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☆ Why Apple will be the big winner of AI's 2nd wave, according to 'Big Short' investor Steve Eisman
▼ + stars: | 2024-05-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Steve Eisman told Bloomberg TV that Apple will benefit from the coming wave of AI-based applications. Prospects of an AI iPhone have spurred bullish calls among other analysts. AdvertisementApple is well positioned to exploit the second leg of artificial intelligence, as the technology starts to take the form of mobile applications, Steve Eisman said. Sacconaghi's bullishness preceded Apple's winning earnings, during which CEO Tim Cook teased big AI announcements to come. AdvertisementWhen it comes to AI, Eisman has previously touted big investments in infrastructure, which would benefit from the tech's massive power demand.

Persons: Steve Eisman, —, everybody's, Neuberger Berman, we're, Eisman, Bernstein's, Toni Sacconaghi, Sacconaghi's bullishness, Tim Cook, Dan Ives Organizations: Bloomberg, Apple, Service, Nvidia, AMD, Cook, Co, Securities, Worldwide Locations: China

☆ Billionaire investor Howard Marks says AI's impact doesn't make it immune to a crash
▼ + stars: | 2024-04-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AI is transformative, but it's hard to determine its stock winners, Howard Marks told CNBC. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementArtificial intelligence might end up changing the world, but that alone can't determine the success of its underlying assets, Howard Marks said. When it comes to AI, Marks acknowledged the technology's transformative potential, and he himself can't say whether its beneficiaries are already under or overvalued. "So to say well, I think that AI will be very important, that's the easy part," the billionaire investor said.

Persons: Howard Marks, —, it's, Marks, Goldman Sachs, Wall, Steve Eisman, they're Organizations: CNBC, Service, Bank of America

☆ 'Big Short' investor Steve Eisman details the 4 themes that have him betting on a turbocharged infrastructure boom instead of chasing AI hype
▼ + stars: | 2024-04-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview2008's housing crash might be long over, but Steve Eisman is not done looking for the next big macro trade. The investor — famous for his subprime mortgage bet, as documented in "The Big Short" — is now eyeing infrastructure as biggest winner of today's conditions. "You take all four of those boxes, and you turbocharge them by the fact that the United States has not had an industrial policy in anyone's lifetime," Eisman said. While Eisman believes in AI and infrastructure, he has no faith in crypto's potential, he said.

Persons: —, Steve Eisman, Eisman, Neuberger Berman —, they've, Eaton, United States — everybody's Organizations: Service, Business, JPMorgan, Apple Locations: United States

☆ ‘Big Short’ investor Steve Eisman is betting big on infrastructure. Here are his top picks
▼ + stars: | 2024-04-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" fame has been bullish on infrastructure stocks after studying the industry for the past two years, and here are the companies he likes the most. Eisman, senior portfolio manager at Neuberger Berman, said he has narrowed the universe of investable stocks to 80 stocks. The stocks Eisman passed up included residential solar companies, which already had a great run during the Covid-19 pandemic as major beneficiaries of zero interest rates. Instead, Eisman likes solar panel companies that sell to utilities, which he said are doing well from a fundamental perspective. CRH 1Y mountain CRH PLC Eisman shot to fame by betting against subprime mortgage loans before the 2008 financial crisis, as chronicled in Michael Lewis' "The Big Short" and the subsequent Oscar-winning movie based on the book.

Persons: Steve Eisman, Neuberger Berman, Bloomberg's, Eisman, Michael Lewis Organizations: Eaton Corporation, CRH Locations: Eaton, Ireland, U.S

☆ Watch Fed Chair Powell speak live at Stanford policy conference economic forum
▼ + stars: | 2024-04-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday to the Stanford Business, Government and Society forum. But he also said the timing isn't certain and policymakers need more evidence that inflation is moving toward the Fed's 2% goal. Atlanta Fed President Raphael Bostic said Wednesday he thinks there could be just one cut this year, though his colleagues on the Federal Open Market Committee have indicated three. Markets expect the Fed to start down the path of easing in June or July, with a total of three cuts coming by the end of 2024.

Persons: Jerome Powell, Powell, Raphael Bostic, Bostic, Steve Eisman Organizations: Stanford Business, Government, Society, Atlanta Fed, Federal, Read, Fed, CNBC, YouTube

☆ ‘Big Short’ investor Steve Eisman: I personally think there should be no Fed rate cuts this year
▼ + stars: | 2024-04-02 | 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‘Big Short’ investor Steve Eisman: I personally think there should be no Fed rate cuts this yearSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, the state of the economy, the Fed's interest rate outlook, and more.

Persons: Steve Eisman, Neuberger Berman

☆ Steve Eisman says the Fed shouldn't cut rates, risks creating a stock market bubble if it does
▼ + stars: | 2024-04-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

If the Federal Reserve follows through on plans to lower interest rates it could lead to a stock market bubble, in the view of Neuberger Berman portfolio manager Steve Eisman. The central bank last month penciled in three potential quarter percentage point rate cuts by the end of 2023, along with multiple other cuts coming in future years. I personally think there should be no Fed cuts this year," he said during an interview on CNBC's " Squawk Box ." My actual fear is that if the Fed were actually to cut rates, the market becomes bubblicious and then we have a real problem. Markets in fact have grown nervous this week as hopes have waned for rate cuts.

Persons: Neuberger Berman, Steve Eisman, Jerome Powell, Eisman, Powell Organizations: Federal, Institute for Supply Management, Stanford Business, Government, Society, Labor Department, Fed

☆ The Fed cutting rates too early risks sparking a worst-case scenario of resurgent inflation, 'The Big Short' investor Steve Eisman says
▼ + stars: | 2024-02-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The investor of "The Big Short" fame said inflation could rise if the Fed cuts rates too early. AdvertisementThe best thing the Fed can do right now is nothing, because cutting interest rates too early risks sparking a "worst-case" scenario, according to "The Big Short" investor Steve Eisman. That caused inflation to skyrocket past 14% in 1980, while effective interest rates in the economy notched 19% the following year. The Fed has been fighting inflation since March 2022, when central bankers began their campaign to aggressively raise interest rates and tighten financial conditions. Fed officials have said they aren't poised to cut interest rates until they're more confident inflation will return to the 2% price target.

Persons: Steve Eisman, —, Eisman Organizations: Service, Bloomberg, Fed, Deutsche Bank

☆ 'Big Short' investor Steve Eisman: Deep down Fed's Powell is 'petrified' of redoing Volcker again
▼ + stars: | 2024-02-05 | 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 Email'Big Short' investor Steve Eisman: Deep down Fed's Powell is 'petrified' of redoing Volcker againSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss the state of the economy, the hot jobs data and impact on the Fed's rate path decision, latest market trends, and more.

Persons: Steve Eisman, Fed's Powell, redoing Volcker, Neuberger Berman

☆ ‘The Big Short’ investor Steve Eisman doesn't see a systemic problem from commercial real estate losses
▼ + stars: | 2024-02-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"It's confined to office real estate," Eisman said in CNBC's " Squawk Box ." "Office real estate is confined to certain community banks and regional banks. It's not a big bank problem....I just don't see a systemic or big problem at this point that's going to hurt the economy." NYCB took over the failed Signature Bank during the regional bank crisis in 2023. "Office real estate is not big enough to have a real big negative effect on the economy," he said.

Persons: Steve Eisman, Eisman, NYCB, Neuberger Berman, he's Organizations: New York Community Bancorp, Bank Locations: CNBC's, NYCB

☆ The Fed shouldn't 'waste' rate cuts now and risk another inflation spike, 'Big Short' investor Steven Eisman says
▼ + stars: | 2024-02-05 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The Fed shouldn't waste rate cuts right now and risk a resurgence of inflation, "Big Short" investor Steven Eisman said. AdvertisementThe US economy is healthy, which means the Fed shouldn't needlessly cut rates, "The Big Short" investor Steven Eisman said. AdvertisementBut Eisman thinks there's no need for the Fed to cut rates without a significant negative data point. GDP, jobs, and inflation data have all been strong in the past few months. The commercial real estate sector seems to be crumbling, but the office market crash at the center of those gyrations is not big enough to knock down the economy, Eisman said.

Persons: Steven Eisman, —, Powell, redoing Volcker, Eisman, Jerome Powell, Powell's hawkish, It's Organizations: Service, CNBC, Bank of America, Fed

☆ New York’s Rubin Museum is closing its doors — but will live on as a ‘museum without walls’
▼ + stars: | 2024-02-02 | by ( Christy Choi | ) edition.cnn.com time to read: +7 min

CNN —New York’s Rubin Museum of Art, home to one of the world’s largest and most important collections of Himalayan art, announced on Wednesday that it will close its doors in October. Rubin Museum founders Shelley and Donald Rubin, pictured on October 8, 2015. Mireya Acierto/Getty Images“Building and sharing this collection of Himalayan art was one of my family’s great joys,” added Shelley Rubin. A lot of the time, we are shown Tibetan art as part of Chinese art — as an appendage because Tibet is now part of China. Robert K. Chin/Storefronts/AlamyThe closure will see some 40% of the Rubin’s staff lose their jobs — mostly those in “front-of-house roles,” a spokesperson for the museum told CNN.

Persons: York’s Rubin, Shelley, Donald Rubin, Rubin, Noah Dorsky, Mireya Acierto, ”, Shelley Rubin, “, Matthew Eisman, Jorrit Britschgi, ” Britschgi, Nepal’s, Ian Johnson, meanwhile, Curtis S, Chin, ” “, ” Johnson, Robert K Organizations: CNN, York’s Rubin Museum of Art, Rubin Museum, Rubin Museum of Art, Venice Biennale, Itumbaha Museum, Mandela, Centre for Foreign Relations, Asian Development Bank Locations: Manhattan, New York, Kathmandu, Nepal, New York City, Venice, York, Tibet, China

☆ 'No big drama' is coming for the US economy, but complacency is a rising risk, 'Big Short' traders say
▼ + stars: | 2024-01-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

'Big Short' traders told CNBC that investors are too complacent, although the economy is healthy. But traders should still keep their eyes on pockets of risk, such as commercial real estate, the others said. As to today's economy, Eisman considers it relatively healthy, essentially dismissing Wall Street's concerns that a consumer spending drawdown guarantees a coming slowdown. AdvertisementSome on Wall Street are nervous this could trigger a massive real estate default wave, with billions at risk. Still, markets shouldn't be too complacent, as the commercial real estate industry has seen "fits and starts" crop up, Moses said.

Persons: Steve Eisman, —, Neuberger, Danny Moses, Vincent Daniel, Porter Collins, Wall, Collins, Moses, Eisman Organizations: CNBC, Service, Consumers, Seawolf, Moses Ventures, Federal Reserve, Bloomberg

☆ Traders who scored big and grew famous for 'The Big Short' reveal their current bets
▼ + stars: | 2024-01-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Their success was chronicled in Michael Lewis' " The Big Short " in 2010, and the Oscar-winning movie based on the book in 2015. Collins of Seawolf Capital revealed that Tesla has been one of his firm's best short bets this year. "I wouldn't call that as big a conviction story as The Big Short. I mean, 'The Big Short' was taking on basically Western civilization." Upstart short Moses at RiskReversal Media said he's betting against artificial intelligence lending platform Upstart .

Persons: Porter Collins, Vincent Daniel, Steven Eisman, Neuberger Berman, Danny Moses, Michael Lewis, Oscar, Collins, Tesla, Eisman, Moses Organizations: Seawolf, RiskReversal Media, UPS, Infrastructure Eisman

☆ Four 'Big Short' traders on why they're not so short these days
▼ + stars: | 2024-01-30 | 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 EmailFour 'Big Short' traders on why they're not so short these days'Big Short' traders Danny Moses, Steve Eisman, Vincent Daniel and Porter Collins join 'Fast Money' to talk their portrayal in the movie, Big Tech, real estate, the Federal Reserve and more.

Persons: Danny Moses, Steve Eisman, Vincent Daniel, Porter Collins Organizations: Big Tech, Federal Reserve

☆ Watch CNBC's full interview with the 'Big Short' traders
▼ + stars: | 2024-01-30 | 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 the 'Big Short' traders'Big Short' traders Danny Moses, Steve Eisman, Vincent Daniel and Porter Collins join 'Fast Money' to talk their portrayal in the movie, Big Tech, real estate, the Federal Reserve and more.

Persons: Danny Moses, Steve Eisman, Vincent Daniel, Porter Collins Organizations: Big Tech, Federal Reserve

☆ 'Big Short' investor Eisman: Bank earnings aren't 'particularly informative' about the economy
▼ + stars: | 2024-01-16 | 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 Email'Big Short' investor Eisman: Bank earnings aren't 'particularly informative' about the economyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: Eisman, CNBC

☆ Some options trades for avoiding an asset bubble and other macroeconomic troubles
▼ + stars: | 2024-01-11 | by ( Michael Khouw | ) www.cnbc.com time to read: +9 min

There are some trades for investors looking to avoid a possible asset bubble and other potholes that could be ahead. The standard 30-year fixed mortgage rate rose even further, a function of both the rising risk-free rate and the rising spread. Buying bonds has interest rate risk. Moreover, the spread between mortgage rates and Treasuries is unusually high. Risk-free rates stay static or even rise mildly, but if the spread narrows mortgage rates could fall, a tailwind for a mortgage portfolio.

Persons: There's, Murray Rothbard, Milton Friedman, Ben Bernanke, Bernanke's, Janet Yellen, Jerome Powell, Howard Marks, Charlie Munger, Berkshire Hathaway, Marks, Steve Eisman, Neuberger Berman, they've Organizations: Federal Reserve, Fed, Federal Reserve Bank, Vanguard Value, Technology, MBS Locations: U.S, deflate, Berkshire

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ How investor Bill Martin nailed his big short against Silicon Valley Bank before its collapse
▼ + stars: | 2023-11-05 | by ( Yun Li | ) www.cnbc.com time to read: 1 min

Much like Michael Burry and Steve Eisman, who shot to fame and fortune by calling the housing bubble in 2008, Bill Martin stood out as the "big short" during this year's banking crisis. The founder of family office Raging Capital Ventures bet against Silicon Valley Bank before its collapse in March. "Just like you would short a bank in Texas when oil prices collapse, I was looking for banks with exposure to venture. And that's what led me to Silicon Valley Bank," Martin said in CNBC PRO's "Art of the Trade." The short seller also shared how he managed risk for the volatile trade, as well as other opportunities he capitalized on during the crisis.

Persons: Michael Burry, Steve Eisman, Bill Martin, Martin Organizations: Raging Capital Ventures, Silicon Valley Bank, CNBC Locations: Texas, Silicon

☆ Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war
▼ + stars: | 2023-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of Pennsylvania, as the school's leadership comes under criticism for whether it's doing enough to fight back against antisemitism following the start of the war between Israel and Hamas. "The Big Short" investor told CNBC's "Squawk Box" on Thursday that, after hearing fellow finance executive Marc Rowan was encouraging donors to close their checkbooks to Penn, he called the university and demanded his family's name be removed from a scholarship. "I do not want my family's name associated with the University of Pennsylvania, ever," Eisman said he told the university. Much of the frustration from donors is tied back to the Palestine Writes Literature Festival that took place on Penn's campus in September. Donors and fellow alumni signed an open letter to the university's leadership before the festival voicing their concerns about the event.

Persons: Steve Eisman, CNBC's, Marc Rowan, Eisman, Neuberger Berman Organizations: University of Pennsylvania, CNBC Locations: Israel, Penn, Palestine

☆ Neuberger Berman's Steve Eisman says students with 'free Palestine' signs should be expelled
▼ + stars: | 2023-11-02 | 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 EmailNeuberger Berman's Steve Eisman says students with 'free Palestine' signs should be expelledSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss latest market trends, and also comments on the controversy brewing around the University of Pennsylvania's response to pro-Palestinian protests.

Persons: Neuberger, Steve Eisman, Neuberger Berman Organizations: University of

☆ Steve Eisman on one thing he has learned in his career and why it’s keeping him away from banks
▼ + stars: | 2023-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of the "The Big Short" fame said Thursday that one investment mantra he swears by is telling him that buying beaten-up bank stocks won't be fruitful. "One thing I've learned in my career over the years is that buying something just because it's cheap is a value trap and shorting something because it's very expensive is a death wish," Eisman said on CNBC's " Squawk Box ." Uncertainty caused by the collapse of Silicon Valley Bank earlier this year triggered outflows at other regional banks as well as larger institutions, he said. KRE YTD mountain SPDR S & P Regional Banking ETF The SPDR S & P Regional Banking ETF , which tracks 140 regional banks, has fallen about 30% this year. Apart from banks, Eisman said companies selling high-priced real estate, cars and solar panels could be under pressure as lofty interest rates could keep consumers from borrowing.

Persons: Steve Eisman, I've, Eisman, Michael Lewis, Oscar, Neuberger Berman Organizations: Regulators, Regional Banking, Regional Banking ETF Locations: Silicon

☆ Steve Eisman: Fed chair Powell is 'just as confused' by all the data points as everybody else
▼ + stars: | 2023-11-02 | 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 EmailSteve Eisman: Fed chair Powell is 'just as confused' by all the data points as everybody elseSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss latest market trends, earnings season, consumer strength, the Fed's inflation fight, and more.

Persons: Steve Eisman, Powell, Neuberger Berman

☆ A recession will hit next year, hammering stock prices and home values, Wall Street veteran predicts
▼ + stars: | 2023-10-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The Wall Street veteran expects stocks and house prices to fall once unemployment and mortgage defaults rise. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA recession will strike the US economy next year, pummeling stocks and house prices, a Wall Street veteran has warned. So, I predict that's going to happen not until sometime, at best, mid next year." 'Sell everything, you're going bankrupt.'

Persons: Harley Bassman, Bassman, Steve Eisman, —, Rosenberg, Merrill Lunch, it's, I've, Steve Carrell, Mark Baum Organizations: Wall Street, Service, Management, Credit Suisse, Merrill

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