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Yahoo BusinessJul 02, 2020
Were Hedge Funds Right About Souring On Alibaba Group Holding Limited (BABA)?
We are almost done with the second quarter. Investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned almost 20% this quarter. In this article we look at how hedge funds traded Alibaba Group Holding Limited (NYSE:BABA) heading into this quarter and whether they were right about the […]


MarketWatch MarketPulseJul 02, 2020
Best week in nearly 3 months for Amazon, Microsoft pushes work-from-home ETF ahead of broader market
A hotly anticipated exchange-traded fund with a timely theme has outpaced the broader market in its first week in existence, even as recent flare-ups of COVID-19 may have bolstered its investment case. The Direxion Work From Home ETF has gained 4.5% since it launched on June 25, edging the 3.4% gain in the S&P 500 and the 3.8% gain in the Nasdaq Composite Index during that time. As previously reported, the fund contains 40 stocks that allow investors to tap into the technologies that enable many office workers to stay home: remote communications, cyber security, project and document management, and cloud technologies. Those companies include lesser-known names like Ping Identity Holding - but also pandemic darlings like Zoom Video Inc. and heavyweights like Amazon.com Inc and Microsoft Inc. [s:MSFT], both of which are on track for their best weekly gain since April 17.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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