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U.S. dollar's woes are only beginning, some bears say

There are dollar bears, and then there’s Ulf Lindahl. The chief investment officer of currency manager A.G. Bisset believes the U.S. currency will plunge 36% against the euro over the next year or so, taking it to levels it has not seen in more than a decade. The greenback’s recent weakness “is the beginning of a very large move” that could hurt the droves of investors exposed to it through their holdings in U.S. stocks and bonds, Lindahl said. …read more […]

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Hedge Fund Interest In Pinterest, Inc. (PINS) Is Skyrocketing

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 […]

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Hedge Funds Are Extremely Bullish On DraftKings Inc. (DKNG)

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 […]

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Is Advanced Micro Devices (AMD) A Good Stock To Buy According To Hedge Funds?

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 […]

Healthcare

CloudMD (OTC: DOCRF) Reports 163% Year-Over-Year Q2 Results, Growth Driven by Telehealth and Acquisitions

Revenue of $2.8 million and Gross Margins of 42% SELECTED FINANCIAL HIGHLIGHTS Gross margins of 42% due to higher margin verticals and increase in telehealth usage Closed significantly oversubscribed $15 million bought deal, well funded […]

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Hedge Funds Are Very Bullish On Western Digital Corporation (WDC)

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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Hedge Funds Have Never Been More Bullish On Alteryx (AYX)

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 […]

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Buy These Travel Stocks While They’re Still Cheap

Trends Expert Matthew Carr explains why investors should make the move on travel stocks. After the coronavirus shut down leisure activities, people will be looking forward to travel in the new year. And with it comes an opportunity.
Sometimes a single company can send shockwaves through the entire market.
An ominous sentence from an earnings call can blow up a sector.
Or a positive outlook from one bellwether can lift the shares of its peers.
And there are very rare moments when a single company’s innovation can be horrifically destructive to its competitors, as well as provide an extraordinary bounce higher for every …read more […]

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Can Amarin Win Its Vascepa Appeal Case? Analyst Weighs In

It is gearing up to be a big week for Amarin (AMRN), as it awaits the opening of the appeal case for its high triglyceride treatment, Vascepa.To recap, in March, Amarin lost a patent court case against generic drug makers, Hikma Pharmaceuticals and Dr. Reddy’s, which sought to sell their own versions of Vascepa. Amarin immediately filed an appeal, and an oral hearing will commence on Wednesday, September 2.Ahead of the court date, Stifel analyst Derek Archila consulted with two IP specialists on the matter, and both have indicated Amarin has a 55% chance of succeeding in its appeal. However, …read more […]

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Zoom’s Record Quarter Adds $4.2 Billion to CEO Yuan’s Fortune

(Bloomberg) — In just a few hours, Zoom Video Communications Inc. Chief Executive Officer Eric Yuan got $4.2 billion richer.Shares of his virtual-meeting company surged as much as 26% to $410 in late U.S. trading as it reported a jump in quarterly revenue and suggested the explosive growth will continue. Should the stock maintain such a gain on Tuesday, Yuan’s fortune would surpass $20 billion.It’s been a year filled with eye-popping rallies for the richest names in the tech world — Amazon.com Inc.’s Jeff Bezos saw his net worth grow by $13 billion in one day in July, and Tesla …read more […]

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How to Beat Rising Inflation

Editor’s Note: Today, Chief Income Strategist Marc Lichtenfeld makes a bold prediction…
Inflation is coming – and likely sooner than expected.
He’ll show you how to safeguard your portfolio below…
But there’s more to the Fed’s latest printing frenzy than just threats to your buying power.
This Wednesday, Manward Press founder Andy Snyder will show you how to use this unique market to your advantage – with the help of a system that, in its rigorous beta test, produced 138% average peak gains in 26 days.
Click here to register for his free Super Trader Rally on Wednesday, where he’ll let you in on his …read more […]

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AUD touches fresh two year high as US dollar downturn deepens

Posted by OFX AUD – Australian Dollar The Australian dollar marked fresh year to date highs through trade on Monday, extending Friday’s gain and testing 0.74 US cents. In what was largely a quiet start to the week, with little headline data on hand and a distinct lack of market moving newsflow … Continue reading “AUD touches fresh two year high as US dollar downturn deepens”The post AUD touches fresh two year high as US dollar downturn deepens appeared first on . …read more […]