At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […] …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 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 […]
(Bloomberg) — Huawei Technologies Co., already getting squeezed out of Europe’s vast market for the next generation of telecom equipment, is under siege in another fast-growing business: cloud computing.U.S. officials have been lobbying European lawmakers and industry leaders to use Western companies — while shunning Huawei — to build data centers and offer infrastructure to handle the growing tide of information.As part of a European tour last week, U.S. Under Secretary Keith Krach met executives including Deutsche Telekom AG CEO Timotheus Hoettges and Meinrad Spenger, the head of Spanish telecom carrier MasMovil, to urge them to ditch Chinese vendors of …read more […]
In what has been a successful year for the semiconductor sector, Micron (MU) can be considered almost an outlier. While the coronavirus has acted as a springboard for many chipmakers, Micron has struggled in the face of lower enterprise demand, reduced IT spending and unfavorable macro conditions, such as the US ban on major customer Huawei.However, over the past week Micron shares have been picking up steam, as the cyclical nature of the chip industry appears to be turning in its favor. Deutsche Bank analyst Sidney Ho certainly thinks so. The latest industry reports lead the analyst to believe the …read more […]
(Bloomberg) — President Donald Trump and his political allies reacted with fury after Facebook Inc. and Twitter Inc. on Wednesday restricted a New York Post article linking Joe Biden and his son Hunter to a Ukrainian energy company that figured in the impeachment investigation of Trump.Facebook said it would reduce distribution of the article, seeking to slow the pace of its spread before the social network’s fact-checkers have a chance to evaluate its authenticity.Twitter inserted a warning to people who clicked on the article. The company later said it took action to block links to the story because some of …read more […]
When it comes to Tesla (TSLA), valuation is an unfashionable metric. For the electric car maker, there has been a major disconnect between the fundamentals and the valuation, and now, one analyst is getting to the bottom of it.Needham’s Rajvindra Gill tells clients he has never seen a stock “rise that much that fast with such little regard to past fundamentals.” Shares have skyrocketed 451% year-to-date, compared to the S&P 500’s 8% gain. To this end, he took a look at TSLA’s unprecedented valuation to eliminate the noise surrounding this company.As part of this analysis, Gill asked “three fundamental questions: …read more […]
Airline earnings season kicked off with a bang, not a whimper, Tuesday morning — but unfortunately, not the good kind of “bang.” Industry leader Delta Air Lines (DAL) reported exploding losses of $3.30-per-share loss (analysts were only expecting $3, even), despite sales falling just below consensus estimates at $3.1 billion.Nor are things improving rapidly. Q4 revenue projections remain down as much as 70% from a year ago.At last report, Delta was burning through $24 million in cash per day. That’s the bad news. The “good” news is that it’s burning through only $24 million per day — which works out …read more […]
The markets have shown some ups and downs in recent sessions, but their general trend right now is upward. There may be several factors behind this; investors may be less nervous about the upcoming national election, as the polls continue to show a wide lead for former Vice President Biden, or they may be more sanguine about the prospect of a new ‘corona stimulus.’ Whatever the reason, after a rough September, October’s trading has shown a decidedly bullish cast.In any case, finding the right stock in a time of higher than average volatility presents its own challenges. Stocks are sensitive …read more […]
When Tesla Inc (NASDAQ: TSLA) announced the Model Y, it came in several versions, including a seven-seater and a standard range version. Since then, the standard range version has been canceled — leaving doubts that the seven-seat option would ever come.It remains listed on Tesla’s website as “available in 2021.”But now it seems it will be available early, just as the Model Y itself was released earlier than expected.The seven-seat Model Y will begin production in November, with the first deliveries in early December, CEO Elon Musk said in a tweet Wednesday.It’s still unknown how exactly the third row will …read more […]
Stock futures struggled for direction Wednesday evening as investors considered fast-dimming prospects for fiscal stimulus before the election and a lukewarm batch of corporate earnings results. More quarterly reports are due out Thursday morning, along with the Labor Department’s latest weekly print on new jobless claims. …read more […]
The bank believes some of its staffers made “false representations in applying for coronavirus relief funds for themselves”, defrauding the U.S. Small Business Administration, David Galloreese, head of Human Resources, said in an internal memo seen by Reuters. The abuse was tied to the Economic Injury Disaster Loan program and outside the employees’ roles at the bank, the memo said, adding Wells Fargo will cooperate fully with law enforcement. …read more […]
(Bloomberg) — A unit of Warren Buffett’s Berkshire Hathaway Inc. claims a top international law firm helped German piping component maker Wilhelm Schulz GmbH fraudulently conceal its disastrous finances before its 2017 acquisition by the U.S. company.Berkshire unit Precision Castparts Corp. sued 2,500-lawyer Jones Day, which represented Schulz in the $940 million acquisition, in a state court in Houston, alleging the firm played a “substantial role in aiding and abetting” a scheme to mislead Precision into signing a deal worth a fraction of the purchase price.The suit is an attempt to put Jones Day on the hook in case Schulz …read more […]
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