Bill Gross has made a lot of money in his career. Dubbed the "bond king," Gross helped build Pimco into a leading investment management firm focused on fixed income. He's amassed an estimated $1.7 billion fortune, according to Forbes. These days, Gross has been putting a portion of his net worth into master limited partnerships (MLPs).
Open FlipBad news for SunPower (NASDAQ: SPWR) investors: On Monday, Scotiabank analyst Tristan Richardson lowered his price target on SunPower stock to $4 a share, a $2 drop. Great news for SunPower investors: $4 a share is 101% more than SunPower stock cost Monday morning. And investors who buy this solar power stock can therefore expect to double their money in a year.
Open FlipSnap's (NYSE: SNAP) stock surged 28% on April 26 in response to its first-quarter earnings report. The social media company's revenue rose 21% year over year to $1.19 billion, exceeding analysts' estimates by $74 million, as its adjusted earnings tripled to $0.03 per share and cleared the consensus forecast by $0.08. Snap's headline numbers looked healthy.
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