Roku (ROKU) Inc.’s stock has risen by more than fourfold so far in 2019, easily making it one of the best performing stocks in the equity market. The streaming media company had seen institutional investors aggressively buying its shares throughout the second quarter. The strong performance helped the stock to land on the WhaleWisdom WhaleIndex […]

Point72 Asset Management, L.P., which is run by the legendary investor Steven A. Cohen, made a big bet this week in Luckin Coffee Inc. (LK), a China-based coffee chain. A 13G filing revealed that the investment firm took a 5% position in the stock. The stake that Point72 took in Luckin is significant, and it […]

Zillow Group Inc. (Z) will report results on August 7. Analysts are forecasting Zillow to have seen significant revenue growth during its second quarter. Currently, revenue estimates are for $586 million, 80% greater than the same period a year ago. The significant increase in revenue isn’t expected to translate into earnings growth, with the company forecasted to lose $0.22 in the second quarter.

Advanced Micro Devices’ (AMD) stock has rocketed higher in 2019, rising by over 84% through July 26. The strong performance is more than quadruple the pace of the S&P 500’s gain of just 20%. The stock had been a favorite among institutions and hedge funds in the first quarter of 2019.

Facebook will report second-quarter results on July 24. Analysts estimate that the company will earn $1.86 per share, an increase of 7% versus last year, while revenue is expected to climb by almost 25% to $16.5 billion.  The company has a history of topping those earnings estimates, which could be one reason why some very […]