A trader on the New York Stock Exchange. Brendan McDermid | Reuters Critics of passive investing argue it is inflating the prices of high-flying stocks such as Amazon and creating a bubble in those names. However, data compiled by Ned Davis Research shows the bubble may be forming elsewhere. The firm found that real estate
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An orthodontist uses a process called invisalign to straighten a patients teeth. Sammy Dallal | Getty Images | Digital First Media | Getty Images Shares of Align Technology, the company that makes Invisalign clear teeth aligners, plunged Thursday on the back of a dire warning about China and weaker-than-expected results. Align Technology CEO Joe Hogan
A UPS driver pushes a load of packages from his truck to a building in downtown Los Angeles, California, July 22, 2019. Mike Blake | Reuters Here are the biggest calls on Wall Street on Thursday: Credit Suisse upgraded AT&T to ‘neutral’ from ‘sell’ Following the company’s earnings results, Credit Suisse upgraded the stock but
David Einhorn speaking at the 24th Annual Sohn Investment Conference in New York, on May 6, 2019. Adam Jeffery | CNBC David Einhorn revealed new positions Thursday in three stocks: Chemours, Dillard’s and Scientific Games. Einhorn told Greenlight Capital clients the positions were added in the second quarter. He described the Chemours stake as “medium
The Pets.com sock puppet dog stars in a commercial for the company, Jan. 11, 2000, in Los Angeles. Bob Riha | Liaison | Getty Images Greenlight Capital’s David Einhorn, who successfully made bets against companies including Enron, is likening hot IPO Chewy to dot-com bubble poster child Pets.com. In his quarterly letter to clients, Einhorn