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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 […]

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Hedge Funds Have Never Been This Bullish On The Southern Company (SO)

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 The Southern Company (NYSE:SO). Is The Southern Company (NYSE:SO) a […] …read more […]

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GLOBAL MARKETS-Dollar, stocks slide on Trump tweets, dour PMI data

The dollar and global stock markets fell on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, with losses exacerbated by a slide in new U.S. factory orders in November to their lowest since 2012. European shares posted their biggest daily drop in two months as the tariff threat overshadowed encouraging data on the Chinese and euro zone economies. Last week, MSCI’s gauge of global stock markets had approached a record high on hopes Beijing and Washington will hammer out a “phase one” trade deal this year. …read more […]

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Hedge Funds Hit The Bullseye With This Stock Pick

After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […] …read more […]

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Centerra Gold says search for missing employees underway at Kumtor mine

Canada’s Centerra Gold Inc said on Monday that search operation for two missing workers at its Kumtor gold mine in Kyrgyzstan was underway and that it had temporarily shut the mine as it was focusing on rescue efforts. “A re-start of open pit mining operations won’t occur until the Company is certain that the search and rescue efforts will not be affected and a revised waste dumping plan has been completed,” the company said in a statement. …read more […]