Trading Ideas
Month: May 2020
Business News
‘Rally of hope’: Why the S&P soared back past 3,000
Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low.
Business News
S&P 500 clears 3,000 barrier on economic recovery and vaccine hopes
U.S. stocks jumped on Tuesday, propelling the S&P 500 past the key psychological level of 3,000 points as optimism about developing coronavirus vaccines and the revival of business activity helped investors overlook simmering China-U.S. tensions.
Trading Ideas
Hedge Funds Have Never Been This Bullish On Advanced Micro Devices (AMD)
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […] …read more […]
Trading Ideas
Berkshire Hathaway (BRK-B) Is the Most Recession-Resistant Stock to Buy Now
Giverny Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. You should check out Giverny Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds […] …read more […]
Trading Ideas
Hedge Funds Have Never Been This Bullish On Verizon Communications Inc. (VZ)
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 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of March 31st, 2020. […] …read more […]
Business News
Apple to reopen about 100 U.S. stores, most with curbside pickup
Apple Inc plans to reopen about 100 U.S. stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.
Trading Ideas
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank will boost its credit reserves again in the second quarter by an amount “roughly equivalent” to the $7 billion it added in the first quarter to protect the bank from a potential wave of loan defaults. “Since CECL is very forward looking, I think that banks will have to put up a lot more credit reserves this quarter,” Dimon said, referring a new accounting rule that requires banks to take provisions now for loans a borrower may default on at any …read more […]
Business News
JPMorgan CEO: bank will again boost credit reserves in second quarter
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build in the second quarter that is “roughly equivalent” to the billions it added to its reserves in the first quarter.
Trading Ideas
Hedge Funds Started Cashing Out Of Costco Wholesale Corporation (COST)
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]
Business News
Oil prices rise as faith in supply cuts grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing.
Business News
U.S. consumer confidence stabilizes; new home sales surprise
U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts to reopen, but it could take a while for the economy to dig out of its hole amid record unemployment.
Business News
S&P 500 clears 3,000 barrier on hopes of recovery, vaccine
ṄU.S. stocks jumped and the S&P 500 crossed 3,000 points on Tuesday as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-U.S. tensions.
Business News
Exclusive: Coronavirus spreads in Brazil’s oilfields, as six offshore operators register cases
Norway’s Equinor ASA , Brazil’s Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources.
Trading Ideas
Hedge Funds Aren’t Crazy About Wells Fargo & Company (WFC) Anymore
In this article we will check out the progression of hedge fund sentiment towards Wells Fargo & Company (NYSE:WFC) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […] …read more […]