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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall-caps set to gain as interest rate cuts come through, UBS saysGerry Fowler, UBS's head of European equity strategy, says small-cap stock performance looks set to improve as central bank interest rate cuts play out.
Persons: Gerry Fowler, UBS's Organizations: UBS
UBS names top luxury stocks as market shifts toward 'quality'
  + stars: | 2024-04-22 | 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 EmailUBS names top luxury stocks as market shifts toward 'quality'Gerry Fowler, UBS's head of European equity strategy, names his top luxury picks, as the market shifts in favor of '"quality" stocks.
Persons: Gerry Fowler, UBS's Organizations: UBS
After a degree in fine art, Lambert imagined he would become an art teacher, but a chance meeting with an art dealer who hired him as an assistant set him on a different path. Then, after a stint at another dealership, he opened his own gallery in September — Lambert Fine Art — in the British town of Stratford-upon-Avon. Dealing in art is a trade Lambert described as "unusual," because art is often a purchase driven by emotion rather than need. 'The business needs new blood'The world of art dealing can be intimidating to new entrants, according to Olya Johnson, an interior architect and co-founder of art and interiors business Relic, which she set up in 2023. Risks of dealing artThe occupation can also be risky, because dealers often own multiple pieces of art without knowing when they will be sold, according to the dealers CNBC spoke to.
Persons: , Mark Lambert, Andy Warhol, Pablo Picasso, Claude Monet, Lambert, , — Lambert, " Lambert, Olya Johnson, Johnson, Rasid, Relic, Colefax, Fowler, Natalie Vosloo, it's, Tom Rooth, Jack Roberts, I've, Roberts, David Hockney, Jeff Koons, Damien Hirst, Banksy, Shannon Finney Organizations: Art, CNBC, — Lambert Fine Art, Fair, Anadolu, Getty, Washington , DC Locations: Stratford, Avon, London, Battersea Park, Washington ,
CNN —Plenty of young golfers have sent crowds into a frenzy at Augusta National across the 88 years of The Masters, but perhaps none quite as young as Dakota Watson. Bubba Watson’s nine-year-old daughter delivered a putting masterclass during the par three contest on the eve of the major on Wednesday, showcasing the sort of golden touch around the greens that helped her father clinch two green jackets. You’ve never seen Dakota until today,” broadcaster Sean McDonough asked co-commentator Curtis Strange on ESPN’s live coverage of the contest. Now that they’re getting older, they can hit shots, we can have fun with it,” 45-year-old Watson, making his 16th Masters start, told reporters. That’s what this is all about.”After a two-and-a-half hour delay due to bad weather, the first round of The Masters got underway on Thursday.
Persons: Dakota Watson, Bubba Watson’s, , Rickie Fowler, Allison Stokke, Maya, Watson, Charlie Riedel, Ben Crenshaw, , you’ve, You’ve, Sean McDonough, Curtis Strange, Ben ”, , ” Walter Harman, Brian Harman, Mike Blake, Fowler, Sam Snead, Patrick Reed, ” Fowler, we’ll, Adam Cairns, Sepp Straka, Viktor Hovland, Luke List, Lucas Glover, Gary Woodland, Jax lasered, Jax Woodland, Warren Little, Woodland Organizations: CNN, Augusta National, USA, Sports, Reuters Locations:
Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.
Persons: , Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service
Meme stocks, which gained popularity through social media platforms like Reddit and Twitter, have attracted retail investors looking to make a quick profit. In 2021, GameStop shares skyrocketed by more than 1,500% in just a few weeks, driven by a coordinated effort from retail investors on the Reddit forum r/WallStreetBets . This means that retail investors are often in a disadvantaged position when trading. Cashing in So, what can investors do to capitalize on the trading phenomenon without taking on the risks associated with meme stocks? Gooch-Peters suggests looking at the exchanges themselves, citing Intercontinental Exchange (ICE) as an example.
Persons: Hannah Gooch, Peters, Gooch, Gerry Fowler, Fowler Organizations: GameStop, Sanlam Investments, Twitter, UBS, Intercontinental Exchange, ICE, Quality, New York Stock Exchange, Nasdaq, CBOE
Oscar Piastri of McLaren during the Formula 1 Saudi Arabian Grand Prix at Jeddah Corniche Circuit in Jeddah, Saudi Arabia on March 9, 2024. But with the Japanese Grand Prix this coming weekend, F1's beleaguered boss Stefano Domenicali will finally be able to provide a rebuttal. F1's growing ambitions in the Middle East and the U.S. have at times transcended the sport. Las Vegas airports dealt with 400 private jets arriving for the Grand Prix, while Singapore saw a 63% increase in September flight arrivals compared to the previous year when its Grand Prix was pushed into October. Third placed Carlos Sainz of Spain and Ferrari celebrates on the podium during the F1 Grand Prix of Italy at Autodromo Nazionale Monza on September 03, 2023 in Monza, Italy.
Persons: Oscar Piastri, Stefano Domenicali, Alexander De Croo, Domenicali, Clive Mason, Stephane Bazire, Bazire, I've, Stefano, Colin Syn, We've, Francois Dumontier, Madeleine Orr, Paul Fowler, Carlos Sainz of, Dan Istitene Organizations: McLaren, Formula, Saudi, Jeddah Corniche, Nurphoto, Getty, United Arab, U.S, Belgian, Formula One, of Australia, Albert, Circuit, F1, Silverstone, CNBC, Las, Prix, Singapore, Singapore Grand Prix, Canadian, Italy's Emilia, Grand Prix, Williams, DHL, Ferrari, of, Autodromo Nazionale Monza Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Belgium, Monza, Italy, Monaco, United Arab Emirates, Europe, America, Las Vegas, Singapore, Japan, Miami, Grand, Canada, Australia, Carlos Sainz of Spain
Gooch-Peters pointed to Visa — which has a 60% operating profit margin — as a more sustainable investment opportunity. This creates a strong competitive moat and helps to sustain the company's high profit margins over time. Gerry Fowler, chief European equity strategist at UBS, echoed the sentiment about the importance of a company's competitive moat while picking stocks. The UBS strategist pointed to the attempts of Apple, then the world's biggest company, to break into the payments network sector. The UBS strategist also cautioned that impenetrable moats might sometimes pose a downside risk to investors.
Persons: Hannah Gooch, Peters, you've, Gooch, London Business School . Gooch, " Gooch, Gerry Fowler, Fowler, Flower Organizations: Nvidia, Sanlam Investments, CNBC, London Business School, Visa, Sanlam's, Quality, UBS, Apple, world's, MasterCard, Apple Card, Mastercard, U.S
This Wednesday at London Business School, CNBC's Steve Sedgwick will ask two market experts where's best to invest right now. Fowler leads UBS' European equity strategy and global derivative strategy teams. Gooch-Peters is a member of Sanlam's global high-quality equity team and leads the global equity team's investment strategy. Fowler leads UBS' European equity strategy and global derivative strategy teams. Gooch-Peters is a member of Sanlam's global high-quality equity team and leads the global equity team's investment strategy.
Persons: Steve Sedgwick, Gerry Fowler, Hannah Gooch, Peters, Fowler, Gooch, Hannah Organizations: CNBC, London Business School, UBS, Chief European, Sanlam Investments, BNP Paribas, Citi, Sanlam Locations: Abrdn, London, . New York, Singapore
Ross Levinsohn ran the Arena Group, which published Sports Illustrated, and was fired by its new owner. Related storiesThe Arena Group, which until recently published SI and still owns brands like Men's Journal and Parade, was on the path to profitability, Levinsohn claimed. (Arena Group faced harsh criticism over its use of AI-generated content under Levinsohn's leadership.) AdvertisementA spokesman for Bhargava and the Arena Group, Steve Janisse, said he couldn't immediately comment. BI's previous coverage of Bhargava and Arena Group was based on interviews and documents.
Persons: Ross Levinsohn, Manoj Bhargava's, Levinsohn, hasn't, , Manoj Bhargava, Bhargava, Cavitt Randall, Steve Janisse, couldn't, Randall, Chris Fowler Organizations: Group, Service, Arena Group, Sports, Energy, SI, Sports Illustrated, Men's
The utilities sector is living in the shadows of mega-cap tech, but a power player name is emerging — and it's toting year-to-date gains of more than 40%. Constellation Energy , headquartered in Baltimore, is the top winner in the utilities sector in 2024, with NRG Energy in a distant second place with a 22.7% advance. Indeed, the utilities sector and real estate are the two laggards of the S & P 500 , down about 1% and 3.5% in 2024, respectively. CEG XLU 1Y line Constellation Energy versus the Utilities Select Sector SPDR Fund over the past year Constellation, which currently has a dividend yield of 0.8%, isn't your father's utility. So-called 24/7 carbon-free power involves purchasing electricity generation from the same region where a corporate client will use it.
Persons: it's, CEG, James Thalacker, It's, Daniel Eggers, Sophie Karp, BMO's, Joseph Dominguez, Steve Fleishman, Ross Fowler Organizations: Constellation Energy, NRG Energy, Utilities, SPDR Fund, BMO Capital, Atlantic City Electric, Baltimore Gas and Electric, Delmarva Power, Constellation, Microsoft, Wolfe Research, Republican, UBS Locations: Baltimore, Virginia
The consumers said PMI withheld information that would have impacted their decisions to buy Stanley products in the first place. Stanley cups have become massively popular. Social media drew attention to lead in Stanley cupsConcern about lead in Stanley cups became widespread at the end of January when several TikTokers posted videos of themselves home-testing their water bottles for the substance. Although lead is dangerous to humans, public health experts have said that Stanley cups likely don't pose a threat. Despite the controversy around the traces of lead in its products and the recent lawsuits, Stanley cups remain popular.
Persons: Stanley, , Mariana Franzetti, Robin Krohn, meritless, Franzetti, Matt Fowler KC, Plaintiff, Jack Caravanos, Stanley Quenchers, Brian van der, Krohn Organizations: Service, Pacific Market International, Business, PMI, Stanley, Clothing, Social, Washington Post, Hydro, Hydro Flask's Locations: Washington State
JERUSALEM (Reuters) - A video made public by Israeli officials allegedly shows a U.N. relief worker loading the limp body of a shot Israeli man into the back of an SUV and driving away from a southern Israeli village during Hamas' Oct. 7 cross-border attack. Jonathan Fowler, an UNRWA spokesperson, said in response to the video: "It is not possible for UNRWA to verify the footage or photographs and ascertain who the person is. In the CCTV footage, a white SUV drives into Kibbutz Be'eri, one of the communities hardest hit on Oct. 7. A screen shot of the video was posted on X by an Israeli military spokesperson and a clip of it was posted by a Foreign Ministry official. Reuters did not and could not independently verify the identities of the men in the video.
Persons: Faisal Ali Mussalem Al Naami, Jonathan Fowler, Kibbutz, Yoav Gallant, Ari Rabinovitch, Nidal, Giles Elgood Organizations: Washington Post, United Nations Relief Works Agency, UNRWA, UN, Be'eri, Foreign Ministry, Reuters, Israeli Locations: JERUSALEM, Gaza, Israel, Kibbutz Be'eri
Three students won the Vesuvius Challenge for uncovering text in the Herculaneum papyri. The students were awarded a $700,000 prize after using AI to uncover the passages. “This is the society from which the modern Western world is descended.”The Herculaneum papyri were buried thousands of years ago during the eruption of Mt. The Vesuvius Challenge hopes entrants will help uncover about 90% of the first four scrolls. AdvertisementThe founders of the Vesuvius Challenge hope they’ll be able to crack open and read the entirety of all 800 scrolls in the next few years.
Persons: , Youssef Nader, Luke Farritor, Julian Schilliger, ” Nader, Julius Caesar’s, ” Robert Fowler, Salvatore Laporta, Nat Friedman, Daniel Gross, Brent Seales —, Seales, uncracked, Philodemus, Friedman, , fihs9ADb48 — Nat Friedman, they’ll Organizations: Service, Freie University, Wall Street, University of Nebraska, ETH Zurich, Villa, Herculaneum Society, Bloomberg Locations: Berlin, Switzerland, Vesuvius, Italian, Herculaneum
ACCRA, Ghana (AP) — Seven royal artifacts looted 150 years ago by British colonial forces from Ghana’s ancient Asante kingdom and kept by a United States museum have been returned and presented to the kingdom on Thursday, the latest of a series of stolen treasured items being repatriated to several African countries. After decades of resistance from European and Western governments and museums, the efforts of African countries to repatriate stolen artifacts are paying off with the increasing return of treasured pieces. That was when four of the items were looted while the other three were part of an indemnity payment made by the Asante kingdom to the British, the museum said. All seven items are being returned unconditionally and permanently though the kingdom allowed their replicas to be made, the museum added. “And ever since, as a kid, I had the vision that one day we shall have all these artifacts back to our Asante nation.”
Persons: Otumfuo Osei Tutu, Asante, , Kwasi Ampene, Silvia Forni, Samuel Opoku Acheampong, Acheampong Organizations: United, Fowler Museum, University of California, Asante Locations: ACCRA, Ghana, United States, British, Los Angeles, Asanteman, Ghana’s, Kumasi, Asante
In winter 2021, more than 150,000 people living in Jackson, Miss., were left without running water. For weeks, people across the city lost the water they normally relied on to drink, cook and bathe. Lawmakers criticized city officials for ignoring leaky pipes and failing to collect payments from customers. City officials pointed to Jackson’s shrinking population and decades of economic decline. And they said state officials, mostly white and Republican, had starved the mostly Black, Democratic city of resources.
Persons: Jackson Organizations: Democratic, Siemens Locations: Jackson, Miss
CNN —Since the early 2000s, a coin has lay buried next to a tree at Augusta National Golf Club, nestled there as a good luck charm by the mother of a promising young French golfer. Not since Arnaud Massy became the first non-Briton to win the Open Championship in 1907 has a Frenchman lifted silverware at a recognized Tour event. The world’s 890th ranked amateur when he turned professional in 2013, Pavon spent two years on the Alps Tour before graduating to the Challenge Tour, finally securing his card on the DP World Tour (European Tour) in 2017. “I don’t come from a normal background because I wasn’t a great player once,” Pavon told CNN Sport’s Don Riddell. Augusta National and Spyglass Hill – host of this week’s Pebble Beach Pro-Am – were once courses Pavon could only navigate in the video game world of Tiger Woods PGA Tour 06.
Persons: Matthieu Pavon, Pavon, Arnaud Massy, Frenchman, Denmark’s Nicolai Hojgaard, ” Pavon, CNN Sport’s Don Riddell, , Gregory Bull, Michel, Beatrice, Naomi Baker, Justin Thomas, Rickie Fowler, “ Spyglass, you’re, You’re, you’ve, Céline Boutier, Massy, Catherine Lacoste, Patricia Meunier, Lebouc, Boutier, Lewis Joly, Organizations: CNN, Augusta National Golf, Farmers Insurance, Spanish, PGA, Harvard University, France’s Ligue, Getty, Pavon’s PGA, Players, . Augusta National, Tiger, Céline, Evian Championship, Chevron, Evian, Ryder, Europe Locations: Augusta, French, Toulouse, California, Europe, America, Pavon, France’s, Bordeaux, Rome, Bethpage , New York
PEBBLE BEACH, Calif. (AP) — Patrick Cantlay has spent about as much time on the phone as the golf course this week as a PGA Tour board member trying to nail down a deal for a $3 billion investment. It didn't seem to affect his day job at the AT&T Pebble Beach Pro-Am. Torrey Pines winner Matthieu Pavon had the best round at Pebble Beach, closing with four birdies over the last five holes for a 65. He became the first amateur in 33 years to win on the PGA Tour two weeks ago. In his pro debut, Dunlap opened with a 76 at Pebble Beach.
Persons: — Patrick Cantlay, Cantlay, Thomas Detry, Detry, Matthieu Pavon, Rory McIlroy, LIV, McIlroy, , ” McIlroy, ” Detry, ” Cantlay, LIV Golf, Rickie Fowler, Rory, , ” Fowler, Nick Dunlap, Dunlap Organizations: Tour, Torrey Pines, PGA Tour, Hollywood, NFL, Saudi, Strategic Sports Group, SSG, Public Investment Fund, American Express, U.S, Amateur, PGA Locations: Calif, Spyglass, Belgium, Saudi, Pebble
The Australian government has pledged to end the live export of sheep but has yet to give a timetable about when that will happen. A long journeyThe MV Bahijah left the port of Fremantle in Western Australia on January 5 for the Middle East, according to a statement from the Australian government. The photos, shared with CNN, show cattle with tags on their ears, sitting and standing and sheep standing in a ventilated area. An image of sheep aboard the MV Bahijah taken said to have been taken a few days ago after the ship's arrival back in Australia. The RSPCA has requested permission for an independent veterinarian to board the ship to assess the animals.
Persons: Bahijah, , , John Hassell, ” Hassell, he’d, Suzanne Fowler, they’ve, Mark Harvey, Sutton, Fowler, it’s, Alex Stambaugh, Akanksha Sharma, Robert Shackelford Organizations: Australia CNN, of Agriculture, Fisheries, Forestry, Animal, Western Australian Farmers Federation, CNN, Royal Society for, Animals, Australian Livestock, , RSPCA Locations: Brisbane, Australia, Red, Fremantle, Western Australia, Iran, Israel, Gaza, Africa, Perth, WAFarmers, Australian
The Inter Miami star, World Cup champion and global soccer icon will headline a Super Bowl ad for Michelob Ultra, the brand announced Thursday. It’ll be Messi’s first Super Bowl commercial and adds to his massive advertising reach in the U.S. and globally. The Super Bowl spot is part of the beer’s sizable investment in soccer. It’s also expected that Ultra will partner with the men's World Cup when it comes to the U.S., Canada and Mexico in 2026 — when Messi and Argentina will aim to defend their title. He scored twice in the most recent World Cup final in 2022 that Argentina won against France on penalty kicks.
Persons: — Lionel Messi, He’ll, Messi, Michelob, It’s, , , Serena Williams, Tony Romo, Jimmy Butler, Rickie Fowler, Alex Morgan, Canelo Alvarez, ___ Organizations: MIAMI, Inter Miami, Anheuser, Busch, Copa America, Messi, Adidas, Gatorade, International, Royal, Apple, Super, advertising's, Bushwood Country, Dallas Cowboys, Miami Heat, Argentina, France, League Locations: football’s, U.S, Las Vegas, Canada, Mexico, Argentina, Royal Caribbean,
Europe is set for a "weak stagnation" that will dampen the market, but several sectors and stocks stand out to UBS as good plays this year as growth stabilizes and inflation slows. "Our macro outlook for Europe is for a weak stagnation that takes European equities modestly lower but delivers another year of actionable divergences between sectors and stocks," UBS analysts led by Gerry Fowler wrote in a Jan. 19 note. "In 2024, we think the factors that will perform are domestic (smaller companies), quality and growth," the analysts wrote, adding that slower growth and lower yields should reduce the headwinds for the valuations of growth stocks. 'Well-positioned, domestic, quality, growth companies' "Well-positioned, domestic, quality, growth companies" that UBS has given buy ratings include Spanish clothing company Industria de Diseno Textil, British bakery chain Greggs and online real estate platform Rightmove as well as French construction player Vinci . It has a buy rating on ASML Holdings , SAP , Infineon Holdings and Capgemini , giving them potential returns of 22%, 17%, 40% and 10%, respectively.
Persons: Gerry Fowler, Vinci, — CNBC's Michael Bloom Organizations: UBS, International Monetary Fund, Industria de Diseno Textil, Software, Gartner, ASML Holdings, SAP, Infineon Holdings Locations: Swiss, Europe, Spanish, China
Cary Fowler once helped build an Arctic vault to save the world’s great variety of crop seeds from extinction. Now, as the State Department’s global envoy for food security, he is trying to plant a new seed in U.S. foreign policy. The effort is still in its infancy, with a relatively tiny budget of $100 million. But at a time when climate shocks and rising costs are aggravating food insecurity and raising the risks of political instability, the stakes are high. Mr. Fowler’s boss, Secretary of State Antony Blinken, said this week at the World Economic Forum in Davos that the idea could be “genuinely revolutionary.”
Persons: Cary Fowler, Fowler, Fowler’s, Antony Blinken, Organizations: State, Economic Locations: Africa, Davos
Read previewI'm not sure it's hyperbole to say that Stanley cups — the colorful 40-ounce water vessels — are tearing apart the fabric of our society. The Cut reports that Stanleys have become the new status symbols for middle school girls. AdvertisementLewis's prediction seems spot-on: The cup is now the hot item for middle school girls — a demographic not exactly known for kind behavior if you deviate from the norm. Middle school is when kids can be ruthless about who has or doesn't have some arbitrary status symbol, whether it's Uggs or folding the waistband of your gym shorts the right way. (Back in MY day, we — gasp — used the school water fountain).
Persons: , Stanley, Julia Reinstein, Stanley Quenchers, Gen Alpha, Matt Fowler KC, Z, Casey Lewis, Gen Zers, Jamie Sherman, Sherman, it's, Gen, 🥶🥶 Organizations: Service, Business, Target, Stanley, Gen, Gen Alpha Locations: New Hampshire, Dallas
Johnson’s 29 on the front nine was the lowest nine-hole score in his 493 career PGA Tour starts, and he needed only 10 putts to do it. “La Quinta Country Club is legitimately one of the purest places we play on the PGA Tour year-in, year-out,” Johnson said. The 41-year-old 10-time European Tour winner is still seeking his first PGA Tour title. This course is beautiful.”Hoey — the Philippines-born, Rancho-Cucamonga-raised product of USC — excelled in his fourth PGA Tour start. Hoey is among the 30 American Express participants who earned their PGA Tour cards from last year's Korn Ferry Tour.
Persons: — Zach Johnson, Johnson, Sweden's Alex Noren, , ” Johnson, I’ve, outdid, Rico Hoey, Christiaan Bezuidenhout, Patrick Cantlay, Xander Schauffele, Justin Thomas, Australia's Min Woo Lee, Si Woo Kim, ” Noren, ” Hoey, USC —, Hoey, Korn, , ” Thomas, hasn't, Scottie Scheffler, Rickie Fowler, Wyndham Clark, Bob Hope, ___ Organizations: Ryder, American Express, La Quinta Country, Quinta Country, PGA, USC, Southern California, Nicklaus, Quinta Locations: QUINTA, Calif, U.S, Coachella, Quinta, Philippines, Rancho, Cucamonga, Palm
Ken Griffey Jr. and Ozzie Smith have agreed to manage or coach at the May 25 Hall of Fame East-West Classic. The Negro Leagues East-West All-Star Game began at Chicago's Comiskey Park in September 1933, two months after MLB's first All-Star Game at the same ballpark, and was played annually through 1962. Major League Baseball has recognized seven Negro Leagues from 1920-48 as having big league status, but incorporating those numbers has not yet been completed. “As a kid growing up, I thought Negro League baseball was backyard, barnstorming baseball. “That was the first time I really, really, really thought about it, and I was like, damn, I really want to be in the Hall of Fame.
Persons: , I'm, Ken Griffey Jr, Ozzie Smith, MLB's, Jerry, Scott Hairston, Sam, Ryan Howard, Prince Fielder, David Price, Justin Upton, Curtis Granderson, Dontrelle Willis, Adam Jones, Dexter Fowler, LaTroy Hawkins, Edwin Jackson, Buck O'Neil, Satchel Paige, Josh Gibson, Monte Irvin, Cool Papa Bell, hasn’t, Dave Stewart, ” Sabathia, LeBron James, , Jackie Robinson, Josh Rawitch, “ It’s, it’s, Carter, Sabathia Organizations: , Negro Leagues, of Fame's Doubleday, of Fame East, Black Baseball, Negro Leagues East, Chicago's, Cincinnati, Indianapolis Clowns, Negro American League, Major League Baseball, Negro League baseball, American, of Fame, Cooperstown Locations: Tenn, Cooperstown , New York
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