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Two ex-Celadon executives charged with fraud at trucking company

Two former top executives at Celadon Group Inc have been charged with fraud and lying to auditors by concealing losses in the trucking company’s aging fleet as the market softened, the U.S. Department of Justice said on Thursday. The charges against former chief operating officer William Eric Meek and former chief financial officer Bobby Lee Peavler follow Celadon’s agreement in April to pay $42.2 million and enter a deferred prosecution agreement to settle related claims. Authorities charged Meek and Peavler with involvement in a 2016 scheme where a Celadon unit, Quality Companies, tried to rid itself of hundreds …read more […]

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Ulta Beauty profit beats on demand for high-margin cosmetics; shares rise 11%

Ulta Beauty Inc beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer’s shares up over 11% in extended trading. The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which are usually priced at a premium, and has attributed cosmetics lines from Kylie Jenner and YouTuber James Charles for driving customers to its stores. In October, Ulta said it had secured exclusive rights to sell singer Jennifer Lopez’s new fragrance, PROMISE, in the United States. …read more […]

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Hedge Funds Have Never Been Less Bullish On Hewlett Packard Enterprise Company (HPE)

It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […] …read more […]

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Hedge Funds Taking A Breather From McCormick & Company, Incorporated (MKC)

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 Warming Up To HollyFrontier Corporation (HFC)

We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In this article, we look at what those funds think of HollyFrontier Corporation (NYSE:HFC) based on that data. […] …read more […]

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Hedge Funds Getting Back In Momo Inc (MOMO)

“Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn’t by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […] …read more […]

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Don’t Use a Market Order for Options Trading

Many investors are sabotaging their retirements unnecessarily – and for the life of me, I can’t figure out why.
One thing I will never understand about the market is why there should even be an option to place market orders on everyday trades. These orders get investors into more trouble than any other strategy when buying or selling stocks.
A market order allows you to buy a stock or option at the price it’s trading when your order is received. That might not hurt for a stock trading with penny spreads if the market isn’t moving fast.
But for Long-Term Equity Anticipation Securities …read more […]

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Hedge Funds Are Undecided About The Goodyear Tire & Rubber Company (GT)

It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […] …read more […]