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Hedge Funds Are Crazy About NovaGold Resources Inc. (NG)

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 more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September […] …read more […]

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Home Depot Falls as Next Year’s Forecast Rips Off ‘Band-Aid’

(Bloomberg) — Home Depot Inc. shares fell as much as 2.5% Wednesday as the retailer’s sales and operating margin guidance for next year disappointed Wall Street. The forecasts were provided ahead of the its 2019 Investor and Analyst Conference, which began at 9 a.m.Analysts weren’t completely surprised by the guide down, following Home Depot’s weaker-than-expected third-quarter report Nov. 19, which included cuts to its current year comparable sales and net sales forecasts. Sentiment was low in the stock since then, with shares down 9.6% through Tuesday’s close. The slightly lower views will result in earnings-per share reductions for the year …read more […]

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US STOCKS-S&P 500, Nasdaq set to open higher; Home Depot to pressure Dow

The S&P 500 and Nasdaq indexes were set to open slightly higher on Wednesday, with investors awaiting the Federal Reserve’s decision on monetary policy, while losses in Home Depot looked set to pressure the Dow Jones index. The Fed is widely expected to keep interest rates steady in its last policy statement, due at 2:00 p.m. ET (1900 GMT). …read more […]

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Here is What Hedge Funds Really Think About Sientra Inc (SIEN)

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]

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UPDATE 1-Correvio Pharma to explore sale after FDA panel setback, shares plunge

Correvio Pharma Corp on Wednesday said it would explore options including putting itself up for sale, a day after a panel of experts advising the U.S. health regulator voted against approving its heart drug. The Canadian drugmaker’s U.S.-listed shares plunged 57% to 60 cents in trading before the bell. …read more […]

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UPDATE 1-FAA chief says 737 MAX won't be cleared to resume flying in 2019

Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co’s (BA.N> grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019. Dickson told CNBC in an interview ahead of his testimony before the U.S. House Transportation and Infrastructure Committee that there are nearly a dozen milestones that must be completed before the plane can return to service. Dickson will testify alongside Earl Lawrence, the FAA’s aircraft certification chief. …read more […]

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2020 Retirement Income Solutions

Are you looking to earn some extra cash as a retiree? Or are you just trying to find better ways to manage your benefits and spending? Nevertheless, having retirement income solutions prepared at the end of your career will give you the upper hand.
CNBC recently reported that Americans will need $1.7 million, on average, to retire. This isn’t possible for many families across the country. Therefore, it’s becoming more common for retirees to find other sources of income, while also managing their benefits and finding the best tax rates.

What are the Best Retirement Income Solutions Today?
In some cases, the best …read more […]

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UPDATE 1-Israel Aerospace warns against flying some converted Boeing 737 freighters

Israel Aerospace Industries (IAI) on Wednesday advised customers not to fly some Boeing 737 freighters converted by IAI pending a review by Israel’s aviation authority. IAI said it had detected an “apparent irregularity” in the production process of a rigid barrier installed in some of the conversions, 47 of which it has delivered. It said it expected the results of a review by the Civil Aviation Authority of Israel (CAAI) of an interim solution proposed by IAI later on Wednesday. …read more […]

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UPDATE 1-Tesla plans increasing imported Model 3 prices in China from January -sources

U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said. Tesla plans to increase prices of imported Model 3 vehicles with longer range and those with performance function, which are currently priced at 439,900 yuan ($62,495.56) and 509,900 yuan, respectively. The move comes as Tesla, which is building a car plant in Shanghai, aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan, to customers before Jan. 25 next year. …read more […]

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UPDATE 1-Home Depot forecasts 2020 sales growth below expectations

Home Depot Inc on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations, three weeks after the home improvement chain cut its 2019 sales forecast. The company said last month that its One Home Depot strategy, which aims to improve the online and brick-and-mortar businesses, was not yet generating as much revenue as it had expected, prompting it to cut its 2019 sales forecast for the second time. The strategy will address the evolving needs of its customers, Chief Executive Officer Craig Menear said in a statement on Wednesday. …read more […]