Does Billionaire Philippe Laffont Know Something Wall Street Doesn't? His Hedge Fund Is Backing a Stock That Jumped 211% in Just 5 Days.
Philippe Laffont’s hedge fund, Coatue Management, owns shares of Beyond Meat.
Hedge funds are some of the most fascinating institutions on Wall Street. One firm that I analyze closely is Coatue Management, founded by billionaire investor Philippe Laffont. Coatue is primarily known to invest in growth stocks, particularly in the technology and healthcare sectors.
At least 10 Japan firms interested in investing in US under trade deal
Japan and the United States say at least 10 Japanese companies are interested in launching projects in the US under a bilateral deal reached earlier this year.
The two governments on Tuesday released a fact sheet listing the value of investments and revenue in the projects at roughly 400 billion dollars in total.
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Read MoreCarvana Stock Is Climbing. Time to Buy Into the Hype Ahead of Wednesday's Earnings Report?
Key Points
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Carvana will publish its Q3 results after Wednesday’s market close, and the stock could make big moves.
ZMX signs MoU with the Lagos Commodities and Futures Exchange
Zimbabwe Mercantile Exchange (ZMX) chief executive officer Collen Tapfumaneyi
THE Zimbabwe Mercantile Exchange (ZMX) and the Lagos Commodities and Futures Exchange (LCFE) have signed a memorandum of understanding (MoU) for structured, transparent and technology-driven commodity trading between Nigeria and Zimbabwe.
The virtual signing ceremony, which took place last Friday,
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Read MoreAnalyst Explains Why He’s Bullish on Starbucks (SBUX), Says CEO Brian Niccol’s Plan is Working
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
AI is eating the world—and the machines behind it are ravenous.
Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.
Read MoreThe Burst
How To Trade The Crashing Markets
Lots of finger-pointing has taken place. Was it Buffett selling Apple? The jobs report? The unwind of the Japanese carry trade, which is essentially nothing more than borrowing at low rates in Japan and investing at higher yields in the US. Or was it the re-pricing from inflation concerns to recession worries?
Regardless,
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Read MoreThe Ivy
Up 10x Is Palantir Still a Deal?
Palantir Technologies (NASDAQ:PLTR) has been one of the undisputed victors in the AI boom and has defined the stock market for the past two years.
In the last 12 months alone, PLTR shares are up more than 350% on the back of rapid growth in the commercial business and tremendous investor enthusiasm for AI applications in the corporate world.
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Read MoreThe Spotlight
Market Commentary: Stock You Know Well Has 38.6% Upside
Billionaires like Buffett claim the headlines but Jeffrey C Smith has grown in prominence to build over $5 billion in assets under management. Remarkably, his largest position commands a 14.7% stake in his portfolio, and he’s allocated it to a well-known stock that appears significantly undervalued: GoDaddy. What’s the bull case for his purchase?