Month: July 2018

Facebook’s historic plunge has erased a reported $16 billion from CEO Mark Zuckerberg’s fortune this week, but it has not been kind to several hedge fund managers either. David Tepper is the president and founder of Appaloosa Management, which had a significant stake in Facebook, a stock that plunged this week. (Photo by: David Orrell/CNBC/NBCU Photo Bank via
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On Monday after the bell, Alphabet (NASDAQ: GOOG, GOOGL) reported second-quarter earnings, posting 26% year-over-year sales growth and results that topped Wall Street’s expectations. Alphabet stock spiked slightly on the news, elevating the shares from around $1,205 before the report to about $1,255 in the wake of the results. Before the earnings report, I noted that
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You’re probably familiar with Expedia (NASDAQ:EXPE), particularly Expedia.com, a site through which you can book flights, hotels, rental cars and more. The stock got absolutely crushed back in February, taking a 15% one-day hit after reporting first-quarter earnings. Since then, it has been trending steadily higher. It quickly rallied from $100 to $110 to recapture its 200-day
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With automated technologies, the domain of fantasy and science-fiction is steadily becoming not only reality, it’s becoming the new norm. The robotic revolution has dramatically altered the economic landscape, driving productivity primarily in manufacturing and in many other sectors. As a result, automation stocks are virtual necessities for your portfolio. This isn’t merely marketing hype.
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Fifty percent of the S&P 500 has reported through Thursday, and several trends are apparent. Despite several high-profile misses like Facebook, earnings and revenues for the second quarter are higher than expected, and estimates for the third quarter are holding up. Earnings growth is running at 22.4 percent and revenues are up 8.6 percent. Here’s
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Steve Eisman, the investor whose prescient financial crisis forecast was featured in “The Big Short,” is shorting electric automaker Tesla. The portfolio manager called the company’s founder Elon Musk a “very smart man” but raised concern about the CEO’s ability to follow through on lofty ambitions. “He’s got execution problems,” Eisman, portfolio manager at Neuberger
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One of the best momentum stocks to buy of 2018 recently got a rude awakening from an analyst. On July 20, Credit Suisse analyst Judah Former downgraded discount retailer Five Below (NASDAQ:FIVE) to “neutral” from “outperform” after its stock gained more than 125% over the past year.  “[Five Below] remains one of the most differentiated
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U.S. stock futures are treading water in positive territory this morning. Wall Street is holding its ground in pre-market trading due to strong earnings results from Amazon (NASDAQ:AMZN). However, there is a tinge of nervousness. Traders are awaiting the release of second-quarter gross domestic product (GDP). Economists have forecast a reading of 4.2%, which would be
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