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Saudis Raise Crude Pricing to All Regions as OPEC+ Extends Cuts

(Bloomberg) — Saudi Arabia raised crude pricing to all regions a day after OPEC+ producers extended historic output cuts for another month to bolster oil’s rally, according to a pricing list seen by Bloomberg.The pricing decision for July exports to Asia is the second consecutive increase for most of the grades state producer Saudi Aramco sells to its biggest market, the information showed.Aramco raised pricing for crude grades to Asia by between $5.60 and $7.30 a barrel — more than expected. Pricing for the key Arab Light grade to Asia was hiked by $6.10 to a premium of 20 cents …read more […]

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AstraZeneca Approached Gilead For Potential Merger – Report

UK-based pharmaceutical company AstraZeneca Plc (AZN) is reportedly interested in a potential merger with rival drugmaker Gilead Sciences Inc. (GILD) in what would be the biggest health-care deal on record.Bloomberg reported on Sunday that AstraZeneca informally contacted Gilead last month to show its interest in a possible deal. The pharmaceutical company didn’t specify terms for any transaction, which if successful would tie together two companies advancing the development of a vaccine against COVID-19.According to the report, Gilead has discussed a potential deal with advisers, but no decisions have been made on how to proceed and the companies aren’t in formal …read more […]

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Is Alaska Air Group, Inc. (ALK) A Good Stock To Buy According To Hedge Funds?

In this article we will check out the progression of hedge fund sentiment towards Alaska Air Group, Inc. (NYSE:ALK) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […] …read more […]

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Hedge Funds Are Buying Ares Capital Corporation (ARCC)

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 821 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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Is Zscaler, Inc. (ZS) Going to Burn These Hedge Funds?

We at Insider Monkey have gone over 821 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 March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […] …read more […]

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Hedge Funds Have Never Been This Bullish On AGNC Investment Corp. (AGNC)

In this article you are going to find out whether hedge funds think AGNC Investment Corp. (NASDAQ:AGNC) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […] …read more […]

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Hedge Funds Are Selling Kohl’s Corporation (KSS)

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. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of March 31st, 2020. […] …read more […]

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Genius Brands Will Be A $1.50 Stock Within A Month: Hindenburg Research

Hindenburg Research on Genius Brands Since early May, and even accounting for yesterday’s plunge, shares of small TV production company Genius Brands International Inc (NASDAQ:GNUS) have appreciated in value by more than 20x on relatively mundane news. We think the stock will drop as quickly as it skyrocketed. The company itself appears to agree with us, believing its […] …read more […]

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Fannie Mae’s Release from Conservatorship Progresses

The date of Fannie Mae‘s conservatorship release has long been a topic of interest, and it’s become even more so of interest as the date approaches. Experts debate how much of an impact the coronavirus pandemic had on the date when Fannie Mae and Freddie Mac will be released from conservatorship. Moving toward Fannie Mae, Freddie […] …read more […]

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Emergent Bio Plunges 14% Post-Market After Directors Divest Shares

Shares in Emergent BioSolutions Inc. (EBS) dropped 14% in Friday’s after-hours trading following the disclosure of two of its directors divesting shares.According to a SEC filing, Emergent Director Ronald Richard sold 6,572 shares on Wednesday at an average price of $87.514, for a total of about $575,142. Following the share sale Richard owns 4,269 shares. The stock rose 2.5% to $86.91 on Friday before dropping to $75 in post-market trading.In addition, Director Sue Bailey divested 5,322 shares at an average price of $87.503, generating about $465,691 from the sale. Bailey now still has 37,260 shares in the company.Earlier this month, …read more […]

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Rationalizing Tesla’s Stock Price

On Monday, June 1, 2020, Tesla Inc. (NASDAQ:TSLA)‘s stock price rose $63.10 to close at $898.10. Given that Tesla has 185.37 million shares outstanding, this jump in price represented an increase in market capitalization of $11.7 billion. To provide perspective, that number equals approximately 50% of Ford’s market capitalization. That leads one to suspect there must […] …read more […]

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Goldman Sachs: These 2 Stocks Are Poised to Surge by at Least 30%

The healthcare sector has held up strong amid the global pandemic, yet not all names have escaped COVID-19’s grasp. For several companies inhabiting the space, historically low levels of utilization for both traditional procedures and services as a result of COVID-19 and the expected mass consumption after restrictions are loosened have presented significant headwinds. It doesn’t help that unemployment also poses risks. Against this backdrop, investment firm Goldman Sachs took a deep dive into the space, hoping to get a better sense of where healthcare stocks stand during these unprecedented times. Given the uncertainty still hanging in the balance, …read more […]