Page 70 - Gabe Plotkin News Today

Gabe Plotkin’s Melvin Capital Management LP saw gains of more than 20% in February after being brutalized by a retail investor-led short ...

Melvin Capital boss Gabe Plotkin testified to Congress on the GameStop saga in February House Committee on Financial Services/Handout via Reuter...

Futures contracts tied to the Dow Jones Industrial Average pointed to a loss of about 50 points at the open. S&P 500 futures fell 0.2% and Nasdaq 100 futures lost 0.2%. Big Tech, which got hit hard in the previous session amid rising bond yields, continued to trade in the red in the premarket. Apple, Microsoft, Facebook, Alphabet and Netflix all dipped slightly in early trading. Stocks posted heavy losses during Wednesdays regular trading as rising bond yields spooked investors. The S&P 500 dip...

Nasdaq composite: 12,690.26, down 2.4% The billionaire investor Ron Baron told CNBC on Thursday that despite his long-term bullishness on Tesla, he had sold about 25% of his clients stake in the electric-vehicle manufacturer after its position became too concentrated. The weakness in technology stocks hasnt stopped Cathie Woods Ark Invest from buying the dip in high-flying stocks. Arks daily trading disclosures indicated that the firm bought millions of shares of Palantir on Wednesday amid the ...

(Bloomberg) -- Gabe Plotkin spent the first half of January defending his hedge fund’s portfolio from a Reddit mob, the second half trying to convince investors he can survive a 53% loss, and early February explaining to Congress what happened.Now with the public spectacle subsiding, the most concrete sign is emerging yet that his Melvin Capital Management might actually manage to thrive anew. After adjusting strategy, Plotkin pulled off an almost 22% gain in February, about eight times t...

High-growth tech stocks topped the shopping list for successful money managers in the fourth quarter.

GameStop: How events unfolded and the next chapter Published 2 months ago , GameStop is a bricks and mortar video gaming retailer which launched in 1984. It has stores in malls around the US and, for a time, was very successful. But as shopping habits changed, it faileda not only to anticipate these changes, but also to subsequently alter course and build a strong online presence. That’s the main reason that several Wall Street hedge funds decided to target the company by borrowing shares in...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Tenev was challenged by lawmakers, who asked how returns would compare if users had invested their money differently.

Photo: Getty Images. Illustration: Inc. Magazine If the Reddit "meme stock" episode proves anything, its that financial services companies and others that once thought of themselves as immune to the vagaries of the crowd can no longer ignore social media--and indeed some are actively changing as a result. "Our plan is to take advantage of the volatility," says Haris Khurshid, founder of Fate Capital Management, a one-year-old Chicago-based hedge fund that, starting in the second quarter, plans...