2011 Jeffrey Gundlech Co-Founder and Chief Executive Officer and Chief Investment Officer of Doubleline speaks at the 16th Annual Sohan Investment Conference in New York on May 25, 2011. Reuters / Jessica Rinaldi Billionaire investor Jeff Gundlach, known as the “Bond King”, predicted in a RealVision interview published on Friday …
Read More »U.S. stocks appear third largest outflow in history as investors flee technology
Lucas Jackson / Reuters Bank of America on Friday said it would provide details of the inflow of funds into and out of the key-market sector, Bank of America said on Friday. Bank of America said U.S. stocks faced their third-largest fund inflow, with investors pulling .8 25.8 billion from …
Read More »SPI Energy has accounted for 4,300% since announcing the launch of the EV business
Draw Anger / Getty Images Shares of SPI Energy rose 345 %% on Wednesday after the solar company announced the start of an electric vehicle business. The EV business “will focus on the design and development of new EV technologies and plans to partner with larger manufacturers as needed,” a …
Read More »‘Port’s Momentum’ could drive Penn National 25% more, Steiffel says
Getty Images / Cliff Hawkins Shares of Penn National Gaming are poised to benefit from “Port’s Momentum Trade” as the sportfit-betting pride expands into the fall football season, Stiffle said Wednesday. With the recent launch of the Barstall Sportsbook app, other sports betting ‘announcements’ have also been made, so the …
Read More »Buffett-backed cloud Unicorn’s snowflake mesh record 3. 3.4 billion record-breaking software in IPO
Snowflake, backed by billionaire investors, said it would raise $ 3.4 billion in the largest software IPO ever, valued at $ 33 billion. The cloud-data platform will sell 28 million shares of one million 120 million pieces. Snowflake plans to list on the New York Stock Exchange under the ticker …
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