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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with GAMCO Investors CEO Mario GabelliGAMCO Investors CEO Mario Gabelli joins 'Squawk Box' to discuss Warren Buffett's leadership at Berkshire Hathaway, latest developments on Paramount's merger talks, campus protests, and more.
Persons: Mario Gabelli GAMCO, Mario Gabelli, Warren Buffett's, Berkshire Hathaway Organizations: GAMCO, Berkshire
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Mario Gabelli: Warren Buffett has created enormous wealth for his shareholdersGAMCO Investors CEO Mario Gabelli joins 'Squawk Box' to discuss Warren Buffett's leadership at Berkshire Hathaway, latest developments on Paramount's merger talks, campus protests, and more.
Persons: Mario Gabelli, Warren Buffett, Warren Buffett's, Berkshire Hathaway Organizations: Billionaire, GAMCO, Berkshire
The decision to remove Bakish as CEO comes as Paramount Global closes in on a merger agreement with Skydance Media. A number of large common shareholders, including Gamco Investors, Ariel Investments, Matrix and Aspen Sky Trust have publicly criticized the deal, arguing it destroys value for common shareholders. Paramount Global shares jumped about 5% in premarket trading Monday. Typically, Paramount Global shareholders, such as Gabelli, would compare an offer to the standalone company's prospects — hence his comments about not seeing a sale at all. But by removing Bakish, Redstone and the Paramount Global board are now throwing the status quo into chaos.
Persons: Bob Bakish, CNBC's David Faber, Shari Redstone, David A, Skydance, Mario Gabelli, That's, , Bakish Organizations: Paramount, CNBC, Paramount Global, Skydance Media, Gamco Investors, Ariel Investments, Aspen Sky Trust, National Amusements, Allen & Company Sun Valley, Grogan, Amusements, New York Post, Bloomberg, Street Journal, Skydance, Apollo Global, Sony, New York Times, Apollo, Foreign Investment, U.S, Communications, Charter Locations: Sun Valley , Idaho, U.S, United States
"That's just created this once-in-a-decade momentum," said Mehdi Hosseini, an equity research analyst covering the stock at Susquehanna International Group. While the company posted robust results and guidance, analysts have cast doubt over the magnitude of recent stock moves, which include a 48% post-earnings rally and a 19% drop during Tuesday's session. ARM mountain 2024-02-08 Arm since reporting earnings One key factor at play is the limited number of shares in the marketplace. Traders typically buy shares short as a bet that the price of an asset will fall. The unwavering excitement around AI that's driven an investing frenzy over the last year may also be a factor at play with Arm.
Persons: That's, Mehdi Hosseini, Needham, Charles Shi, Ryuta Makino, there's, SoftBank, Hosseini, Shi Organizations: Holdings, Susquehanna International Group, Apple, Nvidia, Devices, ARM, GAMCO Investors, Retail, Tesla, Vanda Research, Partners, Traders
"As we move to cloud and generative AI, it opens up massive total addressable markets, where security just has to be done a different way." Palo Alto Networks and CrowdStrike have already surged more than 25% each only six weeks into the new year after proving among the best performers in the Nasdaq-100 in 2023. But arguably, companies offering all-in-one solutions to mounting cybersecurity threats are viewed as sitting in the most advantageous position. PANW YTD mountain Palo Alto Networks in 2024. This leading position is one reason Deepwater Asset Management's Doug Clinton retains a stake in Crowdstrike, along with Palo Alto Networks, in the core fund that he manages.
Persons: Ted Mortonson, Baird, Mortonson, Peter Weed, Bernstein, Morgan Stanley, Hamza Fodderwala, Hendi Susanto, Doug Clinton, JPMorgan's Brian Essex, CRWD, Essex, Michael Bloom Organizations: MGM Resorts, Caesars Entertainment, Microsoft, Palo Alto Networks, Nasdaq, Gamco Locations: cyberattacks, Palo, Crowdstrike
Gamco's Mario Gabelli breaks down the Fed's Beige Book
  + stars: | 2023-11-29 | 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 EmailGamco's Mario Gabelli breaks down the Fed's Beige BookMario Gabelli, Gamco Investors chairman, joins 'Power Lunch' to discuss his key takeaways from the latest Beige Book report.
Persons: Mario Gabelli Organizations: Gamco
Several investors mourned the passing of famed investor Charlie Munger, vice chairman of Warren Buffett's Berkshire Hathaway , on Tuesday. "So sad to hear the news of the passing of Charlie Munger," El-Erian wrote. Mario Gabelli, chairman and CEO of Connecticut-based GAMCO Investors, wrote on Twitter: "Charlie Munger ….a titan has passed …all will miss Charlie." "Charlie Munger helped build an American institution, and through his wisdom and insights, inspired a generation of leaders. "Charlie Munger was a brilliant attorney," Annandale Capital chairman George Seay said Tuesday evening on Yahoo Finance.
Persons: Charlie Munger, Warren Buffett's Berkshire Hathaway, Berkshire Hathaway, Buffett, Munger, Ariel Investments, Charles Bobrinskoy, Mohamed El, PIMCO, Erian, Mario Gabelli, Charlie Munger …, Charlie, Tim Cook, Cook, Stephanie Link, Hightower, Whitney Tilson, Tilson, George Seay, Wesley Chan, Chan, , Christina Cheddar Berk, Brian Evans, Alex Harring Organizations: Warren, Allianz, Twitter, Apple, Berkshire, Hightower Advisors, Berkshire Hathaway, CNBC, Yahoo Finance, Daily, Costco Locations: Munger, Connecticut, Berkshire, American, California, Annandale, FPV
The signs of stabilization are perhaps most evident through recent better-than-feared earnings from behemoths like Alphabet and Meta Platforms as they focus on cost cuts and efficiency after 2022's rout. Meta Platforms said ad revenue rose about 12% last quarter from the prior year. Buying the '800-pound gorilla' It's hard to ignore Alphabet or Meta Platforms when investing in the advertising industry. On the digital side, Hanna Howard, a research analyst at GAMCO Investors, opts for Meta Platforms. Amazon posted a 22% increase in online advertising revenue year over year, and $10.68 billion in sales overall.
Persons: Susan Li, Rohit Kulkarni, Gene Munster, Paul Meeks, Meeks, Morningstar's Ali Mogharabi, Hanna Howard Organizations: Apple, Google, Roth Capital Partners, Street, Meta, Intelligence, Amazon, Independent Solutions Wealth Management, GAMCO Investors, Munster, Web Services
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with billionaire value investor Mario GabelliMario Gabelli, GAMCO Investors chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, state of the banking industry, merger & acquisitions, media landscape, and more.
Persons: Mario Gabelli Mario Gabelli Organizations: GAMCO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Mario Gabelli: We want to buy good companies with good management & valuationsMario Gabelli, GAMCO Investors chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, state of the banking industry, merger & acquisitions, media landscape, and more.
Persons: Mario Gabelli Organizations: Billionaire, GAMCO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Mario Gabelli: If I'm a politician, I'd be concerned about mortgagesMario Gabelli, chairman and CEO of Gamco Investors, joins 'Squawk Box' ahead of the market open on Friday to break down the market, the banking turmoil, and more.
Five experts on Warren Buffett's Berkshire Hathaway spoke ahead of this year's annual meeting. Mario Gabelli, John Rogers, Chris Bloomstran, Adam Mead, and Todd Finkle discussed the conglomerate. Todd Finkle, the author of "Warren Buffett: Investor and Entrepreneur," emphasized the unique nature of Berkshire's yearly gathering, which attracts tens of thousands of people from around the world. Meanwhile, Adam Mead, the author of "The Complete Financial History of Berkshire Hathaway," touted the underlying value of Berkshire Hathaway Energy, and the savvy structure of Buffett's conglomerate. "Berkshire Hathaway Energy is going to become a powerhouse over the next decade.
A simple focus on what is now a well-known phenomenon helped Mario Gabelli execute what he calls some of the best trades in his decades-long career. One of those companies, Chris-Craft, was eventually bought by News Corp. for $5.5 billion in the early 2000s. It was an investment on which Gabelli said he made at least 10 times his original stake. The other money-making trade, on the now defunct Lin Broadcasting, was one Gabelli said he made a "significant amount of money" on. "It basically became EBITDA minus capex, and that notion has gotten pretty far along in the last 40 years," he said.
These are investor Mario Gabelli's favorite value stocks
  + stars: | 2023-04-26 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Billionaire investor Mario Gabelli is finding some value buying opportunities in this murky macroenvironment. Due to its reasonable balance sheet, solid management and defense tailwinds, Gabelli said investors can make 50% on their investment in two years' time. Finally, Gabelli highlighted Grupo Televisa SAB , a Latin American media company based in Mexico. In 2021, Grupo Televisa agreed to sell its media and content division in a deal valued at $4.8 billion, while maintaining a stake in the newly formed TelevisaUnivision. A potential public offering in the next year and a half should also benefit Grupo Televisa, now trading under $5 a share, Gabelli said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBacklog in demand for housing and cars can benefit investors, says Gamco's Mario GabelliMario Gabelli, chairman and CEO of Gamco Investors, joins 'Power Lunch' to discuss the strength of consumer balance sheets, the economic threat of China's reopening, and a backlog in demand for automobiles and housing.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Gamco Investors' Mario Gabelli on markets and media stock picksMario Gabelli, chairman and CEO of Gamco Investors, joins 'Power Lunch' to discuss the strength of consumer balance sheets, the economic threat of China's reopening, and a backlog in demand for automobiles and housing.
Watch CNBC's full interview with GAMCO Investors' Mario Gabelli
  + stars: | 2023-03-14 | 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 GAMCO Investors' Mario GabelliMario Gabelli, GAMCO Investors, joins 'Closing Bell: Overtime' to discuss the collapse of Silicon Valley Bank and his greater market outlook.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market may be flat the next 2 to 3 years, says GAMCO Investors' Mario GabelliMario Gabelli, GAMCO Investors, joins 'Closing Bell: Overtime' to discuss the collapse of Silicon Valley Bank and his greater market outlook.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Mario Gabelli names Textron as his defense stock pickMario Gabelli, GAMCO Investors, joins 'Closing Bell: Overtime' to discuss his defense stock picks as well as what he sees in the sector.
Veteran investor Mario Gabelli said the market will remain somewhat challenging until 2024, but that doesn't mean there aren't any cheap stocks to buy right now. "There'll be a terrific 2024; the outlook is pretty bright," Gabelli said Wednesday on CNBC's " Squawk Box ." Gabelli said he also finds Warner Bros Discovery attractive. "When I look at Warner Brothers that's dropped from $27 before they close that a deal with AT & T." WBD 1Y mountain Warner Bros Discovery Warner Bros Discovery has gotten some love on Wall Street this week. The Wall Street firm said it remains bullish on the long term potential and views the current risk/reward as "highly attractive."
Watch CNBC's full interview with GAMCO Investor's Mario Gabelli
  + stars: | 2022-11-22 | 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 EmailWatch CNBC's full interview with GAMCO Investor's Mario GabelliMario Gabelli, GAMCO Investors chairman and CEO, joins 'Closing Bell' to discuss Gabelli's thoughts on Bob Iger's return to Disney, the streaming service picture and much more.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't ignore Paramount because 'short-termism' is having a challenge, says GAMCO's GabelliMario Gabelli, GAMCO Investors chairman and CEO, joins 'Closing Bell' to discuss his thoughts on Bob Iger's return to Disney, the streaming service picture and more.
Check out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Array Technologies — The solar stock jumped over 3% after Piper Sandler upgraded Array Technologies to overweight from neutral, saying the company has more upside ahead on an improved forward outlook. AutoZone — AutoZone shares fell more than 2% as traders pored over a mixed quarterly earnings report. Wix — Shares of Wix soared 11% after activist investor Starboard Value revealed a 9% stake in the web development platform company.
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