Author: Press Room
This article is part of a series that provides an ongoing analysis of the changes made to Duquesne Family Office’s 13F stock portfolio on a quarterly basis. It is based on Stanley Druckenmiller’s regulatory 13F Form filed on 08/14/2024. The 13F portfolio value decreased from $4.39B to $2.92B this quarter. The holdings are concentrated, with recent 13F reports showing around 75 positions, many of which are very small. There are 30 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The largest five stakes are Coherent, Coupang, Vistra Corp,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Hungarian train consortium backed by prime minister Viktor Orbán is withdrawing its takeover bid for a Spanish train maker after Madrid blocked the transaction on national security grounds, according to people close to the bidder.Two days after Spain vetoed the €600mn offer for train maker Talgo by the Ganz-Mavag consortium, the Hungarian group decided on Thursday to take it off the table while it pursues legal action against Madrid’s decision.But the people close to the consortium stressed that it wanted to…
Former President Donald Trump announced he would implement a policy that would pay for in vitro fertilization treatments, should he be elected in 2024. Former Trump White House communications director Alyssa Farah Griffin and former Trump administration official Matt Mowers weigh in. Read the full article here
“I don’t want to be a burden on my children when I’m old.” This statement is one I consistently hear expressed by older people from all walks of life. While it’s natural and noble to be worried about how you might disrupt your children’s lives as you age, “worrying” isn’t a strategy! Instead, use any worries you might feel as motivation to take steps now to plan for the time you’ll likely be frail. I say “likely” because unfortunately, it’s not really a matter of if you’ll become frail; most retirees will experience some degree of physical or mental decline…
The housing affordability crisis is hitting swing states hard. These battleground states, which could potentially be won by either candidate, are especially focused on the issue of affordability in the upcoming election. About nine in 10 adult Gen Zers reported housing affordability is important when deciding who to vote for, Realtor.com found. Housing payments in swing states have nearly doubled since the last election, rising by 92% to $2,161, on average. Rising home prices and mortgage rates have largely contributed to this jump in ownership costs. The average sales price in swing states increased by about 40% since 2020, and…
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47.Here’s how company did in its fiscal second quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG,…
Ulta Beauty shares fell 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.It was the company’s first earnings per share miss since May 2020 and first revenue miss since December 2020.Comparable sales for the second quarter fell 1.2%, compared with an 8% increase a year earlier and well below the 1.2% growth that Wall Street analysts had expected, according to StreetAccount.”While we are encouraged by many positive indicators across our business, our second quarter performance did not meet our expectations,…
ABC News intends to mute the microphones of Donald Trump and Kamala Harris while their opponent speaks during an upcoming presidential debate, according to a copy of the formal rules obtained by CNN, but the Harris campaign is continuing to push back on the final sticking point. “Candidate microphones will be live only for the candidate whose turn it is to speak, and muted when time belongs to another candidate,” ABC stated in the debate rules sent to the campaigns on Tuesday. While the Trump campaign has accepted the rules governing the Sep. 10 matchup, Harris’ campaign said it remains in…
This article was written byFollowSeeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team Read the full article here
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia’s revenue more than doubled in the past quarter to continue its run of blockbuster growth, but its shares fell as the US chipmaker failed to top the highest expectations for what has become one of Wall Street’s most closely watched companies.The Silicon Valley-based company sought to reassure investors that it would see “several billion dollars” in revenue this fiscal year from the next generation of its powerful artificial intelligence chips, despite hitting production problems. Nonetheless, Nvidia’s outlook for the current quarter…
