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All Eyes on FAANG Stocks Ahead of Earnings; JPMorgan Says ‘Buy’

Between the ongoing corona crisis and the upcoming elections, the markets are plagued by uncertainty – the one thing that really gets investors worried. Uncertainty puts a cloud over the market’s likely course, making it difficult to find the stocks that will bring in returns.Fortunately, there are some trends that are somewhat immune to this uncertainty. Just 20 years ago, these would not have moved the needle; their niches were young, just beginning their long march through our society and culture, but today Big Tech has become one of the market’s sure things.There is no tech bigger than the FAANG …read more […]

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Hedge Funds Piled Into Xilinx, Inc. (XLNX) Months Before The Merger Announcement

In this article you are going to find out whether hedge funds think Xilinx, Inc. (NASDAQ:XLNX) was a good investment before the company announced its merger with AMD. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge […] …read more […]

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Spotify Premium Revenue Misses Expectations; Stock Falls

(Bloomberg) — Spotify Technology SA fell as much as 8.6% after its premium revenue fell short of analysts’ expectations even as subscriptions rose, with consumers in some markets resisting the company’s price increases.The world’s largest streaming audio service said Thursday that premium revenue, generated by its paid subscriptions, was 1.79 billion euros ($2.1 billion) in the third quarter. Analysts expected 1.83 billion euros, according to a consensus compiled by Bloomberg.Spotify shares were down 7.5% to $255.38 at 9:41 a.m. in New York. They had climbed 85% this year through Wednesday’s close, driven in part by the Swedish company’s push into …read more […]