17.63k followers • 5 symbols Watchlist by Yahoo Finance
Follow this list to discover and track the stocks that were bought the most by activist hedge funds in the last quarter.
Theresa May’s troubles continue to pin back the Pound and the stats have provided little help. More swings on the cards later today.
Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday. Activist hedge fund Jana Partners sold out of its position in major Chinese e-commerce company Alibaba Group Holding Ltd and reduced its stake in Apple by approximately 175,000 shares, slicing its position in the company by 63 percent.
Disappointing macro data and crude oil price undermined Loonie bulls while strength of US Dollar in broad market helped stage solid upside move.
IQVIA (IQV) delivered earnings and revenue surprises of 2.04% and 2.75%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Cisco Systems (CSCO) gains from strength in Security and Applications segment. Order strength and improving traction of the subscription-based model were other tailwinds.
Groupon (GRPN) hurt by lower customer traffic. However, investments in scaling Groupon+ and maximization of long-term gross profit are a positive.
Brexit and Trade talks are on the political agenda, while Germany’s GDP numbers and retail sales figures out of the U.S will be in focus on the data front.
Oil prices continue to underpin Loonie while Dollar is subdued owing to risk appetite resulting in range bound action.
The Canadian dollar rose to its highest in one week against its broadly stronger U.S. counterpart on Wednesday, as oil prices climbed and investors bet that the United States and China would resolve their trade dispute. Canadian government bond prices were lower across the yield curve in sympathy with U.S. Treasuries.
The chief executives of Apple Inc , Walmart Inc, IBM Corp and other major companies are joining a Trump administration advisory board that hopes to prepare U.S. workers to deal with job training issues and the worforce shift brought by artificial intelligence and automation, the U.S. Commerce Department said on Wednesday. President Donald Trump signed an executive order in July creating the 25-member board, co-chaired by adviser Ivanka Trump and Commerce Secretary Wilbur Ross, to address workforce issues including "automation, and artificial intelligence that is shaping many industries." Other chief executives joining the board are those of Lockheed Martin Corp, Siemens USA , Home Depot Inc and Visa Inc.
Insperity's (NSP) fourth-quarter 2018 results benefit from worksite employee growth and effective management of pricing, direct cost programs and operating costs.
Sanofi (SNY) and Regeneron (REGN) announce a 60% cut in the U.S. list price of their cholesterol lowering drug, Praluent to improve access and affordability of the product.
Akamai (AKAM) benefited from robust performance of cloud security business, growth in Media and Carrier Division, strong seasonal traffic and operational efficiency.
IPG Photonics (IPGP) benefits from growth in communications, medical and government applications. However, weakness in 3D printing and metal cutting remains a concern.
Kraft Heinz's (KHC) cost-saving endeavors, and focus on innovation and marketing are likely to help the company counter input cost woes in Q4.
Will inflation numbers deliver a boost for the Pound or the Dollar, or will they ease pressure on the respective central banks to make a move?
In the latest trading session, Salesforce.com (CRM) closed at $162.79, marking a +1.8% move from the previous day.