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Trading Ideas

Were Hedge Funds Right About Piling Into American Tower Corporation (AMT)?

October 22, 2020 admin Comments Off on Were Hedge Funds Right About Piling Into American Tower Corporation (AMT)?

Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks aren’t doing […] …read more […]

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Pelosi Says ‘Just About There’ on Stimulus; Senate Hurdle Awaits

October 22, 2020 admin Comments Off on Pelosi Says ‘Just About There’ on Stimulus; Senate Hurdle Awaits

(Bloomberg) — House Speaker Nancy Pelosi said she and Treasury Secretary Steven Mnuchin are “just about there” on resolving a key piece of a coronavirus relief package, even as there are significant differences still being negotiated.Pelosi said she and Mnuchin were nearing agreement on how to allocate money for testing and tracing to safely reopen schools and the economy, a key aspect in the talks. She said they still haven’t settled three of the main sticking points: Democrats’ demands for aid to state and local governments, school funding and Republican insistence on a liability shield for employers.Pelosi and Mnuchin are …read more […]

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Goldman Gets Record 1MDB Fine; Solomon Faces Pay Reduction

October 22, 2020 admin Comments Off on Goldman Gets Record 1MDB Fine; Solomon Faces Pay Reduction

(Bloomberg) — Goldman Sachs Group Inc. will pay a record foreign bribery penalty in the U.S. and will enter a guilty plea for the first time ever for its role in the plundering of Malaysia’s 1MDB investment fund.A Goldman subsidiary in Malaysia pleaded guilty to a single charge for its role in a scheme to divert billions of dollars raised for economic development in Malaysia. The Wall Street giant will also force Chief Executive Officer David Solomon and his predecessor Lloyd Blankfein to return some of their compensation, according to a person briefed on the matter.The parent company avoided conviction …read more […]

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J.P. Morgan: 2 High-Yield Dividend Stocks to Buy Now

October 22, 2020 admin Comments Off on J.P. Morgan: 2 High-Yield Dividend Stocks to Buy Now

Just two weeks ago, the markets were factoring in an all-but-certain Biden victory in the upcoming presidential election as well as a “Blue Wave” of democrats taking control of the Senate and Congress as well as the presidency. This would mean a path of least resistance for a new stimulus bill. But, now not all is as it seems; market participants are taking a more thorough, deeper second look at the polling numbers. JPMorgan strategist Nikolaos Panigirtzoglou believes that election odds are narrowing making a contested result that could hamper stimulus and hurt stocks more likely. A mixed bag …read more […]