Were Hedge Funds Right About Piling Into Sea Limited (SE)?

Boeing 737 MAX begins key certification test flights

A Boeing Co 737 MAX took off on Monday at 12:55 p.m. EDT (0955 PDT/1655 GMT) from a Seattle-area airport on the first day of certification flight testing with U.S. Federal Aviation Administration and company test pilots, a crucial moment in the planemaker's worst-ever crisis. Boeing Flight 701 departed King County International Airport, which is also known as Boeing Field, the FAA confirmed, saying it will conduct three days of tests. The plane is scheduled to land two hours later at Moses Lake airport, according to flight tracking website FlightAware....

Tesla-Heavy $4.6 Billion Actively Managed ETF Has Record Inflows

(Bloomberg) -- A $4.6 billion exchange-traded fund that has Tesla Inc. as its biggest holding posted the best week of inflows on record.Traders put almost $180 million into the Ark Innovation ETF (ARKK) in the five-day period ended Friday, the most since it began trading in 2014, according to data compiled by Bloomberg. That was the actively managed fund’s 17th straight week of inflows. The electric-car maker has more than doubled to around $990 this year.Investors have poured into the fund looking to bet on companies that may deliver a breakthrough technology that reshapes the world. The ETF, which has taken in $1.7 billion in 2020, has rallied almost 40% in the span -- compared with a 6% drop for the S&P 500.It’s also actively managed, which appeals to those looking for help navigating the markets during the pandemic. So far this year, 46% of active equity ETFs are beating their...

Novavax Stock Is on Its Way to Break Through the $100 Mark, Says 5-Star Analyst

There is simply no other way to describe the rise of Novavax (NVAX) as anything other than phenomenal. Shares of the vaccine specialist are up by 1,844% year-to-date and we are not even at the halfway point. As the last week has made clear, COVID-19 is not about to disappear anytime soon. With Novavax firmly in the mix among those hoping to bring a solution to market, can the biotech replicate 1H20’s performance in the latter half of the year?That’s a big ask, although B Riley FBR analyst Mayank Mamtani expects Novavax to keep up the momentum.Pointing out several catalysts for further upside, the 5-star analyst notes “Increasing visibility on (1) outlook of global pandemic in 2H20 and its implication to pace of licensure-enabling symptomatic disease prevention trials, (2) emerging policy framework to vaccine uptake including a potential state imposed mandate, as published in recent NEJM Perspective piece, and (3) infrastructure...

Why Is Everyone Talking About NVIDIA (NVDA) Stock?

If you are looking for the best ideas for your portfolio you may want to consider some of Wedgewood Partners top stock picks. Wedgewood Partners, an investment management firm, is bullish on Nvidia Corp (NASDAQ:NVDA) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […]...