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Blackstone’s Byron Wien says S&P 500 on track for year-end rally to 3,000 despite stock-market wreckage

Mark DeCambre
Blackstone’s Byron Wien says S&P 500 on track for year-end rally to 3,000 despite stock-market wreckage

Blackstone’s Byron Wien remains bullish on stocks, arguing that the S&P 500 remains on track to hit 3,000 by the end of the year.

  • Hedge Funds Are Selling Telephone & Data Systems, Inc. (TDS)
    Business
    Insider Monkey

    Hedge Funds Are Selling Telephone & Data Systems, Inc. (TDS)

    Telephone & Data Systems, Inc. NYSE:TDS) has seen a decrease in hedge fund interest in recent months. Our calculations also showed that TDS isn't among the 30 most popular stocks among hedge funds.

  • 3 Top Gold Stocks to Watch in December
    Business
    Motley Fool

    3 Top Gold Stocks to Watch in December

    Three worth putting on their watchlist this month are Barrick Gold (NYSE: ABX), Wheaton Precious Metals (NYSE: WPM), and VanEck Vectors Junior Gold Miners ETF (NYSEMKT: GDXJ). Keeping an eye on the new gold standard Matt DiLallo (Barrick Gold): In September, Barrick Gold reached an agreement to merge with Randgold Resources (NASDAQ: GOLD) and create an industry-leading gold company. The new Barrick Gold will own five of the 10 lowest-cost gold mines in the world along with two that have the potential to join them in that top tier.

  • Implied Volatility Surging for Adamis Pharmaceuticals (ADMP) Stock Options
    Business
    Zacks

    Implied Volatility Surging for Adamis Pharmaceuticals (ADMP) Stock Options

    Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

  • Business
    Zacks

    Why You Should Add PGT innovations (PGTI) to Your Portfolio

    PGT Innovations, Inc. PGTI is poised to benefit from solid repair and remodeling sector contribution, acquisition of Western Window Systems and enhanced cost management. However, its shares have suffered owing to trade tensions, similar to other construction stocks.

  • Rite Aid Stock Breaks the Buck at the Worst Time
    Business
    Motley Fool

    Rite Aid Stock Breaks the Buck at the Worst Time

    It reports fresh financial results on Wednesday, and the market's uninspiring treatment of Rite Aid stock in recent months -- the shares have shed nearly half of their value since the Albertsons deal fell apart this summer -- suggests that the third-quarter report will be a stinker. Fumbling the prescription refill Analysts aren't holding out for much in Wednesday afternoon's report. Wall Street's bracing for a small quarterly deficit.

  • Oil’s Fall: Bulls Should Be Careful
    Business
    Market Realist

    Oil’s Fall: Bulls Should Be Careful

    The rise in Russia’s oil production might be a negative development for oil prices. Going into 2019, if Russia reduces its oil output by 228 thousand barrels per day as promised from the level in October, according to the production cut deal, then it might impact the oil supply. In October, Russia’s oil output was at 11.41 MMbpd.

  • Are Investors Undervaluing Delta Air Lines (DAL) Right Now?
    Business
    Zacks

    Are Investors Undervaluing Delta Air Lines (DAL) Right Now?

    Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

  • Johnson & Johnson should respond boldly to asbestos repor...
    Business
    CNBC Videos

    Johnson & Johnson should respond boldly to asbestos repor...

    Dean Crutchfield, founder of crisis management firm Crutchfield and Partners, joins 'Squawk Box' to talk about Johnson & Johnson's options in handling the fallout following a Reuters report that the company knew of cancer-causing asbestos in their baby...

  • Why No Hike by the Fed in December Could Spook Markets
    Business
    Market Realist

    Why No Hike by the Fed in December Could Spook Markets

    What Will the Fed’s December Meeting Mean for Markets? Continued from Prior Part) A rate hike in December While the markets want the Fed to go slow on interest rate (TLT) hikes, they are highly expecting a rate hike at the December meeting. The consensus is for the Fed to raise rates by 25 basis points to 2.25%–2.50%.

  • Business
    Barrons.com

    GE Sells Last of Its NeoGenomics Stock for $130 Million

    GE) (ticker: GE) has sold the last of its stock in genetics-testing firm (NEO) (NEO). The conglomerate’s GE Medical Systems Information Technologies sold 10.8 million NeoGenomics shares for $130 million, a price of $12 each, according to a document the company filed with the Securities and Exchange Commission. GE sold the shares to underwriters, who then sold the stock via a secondary offering that closed Friday.

  • Is Kforce Inc. (KFRC) Going to Burn These Hedge Funds?
    Business
    Insider Monkey

    Is Kforce Inc. (KFRC) Going to Burn These Hedge Funds?

    Our calculations also showed that kfrc isn't among the 30 most popular stocks among hedge funds. Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016.

  • Hedge Funds Are Betting On Cadence Bancorporation (CADE)
    Business
    Insider Monkey

    Hedge Funds Are Betting On Cadence Bancorporation (CADE)

    In this article we will check out hedge fund activity in another small-cap stock: Cadence Bancorporation (NYSE:CADE). Cadence Bancorporation (NYSE:CADE) investors should pay attention to an increase in support from the world's most elite money managers in recent months. Our calculations also showed that CADE isn't among the 30 most popular stocks among hedge funds.

  • Is Perficient, Inc. (PRFT) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Perficient, Inc. (PRFT) A Good Stock To Buy?

    NASDAQ:PRFT) investors should pay attention to an increase in hedge fund sentiment in recent months. Our calculations also showed that prft isn't among the 30 most popular stocks among hedge funds. Why do we pay any attention at all to hedge fund sentiment?

  • Canadian Cannabis Companies Set Sights on US Hemp Market
    Business
    Market Realist

    Canadian Cannabis Companies Set Sights on US Hemp Market

    The latest developments in the US, particularly the ones surrounding the Farm Bill, have been encouraging to the cannabis industry in the US. One of the most important changes that cannabis companies have been waiting for is legislation on hemp farming. On December 12, the Senate passed the Farm Bill, which will have a term of five years. The bill makes hemp a legal agricultural commodity, which would allow cannabis companies a legal foray into the US cannabis market. Canadian cannabis companies (HMMJ) have known this all along and have been laying the groundwork well before the hemp farming legalization in the US.

  • Jennifer Lawrence speaks out against new lawsuit claiming she had affair with Harvey Weinstein
    News
    Yahoo Entertainment

    Jennifer Lawrence speaks out against new lawsuit claiming she had affair with Harvey Weinstein

    A new lawsuit filed against Harvey Weinstein alleges that the disgraced Hollywood producer bragged about having an affair with Jennifer Lawrence — and the actress isn’t having it.

  • Is Corelogic Inc (CLGX) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Corelogic Inc (CLGX) A Good Stock To Buy?

    We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017.

  • Advanced Energy Industries, Inc. (AEIS): Hedge Fund Sentiment Unchanged
    Business
    Insider Monkey

    Advanced Energy Industries, Inc. (AEIS): Hedge Fund Sentiment Unchanged

    At the end of this article we will also compare AEIS to other stocks including Evoqua Water Technologies Corp. (NYSE:AQUA), Independent Bank Group Inc (NASDAQ:IBTX), and Inter Parfums, Inc. (NASDAQ:IPAR) to get a better sense of its popularity. Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Interestingly the margin of underperformance of these stocks has been increasing in recent years.

  • Should You Avoid Anheuser-Busch InBev SA/NV (BUD)?
    Business
    Insider Monkey

    Should You Avoid Anheuser-Busch InBev SA/NV (BUD)?

    We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017.

  • Business
    Zacks

    Colfax (CFX) Gains From Buyouts, High Costs Remain a Drag

    Colfax Corporation Price and Consensus Colfax Corporation Price and Consensus | Colfax Corporation Quote Further, Colfax has an Earnings ESP of +0.32% for 2018 and +0.82% for 2019. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Our proven model provides some idea about the stocks that are about to release results.

  • Better IoT Buy: Arista Networks vs. Sierra Wireless
    Business
    Motley Fool

    Better IoT Buy: Arista Networks vs. Sierra Wireless

    Arista Networks (NYSE: ANET) and Sierra Wireless (NASDAQ: SWIR) both offer investors unique ways to profit from the growth of the Internet of Things (IoT), which connects various devices to one another and the internet. The global IoT market could grow from $235 billion in 2017 to $520 billion in 2021, according to Bain & Company, fueled by improving internet connections worldwide. Arista sells networking switches that are optimized for software-defined networking (SDN) solutions in the cloud, where its open-source EOS platform does the heavy lifting.

  • Is City Office REIT Inc (CIO) A Good Stock To Buy?
    Business
    Insider Monkey

    Is City Office REIT Inc (CIO) A Good Stock To Buy?

    There were 7 hedge funds in our database with CIO positions at the end of the previous quarter. Our calculations also showed that CIO isn't among the 30 most popular stocks among hedge funds. In the financial world there are a large number of tools investors have at their disposal to grade stocks.

  • Business
    Barrons.com

    Hedge Funds Are Bailing on Northrop Stock. It’s a Chance to Buy.

    For instance, hedge funds have been reducing their exposure to defense firms since market volatility picked up this fall. In particular, Jefferies noted in a recent report that hedge funds, in aggregate, dumped Northrop (ticker: NOC) stock in the third quarter. Why did hedge funds prefer Northrop in the first place?

  • Vanda Pharmaceuticals Inc. (VNDA): Hedge Fund Sentiment Unchanged
    Business
    Insider Monkey

    Vanda Pharmaceuticals Inc. (VNDA): Hedge Fund Sentiment Unchanged

    It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 7% during October and average hedge fund losing about 3%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by about 4 percentage points during the first half of Q4, as investors fled less-known quantities for safe havens. This was the case with hedge funds, who we heard were pulling money from the market amid the volatility, which included money from small-cap stocks, which they invest in at a higher rate than other investors.

  • Do Hedge Funds Love Kirkland Lake Gold Ltd. (KL)?
    Business
    Insider Monkey

    Do Hedge Funds Love Kirkland Lake Gold Ltd. (KL)?

    Our research has shown that hedge funds' small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the market by 18 percentage points since May 2014 through December 3, 2018 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017.

  • Micron Stock: Technical Indicators Show More Declines
    Business
    Market Realist

    Micron Stock: Technical Indicators Show More Declines

    Micron Stock: Technical Indicators Show More Declines Micron’s technical indicators Micron Technology (MU) stock has been in a downtrend since September due to fears about a cyclical downturn. However, some long-term investors are bullish on Micron. They expect secular demand from artificial intelligence and Internet-of-Things to stabilize the memory market.