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Thursday, August 30, 2018

FAANG Short Bets Have Surged 40% in the Past Year

With FAANG stocks surging, some investors are getting bearish.
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FAANG Short Bets Have Surged 40% in the Past Year
With FAANG stocks surging, some investors are getting bearish.
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Morning Headlines
Qualcomm's Stock May Drop 11% After Recent Rise
Technical charts suggest Qualcomm's stock may fall by roughly 11% from its current price of $69.75.
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Campbell Soup to Sell International, Fresh Food Units
Campbell Soup Co said on Thursday it would sell its international businesses and fresh refrigerated-foods unit, following a months-long strategic review and pressure from hedge fund investors to sell the whole company.
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Marijuana ETF Attracts $22 million in August
The ETFMG Alternative Harvest ETF has benefited from liquor producers showing interest in selling pot ahead of the legalization of cannabis in Canada.
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Apple Buys Maker of Augmented Reality Lenses
The acquisition of Akonia Holographics offers the clearest indication yet that the iPhone maker is keen to develop augmented reality glasses.
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Top S&P 500 Gainer & Loser
MRO
Marathon Oil Corp
5.17%
TIF
Tiffany & Co
-4.26%
As of last market close.
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