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Koch Industries Buys the Rest of Software Maker Infor

(Bloomberg) — The private investment arm of Koch Industries Inc., run by billionaire Charles Koch, has acquired the remaining equity in cloud-software maker Infor Inc., the companies said.The deal values Infor at $11 billion, or nearly $13 billion including preferred shares, according to people familiar with the matter who asked not to be identified discussing private information. Koch Industries, the Wichita, Kansas-based conglomerate, already owned about 70% of Infor, the company said. Its subsidiary Koch Equity Development LLC purchased the remaining Infor equity it didn’t already own from Golden Gate Capital. Infor, which Wall Street has viewed as a …read more […]

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Removing the Mystery From the VXX

On Monday, Bryan and I recommended a volatility straddle using the iPath Series B S&P 500 VIX Short-Term Futures ETN (NYSE: VXX).
A straddle is when you buy a put and a call option with the same strike price.
Volatility, as measured by the CBOE Volatility Index (VIX), takes into account the number of puts and calls being bought and sold on S&P 500 stocks. When the market is crashing, the VIX moves higher; when the market is soaring, the VIX moves lower.
In this case, War Room members bought a $15.50 straddle for around $2. The goal was to see enough of …read more […]

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Odds to the White House: Who’s leading the race amid Iowa caucus debacle

Chaos took over in Iowa last night after results for the 2020 caucus were delayed due to reporting inconsistencies. Lee Price, Paddy Power’s Head of PR, joins Yahoo Finance’s Zack Guzman and Heidi Chung to break down who’s line to snag the democratic nomination amid the caucus melt down. …read more […]

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Starboard Pressures EBay to Split Off Classifieds Business

(Bloomberg) — Activist investor Starboard Value is ramping up pressure on EBay Inc. to separate its classifieds business and implement more aggressive operational targets, arguing the e-commerce company has not done enough to improve its performance.The New York-based hedge fund, which owns more than 1% of the company, wrote in a letter to the management and board that EBay hasn’t done enough in the nearly 12 months since agreeing to review its classifieds business along with ticket reselling business, StubHub, which was sold last year.“In order to achieve the optimal outcome, we believe classifieds must be separated, and a more …read more […]

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Saudi Fund Sold Almost All of Tesla Holding Last Quarter

(Bloomberg) — Saudi Arabia’s sovereign-wealth fund sold almost all of its Tesla Inc. shares last quarter, nearly exiting what had been one of the largest holdings in the electric-car maker.The Saudi Arabia Public Investment Fund held just 39,151 shares at the end of the year, according to a regulatory filing. The fund previously had more than 8.2 million shares and ranked among the five biggest owners, according to data compiled by Bloomberg.The fund sold as Tesla went on an epic run to end the year, powered by a surprise profit and faster rollout of its Model Y crossover. The stock …read more […]

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Luckin Coffee share price may nearly double to $60 on U.S. exchanges: hedge fund Citron Capital

China-based Luckin Coffee Inc’s shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund Citron Capital. Better known for his short bets, Left, who is also editor of the online investment newsletter Citron Research, has come out in defense of Luckin’s stock, which his fund owns. Luckin was forced to temporarily close an estimated 200 coffee shops in Wuhan, capital of the Hubei province in China and epicenter of the deadly virus outbreak. …read more […]

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Why the market may be due for a correction

Despite market risks like the impeachment, coronavirus and geopolitical tensions, the market continues to climb higher. Clockwise Co-Founder and Smith School of Business’s Ryan Guttridge joins On the Move to break down why the market is due for a correction. …read more […]

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How to Play the Election Cycle in Your Favor

We’re less than one year from Election Day.
Ire and unease are already gripping the nation. In fact, a majority of Americans recently listed the 2020 election as the biggest stressor in their lives.
Keep that nugget in mind. Because for investors looking ahead to 2020, the U.S. presidential election adds another dose of uncertainty.
Rest assured, there is a trend that we can turn to for guidance over the next 12 months: the U.S. presidential cycle.
Historically, when a candidate takes office, they transition from campaign mode to governing. That means trying to fulfill all those promises they made on the campaign trail. …read more […]