Bonsai Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 101.8% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Bonsai Partners’ top 5 stock picks for […] …read more […]
Cheap tech stocks can become a diamond in the rough for your investment portfolio. In fact, some of the most experienced investors have made their names through this industry.
Remember the Tesla (Nasdaq: TSLA) initial public offering (IPO) in 2010 was for $17 a share. It’s now trading over $1,800 and rising faster than ever, making Elon Musk the fourth richest man in the world. And to make it easier for smaller buyers to invest, there’s an upcoming five-for-one Tesla stock split.
Now, it may be difficult to reach the levels of Elon Musk. But you can carve out your own piece …read more […]
With a price-to-earnings (or “P/E”) ratio of 10.3x CVS Health Corporation (NYSE:CVS) may be sending bullish signals at… …read more […]
Has Wall Street missed the news that we are in a pandemic? The U.S. economy remains battered by the coronavirus outbreak and Congress is deadlocked on another stimulus bill – yet the U.S. stock market just hit a new record intraday high. While it may seem like investors have failed to factor in any of the bad news weighing on most U.S. households, there are several key reasons why the stock market has recovered and could continue to rally higher. …read more […]
For many investors, the main point of stock picking is to generate higher returns than the overall market. But the… …read more […]
What will it take to fuel a stock market recovery? More stimulus. According to Morgan Stanley’s chief U.S. equity strategist Mike Wilson, the passage of another stimulus bill in the near-term is a “critical” component of the market’s recovery. Once the bill, which might reach $2 trillion, is passed, he argues the fiscal package will spur an increase in back-end interest rates, igniting a move to cyclical names.“The fiscal package ironically could actually stimulate the perception that the economy will be better next year, rates shoot up, and that will affect that rotation back towards these COVID beneficiaries in the …read more […]
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Ines Ferre discuss the market action for Tesla. …read more […]
Yahoo Finance’s Alexis Christoforous shares what’s making headlines on Tuesday. …read more […]
The big shareholder groups in First Majestic Silver Corp. (TSE:FR) have power over the company. Institutions will… …read more […]
(Bloomberg) — Kohl’s Corp. shares fell as much 14% after the U.S. retailer posted a quarterly loss and declining sales, a sign of the struggle of many retailers amid pandemic uncertainty.The company’s second-quarter report contrasts sharply with the booming sales figures released Tuesday by Home Depot Inc. and Walmart Inc., two massive retailers that were deemed essential and allowed to operate through the pandemic. Kohl’s and its nonessential peers, meanwhile, have struggled to regain sales as shoppers stay home and flock to e-commerce.Kohl’s posted a loss of 25 cents a share when excluding some items — better than the estimated …read more […]
Brazil’s health regulator Anvisa on Tuesday said it had approved human clinical trials for a potential COVID-19 vaccine developed by Johnson & Johnson’s pharmaceutical subsidiary Janssen. Brazil is the second-worst hit country for coronavirus cases and deaths after the United States, leading many vaccine developers to seek out clinical trials here. Brazil had registered 3.4 million cases of the disease and more than 108,000 related deaths as of Monday. …read more […]
(Bloomberg) — Brigade Capital Management LP says it can’t return the $175 million that Citigroup Inc. mistakenly paid — part of a $900 million error — because the money went to other funds.“As Citibank is well aware, Citibank wired money to approximately 40 different funds that employ Brigade as their investment/collateral manager, and thus must know that Brigade itself was not a lender and does not have the money for which Citibank is now suing,” Brigade said in a court filing Tuesday.In a lawsuit filed on Monday in New York, Citigroup asked a federal court to order Brigade to return …read more […]
Virtu Financial, Inc. (NASDAQ:VIRT) shareholders (or potential shareholders) will be happy to see that the CEO… …read more […]
Citigroup says the over-payment to hedge fund Brigade was due to an “operational mistake”. …read more […]
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