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Read More »Warren Buffett keeps selling billions worth of stock in this frothy market — but here are 3 new places where he’s managed to find value
Warren Buffett keeps selling billions worth of stock in this frothy market — but here are 3 new places where he’s managed to find value Bloated valuations in today’s stock market aren’t exactly appealing to value investors. So it’s no surprise that the most famous value investor of all continues to reduce his stock market exposure. In Q3, Warren Buffett’s holding company Berkshire Hathaway sold a net $2 billion stock, including a complete exit of pharmaceutical giant Merck as well as… Source link
Read More »What is short selling? Yahoo U explains
For more business and finance explainers, check out our Yahoo U page. Buying a stock is often a bet that the stock’s price will go up. But what if you want to bet on a stock price going down? Short selling is one way to do that, and involves a few extra steps than simply buying a stock. It also comes with high risk. How does one short sell a stock? First, an investor borrows a share of a company, usually from a broker (likely in a margin account). The investor then sells the share in the… Source link
Read More »Billionaire David Tepper is Selling These 10 Stocks
In this article, we discuss the 10 stocks Billionaire David Tepper is selling. If you want to skip our detailed analysis of Tepper’s history, investment philosophy, and hedge fund performance, go directly to Billionaire David Tepper is Selling These 5 Stocks. Legendary investor, philanthropist and co-founder of the public equity investment fund Appaloosa Management, David A. Tepper specializes in distressed debt investments. After earning his B.A in Economics from the University of Pittsburgh… Source link
Read More »GameStop says it isn’t just selling video games — it’s also ‘evolving’ into a tech company
GameStop (GME) apparently no longer sees itself as a retailer under the dual leadership of new chairman Ryan Cohen and CEO Matt Furlong, but rather as a tech company perhaps some day worthy of being in the same discussion as an Apple (AAPL), Microsoft (MSFT), and Google (GOOG, GOOGL). “GameStop has two long-term goals: delighting customers and delivering value for stockholders. We are evolving from a video game retailer to a technology company that connects customers with games,… Source link
Read More »Here’s why investors are selling Tesla stock and buying Ford, GM: Analyst
Coming back from the Labor Day weekend, Tesla (TSLA) shares marked a 2.64% gain on Tuesday, trading at just over $750 by market close. And while some experts are targeting $3,000 per share, TD Ameritrade Chief Market Strategist JJ Kinahan explains why TD’s clients are selling Tesla in the near term. “[TD Ameritrade’s clients] sold [Tesla shares] in July and August, which I think is very interesting overall,” Kinahan told Yahoo Finance Live. “[They sold for] a couple of reasons…. Source link
Read More »Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 7 Other Stocks
In this article, we discuss the stocks that Michael Burry is betting against and selling. If you want to skip our detailed analysis of these stocks, go directly to Michael Burry is Betting Against Cathie Wood’s Fund, Tesla and Selling These 2 Other Stocks. Michael Burry, the investor who rocketed to fame on Wall Street by betting against the housing bubble that led to the financial meltdown in 2009, recently revealed another bearish bet against perhaps the most successful exchange traded fund… Source link
Read More »Gold Tumbles With Silver as ‘Panic’ Selling Grips Asian Open
(Bloomberg) — Gold extended its slump, and silver tumbled, after a stronger-than-expected U.S. jobs report fueled bets that the Federal Reserve may start paring back its massive monetary stimulus soon. Spot bullion fell more than 4% and silver slumped as much as 7% as the selloff following Friday’s employment figures initially accelerated at the start of Asian trading. Dallas Fed President Robert Kaplan said the central bank should start tapering its asset purchases sooner rather than… Source link
Read More »Robinhood IPO is ‘effectively selling investors on exploiting other investors,’ New Constructs CEO argues
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
Read More »China Stocks Tumble in ‘Panic Selling’ Amid Broad Crackdown
(Bloomberg) — A selloff in Chinese private education companies sent shockwaves through the equity market Monday, as investors scrambled to price in the growing risks from an intensifying crackdown by Beijing on some of the nation’s industries. Stocks slumped on the mainland and in Hong Kong, with the benchmark CSI 300 Index dropping 3.2% and the Hang Seng Index tumbling 4.1%, the most since May last year. Steep losses in education stocks in the wake of a sweeping overhaul spilled over into… Source link
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