Author: therawinformant

Activist guru expands stake in restaurant company that appears to be thriving despite coronavirus woes Continue reading…

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Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

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Optimal Capital Director of Strategy Frances Newton Stacy joins Yahoo Finance’s Kristin Myers to discuss the outlook for the U.S. economy amid disappointing economic data and civil unrest.

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Pilgrim’s Pride CEO and 3 other chicken producer executives have been indicted over allegations of price-fixing. Yahoo Finance’s Heidi Chung joins Zack Guzman to discuss.

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(Bloomberg) — Private-equity firms notched a major win in Washington with the Trump administration paving the way for the industry to tap a massive pot of money that has long been off limits: the trillions of dollars held in Americans’ retirement accounts.The Labor Department issued guidance Wednesday effectively allowing 401(k) plans to invest in buyout firms. The agency said the move will bolster investment options for consumers and let them access an asset class that can provide better returns than stocks and bonds.In a statement, Labor Secretary Eugene Scalia said the action “will help Americans saving for retirement gain access to alternative investments that often provide strong returns.”The announcement is a significant deregulatory decision that private-equity lobbyists have sought for years. It is sure to face harsh criticism from consumer groups and progressive Democratic lawmakers, who argue that high-fee private equity firms are inappropriate for unsophisticated investors because the industry locks up clients’ money for years and backs businesses seen as far more risky than a plain-vanilla bond fund.Deregulatory AgendaPublic pension funds that manage employees’ retirement savings have a long history of investing in private equity. But complex regulations and concerns about being sued have until now kept individuals’ 401(k) plans out. The private-equity industry has ramped up its campaign to change the rules during the Trump administration, which has made cutting back regulations a core element of its economic platform.Labor’s guidance was focused on professionally managed investment funds that include several types of assets. The agency said it wasn’t green-lighting private equity investments to be offered as a standalone option.The announcement was praised by Securities and Exchange Commission Chairman Jay Clayton, whose agency has been considering ways to let retail investors access asset classes that have been largely reserved for the wealthy.Under current SEC regulations, firms such as Apollo Global Management Inc., Blackstone Group Inc., Carlyle Group Inc. and KKR & Co. are mostly limited to raising money from the super rich, sovereign wealth funds and pension funds.Democratizing InvestmentsGroom Law Group principal David Levine, whose firm requested the Labor Department guidance on behalf of its clients, said the move would have a notable impact on workers saving for retirement.“By issuing the guidance, the Department of Labor has taken great steps to democratize the use of private equity in many Americans’ largest investment asset — their retirement accounts,” he said.(Updates with details on scope of guidance in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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Without a doubt, Inovio Pharmaceuticals (INO) is one of the year’s success stories. Heading into 2020, INO shares were going for $3.30 apiece. The stock is now priced at $13.30, an increase of a hefty 303%.As for how the biotech accumulated such impressive gains, the company has positioned itself as one to watch with its COVID-19 DNA vaccine candidate, INO-4800.However, even as investors’ optimism surges, some remain more skeptical. Among the skeptics is RBC Capital analyst Gregory Renza.The 5-star analyst rates INO shares a Sector Perform (i.e. Hold) along with a $10 price target. In other words, Renza expects shares to come down by a considerable 25% over the next year. (To watch Renza’s track record, click here)That’s not to say Renza thinks Inovio is doing anything particularly wrong. The promising preclinical data for the biotech’s COVID-19 DNA vaccine candidate, and overall progress – INO-4800 is currently in a Phase 1 trial with interim data expected in June and initiation of a larger Phase 2/3 trial expected in the summer – has impressed Renza. That being said, the analyst remains apprehensive when considering Inovio’s chances of bringing a viable solution to market.Renza said, “We are encouraged by the swift progress of the program, and increased our PoS (probability of success) for the accelerated development timeline scenario to 70% (from 50%) though we maintain our 25% level of ultimate success, and continue to monitor the development of the INO-4800 story and larger landscape.”Furthermore, after speaking to key opinion leaders (KOLs), Renza is concerned with another issue. Although encouraged by the early data, the KOLs have expressed doubt regarding the 12-18 month timeline for the vaccine, as more data will be required to “understand the protection levels of immune responses and the physiology of the responses.” Additionally, as highlighted by one KOL, the 12-18-month timeline “could be deemed aggressive, and can only be achieved if 'everything goes well’.”Overall, Renza’s colleagues take a more positive view. The consensus breakdown of 5 Buys and 3 Holds coalesce into a Moderate Buy consensus rating. With an average price target of $16.71, the analysts forecast possible upside of 27% over the next 12 months. (See Inovio stock analysis on TipRanks)To find good ideas for healthcare stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

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New data suggests life is getting back to some form of normal after the worst of the COVID-19 pandemic.

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In this article we will take a look at whether hedge funds think Euronav NV (NYSE:EURN) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]

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