Tag Archives: billion

TipRanks Billionaire Steven Cohen Picks Up These 3 “Strong Buy” Stocks Last week, the NASDAQ slipped below 13,200, making the net loss from its all-time peak, reached earlier this month, 6.4%. If this trend keeps up, the index will slip into correction territory, a loss of 10% from its peak. So what exactly is going on? At bottom, it’s mixed signals. The COVID-19 pandemic is starting to fade and the economy is starting to reopen – strong positives that should boost markets. But an… Source link

By Kane Wu HONG KONG (Reuters) – Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said. Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one of the people, who declined to be identified as the information is confidential. Boyu did not immediately respond to a… Source link

Tesla’s (TSLA) investment in Bitcoin (BTC-USD) has garnered the electric vehicle company about $1 billion in profits — at least on paper, according to estimates from Wedbush Securities Managing Director Dan Ives. “That’s more than all they made on EV vehicles in 2020, but that continues to be the double-edge sword. It’s going to add risk to the story, and we’re seeing that in terms of the volatility,” Ives told Yahoo Finance Live on Monday. Earlier this month Tesla announced it had… Source link

(Bloomberg) — A $150 billion Morgan Stanley investing arm known for its prowess in picking growth stocks is considering adding Bitcoin to its list of possible bets. Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and… Source link

Less than one month after announcing $500 million in debt financing that reportedly valued the company at $3 billion, Thrasio, which acquires Amazon sellers and improves their operations, has raised another $750 million, the company announced on Yahoo Finance Live on Tuesday. The Massachusetts-based startup has held seven fundraises in a little over one year, and has now raised $1.75 billion to date. In 2020, Thrasio saw $100 million in profit from sales of more than $500 million. The company… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued Let’s talk about growth. With corona receding, politics growing less exciting, and a new year ahead, investors are getting optimistic – and that means there’s a hunt for stocks that will bring in strong returns. In other words, growth stocks. In a recent interview, Jan Hatzius, chief economist at investment giant Goldman Sachs, said that he sees GDP growth in 2Q21 hitting as high as 10%. In an environment like that, most stocks… Source link

(Bloomberg) — Renesas Electronics Corp. of Japan has agreed to acquire Apple Inc. supplier Dialog Semiconductor Plc, the latest U.K.-based chipmaker being sold to Asian investors. Dialog accepted the all-cash offer of about 4.9 billion euros ($5.9 billion), at 67.50 euros per share, the companies said in statements Monday. Dialog shares rose as much as 18% in early trading in London on Monday. Renesas shares dropped as much as 6.9% in Tokyo. The offer price is a 20% premium to Dialog’s… Source link

TipRanks The 5G Revolution Could Send These 3 Stocks Higher We’ve got a full month of 2021 behind us now, and a few trends are coming clearer. The coronavirus crisis may still be with us, but as vaccination programs expand, the end is in sight. With President Trump out of the picture, and the Democrats holding both Houses of Congress and the White House, politics is looking more predictable. And both of those developments bode well for an economic recovery this year. Looking back, at the… Source link

Google cofounders Larry Page, left, and Sergey Brin, right, are now the seventh and eighth richest people on the planet, respectively, with a combined wealth of $180 billion. Corbis via Getty Images Google cofounders Larry Page and Sergey Brin are $14 billion richer than they were Tuesday evening, after parent company Alphabet reported booming growth in quarterly earnings on Tuesday.   Shares of Alphabet have climbed 9.2% since trading opened Wednesday, after the company… Source link

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link