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Tesla whale calls for $15 billion stock buyback after share price craters
Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. James Glover II | Reuters Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company’s share price continues […]
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Strategist says U.S. stocks are undervalued right now — and names his top picks to buy the dip
Morningstar’ s David Sekera thinks the market sell-off is looking overdone — and reveals the tech stocks he thinks are attractive right now, as well as his picks to ride the return of consumer spending. After years of beating the market, tech stocks have been slammed this year as expectations of aggressive tightening by the […]
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Jeremy Grantham says today’s bubble is worse than 2000, calling stocks to at least double the losses
Jeremy Grantham, a famed investor with a track record of identifying market bubbles, said the downturn today is worse than the tech bubble of 2000, calling stocks to at least double their losses. “The other day, we were down about 19.9% on the S & P 500 and about 27% on the Nasdaq. I would […]
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Here are some hedge funds that foresaw the tech fallout. And some that didn’t
This year’s tech-driven carnage in the stock market is carving out hedge fund winners from losers — showing up in diverging fortunes that haven’t been seen in years. Hedge funds that rode the tech wave up are getting crushed on the way down, especially those that doubled down on 2022’s biggest laggards in the first […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, […]
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JPMorgan upgrades China’s tech sector, says it’s time to buy these stocks
This photo from September 25, 2020 shows Jack Ma, founder of Alibaba Group, attending the opening ceremony of the 3rd All-China Young Entrepreneurs Summit in Fuzhou, Fujian Province of China. Alibaba is among the Chinese technology stocks recently upgraded by JPMorgan analysts. Lyu Ming | China News Service via Getty Images JPMorgan has upgraded Chinese […]
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Here are the top holdings of Chase Coleman’s struggling hedge fund Tiger Global
Chase Coleman is having a rough year. His hedge fund, Tiger Global, added to a number of tech holdings, including Snowflake , Carvana and Sea , in the first quarter before the sell-off got even uglier, according to a regulatory filing. Coleman’s growth-focused flagship fund at Tiger Global tumbled 15% in April, pushing its 2022 […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to open slightly lower after 7 straight weeks of selling Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | Reuters U.S. […]
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How to buy stocks on the brink of a bear market
It seemed like everyone was in a buying mood on Friday, except Elon Musk. The Dow Jones Industrial Average broke a six-day losing streak, the Nasdaq Composite turned in its second positive session in a row, and the S&P 500 was up over 2%, a small step back from the brink of a bear market, […]
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Investors could get a reprieve from vicious stock sell-off in week ahead
Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses after Friday’s rally. Buyers on Friday hunted for bargains among small caps, biotechnology names, the […]
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