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Today in History for November 18th

Highlights of this day in history: Cult leader Jim Jones and hundreds of followers die in mass murder-suicide in South America; Massachusetts high court rules gay couples can marry; Disney's 'Steamboat Willie' premieres in New York. (Nov. 18)

  • John Schnatter responds to wife's divorce filing
    News
    American City Business Journals

    John Schnatter responds to wife's divorce filing

    John Schnatter, who has been married to Annette (Cox) Schnatter since 1987, admits to all of the facts about the couple's marriage as detailed in the petition for a dissolution of marriage, according to an Oldham County family court filing. The document also states that he and Annette have reached a separation agreement. Schnatter asks for the divorce to be granted in his response, and also asks to be awarded any and all other relief he may be entitled.

  • FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes
    Business
    Reuters

    FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes

    The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co , alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes. The FAA alleged that Boeing "failed to adequately oversee its suppliers to ensure they complied with the company's quality assurance system ... Boeing knowingly submitted aircraft for final FAA airworthiness certification after determining that the parts could not be used due to a failed strength test."

  • Is Brunswick Corporation (BC) A Good Stock To Buy?
    Business
    Insider Monkey

    Is Brunswick Corporation (BC) A Good Stock To Buy?

    As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. In this article, we will particularly take a look at what hedge funds think about Brunswick Corporation (NYSE:BC).

  • Canopy, the biggest player in Canadian cannabis, is finally entering the US
    Business
    Quartz

    Canopy, the biggest player in Canadian cannabis, is finally entering the US

    On Tuesday, Canadian business news network BNN Bloomberg reported Canopy Growth—the world's largest legal cannabis company, worth about $6.4 billion—quietly launched its new CBD brand, called First & Free. On its website, the brand is selling capsules and tinctures for prices ranging from $14.99 to $64.99 to customers in 31 US states, and says a cream will be coming soon. In Canada, Canopy operates well-known cannabis brands and retailers including Tweed and Tokyo Smoke, and in November announced new cannabis-infused chocolates, beverages, and vapes—all newly legal categories for the Canadian market.

  • I’m 56 and unemployed, but have $100,000 to live off until I find a job. Where should I put this money?
    Business
    MarketWatch

    I’m 56 and unemployed, but have $100,000 to live off until I find a job. Where should I put this money?

    Realistically ask yourself how long this process of finding a new job is going to take. Next, realistically ask yourself how much you will earn,” advises Mitchell Hockenbury, a certified financial planner at 1440 Financial Partners in Kansas City, Mo. who adds that you should consider lowering expenses as much as you can, including maybe moving in with a roommate to save on housing.

  • Business
    Bloomberg

    Bluebird, Celgene Cancer Therapy Gets Boost From New Study

    A single high-dose infusion of the personalized medicine known as bb2121 generated a response in 44 of 54 patients with multiple myeloma, including 19 who had a complete response, the companies said in a statement Friday. Patients went a median of 11.3 months before the cancer progressed, topping expectations that it needed to stop the disease for at least six months to gain approval from the U.S. Food and Drug Administration. The recently-issued CVR given in connection with the closing of Bristol-Myers' deal with Celgene, known by the ticker BMY-R, rose 8.3%.

  • Here is What Hedge Funds Think About WestRock Company (WRK)
    Business
    Insider Monkey

    Here is What Hedge Funds Think About WestRock Company (WRK)

    Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their portfolios in smaller cap stocks. We have been receiving indications that hedge funds were increasing their overall exposure in the third quarter and this is one of the factors behind the recent movements in major indices. In this article, we will take a closer look at hedge fund sentiment towards WestRock Company (NYSE:WRK).

  • Why You Should Leave SpartanNash Company (NASDAQ:SPTN)'s Upcoming Dividend On The Shelf
    Business
    Simply Wall St.

    Why You Should Leave SpartanNash Company (NASDAQ:SPTN)'s Upcoming Dividend On The Shelf

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see SpartanNash Company (NASDAQ:SPTN) is about to trade ex-dividend in the next 3 days. SpartanNash's next dividend payment will be US$0.19 per share. Based on the last year's worth of payments, SpartanNash stock has a trailing yield of around 5.5% on the current share price of $13.86.

  • Business
    GuruFocus.com

    NIO: Punishing Dilution Inbound

    NIO Inc. (NYSE:NIO), a Chinese electric vehicle company, has continued to limp along despite facing rapidly depleting cash, anemic demand and key management departures. This week, Piper Jaffray became the latest Wall Street shop to chronicle the strange travails of the struggling company. Despite initiating coverage with a "Neutral" rating, Piper's analysts could find little cause for optimism.

  • Ulta Beauty surges after earnings beat estimates
    Business
    Yahoo Finance Video

    Ulta Beauty surges after earnings beat estimates

    Shares of the beauty retailer, Ulta Beauty, posted a strong full year outlook. Same store sales also rose 3.1%. Yahoo Finance's Seana Smith and Jared Blikre discuss on The Ticker.

  • Apache Corporation (APA): Hedge Funds Are Snapping Up
    Business
    Insider Monkey

    Apache Corporation (APA): Hedge Funds Are Snapping Up

    Our research shows that certain hedge funds do have great stock picking skills (and we can identify these hedge funds in advance pretty accurately), so let's take a glance at the smart money sentiment towards Apache Corporation (NYSE:APA). Apache Corporation (NYSE:APA) was in 26 hedge funds' portfolios at the end of September. APA has experienced an increase in activity from the world's largest hedge funds of late.

  • American Airlines sets record for number of days without a cancellation
    Business
    American City Business Journals

    American Airlines sets record for number of days without a cancellation

    American Airlines Inc. (Nasdaq: AAL), the largest airline operating at Phoenix Sky Harbor International Airport, has set a company record for the number of days without a canceled flight. The carrier went seven days without a cancellation across its entire network in November, which was a record for the most in a month, according to an email sent to employees from American's Senior Vice President of Operations David Seymour that was obtained by the Business Journal. Three of those days without a canceled flight came during the Thanksgiving weekend.

  • Is Chesapeake Energy Corporation (NYSE:CHK) Trading At A 46% Discount?
    Business
    Simply Wall St.

    Is Chesapeake Energy Corporation (NYSE:CHK) Trading At A 46% Discount?

    In this article we are going to estimate the intrinsic value of Chesapeake Energy Corporation (NYSE:CHK) by projecting its future cash flows and then discounting them to today's value. This is done using the Discounted Cash Flow (DCF) model. We generally believe that a company's value is the present value of all of the cash it will generate in the future.

  • Trending Stock: Zoom shares dip on slowing growth
    Business
    Yahoo Finance Video

    Trending Stock: Zoom shares dip on slowing growth

    Zoom Video Communications, a video conferencing company, reported strong top and bottom lines during its third quarter and boosted its full-year revenue guidance. But analysts are saying perhaps investors were looking for an even bigger beat and raise. Yahoo Finance's Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM.

  • Hedge Funds Have Never Been This Bullish On Flowers Foods, Inc. (FLO)
    Business
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Flowers Foods, Inc. (FLO)

    At the same time, the 20 most favored S&P 500 stocks by the hedge funds monitored by Insider Monkey generated an outperformance of more than 8 percentage points so far in 2019. Of course, hedge funds do make wrong bets on some occasions and these get disproportionately publicized on financial media, but piggybacking their moves can beat the broader market on average. Is Flowers Foods, Inc. (NYSE:FLO) going to take off soon?

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

    Is Cloudera, Inc. (CLDR) 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.

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

    Is SmileDirectClub, Inc. (SDC) A Good Stock To Buy?

    Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage points over the last 12 months. SEC filings and hedge fund investor letters indicate that the smart money seems to be paring back their overall long exposure since summer months, though some funds increased their exposure dramatically at the end of Q3 and the beginning of Q4. In this article, we analyze what the smart money thinks of SmileDirectClub, Inc. (NASDAQ:SDC) and find out how it is affected by hedge funds' moves.

  • Snap-on Incorporated (SNA): Hedge Funds In Wait-and-See Mode
    Business
    Insider Monkey

    Snap-on Incorporated (SNA): Hedge Funds In Wait-and-See Mode

    Hedge fund activity in Snap-on Incorporated (NYSE:SNA) At the end of the third quarter, a total of 24 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -4% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards SNA over the last 17 quarters. So, let's check out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

  • Corning Incorporated (GLW): Are Hedge Funds Right About This Stock?
    Business
    Insider Monkey

    Corning Incorporated (GLW): Are Hedge Funds Right About This Stock?

    The largest stake in Corning Incorporated (NYSE:GLW) was held by Winton Capital Management, which reported holding $36.7 million worth of stock at the end of September. It was followed by Yacktman Asset Management with a $34.8 million position. Other investors bullish on the company included Masters Capital Management, Adage Capital Management, and D E Shaw.

  • Hedge Funds Are Buying Ball Corporation (BLL)
    Business
    Insider Monkey

    Hedge Funds Are Buying Ball Corporation (BLL)

    That's why we believe it isn't a waste of time to check out hedge fund sentiment before you invest in a stock like Ball Corporation (NYSE:BLL). Is Ball Corporation (NYSE:BLL) a buy here? Investors who are in the know are turning bullish.

  • Hedge Funds Love Unisys Corporation (UIS) Way More Than These 4 Stocks
    Business
    Insider Monkey

    Hedge Funds Love Unisys Corporation (UIS) Way More Than These 4 Stocks

    More specifically, Rutabaga Capital Management was the largest shareholder of Unisys Corporation (NYSE:UIS), with a stake worth $7.1 million reported as of the end of September. Trailing Rutabaga Capital Management was Royce & Associates, which amassed a stake valued at $6.3 million. D E Shaw, AQR Capital Management, and Portolan Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company.

  • Hedge Funds Love Concho Resources Inc. (CXO)
    Business
    Insider Monkey

    Hedge Funds Love Concho Resources Inc. (CXO)

    What have hedge funds been doing with Concho Resources Inc. NYSE:CXO)? Heading into the fourth quarter of 2019, a total of 28 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 4% from the previous quarter.

  • Is Now The Time To Put L3Harris Technologies (NYSE:LHX) On Your Watchlist?
    Business
    Simply Wall St.

    Is Now The Time To Put L3Harris Technologies (NYSE:LHX) On Your Watchlist?

    If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in L3Harris Technologies (NYSE:LHX). How Quickly Is L3Harris Technologies Increasing Earnings Per Share? As a tree reaches steadily for the sky, L3Harris Technologies's EPS has grown 18% each year, compound, over three years.

  • Hedge Funds Are Warming Up To Exelixis, Inc. (EXEL)
    Business
    Insider Monkey

    Hedge Funds Are Warming Up To Exelixis, Inc. (EXEL)

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Hedge funds underperform because they are hedged.

  • Is Sempra Energy (SRE) Going To Burn These Hedge Funds ?
    Business
    Insider Monkey

    Is Sempra Energy (SRE) Going To Burn These Hedge Funds ?

    Sempra Energy (NYSE:SRE) investors should be aware of an increase in hedge fund sentiment lately. Our calculations also showed that SRE isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings and see the video below for Q2 rankings). Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.