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Were Hedge Funds Right About Las Vegas Sands Corp. (LVS)?

Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […] …read more […]

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Lloyds Banking Group PLC (LYG) Doesn’t Excite Hedge Funds

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […] …read more […]

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Biden for First Time Says Trump Should Be Impeached by Congress

(Bloomberg) — Joe Biden said for the first time Wednesday that President Donald Trump should be impeached.“He should be impeached,” Biden said to a standing ovation from supporters in Rochester, New Hampshire.Biden had yet to explicitly call for Trump’s impeachment, saying only that Congress would have no choice but to impeach if the Trump administration refused to cooperate with a probe into his behavior.On Tuesday, the White House said it would not participate in an impeachment inquiry it considered to be run by a “kangaroo court,” saying it would prohibit witnesses from testifying and would block any document submissions.“Donald Trump …read more […]

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Silicon Valley Is Just as Responsible for IPO Dysfunction as Wall Street

My main gripe with the TechCrunch Disrupt event I went to in San Francisco last week?
No angst.
You’d think that with Uber trading 30% below its IPO price, Lyft trading 40% below and Slack trading 8% below, there’d be just a little anxiety. But I didn’t hear a single word spoken in defense (or criticism) of everybody’s favorite whipping boy, Alfred E. Neuman.

Oh, wait a minute, I meant the other happy-go-lucky guy, WeWork’s ex-CEO Adam Neumann.

I suspect you know WeWork’s story by now. WeWork was originally expected to IPO near (at least) the $47 billion valuation it had during its last …read more […]

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The economy still favors Trump’s reelection

How many political lives does President Trump have? He has survived the Mueller report, and his approval ratings remains stable as House Democrats begin impeachment proceedings. And now, a forecasting firm predicts Trump will win re-election, if the economy alone is the determining factor. …read more […]

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US STOCKS-Wall Street advances on renewed trade deal optimism

Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations. All three major U.S. stock averages were higher, with Microsoft and Apple Inc providing the biggest lift to the benchmark S&P 500. …read more […]