When Broadcom (NASDAQ: AVGO) released the results of its fiscal 2024 second quarter, ended May 5, the company delivered results that sailed past Wall Street’s expectations. More intriguing for shareholders, however, was another development. In conjunction with its financial report, Broadcom’s management revealed a 10-for-1 stock split. Since its announcement on Jun 12, shares have […]
Paul Tudor Jones is a billionaire investor, probably most famous for shorting the market before the 1987 stock market crash. In recent years, he traded more conservatively, but he remains an active investor. In his 13-F for the first quarter of 2024, Jones’s Tudor Investment Corp. revealed it had opened a position in memory chipmaker […]
Nvidia (NASDAQ: NVDA) recently made a big move that grabbed the investment community’s attention. The technology giant completed a 10-for-1 stock split last week, which lowered the price of each individual Nvidia share to about $120 from more than $1,200. This opened up the stock to a broader range of potential investors. This was a […]
David Tepper has never been averse to making big bets. Many of them have paid off handsomely and helped make him one of the wealthiest people on the planet. Tepper’s net worth of $20.6 billion landed him at No. 94 among Forbes‘ ranking of the world’s billionaires. The Appaloosa hedge fund manager isn’t one to […]
Many people follow billionaire hedge fund managers to get investing inspiration — and that makes sense. After all, those investors have turned their own funds into billions. The hedge funds they operate usually have high minimum investment requirements that pose an insurmountable barrier to entry for the average retail investor. But these funds have a […]
Enbridge (NYSE: ENB) made a bold strike last year. The Canadian pipeline and utility company agreed to acquire three natural gas utilities from Dominion for $14 billion. Enbridge’s CEO Greg Ebel stated at the time of the deal, “Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once-in-a-generation […]
When Nvidia (NASDAQ: NVDA) released the results of its fiscal 2025 first quarter (ended April 28), the company delivered record results that crushed Wall Street’s expectations. However, shareholders were more intrigued by another development. In conjunction with its earnings release, Nvidia’s management revealed a sizable 10-for-1 stock split. Since its announcement on May 22, shares […]
Bill Ackman is one of the highest-profile billionaire investors today. When he puts money to work, the market pays attention. Right now, he’s betting $1.4 billion — roughly 13% of his entire portfolio — on a single stock. This stock is unknown by most, and misunderstood by many. It takes a little digging into, but […]
The advent of the internet and smartphones has created a sizable opportunity for newer businesses to try to disrupt their respective industries. When it comes to financial services, SoFi Technologies (NASDAQ: SOFI) is one such company that’s finding success. But this fintech stock hasn’t been the best investment. Despite rising 51% since the start of […]
While chip designer Nvidia‘s shares have soared in recent times, chip giant Intel (NASDAQ: INTC) hasn’t fared so well. And much of this story has to do with artificial intelligence (AI). Nvidia has poured its resources into AI, and the company today dominates the AI chip market. Intel fell behind in the AI race, and […]
In the past five years, Chipotle has crushed it for shareholders, skyrocketing 340%. The Tex-Mex fast casual concept is still expanding rapidly, while posting incredible profitability. It makes sense that investors seeking the next big industry winner are now taking a closer look at Cava (NYSE: CAVA), a much smaller chain. This surging restaurant stock […]
With the Nasdaq Composite Index in record territory, you might be thinking that most stocks are also near their all-time highs. But this just isn’t the case. Take Shopify (NYSE: SHOP). As of May 15, the leading e-commerce platform’s shares are currently 65% below their peak, which was established in November 2021. It doesn’t help […]