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Charles Pompilius
The U.S. stock market attempted to break out of its trading range last week, but it was a false breakout. Here's what to watch now. The S&P 500 attempted to break above its 2,100 resistance level last week, but that breakout was thwarted in the past few days when the index sliced back below this level. S&P 500 is back in its trading range between its recent highs and recent lows. This range needs to be broken. Dow is in a ...
Below are five stocks owned by billionaire investors, each of which the investor involved has projected to double in price, or better: 1) Hertz (HTZ) - Billionaire Barry Rosenstein, head of the activist hedge fund Jana Partners, recently said at an investing conference that he believes Hertz shares could triple in price. Rosenstein said Hertz could buy back as much as 20 percent of its shares, which would double earnings per share and cause ...
An interview with Arun Daniel, JOHCM US Small Mid Cap Equity strategy Forbes: You said that J O Hambro places particular emphasis on fund managers investing in their own funds. Why is that? Daniel: Yes, our fund managers typically have significant holdings in the funds that they manage. The aim is that our goals are aligned with those of the investors in our funds. Forbes: So why U.S. small and mid caps? ...
Li Hejun has emerged as China’s richest man by virtue of his controlling ownership in Hanergy Thin Film Power Group, the publicly-listed and thinly traded unit of Hanergy Group. Hanergy Thin Film Power Group’s stock has increased by more than 400% in the last year even though it’s a solar company that produces a technology that currently makes up a small portion of the overall solar power industry and sells most of what it manufactures ...