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Google is ‘very well positioned’ despite co-founders stepping down: Applico CEO

Applico CEO Alex Moazed and Tigress Financial Partners CIO Ivan Feinseth discuss the future of Google following the company’s co-founders stepping down from their leadership roles.

  • KLX Energy Services Holdings, Inc. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
    Business
    Simply Wall St.

    KLX Energy Services Holdings, Inc. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

    So we gathered the latest post-earnings forecasts to see what analysts are forecasting for next year. After the latest results, the consensus from KLX Energy Services Holdings's twin analysts is for revenues of US$533.8m in 2021, which would reflect a chunky 9.4% decline in sales compared to the last year of performance. Per-share losses are expected to explode, reaching US$1.56 per share.

  • When Should You Buy KLA Corporation (NASDAQ:KLAC)?
    Business
    Simply Wall St.

    When Should You Buy KLA Corporation (NASDAQ:KLAC)?

    The company's shares saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. According to my valuation model, KLA seems to be fairly priced at around 9.3% below my intrinsic value, which means if you buy KLA today, you'd be paying a reasonable price for it.

  • Billionaire George Soros Snaps Up These 3 High-Yield Dividend Stocks
    Business
    TipRanks

    Billionaire George Soros Snaps Up These 3 High-Yield Dividend Stocks

    To watch Boyd's track record, click here) BP shares have received three recent Buy ratings, giving the stock a unanimous 'Strong Buy' from the analyst consensus. The average price target stands tall at $51.33 -- indicating a robust upside potential of 39%. See BP stock analysis on TipRanks) BP wasn't the only energy industry company that Soros was interested in.

  • Chevron starts divesting from region, selling this key site
    Business
    American City Business Journals

    Chevron starts divesting from region, selling this key site

    Chevron is getting a quick start on its plans to divest its assets in the region. A few days after announcing it was divesting of its assets in the various shale plays of the Appalachian region, the California energy giant closed on selling a 38.5 acre parcel once expected to be the new home of a regional office campus to Green Tree-based Burns Scalo Real Estate Services. The sale of the property closed late this week after Chevron (NYSE:CVX) first opted to drop its headquarters campus plan in June 2016 when it listed the property for sale with Cushman & Wakefield Grant Street Associates.

  • Hedge Funds Are Dumping Cree, Inc. (CREE)
    Business
    Insider Monkey

    Hedge Funds Are Dumping Cree, Inc. (CREE)

    Hedge fund activity in Cree, Inc. NASDAQ:CREE) At Q3's end, a total of 22 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -8% from the second quarter of 2019. On the other hand, there were a total of 13 hedge funds with a bullish position in CREE a year ago.

  • Here is What Hedge Funds Think About Apogee Enterprises, Inc. (APOG)
    Business
    Insider Monkey

    Here is What Hedge Funds Think About Apogee Enterprises, Inc. (APOG)

    In this article, we look at what those funds think of Apogee Enterprises, Inc. (NASDAQ:APOG) based on that data. Hedge fund interest in Apogee Enterprises, Inc. (NASDAQ:APOG) shares was flat at the end of last quarter. At the end of this article we will also compare APOG to other stocks including ePlus Inc. (NASDAQ:PLUS), H&E Equipment Services, Inc. (NASDAQ:HEES), and 2U Inc (NASDAQ:TWOU) to get a better sense of its popularity.

  • Insurance group surprises employees with $50M payout
    Business
    Yahoo Finance Video

    Insurance group surprises employees with $50M payout

    Integrity Marketing Group recently handed out a $50 million dollar payout and a company ownership stake to all 750 of its employees. Integrity Marketing Group Co-founder and CEO Bryan Adams joins Yahoo Finance's Zack Guzman and Emily McCormick, along with former 'Bachelorette' contestant Jason Tartick to discuss on YFi PM.

  • Should You Be Concerned About Sanofi's (EPA:SAN) ROE?
    Business
    Simply Wall St.

    Should You Be Concerned About Sanofi's (EPA:SAN) ROE?

    This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we'll use ROE to better understand Sanofi (EPA:SAN). Our data shows Sanofi has a return on equity of 5.7% for the last year.

  • Hedge Funds Are Selling Canada Goose Holdings Inc. (GOOS)
    Business
    Insider Monkey

    Hedge Funds Are Selling Canada Goose Holdings Inc. (GOOS)

    Hedge funds' top 3 stock picks returned 41.7% this year and beat the S&P 500 ETFs by 14 percentage points. Is Canada Goose Holdings Inc. (NYSE:GOOS) the right investment to pursue these days? Hedge funds are in a pessimistic mood.

  • Do Hedge Funds Love SunPower Corporation (SPWR)?
    Business
    Insider Monkey

    Do Hedge Funds Love SunPower Corporation (SPWR)?

    With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was SunPower Corporation (NASDAQ:SPWR). SunPower Corporation (NASDAQ:SPWR) investors should be aware of an increase in activity from the world's largest hedge funds of late.

  • Bristol-Myers wins $752 million in U.S. patent case against Gilead
    Business
    Reuters

    Bristol-Myers wins $752 million in U.S. patent case against Gilead

    Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technology for treating cancer. A jury in Los Angeles awarded the damages after finding that Yescarta, a treatment sold by Gilead's Kite Pharma unit, infringed on a patent exclusively licensed by Bristol-Myers' Juno Therapeutics division. The patent at issue in the lawsuit, which Juno licenses from the Memorial Sloan Kettering Cancer Center in New York, relates to CAR T-cell immunotherapy for cancer.

  • Business
    Reuters

    California governor rejects PG&E bankruptcy reorganization plan

    California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp, the state's largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law. The decision by Newsom, sent to PG&E in a letter, complicates the company's push to exit bankruptcy and provide billions of dollars to victims of devastating wildfires in 2017 and 2018 sparked by the utility's power lines. The embattled utility now has until Tuesday to further amend its plan to Newsom's satisfaction, but his criticism of the reorganization package as it was presented by PG&E a day earlier was sweeping.

  • SoftBank’s China strategy wobbles as key bets disappoint
    Business
    Reuters

    SoftBank’s China strategy wobbles as key bets disappoint

    HONG KONG/BEIJING (Reuters) - For SoftBank Group Inc, financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy. Instead, embarrassed bankers had to slash the offering size and cut its price as investors baulked at a business model seen too reliant on majority owner Ping An Insurance. The IPO valued OneConnect at $3.7 billion, about half its worth last year when SoftBank's Vision Fund invested $100 million, and its stock was down slightly in its debut on Friday.

  • A Much Better Dividend Stock Than These Dividend Darlings
    Business
    Insider Monkey

    A Much Better Dividend Stock Than These Dividend Darlings

    Dividend investors usually focus on companies that have a long track record of increasing their dividends year after year. The companies with at least 25 years of consecutive dividend increases are especially favored by income oriented investors. In these situations, the losses due to share price decline might wipe out the dividend income that has been collected over the years.

  • Regulators could sink AB InBev's $11 bln asset sale to Asahi
    Business
    Reuters Videos

    Regulators could sink AB InBev's $11 bln asset sale to Asahi

    The world's biggest brewer has a debt pile to match: around 100 billion dollars of it. But AB InBev's plans to pay down some of that by selling its Australia operations to Asahi may be in jeopardy. Australian regulators say a new combined entity would control two thirds of the local cider market.

  • Hedge Funds Are Dumping NIO Limited (NIO)
    Business
    Insider Monkey

    Hedge Funds Are Dumping NIO Limited (NIO)

    Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). NIO Limited (NYSE:NIO) was in 13 hedge funds' portfolios at the end of the third quarter of 2019. There were 14 hedge funds in our database with NIO holdings at the end of the previous quarter.

  • A Close Look At Verizon Communications Inc.’s (NYSE:VZ) 13% ROCE
    Business
    Simply Wall St.

    A Close Look At Verizon Communications Inc.’s (NYSE:VZ) 13% ROCE

    Today we'll evaluate Verizon Communications Inc. (NYSE:VZ) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. First up, we'll look at what ROCE is and how we calculate it.

  • Home Depot to bring its design center concept to Rockville, the only location outside of California
    Business
    American City Business Journals

    Home Depot to bring its design center concept to Rockville, the only location outside of California

    The Home Depot Inc. (NYSE: HD) is expected to bring its design center concept to Montrose Crossing shopping center, the first of its kind in Greater Washington and the only current location outside of California, the landlord confirmed. Montrose Crossing owner Federal Realty Investment Trust (NYSE: FRT) has filed an interior alteration permit with Montgomery County to build out a two-story Home Depot Design Center at 12087 Rockville Pike.

  • Elliott’s PG&E Plan Aims Carefully at Gavin Newsom
    Business
    Bloomberg

    Elliott’s PG&E Plan Aims Carefully at Gavin Newsom

    Newsom must decide whether to support the company's latest plan to emerge from chapter 11, which includes a revised $13.5 billion settlement agreed last week with wildfire victims. Having also settled with insurance firms for $11 billion and local governments for $1 billion, PG&E has effectively tightened pressure on one of the last remaining stakeholders — sitting in Sacramento — to get on board. In the background, a clock ticks toward the effective June 2020 deadline enshrined in California's wildfire-fund legislation.

  • When Chevron leaves the region, so will most of its charitable giving
    Business
    American City Business Journals

    When Chevron leaves the region, so will most of its charitable giving

    The biggest was the $20 million Appalachian Partnership Initiative, a five-year program with community groups to build up STEM and workforce training initiatives. But Chevron and its employees have been monetary and time contributors for a host of other charitable initiatives, from the Pro Football Alumni charity golf tournament to more than 100 local schools and Intermediate Unit 1, and partnerships with the Carnegie Science Center, the Pittsburgh Pirates and the Children's Museum of Pittsburgh, among others. That legacy, and the active engagement of Chevron employees from the top down on volunteer work and board work, is going to be missed when the company exits Appalachia.

  • Stocks To Watch: Fifth Third Bancorp Sees RS Rating Jump To 83
    Business
    Investor's Business Daily

    Stocks To Watch: Fifth Third Bancorp Sees RS Rating Jump To 83

    Fifth Third Bancorp had its Relative Strength (RS) Rating upgraded from 79 to 83 Friday. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.

  • Is HSBC Holdings plc  (HSBC) A Good Stock To Buy?
    Business
    Insider Monkey

    Is HSBC Holdings plc (HSBC) A Good Stock To Buy?

    Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren't very good. This year hedge funds' top 20 stock picks easily bested the broader market, at 37.4% compared to 27.5%, despite there being a few duds in there like Berkshire Hathaway (even their collective wisdom isn't perfect). Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.

  • Is Xilinx, Inc. (NASDAQ:XLNX) Worth US$96.5 Based On Its Intrinsic Value?
    Business
    Simply Wall St.

    Is Xilinx, Inc. (NASDAQ:XLNX) Worth US$96.5 Based On Its Intrinsic Value?

    In this article we are going to estimate the intrinsic value of Xilinx, Inc. (NASDAQ:XLNX) by projecting its future cash flows and then discounting them to today's value. We generally believe that a company's value is the present value of all of the cash it will generate in the future. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

  • Is Iron Mountain Incorporated (IRM) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Iron Mountain Incorporated (IRM) A Good Stock To Buy?

    Hedge fund activity in Iron Mountain Incorporated (NYSE:IRM) Heading into the fourth quarter of 2019, a total of 14 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 0% from the previous quarter. The graph below displays the number of hedge funds with bullish position in IRM over the last 17 quarters. With the smart money's capital changing hands, there exists a few noteworthy hedge fund managers who were adding to their holdings significantly (or already accumulated large positions).

  • Business
    Barrons.com

    Stocks Are Headed Higher in 2020, Strategists Say. Here’s Which Sectors Will Benefit the Most.

    Rick Rieder, chief investment officer of global fixed income at BlackRock, sees the consumer remaining the driving force of the U.S. economy in 2020. Unemployment is at 3.5%, and wage gains accelerated in the back half of 2019, surpassing inflation. That means consumers have seen their spending power increase—good news for the economy, since consumer spending accounts for about 70% of it.