Gold Rally Looks Good for Allied Nevada, Harmony Gold

Town Sports International Holdings Inc. (NASDAQ:CLUB), Allied Nevada Gold Corp. (NYSEMKT:ANV) and Harmony Gold Mining Co. (NYSE:HMY) have commenced the week with noteworthy gains on Wall Street. Taking tumbles this Monday are Bitauto Holding Ltd. (NYSE:BITA), Sarepta Therapeutics Inc. (NASDAQ:SRPT) and SanDisk Corporation (NASDAQ:SNDK).

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Morningstar Investment Conference: Using Annuities In A Portfolio For Added Stability

portfolioOver the past decade, annuities have fallen out of favor with investors. These retirement products became popular in the US during the Great Depression when potential retirees were looking for a secure income stream that would be unaffected by stock market volatility. Q2 2020 hedge fund letters, conferences and more If you’re looking for value Read More


Gold Rally Gives ANV, HMY a Boost

Town Sports International surged +18.69% after announcing preliminary Q4 results. An owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the U.S., the firm is a long-time Farallon Capital holding. It has climbed nearly +30% over the past three months.

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Allied Nevada Gold and Harmony Gold Mining Co. gained +17.14% and +11.05%, respectively, thanks to gold price climbs. In fact, gold hit $1,232.80 today, its highest point since October 22nd. Billionaire investors John Paulson and George Soros have positions in ANV, and Ray Dalio has a stake in HMY.

Bitauto Tumbles on China Car Sales Slowdown

Online Chinese auto portal Bitauto tumbled -17.32% after the China Association of Automobile Manufacturers (CAAM) reported a slowdown in the country’s car sales. Tiger Global picked up a 5.6-million-share stake in the company during the second quarter of last year. Despite today’s dip, BITA is up +44.29% over the past six months.

Sarepta Therapeutics plunged -14.7% to a new low after releasing trial results. The biotech company, which has been in George Soros’ portfolio since the third quarter of 2012, has declined nearly -40% over the past year.

SanDisk Corporation dipped -14.65% after cutting its Q4 revenue estimates. Another Soros pick, SNDK is down -15.56% over the past month.

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