Month: November 2020

(Bloomberg) — China’s move to abruptly halt the world’s biggest stock-market debut sends global investors a clear message: Any financial opening will only be done on terms that benefit President Xi Jinping and the Communist Party.Policy makers in Beijing shocked the investment world on Tuesday by suspending an initial public offering by Ant Group Co., a fintech company owned by billionaire Jack Ma — China’s second-richest man. The decision came just two days before shares were set to trade in a listing that attracted at least $3 trillion of orders from individual investors.The timing of the decision showed once again …read more […]

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 […]

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 […]

J.P. Morgan Global Markets Strategist Nikolaos Panigirtzoglou weighs in on the impact of the 2020 U.S. elections on the stock market. …read more […]

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And just like that, Election Day has come and gone. After Americans took to the polls, Wall Street is anxiously waiting to see if a clear winner will be named. According to Wall Street pros, a declared winner, regardless of who it is, would be beneficial to the markets. That said, some argue volatility in the days after the election is not out of the question. To this end, the pros recommend taking advantage of any quick dips to pick up compelling names.Bearing this in mind, we turned to investment firm Goldman Sachs for some inspiration. Looking at two stocks …read more […]

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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 […]

(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 […]

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 […]

(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 […]

Those following along with OPKO Health, Inc. (NASDAQ:OPK) will no doubt be intrigued by the recent purchase of shares… …read more […]

The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says… …read more […]

CALGARY, AB, Nov. 4, 2020 /CNW/ – The Board of Directors of Enbridge Inc. …read more […]

As you might know, Lumentum Holdings Inc. (NASDAQ:LITE) just kicked off its latest first-quarter results with some… …read more […]