Stock markets

Warren Buffett’s Berkshire made a  billion bet on Citigroup. Here are his other picks
World

Warren Buffett’s Berkshire made a $3 billion bet on Citigroup. Here are his other picks

Warren Buffett’s Berkshire Hathaway made a few changes to its equity portfolio in the first quarter, including adding a big stake in Citigroup , according to a regulatory filing. The conglomerate bought more than 55 million shares of Citigroup to build a stake worth $2.95 billion as of the end of March, the filing showed. […]

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Stock futures are flat after S&P, Nasdaq start the week in the red
Finance

Stock futures are flat after S&P, Nasdaq start the week in the red

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. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower. Futures contracts tied to […]

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Stocks making the biggest moves after hours: United Airlines, Take-Two Interactive & more
Business

Stocks making the biggest moves after hours: United Airlines, Take-Two Interactive & more

A United Airlines passenger plane is loaded at the capital’s BER airport before its first flight from BER to New York’s Newark Airport. On flights to the U.S. East Coast, Berliners and Brandenburgers no longer necessarily have to change planes. From Monday, United Airlines will connect Schönefeld directly with New York’s Newark Airport on a […]

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Stocks making the biggest moves midday: Spirit Airlines, Eli Lilly, Signature Bank and more
Finance

Stocks making the biggest moves midday: Spirit Airlines, Eli Lilly, Signature Bank and more

Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading Monday. Spirit, JetBlue — Shares of JetBlue Airways dipped 6% on news that the company’s offering $30 a share to take over […]

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Morgan Stanley says beware bear market rallies, S&P 500 headed to 3,400
World

Morgan Stanley says beware bear market rallies, S&P 500 headed to 3,400

Stocks are trying to dig their way out of last week’s steep losses, but Morgan Stanley is warning that these relief rallies are fleeting and more declines will follow. “With valuations now more attractive, equity markets so oversold and rates potentially stabilizing below 3%, stocks appear to have begun another material bear market rally,” Michael […]

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Here are the top holdings of Chase Coleman’s struggling hedge fund Tiger Global
World

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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Michael Burry of ‘The Big Short’ reveals a bet against Apple
World

Michael Burry of ‘The Big Short’ reveals a bet against Apple

“The Big Short” investor Michael Burry had a bet against tech giant Apple in the first quarter, a regulatory filing showed. Burry, one of the first investors to call and profit from the subprime mortgage crisis, owned 2,060 put contracts of Apple at the end of the first quarter, according to the filing. Each options […]

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Bank of America says it’s time to buy this electric vehicle stock as sales improve
Business

Bank of America says it’s time to buy this electric vehicle stock as sales improve

It’s time to bet again on shares of electric vehicle maker Nio , according to Bank of America. Analyst Ming Hsun Lee upgraded Nio to buy from neutral, citing better sales, improved margins during the second half of the year and an attractive valuation. “We like NIO for its (1) advantages in the premium smart […]

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DraftKings shares can more than double from here, Jefferies says
Business

DraftKings shares can more than double from here, Jefferies says

Shares of DraftKings are due for a comeback, especially as sports betting eyes legalization in California and beyond, Jefferies says. Analyst David Katz resumed coverage of the stock with a buy rating, citing shifting attitudes toward sports betting in North America. “While we recognize the marketing intensity exceeded our initial expectations, we maintain DKNG is […]

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UBS upgrades this regional bank, saying it’s trading at a heavy discount if there’s no recession
Finance

UBS upgrades this regional bank, saying it’s trading at a heavy discount if there’s no recession

Investors looking for a cheap stock during this pullback should consider placing their bets on Citizens Financial Group , UBS says. “CFG, where market multiples at 1.2x 1Q22 TBV, 1.0x YE22 TBV, and 7.0x ’23E EPS imply that the stock is the closest to pricing in a recession in our regional universe,” analyst Erika Najarian […]

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