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Did Hedge Funds Make The Right Call On Simon Property Group, Inc (SPG)?

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 821 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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OPEC Readies Next Move in Bid to Avoid Oil-Market Taper Tantrum

(Bloomberg) — Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of the U.S. Federal Reserve.The challenge now confronting the oil producers’ club is one that’s all too familiar to the Fed: how to avoid a “taper tantrum,” the market panic that ensued when the institution proposed tightening monetary policy in 2013.Having successfully doubled crude prices over the past few months through unprecedented output cuts, the OPEC+ alliance led by the Saudis and Russia is poised to begin unwinding these stimulus …read more […]

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Did Hedge Funds Make The Right Call On O-I Glass, Inc. (OI)?

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). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]

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Tesla cuts price of Model Y SUV by $3,000, Electrek says

Tesla’s mid-sized SUV, which is sold as a Long Range or Performance version – is now priced at $49,990, according to the carmaker’s website https://bit.ly/327lz9y. The Performance version will be updated with a new configuration, the report added. Tesla did not immediately respond to Reuters’ request for comment. …read more […]

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Barron's Picks And Pans: Facebook, Nokia, Regeneron And More

* This weekend’s Barron’s cover story presents the results from the Barron’s 2020 Midyear Roundtable. * Other featured articles look how to manage risk in a time of market volatility and which companies the U.S. government is and is not bailing out. * Also, the prospects for some retail stocks, a telecom, a social media giant and more.Cover story “Barron’s 2020 Midyear Roundtable: 37 Picks From Our Investment Pros” by Lauren R. Rublin shows why the panelists say current trends have created ample opportunities to invest in good companies selling at deep discounts.Darren Fonda’s “Market Volatility Is Back. …read more […]

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How to Choose High-Quality Biotech Stocks

Despite continuing market volatility, the S&P 500 has remained relatively flat in 2020 – down just 1.66%.
But there is a silver lining…
The biotech sector is up more than 18% since the start of the year.

Many of you know Marc Lichtenfeld as the “income guy” because of his work with The Oxford Income Letter…
But he’s as passionate about biotech investing as he is about dividends.
In fact, he’s been tracking the sector for several decades now and has spoken about biotech opportunities at events all over the world.
Last year, Marc hosted a summit with former Speaker of the House Newt Gingrich to …read more […]

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Elon Musk Passes Warren Buffett, Still Behind Bezos As World's Richest Person

Move over, Oracle. There’s a bigger billionaire on the block.Elon Musk, the eccentric and controversial CEO of Tesla Inc (NASDAQ: TSLA), SpaceX and The Boring Company, has officially passed the legendary Warren Buffett on Bloomberg’s Billionaire Index. Musk is now the seventh-richest person in the world.Tesla’s Huge RunTesla’s stock has been on an amazing tear in 2020, rising from $430 to $1,544 per share, good for a nearly 270% gain.”[Musk] owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his $70.5 billion fortune. His majority ownership of closely held SpaceX accounts for about $15 billion,” according …read more […]

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Tesla Confirms New Date For Investor, Battery Day

Elon Musk has been teasing Tesla Inc (NASDAQ: TSLA) “battery day” for many months now. After delays due to the COVID-19 pandemic, Musk announced battery day would be combined with investor day.Now, a new date has been confirmed: Sept. 22, 2020. The event will be held in Fremont, California, at 2:30 p.m. Pacific Time. Tesla intends to webcast both events live.Benzinga’s Take: Battery day has been delayed several times, but things seem to finally be official. While Musk and Tesla are often late on delivery, they never fail to impress.Tesla is expected to reveal a battery that can be driven …read more […]

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Ant Financial IPO Rumored to Hit Hong Kong Exchange

Ant Financial IPO rumors surfaced back in 2018. Two years later and the rumors are back. Investors have been waiting for this Alibaba affiliate to launch shares on the public markets. But can investors expect Ant Financial stock?
Here’s what we know…
Ant Financial IPO: The Business

Jack Ma, co-founder of Alibaba Group (NYSE: BABA), founded Alipay in 2004. It was a online payment platform. In 2013, Alipay overtook PayPal as the world’s largest mobile payment platform. And the next year, in 2014, Alipay rebranded as Ant Financial Services.
Now, Ant Financial offers a suit of financial services. It includes …read more […]