Perceptive Advisors, LLC scored big this past week when it was announced that Pfizer Inc. (PFE) was buying Array BioPharma Inc. (ARRY) for $11 billion. Array’s stock rose by more than 50% on June 17 following the announcement. Perceptive is run by Joseph Edelman, which started a new position in Array in the first quarter […]

Snap Inc. (SNAP) may be the comeback story of 2019, with the stock up more than 150% thus far. Hedge funds were buying Snap aggressively in the first quarter as the shares were rising off their December lows.  Even since the end of the first quarter, the stock has continued to rise, and it may […]

Berkshire Hathaway Inc., led by iconic investor Warren Buffet, made a couple of surprising moves in the first quarter of 2019. The most astonishing move was the addition of Amazon.com Inc. (AMZN) to the portfolio, as well as adding to its already enormous position in JPMorgan Chase & Co. (JPM).  Meanwhile, the firm continues to […]

Institutional investors were buying the shares of Walt Disney Co. (DIS) at a very fast pace in the first quarter, well ahead of the big stock surge. Disney’s stock has increased by over 21% in 2019, easily ahead of the S&P 500’s gain of 13%. Disney’s big gains have followed an Investor Day in April, […]

Alibaba Group Holding Ltd.’s (BABA) stock has soared in 2019, rising a stunning 42%. The strong stock performance followed a horrid fourth quarter when the shares plunged on trade war worries and fears of slowing global growth. However, the tides have turned and it seems that investors are now aggressively buying the stock given its […]