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Abbott Shares Surge on FDA Clearing 15-Minute, $5 Covid Test

(Bloomberg) — A 15-minute Covid test from Abbott Laboratories that will be priced at just $5 has been granted emergency authorization for use in the U.S., a breakthrough that could ease the bottleneck that has crimped much of the nation’s testing capacity.The company’s shares climbed 8.7% to $112.91 at 9:57 a.m. in New York trading. The product, dubbed BinaxNOW, works without relying on laboratory equipment at a time when labs can take as long as two weeks to produce results. It uses a nasal swab and a small reactive card, and it can be administered by a range of health-care …read more […]

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What Are Growth Stocks and Are They Right For You?

To answer the question, “What are growth stocks?” let’s start with a couple of examples…
One of the leading growth stocks of the past 20 years is Amazon (Nasdaq: AMZN). Under the guidance of CEO Jeff Bezos, the e-commerce giant went years without turning a profit. Instead of wowing investors with increased profits during quarterly earnings calls, Amazon reinvested nearly every dime it made back into itself.

The strategy obviously proved fortuitous. Amazon now controls nearly 50% of all e-commerce. And as for investors that stuck with Amazon through the early stages… They’ve been handsomely rewarded with a massive increase in share …read more […]

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The Home Depot, Inc. (HD): Hedge Funds Taking Some Chips Off The Table

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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Hedge Funds Cashing Out Of Micron Technology (MU)

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 823 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 Are Nibbling On Wells Fargo & Company (WFC)

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the second quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Bullish Hedge Fund Bets On Sea Limited (SE) Hit All Time High

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of June 30th, when the S&P 500 Index was trading around the […] …read more […]

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Hedge Funds Never Been This Bullish On Intel Corporation (INTC)

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […] …read more […]

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Coty posts wider-than-expected loss as virus-wary shoppers stay home

Shares of Coty, a majority of which is owned by German conglomerate JAB Holding Co, were down about 6% in premarket trade on Thursday and declined nearly 66% this year. Sales at Coty’s consumer beauty segment, which houses brands such as Cover Girl and Max Factor, plunged about 55%. Coty, however, said it had seen an improvement in its overall business in the last two months and expects a return to profit in the current quarter. …read more […]