Big hedge fund managers such as David Einhorn and Bill Ackman get much of the attention, but there are under-the-radar stars that are performing even better. Who are these top stock pickers and what stocks are they buying? CNBC used Symmetric.io, a hedge fund tracking firm, to find the best under-the-radar managers and which stocks […]
Read moreWarren Buffett’s Berkshire Hathaway invested more money in financial stocks. Berkshire Hathaway reported a 17.5 million share stake in Synchrony Financial in its June quarter 13F filing revealed Monday. The position is worth nearly $520 million using Monday’s closing stock price. Synchrony shares rose over 4 percent midday Tuesday after the news. Synchrony is the […]
Read moreHedge fund honcho David Tepper is rejecting arguments that stocks are overvalued and believes there are still plenty of opportunities in the market. The head of Appaloosa Management, a long-time bull, said the latest leg up for the market has not changed his position. “Any comparisons to past overheated markets are ridiculous,” he told CNBC’s […]
Read moreClosely followed strategists Bob Doll and James Paulsen agreed Tuesday that sentiment surrounding the U.S. market remains skeptical. They spoke after U.S. stocks opened higher Tuesday as investors breathed a sigh of relief after it appeared tensions between the U.S. and North Korean would ease. In an appearance on CNBC’s “Squawk on the Street,” Paulsen […]
Read moreThe “Fast Money” traders shared their moves for the first hours of the trading day. Pete Najarian was a buyer of Nvidia. Karen Finerman was a buyer of Bank of America. Tim Seymour was a buyer of Citigroup. Guy Adami was a buyer of Micron Technology. Trader disclosure: On August 14, 2017, the following stocks […]
Read moreProfessional investors see the stock market higher than it should be and likely to lose one of its key supports, according to a closely watched sentiment gauge. A net 46 percent of respondents to the latest Bank of America Merrill Lynch Fund Manager Survey consider stocks “overvalued,” the biggest gap ever recorded. At the same […]
Read moreAfter several months of rising markets, it seems investors may finally be starting to get nervous about the future. Over the last several weeks, billions of dollars have flowed in money-market funds, with net inflows totaling $30.9 billion for the week ending Aug. 9, according to Lipper Fund Research. In the two weeks prior, net […]
Read moreIt appears anxiety over the North Korea nuclear missile threat is getting flushed out of the stock market. The market made a solid comeback on Monday, after the war fears that dragged down stocks last week subsided. But Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, doesn’t want investors to […]
Read moreDick’s Sporting Goods shares plummeted nearly 16 percent after the sporting goods retailer missed Wall Street expectations and lowered its outlook for the year. In the latest quarter, Dick’s said net income rose to $112.4 million, or $1.03 a share, from $91.4 million, or 82 cents a share, a year ago. On an adjusted basis, […]
Read moreCheck out which companies are making headlines before the bell: Home Depot – The home improvement retailer earned $2.25 per share for the second quarter, three cents a share above estimates. Revenue beat forecasts, as well. Comparable-store sales rose 6.3 percent globally, beating the 4.9 percent Thomson Reuters consensus estimate. Home Depot also raised its […]
Read more