Hedge Fund and Insider Trading News: Steve Cohen, Anthony Scaramucci, Angelo, Gordon & Co., Conagra Brands Inc (CAG), McCormick & Company, Incorporated (MKC), and More

‘Capital Markets are Not Free’: Billionaire Investor Ray Dalio Says the Fed is Boosting Asset Prices, Valuation Metrics Don’t Apply, and the US Dollar is at Risk (Business Insider)
Billionaire investor Ray Dalio warned that the Federal Reserve is artificially inflating markets, normal valuation metrics no longer apply, and the US dollar risks being displaced as the world’s reserve currency in a Bloomberg interview on Thursday. “The capital markets are not free markets allocating resources in the traditional ways,” said the co-chief of Bridgewater Associates, the world’s largest hedge fund with $138 billion in assets at last count. “The economy and the markets are driven by the central banks in coordination with the central government,” Dalio continued.

Seattle Genetics Inc (SGEN) CFO Todd E Simpson Sold $1.9 million of Shares (Guru Focus)
CFO of Seattle Genetics Inc., Todd E Simpson, sold 11,573 shares of SGEN on 07/01/2020 at an average price of $167.58 a share. The total sale was $1.9 million. Seattle Genetics Inc is a biotechnology company. The company is focused on development and commercialization of targeted therapies for the treatment of cancer.

The EVP & CFO of McCormick & Company (NYSE: MKC) is Selling Shares (Analyst Ratings)
Today, the EVP & CFO of McCormick & Company (MKC), Michael R. Smith, sold shares of MKC for $1.51M. Following Michael R. Smith’s last MKC Sell transaction on July 08, 2019, the stock climbed by 21.6%. In addition to Michael R. Smith, 4 other MKC executives reported Sell trades in the last month. Based on McCormick & Company’s latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $1.4 billion and quarterly net profit of $196 million.

Conagra Brands Inc (CAG) EVP Gen Counsel & Corp Secty Colleen Batcheler Sold $4 million of Shares (Guru Focus)
EVP Gen Counsel & Corp Secty of Conagra Brands Inc., Colleen Batcheler, sold 111,062 shares of CAG on 07/01/2020 at an average price of $36 a share. The total sale was $4 million. Conagra Brands Inc is in the business of trading and merchandising packaged food in a variety of categories and in various retail channels across frozen, refrigerated, and shelf-stable temperature classes in North America.