- Zacks•2 hours ago
Major banking stocks continued their rally over the last five trading days. After Donald Trump's victory, nomination of Steve Mnuchin as Treasury secretary seems to be a driving factor for banking stocks, as he recommended turning over certain Dodd-Frank financial rules.
ValueAct Capital's $1.1 billion bet on Morgan Stanley is up roughly 60%, or $650 million, in a matter of months as stock-pickers rush back into the banking sector in the wake of the election.
- Insider Monkey•4 days ago
Hedge fund managers like David Einhorn, Dan Loeb, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
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