Stock Market Rally in 2020 Easily Outpaced Luxury Goods, Hedge Funds (The Wall Street Journal)
In 2020, you were better off putting money into a stock index fund than in fine art or diamonds. The S&P 500 index, which tracks the U.S. stock market broadly, rose over 15% last year and the tech-heavy Nasdaq index surged nearly 43%. It was also a banner year for bonds. The Bloomberg Barclays Global Aggregate bond index climbed 9.2% on a total return basis. That is significantly better than the performance of many alternative investments. This asset class includes hedge funds, private equity and more exotic investments such as classic cars, fine wine and other luxury goods. Investors typically put money into these riskier bets to boost their overall returns. But that strategy was turned on its head last year.
Hedge Fund Pushes for Intel Shake Up Amid Growing Apple and AMD Competition (OnMSFT.com)
As a tumultuous 2020 ends for the company, Intel finds itself once again under fire going into 2021. According to a report from Reuters, activist hedge fund Third Point LLC is jockeying for a loud enough voice to force Intel to make some greater strategic moves to combat what will inevitably be an onslaught of AMD, NVIDIA and Apple silicon competition in the coming months and years.
Monday 1/4 Insider Buying Report: AIRT, KR (Nasdaq.com)
At Air T, a filing with the SEC revealed that on Wednesday, Director Raymond E. Cabillot bought 38,682 shares of AIRT, at a cost of $19.29 each, for a total investment of $746,080. So far Cabillot is in the green, up about 34.1% on their purchase based on today’s trading high of $25.87. Air Tis trading down about 4% on the day Monday. Before this latest buy, Cabillot bought AIRT on 2 other occasions during the past year, for a total cost of $212,612 at an average of $12.35 per share. And at Kroger, there was insider buying on Wednesday, by Director Ronald Sargent who purchased 3,200 shares at a cost of $31.65 each, for a total investment of $101,280. Kroger is trading up about 1.3% on the day Monday. Sargent was up about 1.8% on the buy at the high point of today’s trading session, with KR trading as high as $32.21 at last check today.
Insider Trading: January 4, 2021 (BIV.com)
Insider Michael Curt Scholz, 10% owner. Company: CMC Metals Ltd. (TSX-V:CMB). Shares owned: 7,618,489. Trade date: Dec 17, 18, 21, 22. Trade total: $499,475. Trade: Sale of 2,789,500 shares at prices from $0.13 to $0.21 per share. Insider Raman Randhawa, officer. Company: Capstone Mining Corp. (TSX:CS). Shares owned: 66,666. Trade date: Dec 17. Trade total: $480,372. Trade: Sale of 215,862 shares at prices from $2.22 to $2.23 per share.
Carl Icahn Dilutes Stake In Herbalife To 6%: Report (Benzinga)
Icahn Enterprises L.P. (NASDAQ: IEP) founder Carl Icahn has disposed of a sizeable amount of his stake in the dietary supplement selling multi-level marketing company Herbalife Nutrition Ltd (NYSE: HLF), according to the Wall Street Journal. What Happened: Icahn is also relinquishing the seats of his representatives on the company’s board, as per the WSJ report Sunday. Icahn offloaded about $600 million of his 16% stake. The Journal cites sources who claim that after the sale Icahn now holds a 6% ownership with an approximate valuation of $400 million. He will also cede control over five board seats filled by his representatives.
The Chairman & Interim Chief Executive of Artis Real Estate Investment (Other OTC: ARESF) is Buying Shares (Analyst Ratings)
Today, the Chairman & Interim Chief Executive of Artis Real Estate Investment (ARESF), Samir Aziz Manji, bought shares of ARESF for $1.71M. Over the last month, Samir Aziz Manji has reported another 10 Buy trades on ARESF for a total of $16.8M. In addition to Samir Aziz Manji, 2 other ARESF executives reported Buy trades in the last month.
