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DAILY COVER

Meet Ramzi Musallam, Wall Street's Top-Secret Billionaire Investor

For most financiers, “government” is a four-letter word. But private equity billionaire Ramzi Musallam has turned tragedy into a Forbes 400 fortune by distilling the motivations of the largest player in the global economy.

More from Markets

14 hours ago

The Latest Jack Ma ‘Sighting’ – Is It For Real?

Jack Ma has become a string-puppet in Beijing's psychological campaign against the tech sector. The pattern of "Jack-sightings" is random, absurd, uncorroborated, unconvincing, shamelessly so. It is in fact designed to be that way – to underscore the very arbitrariness of Beijing's arbitrary power.
17 hours ago

Vodafone Group Enters Oversold Territory

But making Vodafone Group an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of VOD entered into oversold territory, changing hands as low as $15.13 per share.
17 hours ago

Housing Stocks Are Worth A Look Despite Mixed Building Data

Our theme of Housing Stocks which includes the stocks of home builders, building products companies, and home improvement companies, continues to outperform rising by about 20% year-to-date, well ahead of the S&P 500 which has gained about 16% over the same period. However, the theme is down by...
18 hours ago

What’s Happening With Axsome Therapeutics Stock?

Last month we discussed that Axsome Therapeutics stock is likely to continue to see higher levels after it rose 6% in a week following the U.S. FDA’s acceptance of a new drug application for the company’s migraine drug - AXS-07. AXSM stock has since then rallied 27% to levels of nearly $38 now...
18 hours ago

State Street Stock To Beat Consensus In Q3?

State Street (NYSE: STT) is scheduled to report its fiscal Q3 2021 results on Monday, October 18. We expect State Street to top the earnings and revenue expectations. The custody banking giant surpassed the consensus estimates in the last quarter, with revenues increasing by 3% y-o-y to $3 billion..
18 hours ago

Is Bed Bath & Beyond Stock A Buy?

Bed Bath & Beyond released its Q2 report, wherein revenues came in 4% below our estimates, and earnings per share came in negative as compared to our expectations of 52 cents. The company’s revenues declined a large 26% year-over-year (y-o-y) to $2 billion, missing the company’s guidance range of...
19 hours ago

PepsiCo’s 2021 Outlook Upgraded: Impact On Stock?

PepsiCo stock is up 2% in just the last one week, outperforming the S&P 500 which was flat. If you look at the change over the last ten days and one month, the stock has returned 3.7% and 2%, thus having outperformed the market on both occasions. PEP stock was up in the last week following an...
19 hours ago

What’s Next For Sarepta Stock After A 12% Fall?

The stock price of Sarepta Therapeutics, a biotech company focused on the discovery and development of RNA-targeted therapeutics and gene therapy for the treatment of rare diseases, plunged 12% yesterday, while it is down 14% in the last five trading days. In comparison, the broader S&P500 index...
19 hours ago

Does GM’s Stock Have An Upside At $58?

General Motors’ stock has risen by 39% from $42 to $58 since the end of 2020. In comparison, the broader S&P500 rose by 16% in the same period. Trefis analysis of GM’s valuation is $70, implying that the stock seems cheap at its current price. The auto industry is being hit by the semi-conductor...