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☆ This 'locked-in' risk management advisor gets his followers hyped about 'hammering spreadsheets' and quarterly meetings
▼ + stars: | 2024-05-05 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +6 min

Davis Clarke, a risk management advisor at Citizens, has gained quite a following on social media. AdvertisementYou don't have to look far on social media to find people who are sick and tired of their office jobs. But one office worker has gained a following for his unabashedly upbeat and positive content. In one video, he's walking through downtown on a Monday morning, ready to start "hammering spreadsheets and chugging waters." Build a social media account and use it to show the world the values he cared about.

Persons: Davis Clarke, Clarke, —, he's, he'll, Tom Ranucci, Ranucci, wasn't, they'll Organizations: Citizens, Service, Citizens Bank, Business, selfies, University of Massachusetts, Amherst, Boston Marathon Locations: Boston, America, Seattle

Luxury trains in India date back to its colonial era, when opulent carriages transported dignitaries, officials and royalty. Without the money to maintain them, India's luxury rail carriages were abandoned. Blending historical elegance with modern comforts, these trains are a glimpse into India's regal past. A peek inside a dining car and a cabin show the ornate details on board India's Palace on Wheels train. Indian food served in one of the dining cars on board the luxury Maharajas' Express.

Persons: —, Sergi Reboredo Organizations: Railways, Local, The Times, Vw, Getty Locations: India, Delhi, Jaipur, Agra, Rajasthan, India Price, South India, Mysore, Bengaluru, Mumbai, Delhi Price

☆ Conan O'Brien's unhinged 'Hot Ones' appearance is how he behaved in meetings, a former writer for his show says
▼ + stars: | 2024-04-13 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Conan O'Brien's outrageous antics on the interview show "Hot Ones" have gone viral. Former "Conan" show writer Laurie Kilmartin said the behavior was typical for O'Brien. AdvertisementConan O'Brien's absolutely unhinged behavior on "Hot Ones" — the YouTube show where guests eat increasingly spicy chicken wings while being interviewed — has delighted and shocked the internet. AdvertisementPeople on X quickly declared it one of the best episodes of "Hot Ones" they'd ever seen. O'Brien's new show, "Conan O'Brien Must Go," is set to premiere on Max, HBO's streaming service, on April 18.

Persons: Conan, Laurie Kilmartin, O'Brien, —, I've, X, she'd, Kilmartin, Conan O'Brien, Max Organizations: Service, Business

☆ Morgan Stanley says stocks are pricing in a 'no landing' scenario. How to play it
▼ + stars: | 2024-04-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Morgan Stanley thinks stocks are positioning for economic growth to stay robust. A no landing scenario means the economy will continue chugging along despite higher Federal Reserve rates. Energy is the second best-performing S & P 500 sector during that time, up 16%. He also highlighted the outperformance in broader cyclical stocks, which are closely tied to the economy. To be sure, Wilson still has a 4,500 S & P 500 target for 2024 , the second lowest on CNBC Pro's Market Strategist Survey .

Persons: Morgan Stanley, Michael Wilson, Wilson Organizations: Materials, Energy, PMI, CNBC Pro's, Survey Locations: Friday's

☆ Bull market breaks its stride with the S&P 500's first 2% dip in a long while
▼ + stars: | 2024-04-06 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Was that a change in the market's character last week, or is it still the same old bull? This is generally to the good, as boring markets are bullish markets while they remain that way. Rates and commodities worries Other asset markets have also been at least inviting the question about a potential shift in character. The good news on this, as I keep insisting, is that it hasn't been a truly Fed-driven market. Though it's easy to imagine the market chafing at this kind of higher-rate, higher-growth equilibrium if it continues too much longer.

Persons: Ned Davis, Jerome Powell, hasn't, That's, We're, It's, Andrew Kelly Organizations: Ned Davis Research, Treasury, Fed, Investors Intelligence, Investment, Deutsche Bank ., New York Stock Exchange Locations: New York City, U.S

☆ Premarket stocks: The rally is sputtering. Earnings season could revive it
▼ + stars: | 2024-04-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Investors are hoping the upcoming earnings season will help bring back this year’s banner rally. The first-quarter earnings season could get the stock rally chugging along again, some investors say. Earnings season kicks off next week with quarterly updates from Delta Air Lines, Citigroup, BlackRock, JPMorgan Chase and Wells Fargo. For the millions of recent Latino immigrants in the US, construction jobs have low barriers to entry and the openings are plentiful. The crackdown comes as its rival Netflix has attributed a jump in signups from its recent crackdown on password sharing.

Persons: Stocks, FactSet, ”, Matthew Stith, Wells, Yung, Yu Ma, Francis Scott Key, Ramishah Maruf, Gloria Pazmino, We’re, It’s, Reinaldo Quintero, “, ” Read, Samantha Murphy Kelly, Bob Iger, hasn’t, Read Organizations: CNN Business, Bell, New York CNN, Investors, Bartlett Wealth Management, Delta Air Lines, Citigroup, JPMorgan Chase, BMO Wealth Management, Bureau of Labor Statistics, CNN, Disney, CNBC, Netflix Locations: New York, BlackRock, Wells Fargo, Baltimore, America, signups

☆ Did One Guy Just Stop a Huge Cyberattack?
▼ + stars: | 2024-04-03 | by ( Kevin Roose | ) www.nytimes.com time to read: +1 min

The internet, as anyone who works deep in its trenches will tell you, is not a smooth, well-oiled machine. It’s a messy patchwork that has been assembled over decades, and is held together with the digital equivalent of Scotch tape and bubble gum. Last week, one of those programmers may have saved the internet from huge trouble. Recently, while doing some routine maintenance, Mr. Freund inadvertently found a backdoor hidden in a piece of software that is part of the Linux operating system. The backdoor was a possible prelude to a major cyberattack that experts say could have caused enormous damage, if it had succeeded.

Persons: Andres Freund, He’s, Freund Organizations: Microsoft, Linux Locations: San Francisco

☆ The Titanic may play a role in who pays for the Baltimore bridge collapse. Here’s why
▼ + stars: | 2024-03-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —The massive cargo ship crash that destroyed the Baltimore’s Francis Scott Key Bridge on Tuesday will probably cost various shipping companies and insurers billions of dollars in damages. “Maritime law is steeped in antiquity. Maritime law is rooted in the need to settle disputes and enforce rules between different peoples, even before there was the concept of countries with definitive laws. That rule, known as general average, is still a guiding principle of maritime law. “it’s just a fundamental part of the way that the shipping business works,” said Martin Davies, director of the Maritime Law Center at Tulane University.

Persons: Francis Scott Key, ” Sean Pribyl, “ It’s, ”, Rhodes, Rhodians, Pribyl, “ it’s, Martin Davies, ” Davies, Dali, “ don’t, Davies, Chugging, “ Organizations: New, New York CNN, Holland, CNN, American Bar, Titanic, Star Line, White Star, Maritime Law Center, Tulane University, Grace Ocean, ”, Repair Company, Flint & Co, Supreme Locations: New York, Brooklyn, Baltimore, American, Great Britain, Southampton, Singapore, . Flint

☆ The market is near all-time highs. That doesn't mean it can't go much higher
▼ + stars: | 2024-03-27 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Looking at the recent performance of the market and several stocks in our portfolio, one thing is clear: This is a market that wants to go higher. We would much rather see stocks up on strong earnings instead of rising on lower rates that are only lower because the operating environment is deteriorating. But it's important to understand, at a high level, what kind of market we are still in — a bull market seeking new heights. We are fielding a lot of questions about how one should approach a market near all-time highs. Now, that doesn't mean stocks are on a one-way march higher and a pullback is impossible.

Persons: Jerome Powell, we've, We're, We'll, it's, –, Morgan Stanley, Coterra, Jim Cramer's, Jim Cramer, Jim, Erik McGregor Organizations: Federal Reserve, Fed, Linde, DuPont, Coterra Energy, Jim Cramer's Charitable, CNBC, Financial, LightRocket, Getty Locations: —, U.S, Russia, Ukraine, China, Taiwan, New

☆ It's been four years since the market's Covid low with the S&P 500 returning 25% annualized since
▼ + stars: | 2024-03-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.

Persons: –, Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America

☆ 'Nearing exhaustion': Top strategists warn that weaker consumer spending could cause US stocks to run out of steam — but 22 investments can thrive during a market reversal
▼ + stars: | 2024-03-16 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

Eight economists, investment chiefs, and strategists that Business Insider recently spoke to credited healthier-than-anticipated consumer balance sheets and spending for the continued expansion. "Either that, or they're going to be maxed out — they can't get any more money. They're not going to have any liquidity to be able to continue to do the things they're going to do." He's also sticking with defensive stocks as consumer spending softens, including those in the consumer staples sector like Clorox (CLX) and Procter & Gamble (PG). Real estate is a "hated asset class" that's negatively correlated with interest rates, Sekera said.

Persons: shouldn't, Kevin Gordon, Charles Schwab, they're, Sue Crotty, Ed Clissold, Ned Davis, Clark Bellin, Bellin, David Rosenberg, They're, Rob Swanke, Swanke, Preston Caldwell, Morningstar's, Dave Sekera, Sekera, Christopher Barto, Gordon, Clissold, He's, Morningstar's Sekera, Crotty, Segal Marco Advisors, She's, Barto, that's Organizations: Business, Consumers, Segal Marco, Ned, Ned Davis Research, Commonwealth Financial Network, Nasdaq, Morningstar, Fort Pitt Capital Group, Procter, Gamble, Federal Reserve, Exxon, APA Corp, Duke Energy, Segal, Energy, Healthcare Locations: Devon, Real, NiSource

Labor Market Keeps on ChuggingThere are still plenty of jobs for those who want them even as analysts say the market is returning to a more normal state.

Organizations: Labor

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

☆ Wall Street titans like Jamie Dimon, David Solomon, and Jeffrey Gundlach are still worried about a recession — and warn investors are too complacent
▼ + stars: | 2024-03-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here's a roundup of recent recession warnings from six experts:This story is available exclusively to Business Insider subscribers. Jamie Dimon, JPMorgan Chase CEOAdvertisementThere's a long history of investors being caught off guard by sudden downturns, Dimon told CNBC this week. AdvertisementSteve Hanke, Johns Hopkins professorThe US economy is headed for a recession if history is any indication, Hanke told Business Insider this week. AdvertisementPaul Dietrich, B. Riley Wealth Management's chief investment strategist"We're still on the path to recession," Dietrich told Business Insider in a recent interview. AdvertisementJeffrey Gundlach, DoubleLine Capital CEO"I think recession is closer than most people think," Gundlach said in a recent YouTube video.

Persons: —, Jamie Dimon, There's, Dimon, David Solomon, Goldman Sachs, Solomon, Ellen Zentner, Morgan Stanley's, Zentner, Steve Hanke, Johns Hopkins, Hanke, Paul Dietrich, Riley Wealth, We're, Dietrich, Jeffrey Gundlach, Gundlach Organizations: Service, Federal Reserve, Business, JPMorgan, CNBC, UBS, DoubleLine Locations: American, Russia, Ukraine, Israel

NEW YORK (AP) — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along. Yet in the United States, the economy motored ahead in last year’s fourth quarter for a sixth straight quarter of growth. But, for now, the outlook continues to appear better for the United States than many other big economies. Even China, whose economy is growing faster than the United States’, is under heavy pressure. Some pillars of support for consumer spending may be weakening.

Persons: Solita Marcelli, Biden, ”, Diane Swonk, They've, Catherine Mann, Morgan Stanley, Chris Kempczinski, he’s, ” ___ Rugaber Organizations: U.S, UBS Global Wealth Management, International Monetary Fund, KPMG, “, Federal, British, Bank of England, Bank of, Japan, Federal Reserve Locations: United States, Japan, United Kingdom, U.S, Government, Americas, Washington, Europe, Ukraine, China

☆ Taylor Swift’s talent for managing the spotlight at the Super Bowl praised by Travis and Jason Kelce
▼ + stars: | 2024-02-14 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Brothers and NFL stars Travis Kelce and Jason Kelce talked Super Bowl, and of course, Taylor Swift, on the latest episode of their “New Heights” podcast. Travis, fresh off his back-to-back Super Bowl win as a tight end for the Kansas City Chiefs replied, “Vegas Super Bowl baby, the stars are out.”“Taylor thrives in those situations. She’s been in them countless times in her life,” Travis continued. Swift also impressed Jason with an introduction to Beatles legend Paul McCartney. The two also discussed Swift’s drink chugging during the game that made the Jumbotron.

Persons: CNN —, Travis Kelce, Jason Kelce, Taylor Swift, Jason, Swift, Shaquille O’Neal, Taylor, ” Jason, “, ” “ Taylor, She’s, ” Travis, Paul McCartney, Miles Teller …, ‘ Jason, ” Organizations: CNN, CNN — Brothers, NFL, Philadelphia Eagles, Super, Kansas City Chiefs, “ Vegas Locations: ’, Melbourne, Australia

☆ The Fed can still break markets. Here’s how
▼ + stars: | 2024-02-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those gains came even as Federal Reserve officials attempted to reduce investors’ lofty expectations for a plethora of interest rate cuts this year. It is now signaling that interest rates could come this year but not until spring or summer. That means they think the Fed is keeping interest rates too high and could potentially slow down economic growth too much and risk a recession. That makes the NFL and the Super Bowl all the more valuable to advertisers trying to reach a mass market. Li-Lac Chocolates, which calls itself the oldest chocolate shop in Manhattan, told CNN that their raw chocolate prices are up 13% this February compared to a year ago.

Persons: Torsten Slok, Jerome Powell, Raphael Bostic, Olivier Darcy, Sunday’s, CNN’s John Towfighi, ”, Michele Buck Organizations: CNN Business, Bell, New York CNN, Big Tech, Federal Reserve, Investors, Nasdaq, Federal, Apollo Global Management, National Association for Business, Atlanta Fed, CNN, Kansas City Chiefs, San Francisco 49ers, CBS, Chiefs, Philadelphia Eagles, NFL, Allegiant, NFC, Fox, AFC, Super Bowl, Companies, Hershey Co Locations: New York, There’s, Las Vegas, West Africa, North America, Manhattan

☆ Taylor Swift and Beyoncé were the real stars of the Super Bowl, proving we're in the age of the upstage
▼ + stars: | 2024-02-12 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

Read previewShortly after Usher wrapped his dazzling performance at the Super Bowl halftime show, Beyoncé made a surprise appearance. Of course, the Super Bowl is an advertising opportunity as much as it's a football game. AdvertisementTaylor Swift attended the Super Bowl to cheer for her boyfriend , Kansas City Chiefs tight end Travis Kelce . Much like the Super Bowl, awards shows are designed as vehicles for promotion; to win is to bulk up your résumé, attract new fans, and make more money . AdvertisementThe key difference here is also quite simple: Very few people could pull off this kind of event-conquering announcement, Swift and Beyoncé among them.

Persons: —, Usher, Beyoncé, she'd outdone, Usher crooning, Alicia Keys, Bey's, Coldplay, Swifties, Taylor Swift, Travis Kelce, Blake Lively, Hillary Clinton, Andy Murray, Swift, it's, Travis, I'm, Kacey Musgraves Organizations: Service, Super, Verizon, Business, Kansas City Chiefs, Chiefs, NFL, Poets Department Locations: Hollywood

(AP) — When two early road losses threatened to derail No. 2 Purdue's Big Ten championship journey, the Boilermakers charted a different course. “We're just focused on winning games,” All-American center Zach Edey said after Sunday's 75-69 victory at then conference-leading and No. So instead of fretting about the early season missteps at Northwestern and Nebraska, they used the losses as fuel to keep chugging along. The Boilermakers took both titles last season, winning the regular-season crown by three games.

Persons: Matt Painter's, “ We're, Zach Edey, ”, Fairleigh, you've, ” Painter, Gene, Keady, It's, they're, Fletcher Loyer, Braden Smith, Forward Mason Gillis, Caleb Furst, Indiana's, Furst, Trey Kaufman, Renn, Lance Jones, Cameron Heide, ” Jones, “, ” Loyer, Zach Organizations: WEST LAFAYETTE, Big, Boilermakers, Purdue, Rutgers, Penn, Fairleigh Dickinson, NCAA, Michigan State, Saturday, Hoosiers, Big Ten, Indiana, Ohio State, Junior, Basketball, AP Locations: Ind, Wisconsin, Maryland, Northwestern, Nebraska, Southern Illinois

☆ Jim Cramer explains his 'no landing' call and how markets should be thinking about Fed rate cuts this year
▼ + stars: | 2024-02-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer reiterated what he wrote in his weekly column — forget the soft landing versus hard landing debate, it's no landing. 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, Dow, Stocks, Jerome Powell's, Estee Lauder, Jim, he's, Fabrizio Freda, Goldman Sachs, Goldman, Jim Cramer's Organizations: CNBC, Federal, Nasdaq, Fed, Nvidia, Wall, Big Tech

☆ Zelensky considers a major shakeup of Ukraine’s leadership, beyond expected ouster of military chief
▼ + stars: | 2024-02-05 | by ( Pierre Meilhan | Andrew Carey | ) edition.cnn.com time to read: +4 min

Zelensky did not offer clarify who would be replaced, but his comments come amid speculation over the future of army chief Valerii Zaluzhnyi. The army chief had suggested that the drafting of up to half a million additional soldiers was required, which Zelensky resisted. That operation began in June and was aimed at driving Russian forces back from the territories they have occupied since 2022, particularly in the south of the country. Zalzhnyi’s ouster would also be a politically risky move for Zelensky, given the general’s immense popularity has survived counteroffensive’s failure. A poll published by the Kyiv Institute of Sociology in December found 88% of Ukrainians supported the army chief compared to 62% for the President.

Persons: Volodymyr Zelensky, Zelensky, ”, ” Zelensky, Valerii, Zaluzhnyi, Republicans hewing, Donald Trump, Serhiy Nykyforov, Zalzhnyi, Zalzhnyi’s, CNN’s Joshua Berlinger Organizations: CNN, RAI, European Union, Republicans, Kyiv Institute of Sociology Locations: Russia, Ukraine, Orikhiv, Azov, Crimea, Zaluzhnyi, European, Washington

☆ You hear the market expects six Fed rate cuts this year — here's where that data comes from
▼ + stars: | 2024-01-31 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

This week's question: CNBC guests often say six Fed cuts are priced into the 2024 market. – Mike H. When you hear about the number of Federal Reserve interest rate cuts being priced into the market, the data comes from the CME FedWatch tool . The overnight fed funds bank lending rate is the rate that everyone is referring to when talking about Fed rate moves. You may have heard us say things like, the market is trading on Fed rate cuts. This week's question: CNBC guests often say six Fed cuts are priced into the 2024 market.

Persons: Jim Cramer, Mike H, Jerome Powell, Jim Organizations: Federal, CME, That's, CNBC

☆ Why the average Super Bowl ticket already costs nearly $11,000
▼ + stars: | 2024-01-29 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The Super Bowl in Las Vegas is now set with the Chiefs and 49ers playing for the Lombardi Trophy. According to TicketIQ, a ticket search engine that also conducts ticket market analysis, the cheapest ticket to the Super Bowl as of Monday is $8,872. This is the first time the NFL has hosted the Super Bowl in Las Vegas. Swift will be in Tokyo in the days leading up to the Super Bowl for part of the international leg of her "The Eras Tour" concerts. All these factors have created a perfect storm for the Super Bowl and demand is pushing ticket prices to a place rarely ever seen.

Persons: —, TicketIQ, Jesse Lawrence of TicketIQ, Lawrence, Patrick Mahomes, Travis Kelce, Nick Bosa, George Kittle, Sterling Skye, Brynn Anderson, Raymond James, Robin Alam, Taylor, Swift, Taylor Swift, Patrick Smith, Kelce Organizations: Chiefs, 49ers, Service, Kansas City Chiefs, San Francisco 49ers, Business, NFL, AP, Tampa Bay Buccaneers, Philadelphia Eagles, Getty, AFC, NFC Championship, Super, Super Bowl Locations: Las Vegas, Detroit, Tampa, Tokyo

☆ The rental market is getting out of hand, with millions of Americans spending the majority of their paychecks on housing
▼ + stars: | 2024-01-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're looking at how much Americans spend on rent and why cheap properties are so hard to come by. And now a new Harvard study demonstrates how costly the rental market has become, Business Insider's Pete Syme writes. Harvard's Joint Center for Housing Studies estimated 12.1 million American households spend more than half their income on rent and utilities. That number grows to 22.4 million households for those spending more than 30% of their income on rent and utilities. Meanwhile, experts predict the housing market will reverse course this year as housing inventory increases and mortgage rates fall.

Persons: —, Tom Williams, Pete Syme, BI's Eliza Relman, Juliana Kaplan, There's, that's, Angela Ostafichuk, Justin Sullivan, Mario Tama, Tesla, Elon Musk, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Business, Getty, Harvard, for Housing Studies, BI, Apple, Alaska Airlines, Boeing, American Express, Hyundai, Brands, Dolce, Gabbana Locations: Capitol, Washington, That'll, New York, London

☆ Investor shares his top 5 picks to play an uncertain macroeconomic backdrop in 2024
▼ + stars: | 2024-01-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

"To us, it looks pretty compelling, [a] pretty consistent business, and it's trading at a discount." Such concerns aren't holding back Bailey's bet on McDonald's as the fast-food giant continues to top investor expectations. MCD 1Y mountain McDonald's shares over the last year "To me, it feels a little overblown. Bailey views Progressive as a "contrarian" play in financials, seeing it gaining share from competitors such as Geico and State Farm. "That's a pretty compelling idea for us."

Persons: Mike Bailey, I've, Bailey, Wall, You've, Wall Street's, Bailey's Organizations: Capital Partners, CNBC, Amazon, Microsoft, UnitedHealth Locations: financials

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