AQR Capital Management’s Cliff Asness has launched a healthy discussion about the trials and tribulations of factor timing with a new essay (“The Siren Song of Factor Timing”). He’s recommends that investors steer clear, which is good advice because the crowd’s record, in the aggregate, to successfully engage in market-timing activities generally is overwhelmingly poor.....More>>>
10 Dumbest States for Financial Literacy: 2017
DOL Fiduciary Rule Winners and Losers
5 Long-Term Care Hybrid Perspectives
The New York Times investigative reporter Charles Duhigg, a Pulitzer Prize winner for his series on Apple, “The iEconomy,” knows more than a thing or two about being sharply focused and super-productive. He shares these in an interview with....More>>>
Fidelity is home to some of the greatest stock fund managers of all time. At the top of the list is Peter Lynch, who during his tenure at Fidelity Magellan from 1977 to 1990 delivered a 29.1% annualized return. He beat out all other stock funds and bested Standard & Poors 500-stock index by an average of 13.5 percentage points per year. Since then, other stars have shone brightly, including....More>>>
Vertex Pharmaceuticals (VRTX) soared to the top of the S&P 500 today after a successful drug trial.
Vertex Pharmaceuticalsgained 20% to $108.01 today, while the S&P 500 ticked up 0.1% to 2,361.13.
Morgan Stanley’s Matthew Harrison and team write that the data on Vertex’s cystic fibrosis treatment was “as good as we could have hoped.”....More>>>
As per Statista’s dataset, more than 80% of Take-Two Interactive’s (TTWO) revenue still comes from console games. However, the purchase of Social Point says Take-Two’s management is trying hard to diversify to mobile. The $250 million acquisition of Social Point is an attempt to get a larger share in the $46.1 billion/year mobile games industry.
Newzoo expects mobile gaming....More>>>
On Friday, four out of ten of the worst performing small cap stocks had double digit losses due to announcing public stock offerings:
Medical device stock Transenterix Inc (NYSEMKT: TRXC) sank 40.37% after announcing a $24.9 million offeringand the pricing of its public offering of units, each consisting of one share of the Companys common stock, one Series A warrant to purchase one share....More>>>
Related HTGM 20 Biggest Mid-Day Losers For Thursday 25 Stocks Moving In Thursday's Pre-Market Session HTG Molecular Diagnostics Obtains CE Mark for its HTG EdgeSeq ALKPlus Assay EU (GuruFocus) Related SSH 15 Biggest Mid-Day Gainers For Wednesday 12 Biggest Mid-Day Losers For Tuesday ....More>>>
Big banks have gotten a boost today from JPMorgan Chase’s (JPM) dividend increase, and the hawkish Fed minutes, because higher rates are still expected to help banks out despite what happened last time. In a note previewing Wells Fargo’s (WFC) investor day on May 24, Jefferies analyst Ken Usdin and team write that “higher rates help, but other items weigh on longer-term net-interest-margin....More>>>