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☆ Destination Wealth Management CEO: Tech, financials and pharma are attractive
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDestination Wealth Management CEO: Tech, financials and pharma are attractiveMichael Yoshikami, founder and CEO at Destination Wealth Management, joins CNBC's 'The Exchange' to share outlooks on the Fed's rate decision, sectors best positioned to benefit in the higher-for-longer environment, and more.

Persons: Michael Yoshikami Organizations: Wealth, Tech, pharma, Destination Wealth Management

☆ 'At worst I see a shallow recession, at best I see a soft landing,' analyst says
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'At worst I see a shallow recession, at best I see a soft landing,' analyst saysMichael Yoshikami, CEO of Destination Wealth Management, says the company's base case is three interest rate cuts from the U.S. Federal Reserve.

Persons: Michael Yoshikami Organizations: Destination Wealth Management, U.S . Federal Reserve

☆ Underweight China and Hong Kong on 'significant fundamental issues' in the market: Michael Yoshikami
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnderweight China and Hong Kong on 'significant fundamental issues' in the market: Michael YoshikamiMichael Yoshikami of Destination Wealth Management explains why he is underweight emerging markets despite strong gains in the Indian and Japanese markets.

Persons: Michael Yoshikami Michael Yoshikami Organizations: Wealth Management Locations: China, Hong Kong

☆ Beware of market exuberance following a Fed rate cut: Michael Yoshikami
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeware of market exuberance following a Fed rate cut: Michael YoshikamiMichael Yoshikami of Destination Wealth Management says he's looking for an improvement in market breadth for an indication of when investors should enter the market.

Persons: Michael Yoshikami Michael Yoshikami Organizations: Wealth Management

☆ Don't just focus on China weakness when investing in multinational companies: Portfolio manager
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't just focus on China weakness when investing in multinational companies: Portfolio managerMichael Yoshikami of Destination Wealth Management says investors should look beyond Chinese market weakness when it comes to investing in multinational companies like Apple, Starbucks and Nike.

Persons: Michael Yoshikami Organizations: Wealth Management, Apple, Starbucks, Nike Locations: China

☆ It wouldn't be 'catastrophic' for Amazon if it was broken up: Michael Yoshikami
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt wouldn't be 'catastrophic' for Amazon if it was broken up: Michael YoshikamiMichael Yoshikami of Destination Wealth Management discusses the FTC's monopoly lawsuit against Amazon and what it means for the U.S. online retail sector.

Persons: Michael Yoshikami Michael Yoshikami Organizations: Wealth Management, Amazon, U.S

☆ Disney has a 'structural' problem, but its park business is fine: Michael Yoshikami
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney has a 'structural' problem, but its park business is fine: Michael YoshikamiMichael Yoshikami of Destination Wealth Management says that the strength of Disney's brand will help them through structural problems such as the transition to streaming.

Persons: Michael Yoshikami Michael Yoshikami Organizations: Disney, Wealth Management

☆ Tech stocks are frothy but big names with earnings are worth holding: Wealth manager
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech stocks are frothy but big names with earnings are worth holding: Wealth managerMichael Yoshikami, CEO of Destination Wealth Management, discusses a bumper first half for U.S. Big Tech and how investors wary of overvaluation can retain a balanced portfolio.

Persons: Michael Yoshikami Organizations: Tech, Destination Wealth Management, U.S . Big Tech

☆ India's growth is set to power ahead. Analyst names sectors with the 'best value'
▼ + stars: | 2023-06-14 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Birds flying over the corridor of the Jama Masjid at sunrise in New Delhi on October 27, 2016. India's growth is looking like a "bright spot" as the country's outsourcing sector remains robust on top of an increasing trend of tech companies moving their manufacturing lines to the country, according to the CEO of Destination Wealth Management. The International Monetary Fund recently released its forecast for India's economy to expand by 5.9% in 2023. A large part of this is driven by India's outsourcing sector being on pace to keep its momentum, said the CEO. Many companies are opting to outsource software development projects to India for quality at reasonable costs, according to Krina Mehta, a co-founder of U.S.-based offshore software development company Fortune Infosys.

Persons: Michael Yoshikami, he's, Krina Mehta, Yoshikami Organizations: Destination Wealth Management, Monetary Fund, U.S, Fortune Infosys Locations: Jama, New Delhi, India

☆ India is a 'bright spot' in terms of global growth rates, says wealth management firm
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia is a 'bright spot' in terms of global growth rates, says wealth management firmMichael Yoshikami, founder of Destination Wealth Management, says that's particularly because tech companies are "starting to move forward in terms of manufacturing in India."

Persons: Michael Yoshikami Organizations: Destination Wealth Management Locations: India

☆ A U.S. recession would be 'good news' for markets, strategist says
▼ + stars: | 2023-05-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

U.S. consumer price inflation eased to 4.9% year on year in April, its lowest annual pace since April 2021. Markets took the new data from the Labor Department earlier this month as a sign that the Federal Reserve's efforts to curb inflation are finally bearing fruit. They eventually opted for another 25 basis point increase at the time, taking the target fed funds rate to between 5% and 5.25%. By November 2024, the market is pricing a 24.5% probability — the top of the bell curve distribution — that the target rate is cut to the 2.75%-3% range. "To me, it all really is going to come down to 'is the economy gonna touch near a recession?'

☆ Concerns over the debt ceiling could lead to a sell-off, says Destination Wealth's Michael Yoshikami
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConcerns over the debt ceiling could lead to a sell-off, says Destination Wealth's Michael YoshikamiMichael Yoshikami, CEO of Destination Wealth Management, joins 'The Exchange' to discuss opportunities in short-term and fixed income markets, rebalancing portfolio strategies, and big cap tech names to invest in.

☆ Cost control, not DeSantis controversy, is what's 'material' to Disney, says wealth management firm
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCost control, not DeSantis controversy, is what's 'material' to Disney, says wealth management firmMichael Yoshikami of Destination Wealth Management explains why he thinks CEO Bob Iger will be able to turn Disney around.

☆ Lesson for banks from SVB is to not take 'too much risk', says Michael Yoshikami
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLesson for banks from SVB is to not take 'too much risk', says Michael YoshikamiMichael Yoshikami, CEO of Destination Wealth Management believes Silicon Valley Bank took too much risk, and he views larger, established banks as more favorable.

☆ We're probably going to see a 'shallow recession,' says wealth management firm
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're probably going to see a 'shallow recession,' says wealth management firmMichael Yoshikami of Destination Wealth Management predicts a shallow recession because "the Fed has increased interest rates [sufficiently] to significantly slow down the economy."

☆ China is pivoting toward a 'more nationalistic perspective,' says wealth management firm
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is pivoting toward a 'more nationalistic perspective,' says wealth management firmMichael Yoshikami of Destination Wealth Management says China is moving less toward a financial perspective.

☆ Watch CNBC's full interview with Don Peebles, Michael Yoshikami and Todd Jablonski
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Don Peebles, Michael Yoshikami and Todd JablonskiDon Peebles, The Peebles Corp. chairman and CEO, Destination Wealth Management CEO Michael Yoshikami and Todd Jablonski of Principal Global Investors, join ‘The Exchange’ to discuss what's moving the market, why the bond market is rallying and more.

☆ Soft landing is a dicey bet, says Destination Wealth's Michael Yoshikami
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoft landing is a dicey bet, says Destination Wealth's Michael YoshikamiMichael Yoshikami, founder and CEO with Destination Wealth Management, joins 'Power Lunch' to discuss signs of successful inflation mitigation, better than expected PPI numbers and addressing supply concerns with China's reopening.

☆ China's economy will continue to struggle, says wealth management firm
▼ + stars: | 2023-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economy will continue to struggle, says wealth management firmMichael Yoshikami of Destination Wealth Management says the country still has "some real fundamental problems" in addition to Covid-19.

☆ What's next after a brutal year for tech? Market watchers share their views — and top stock picks
▼ + stars: | 2022-12-26 | by ( Zavier Ong | ) www.cnbc.com time to read: +7 min

If you invested in tech stocks in 2022, chances are you're sitting on a loss right now. As they head into 2023, investors could be forgiven for thinking that the worst of the tech rout is over. Big Tech is 'not dead' Michael Yoshikami, founder and CEO of Destination Wealth Management, said Big Tech is "not dead," though it will take time to recover. Goldman Sachs and Citi also see pockets of opportunities within Big Tech, with both naming Amazon and Meta Platforms as their top picks for 2023. The sector has traditionally been viewed as a growth sector, but some analysts say tech stocks are now value stocks instead.

☆ 'Boring. That's the key': Investor recommends 6 big-cap stocks for another rocky year ahead
▼ + stars: | 2022-12-22 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

The stock market has been extremely rocky this year, and market watchers aren't expecting that to change in 2023. Stock picks While many investors shunned tech stocks this year, including the biggest names in the sector, Yoshikami has three Big Tech stocks among his top picks. Yoshikami also likes Alphabet for its digital advertising platform and "dominant" global market position in search. Costco is another stock that Yoshikami likes, given the company's "solid track record as a well operated and efficient" retailer. "Given the high operating leverage these businesses face, the stronger financial position of Airbus is a key advantage," Yoshikami said.

☆ Watch CNBC’s full interview with Destination Wealth Management CEO Michael Yoshikami
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Destination Wealth Management CEO Michael YoshikamiMichael Yoshikami, Destination Wealth Management CEO, joins 'The Exchange' to discuss the weakness in Big Tech and the outlook for the sector.

☆ People will migrate to Big Tech when they have nowhere else to invest, says Destination Wealth's Yoshikami
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople will migrate to Big Tech when they have nowhere else to invest, says Destination Wealth's YoshikamiMichael Yoshikami, Destination Wealth Management CEO, joins 'The Exchange' to discuss the weakness in Big Tech and the outlook for the sector.

☆ Time to be more cautious on speculative tech, says Destination Wealth Management's Michael Yoshikami
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTime to be more cautious on speculative tech, says Destination Wealth Management's Michael YoshikamiMichael Yoshikami, Destination Wealth Management founder and CEO, joins 'TechCheck' to discuss pressure on venture capital investment toward tech, tech companies financing future operations and trade recommendations within the tech space.

☆ Why tech companies in transition raise red flags for Destination Wealth's Michael Yoshikami
▼ + stars: | 2022-12-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy tech companies in transition raise red flags for Destination Wealth's Michael YoshikamiMichael Yoshikami, founder and CEO with Destination Wealth Management, joins 'Power Lunch' to discuss why he believes a Fed pivot is near, short duration opportunities in fixed-income, and fundamental investor strategies.

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