Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%

Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over … Read more

U.S. job market divide boosts some workers’ prospects, puts others on notice

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more

Apple, Tesla, CSX, Under Armour, Target

Here are Thursday’s biggest calls on Wall Street: Stifel downgrades Target to hold from buy Stifel downgraded the big box retailer after its disappointing earnings report on Wednesday. “We downgrade shares of Target to Hold and reduce our 2022-2023 EPS estimates meaningfully and our price target to $ 185, 14x 2023E EPS reflecting limited near-term … Read more

Maverick Capital increases bets on Carvana, Uber and Snowflake in the first quarter

Lee Ainslie’s Maverick Capital bolstered its positions last quarter in a number of stocks that have been hit hard, including Carvana, Uber and Snowflake. The hedge fund added to its bet on Uber by 15% to a stake worth $ 133 million at the end of March, according to a regulatory filing. The ride-hailing company, … Read more

Here are the top holdings of Chase Coleman’s struggling hedge fund Tiger Global

Chase Coleman is having a rough year. His hedge fund, Tiger Global, added to a number of tech holdings, including Snowflake, Carvana and Sea, in the first quarter before the sell-off got even uglier, according to a regulatory filing. Coleman’s growth-focused flagship fund at Tiger Global tumbled 15% in April, pushing its 2022 rout to … Read more

Microsoft CEO Satya Nadella tells employees pay increases coming

Microsoft CEO Satya Nadella speaks during the Microsoft Annual Shareholders Meeting at the Meydenbauer Center on November 28, 2018 in Bellevue, Washington. Microsoft recently surpassed Apple, Inc. to become the world’s most valuable publicly traded company. Stephen Brashear | Getty Images News | Getty Images Microsoft CEO Satya Nadella told staffers on Monday that the … Read more

How Carvana went from a Wall Street top pick to meme stock trading

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” in the company’s mission to become the largest and most profitable used car retailer in the world. Its stock price has marched this year as well, just in the wrong direction for investors. Within … Read more

Spirit Airlines, Eli Lilly, Signature Bank and more

Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading Monday. Spirit, JetBlue – Shares of JetBlue Airways dipped 4.7% on news that the company’s offering $ 30 a share to … Read more

Dan Sundheim’s D1 Capital dumped high-growth tech stocks in the first quarter

Hedge fund veteran Dan Sundheim bailed on several large bets on the tech sector during the first quarter, according to a securities filing released Monday. Sundheim’s D1 Capital exited positions in JD.com, Carvana and Shopify during the first three months of 2022, according to the filings. Those positions were worth more than $ 2 billion … Read more

Spirit Airlines, Carvana, Warby Parker and more

Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit Airlines surged 19.3% in premarket trading after JetBlue (JBLU) launched a $ 30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously struck deal to merge … Read more