Hedge fund managers who like to short overvalued stocks have their sights set on Netflix (NFLX). Whitney Tilson of T2 Partners makes the case in his article Why We’re Short Netflix, pointing out the company’s lofty valuation and competitive vulnerabilities.
As year end approaches, Google continues to outperform the broader market. Google (GOOG) is up over 80% year to date compared to a 21% gain for the SPDR S&P 500 (SPY).
Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced today the anticipated listing of a NASDAQ-100 BuyWrite portfolio and a Nasdaq Internet portfolio. Both new ETFs are expected to begin trading June 12, 2008, on the NASDAQ Stock Market.