Surprise! Nasdaq Leads Weekly Gains

Nasdaq surged

In a surprise twist, the Nasdaq surged by a healthy 4.2%, managing to close the week at an all-time high. What’s happening to tech stocks? Q4 2020 hedge fund letters, conferences and more Surging, gaining…come again? Tech Stocks Still Going Strong Wasn’t tech supposed to wither away and die thanks to be big bad Democrat […]

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Soaring Stocks Of Unprofitable Tech Companies

unprofitable tech companies

Whitney Tilson’s email to investors discussing IBM: the ultimate value trap, soaring stocks of unprofitable tech companies, and the wisdom of crowds. Q4 2020 hedge fund letters, conferences and more 1) Tech giant IBM (IBM) reported dismal fourth-quarter earnings on Thursday after the close, and the stock fell 9.9% on Friday – continuing its steady […]

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Sierra parametric cat bond hits $200m, prices 14% down on guidance

The second parametric earthquake catastrophe bond Sierra Ltd. (Series 2021-1), sponsored by specialist mortgage security focused investment manager Bayview Asset Management, LLC, has now been successfully upsized to $200 million, while pricing for each of the two tranches of notes has settled at the bottom end of reduced guidance. The upsizing and low pricing of…

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Moderna CEO On Booster Shots For South African Covid Strain

South African strain Moderna CEO Stephane Bancel

CNBC Transcript: Moderna CEO Stephane Bancel speaks with CNBC’s “Squawk Box” today about developing booster shots for South African Covid strain. Q4 2020 hedge fund letters, conferences and more   Moderna CEO On Developing Booster Shots For South African Covid Strain   MEG TIRRELL: Well Moderna has looked at its vaccine’s effectiveness against these new […]

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