’s …read more […]

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Robinhood Rise Brings Setbacks of Irate Traders, U.S. Probes

(Bloomberg) — Robinhood Markets has catapulted ahead of its online brokerage rivals with a smartphone app that has attracted an army of young investors. Yet with the company’s rise has come a litany of problems: trading outages, angry customers and regulatory probes.Over the first half of the year, U.S. consumer protection agencies received more than 400 complaints about Robinhood — roughly four times more than competitors like Charles Schwab Corp. and Fidelity Investments’ brokerage unit. The grievances, obtained via a public records request to the Federal Trade Commission, depict novice investors in over their heads, struggling to understand why they’ve …read more […]

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Sorrento Stock Is Dashing Towards a Brighter Future, Says Analyst

The coronavirus has thrust many previously unknown pharma companies into the spotlight. You can certainly place Sorrento Therapeutics (SRNE) on this list. The company’s unique approach to fighting COVID-19 has resulted in sky scraping surges, yet it hasn’t all been plain sailing. The Yale School of Public has recently won an FDA emergency approval for its saliva-based diagnostic test, which puts it ahead of Sorrento’s COVI-TRACE. Adding more fuel to fire, Sorrento announced the ousting of its chief financial officer. In reaction, investors got cold feet, sending shares tumbling nearly 35% in the past two weeks. Sorrento’s playbook for fighting …read more […]