Month: August 2020

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(Bloomberg) — Mick Mulvaney, a Trump administration veteran who served as acting White House chief of staff, is launching a hedge fund that aims to bet on financial services stocks.Mulvaney is starting the enterprise, Exegis Capital, with investor Andrew Wessel, a former portfolio manager at Sterling Capital Management. The pair discussed their plan at length in a podcast interview with S&P Global Market Intelligence released on Aug. 25.The long-short fund will capitalize on the duo’s knowledge of major regulatory changes that impact the financial services industry, they said on the podcast.Mulvaney, a former congressman, was appointed in March as the …read more […]

On CNBC’s “Fast Money Halftime Report,” Jon Najarian spoke about unusually high options activity in Roku Inc (NASDAQ: ROKU). Traders were buying the September 4, $175 calls on Friday. They bought 4,000 contracts right away and then the real buying came in and its volume increased to over 14,000 contracts, explained Najarian. He owns these calls and he is probably going to take off half since they have already doubled.Jim Lebenthal bought Roku during the show. He thinks it is a beneficiary of the stay-at-home economy. It has trailed Nasdaq and other stay-at-home stocks and it is still not trading …read more […]

AT&T (NYSE: T), has hired Goldman Sachs Group Inc. (NYSE: GS) to see through the process of offloading its stake in DirecTV, according to a Wall Street Journal report.What Happened: AT&T acquired DirecTV in 2015, and the total purchase price including assumed debt was about $67.1 billion.With the rise of various digital and OTT platforms like Netflix Inc. (NASDAQ: NFLX) there has been a steady decline in the subscriber base of DirecTV, and this is said to be the reason AT&T is exploring a sale. Advisors from Goldman Sachs and officials from AT&T have been in talks with private equity …read more […]

* This weekend’s Barron’s looks at homebuilder stocks that are poised to soar. * Other featured articles focus on COVID-19 stocks, real estate investment trusts and disruptive global tech companies. * Also, the prospects for a fast-food giant, an auto parts leader, a top software provider and more.The Housing Market Is on Fire. These Stocks Could Benefit.” by Shaina Mishkin makes a case that homebuilders like Toll Brothers Inc (NYSE: TOL) that have lagged could catch up as housing demand continues to swell.Avi Salzman’s “McDonald’s Battles Its Former CEO. Why It’s Still a Buy.” points out that fast-food …read more […]

* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This past week’s bullish calls included the iPhone maker and other tech leaders. * The leading EV maker and a top biotech were among the bearish calls.The big three U.S. stock indexes ended the past week higher, led by the more than 3% gain in the Nasdaq. Yet, economic news continued to be disappointing, prompting a Federal Reserve policy shift. It was also a week that saw a shakeup in the Dow Jones industrials, the result of a prominent stock split.As usual, …read more […]

The Federal Reserve wants a little more inflation to keep the economy buoyant. That’s hard to achieve when Main Street is so under water. …read more […]

(Bloomberg) — Reliance Industries Ltd. said it will acquire the retail, wholesale, logistics and warehousing units of India’s Future Group for 247.1 billion rupees ($3.4 billion), in a transaction that will propel Mukesh Ambani’s ambitions to dominate India’s retail sector.Future Group will merge some of its remaining businesses into Future Enterprises Ltd., Reliance Retail Ventures Ltd. said in a statement on Saturday. Ambani’s unit will then invest 12 billion rupees to acquire about 6.1% stake in Future Enterprises, according to the statement.The transaction with the Future Group will bolster Reliance Retail — already the nation’s largest retailer by the number …read more […]

Analysts are generally expecting Tesla’s battery day to be a catalyst for its stock, but not everyone is expecting the shares to rise because of the event. Wedbush analyst Daniel Ives said in a report this week that he expects the battery day to boost Tesla stock alongside the company’s growth story. He raised his bull case […] …read more […]

Mortgage rates are falling again as borrowers get a temporary break from a new surcharge. …read more […]

Ongoing turmoil from the coronavirus pandemic prompted Corporate America to unleash a wave of pink slips this week. …read more […]

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Navient… …read more […]

Canadian Solar Inc.’s (NASDAQ:CSIQ) price-to-earnings (or “P/E”) ratio of 7.5x might make it look like a strong buy… …read more […]

Bank of America Corporation (NYSE:BAC) stock is about to trade ex-dividend in four days. If you purchase the stock on… …read more […]

A Palantir IPO is filed with the SEC. After over a year of anticipation, investors are finally getting Palantir stock. It’s a Silicon Valley company, and it’s highly valued.
But is Palantir a good investment opportunity? Here’s what we know…
Palantir IPO: The Business

Billionaire Peter Thiel and CEO Alex Karp founded Palantir in 2003. It’s an American software company specializing in big data analytics. Palantir’s software manages, analyzes and secures data. It finds useful patterns showing hidden connections within data. This includes phone records, addresses and credit transactions. And as the world becomes more connected, the demand for Palantir software is higher.
Palantir …read more […]