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Follow this list to discover and track the stocks that were sold the most by hedge funds in the last quarter.
Shares of semiconductor (SMH) company NVIDIA (NVDA) fell 6.8% on December 7 to close trading at $147.61. NVIDIA has generated returns of -9.7% this month and -47% since the start of October. Its recent pullback has led to a 23.5% fall in its stock in 2018.
Alphabet's (GOOGL) Google division plans to accelerate the closure of its social network Google+ ahead of schedule, owing to another security flaw.
Samsung (SSNLF) recently won direct 5G smartphone orders from Verizon (VZ) and AT&T (T). The operators say their Samsung-built 5G smartphones will arrive in the first half of 2019. Verizon and AT&T are not alone in placing direct orders with manufacturers for phones that can work with 5G networks they are building.
Let’s now compare Sprint’s (S) technicals with those of telecom peers. Recently, Sprint stock fell below its short-term (20-day) moving average, a bearish sign. On December 4, Sprint stock closed at $6.16, 0.8% below its 20-day moving average of $6.21, 1.6% below its 50-day moving average of $6.26, and 0.7% above its 100-day moving average of $6.12. In comparison, Verizon (VZ) and T-Mobile (TMUS) were trading 5.6% and 0.3% above their 100-day moving averages, respectively, while AT&T (T) was trading 3.8% below its average. Relative strength index
The possibility of reduced Chinese tariffs on U.S. cars has lifted GM and Ford, while Advanced Micro Devices was gaining after getting named a top pick at Cowen.
With the U.S. wireless telecom industry continuously evolving, the companies in the league are fighting it out to stay abreast of competition.
Qualcomm’s (QCOM) stock price has been under pressure in 2018. All of the semiconductor companies have felt pressure amid US-China trade war concerns and global uncertainty. Qualcomm’s stock price has declined almost 9% in the past year as of December 4. Qualcomm stock fell ~7.4% in November amid global pressure and a major sell-off in the tech sector in October.
Shares of semiconductor company Micron Technology (MU) fell 6.3% to close trading at $35.31 on December 7. Micron stock has generated returns of -8.4% this month and -22% since the start of October. Driven by the recent pullback, Micron stock is now down 14% in 2018.
The tech sector saw another day of market correction on December 7. The Technology Select Sector SPDR ETF (XLK) fell 3.5%, while the VanEck Vectors Semiconductor ETF (SMH) fell 3.8% on the day.
Jonathan Tepper and Denise Hearn argue in their new book, The Myth of Capitalism , that investors Warren Buffett and Peter Thiel hate competition and love monopolies.
Shares in US automakers have motored ahead by more than 2 per cent in pre-market trade — and taken European rivals along for the ride — after media reports China is moving towards cutting the tariffs it placed on American-made vehicles. that “China has agreed to reduce and remove tariffs on cars coming into China from the US” No further details or timeline were provided, and Beijing did not immediately confirm any change in duties. China is moving towards cutting the tariffs on US auto imports to 15 per cent from 40 per cent, according to Bloomberg, which cited people familiar with the matter.
BNY Mellon's (BK) plan to reward shareholders with additional share repurchases reflect strong fundamentals and solid liquidity position.
Ericsson (ERIC) has won an extension of its contract to power Volvo’s digital vehicle services in more than 120 markets for another five years. Volvo first signed up for Ericsson’s connected-vehicle services in 2012. Ericsson said its latest Volvo contract is the largest ever for its connected-vehicle service.
Of the 22 Reuters-surveyed analysts tracking Sprint (S) stock on December 4, 14 (~63%) recommended “hold,” five recommended “sell,” and three recommended “buy.” Their median target price of $6 for the stock implies a 2.6% downside over the next 12 months from its current price of $6.16.
Apple (AAPL) has struck a deal to make its Apple Music service available on Amazon’s (AMZN) Echo smart speakers. Apple Music is expected to arrive on the Echo device on December 17.
BEIJING (AP) — A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington.
If I were making a short list, I would put on it hiring more moderators to do the terrible, laborious work of actively sniffing out hoaxes, election-related tampering and calls to violence on Facebook, WhatsApp, Instagram and other Facebook-owned hangouts. It might not hurt to increase investment on cybersecurity to do more to prevent foreign governments from using Facebook as a tool for propaganda or to prevent thieves from taking advantage of Facebook software loopholes to compromise accounts of tens of millions of people. Facebook could spend even more on policy wonks to shape and prepare for more heavy-handed regulation of tech companies. To be clear, Facebook is already spending billions of dollars on these important priorities, along with many other things as it grows more expensive to be Facebook.
In 2007 and 2008, many optimistic pronouncements by current National Economic Council Director Larry Kudlow turned out to be disastrously wrong. In the great Bitcoin bubble of late 2017, the honor goes to John McAfee, founder of computer security company McAfee LLC, and passionate cryptocurrency evangelist. Does that mean Bitcoin is dead?