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Dow rallies triple digits, gaining back more than half of recent losses

Yahoo Finance's Seana Smith, Andy Serwer, Dan Roberts and Dan Howley on Cisco, Travelers and 3M pushing the Dow firmly into positive territory to start the week.

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of AGM earnings conference call or presentation 8-Nov-18 4:00pm GMT

    As Brad summarized earlier, the increase in outstanding business line was driven by net growth of $53.1 million in the USDA Guarantees line of business, $47.3 million in net new institutional credit business from financial fund counterparties and net growth of $41.7 million in Farm & Ranch loan purchases. Farmer Mac refinanced all of its AgVantage securities maturing during the third quarter 2018, which included an early refinance of a $50 million AgVantage security that matured in third quarter 2018, but which was refinanced during the second quarter.

  • Hedge Funds Aren’t Crazy About Cannae Holdings, Inc. (CNNE) Anymore
    Business
    Insider Monkey

    Hedge Funds Aren’t Crazy About Cannae Holdings, Inc. (CNNE) Anymore

    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.

  • After China’s Correction, a Downgrade Flurry Hits Steel Stocks
    Business
    Market Realist

    After China’s Correction, a Downgrade Flurry Hits Steel Stocks

    After China's Correction, a Downgrade Flurry Hits Steel Stocks Downgrade US steel stocks are having a dismal year dear despite trade protections from President Donald Trump. Steel companies’ price action looks to be even more frustrating when we consider the record earnings Nucor (NUE) and Steel Dynamics posted in the second and third quarters. However, barring Cleveland-Cliffs (CLF), other leading US steel and iron ore names are trading with year-to-date losses, underperforming the broader equity markets (SPY).

  • Business
    Zacks

    Lennar vs. D.R. Horton: Which Makes a Better Housing Pick?

    Undeniably, the U.S. housing market is being hammered now and then, thanks to various ongoing industry headwinds. Sales, permits, starts and existing home sales have all witnessed a decelerating growth rate. The increases in new and existing home sales prices through 2018, together with interest rate hikes have resulted in a halt in housing market recovery.

  • Business
    Reuters

    Teva Pharm to move headquarters to Tel Aviv

    Israel-based Teva Pharmaceutical Industries said on Thursday it was moving its headquarters to Tel Aviv as part of a global restructuring. Teva, the world's largest generic drugmaker, said its new base will replace a number of sites located in the area of Petah Tikva, a city just outside of Tel Aviv -- Israel's commercial capital. Teva has been restructuring itself over the past year to deal with its massive debt, including lay-offs, site closings and the combining of divisions.

  • Business
    Zacks

    Analysts Estimate Bed Bath & Beyond (BBBY) to Report a Decline in Earnings: What to Look Out for

    Bed Bath & Beyond (BBBY) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended November 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 19.

  • See what the IHS Markit Score report has to say about American Tower Corp.
    Business
    Markit

    See what the IHS Markit Score report has to say about American Tower Corp.

    NYSE:AMT Score: Positive (67) 1 day at current score. Upgraded from Neutral on December 13th 2018 Summary This company ranked positively in 3 out of 4 IHS Markit Categories and also compared to the Financials sector Perception of the company's creditworthiness is positive ETFs holding this stock are seeing positive inflows Bearish sentiment is low Economic output for the sector is expanding but at a slower rate Short interest | Positive Short interest is low for AMT with fewer than 5% of shares on loan.

  • ‘It’s time to de-fang FANG’
    Business
    Yahoo Finance Video

    ‘It’s time to de-fang FANG’

    The best days for tech stocks may be behind them, says BNY Mellon Chief Strategist Alicia Levine, who also says it’s time to stop thinking of the tech as one sector. She spoke with Yahoo Finance’s Alexis Christoforous.

  • Hedge Funds Are Betting On L-3 Technologies, Inc. (LLL)
    Business
    Insider Monkey

    Hedge Funds Are Betting On L-3 Technologies, Inc. (LLL)

    Hedge funds run by legendary names like Nelson Peltz and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the big brokerage houses don’t follow. L-3 Technologies, Inc. (NYSE:LLL) has seen an increase in hedge fund sentiment recently. LLL was in 26 hedge funds' portfolios at the end of September.

  • Best Buy (BBY) Dips More Than Broader Markets: What You Should Know
    Business
    Zacks

    Best Buy (BBY) Dips More Than Broader Markets: What You Should Know

    Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.72 billion, down 4.17% from the year-ago period. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves.

  • Do Hedge Funds Love QuinStreet Inc (QNST)?
    Business
    Insider Monkey

    Do Hedge Funds Love QuinStreet Inc (QNST)?

    On the other hand, the top 25 most popular S&P 500 stocks among hedge funds had an average loss of 8.8%. In this article, we will take a look at what hedge funds think about QuinStreet Inc (NASDAQ:QNST). Is QuinStreet Inc (NASDAQ:QNST) a buy right now?

  • Markets need to end higher for investors to ‘feel comfortable buying’: BNY Mellon Chief Strategist
    Business
    Yahoo Finance Video

    Markets need to end higher for investors to ‘feel comfortable buying’: BNY Mellon Chief Strategist

    Investors need to see Wall Street “finish the day on the highs it starts at” so they feel more comfortable buying, says Alicia Levine, the Chief Strategist at BNY Mellon Investment Management. She spoke with Yahoo Finance’s Alexis Christoforous.

  • Roku (ROKU) Stock Sinks As Market Gains: What You Should Know
    Business
    Zacks

    Roku (ROKU) Stock Sinks As Market Gains: What You Should Know

    Roku (ROKU) closed the most recent trading day at $35.17, moving -1.79% from the previous trading session. Investors will be hoping for strength from ROKU as it approaches its next earnings release, which is expected to be February 20, 2019. In that report, analysts expect ROKU to post earnings of $0.01 per share.

  • Is The Children’s Place Inc. (PLCE) Going to Burn These Hedge Funds?
    Business
    Insider Monkey

    Is The Children’s Place Inc. (PLCE) Going to Burn These Hedge Funds?

    Let's look at how this market volatility affected the sentiment of hedge funds towards The Children's Place Inc. (NASDAQ:PLCE), and what that likely means for the prospects of the company and its stock. With hedge funds' positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were adding to their holdings substantially (or already accumulated large positions).

  • TKR vs. TRS: Which Stock Should Value Investors Buy Now?
    Business
    Zacks

    TKR vs. TRS: Which Stock Should Value Investors Buy Now?

    We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. Timken and TriMas are both sporting a Zacks Rank of # 2 (Buy) right now.

  • Business
    Zacks

    What Falling Estimates & Price Mean for Switch (SWCH)

    Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio. One such stock that you may want to consider dropping is Switch, Inc. SWCH, which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.

  • Here is What Hedge Funds Think About Amarin Corporation plc (AMRN)
    Business
    Insider Monkey

    Here is What Hedge Funds Think About Amarin Corporation plc (AMRN)

    In the following paragraphs, we find out what the billionaire investors and hedge funds think of Amarin Corporation plc (NASDAQ:AMRN). Amarin Corporation plc (NASDAQ:AMRN) investors should pay attention to an increase in hedge fund sentiment lately. Our calculations also showed that AMRN isn't among the 30 most popular stocks among hedge funds.

  • Is RH (RH) Going to Burn These Hedge Funds?
    Business
    Insider Monkey

    Is RH (RH) Going to Burn These Hedge Funds?

    With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. With this in mind, as the current round of 13F filings has just ended, let’s examine the smart money sentiment towards RH (NYSE:RH). Hedge fund interest in RH (NYSE:RH) shares was flat at the end of last quarter.

  • Investors Real Estate Trust (IRET) Q2 2019 Earnings Conference Call Transcript
    Business
    Motley Fool

    Investors Real Estate Trust (IRET) Q2 2019 Earnings Conference Call Transcript

    Additionally, our earnings release and supplemental disclosure package have been posted on our website at iretapartments.com and filed yesterday on Form 8-K. Before we begin our remarks this morning, I need to remind you that during the call we will discuss our business outlook and will be making certain forward-looking statements about future events based on current expectations and assumptions. Any forward-looking statements made on today's call represent management's current opinions and the company assumes no obligation to update or supplement these statements that become untrue due to subsequent events.

  • Hedge Funds Aren’t Crazy About Plains GP Holdings LP (PAGP) Anymore
    Business
    Insider Monkey

    Hedge Funds Aren’t Crazy About Plains GP Holdings LP (PAGP) Anymore

    Plains GP Holdings LP (NYSE:PAGP) was in 23 hedge funds' portfolios at the end of September. PAGP shareholders have witnessed a decrease in support from the world's most elite money managers in recent months. There were 24 hedge funds in our database with PAGP holdings at the end of the previous quarter.

  • Business
    Zacks

    Micron (MU) Q1 Earnings: Will the Stock Disappoint This Time?

    Micron Technology Inc. MU is set to report first-quarter fiscal 2019 results on Dec 18. Notably, the company beat the Zacks Consensus Estimate in each of the trailing four reported quarters, the average being 5.05%. In the last reported quarter, the company’s earnings and revenues surpassed the Zacks Consensus Estimate and delivered a year-over-year improvement on both counts.

  • Nektar Therapeutics (NKTR): Are Hedge Funds Right About This Stock?
    Business
    Insider Monkey

    Nektar Therapeutics (NKTR): Are Hedge Funds Right About This Stock?

    We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of Nektar Therapeutics (NASDAQ:NKTR) based on that data. Nektar Therapeutics (NASDAQ:NKTR) has experienced an increase in hedge fund sentiment in recent months.

  • Is Unit (UNT) Stock Undervalued Right Now?
    Business
    Zacks

    Is Unit (UNT) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Looking at the history of these trends, perhaps none is more beloved than value investing. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

  • Here is What Hedge Funds Think About Mercadolibre Inc (MELI)
    Business
    Insider Monkey

    Here is What Hedge Funds Think About Mercadolibre Inc (MELI)

    What have hedge funds been doing with Mercadolibre Inc (NASDAQ:MELI)? At Q3's end, a total of 27 of the hedge funds tracked by Insider Monkey were long this stock, a change of -7% from the second quarter of 2018. The graph below displays the number of hedge funds with bullish position in MELI over the last 13 quarters.

  • Is BeiGene, Ltd. (BGNE) Going to Burn These Hedge Funds?
    Business
    Insider Monkey

    Is BeiGene, Ltd. (BGNE) Going to Burn These Hedge Funds?

    Hedge funds and other investment firms run by legendary investors like Israel Englander and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a greater amount of their resources in small-cap stocks than big brokerage houses, and this is often where they generate their outperformance, which is why we pay particular attention to their best ideas in this space. Is BeiGene, Ltd. (NASDAQ:BGNE) a bargain?