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Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank upgrades Pool Corp to buy from hold Deutsche said the pool company has “increased conviction” in residential new construction which is beneficial to Pool Corp. “Importantly, we sense a growing optimism around the recovery path for housing, which could drive relative multiples back toward levels … Read more
Value investor Bill Miller kept his top holding unchanged last quarter, betting on an energy name that has jumped nearly 60% this year. His hedge fund Miller Value Partners held about $90 million worth of Ovintiv shares, remaining as its top holding at the end of the third quarter, according to a new regulatory filing. … Read more
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
Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Geopolitical tensions, the prospect of Federal Reserve rate hikes and inflation fears have roiled the stock market and left investors unsettled. The major indexes have just notched a second consecutive week of losses, and the conflict … Read more