RBC: Hedge funds are piling into these 12 stocks unlike any others on the market
- The most popular stocks among hedge funds saw little turnover during the second quarter, according to regulatory filings parsed by RBC Capital Markets.
- Tech stocks like Facebook and Microsoft remained the darlings even after much public scrutiny over how they handle users' data.
- Beyond the most popular names, RBC also examined the stocks that hedge funds added the most new positions in last quarter.
- Lori Calvasina, RBC's head of US equity strategy, calls these rockets.
- The list below highlights the stocks that hedge funds piled into during the second quarter, in ascending order of the number of new positions.
- It's based on RBC's study of 340 major hedge funds.
- It comes with the usual disclaimer that hedge funds may have changed their positions since the quarterly 13-F filings were released.
Appy Pie simplifies app development with AI and WYSIWYG tools
- That’s why Abhinav Girdhar, a web and software development entrepreneur, founded Appy Pie, a cloud-based app creation service that’s built on top of visual, easy-to-use utilities that don’t require a computer science degree.
- With the exception of each app stores’ developer registration fees, Appy Pie’s base subscription tier is free, but nonremovable ads are inserted into each published app, and there’s a 48-hour usage limit on editing tools.
- The Basic tier, which starts at $36 per year, removes the ads and adds support for native Android app deployment.
- To that end, Appy Pie recently announced two new machine learning tools that’ll join its toolset later this year.
- In August, it announced the Appy Pie Website Builder, a visual webpage creator with offline capabilities, messaging features, and one-tap access to a smart assistant that’ll guide users through the process.
FreeWeibo is combatting China's great firewall
- The heavy censorship, also know as The Great Firewall, restricts users from searching or sharing certain phrases and words online — like pictures of Winnie the Pooh — to ‘protect’ Chinese citizens, or so the government says.
- That why activists at GreatFire created FreeWeibo — a search engine that collects censored and deleted posts originally posted on Sina Weibo (China’s answer to Twitter).
- Posts or ‘tweets’ disappear all the time of Sina Weibo as the platform’s self-censorship is extremely sophisticated and can pick up censored words or phrases within a post (also known as a “Weibos”) that have been deleted within five minutes of it been first posted.
- The collection of activists has created other tools and been monitoring and challenging online censorship since 2012 — all in order to uphold the Chinese constitution.
JPMorgan wipes out $5.5 billion in market cap of online brokers after saying it's giving users of its new digital-investing service free trades
- Online brokers are under pressure Tuesday morning after JPMorgan announced a digital-investing service that gives users 100 free trades a year and has no account minimum.
- The selling has wiped out $5.5 billion of market cap from the biggest online brokers, with Charles Schwab (-$2.64 billion) and TD Ameritrade (-$2.18 billion) seeing the biggest impact.
- E-Trade saw $715 million of market cap erased.
- JPMorgan shares are marginally higher.
Nanofibre net draws drinking water from the air for drought-hit people
- A nanofibre cloth could help drought-hit communities capture drinking water from the air.
- Passing water vapour condenses on the small fibres and trickles down into collection bottles below.
- However, the yield of these nets is often limited and the water only flows on foggy days.
- The technology is also restricted to mountainous regions where warm, wet air arriving from the coast is forced up steep slopes, where it cools and condenses as fog.
- The fibres provide a large surface area for droplets to condense onto, and the graphite encourages the water to drip out of the material when it is squeezed or heated.
- Wong says that harvesters made with these nanofibres could yield up to 180 litres of water per square metre every day.
- As well as squeezing water from the air, the nanofibres also filter out dirt and bacteria, meaning the water is safe to drink.
Google redesigns Fit to get you moving
- You set your daily goals for each when go through the new onboarding process, and Google will suggest a number that helps you meet the American Heart Association's recommended 150 minutes of cardio activity a week.
- As part of its goal to educate users, Google is incorporating cards that explain things like why bursts of intense cardio activity are good for your health into the new Fit's interface.
- According to the American Heart Association's vice president of policy research and translation Laurie Whitsel, you'll still see benefits if you meet up to 300 minutes of intense cardio activity per week.
- I, for one, am excited to see how much healthier Fit thinks I am the next time I complete a heart-pumping dance session or run out for an emergency cupcake.
Microsoft seized websites created by Russian hackers to target Republican think tanks
- The cyber political wars continue to rage, and have now taken a strange turn.
- Microsoft has released a detailed report that says a Russian military group that targeted U.S. elections in 2016 is back to its old tricks.
- As part of the announcement, Microsoft said it was expanding its suite of security tools that it hopes will help users identify such attacks and take steps to protect themselves.
- Microsoft counsel Brad Smith also called on other tech companies to step up their efforts against Russian attempts to interfere in elections.
- In the most recent cases, the New York Times said the groups targeted appeared to be GOP think tanks that had broken with President Trump by continuing to criticize Russian President Putin and calling for more sanctions.
- Reuters reported that Russian officials have denied the charges.
5000-year-old monument was built by a society without leaders
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- Excavations at eastern Africa’s oldest and biggest cemetery offer a new perspective on the reasons why ancient humans built great monuments.
- The Lothagam North Pillar Site is a communal cemetery built around 5000 years ago near Lake Turkana, Kenya, by the region’s first herders.
- At the site there are 1.5-metre-tall stone pillars, nine stone circles and a vast 700 square metre raised platform mound, together with the remains of at least 580 people.
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Housing Department smacks Facebook for discriminatory tools it should have fixed
- The HUD claims Facebook’s allowing advertisers to discriminate against users searching for property with tools the company said it’d eliminated back in 2016.
- The HUD alleges that Facebook’s ad targeting tools may be used to keep people of certain genders, races, religions, and familial status from being able to see ads for certain properties.
- The plaintiffs, which include the National Fair Housing Alliance, claim the company’s ad tools allow those advertising property to buy or rent to discriminate against potential renters by ensuring that only certain people could see the ads.
- Back in 2016, Facebook said it discontinued the targeting program that allowed advertisers to restrict their products to people based on “ethnic affinity.” While Facebook doesn’t allow users to identify as a particular race, it apparently marks users as a certain ethnicity based on their groups and interests.
Animoto hack exposes personal information, geolocation data
- Animoto, a cloud-based video maker service for social media sites, has revealed a data breach.
- Names, dates of birth, and user email addresses were accessed by hackers, but the company said it wasn’t known if data had been exfiltrated.
- The company also said that users’ scrambled passwords were exposed in the breach, but it wasn’t clear if the hackers gained the private key, which could be used to reveal the passwords in plain-text.
- The New York City-based company did not say how many users were affected by the breach, but last August claimed more than 20 million users on its platform.
- Animoto is the latest social media service to be breached.
- Last month, Timehop revealed a breach affecting 21 million users, exposing their names, email addresses, gender, and dates of birth.
- Animoto didn’t say how its breach occurred but pointed to “suspicious activity” on its systems.