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Hedge Funds (Except Buffett) Never Been Less Bullish On Bank of America (BAC)

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 […]

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Hedge Funds Have Never Been This Bullish On AbbVie (ABBV)

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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Tesla Climbs Higher on Wall Street’s Latest Vote of Confidence

(Bloomberg) — Wall Street’s less skeptical view on Tesla Inc. further solidified on Wednesday after a Jefferies analyst more than doubled his price target on the stock, saying the company will continue to broaden its competitive edge in multiple dimensions, including battery capacity and industrial efficiency.The analyst, Philippe Houchois, raised his target from $1,200 to to $2,500, making it the highest on the Street, according to Bloomberg data. Shares of the electric vehicle maker jumped as much as 4.8% to $2,120.65 in New York, on track for a record high.The value of Tesla shares has more than quintupled from a …read more […]

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Here’s Why Digital Turbine (APPS) Stock is an Attractive Pick for Investors

If you are looking for the best ideas for your portfolio you may want to consider some of Greenhaven Road Capital’s top stock picks. Greenhaven Road Capital, an investment management firm, is bullish on Digital Turbine Inc. (NASDAQ:APPS) stock. In its Q2 2019 investor letter – you can download a copy here – the firm […] …read more […]

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RBC: These 2 Stocks Are Poised to Surge by at Least 80%

Breaking record after record, the stock market is on a roll. Hovering at all-time highs, the steady decline of new COVID-19 cases in the U.S. and vaccine hopes have kept the S&P 500’s remarkable rally alive. That said, these movements have spurred unprecedented disparities in sentiment, with some market watchers overwhelmingly bullish while others are unwaveringly bearish.So, how are investors supposed to decide which side to take? The Wall Street pros can lend a hand here. Analysts offer up extensive experience as well as cover stocks you might not otherwise hear of. Seeking out some of the best in the …read more […]

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FDA drops boxed warning from Johnson & Johnson's diabetes drug label

The decision is based on data from recent clinical trials that suggests that the risk of amputation, while still increased with the drug, is lower than previously attributed, when monitored appropriately, the health regulator said. Invokana was approved in 2017 to be used with diet and exercise to lower blood sugar in adults with type 2 diabetes. Invokana generated sales of $790 million in 2019, a decline of 20% from a year earlier. …read more […]

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McDonald's internal investigation extends beyond ousted CEO

An internal investigation by McDonald’s of potential misconduct has extended beyond its former CEO who was forced out late last year. McDonald’s board of directors has hired an outside law firm as part of a probe into its human resources department to determine if Steve Easterbrook, who exited abruptly in November, covered up misconduct for others in that department. On Wednesday, however, The Wall Street Journal reported that McDonald’s conducted an internal investigation in 2018 after employees complained about inappropriate physical contact between the company’s top HR executive, David Fairhurst, and a subordinate at a holiday party. …read more […]

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Fed Seen Holding Rates at Zero for Five Years in New Policy

(Bloomberg) — The Federal Reserve looks likely to keep short-term interest rates near zero for five years or possibly more after it adopts a new strategy for carrying out monetary policy.The new approach, which could be unveiled as soon as next month, is likely to result in policy makers taking a more relaxed view toward inflation, even to the point of welcoming a modest, temporary rise above their 2% target to make up for past shortfalls.Fed Chairman Jerome Powell is slated to provide an update on the Fed’s 1-1/2-year-old framework review of its policies and practices when he speaks on …read more […]