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☆ 'Manias die in vicious ways': A pair of fund managers who have beaten 99% of their peers over the last 5 years warn the S&P 500 will shed at least 30% of its value when the current bubble pops
▼ + stars: | 2023-08-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

They likened the current environment to the dot-com bubble around 2000. Cole told Insider he thinks the S&P 500 will lose at least 30% of its value in the years ahead. "This financial euphoria episode has gone to a sustained high that makes the dot-com bubble look like small change," he wrote in the August 22 letter. Smead is the founder of Smead Capital Management and comanages the Smead Value Fund (SMVLX) with his son, Cole. Don't take that to mean the S&P 500 will deliver low returns every year until 2033.

Persons: Cole Smead, Cole, Bill Smead, Smead, Russell, Akin Oyedele, It's, Manias, Bill, Dubravko Lakos, Lakos Organizations: Smead Capital Management, Yahoo Finance, it's, Netflix, Visa, Mastercard, Paypal, Smead, Federal, JPMorgan, CNBC, Conference

☆ Renowned strategist Tom Lee says buying these 17 stocks is the next best trade to make now besides high-flying tech stocks
▼ + stars: | 2023-06-06 | by ( Akin Oyedele | ) www.businessinsider.com time to read: +2 min

Industrials are the next most attractive buys now after big tech and similar stocks, Tom Lee says. The characteristically bullish strategist, who worked at JPMorgan before starting his own firm, sees the S&P 500 finishing 2023 at 4,750. Technology stocks have led the S&P 500 higher so far, followed by communication services and consumer discretionary names. The industrials sector ranks fourth, and Lee has named several specific industrials stocks that are ripe for the picking. The industrials stocks below are listed in ascending order of their attractiveness per Lee's ranking.

Persons: Tom Lee, Lee, Industrials Organizations: Investors, Global, JPMorgan, PMI

☆ Morningstar says buy these 10 cheap stocks that will generate steady cash flows well into the future
▼ + stars: | 2023-06-04 | by ( Akin Oyedele | ) www.businessinsider.com time to read: +2 min

At the halfway point of 2023, Morningstar has updated its list of the best stocks to buy now. Amid the uncertainty, stock pickers should find names that still offer bargain prices, and that provide consistency in terms of fundamentals and cash flows. That's according to the research firm Morningstar, which compiled a list of 10 stocks that fit the bill — and that investors should buy now. "We believe the best companies have predictable cash flows and are run by management teams that have a history of making smart capital-allocation decisions," wrote Morningstar's Susan Dziubinski in a note on Wednesday. The stocks are listed below in descending order of their price-to-fair-value ratios, a metric that accounts for a company's competitive advantage, its cash-generating potential, and the level of uncertainty about its cash flows.

Persons: Morningstar, Wells, Susan Dziubinski Organizations: Comcast, Taiwan Semiconductor Locations: Wells Fargo

☆ Another Fed rate hike in June is a bigger possibility than investors think, according to longtime strategist Lindsey Bell. She told us why, and what to buy now.
▼ + stars: | 2023-05-18 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Investors have grown confident that the Federal Reserve is done raising interest rates for now. Bell says the Fed may not be done raising rates since some important inflation measures remain high. The widespread expectation among investors is that the Federal Reserve is now on pause, and will leave interest rates where they are for a while. "The consumer and corporations are absorbing higher interest rates probably better than most people had anticipated," she said. And Lee pointed to decreases in parts of the economy that are more sensitive to interest rates.

☆ Alex Roepers has nearly doubled the S&P 500's returns over 30 years by holding only a few stocks at a time. He told us how he nails the right picks — and detailed 4 bets he's making now.
▼ + stars: | 2023-05-15 | by ( James Faris | Akin Oyedele | ) www.businessinsider.com time to read: +4 min

Hedge fund manager Alex Roepers has scored a 3,500% return in the last 30 years. Here are four stocks that the top hedge fund manager is bullish on right now. Investors who think the S&P 500's 1,900% return over the past three decades is impressive must not be familiar with the work of hedge fund manager Alex Roepers. Those tenets set a high bar for what companies can qualify for inclusion in Roepers' fund. The hedge fund manager said he looks to enter investments when they're trading at 5x-6x EV/EBITDA or 7x-8x EV/EBIT, before exiting them at 8x-9x EV/EBITDA or 11x-13x EV/EBIT.

☆ Billionaires and CEOs descended on Beverly Hills to talk recession, bank failures, and more. Here's the inside track.
▼ + stars: | 2023-05-07 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: The big takeaways from the Milken Institute Global Conference in Beverly Hills. Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference Mike Blake/ReutersThe big-money set jetted into LA last week for the Milken Global Conference. Biggest opportunityCampbell: The pullback in lending by banks is raising the hopes of those in the private credit industry. Read more:'Junk fees'Getty ImagesIt goes by many names: an administrative fee, a transaction fee, even a "regulatory compliance" fee. Akash Nigam, the founder and CEO of Genies, who is spending $2,400 a month on ChatGPT accounts for all his employees.

☆ The president of Nationwide's $175 billion retirement business shares his top tips for saving 'a couple hundred thousand dollars' by 30 — and 3 blunders to avoid
▼ + stars: | 2023-05-05 | by ( Laila Maidan | Akin Oyedele | ) www.businessinsider.com time to read: +5 min

One of the biggest blunders people make is racking up credit card debt that rolls over every month. In the fourth quarter of 2022, the average credit card APR was 20.40%, according to data from the Federal Reserve. Saving for retirementOnce you've hit the basics, it's time to look at a longer time horizon: saving for retirement, Stevenson said. And the longer you wait to start saving for retirement, the more you'll need to increase your monthly allocation to catch up. Depending on the type of account you have, it could also be set up for your retirement contributions to automatically increase with a raise.

☆ 4 of the world's elite investors agree on the biggest risks that will cause the next recession. Here's how they're each protecting clients with over half a trillion in combined assets.
▼ + stars: | 2023-05-05 | by ( William Edwards | Akin Oyedele | ) www.businessinsider.com time to read: +6 min

Below, we've their quotes on the subjects, along with how they said they're protecting their clients' money. I think it is a good chance, more than a little bit, that there will be a conflict, an invasion of Taiwan. Where to invest now: Roeper said he's bullish on aerospace companies because they're having a "pretty solid recovery" right now. The Vanguard Total Bond Market ETF (BND) offers exposure to different areas of the bond market. Where to invest now: Blake said he likes hybrid bonds, investment-grade bonds over a six-12 month duration, and private credit.

☆ Elite investors and fund managers at the legendary Milken conference warn of a recession and credit crunch
▼ + stars: | 2023-05-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Elite money managers overseeing trillions of dollars convened at the 2023 Milken Global Conference in Los Angeles this week. The consensus was clear: they think markets are mispositioned for a scenario where the central bank keeps rates higher for longer. "As our chief economist likes to say," Hunt said, "at higher rates, bodies will continue to float to the top over the course of the summer." And with yet another Fed rate hike officially in the books, financial conditions are only going to get tighter and more companies could be caught off-guard. On Wednesday, West Texas crude dropped more than 4.4%, the steep declines coming the same day as the Fed's rate hike.

☆ A $1.1 trillion investment chief shares her 3-part checklist for confirming a recession has started — and details 4 stocks she expects to outperform no matter what
▼ + stars: | 2023-05-03 | by ( James Faris | Akin Oyedele | ) www.businessinsider.com time to read: +6 min

Nuveen investment chief Saira Malik is still forecasting a recession in the next year. Malik also shares four top stocks investors can buy to set themselves up for long-term success. "The consumer — which I would have said was holding up very well — I'm worried about tighter banking conditions, tighter banking credit on the consumer," Malik said. Additionally, the labor market is now showing cracks, even though the unemployment rate remains historically low at 3.5%. 4 stocks set to outperform in a downturnDespite her concerns about the economy, Malik doesn't see a massive market sell-off coming.

☆ 5 executives at an elite investing conference shared their views on the Fed's master plan for interest rates — and the consensus was that markets are unprepared for the pain in store
▼ + stars: | 2023-05-02 | by ( William Edwards | Akin Oyedele | ) www.businessinsider.com time to read: +4 min

But executives at this week's Milken Institute Global Conference warn that may not be the case, and that markets are ill-prepared for rates to stay higher for longer. Here's the Fed's March meeting dot-plot, which shows where members of the Federal Open Market Committee see rates at the end of 2023. While markets are pricing in a pause in June at 5-5.25%, here's where they believe rates will most likely be in December: 4.25-4.5%. Below, we've compiled what five of them said on Monday about their expectations for Fed policy and financial markets. And as our chief economist likes to say, at higher rates, bodies will continue to float to the top over the course of the summer."

☆ Elite investors overseeing trillions warned the crowd at Milken about a looming US credit crunch. Here's how 2 of them say they're planning to capitalize.
▼ + stars: | 2023-05-01 | by ( James Faris | Akin Oyedele | ) www.businessinsider.com time to read: +3 min

Leaders of major asset management firms discussed the prospect of a credit crunch at the 2023 Milken Global Conference. They shared how they're planning to capitalize on the dislocations that arise. The tighter environment was top of mind during an economics panel at the 2023 Milken Global Conference, with multiple participants warning of an impending credit crunch. "The commercial real estate sector in particular, which was 50%-plus from the regional banking system, is definitely going to be limited." Hunt also discussed how PGIM is planning to react to a credit crunch: by continuing as normal and trying to absorb more market share from traditional banks.

☆ Millennial day-traders are putting Wall Street to shame as investors bank on a V-shaped recovery
▼ + stars: | 2020-06-16 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Rich Fury/GettyDear Readers,A strange dynamic is afoot in the stock market. The institutional heavyweights on Wall Street are being beaten at their own game by upstart day-traders and retail investors — and it's not been particularly close. Peter Cecchini, the former global chief market strategist at Cantor Fitzgerald, also recently weighed in on the retail-investor phenomenon. Put simply, Main Street is putting Wall Street to shame since late March. — Peter Cecchini, former global chief market strategist at Cantor Fitzgerald, commenting on Barstool Sports founder Dave Portnoy's irreverent day-trading exploits

☆ How to play the risk rally in stocks, a shift in market leadership, and an exclusive chat with the head of iShares
▼ + stars: | 2020-06-09 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

The last time we spoke, market observers were scratching their heads over the stock market's seemingly unstoppable march higher. Turns out maybe the stock market was right all along. Exclusive interview with the head of iSharesBlackRockETFs helped investors navigate the recent period of volatility, particularly in parts of fixed income where liquidity dried up. This development signals that a new breed of stocks is taking over as the market leaders for the next period of economic expansion. Strategists at the firm highlighted two pairs trades that have been performing well since the stock market hit rock bottom in March.

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