November 11, 2016 9:16 pm

Sears Shares Are Spiking After It Says It’s Considering Spinning Off Lands’ End (SHLD)

Shares of Sears Holdings are ripping with the stock last trading up about 10%.   The retailer put out a press release this morning detailing plans to transform the business. Sears says that it’s considering spinning off its Lands’ End business and Sears Auto Center business.   Here’s an excerpt from the release:  We are […]

American Companies Have Basically Been Asking For Activist Hedge Funds To Take Their Money

The rise of activist hedge funds in the last few years has American companies looking over their shoulders to see if an investor boogie man is following somewhere close behind. It’s scary, but here’s the thing - American companies brought it on themselves. Looking back, it made sense that companies were afraid to use their […]

CARL ICAHN: Apple’s Size Doesn’t Matter — Tsarist Russia Was Huge Too

This morning Carl Icahn demanded that Apple commence buying back $150 billion worth of stock immediately at $525, this afternoon he was on CNBC’s Halftime Report talking about his letter to Apple CEO Tim Cook. Icahn told host Scott Wapner that he thinks Apple’s stock would still be attractive at $550 or $575, but he […]

WATCH: Jim Chanos Blows A Hand Of Poker And David Einhorn Gets Nasty At The Table

Tonight at 9:00 p.m., Bloomberg TV airs a secret charity poker game between six of the biggest hedge fund managers in the game, and one takeaway is - everyone’s a loser sometimes, even billionaires. Take the clip below, for instance. Legendary short seller Jim Chanos blows his hand while David Einhorn - normally an even-tempered […]

REPORT: SAC Capital Is Going To Shut Down Its London Office

Bloomberg News reports that Stamford, Connecticut headquartered SAC Capital Advisors plans to shut down its London office by the end of this year.  A bunch of portfolio managers in SAC’s London unit, SAC Global Investors, have already left the office located at St. Martins Court on 10 Paternoster Row.  Back in July, SAC, which is run by […]

Some Of Wall Street’s Brightest Investors Are Betting On Diddy’s New Cable Channel

Highbridge Capital’s private investment platform has become a minority partner in entertainment mogul Sean “Diddy” Combs’ latest venture to launch a music cable channel, according to the Wall Street Journal.  From the WSJ:  Mr. Combs is putting up much of the money for Revolt TV, but has a minority partner in a fund managed by Highbridge […]

REPORT: SAC Capital Will Pay Over $1 Billion As Insider Trading Penalty

The WSJ tweeted earlier that prosecutors are coming to angreement with SAC Capital over insider trading criminal charges. Remember - SAC already paid a $616 million civil fine. U.S. prosecutors and SAC Capital agree in principle on insider-trading penalty exceeding $1billion. http://t.co/hNaBnT26jX - WSJ Breaking News (@WSJbreakingnews) October 17, 2013 More specifically, the settlement should […]

David Einhorn’s Hedge Fund Had A Jelly Donut Party After Bernanke Announced There Would Be No Taper

Hedge fund manager David Einhorn has been an outspoken critic of “QE-infinity,” as some call it - the seemingly unending Fed policy of buying $85 billion worth of bonds every month. He even wrote a Huffington Post column about it last year called  ‘The Fed’s Jelly Donut Policy” where he equated the Fed’s policy with Homer Simpson’s addiction […]

Hedge Funds Are Shorting The Market Now More Than They Have All Year

According to reporting by Bloomberg, bearish bets by hedge funds have reached their highest level of the year.  After being squeezed on their shorts over the past four years as equities rallied, a potential crash this time could prove more profitable for hedge funds as “growth prospects are lower and valuations are higher.” The price-earnings ratio for […]

Meet The 17-Year-Old Trader Who Knows Global Macro Markets Like A Veteran

Seventeen year-old Canadian high school student Julian Marchese bought his first stock when he was only eight years-old.  These days he’s passionate about global macro trading and he’s garnering attention in the space from more seasoned macro traders.  “The breadth and depth of Julian’s market knowledge is that of a seasoned macro trader. The young […]

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