Shares of JD.com, Inc. (NASDAQ: JD) were higher Thursday after the Chinese e-commerce giant reported its fourth-quarter results.
What Happened: JD.com .
Tiger Cub Billionaire Lee Ainslie’s Top 10 Stock Picks
In this article we take a look at Maverick Capital’s Lee Ainslie’s top 10 stock picks. You can skip our detailed analysis of Ainslie’s investment strategy and some interesting bits from his investor letters and go to Billionaire Lee Ainslie’s Top 5 Stock Picks.
Lee Ainslie is an American value investor and hedge fund manager who founded Maverick Capital in 1993. The fund has over $6 billion in managed securities as of the end of 2020. Ainslie is a Tiger cub – protégé of the legendary investor and billionaire Julian Robertson – having worked at Robertson’s hedge fund for years before starting Maverick at the age of 28 with $38 million, funded by American business magnate Sam Wyly.
The trio has already set in motion talks with advisors regarding the listings, it added.
The speculated move reportedly aims at capitalizing on the increased interest among Asian investors for quality, trusted names. The listings could happen as early as the middle of 2020, the report said.
The spokespersons for Nio and Xpeng declined to comment on the report when contacted by Benzinga.
Why It s Important: EV manufacturers are operating in an investment-intensive industry that necessitates huge cash reserves to expand their product and service offerings and pursue innovation to stay relevant in the industry.
Nio, Xpeng and Li Auto had all raised massive amounts of capital through follow-on offerings in December. Nio raised $2.6 billion by offering 68 million ADSs, XPeng mobilized about $2.5 billion and Li Auto about $1.4 billion.
Value Investor Bill Miller’s Top 10 Stock Picks
In this article, we will discuss value investor Bill Miller’s stock portfolio strategies that helped his hedge fund Miller Value Partners in generating significant gains in the last two years. We will also closely examine how the legendary investor is seeking to beat the market trend in 2021. For that, we will review value investor Bill Miller’s top 10 stock picks. Click to skip ahead and see
Bill Miller is an American investor and hedge fund manager, known for his legendary stock-picking strategies and investing perspective. Miller worked for the now-defunct investment management firm Legg Mason famous for beating the S&P 500 for 15 straight years before starting his hedge fund Miller Value Partners. The 71-year-old, born in North Carolina, loves philosophy and pursued a Ph.D. program at Johns Hopkins University Department of Philosophy after completing his military service.
Billionaire Stan Druckenmiller’s Top 10 Stock Picks
In this article we take a look at billionaire Stan Druckenmiller’s top 10 stock picks. The billionaire is making waves as he recently revealed that he is long Bitcoin and considers the cryptocurrency a valuable asset class. You can skip our detailed discussion of Druckenmiller’s history, his hedge fund’s performance and go to
Stanley Freeman Druckenmiller is an American billionaire and hedge fund manager who founded Duquesne Capital in 1981. For 30 years the hedge fund posted excellent returns, but in 2010 the billionaire announced to shutter the fund citing “emotional toll” of not being able to come up to the high expectations of investors. At the time of closing, the hedge fund had $12 billion in managed securities. Druckenmiller’s hedge fund had posted average gains of 30% over two decades of its operations before it closed, an excellent record when compared to peers. In 2008, when most hedge funds suffered hea