Money manager Bill Ackman’s hedge fund Pershing Square once boasted extraordinary returns. For instance, in 2014, the fund beat out the S&P 500 by a whopping 27%, with 40% gains.
However, Pershing Square’s returns are not what they use to be…
Last year, the fund posted a negative return of 13.5%; in 2015, it returned negative 20.5%, significantly underperforming markets two years in a row. In fact, since the end of 2012, Pershing has returned 5.7% to investors, while the S&P 500 has skyrocketed 67.4%.
Majorly contributing to Pershing’s recent sagging returns is that three of Ackman’s worst trades ever all happened over the past two years…
Bill Ackman’s Biggest Blunder No. 3: Target Corp. (NYSE: TGT)
In 2007, Ackman set up Pershing Square IV, a single-stock fund that invested $2 billion in Target Corp. (NYSE: TGT) call options and other derivatives that year. The fund ended up losing 90% of that money after TGT shares plummeted 50% in 2009. At the time, Target’s “expect more, pay less” slogan became half irrelevant as consumers began to shy away from the retailer in favor of Wal-Mart, which was cheaper and offered a wider food selection.
Best Performing Stocks To Buy For 2019: Pacific Ethanol Inc.(PEIX)
- [By Joseph Griffin]
Pacific Ethanol (NASDAQ: PEIX) and Methanex (NASDAQ:MEOH) are both oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, earnings, risk, analyst recommendations, dividends, institutional ownership and profitability.
- [By Stephan Byrd]
Media headlines about Pacific Ethanol (NASDAQ:PEIX) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific Ethanol earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 47.4934086912591 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
- [By Paul Ausick]
In the two-week period, Pacific Ethanol Inc. (NASDAQ: PEIX) saw short interest rise 5.4%, to 2.46 million shares, about 5.8% of the company’s float. The number of days to cover remained unchanged at six. The stock price fell 4.2% in the two weeks that ended May 31. The price of shares was $2.92 at Monday’s market close, down about 3% on the day, within a 52-week range of $2.75 to $7.50.
Best Performing Stocks To Buy For 2019: Euronet Worldwide Inc.(EEFT)
- [By Asit Sharma]
Electronic payments and remittances giantEuronet Worldwide (NASDAQ:EEFT)displayed crisp revenue growth in its earnings report issued April 25, which covered the first three months of the current year. Below, we’ll outline summary numbers, delve into pertinent details underlying the results, and review management’s perspective on the quarter:
- [By Max Byerly]
Get a free copy of the Zacks research report on Euronet Worldwide (EEFT)
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- [By Motley Fool Staff]
These companies run the gamut from video games to e-commerce to search engines and more, but what all of them have in common is huge long-term potential. And what’s a game with no points? David checks back in on the five-stock set he picked shortly after Brexit was announced — Booking Holdings (NASDAQ:BKNG), Hain Celestial (NASDAQ:HAIN), Euronet Worldwide (NASDAQ:EEFT), Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), and Tesla (NASDAQ:TSLA). Did this tiny portfolio beat the market’s 26% gain in the last few years? Tune in and find out.
- [By Lee Jackson]
Euronet Worldwide Inc. (NASDAQ: EEFT) was downgraded to Neutral from Buy at Goldman Sachs. It has a $94 price target, which compares with the consensus target across Wall Street of $105.29. The stock ended trading on Friday at $85.98.
Best Performing Stocks To Buy For 2019: Internet Gold Golden Lines Ltd.(IGLD)
- [By Max Byerly]
Media stories about Internet Gold Golden Lines (NASDAQ:IGLD) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Internet Gold Golden Lines earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.7616640405736 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Best Performing Stocks To Buy For 2019: Stanley Black & Decker Inc.(SWK)
- [By Shane Hupp]
Wells Fargo & Company MN decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.8% in the first quarter, Holdings Channel reports. The fund owned 4,494,819 shares of the industrial products company’s stock after selling 82,051 shares during the quarter. Wells Fargo & Company MN’s holdings in Stanley Black & Decker were worth $688,606,000 at the end of the most recent quarter.
- [By Dan Caplinger]
Friday was a poor day on Wall Street, as the Dow Jones Industrials fell 200 points and other major benchmarks lost about 1%. Rising bond yields were a major source of consternation among those following the financial markets, with the 10-year Treasury hitting 2.95% and helping to send mortgage rates sharply higher. Even though earnings season has gone fairly well for many companies, some investors are also starting to realize that political issues are likely to cloud the outlook for the U.S. economy in the coming months, creating more uncertainty that could stymie further market gains. Some bad news affecting individual companies also added to the negative mood. Stanley Black & Decker (NYSE:SWK), ManpowerGroup (NYSE:MAN), and Sage Therapeutics (NASDAQ:SAGE) were among the worst performers on the day. Here’s why they did so poorly.
- [By Logan Wallace]
Stanley Black & Decker (NYSE: SWK) and Lifetime Brands (NASDAQ:LCUT) are both industrial products companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, dividends, valuation, analyst recommendations, profitability, earnings and risk.
- [By Joseph Griffin]
Toronto Dominion Bank increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 161.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 172,665 shares of the industrial products company’s stock after purchasing an additional 106,620 shares during the period. Toronto Dominion Bank’s holdings in Stanley Black & Decker were worth $26,450,000 as of its most recent SEC filing.
- [By Danny Vena, John Bromels, and Demitrios Kalogeropoulos]
To help find opportunities that are a little further off the beaten track, we asked three Motley Fool investors to choose top companies they believed investors might be missing out on. They offered convincing arguments for Stanley Black & Decker (NYSE:SWK), Kinder Morgan, Inc. (NYSE:KMI), and Tencent Holdings (NASDAQOTH:TCEHY).