Tag Archives: cheap

(Bloomberg) — The sobering United Nations-backed report on global warming last week prompted a lot of hand wringing from governments and the general public about fossil fuels. The response from investors in the oil and gas industry? A big shrug. Shares of energy companies, which led the S&P 500 higher for much of the year, ended the week little changed. Oil prices rebounded from a selloff earlier in the month, despite the warnings that the world must wean itself off fossil fuels, and… Source link

(Bloomberg) — Billionaire hedge fund manager Alan Howard paid $59 million for a Manhattan townhouse in March. Just two months later he obtained a $30 million mortgage from Citigroup Inc. Denis Sverdlov, worth $6.1 billion thanks to his shares in electric-vehicle maker Arrival, recently pledged part of that stake for a line of credit from the same bank. For Edgar and Clarissa Bronfman the loan collateral is paintings by Damien Hirst and Diego Rivera, among others. Philippe Laffont, meanwhile,… Source link

Quality is on sale in the stock market.  Higher quality stocks are trading at their largest valuation discount to the broad market since the dot com bubble of the early 2000s (see chart below), BlackRock CIO of U.S. fundamental equities Tony DeSpirito said in a new research note.  DeSpirito defines high quality stocks as those of companies that generate profits and sport pricing power (so obviously, this excludes Special Purpose Acquisition Companies, or SPACs). The companies manage their… Source link

NEW YORK, NY – OCTOBER 15: The new Google Pixel Buds ear pods are displayed during a Google launch … [+] event on October 15, 2019 in New York City. Google’s new ear buds will be released in Spring 2020 and retail for $179. (Photo by Drew Angerer/Getty Images) Getty Images Google’s next wireless earbuds will be a budget version of 2020’s Pixel Buds. But what features are being cut to bring the price down?   A hastily deleted tweet, from the official Android Twitter… Source link

TipRanks 2 “Strong Buy” Stocks Insiders Are Snapping Up One strategy for selecting top stocks is to track insider transactions. After all, if insiders are dipping into their own pockets you can imagine it’s because they believe the stock looks compelling. A Harvard study revealed that insider purchases earn “abnormal” returns of more than 6% per year. The authors of the study conclude that insider buyers “have a good feel for near-term developments within their firm.” The… Source link