Breaking News: Investing
What happens next for Bed Bath & Beyond depends on this week’s strategic update, Morgan Stanley says
What happens next for Bed Bath & Beyond may hinge on the struggling retailer’s strategic business update this week, according to Morgan Stanley. Bed Bath & Beyond is expected to share details on its turnaround strategy on Wednesday. The call could outline a path forward for the retailer as it tries to win back investors […]
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Piper Sandler names Illumina a top pick, says genetics company can surge more than 50%
Shares of Illumina can surge more than 50% from here on the back of new product launches, according to Piper Sandler. Analyst David Westenberg named biotech company Illumina a top pick and reiterated his overweight rating on the stock, citing new sequencing products that could drive growth at the company. “We hosted Illumina on our […]
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Signs point to strong earnings growth ahead for these undervalued midcap stocks
As investors continue to ride out market volatility, some participants are increasingly turning to a growth at a reasonable price strategy — GARP — which offers investors the best of value and growth investing styles. At the same time, the S & P Mid Cap 400 index is down just 9.9% this year, outperforming the […]
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Warren Buffett receives permission to acquire up to 50 % of Occidental Petroleum, boosting the shares
Warren Buffett at press convention during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway on Friday obtained regulatory approval to acquire up to 50% of oil huge Occidental Petroleum. Shares of Occidental jumped 10% on the news to higher than $70 apiece, pushing their 2022 gains to far more than […]
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This $3.8 billion hedge fund is shaking up the industry with its pay-for-performance model
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half […]
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Hedge funds are sitting on a record level of bearish bets on the stock market
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Hedge funds are getting increasingly skeptical about this big rally that broke out in the middle of a bear market. Net short positions against the S&P 500 futures by hedge funds have reached a record $107 […]
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Bed Bath & Beyond soars as much as 70% as meme traders talk up Ryan Cohen’s call options purchase
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond shares soared Tuesday as retail traders active on social media piled into the stock, encouraged by news that GameStop Chairman Ryan Cohen placed another bet on the struggling […]
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Citi downgrades Zoom to sell as growing Teams competition could push the stock down 20%
Growing competition from Microsoft Teams, coupled with a tough macroenvironment, could lead to even more pain for Zoom Video shareholders, according to Citi. Analyst Tyler Radke downgraded Zoom to sell/high risk from neutral/high risk. He also trimmed his price target ahead of its earnings report next week . “Zoom’s post-COVID growth trajectory has always been […]
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Gas prices are falling — Here’s why it’s happening and whether it can continue
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it’s too early to know if the move lower will hold. The national average for […]
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Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit
Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was […]
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