Some of the largest US banks include JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Company. After reporting strong financial results, Wells Fargo stock surged to a new 52-week high of $58.87. In addition to Delta Air Lines Inc. and Taiwan Semiconductor Manufacturing Company Limited, a number of other companies have also released financial results for the fourth quarter. Quarterly profits at JPMorgan and Citigroup were down year over year. Insider Monkey reviews the 10 stocks in the limelight after announcing their financial results. Profits at Commercial Metals Company were better than expected in the first quarter of…
Author: Isabelle Acosta
Stephen Mandel, a billionaire, founded Lone Pine Capital in 1997. Until 2019, Mandel served as president and portfolio manager of the hedge fund. Mandel is the managing director of the Connecticut-based hedge fund Lone Pine Capital, even though he is not actively involved in the investment management of that fund. In the third quarter, Lone Pine Capital bought six new stocks, increased its stake in ten others, and reduced its holdings in three others. During the third quarter of 2021, the fund’s top investments were Twitter, Bilibili, and Workday. Insider Monkey highlights 8 new stock picks of billionaire Stephen Mandel.…
In the finance industry, Reddit has become a vital online platform for sharing information. Platform raised $700 million in funding in summer of last year. Reddit was valued at $6 billion in February 2021, an increase of nearly 100% over its previous valuation of $6 million. As a way to stay on top of retail investor trends, hedge funds have begun monitoring popular Reddit groups like WallStreetBets, PennyStocks, and FinancialIndependence. NVIDIA Corporation and CrowdStrike Holdings, Inc. are two of the most popular tech stocks on Reddit right now. Here is Insider Monkey’s list of the 10 most popular tech stocks…
The Mediterranean Sea runs through the middle of Italy. European Union and the OECD are two of its founding members. Over 60 million people call Italy home, making it the third-largest EU country by population. Industrialization in Italy accelerated after the country’s reunification in 1846. In the first half of the year, Italy’s GDP increased by 4.7%, putting the country on track for a strong start in 2021. Italy’s economy is the third-largest in the Eurozone thanks to a wide range of industrial manufacturing, agricultural, machinery, and fashion design industries. Italy is the world’s sixth-largest producer of manufactured goods. Italian…
Six people and $28 million were the only resources D. E. Shaw had when he started the New York-based hedge fund. Shaw has a current real-time net worth of $7.5 billion as of January 2022. Computational finance has been the firm’s primary focus since its inception. D. E. Shaw’s flagship Composite Fund lost money in a single year. The fund returned 18.5 percent in 2021, a return of double digits. These include Walmart Inc., Intel Corporation, and The Coca-Cola Company. Insider Monkey discusses the 10 best dividend stocks in billionaire D. E. Shaw’s portfolio. By acquiring a 75% stake, D…
Several social media users have claimed that lawmakers “unfairly” profit from stock trades. Policy and other related decisions that may have an impact on the stock price are made exclusively available to legislators. Members of Congress will be prohibited from trading in stocks, according to an upcoming bill. Prior to the Fed meeting, Senator John Hickenlooperate sold off his positions in high-growth stocks. Some people on social media think he did it to take advantage of an impending rise in interest rates. Since the Federal Reserve’s meeting, he has sold four of the seven stocks he held. Here is Insider…
Wind and solar power are expected to take the lead in this expansion. The IEA predicts a 50 percent increase in 2022 over pre-pandemic levels of solar PV development to 162 GW. We expect wind capacity to grow faster than solar in the next few years. The production of biofuel and uranium is also expected to improve. In the first eight months of 2021, new wind and solar capacity additions increased by 28% year on year. The deployment of solar photovoltaics (PV) in both urban and rural areas is also gaining momentum. In 2022, the United States will see a…
Egerton Capital was founded in 1994 by John Armitage, a British-Irish billionaire. Egerton has $27.4 billion in discretionary assets under management, which includes over $21 billion in Q3 securities. To put it another way: most of the money in this fund is allocated to transportation, communications, financial services, and consumer discretionary spending. Alphabet Inc. and Meta Platforms, Inc. are two of the fund’s most notable holdings for the third quarter of its portfolio. Here is Insider Monkey’s list of top stock picks of John Armitage’s Egerton Capital. The Comcast Corporation stake of John Armitage’s Egerton Capital increased by 61 percent…
A British hedge fund manager, Terry Smith, established Fundsmith LLP in 2010 as his own company. Fundsmith manages $45.6 billion in discretionary assets. Per its latest financial report, its Q3 13F portfolio is worth over $36 billion. The Fundsmith Equity Fund and the Fundsmith Emerging Equities Trust are the two main funds of Fundsmith LLP. Investments in communications, information technology, health care, financial services, consumer staples and discretionary sectors are Terry Smith’s primary focus. Here is Insider Monkey’s list of the 10 best stocks to buy according to Terry Smith’s Fundsmith LLP. Terry Smith’s Fundsmith LLP recommends buying Waters Corporation…
Volatile supply chains are putting the spotlight on delivery stocks. Billion-dollar valuations have been achieved by third-party applications that focus solely on delivery It is predicted that by 2027, the online food delivery market alone will be worth $128 billion. Amazon, Uber, and Walmart are all excellent delivery companies to invest in right now. As the competition heats up, so does the number of industry mergers and acquisitions. Due to a lack of workers, delivery stocks have been impacted recently, but this shortage should diminish by 2022. Here is Insider Monkey’s list of the 11 best delivery stocks to buy…
Invenomic Capital Management’s Managing Partner and Portfolio Manager, Ali Motamed, is also the firm’s CEO. For the Boston Partners Long/Short Equity Fund, he served as a co-portfolio manager. Mr. Motamed earned his bachelor’s degree in English literature from the University of California, Los Angeles. For example, Ali Motamed’s Invenomic Capital Management owns stakes in Airbnb, Cigna Corporation, and Centene Corporation, among others. A total of 56% of the fund’s assets are represented by this investment. Insider Monkey highlights the list of top 10 stock picks of Ali Motamed’s Invenomic Capital Management. In addition to the United States, Canada, Europe, Asia,…
For the first time, penny stocks have become an attractive investment vehicle for retail investors in 2020. It’s not uncommon for penny stocks to trade for less than $5 per share, making them a risky investment for many investors. In the first two weeks of 2021, retail broker eToro reported registering over 380,000 new users. This increase in the platform’s user base demonstrates the tremendous growth in the popularity of penny stocks. The small-cap Russell 3000 share index’s 10 best-performing stocks rose by about 75%. Insider Monkey highlights 10 penny stocks that pay dividends. United States Global Investors is a…