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☆ Most of Warren Buffett’s stock portfolio is tied up in just 5 stocks. Here’s what they are
▼ + stars: | 2024-05-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Berkshire Hathaway reported Saturday its first-quarter 2024 figures, revealing that most of the conglomerate's stock portfolio is focused on just five stocks. At the end of the January-March period, Berkshire owned $135.4 billion in Apple shares , implying about 790 million shares. Apple has struggled this year, losing more than 4%, while the S & P 500 has soared 7.5% to record levels. The company also owned $24.5 billion in Coca-Cola stock — a longtime holding of Buffett's — and $19.4 billion in Chevron shares. Overall, these five positions made up about 75% of Berkshire Hathaway's stock portfolio.

Persons: Berkshire Hathaway, Warren Buffett, behemoth, Apple, — Organizations: Apple, American Express, Bank of America, Chevron Locations: Berkshire, Bank

☆ Stocks making the biggest moves midday: Boeing, Norfolk Southern, Nvidia & more
▼ + stars: | 2024-04-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

BlackBerry — BlackBerry shares popped more than 9% after the company announced a partnership with Advanced Micro Devices on robotics systems. Neogen Corp — The food safety stock shed 9% after the company reported a surprise loss of 1 cent per share. The company also trimmed its previous guidance, saying it now expects revenue to range between $920 million and $910 million for the full year. Norfolk Southern announced that it reached a $600 million settlement related to its derailment in East Palestine. Nvidia — Shares fell more than 2%, putting the chipmaker on track for its fifth losing session in six.

Persons: Tilray, FactSet, Goldman Sachs, Molson Coors, Molson, — CNBC's Michelle Fox, Sarah Min, Pia Singh, Yun Li Organizations: Moderna, Reuters, Merck, Boeing, New York Times, Google, American Eagle Outfitters, JPMorgan, Eagle Outfitters, Bank of America, EV, Molson, Pfizer, Neogen Corp, Norfolk Southern, Nvidia —, Netflix Locations: East Palestine

☆ Eli Lilly climbs on win for rival weight-loss drug, and we still feel good about Abbott Labs
▼ + stars: | 2024-03-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Abbott update : Shares of Abbott Laboratories were slightly higher Thursday, on pace for their third straight day of gains. The embattled cosmetics company was the top-performing Club stock in Thursday's session, boosted by an upgrade at Bank of America . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eli Lilly, Wegovy, Abbott, Louis, Jim, Reckitt's Mead Johnson, Mead, Johnson, Stanley Black, Decker, Estee Lauder, Lauder, there's, Jim Cramer's, AJ Mast Organizations: CNBC, Stocks, Bloomberg, Amazon Pharmacy, Rite, Abbott Laboratories, Abbott, NEC, Home, U.S, Bank of America, Jim Cramer's Charitable, Getty Locations: U.S, St, Illinois, China, Indianapolis , Indiana

☆ Leon Cooperman thinks investors may be too optimistic this year. Here's where he bought and sold in Q4
▼ + stars: | 2024-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman has warned market participants to expect stocks to struggle as long-term Treasury yields rise or remain elevated. Despite those concerns, Cooperman snapped up shares of many lesser-known stocks in the fourth quarter, according to regulatory fillings. Despite the soccer club's stock rising 3% in the fourth quarter, shares still ended 2023 down more than 12%. Shares have climbed more than 3% so far in the new year, making up some ground after sliding in the fourth quarter and 2023 as a whole. Cooperman, who spent a quarter century at Goldman Sachs before founding Omega, also made smaller additions to several holdings.

Persons: Leon Cooperman, Cooperman, Goldman Sachs, —, Yun Li Organizations: Omega, Federal Reserve, Manchester United, Fidelis Insurance, Las Vegas Sands, Elevance Health, Bank of America, Citigroup, Ellington Financial Locations: Las Vegas, Bank

☆ Hewlett Packard Enterprise tops the 2024 JUST 100 list with market-leading worker benefits
▼ + stars: | 2024-02-05 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Antonio Neri, CEO, Hewlett Packard Enterprise, at the NYSE, Oct. 19, 2023 Source: NYSETechnology stocks have taken back the No. 1 spot in the JUST 100, an annual ranking of large public companies on issues of key importance to the American public, with Hewlett Packard Enterprise topping last year's No. Career advancement opportunities, worker training and development, benefits and retention are other issues which helped push HPE and other companies higher in the 2024 JUST 100 rankings. All of these issues, Whittaker said, "cluster all around the questions of 'How good am I as an employer?'" Whittaker said that's also the case with the key worker issues that are the most heavily weighted in the rankings.

Persons: Antonio Neri, HPE, Martin Whittaker, Paul Tudor Jones, It's, it's, Whittaker, Kristin Major, we've, Russell, Major, that's Organizations: Hewlett Packard Enterprise, NYSE, NYSE Technology, of America, Capital, Just, Just Capital, Apple, Microsoft, Citigroup, Elevance, Devices, Micron Technology

☆ I moved to San Francisco despite the negative things I'd heard. The cost of living is high but it's worth it.
▼ + stars: | 2024-02-01 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Julia Stevens, a 25-year-old who recently moved to San Francisco. In August 2022, a few of my college friends who'd moved to San Francisco invited me to visit them. I'd traveled in Europe during college; even still, San Francisco was the most beautiful and striking place I'd ever seen. San Francisco was perfect for the career path I wanted to takeI majored in English and minored in environmental science. The cost of living is the biggest downsideI wasn't fully prepared for the high cost of living in SF .

Persons: —, Julia Stevens, who'd, San Francisco, I'd, didn't, I've, I'm, outdoorsy, El Salvadorian, it'll Organizations: Service, Business, San, Facebook, Craigslist, Raleigh Locations: San Francisco, Raleigh, America, Europe, San, North Carolina, Santa Cruz, East

☆ Reaction to Drone Strike on US Troops in Jordan
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

WASHINGTON (Reuters) - Three U.S. service members were killed and as many as 34 wounded, United States officials said on Sunday, after a drone attack in Jordan that they linked to Iranian-backed militants. REPUBLICAN FORMER PRESIDENT DONALD TRUMP"The drone attack on a U.S. Military Installation in Jordan, killing 3 American service members, and wounding many more, marks a horrible day for America ... This brazen attack on the United States is yet another horrific and tragic consequence of Joe Biden's weakness and surrender." MITCH MCCONNELL, US SENATE REPUBLICAN LEADER"Last night, the cost of failure to deter America's adversaries was again measured in American lives. CHUCK SCHUMER, US SENATE DEMOCRATIC LEADER"We mourn the deaths of the three service members killed by a drone attack in Jordan from an Iran-backed militant group.

Persons: JOE BIDEN, DONALD TRUMP, Joe Biden's, LLOYD AUSTIN, MICHAEL MCCAUL, MITCH MCCONNELL, CHUCK SCHUMER, HAKEEM JEFFRIES, Jordan, ISRAEL KATZ, ROGER WICKER, Biden, JACKY ROSEN, Susan Heavey, Kanishka Singh, Emily Rose, Hatem Maher, Heather Timmons, Matthew Lewis, Lisa Shumaker Organizations: WASHINGTON, United, DEMOCRATIC, REPUBLICAN, U.S, America, HOUSE, DEMOCRAT ON Locations: United States, Jordan, Iranian, Israel, Gaza, Iran, U.S, REPUBLICAN, Egypt, Hashemite Kingdom

☆ Stock futures are little changed on Tuesday evening: Live updates
▼ + stars: | 2024-01-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023. Stock futures were flat in overnight trading following a losing session to kick off the holiday-shortened trading week. Futures tied to the Dow Jones Industrial Average hovered near the flatline, along with S&P 500 futures . Interactive Brokers lost nearly 3% in extended trading after posting fourth quarter adjusted earnings that fell short of expectations. The Federal Reserve's beige book and business inventories for November are also slated for Wednesday, along with remarks from New York Federal Reserve Bank President and CEO John Williams.

Persons: Stocks, Christopher Waller, Goldman Sachs, Morgan Stanley, Jeffrey Buchbinder, Dow Jones, Charles Schwab, John Williams Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Interactive, Federal Reserve, Dow, Bank of America, LPL, U.S . Bancorp, New York Federal Reserve Bank Locations: New York, New

☆ Why 'Made in America' will make everything more expensive
▼ + stars: | 2023-10-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

While this could create American jobs, it could make a wide range of products more expensive. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But fewer made-in-China product labels will likely also mean higher prices for Americans at the checkout line. Given it's generally more expensive to manufacture goods in the US than China, shoppers could have to pay more for made-in-America items like clothes, toys, and furniture. That's because higher prices could make it more difficult for the Federal Reserve to cool inflation .

Persons: —, JPMorgan's, reshoring, Jerome Powell Organizations: Federal Reserve, Service, JPMorgan, Reshoring Initiative, Economic, of New Locations: China, America, Mexico, Ukraine, Israel, of New York

☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
▼ + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.

Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic

☆ I'm taking an 8-month break from my job to focus on my mental health and goals. Here's how I planned and saved for it.
▼ + stars: | 2023-09-25 | by ( Taryn Williams | ) www.businessinsider.com time to read: +5 min

After years of putting her mental health second to her career, she's prioritizing her well-being. Now that I'm financially able to take a break, I've decided to take a gap year in my 30s. Here's why I've made this decision and how I'm going to make it happen. I'm going to embrace ethical and slow travelI'm planning to visit Chile, Argentina, Bolivia, and Ecuador. I'm going to strive to regain the Spanish fluency I've lost over the past few years, meditate daily, and get outside every day.

Persons: Taryn Williams, would've, I'm, I've, Dunkin, it's, journaling Organizations: Service Locations: Alaska, South America, Wall, Silicon, Airbnbs, Chile, Argentina, Bolivia, Ecuador, Antarctica

☆ FIA issues written warning to Red Bull's Marko for Perez comments
▼ + stars: | 2023-09-15 | by ( Tom Westbrook | ) www.reuters.com time to read: +2 min

Marko, 80, apologised last week after referring to Perez as a "South American" who was less focused than dominant Red Bull team mate Max Verstappen or the team's now-retired champion Sebastian Vettel. "We can confirm that Helmut Marko has received a written warning and been reminded of his responsibilities as a public figure in motor sport in line with the FIA Code of Ethics," said an FIA spokesman at the Singapore Grand Prix. Perez said on Thursday he had accepted a personal apology from Marko, whose comments continued to provoke a strong reaction in the paddock. It was not the first time Marko had referred to Perez as a South American, although the Mexican comes from Guadalajara which is geographically in North America. "I'm Italian so I know that sometimes we have been facing the same comments," said Alfa Romeo's Alessandro Alunni Bravi.

Persons: Gilles Villeneuve, Sergio Perez, Helmut Marko, Evan Buhler, Marko, Perez, Max Verstappen, Sebastian Vettel, Mercedes, Toto Wolff, hasn't, Lewis Hamilton, McLaren, Zak Brown, Verstappen, Alessandro Alunni Bravi, Alan Baldwin, Ken Ferris Organizations: Prix, Grand Prix REUTERS, Rights, Red Bull, FIA, Singapore, Formula One, Mexican, One, Thomson Locations: Montreal, Canada, Rights SINGAPORE, Austrian, Mexican, Guadalajara, North America, Mexico, South America, London

☆ The evolution of the Volkswagen bus — from Type 2 to the electric ID Buzz
▼ + stars: | 2023-08-25 | by ( Sydney Boyo | ) www.cnbc.com time to read: +2 min

The Volkswagen Type 2 bus, known for its split windows, rear engine and distinctive colors, is making a comeback. In 2024, Volkswagen will deliver its electric ID Buzz line to North America . From 1950 to 2003, four generations of the Type 2 bus were sold in the U.S., with nearly 1 million total deliveries, according to VW. "After the Eurovan, the minivan segment was sort of on the decline," said Jeffrey Lear, product manager of electric vehicles for Volkswagen of America. It is the bus segment."

Persons: Damon Ristau, Jeffrey Lear, Lear, We'll Organizations: Volkswagen, VW, America Locations: North America, U.S, America, Europe, American

☆ These stocks stand to gain from Biden's historic climate bill, according to BofA
▼ + stars: | 2023-07-19 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +1 min

In the almost-year since the historic climate bill was passed, 270 new clean energy projects have been announced with investments totaling $130 billion, according to a tally from Bank of America . Companies that build clean technology and their suppliers will be big winners as energy infrastructure goes through the transition from depending on fossil fuels to decarbonized sources of energy, a recent BofA research note said. In that research note, BofA identified stocks that stand to benefit from the IRA, organized by themes. The list includes only stocks that BofA has rated as "buy," and this list includes only those that have a climate tie-in. (The IRA also included some reforms to prescription drugs, but stocks related to those provisions are excluded here.)

Persons: Biden Organizations: Bank of America . Companies

☆ I went to Phillips Exeter, one of the most elite boarding schools in America. It changed my life, but I wouldn't send my kids there.
▼ + stars: | 2023-07-14 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

While she had a positive experience, she decided not to send her own children to boarding school. I went to Phillips Exeter Academy , which is ranked by Niche as the third-best boarding high school in America . The school gave me extra confidence and a great education, but I don't think boarding school is the right fit for everyone. She had friends who sent their kids to boarding schools, and she wanted me to have that experience. My children are 10 and 12, and given their more comfortable upbringing, I couldn't picture sending them away to boarding school.

Persons: Kelly Johnson, Arbor, Phillips, didn't, Phillips Exeter, I'd, I'm, weren't, Exeter, I've Organizations: Service, Capital Poison Center, MedStar Georgetown University Hospital, Phillips Exeter Academy, Niche, East Coast, Andover, Harvard Locations: Wall, Silicon, Washington , DC, America, Anchorage , Alaska, Exeter , New Hampshire, Alaska, Exeter

☆ I was a scholarship kid at an elite boarding school. It changed my life, but I'd never send my own kids away.
▼ + stars: | 2023-07-14 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Kelly Johnson-Arbor said boarding school stabilized her life and helped her overcome shyness. While she had a positive experience, she decided not to send her own children to boarding school. The school gave me extra confidence and a great education, but I don't think boarding school is the right fit for everyone. She had friends who sent their kids to boarding schools, and she wanted me to have that experience. My children are 10 and 12, and given their more comfortable upbringing, I couldn't picture sending them away to boarding school.

Persons: Kelly Johnson, Arbor, Phillips, didn't, Phillips Exeter, I'd, I'm, weren't, Exeter, I've Organizations: Phillips Exeter, Service, Capital Poison Center, MedStar Georgetown University Hospital, Phillips Exeter Academy, Niche, East Coast, Andover, Harvard Locations: Wall, Silicon, Washington , DC, America, Anchorage , Alaska, Exeter , New Hampshire, Alaska, Exeter

Solar panel manufacturer First Solar emerged as this week's biggest gainer, with shares surging 26.3% as of Friday morning. Approximately 41% of analysts covering the stock rate it a buy, according to FactSet. To be sure, the stock is already 2.6% above analysts' consensus price target. More than half of analysts covering Albemarle rate it a buy, according to FactSet data. The stock is up approximately 15% in 2023, and analysts estimate additional 6% growth, based on the average price target.

☆ Should investors buy regional bank stocks? A bull and a bear weigh in — and share 3 top picks
▼ + stars: | 2023-04-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

A bull and a bear on U.S. regional banks faced off on CNBC's " Street Signs Asia " on Thursday and shared their stock picks. 'Not the environment' for regional banks It's "not the environment" for regional banks right now, said Brian Stutland, portfolio manager at Equity Armor Investments. Stock picks For investors still keen on regional bank stocks, Marinac said his top two picks are Fifth Third Bancorp and First Citizens . First Citizens announced in late March that it will buy over Silicon Valley Bank's deposits and loans. He highlighted "the fact that [regional bank] stocks are down 40% when you've had earnings down about 5%.

☆ JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
▼ + stars: | 2023-04-14 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here's what Wall Street expects:Earnings: $3.41 per share, 29.7% higher than a year earlier, according to Refinitiv. For instance, JPMorgan likely benefited from an influx of deposits after Silicon Valley Bank and Signature Bank experienced fatal bank runs. That's because smaller banks faced pressure last month as customers sought the perceived safety of megabanks including JPMorgan and Bank of America . JPMorgan is expected to post a $2.27 billion provision for credit losses, according to the StreetAccount estimate.

☆ For Regional Banks, Does More Debt Mean Fewer Problems?
▼ + stars: | 2023-04-01 | by ( Telis Demos | ) www.wsj.com time to read: 1 min

Silicon Valley Bank might have benefited from more debt. A lot of discussion right now is about the bonds that American banks hold. One tidbit from lawmakers’ grilling of regulators should catch investors’ attention: a proposal to expand a requirement for issuing long-term debt. Today this debt requirement applies only to megabanks with over $700 billion in assets, the likes of JPMorgan Chase or Bank of America . Regulators are looking at expanding it to banks with over $250 billion of assets and even smaller, The Wall Street Journal has reported.

☆ Top banking analyst Mike Mayo just made two regional banks his prime picks to buy
▼ + stars: | 2023-03-22 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Regional banks PNC and U.S. Bancorp could prove smart picks in the sector while it's still feeling pressure from the latest crisis, Wells Fargo said. Investors have zeroed in on regional bank stocks in recent days while trying to decipher whether plans to help First Republic shore up liquidity are enough to keep the bank afloat. The SPDR S & P Regional Bank ETF (KRE) has risen 6% this week, regaining some of the ground lost last week, when it slid 14%. U.S. Bancorp, the parent of U.S. Bank, completed its acquisition of Union Bank's regional franchise near the end of 2022. 'Highest quality banks' Mayo called both among the "highest quality banks," noting a strong history of underwriting.

☆ Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure
▼ + stars: | 2023-03-22 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

Cory Booker and Raphael Warnock have urged the CEOs of 10 major banks to waive overdraft and nonsufficient fund fees that could cost some Americans more than $100 a day in the wake of the failures of Silicon Valley Bank and Signature Bank. The letters went to the CEOs of Wells Fargo , U.S. Bank , Truist Financial Corp ., TD Bank , Regions Financial Corp ., PNC Bank , JPMorgan Chase , Huntington National Bank , Citizens Bank and Bank of America . Regulators shuttered New York-based Signature Bank days later in an effort to stall a potential banking crisis. Booker and Warnock said banking customers whose paydays fell between March 10 and March 13 were unable to receive or deposit checks from payroll providers banking with SVB and Signature Bank. Treasury Secretary Janet Yellen on Tuesday said the department is prepared to guarantee all deposits for financial institutions beyond SVB and Signature Bank if the crisis worsens.

☆ Pricey Child Care Is Keeping Many Parents Out of the Workforce
▼ + stars: | 2023-03-18 | by ( Harriet Torry | Photographs Kim Raff For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Many lower-income Americans who left the workforce when the pandemic began three years ago are staying on the sidelines because of a lack of child care, a factor contributing to worker shortages and historically low unemployment. An estimated 380,000 Americans in their prime working years, aged 25 to 54, held jobs before the pandemic but no longer did late last year, according to estimates from Bank of America . Bank economists said the lack of affordable and quality child care is a significant factor.

☆ Is the traditional 60/40 portfolio dead? Morgan Stanley's Jim Caron has a theory about that
▼ + stars: | 2023-03-02 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

2022 was the worst year the "60/40 portfolio" had since 1926 . But Morgan Stanley 's Jim Caron is unconvinced by the rally, calling the 60/40 strategy "a thing of the past." "But that was when interest rates were falling from 1980 to 2021. The logic of holding a 60/40 portfolio for the long term appears "broken," he wrote in a Feb. 13 note. The shift from a 2% [average fed funds rate] world to a 5% world means structurally higher inflation and interest rates," he said.

☆ Nvidia vs. TSMC: Wall Street pros name their favorite stock as chip battle heats up
▼ + stars: | 2023-02-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Warren Buffett's Berkshire Hathaway has dumped most of its stake in TSMC, just months after buying the Taiwanese chipmaker's stock. TSMC TSMC, meanwhile, is sometimes seen as a barometer of the strength of the U.S. consumer, with Apple among its biggest customers. This is a Game of Thrones battle and AI is here to stay with Nvidia a great play on that front. TSMC is a global chip recovery play that is well positioned with Nvidia in the left lane of innovation," he told CNBC Pro. "TSMC is the short-term play with Nvidia more of the longer-term AI bet."

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