At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]...
The Last Week In A Nutshell What Happened: The S&P 500 experienced its best quarter since 1998, adding 20%."A 20% quarterly gain is quite rare, but the catch is previous large quarterly gains have actually led to continued strength. In fact, a quarter later stocks have been higher the past eight times after gaining at least 15% during the previous quarter," LPL Financial Senior Market Strategist Ryan Detrick said in a statement. Remember This: While the risk of a national COVID-19 coronavirus resurgence remains, a more likely outcome is that localized outbreaks appear, suggested Brad McMillan, chief investment officer for Commonwealth Financial Network. Even if cases rise across the nation, most of the damage will be confined to a limited number of states, he said.As a result, without national lockdown measures, an economic recovery is likely to continue into next year, McMillan said. Pictured: profile chart of the S&P 500 E-mini...
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]...
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]...
It was a relatively quiet week ahead of the Fourth of July. Nonetheless, a handful of announcements had the cannabis markets buzzing.Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) plummeted after the company, focused on the development of cannabinoid-based therapies for rare and near-rare neuropsychiatric disorders, said its product cadidate, Zygel, did not meet the primary and secondary endpoints of a pivotal study dubbed CONNECT-FX that evaluated the safety and efficacy of the pipeline asset in Fragile X syndrome patients.Canadian cannabis producer Organigram Holdings (TSE: OGI) (NASDAQ: OGI) announced it would reduce its staff by 25%, firing 220 employees.In some positive news, Acreage Holdings Inc. (CSE: ACRG) (OTC: ACRGF) finalized the $10-million purchase of New Jersey's Compassionate Care Foundation Inc. (CCF).Lawn and garden care company Scotts Miracle-Gro (NYSE: SMG) (FRA: SCQA) announced it would launch a $50-million venture capital fund, 1868 Ventures. The fund will invest in early stage companies that align with its...
PG&E Corporation (NYSE:PCG) is an industry leader in arson and manslaughter. They also do something with electricity. PCG filed for bankruptcy in January of 2019 after they were unable to pay billions in claims. To call the bankruptcy process a klusterfuk, is generous to all involved. However, that’s all in the rearview mirror. A bunch of […]...
