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Was The Smart Money Right About Piling Into Axon Enterprise, Inc. (AAXN)?

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 823 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […] …read more […]

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Trump-Biden Election Fight May Be Too Close to Call for Days

(Bloomberg) — Close contests in five key states mean the U.S. presidential election may not be decided for days, or longer, even as President Donald Trump falsely claimed victory over Democrat Joe Biden with millions of ballots still to be counted.As of 6 a.m. New York time Wednesday, Biden had 238 electoral votes while Trump had 213, leaving both shy of the 270 needed to secure immediate victories.In a middle of the night speech from the White House, Trump threatened to ask the U.S. Supreme Court to intervene to stop what he called the disenfranchisement of Republican voters, without offering …read more […]

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These Hedge Funds Were Wrong About AstraZeneca plc (AZN)

Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […] …read more […]

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Sports Betting Stocks Rally After States Back Legalization

(Bloomberg) — Companies that offer online sports gambling rallied Wednesday morning after a trio of states voted in favor of ballot measures aimed at legalizing sports betting and other gaming expansion.DraftKings Inc. rallied as much as 6.2%, the most in three weeks. The gains were spread across the industry, with Penn National Gaming Inc. rising 6.1%. Flutter Entertainment Plc the owner of FanDuel, is on track for a record close in London after rising as much as 2.5%. The Roundhill Sports Betting & iGaming ETF, commonly-known by its ticker BETZ, rose 1.8% after posting its best day in more than …read more […]

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Democrats Holding House Majority But Suffer Losses to GOP

(Bloomberg) — Democrats are forecast to keep control of the U.S. House after Tuesday’s elections, but with at least six incumbents losing their seats and others in jeopardy Republicans have likely chipped away at their majority.Among the Democrats defeated were several elected in the 2018 “blue wave” that swept the party into the House majority, as well as with Agriculture Chairman Collin Peterson, who has represented his Minnesota district since 1991. There were 13 other Democrats trailing or in tight races in Pennsylvania, New York, Michigan, Iowa, Virginia and California.With the losses and the failure to flip targeted GOP seats …read more […]