The investor Alfred Winslow Jones is widely cited as creating the world's first hedge fund in 1949 by creating a market-neutral portfolio. The fund manager's aim was to reduce the risks of investing in the equity market by mitigating market risk (volatility) of the overall market and specific equity risk. Jones executed his strategy by […] Read More
BioNTech had a strong quarter despite slowing COVID sales. A robust pipeline makes it a takeover target for larger pharma companies. A share repurchase program should help support price action in 2023. 5 stocks we like better than BioNTech BioNTech (NASDAQ:BNTX) got a substantial boost from the pandemic and its mRNA vaccine, developed with Pfizer […] Read More
Gap shares are down 20% year-to-date and more than 70% from their post-Covid peak, but now offer a 6.8% forward dividend yield. Gap shares 'gapped down' on March 10th after the company reported disappointing fourth quarter results. Improving inventory levels and cost cutting have Gap entering fiscal 2023 on better footing even as its stock […] Read More
Shares of Sanofi were up 10.20% the week ended March 24, while Regeneron finished with a gain of 9.68%, following promising news about the company's jointly developed medication Dupixent. Clinical trial results showed the drug reduced severe flare-ups of COPD at a far better rate than a placebo. There are currently no equivalent treatments for […] Read More
With less than 2% Illumina stock stake, activist's claims get company pushback Illumina (NASDAQ:ILMN) is hitting back at activist investor Carl Icahn as the genome sequencing biotech firm disputed his inflamatory claims and rejected his proposed board nominations. Icahn, who owns a 1.4% stake in Illumina, began his latest proxy battle on March 13, criticizing […] Read More
A message from a reader… The new ChatGPT just came out… Will it be the nail in the coffin for thousands of colleges across America? Our Education System At least with healthcare, you get something for your money. College, on the other hand… A reader wrote me after I called healthcare "America's most broken industry." He […] Read More
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