Why Sysco is Sinking
…and why it might be a buying opportunity. Sysco (SYY)–the food company, not the tech giant–is slipping today after reporting earnings that only met the Street consensus. Sysco reported a profit of 72 cents a share, in line with analyst forecasts, on sales of $14.4 billion, narrowly beating estimates for $14.34 billion. Still, that wasn’t enough for […]
Hedge fund that profited from Whole Foods-Amazon deal discloses bet on Blue Apron
During the second quarter ended June 30, activist hedge fund Jana Partners snapped up 600,000 shares of meal kit delivery company Blue Apron (APRN), a position valued at $5.6 million at the time, according to a 13-F filing posted on Monday. This is interesting because Jana is also the fund that had been pushing Whole […]
AMD is challenging Nvidia’s crown after releasing its newest graphics cards
AMD’s stock price is on the rise as reviews of the company’s new Radeon RX Vega 56 and 64 graphics cards are released. Shares are up 4.05% on Monday, the same day the cards were released. The cards are currently sold out on Newegg, and only a few units are still available on Amazon, though they are […]
Warren Buffett dumped his entire stake in General Electric
Berkshire Hathaway dumped its entire $315.4 million stake in General Electric in the second quarter, according to filings. The firm owned about 10.6 million shares in the company. GE just recently promoted John Flannery to CEO, as Jeff Immelt stood aside. Flannery was head of GE’s healthcare business before being tapped for CEO. Flannery was able to take […]