YURI KADOBNOV / Getty Saudi Arabia’s sovereign wealth fund, which is one of the largest in the world, released investments it bought and sold in the second quarter in an SEC filing. The state-sponsored Public Investment Fund is abandoning its investments in major U.S. companies such as Boeing, Facebook, Marriott, …
Read More »Barrick Gold’s share grows after Buffett’s Berkshire public stake
Barrick Gold mining wool stone image | Getty Images Barrick Gold shares rose more than 7% in trading on Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner. Buffett’s Berkshire Hathaway added a $ 562 million position in Barrick Gold in the second quarter, …
Read More »Here’s why postponing the review of the US-China trade deal might not be a bad thing
Postponing the review of U.S.-China trade may not be a bad thing, an analyst said Monday. The two sides met on Saturday, but talks have been delayed due to conflict plans and the need to allow the Chinese time to buy US exports, Reuters reported, citing unnamed sources. No new …
Read More »Stock futures open higher than S&P 500 trying to build on last week’s gains and reach full time
Traders work during the closing clock on the New York Stock Exchange (NYSE) on March 17, 2020 on Wall Street in New York City. Johannes Eisele | AFP | Getty Images US activists picked up on Sunday night after Wall Street announced its third consecutive weekly bid, but fell short …
Read More »A Wall Street chief strategist says he is considering buying dirty cheap ‘powerful microcap’ shares, which have done even better than their big-cap peers since the coronavirus crash
Michael Nagle / Xinhua / Getty Images Microcap shares perform just as well as some investors’ favorite, but at much cheaper ratings, James Paulsen, chief investment strategist at The Leuthold Group, noted in a note. The “powerful microcaps” outperformed their tech peers and even the S&P 500’s Growth Index, despite …
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