Billionaire Israel Englander is the founder and CEO of Millennium Management, the second-most profitable hedge fund in history as measured by net gains since inception, according to LCH Investments. That makes him a good case study for investors.
Every earnings season has its share of sell-the-news reactions that punish good stocks despite reporting solid earnings reports. The market is known to overreact as selling begets more selling, just as buying begets more buying.
Wedbush has upgraded Pinterest Inc (NYSE:PINS) to an ‘outperform' rating from ‘neutral' with a 12-month share price target of $38. “We think the company is executing well against its user engagement and monetization strategies and remains on pace to deliver growth and profits in line with its multi-year guidance framework,” said analysts.
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