Wynn Resorts (NASDAQ:WYNN) (+98%, +4.21%, +14%, +0.44%), the U.S. and Macau gaming company, was the largest contributor to the Fund’s 2017 performance with strong earnings growth in Macau and Las Vegas. Industry gross gaming revenues (GGR) in Macau accelerated in the second half of 2017 well beyond full year GGR growth expectations. With major infrastructure projects moving closer to completion,....More>>>
Warren Buffett’s Berkshire Hathaway has rapidly grown its Apple investment. So what draws the Oracle of Omaha to this tech giant, a sector he has avoided for so many years?
Warren Buffett, the sage of Omaha, as he is lovingly called, had for long chosen to stay out of the world of multi-bagger tech stocks. However, the recent entry into Apple (NASDAQ:AAPL) has....More>>>
After positive mid-stage trial data suggested earlier this year that it might be able to reshape the treatment of kidney failure in lupus patients, Aurinia Pharmaceuticals (NASDAQ:AUPH)has announced plans for a late-stage study that could eventually allow it to win regulatory OKs in the U.S., Europe, and Japan.
What’s going on
Aurinia Pharmaceuticals is working on voclosporin,....More>>>
The stock market’s post-election euphoria has subsided a bit. But the Dow is still trading above 19,000 — which means it is less than 5% away from topping the much sexier psychological milestone of 20,000 for the first time ever.
Will the Dow get past 20K anytime soon? Or will the Trump bump on Wall Street be replaced by the Trump slump?
Investors seem to be waiting....More>>>
March 8, 2017: Markets opened slightly higher Wednesday following the ADP report of a rise of 298,000 jobs last month. If Friday’s federal report on jobs is near that level, an interest rate high becomes a near certainty next week. A massive increase in the U.S. inventory of crude oil sent prices plummeting and left the energy sector as the day’s big loser. WTI crude oil for April delivery....More>>>
On Wednesday, our Elite Opportunity Pronewsletter suggestedmid cap cyber security solutions stock Fortinet Inc (NASDAQ: FTNT) as a new long term idea because:
we believe to be undervalued around current levels. And, with Trump having made cyber security a major focal point of his recent press conference, we’re convinced this is one space that has yet to really heat up under the new....More>>>
The ECB just announced a further reduction in interest rates, extended its QE program by increasing the rate at which buys assets, beefed up the TLTRO program and extended its horizon. It all sounds like good news and many of these actions had been expected in the last meeting of 2015 and they did not happen. Markets reacted very positively on announcement but later, after the press conference,....More>>>
After successive waves of indiscriminate selling and buying, the easy money has been made in midstream master limited partnerships (MLP). Going forward, investors must have a firm grasp on underlying fundamentals to achieve differentiated returns.
Midstream operators continue to face operational headwinds, including volumetric declines in some basins, the general lull in demand for incremental....More>>>
Alaska Airlines (NYSE:ALK) on April 4, 2016, officially announced the acquisition of Virgin America (NASDAQ:VA) for $57.00/share in an all-cash offer. At that time, the companies reported that the deal was expected to close by January 1, 2017.
From April 4, 2016 until September 21, 2016, Virgin America’s stock traded in the $55-$56/share range, at a slight discount to the offer of $57/share.....More>>>
Vuzix Corporation (NASDAQ:VUZI) is a company trying to unlock the elusive potential of virtual and augmented reality (VR, AR). The management behind VUZI has been involved within the industry for some time (see this video about CEO’s previous company from 1995), but has yet to manufacture a product that would be commercially successful i.e. generate enough....More>>>