One of the richest men in China has made a big bet on an icon of Europe’s automotive industry.
Li Shufu, the billionaire chairman of Chinese car maker Geely (GELYF), invested about $9 billion buying a stake of almost 10% in Daimler (DDAIF), making him the biggest single shareholder in the owner of Mercedes Benz.
Li, who’s estimated to be worth around $18 billion, has said he’s not interested in a takeover of Daimler. It’s unclear exactly what he’s after with such a big investment, but he dropped a big hint that the German company’s engineering....More>>>
&l;p&g;Don&a;rsquo;t let anybody fool you; retirement investing today is like rocket science. The days of picking your favorite company to invest in are long gone. In this market, success comes by optimizing your portfolio, so you receive all that you are entitled to and get the very best returns, along with managing risk, so you don&a;rsquo;t lose more than what is necessary when, not if, the market corrects or crashes again.
Larkspur, CA, based Investment company Park West Asset Management LLC buys eBay, Dell Technologies, Ellie Mae, Alliance Data Systems, Shutterfly, Nexstar Media Group, Marvell Technology Group, FirstCash, DaVita, Brunswick, sells Pandora Media, Service International, LendingClub, Tailored Brands, Stamps.com during the 3-months ended 2016-12-31, according to the most recent filings of the investment company, Park West Asset Management LLC. As of 2016-12-31, Park West Asset Management LLC owns 57 stocks with a total value of $1.3 billion. These are the details of the buys and sells.
Berkshire Hathaway Inc. (NYSE:BRK.A) had an impressive Monday as the company’s stock briefly topped the $300,000 mark before sliding back down a bit.
The stock’s recent surge could be at least partially related to the fact that the GOP tax plan looms on the horizon and such a large tax reform in the U.S. could reshape the face of certain major companies such as Warren Buffett’s hedge fund.
Top 10 Warren Buffett Stocks To Buy Right Now: Unifi, Inc.(UFI)
[By Lisa Levin]
Unifi, Inc. (NYSE: UFI) shares were also up, gaining 18....More>>>
Under Armour (NYSE:UA) (NYSE:UAA), Fitbit (NYSE:FIT), and GoPro (NASDAQ:GPRO) were all terrible stocks to own over the past year. Under Armour and Fitbit were both cut in half, and GoPro plummeted nearly 40%.
At first glance, Under Armour, Fitbit, and GoPro don’t have a lot in common, since they compete in different industries. But if we look just a little closer, we’ll notice that these three hated companies actually share four key weaknesses that won’t fade away anytime soon.
Shares of lithium mining stock Standard Lithium (NYSEMKT:SLI) jumped as much as 28.8% on Wednesday, recovering from a big decline yesterday. At 3:20 p.m. EDT shares were still up 18.5% for the day, but are down slightly over the past week. And given everything going on in the lithium market the
Green energy stocks haven't always performed as well as expected. Even with years of growing adoption of solar, wind, hydroelectric and other clean sources of power generation, investing in the underlying renewable energy companies has often been a roller-coaster ri