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Exclusive: Brazil's Odebrecht in talks to stave off Braskem sale, keep payout – sources

Creditors of Brazil’s Odebrecht SA are in advanced talks to let the corruption-ensnared conglomerate keep its crown jewel asset, listed petrochemical company Braskem SA , for another two years, retreating from their prior demand for a quick sale, two sources with knowledge of the matter said. In a further victory for Odebrecht, which is trying to restructure 51 billion reais ($12.2 billion) in debt, its bank creditors will let it keep receiving most of Braskem’s dividends – now virtually Odebrecht’s sole revenue source – during that period. The engineering and construction company, implicated in a series of graft …read more […]

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Should You Buy TechnipFMC plc (FTI)?

With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was TechnipFMC plc (NYSE:FTI). TechnipFMC plc (NYSE:FTI) investors should be aware […] …read more […]

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Hedge Funds Have Never Been Less Bullish On LyondellBasell Industries NV (LYB)

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]

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Were Hedge Funds Right About Warming Up To Teradyne, Inc. (TER)?

Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […] …read more […]

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Amazon (AMZN) Set to Soar Higher This Holiday Season, Says Analyst

With Black Friday just behind us, and Cyber Monday about to explode, holiday shopping season madness is in full swing.As the early stats come in, the numbers point to Friday’s online sales party being the largest ever, raking in $7.4 billion in transactions. Monday’s online sales are expected to come at $9.4 billion, beating last year’s $7.9 billion. Naturally, one popular name hoping to reap rewards is online shopping giant, Amazon (AMZN). The tech behemoth’s stock hasn’t had the most stellar year. Despite its share price recording gains of 19%, the number falls short of the S&P 500’s 25% year-to-date …read more […]

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UPDATE 2-General Dynamics, Huntington Ingalls win $22 bln contract for U.S. submarines

General Dynamics Corp was named lead contractor on a $22.2 billion U.S. Navy contract for the construction of nine Virginia-class submarines, the Pentagon said on Monday in announcing its largest-ever shipbuilding award. General Dynamics Electric Boat Corp is the prime contractor and Huntington Ingalls Industries Inc is a major subcontractor, the Pentagon said in a statement. Eighteen Virginia-class submarines have already been delivered to the Navy. …read more […]

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Hostess Brands, Inc. (TWNK): Are Hedge Funds Right About This Stock?

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 752 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] …read more […]