With the markets at all time highs, "corrections may be coming," followed by more gains," says Tony Dwyer, analyst at Canaccord Genuity. "We still believe the market is ripe for a pullback, but the focus should remain on our core fundamental thesis and the global reflation theme," Dwyer wrote in a note to investors.
Indaba Capital is pushing benefitmanagement software company Benefitfocus Inc to putitself up for sale after years of poor returns and high turnoverin the executive suite, according to a letter the hedge fundsent to the company's board on Thursday. Benefitfocus stock price jumped than 10% to trade at $17.31after Indaba, which owns a stake of 9.6% dialed up the pressureafter weeks of private negotiations that ended last month. Now the hedge fund, which oversees $1.5 billion in assets,is urging a "good faith sales process," adding "the currentleadership has lost the privilege of running Benefitfocus."
We have presented five ETFs that are easily crushing the Russell 2000 Index this year and are likely to continue their strong performance at least in the near term.