Tag Archives: Investors

(Bloomberg) — Chinese technology shares climbed on Monday after recording their best weekly advance since January as bargain hunters continued to load up on the beaten-down sector. The Hang Seng Tech Index rallied 1.1%, led by live streaming giant Kuaishou Technology and Alibaba Health Information Technology Ltd. Food delivery company Meituan erased earlier losses and rose 1.5% ahead of its results, which showed second-quarter revenue beating estimates while losses continued. The rally came… Source link

Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector’s Q2 2021 revenue growth rate of 24.9% came in way higher than Wall Street’s estimate of 19.4% while the sector reported earnings of $15.9 billion compared to a loss of -$10.6 billion in Q2 2020 marked the biggest Y/Y improvement of any of the S&P 500‘s 11 market sectors.  Interestingly, the Big Oil duo of… Source link

This photo shows cars and homes destroyed by the Dixie Fire line central Greenville on Thursday, Aug. 5, 2021, in Plumas County, Calif. (AP Photo/Noah Berger) It’s a great paradox that the two biggest stories of our time are invisible. COVID for one. You can’t see it. And that’s what makes it difficult to convince, say, 700,000 bikers at the Sturgis Motorcycle Rally in South Dakota this week that they should socially distance, wear masks and get vaccinated. Of course, you do see COVID… Source link

Despite pulling back from recent highs, bitcoin, the world’s largest crypto by market cap, remains above a key long-term technical indicator, which reflects bullish market conditions. Prices are currently at about $46,350 after topping out at $46,453 in the last 24 hours, CoinDesk data show. The crypto is up 57% year to date and is making headway toward its all-time high of $64,829 on April 14. “After a quiet July, we’re seeing a return of retail investors,” said Caroline Bowler, CEO… Source link

Lawmakers and regulators’ increasing scrutiny of crypto markets, including the debate over the U.S. infrastructure bill’s crypto tax reporting provision, may be spooking retail investors but not institutional ones, recent blockchain data from Glassnode indicates.   These larger investors, as represented by large-value dollar transactions, fueled Bitcoin’s nearly 20% price gains since last week, the Berlin-based blockchain data firm found. A number of analysts say the trend shows that… Source link

Google parent Alphabet Inc. (GOOG, GOOGL) crushed earnings last week, reporting a 62% revenue surge to $61.9 billion. That beat analysts estimates by almost $6 billion. The company reported diluted earnings per share (EPS) of $27.26, blowing away estimates of $19.35. Alphabet is marching ever closer to becoming a $2 trillion company. Key Takeaways Google parent Alphabet shattered earnings expectations last week. Big earnings attract institutional investors over the long term.

The big shareholder groups in Yandex N.V. (NASDAQ:YNDX) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Warren Buffett said that he likes “a business with enduring competitive advantages that is run by able and owner-oriented people.” So it’s nice to see some insider ownership, because it may suggest that management is owner-oriented. With a market capitalization of US$24b, Yandex is rather… Source link

Retail investors have upended conventional market dynamics in 2021, showing institutional investors and hedge funds that they are a force to contend with. “The one dynamic that will change is, I think, big institutionally-driven hedge fund players will not get out over their skis the way that Archegos did,” Keith Bliss, a former NYSE trader and president of Capital2Market, told Yahoo Finance (video above). “But what the instructive part of that whole episode was that these bigger… Source link

As Robinhood (HOOD) prepares for its IPO on July 29 in a bid for a $35 billion valuation, some analysts warn that the company’s business model — specifically its reliance on payment for order flow (PFOF) — is an unseemly practice that won’t last. “This IPO is effectively selling investors on exploiting other investors,” David Trainer, CEO of New Constructs, said on Yahoo Finance Live (video above). “The whole payment-for-order-flow business model is probably not going to be long for… Source link

Stock futures added to losses in late trading on Tuesday, with investors digesting a slew of Big Tech earnings results and looking ahead to another set of reports on Wednesday. A monetary policy statement from the Federal Reserve is also slated for release. Contracts on the S&P 500 dipped about 0.25% at the start of the overnight session. The index, as well as the Dow and Nasdaq, pulled back from record levels during the regular trading day.  Shares of Apple (AAPL) and Microsoft (MSFT) fell… Source link