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 MoreNew IRS Rule Changes How You Can Save for Retirement: What High Earners Need To Know
In September, the IRS finalized a rule that changes how high-income workers ages 50 and older can make catch-up contributions to their 401(k) and similar workplace plans.
The Burst
37.2% Upside On Secretive Singapore Stock
Ivy Investment Alert: Buy FLEX Under $21.50/share (Sell: $29.50 per share)
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Key Points
- Flex is a Singapore-based design,
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Wild West Standoff Set To Hit Stock Market
A wild west standoff is taking place right now in the housing market. Take southeast Florida as a prime example of the divide between buyers and sellers. In upscale Boca Raton, the median price of homes sold in many communities sits far below the listing prices of homes on sale.
Yet sellers are standing firm on price,
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