Month: August 2020

Little known in the West, China’s dominant mobile payment firm is tipped for the world’s biggest IPO. …read more […]

Spot gold was flat at $1,928.35 per ounce by 0306 GMT. U.S. gold futures rose 0.6% to $1,934.70. “All eyes are on what Powell says this week… there are still a lot of concerns about the economy and they continue to indicate that rates are going be low and stimulus measures will continue, which should boost gold,” said ANZ analyst Daniel Hynes. …read more […]

The Justice Department has been investigating allegations the company colluded with other drugmakers to push up the prices of widely used pharmaceuticals, including a high cholesterol drug. “Today’s charge reaffirms that no company is too big to be prosecuted for its role in conspiracies that led to substantially higher prices for generic drugs relied on by millions of Americans,” Assistant Attorney General Makan Delrahim said in a statement. …read more […]

The U.S. energy industry on Tuesday was preparing for a major hurricane strike, cutting crude production at a rate approaching the level of 2005’s Hurricane Katrina and halting oil refining at plants along the Texas-Louisiana coast. Officials in the two states ordered hundreds of thousands of coastal residents to flee inland as Hurricane Laura strengthened and forecasters predicted it would become a major hurricane with sustained, 115 mile per hour (185 kph) winds. At least a 10-foot (3-meter) storm surge will likely hit the upper Texas coast later this week, said Chris Kerr, a meteorologist at agriculture, …read more […]

Salesforce, slated to join the Dow Jones Industrial Average index on Aug. 31, offers a range of digital products that help companies manage customer relationships, order management, e-commerce and marketing. Bret Taylor, president and chief operating officer of the company, said many of those technologies have seen increased use, such as tools that help companies quickly build out curbside pickup options for their commerce operations without requiring extensive computer coding. “What it really differentiates Salesforce broadly is we have these low-code values, where you don’t need to be a professional developer to set up Salesforce,” Taylor told Reuters …read more […]

(Bloomberg) — It’s the hottest fintech in the world and it’s poised to go public in the coming months, unlocking vast riches for early investors and employees.Ant Group, the online payment provider backed by Alibaba Group Holding Ltd. filed the prospectus for its initial public offering Tuesday, unveiling some of the people who stand to win big from the listing.The obvious one is Jack Ma, whose stake in Ant will be worth $25 billion if it achieves the $225 billion valuation people familiar with the matter have said it’s targeting. That could catapult him to among the world’s 10 richest …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 […]

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 […]

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 […]

In February, 82-year-old Kishan Lal appealed to India’s finance minister for help, saying in a Twitter message he was ready to donate his kidney and eyes if someone could help arrange funds to treat his daughter, who had a brain tumour. The Lals had enough savings to tide over the medical crisis – more than 2.5 million rupees ($33,450) in Punjab & Maharashtra Co-operative (PMC) Bank. The withdrawal cap is now at 100,000 rupees per depositor. …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 […]

BioNtech (BNTX) is one of the companies at the front-line of the battle against the coronavirus. On Friday, the company announced positive progress in the development of its COVID-19 vaccine candidate (in partnership with Pfizer).In the Phase 1 study of BNT162b2, the candidate exhibited a strong ability to induce an immune response in both young and older adults. Less than 20% of the study’s subjects had symptoms of mild to moderate fever,and only a small percentage suffered more serious events. Overall, the candidate was generally well tolerated.J.P. Morgan analyst Cory Kasimov is not surprised BNT162b2 demonstrated a better safety profile …read more […]

Success stories in 2020 don’t come much more triumphant than that of molecular diagnostics player Co-Diagnostics (CODX). Shares are up by a barely believable 1,365% since the turn of the year. Yet, following a disappointing Q2 earnings report, the stock has pulled back by 45% over the past month. So, is now the right time to pull the trigger on CODX shares?H.C. Wainwright analyst Yi Chen certainly thinks so. Chen reiterated a Buy rating on the stock, alongside a $33 price target. The implication for investors? Potential upside of a massive 153% from current levels. (To watch Chen’s track record, …read more […]

Online sports betting player DraftKings’ (DKNG) short life as a public company has so far proved to be a roaring success. The stock is up by a mighty 265% year-to-date, despite various headwinds. Covid-19 has played its part, with sports bought to a standstill by the pandemic, and upcoming schedules subject to further disruption should cases rise again. Additionally, the nascent sector has yet to clear various regulatory hurdles and receive the go ahead signal in multiple states across the country.But Following a virtual meeting with DraftKings’ management, Oppenheimer analyst Jed Kelly notes the top brass’ confident take on the …read more […]