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Hedge Funds Never Been Less Bullish On Delta Air Lines, Inc. (DAL)

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 Exelixis, Inc. (EXEL)

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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Oil falls further amid growing alarm over coronavirus second wave

Oil futures fell further on Wednesday after big declines the previous session with Brent sliding below $40 a barrel for the first time since June as COVID-19 cases rebounded in several countries. Brent crude was down 16 cents, or 0.4%, at $39.62 a barrel by 0241 GMT after declining more than 5% on Tuesday. U.S. crude was down 24 cents, or 0.7%, at $36.52 a barrel, having fallen nearly 8% in the previous session. …read more […]

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Super Rich Get Richer on Ant After Striking Early Deals With Jack Ma

(Bloomberg) — Jack Ma’s Ant Group is creating a new group of super wealthy people in China while also giving a boost to some older fortunes globally.Hong Kong’s Li Ka-shing, the family behind a French supermarket giant, the son of a Taiwanese real estate billionaire and Chinese retail tycoon Shen Guojun are among those invested in the online payments provider, which may be valued at $225 billion when it goes public next month.This wasn’t just some one-off tech bet. They’d all established relationships with Ma’s empire before Ant’s financing round two years ago, along with Thailand’s Chearavanonts, the Tungs of …read more […]

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Nasdaq 100 Futures Regain Footing in Wake of Tech Share Selloff

(Bloomberg) — Nasdaq 100 futures rallied during the Asia session as investors took a breather from a rout in U.S. technology shares and factored in a report that a Covid-19 drug trial was paused.Nasdaq 100 futures gained 0.6% as of 11:25 a.m. in Tokyo, erasing an earlier slide of 1.1%. Contracts on the S&P 500 were little changed, after falling as much as 1.2%. Shares in exchange-traded funds that track the S&P 500 and Nasdaq 100 indexes had turned sharply lower after STAT said AstraZeneca Plc has put on hold a Phase 3 study testing a Covid-19 vaccine.“During the cash …read more […]

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Tesla Stock's 21% Drop On Tuesday Is Its Worst In History

Tesla Inc (NASDAQ: TSLA) shares fell over 21% at Tuesday’s closing — marking the worst day of declines for the automaker after it was left out of the prestigious S&P 500 index.What Happened: The decline in the Elon Musk-led company shares’ trading price saw its market valuation fall $82 billion to $307.7 billion. The stock has risen nearly 295% year-to-date.Even though Tesla has achieved four consecutive quarters of profitability as of its July results, the company failed to make it to S&P 500.This week, the company sold $5 billion in new stock in order to raise capital.In late August, the …read more […]

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AstraZeneca suspends leading COVID-19 vaccine trials after a participant's illness

The vaccine, developed with the University of Oxford, has been described by the World Health Organization as probably the world’s leading candidate and the most advanced in terms of development. The suspension dims prospects for an early rollout amid reports that the United States was aiming for a fast-track approval before the November presidential election. “This is a routine action which has to happen whenever there is a potentially unexplained illness in one of the trials,” the company said in an emailed statement. …read more […]

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SoftBank Selloff Hits $17 Billion After Tech Exposure Fear Grows

(Bloomberg) — SoftBank Group Corp. slid as much as 7.1% Wednesday, taking losses to about 14% this week after the Japanese conglomerate made substantial bets on equity derivatives in tech stocks before a broad sector selloff.The Japanese company touched a low of 5,432 yen in Tokyo morning trade. It has shed roughly $17 billion of market value since Monday as SoftBank’s big bets on high-flying tech stocks from Amazon.com Inc. to Alphabet Inc. spooked investors.Investors are grappling with recent market turbulence, assessing whether the pullback for equities is a sign of market health or the start of a larger drawdown …read more […]

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The One (and Only) Chart Pattern You Need to Know

Today’s video shows you the one (and only) chart pattern you’ll ever need to know.
The benefits are remarkable…

It generates tens of millions in profit opportunities every day.
It can pay off in 15 minutes (sometimes less).
It happens hundreds of times every trading session.
You’ve most likely never used it (until now).

If you want to make fast profits…
Consistently… day after day… year after year…
No matter which direction stocks are moving…
There’s only one chart pattern you need to know…
And it’s revealed to you – right here.

For trading insights and real-time recommendations, join me in The War Room now!
The post The One (and Only) Chart …read more […]

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Gundlach Says High-Yield Bond Defaults May Almost Double

(Bloomberg) — High-yield bond default rates may double as companies struggle with a protracted economic downturn even as the Federal Reserve props up valuations, said Jeffrey Gundlach.The investment grade corporate debt market has skewed toward lower quality BBB- rated debt, but if just 50% of that were to be downgraded it could fuel a near doubling of the high-yield market, Gundlach said Tuesday on a webcast for his firm’s flagship DoubleLine Total Return Bond Fund.Gundlach’s views reflect broad skepticism about the market’s connection to economic realities. He criticized the Fed’s emergency actions as buoying asset prices and spurring unsustainable corporate …read more […]

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Go Ahead and Call Warren Buffett a Snowflake

(Bloomberg Opinion) — As investors fret over whether high-flying technology stocks have gotten too frothy, the recent volatility isn’t scaring away Warren Buffett’s Berkshire Hathaway Inc. — at least not when it comes to getting in on the ground floor of what may be one of the year’s most sought-after tech IPOs. Yes, you read that correctly.Snowflake Inc., a fast-growing cloud-software and data-warehousing company, filed an amended offering prospectus Tuesday that revealed Berkshire will buy roughly $250 million of Snowflake shares at its IPO price and an additional 4 million shares from another stockholder. The two transactions add up to …read more […]

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Investigating Warren Buffett’s New Top Five Stocks

On August 30, Bill Gates publicly wished Warren Buffett a happy 90th birthday.
In doing so, he shared one of the most important lessons he has learned from Buffett: what friendship is all about.
As Buffett himself put it…
You will move in the direction of the people that you associate with. So it’s important to associate with people that are better than yourself.
The friends you have will form you as you go through life. Make some good friends, keep them for the rest of your life, but have them be people that you admire as well as like.
Personally, I’ve never met …read more […]