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Jul 05, 2020
Stock futures opened slightly higher Sunday evening, even as coronavirus cases continued to march higher globally and domestically.
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Jul 05, 2020
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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Jul 05, 2020
Journal Editorial Report: The week's best and worst from Jillian Melchior, Jason Willick, Mary O'Grady and Dan Henninger. Images: Getty Images Composite: Mark Kelly
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Jul 05, 2020
Journal Editorial Report: Paul Gigot interviews General Jack Keane. Image: Thomas Watkins/AFP via Getty Images
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Jul 05, 2020
Journal Editorial Report: Getting past it without relocking the economy. Image: Justin Sullivan/Getty Images
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Jul 05, 2020
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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Jul 05, 2020
Dominion has more than 7 million energy customers across 20 states in the U.S. Berkshire Hathaway provides service to 12 million worldwide customers.
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Jul 05, 2020
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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Jul 05, 2020
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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Jul 05, 2020
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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Jul 05, 2020
Lucky Brand, which has about 200 stores in North America and sells its products in department stores, filed for Chapter 11 on Friday.
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Jul 05, 2020
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
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Jul 05, 2020
Luke Lloyd, a wealth advisor at Strategic Wealth Partners, joins Yahoo Finance to highlight how some Americans are using the COVID-19 pandemic as an opportunity to reset retirement goals.
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Jul 05, 2020
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
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Jul 05, 2020
The Last Week In A Nutshell What Happened: The S&P 500 experienced its best quarter since 1998, adding 20%."A 20% quarterly gain is quite rare, but the catch is previous large quarterly gains have actually led to continued strength. In fact, a quarter later stocks have been higher the past eight times after gaining at least 15% during the previous quarter," LPL Financial Senior Market Strategist Ryan Detrick said in a statement. Remember This: While the risk of a national COVID-19 coronavirus resurgence remains, a more likely outcome is that localized outbreaks appear, suggested Brad McMillan, chief investment officer for Commonwealth Financial Network. Even if cases rise across the nation, most of the damage will be confined to a limited number of states, he said.As a result, without national lockdown measures, an economic recovery is likely to continue into next year, McMillan said. Pictured: profile chart of the S&P 500 E-mini Futures. Technical: Broad-market equity indices one time framed higher last week, evidenced by the higher highs and lows on the daily time frame, and closed the week off near a resistive low-volume area.Recapping Last Week's Action: On Monday, the S&P 500 established a higher low, above the year-to-date volume weighted average price, and squeezed on good delta, through resting liquidity at and above $3,020.After Tuesday's challenge higher, the S&P retested $3,100, a high-volume area, and balanced Wednesday, building value and acceptance of $3,100 as evidenced by the responsiv
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Jul 05, 2020
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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Jul 05, 2020
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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Jul 05, 2020
Bargersville, Indiana Police Chief Todd Bertram tweeted last week: "almost a year old and still beautiful only thing we have done is rear tires," showing a picture of a Tesla Model 3 parked in his driveway. What Happened: About one year ago, Bargersville Police put the electric car into action. They removed the interior and added everything they needed in a police car.Although a Model 3 costs more than the Dodge Charger it's replacing initially, the department expects the Tesla to cost almost $7,000 less per year in fuel alone.They also mention maintenance items such as tires and windshield wipers are cheaper on the Tesla. Overall, they expect so save $20,600 by the third year.According to this recent update from Bertram, it seems the savings may be even more than anticipated.Why It's Important: There have been many examples of police departments using Tesla vehicles as a proof-of-concept to see if the low maintenance and fuel costs would lead to a more affordable police car in the long run.In Fremont, California, the same city where Tesla produces its vehicles, the police department has been using a Model S as a proof-of-concept for over a year.Although there was one incident that lead the car to have to drop out of a chase due to a low battery, the department said the car started its shift with a 50% charge, and the chase occurred nine hours into the shift. Benzinga's Take: While the high initial cost may make an electric vehicle seem like a poor choice for taxpayers, the long-term benefits are numerous.Elec
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Jul 05, 2020
It was a relatively quiet week ahead of the Fourth of July. Nonetheless, a handful of announcements had the cannabis markets buzzing.Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) plummeted after the company, focused on the development of cannabinoid-based therapies for rare and near-rare neuropsychiatric disorders, said its product cadidate, Zygel, did not meet the primary and secondary endpoints of a pivotal study dubbed CONNECT-FX that evaluated the safety and efficacy of the pipeline asset in Fragile X syndrome patients.Canadian cannabis producer Organigram Holdings (TSE: OGI) (NASDAQ: OGI) announced it would reduce its staff by 25%, firing 220 employees.In some positive news, Acreage Holdings Inc. (CSE: ACRG) (OTC: ACRGF) finalized the $10-million purchase of New Jersey's Compassionate Care Foundation Inc. (CCF).Lawn and garden care company Scotts Miracle-Gro (NYSE: SMG) (FRA: SCQA) announced it would launch a $50-million venture capital fund, 1868 Ventures. The fund will invest in early stage companies that align with its business model and possibly operate as partners.Vertosa promoted vice presient Austin Stevenson to chief innovation officer. Stevenson will continue to establish Vertosa as a preeminent cannabis and hemp infusion technology provider, further developing its mission and framework for continued evolution. He will identify innovative initiatives, develop new profit centers and ensure promising projects are commercial
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Jul 05, 2020
PG&E Corporation (NYSE:PCG) is an industry leader in arson and manslaughter. They also do something with electricity. PCG filed for bankruptcy in January of 2019 after they were unable to pay billions in claims. To call the bankruptcy process a klusterfuk, is generous to all involved. However, that's all in the rearview mirror. A bunch of […]
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Jul 05, 2020
(Bloomberg) -- Remember last earnings season? When companies were reporting their worst quarter since the financial crisis. And nobody dared guess what the future held. Bankruptcy risk was everywhere. Oh, and stocks rallied so hard that $5 trillion got added to share prices.It's safe to say investors were in a forgiving mood back then. With stocks up 25% since, the time for patience has passed.True, companies had had time to devise plans for a world reordered by the coronavirus. But stocks are also coming off their best quarter in 22 years, with valuations by some measures the most expensive in two decades. Add to that: earnings estimates proffered by analysts are even more speculative this time around, after 80% of companies refused to provide guidance over the last three months."Investors are going to start demanding a little bit more clarity -- whether it's good or bad, they just want to know," said David Lebovitz, a global market strategist at JPMorgan Asset Management. "If nothing else, managements have a bit more of a play-book for thinking about dealing with the virus than with the case back in March."Banks are set to kick off the second-quarter reporting season in less than two weeks. At first glance, the 44% profit contraction expected for S&P 500 companies -- the worst since 2008 -- seems at odds with with the explosive rally that's restored most of what was lost in the March meltdown. Yet Wall Street pros will know the stock market long ago discounted all that. It's not recent histor
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Jul 05, 2020
In numerous columns, and years before that, I have been beating one drum. The stock market is forward looking. It attempts to figure out which firms will control the future, Amazon for instance, and which companies have dropped the ball, IBM for instance. There are numerous examples of this dichotomy, but one I have been harping on […]
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Jul 05, 2020
(Bloomberg) -- Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to an eight-year high.Inflows into exchange-traded funds this year -- mostly in North America and Europe -- are already inches away from the annual record set in 2009, according to data compiled by Bloomberg. Meanwhile, demand in China and India, the world's two biggest buyers of gold bars, coins and jewelry, plunged after the coronavirus stalled imports and emptied malls. Sales have been slow to return as rising prices deter buyers.The shift underscores the global push-and-pull for gold between western investors looking for a safe haven and traditional demand centers for physical gold in Asia. It also raises crucial questions for the market this year, as gold prices risk losing support if ETF inflows slow down, or could gain even more momentum if Chinese and Indian demand bounces back."We expect the U.S. and European investors to remain interested in gold regardless of Asian demand," said Darwei Kung, head of commodities and portfolio manager at DWS Investment Management Americas Inc. "If the buying pattern were to go up as well for China and India at the same time as what you see in the ETF market, then the price would have come up even further."Fear-driven investment demand in developed countries has contributed about 18% to this year's gain in gold prices, while weaker buying by emerging-market consu
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Jul 05, 2020
President Donald Trump's mushrooming political challenges may signal an electoral washout that alters the composition of the Republican-led Senate.
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Jul 05, 2020
Three other board directors including Sean Shao were also removed at an extraordinary shareholders meeting in Beijing on Sunday, the report https://bloom.bg/38slTRo said. Ying Zeng and Jie Yang will be added as independent board directors, the report added. Luckin Coffee declined to comment.
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Jul 05, 2020
The 50% level at $1780.90 is controlling the near-term direction of the market. Closing above this level makes it support early Monday.
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Jul 05, 2020
(Bloomberg) -- Just over a month after turning more upbeat on the economy, the Bank of Israel is still unlikely to tinker with its near-zero interest rates even as it confronts a renewed surge in Covid-19 cases and strengthening shekel.Coronavirus infections plummeted after the government imposed a near-total shutdown from mid-March through late April, but opening up the economy has brought the disease back to new daily highs. The second wave of contagion is almost certain to complicate plans by the central bank to step aside in favor of a primarily fiscal response to the crisis, forcing investors to reassess its appetite for market intervention.While analysts surveyed by Bloomberg unanimously expect the monetary committee on Monday to leave the key rate at an all-time low of 0.1%, it may follow the U.S. Federal Reserve and consider more policy guidance or discuss a commitment to limit the yields on government bonds."What we could see is a more clear and sort of forceful forward guidance regarding future government bond purchases and yield curve control, which is the big topic these days," said Jonathan Katz, an economist for Tel Aviv-based Leader Capital Markets Ltd., who expects no change to the benchmark rate this week.Since March, the Bank of Israel rolled out a series of crisis programs to boost liquidity and credit including 50 billion shekels ($14.6 billion) of government bond purchases. Officials have raised the possibility of expanding the program or broadening it to include corporate debt.The Bank of Israel's foreca
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Jul 05, 2020
Up, up and away they go. Kicking off the second half of the year with a bang, the S&P 500 followed up its best quarter in over 20 years by extending its winning streak to four sessions. That said, given the current climate of uncertainty, predicting what the remainder of 2020 holds can feel like a guessing game. So, maybe it's time to look at what the insiders are doing. Company owners, presidents and other officers, board members - have a direct line to information that the rest of us don't usually see. Their positions put them in place to know what is about to impact their companies, and they have access to better legal and regulatory advice than the general public. It's only natural - and very human - for them to use this information in their personal trading activities. To keep the playing field a bit more level, these people in the know are required to disclose their inside trades quarterly. TipRanks collects that insider trading data, and puts it in the context of the larger markets. The Insiders' Hot Stocks tool lets you follow the insiders, sorting the data by stock or by trading strategy. It's a smart way to get an inside track, and to demonstrate, we've picked three stocks that have recently skewed strongly positive on the strength of insider trades. T-Mobile US, Inc. (TMUS) The first stock is a company you know. T-Mobile is the country's third largest wireless carrier, by customer base, and the company started Q2 by taking ownership of competitor Sprint. This past quarter marked the first full quarter of activity by the
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Jul 05, 2020
As of April 17, the original filing deadline, the IRS had processed 24 million fewer returns than it had last year, the Taxpayer Advocate Service said
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Jul 05, 2020
(Bloomberg) -- Remember last earnings season? When companies were reporting their worst quarter since the financial crisis. And nobody dared guess what the future held. Bankruptcy risk was everywhere. Oh, and stocks rallied so hard that $5 trillion got added to share prices.It's safe to say investors were in a forgiving mood back then. With stocks up 25% since, the time for patience has passed.True, companies had had time to devise plans for a world reordered by the coronavirus. But stocks are also coming off their best quarter in 22 years, with valuations by some measures the most expensive in two decades. Add to that: earnings estimates proffered by analysts are even more speculative this time around, after 80% of companies refused to provide guidance over the last three months."Investors are going to start demanding a little bit more clarity -- whether it's good or bad, they just want to know," said David Lebovitz, a global market strategist at JPMorgan Asset Management. "If nothing else, managements have a bit more of a play-book for thinking about dealing with the virus than with the case back in March."Banks are set to kick off the second-quarter reporting season in less than two weeks. At first glance, the 44% profit contraction expected for S&P 500 companies -- the worst since 2008 -- seems at odds with with the explosive rally that's restored most of what was lost in the March meltdown. Yet Wall Street pros will know the stock market long ago discounted all that. It's not recent histor
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Jul 05, 2020
(Bloomberg) -- Luckin Coffee Inc.'s chairman, Charles Zhengyao Lu, was ousted by shareholders from the scandal-plagued Chinese company, just days after surviving an effort by some directors to strip him of control, Chinese web portal 163.com reported, citing unidentified sources.Three other board directors including Sean Shao were also removed at an extraordinary shareholders meeting in Beijing on Sunday, according to the report, and Ying Zeng and Jie Yang will be added as independent board directors.A company representative didn't immediately respond to a request for comment.The removal of Lu is the culminating step in a major shakeup of top management since fabricated transactions dating back to April 2019 came to light earlier this year. The coffee chain already fired its chief executive and chief operating officers, among other employees, in May as it came under investigation by Chinese and U.S. regulators.The voting result ended a temporary reprieve for Lu, who remained chairman after a proposal to remove him from the startup he founded wasn't approved by the required two-thirds of directors at a special meeting Thursday. According to Luckin's Articles of Association, a director can be removed by shareholders or other board directors.Luckin's executive shakeup is an unusual case in China, where it's rare for a private startup to oust a founder and chairman, who is considered the soul of the firm. Lu and others were removed in a bid to distance the company from the financial scandal and al
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Jul 05, 2020
Wynn Resorts is bleeding cash at a rapid pace despite the reopening of Macao and Las Vegas hotels and casinos.
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Jul 05, 2020
WINNIPEG, Manitoba/TORONTO (Reuters) - Six years ago, Canadian oilfield services firm Calfrac Well Services commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion. The Texas billionaire Wilks brothers, already its top shareholder, scooped up more of the company's debts in June, a regulatory filing showed, preparing to salvage what they can from restructuring. The Canadian industry has borrowed heavily to survive a series of catastrophes, and is facing C$6 billion in refinancing in the next six months, the Bank of Canada said in May.
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Jul 05, 2020
Does the July share price for BlackBerry Limited (TSE:BB) reflect what it's really worth? Today, we will estimate the...
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Jul 05, 2020
If you are looking to hit a home run in the stock market, the NASDAQ Composite is a good place to start. The index is home to surging technology, internet, and biotech stocks. Despite the adverse effects from COVID-19, the index is up 25% over the past year, and recently hit a new all-time high. Now comes the hard part. How are investors supposed to determine which stocks are poised to take off? Will the current winners continue climbing, or will new high-flyers emerge? Finding the next big one is challenging to say the least. On top of this, there are numerous and sometimes conflicting investing strategies to consider. Bearing this in mind, Wall Street analysts can provide some inspiration. The experts possess extensive knowledge about the stocks they cover, and offer insights on compelling names that don't always get the same attention as other heavyweights. To this end, we used TipRanks' database to pinpoint three micro-cap stocks that have earned a "Strong Buy" consensus rating from the analyst community. Not to mention each boasts excellent upside potential. We're talking about over 120% here. Immunic, Inc. (IMUX) The first stock on our list is New York-based Immunic, a pharmaceutical company developing drugs to treat chronic autoimmune, inflammatory and viral diseases, with its market cap landing at only $182.9 million. The company's lead prospect is IMU-838, an orally-dosed DHODH (an enzyme in humans that is encoded by the DHODH gene on chromosome 16) inhibitor. IMU-838 is currently being tested in four Phas
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Jul 05, 2020
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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Jul 05, 2020
Trader reaction to the minor pivot at $39.36 and the major Fibonacci level at $41.56 will set the near-term tone.
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Jul 05, 2020
Gold managed a breakout to a fresh high at $1779 on Wednesday last week. It is the highest level reached by this precious metal in nearly 8 years.
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Jul 05, 2020
The precious metals miners took a beating when COVID first reared its ugly head in the US in March.
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Jul 05, 2020
Crude oil prices dropped below $43 at the end of this week as growing concerns on the resurgence of COVID-19 cases in major economies around the world strengthened concerns that global energy demand growth could freeze.
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Jul 05, 2020
Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s. Francis Maguire reports.
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Jul 05, 2020
(Bloomberg) -- Crude oil is the world's most important commodity, but it's worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world's refining industry today is in pain like never before."Refining margins are absolutely catastrophic," Patrick Pouyanne, the head of Europe's top oil refining group Total SA, told investors last month, echoing a widely held view among executives, traders and analysts.What happens to the oil refining industry at this juncture will have ripple effects across the rest of the energy industry. The multi-billion-dollar plants employ thousands of people and a wave of closures and bankruptcies looms."We believe we are entering into an ‘age of consolidation' for the re?ning industry," said Nikhil Bhandari, refining analyst at Goldman Sachs Inc. The top names of the industry, which collectively processed well over $2 trillion worth of oil last year, are giants such as Exxon Mobil Corp. and Royal Dutch Shell Plc. There are also Asian behemoths like Sinopec of China and Indian Oil Corp., as well as large independents like Marathon Petroleum Corp. and Valero Energy Corp. with their ubiquitous fuel stations.The problem for the refiners is that what's killing them is the medicine that's saving the wider petroleum industry.When U.S. President Donald Trump engineered record oil production cuts between Saudi Arabia, Russia and the rest of the OPEC alliance in April, he may have saved the U.S.
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Jul 04, 2020
Singapore's High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what it described as 'suspicious' deals involving oil major BP , according to an affidavit filed with the court this week and reviewed by Reuters. Hontop, the trading arm of Chinese independent refiner China Wanda Holding Group Co Ltd, is one of four commodity trading firms in Singapore which ran into financial trouble as the oil price crashed.
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Jul 04, 2020
Mortgage rates fall to a new record low, bringing sub-3% into play. Concerns over COVID-19 and its impact on the economy led rates downwards.
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Jul 04, 2020
It's a mixed start to the day for the broader market. A Bitcoin breakout from $9,200 would support the pack.
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Jul 04, 2020
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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Jul 04, 2020
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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Jul 04, 2020
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. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
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Jul 04, 2020
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
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Jul 04, 2020
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
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Jul 04, 2020
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
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Jul 04, 2020
(Bloomberg) -- Western investors piling into gold in the pandemic are more than making up for a collapse in demand for physical metal from traditional retail buyers in China and India, helping push prices to an eight-year high.Inflows into exchange-traded funds this year -- mostly in North America and Europe -- are already inches away from the annual record set in 2009, according to data compiled by Bloomberg. Meanwhile, demand in China and India, the world's two biggest buyers of gold bars, coins and jewelry, plunged after the coronavirus stalled imports and emptied malls. Sales have been slow to return as rising prices deter buyers.The shift underscores the global push-and-pull for gold between western investors looking for a safe haven and traditional demand centers for physical gold in Asia. It also raises crucial questions for the market this year, as gold prices risk losing support if ETF inflows slow down, or could gain even more momentum if Chinese and Indian demand bounces back."We expect the U.S. and European investors to remain interested in gold regardless of Asian demand," said Darwei Kung, head of commodities and portfolio manager at DWS Investment Management Americas Inc. "If the buying pattern were to go up as well for China and India at the same time as what you see in the ETF market, then the price would have come up even further."Fear-driven investment demand in developed countries has contributed about 18% to this year's gain in gold prices, while weaker buying by emerging-market consu
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Jul 04, 2020
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
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Jul 04, 2020
(Bloomberg) -- A Chinese quant-trading firm made 108% this year by selling every stock bought the previous day.Zhang Ruiqi, the 34-year-old chairman of Shenzhen Qianhai United Fortune Fund Management Co., screens about a dozen mainland-listed stocks every day for their turnover, momentum and volatility. He then does it all over again the following day. That strategy, which he calls the "all-in-all-out" method, helped his flagship $5 million fund gain 108% this year through June, according to data provider Simuwang.com.Rather than pick stocks based on their earnings prospects or dividends, quantitative stock funds typically rely on complex and proprietary mathematical models to generate returns. Instead of buy-and-hold, quants are known for their high-frequency trading systems that are well-suited for high turnover markets like China. Quant strategies have become extremely popular globally in the past few years as traditional stock-picking methods struggled to beat equity indexes."Our strategy allows us to make money from stocks that have the strongest market sentiment on a day-to-day basis -- and that has turned out to be overwhelmingly successful so far this year," said Zhang in a phone interview from his office in Shenzhen.High trading volumes have been "essential" to the fund's success, said Zhang. It has also been helped by certain sectors sustaining gains, particularly stocks associated with technology, health care, agriculture, consumer goods and baijiu liquor. "Market sentiment on hot sectors t
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Jul 04, 2020
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
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Jul 04, 2020
As demand for Tesla's vehicles and other products grow, the automaker needs more batteries. This should not come as much of a surprise, as Tesla continues to deliver more cars than Wall Street analysts predict.Batteries have been one of the limiting factors in scaling up production of the company's cars and home Powerwalls. What Happened: A new report from Reuters says Tesla is now ready to grow its battery production capacity in South Korea thanks to help from LG Chem.In the United States, Tesla has produced all of its own batteries in collaboration with its partner Panasonic.LG Chem has traditionally been the battery supplier for all other electric vehicles in the United States.Why It's Important: This is not the first time Tesla has needed help producing more batteries - in China, Tesla gets its battery supply with the help of CATL. This could also have a secondary positive effect for Tesla. Batteries are limited worldwide as demands grows. If Tesla can outbid competitors and secure battery supply, it may leave other entrants into the EV field with the big problem of supply -- with no where to turn when Tesla is claiming most of the world's batteries. Benzinga's Take: This is great news for Tesla. A problem of high demand and not enough supply is a great one to have.If the company can figure out how to source these batteries, they can continue selling more cars and growing their market share.Tesla is set to reveal their million-mile battery Sept. 15 that uses a new technology and new manufacturing process. This may allow Tesla to gro
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Jul 04, 2020
* Insider buying can be an encouraging signal for potential investors. * The executive chair of a petroleum production company returned to the buy window last week. * A former director and a former 10% owner also made notable purchases.Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty.Insiders continued to add shares despite overall market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week.Continental Resources Continental Resources, Inc. (NYSE: CLR) saw its founder and executive chair Harold Hamm return and purchase more than 3.13 million additional shares. At per-share prices between $15.18 and $17.92, that totaled more than $52.37 million. His stake is up to 9.61 million shares. The total float is about 74.5 million shares.Analysts at UBS raised their price target last week.Continental Resources stock rose more than 21% last week and was last seen at $18.30 a share. That is above Hamm's most recent purchase price range. The share price is up over 23% since the year-to-date low back in early March.T-Mobile Softbank Executive Chair Ron Fisher, a recently resigned T-Mobile Us Inc (NASDAQ: TMUS) director, also stepped up to the buy window last week. He indirectly picked up 350,000 shares of this wireless services provider for $103 each. That
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Jul 04, 2020
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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Jul 04, 2020
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. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
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Jul 04, 2020
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week's bullish calls the he electric vehicle leader and a car rental giant. * A financial giant and a COVID-19 vaccine play were among the bearish callsThe big three U.S. indexes ended the holiday-shortened week with gains of at least 3%. A big bankruptcy in the oil patch comes ahead of a possible rekindled oil price war, and jobs numbers were better than expected.Also, the leading electric vehicle maker trounced expectations last week and became the world's most valuable automaker. And the COVID-19 resurgence continues to wreak havoc on businesses large and small.Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls In "Tesla Analyst Sees 'Major Home Run' In Q2 Deliveries Despite Year-Over-Year Declines," Elizabeth Balboa shares why better-than-expected Tesla Inc (NASDAQ: TSLA) deliveries are a "jaw dropper."Shanthi Rexaline's "Why Square Is A 'Need-To-Own' Stock For Years To Come" reveals why Square Inc (NYSE: SQ) revenue is likely to increase more than three times over the next five years."Avis Budget Benefits From Improving Used Car Market, Morgan Stanley Says In Upgrade" by Priya Nigam suggests that Avis Budget Group Inc. (NASDAQ: CAR) appears poised for share gains.Its first major acquisition brings Lululemon Athletica Inc (NASDAQ: LULU) a new revenue stream and new cu
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Jul 04, 2020
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 […]
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Jul 04, 2020
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]
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Jul 04, 2020
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. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
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Jul 04, 2020
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 […]
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Jul 04, 2020
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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Jul 04, 2020
A look at the shareholders of Comerica Incorporated (NYSE:CMA) can tell us which group is most powerful. Insiders...
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Jul 04, 2020
Billionaire bond investor Jeffrey Gundlach believes the Fed's feats of lending and bond buying may come back to haunt policymakers.
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Jul 04, 2020
Jul.04 -- Speaking Friday night at Mount Rushmore in South Dakota, President Donald Trump said the national monument will never be desecrated. He also spoke about the "cancel culture" and the movement by some to tear down monuments around the country.
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Jul 04, 2020
Jul.04 -- President Donald Trump spoke at Mount Rushmore on Friday night, claiming "the left wing cultural revolution is designed to overthrow the American revolution."
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Jul 04, 2020
The 7 most powerful navies in the world have spared no expense in ensuring the safety of their seas, and by proxy, their nations. Any country which has a sea needs a navy in order to protect its shores from other nations and ensure the safety of their own nation. Navies are generally used to protect their […]
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Jul 04, 2020
Yes, a mortgage is a big deal, but it's probably not as complicated as you might think.
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Jul 04, 2020
The spectacular jobs report for June could help to push rates higher.
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Jul 04, 2020
Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s. Francis Maguire reports.
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Jul 04, 2020
High-flying Nikola Corp. (NASDAQ: NKLA) came back to earth Thursday as early investors in the electric truck startup sold discounted shares at a handsome profit.With lockup provisions lifted, investors in a private investment in public equity (PIPE) with VectoIQ were allowed to sell most of the 53.3 million shares purchased for $10 each before the special purpose acquisition company (SPAC) became Nikola in a reverse merger on June 2.Nikola shares closed down 13.22% at $57.69 Thursday as PIPE investors realized gains exceeding $50 a share based on Thursday's opening price of $64.27. Shares have traded in the mid-$60 range recently, temporarily buoyed Monday by the taking of preorders for the company's Badger battery-electric pickup with a fuel cell range extender.A tweet from Executive Chairman Trevor Milton on Thursday that $5,000 deposit Badger preorders were sold out briefly raised the stock price, but it didn't last.Nikola traded within cents of $100 a share on its third day of trading June 8. Milton, who owns about 35% of Nikola shares, declined to comment for this story.Nikola retains the $525 million raised from the PIPE but gets nothing from the share sale. It could realize $274 million from the issuance of 23 million new shares that can be purchased with 890,000 warrants beginning Friday, according to a June 15 S-1 filing with the U.S. Securities and Exchange Commission (SEC). The new shares would dilute the roughly 354 million original Nikola shares while consistent selling of the PIPE-issued shares could create an
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Jul 04, 2020
Ford sales hit hard while Explorer and Ranger make gains
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Jul 04, 2020
A look at the shareholders of Brookfield Infrastructure Corporation (NYSE:BIPC) can tell us which group is most...
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Jul 04, 2020
A look at the shareholders of Brookfield Infrastructure Corporation (NYSE:BIPC) can tell us which group is most...
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Jul 04, 2020
It is hard to get excited after looking at Teledyne Technologies' (NYSE:TDY) recent performance, when its stock has...
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Jul 04, 2020
Stanphyl Capital letter to investors for the month ended June 30, 2020, discussing their short thesis for Tesla Inc (NASDAQ:TSLA) and other positions in several small-cap stocks. For June 2020 the fund was down 3.9% net of all fees and expenses. By way of comparison, the S&P 500 was up 2.0% while the Russell 2000 was up […]
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Jul 04, 2020
It looks like OGE Energy Corp. (NYSE:OGE) is about to go ex-dividend in the next four days. This means that investors...
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Jul 04, 2020
(Bloomberg) -- Remember last earnings season? When companies were reporting their worst quarter since the financial crisis. And nobody dared guess what the future held. Bankruptcy risk was everywhere. Oh, and stocks rallied so hard that $5 trillion got added to share prices.It's safe to say investors were in a forgiving mood back then. With stocks up 25% since, the time for patience has passed.True, companies had had time to devise plans for a world reordered by the coronavirus. But stocks are also coming off their best quarter in 22 years, with valuations by some measures the most expensive in two decades. Add to that: earnings estimates proffered by analysts are even more speculative this time around, after 80% of companies refused to provide guidance over the last three months."Investors are going to start demanding a little bit more clarity -- whether it's good or bad, they just want to know," said David Lebovitz, a global market strategist at JPMorgan Asset Management. "If nothing else, managements have a bit more of a play-book for thinking about dealing with the virus than with the case back in March."Banks are set to kick off the second-quarter reporting season in less than two weeks. At first glance, the 44% profit contraction expected for S&P 500 companies -- the worst since 2008 -- seems at odds with with the explosive rally that's restored most of what was lost in the March meltdown. Yet Wall Street pros will know the stock market long ago discounted all that. It's not recent histor
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Jul 04, 2020
Democratic Republic of Congo resident Kalinda Salumu is living his dream of selling chocolate. Francis Maguire reports.
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Jul 04, 2020
Royal Dutch Shell is not ruling out moving its headquarters from the Netherlands to Britain, the oil company's chief executive Ben van Beurden said in a Dutch newspaper interview published on Saturday. Anglo-Dutch consumer products giant Unilever said last month it plans to ditch its dual Anglo-Dutch legal structure and create a single entity in Britain. Van Beurden did not explicitly say Shell wants to move its headquarters, het Financieele Dagblad said.
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Jul 04, 2020
AbbVie (NYSE:ABBV) stock is both cheap and has a very attractive dividend yield. In addition, this pharmaceutical company's growth prospects are high, now that its purchase of Allergan is closed.Source: Piotr Swat / Shutterstock.com For example, the stock trades on a forward earnings ratio of just 9.2 times 2020 expected earnings. It is even lower with 2021 earnings prospects.In addition, the $4.72 per share annual dividend is very attractive to most investors for several reasons. For one, the dividend yield for ABBV stock is much higher than the average stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecondly, the dividend is likely to keep on growing at a nice pace. For example, on June 17 AbbVie declared a $1.18 quarterly dividend for the third time. After the fourth quarterly dividend at this rate, I suspect the company will raise the dividend in Q4. According to Seeking Alpha, AbbVie has had a 20.86% dividend growth rate annually on a compounded basis. * 7 Utilities Stocks to Buy With Reassuring DividendsLastly, the dividend is still well covered by the company's earnings. For example, Seeking Alpha's poll of 15 analysts' estimates of 2020 is $10.46 per share. But the dividend rate right now is $4.72. So the dividend is more than 100% covered by earnings. Why Is AbbVie Stock So Cheap?AbbVie's main revenue driver, up until its recent acquisition of Allergan, was Humira, a rheumatoid arthritis drug. It also acts as an anti-inflammatory drug for other conditions including Crohn's disease, psoriasis, ulcerative
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Jul 04, 2020
British American Tobacco p.l.c. (LON:BATS) stock is about to trade ex-dividend in four days. This means that investors...
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Jul 04, 2020
Some investors believe that the Fed and other central banks have been the principal drivers financial markets over the past 3 months and that it will likely to continue. UBS Americas CIO in Global Wealth Management Solita Marcelli joins The Final Round panel to break down what she thinks will lead to a faster recovery.
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Jul 04, 2020
Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s but fell behind modern twin-engine aircraft, industry sources said on Friday. Boeing's "Queen of the Skies", the world's most easily recognized jetliner with its humped fuselage and four engines, marked its 50-year flying anniversary in February 2019, clinging to life thanks to a cargo market boom fueled by online shopping. The last order for a passenger version came in 2017, when the U.S. government asked Boeing to repurpose two 747-8 jetliners for use as Air Force One by the U.S. president.
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Jul 03, 2020
Lucky Brand, which has about 200 stores in North America and sells its products in department stores, filed for Chapter 11 on Friday.
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Jul 03, 2020
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 […]
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Jul 03, 2020
Robert Hockett, Edward Cornell Professor of Law at Cornell Law School, highlights the significance of Reconstruction for the U.S. and why 2020 is the right time to re-introduce it.
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Jul 03, 2020
(Bloomberg) -- It's the beginning of the end for the era of mega-dam building in China.China Three Gorges Corp. on Monday turned on the first set of generators at the massive Wudongde hydropower plant, deep in the mountains of Yunnan province. About 170 kilometers (106 miles) downstream on the Jinsha River sits Baihetan, the last of its kind, scheduled to go into operation next year.At full run, the two sites will produce more electricity than every power plant in The Philippines combined. They're the final two mega-dams in a Chinese construction boom that goes back more than half a century, one that became increasingly mired in controversy over the trade-off between the benefits of the renewable energy and flood prevention and the social and environmental costs.Now, China's hydro industry is down-shifting toward smaller projects and pumped storage. Engineers have run out of the easiest locations to power massive sets of turbines and the falling cost of rival energy sources such as solar mean it isn't worth moving on to more challenging locations."It's so cheap developing renewables and coal-fired power, why bother injecting huge sums of money to develop hydro 2,000 kilometers deep in the Tibetan plateau," said Frank Yu, an analyst with Wood Mackenzie Ltd. "The future of hydro is going to be pumped storage and is also going to be smaller and smaller."China's dam-building era began in the 1950s, soon after the Communist Party gained power, but it reached a crescendo in the past two decades. After Baihetan
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Jul 03, 2020
Adrianne Shropshire, BlackPAC Executive Director, discusses the structural inequality in U.S. politics and the impact of this on equity in the Black community.
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Jul 03, 2020
(Bloomberg) -- U.S. futures and European stocks dropped on Friday as investors mulled a reported conflict among policy makers over a stimulus package for the single-currency region, as well as political upheaval in France.The Stoxx 600 Index fell after Bloomberg News reported the European Central Bank is facing a potential rift over how much their emergency bond-purchase program should stay weighted toward weaker countries such as Italy. The euro fluctuated following French President Emmanuel Macron's decision to name a new prime minister after asking his government to resign. Rolls-Royce Holdings Plc slumped after the British jet-engine maker said it's exploring options to raise funds to strengthen its balance sheet.The dollar was slightly down, posting its first weekly drop in a month, while American cash equity and bond markets were shut for Independence Day. President Donald Trump will attend an early July 4 celebration at Mount Rushmore with thousands of guests who won't be required to wear masks, while his U.K. counterpart Boris Johnson urged Britons to act responsibly as pubs prepare to re-open and the government lifts quarantine rules on travel for 60 countries.The friction at the ECB highlights the risk to markets should promised stimulus measures fall short. Investors continue to weigh policy support and upbeat economic data against relentless new outbreaks of the virus. U.S. payrolls figures Thursday fueled optimism of a V-shaped recovery in the world's biggest economy, even as Florida report
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Jul 03, 2020
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
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Jul 03, 2020
Luke Lloyd, a wealth advisor at Strategic Wealth Partners, joins Yahoo Finance to highlight how some Americans are using the COVID-19 pandemic as an opportunity to reset retirement goals.
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Jul 03, 2020
A look at the shareholders of Axsome Therapeutics, Inc. (NASDAQ:AXSM) can tell us which group is most powerful...
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Jul 03, 2020
On CNBC's "Mad Money Lightning Round," Jim Cramer said that Vroom Inc (NASDAQ: VRM) is a great company and the auto industry is coming back. He likes the stock and he thinks that used cars are very, very hot.Cramer doesn't like Archer-Daniels-Midland Co (NYSE: ADM). The stock has really done absolutely nothing.If it's a financial technology digitized bank, it's going to go up, said Cramer. Green Dot Corporation (NYSE: GDOT) belongs to the group, but Cramer prefers Paypal Holdings Inc (NASDAQ: PYPL) and Square Inc (NYSE: SQ).Cramer is not recommending the oil stocks, so he is not a buyer of WPX Energy Inc (NYSE: WPX).ANGI Homeservices Inc (NASDAQ: ANGI) is a great stock and Cramer would stay on it.Cramer prefers American Tower Corp (NYSE: AMT) over Crown Castle International Corp (NYSE: CCI).When it comes to Starwood Property Trust, Inc. (NYSE: STWD), Cramer finds it to be a sub-optimal situation.Everybody hates Starbucks Corporation (NASDAQ: SBUX) now, but wait until you see what the CEO, Kevin Johnson, has got in mind, said Cramer. He thinks that it will be on every corner and he likes the stock.See more from Benzinga * Cramer Gives His Opinion On American Tower, Virgin Galactic And More * Fast Money Picks For June 1(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Jul 03, 2020
I've been recommending Square (NYSE:SQ) for this entire year. Admittedly, at first that call looked a bit shaky. The novel coronavirus pandemic sent stocks plunging -- and Square stock wasn't immune.Source: IgorGolovniov / Shutterstock.com The company's exposure to small businesses suggested significant risk if the broader economy went into a tailspin. At the lows, Square stock incredibly traded near $30.Of course, the market has rallied since then. Fears of a recession and record-high unemployment are moderating. Another record jobs report no doubt helps.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSquare stock has been one of the biggest winners in the bounce since March. It has now gained over 250% from its lows. And with the parabolic gains of late, I can see why some investors might be looking to take money off the table.I'm not one of those investors. To me, the story behind Square is just getting started. And the fact that Wall Street, which is often late to these kind of growth stories, is coming around is one more piece of evidence to support that conclusion. Wall Street Gets Behind Square StockOn the whole, analysts aren't bullish on Square. In fact, they're bearish. The average price target for the stock is just $80.But that's starting to change. Just in the last week, two analysts have upgraded Square stock and raised their price targets.KeyBanc led on June 29. Analyst Josh Beck moved his target to $125, the highest on the Street. Two days later, Rosenblatt's Kenneth Hill followed. He
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Jul 03, 2020
The big shareholder groups in Alphatec Holdings, Inc. (NASDAQ:ATEC) have power over the company. Large companies...
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Jul 03, 2020
Every investor in Exelon Corporation (NASDAQ:EXC) should be aware of the most powerful shareholder groups. Large...
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