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TipRanks
2 Monster Growth Stocks That Could Reach New Highs
Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can profit by taking past performance as one of many factors in evaluating a s
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Insider Monkey
10 Important Dividend Increases to Watch in August
In this article, we discuss 10 important dividend increases to watch in August. You can skip our detailed analysis of dividend stocks and their importance, and go directly to read 5 Important Dividend Increases to Watch in August. The global dividend payments suffered a lot in the face of the pandemic in 2020. According to […]
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Bloomberg
Buhari’s Exxon Sale Flip-Flop Risks Nigeria’s Oil Reform
(Bloomberg) — Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage investment in Africa’s largest oil producer in the wake of industry reform meant to grow the sector. A $1.28 billion bid by Lagos and London-listed Seplat Energy Plc for shares in Exxon’s local subsidiary was initially backed by Buhari despite opposition from the state-owned Nigeria National Petroleum Company, Exxon’s partner on the blocks with a total capacity of 95,000 ba
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GlobeNewswire
Cambridge Isotope Laboratories Appoints John Bakke as Vice President of Finance
John Bakke, VP of Finance John Bakke, VP of Finance TEWKSBURY, Mass., Aug. 15, 2022 (GLOBE NEWSWIRE) — Cambridge Isotope Laboratories, Inc., the world’s leading manufacturer of stable isotopes and stable isotope-labeled compounds, is pleased to announce the addition of John Bakke as Vice President of Finance. John reports directly to the CEO, Cliff Caldwell. John is a leader who brings over 30 years of public and private company experience in a wide range of finance and business functions withi
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TheStreet.com
Bearish Bets: 3 Stocks You Should Think About Shorting This Week
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet’s Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Warner Bros. Discovery Inc. recently was downgraded to Sell with a D rating by TheStreet’s Quant Ratings.
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Reuters
Third Point discloses stake of nearly $1 billion in Disney, pushes for changes
Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor Daniel Loeb, who runs Third Point, made a U-turn on Disney when he built a new stake in the second quarter, not long after exiting his position months earlier when fears about rising prices and faster interest rate hikes sparked a sharp market selloff. Now Third Point, owning roughly 0.4% of the company known for its theme parks and movies like “Aladdin” and “Frozen,” is back with praise for the company’s CEO, Robert Chapek, and a list of initiatives he and the board should pursue to boost growth.
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Barrons.com
Peak Inflation? Not So Fast.
It makes sense that investors would celebrate the easing of prices. But it may be too early to pop the Champagne.
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Reuters
Rouble falls past 61 vs dollar as conversion of depository receipts begins
MOSCOW (Reuters) -The rouble slid past 61 to the dollar on Monday as the conversion of depository receipts in Russian companies to local shares got underway, and as foreign investors from designated “friendly” countries were able to return to the bond market. Rouble volatility has declined recently after wild swings which saw it hit a record low of 121.53 to the dollar on the Moscow Exchange in March, days after Russia sent tens of thousands of troops into Ukraine on Feb. 24, and then rally to a seven-year peak of 50.01 in June. On stock markets, the dollar-denominated RTS index fell 1.4% to 1,100.2 points, while the rouble-based MOEX Russian index was flat at 2,147.6 points.
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Reuters
‘Big Short’ fund manager Burry dumps portfolio, buys prison stock
Scion Asset Management fund manager Michael Burry, who rose to fame with timely bets against housing ahead of the 2008 financial crisis, in the last quarter dumped a dozen bullish positions and replaced them with a new stake in prison company Geo Group Inc, according to filings released on Monday. Shares of Geo Group rose 12% on Monday, the largest one-day rally in the company since June 2021, according to Refinitv data. At current prices, Burry’s position is worth approximately $3.9 million.
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