The following video is from Tuesday's Investor Beat, in which host Chris Hill and Motley Fool analysts Jason Moser and Matt Koppenheffer dissect the hardest-hitting investing stories of the day.
Hedge fund giant SAC Capital and founder Steven Cohen are set to pay $1.8 billion and plead guilty to criminal fraud charges. The fine is the largest ever for insider trading. In the lead story on today's Investor Beat, the guys discuss the psychological effect that massive insider trading scandals have on the individual investor, and whether Wall Street is a rigged game.
Then, Jason and Matt take a look at four stocks making moves on the market today. Orbitz Worldwide was hit hard today after third-quarter profits came in 12% lower than a year ago. BofI Holdings saw shares jump up big today after announcing record profits for the first quarter. Cognizant Technology popped to an all-time high after both its third-quarter earnings and revenue were higher than expected. And Ritchie Bros. Auctioneers was also up today on strong third-quarter results, beating on both revenue and profit.
Finally, Jason discusses what he's looking for in Zillow's earnings, and his upcoming exclusive interview with Zillow CEO Spencer Rascoff after the earnings release, while Matt looks at Markel, and talks about why CIO Tom Gayner is a key part of his investing thesis in this company.
Chris Hill and Jason Moser have no position in any stocks mentioned. Matt Koppenheffer owns shares of Markel. The Motley Fool recommends BofI Holding, Markel, priceline.com, Ritchie Bros. Auctioneers, and Zillow and owns shares of BofI Holding, Cognizant Technology Solutions, Markel, priceline.com, and Zillow. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.