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Hedge Funds Are Dumping Warrior Met Coal, Inc. (HCC)

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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Hedge Funds Snapped Up ACADIA Pharmaceuticals Inc. (ACAD) Before The Q4 Rally

The market has been volatile in the last few months as the Federal Reserve finalized its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […] …read more […]

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Prudential Financial Inc (PRU): Are Hedge Funds Right About This Stock?

The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]

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Hedge Funds Cashed Out Of Amicus Therapeutics, Inc. (FOLD) Too Early

Amid an overall bull market, many stocks that smart money investors were collectively bullish on 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. Our research shows that most of the stocks that smart money likes historically generate strong […] …read more […]

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RPT-Tankers running on fumes as shipping fuel switch causes delays

LONDON/SINGAPORE, Dec 5 (Reuters) – Disruption to shipping from the long-anticipated switch to more environmentally friendly marine fuels has finally arrived, exacerbated by logistical problems as much as any shortage of the cleaner fuel. New International Maritime Organization (IMO) rules, referred to as IMO 2020, aim to stop ships from using fuels containing more than 0.5% sulphur unless they are equipped with exhaust-cleaning systems known as scrubbers. From the start of January ships must load very low sulphur fuel oil (VLSFO) or more expensive marine diesel unless they have scrubbers for the old high-sulphur fuel oil (HSFO). …read more […]

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UPDATE 1-FDA probes diabetes drug metformin for carcinogen NDMA

The U.S. Food and Drug Administration is investigating whether the diabetes drug metformin had unsafe levels of a cancer-causing chemical and will recommend recalls as appropriate, the agency said on Thursday. The move is part of the agency’s broader push to investigate a range of drugs for the presence of the carcinogen, known as N-nitrosodimethylamine (NDMA), with popular heartburn medication Zantac being recalled this year for fear it contained NDMA. Metformin is a first-line medication for the treatment of type 2 diabetes. …read more […]

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Asian shares firm, oil near two-month high after deeper output cut

Asian stocks held firm on Friday as U.S. President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat near two-month highs after producers led by Saudi Arabia and Russia agreed on further output cuts. Japan’s Nikkei rose 0.28% and MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.19%. Trump said on Thursday that U.S.-China trade talks are “moving right along,” striking an upbeat tone despite a lack of agreement over whether existing tariffs should be dropped as part of a deal. …read more […]

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UPDATE 1-Two ex-Celadon executives charged with fraud at trucking company

Two former top executives at Celadon Group Inc have been charged with fraud and lying to auditors by concealing losses in the trucking company’s aging fleet as the market softened, the U.S. Department of Justice said on Thursday. The charges against former chief operating officer William Eric Meek and former chief financial officer Bobby Lee Peavler follow Celadon’s agreement in April to pay $42.2 million and enter a deferred prosecution agreement to settle related claims. Authorities charged Meek and Peavler with involvement in a 2016 scheme where a Celadon unit, Quality Companies, tried to rid itself of hundreds …read more […]

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Two ex-Celadon executives charged with fraud at trucking company

Two former top executives at Celadon Group Inc have been charged with fraud and lying to auditors by concealing losses in the trucking company’s aging fleet as the market softened, the U.S. Department of Justice said on Thursday. The charges against former chief operating officer William Eric Meek and former chief financial officer Bobby Lee Peavler follow Celadon’s agreement in April to pay $42.2 million and enter a deferred prosecution agreement to settle related claims. Authorities charged Meek and Peavler with involvement in a 2016 scheme where a Celadon unit, Quality Companies, tried to rid itself of hundreds …read more […]

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Ulta Beauty profit beats on demand for high-margin cosmetics; shares rise 11%

Ulta Beauty Inc beat quarterly profit estimates on Thursday, driven by sales of higher-margin cosmetics products, sending the retailer’s shares up over 11% in extended trading. The near 30-year-old company has capitalized on booming demand for celebrity-led beauty brands, which are usually priced at a premium, and has attributed cosmetics lines from Kylie Jenner and YouTuber James Charles for driving customers to its stores. In October, Ulta said it had secured exclusive rights to sell singer Jennifer Lopez’s new fragrance, PROMISE, in the United States. …read more […]