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Goldman Sachs made a portfolio of the most loved stocks by both hedge funds and mutual funds, and it is crushing the market and the bank’s own secret portfolios. Two of Goldman’s baskets created exclusively for its clients — one tracking hedge funds top holdings and one with large-cap mutual …
Read More »Monthly Archives: March 2019
Apple hiring more software jobs than hardware jobs
Shannon Stapleton | Reuters Apple CEO Tim Cook speaks during an Apple launch event in the Brooklyn borough of New York, U.S., October 30, 2018. As Apple puts a new focus on its services business, the company is looking to fill more software jobs than hardware jobs for the first …
Read More »Amazon stock looks cheap if investors look at profit growth
As a growing percentage of Amazon’s business comes from third-party sellers and subscriptions like Prime, investors should prioritize gross profit over year-over-year revenue growth, according to Evercore ISI. Analyst Anthony DiClemente’s said his new, “more nuanced” gross profit model and expectations for significant profit growth buoy his 12-month price target …
Read More »Qualcomm launches patent challenge to Apple ahead of antitrust case
George Rose | Getty Images People crowd into the Qualcomm booth to view a series of new products during the annual Consumer Electronics Show on Jan. 4, 2017 in Las Vegas. Qualcomm Inc on Monday kicks off a patent challenge to Apple Inc, capping off a two-year legal strategy to …
Read More »Roger Stone suggests Robert Mueller framed him despite gag order
Joe Raedle | Getty Images News | Getty Images Roger Stone, a former advisor to President Donald Trump, exits the Federal Courthouse on January 25, 2019 in Fort Lauderdale, Florida. Mr. Stone was charged by special counsel Robert Mueller of obstruction, giving false statements and witness tampering. (Photo by Joe …
Read More »Biogen to buy Nightstar Therapeutics in a $800 million cash deal
Suzanne Kreiter | The Boston Globe | Getty Images Employees at Biogen in Cambridge, Mass. Biogen said on Monday it will buy Nightstar Therapeutics for about $800 million in cash as the company looks to tap into a potentially lucrative gene therapy market. Biogen’s offer of $25.50 per share, represents …
Read More »Huawei reportedly preparing to sue US government
Alvin Chan, SOPA Images | LightRocket | Getty Images The logo of Huawei is seen on a smartphone. China’s Huawei is preparing to file a lawsuit in the Eastern District of Texas to sue the United States government for banning federal agencies from using the company’s products, the New York …
Read More »Treasury yields lower amid US-China trade progress
Rao Aimin | Xinhua News Agency | Getty Images Chinese President Xi Jinping welcomes U.S. President Donald Trump outside the east gate of the Great Hall of the People in Beijing, China on Nov. 9, 2017. Investor focus was mostly attuned to global trade developments Monday, after a Wall Street …
Read More »Huawei CFO is suing Canada over December arrest
Alexander Bibik | Reuters Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. The lawyers for Huawei Chief Financial Officer Meng Wanzhou are suing the Canadian government, its border agency and …
Read More »Huawei CFO suing Canada over December arrest
Alexander Bibik | Reuters Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. The lawyers for Huawei Chief Financial Officer Meng Wanzhou are suing the Canadian government, its border agency and …
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