Friday’s tech rally may have set up stocks for more gains in the week ahead, although the market could be tugged at by geopolitical concerns, like trade war talk and Iran.
Technology was up 2 percent Friday and 3.2 percent for the week in its first positive week in three. Apple led the charge, bouncing to a record high after Warren Buffett revealed to CNBC that he bought 75 million shares in the first quarter.
The bellwether tech name had been a disappointing laggard at the start of the week but after an earnings beat, a bigger stock buyback program and the Buffett news,....More>>>
Akorn Inc. (NASDAQ: AKRX) saw its shares crater on Tuesday after some doubts were cast on its potential acquisition by German health care group Fresnius. This isnt the first time that Akorn has faced concerns regarding its security, but this could be the costliest.
Essentially, Fresenius is conducting an independent investigation into alleged breaches at Akorn. These breaches have to deal with FDA data integrity requirements in regards to product development.
According to Fresenius:
The Management and Supervisory Boards of Fresenius will assess the findings of that investigation.....More>>>
Chicago Equity Partners LLC raised its holdings in Emergent BioSolutions (NYSE:EBS) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,560 shares of the biopharmaceutical company’s stock after purchasing an additional 6,070 shares during the quarter. Chicago Equity Partners LLC owned 0.23% of Emergent BioSolutions worth $6,084,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of EBS. Goldman Sachs Group Inc. boosted its holdings in Emergent....More>>>
Related GLD Gold Futures Lower In Wild Session Gold Falls Out Of Bed In After-Hours Trading Correlation And Likely Trend For Gold And Silver (Seeking Alpha)
June Gold futures are trading lower by $16.60 at $1233.70 In Friday's session. It has been a volatile week for the metal as investors try to decide to determine its next move.
After starting the week at $1234.60, it traded down to $1229 on Tuesday before ending that session at $1254.30. The crazy price action came on Thursday,....More>>>
It’s no wonder Warren Buffett loves bank stocks.
The legendary billionaire investor has more than 30% of his $170 billion portfolio at Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK.B) dedicated to this one industry.
The reason why is simple: Bank stocks possess many of the important Buffett must-haves to be considered for his portfolio. First, banking institutions serve an important societal need that will never go away. Second, banking business models are relatively simple to understand, a key requirement of Buffett’s investing philosophy. Third, despite the health of....More>>>