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This inflation-focused ETF may be in a sweet spot
  + stars: | 2024-05-11 | by ( Emily Glass | ) www.cnbc.com   time to read: +2 min
But even if the Federal Reserve starts to cut this year, Horizon Kinetics' James Davolos thinks his firm's Inflation Beneficiaries ETF (INFL) is in a sweet spot. "We're actually going into the mature phase of inflation," the firm's portfolio manager Davolos told CNBC's "ETF Edge" this week. Horizon Kinetics created the Inflation Beneficiaries ETF in January 2021 as inflation started to rise after the Covid-19 pandemic quarantine. As of April 30, FactSet shows the Inflation Beneficiaries ETF's top holdings include Wheaton Precious Metals , PrairieSky Royalty and Viper Energy . As of Friday's close, the Inflation Beneficiaries ETF is up 30% since its inception.
Persons: James Davolos, We're, Davolos, CNBC's Organizations: Federal Reserve, Reserve, Wheaton Precious Metals, PrairieSky, Viper Energy
In the sports world, betting and gambling startups have started the last two years raising fewer and fewer funding dollars. While funding is harder to come by, startups are also facing changes in the world of sports business and technology. Insider recently released a list of the top VCs investing in sports and asked their founders, CEOs, partners, and directors what they would tell startups trying to break through. Chris GroveKey investments: Acies Investments and EKG Ventures are focused on sports, gambling, and technology. When we invest in a tech company, we have four criteria.
Persons: Tom Loverro, Cole Van Nice, Chris Grove, Chris, you've, There's, Courtside, Tom Brady, Michael Strahan's, Meredith McPherron, Alex Rodriguez, Topgolf Callaway, Brad Farkas, Steve Ahern, Lance Dietz, Craig Thompson, Michael Proman, Proman, Wayne Kimmel, SeventySix, It's, Lloyd Danzig, Sharp Organizations: Elysian Park, Acies Investments, EKG Ventures, Courtside Ventures, of Sports, Elysian Park Ventures, Club, Kinetics, PGA of America, HBSE Ventures, KB Partners, Mindspring, Scrum Ventures, Ventures, Japanese, Boom Entertainment, SeventySix, Vegas Sports Information, Inc, Entrepreneurs, Sharp Alpha Advisors Locations: Chris Grove, Chicago
That has led to speculation on social media that perhaps rapid tests have lost their ability to detect some of the newer coronavirus variants. “To date, the performance of currently marketed COVID-19 tests has not been adversely impacted by any new variants,” Merchak said in a statement. “That’s why the repeat testing 48 hours is so important.”Why rapid tests are often negative in kidsAnother real-world study of rapid tests identified another reason the tests sometimes don’t work well: operator error. In this study, negative rapid tests correctly meant that a child was healthy only 38% of the time. PCR tests showed that the infected kids had viral loads that should have been high enough to turn positive on rapid tests.
Persons: , Michael Mina, Mina, Todd Merchak, ” Merchak, ” Mina, won’t, , Nathaniel Hafer, ” Hafer, Taiwan hadn’t, Dr, Sanjay Gupta, he’s Organizations: CNN, telltale, Twitter, National Institutes of Health, US Food and Drug Administration, Cell, RADx, FDA, CDC, University of Massachusetts, UMass Chan Medical, Rapid, CNN Health Locations: Taiwan
Alex Akmal and her partner, Alex, along Memorial Union Terrace on Lake Mendota. In the case of Gen Z, one move often begets another, according to one demographer. Gen Z bonds have been cemented even more because many young people are delaying marriage and having children, the center found. After her studies, she said she might move to Washington, D.C., an even larger Gen Z hangout with those offerings and more. Cities must evolve for the futureFor whatever reason they are coming to these cities, these Gen Zers are here to stay.
Three Russian scientists involved in missile development have been arrested, according to reports. The scientists are accused of treason, a charge that carries up to 20 years in prison. The missiles they helped create are among the most prized weapons in the Russian military's arsenal. The arrest of Shiplyuk, director of the institute's Siberian branch, was reported by Russian state media last August, and Maslov, its chief researcher, last July. They say younger scientists are being deterred by the arrests from pursuing similar research.
Who are zillennials?
  + stars: | 2023-05-10 | by ( Terry Ward | ) edition.cnn.com   time to read: +8 min
Along the blurry edge at the cusp of the two generations, between Gen Y and Z, is where zillennials live. Zillennials straddle the generations of millennials, who are considered digital pioneers, and Gen Z, who are considered digital natives who never knew life before screens. While zillennials often feel they don’t fit in with either Gen Z or millennials, Dorsey said the middle zone they occupy has its own advantages. His firm’s research has shown Gen Z to be more connected to social causes than millennials, with zillennials similarly more interested than millennials when it comes to social issues. From a young age, zillennials have learned the effects of climate change, said Carr.
For those in need of a little motivation, Planet Fitness is throwing in an incentive. They have to share an online clip describing their High School Summer Pass experience to be considered. A boost to teens’ mental and physical wellbeingData reveal teens struggle with their overall wellness. This year’s High School Summer Pass launch during Mental Health Awareness Month is no accident. Teens can register now before free club access starts May 15, and those under 18 have to sign up with a parent or guardian, Planet Fitness said in the news release.
Gen Z is moving in droves to college towns after they get their degree. Alex Akmal and her partner, Alex, along Memorial Union Terrace on Lake Mendota. Gen Z bonds have been cemented even more because many young people are delaying marriage and having children, the center found. After her studies, she said she might move to Washington, D.C., an even larger Gen Z hangout with those offerings and more. For whatever reason they are coming to these cities, these Gen Zers are here to stay.
But fund manager James Davolos believes the commodities sector is where it's at for savvy investors. "I don't really worry about volatility that much, but I continue to think that the one universally underpriced asset class today is commodities," Davolos, portfolio manager at Horizon Kinetics, told CNBC's "Street Signs Asia" on Monday. Stocks to play it One of his top picks is Lithium Royalty Corp, which owns a royalty portfolio of lithium mines. Davolos believes the market is underappreciating Lithium Royalty as most of its portfolio mines have yet to commence production. Davolos also likes two other stocks : Viper Energy Partners , which owns a royalty portfolio of oilfield assets, and its parent company Diamondback Energy .
Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks amid a recent dip in oil prices. Thummel also likes two energy infrastructure stocks — Cheniere Energy and Energy Transfer . He likes Viper Energy Partners , which owns a royalty portfolio of oilfield assets. "Viper Energy has one of the largest backlogs of tier-one locations in the [Permian] basin. Viper Energy is thus able to leverage improving energy prices while having "strong" downside support, according to Davolos.
Co-manager James Davolos told Insider about the fund's approach to identifying market mistakes. Half the fund's money is in one stock, and Davolos explained why he's not hurrying to change that. Davolos and his team then investigate those areas and try to identify any mistakes the market has made about the quality of an investment. "Nobody at the firm follows a sector per se, or a geography, or a capitalization," Davolos told Insider in a recent interview. Texas Pacific doesn't have to pay for equipment or fund that work; it simply makes money from the drillers.
Here are six energy companies that Davolos believes are strong long-term investments. Expect high inflation to hurt earnings in 2023 and beyondOf all the trends Davolos spotted, one stands out most: inflation will be higher for longer. Most investors assumed that the high inflation of the 1970s and '80s was gone forever after the internet and other technology kept prices down during the previous two decades. Stocks broadly will likely suffer if inflation stays stubbornly high, Davolos said, given that higher prices weigh on firms' profit margins. Energy royalty companies' efficient, asset-light business model gives them lofty operating margins that are the envy of their peers.
Horizon Kinetics stood out in a brutal year for stocks — boasting several mutual funds that have returned more than 40%. On the list of best-performing equity mutual funds of 2022, four out of five are from this under-the-radar, New York City-based shop, according to Morningstar. Royalty companies Kinetics focuses on hard assets, but that doesn't mean each candidate appears in a Kinetics' portfolio. The Paradigm fund's biggest position is in Texas Pacific Land , one of the largest owners of land in Texas. The company, which Kinetics has owned since 1995, has exposure to two types of hard assets — land as well as oil and gas royalties.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the No.1 fund manager this year uses hard assets to beat the marketJames Davolos, a portfolio manager at Horizon Kinetics, said his market-beating secret is to find the so-called "hard assets" to benefit from inflation.
Insider asked VC investors which sports startups they find the most innovative. We asked each investor to nominate companies, including one outside their investment portfolio. The top startups are innovating on the models for leagues, betting, athlete performance, and more. Insider asked 10 top venture capitalists who focus on sports to name the most innovative startups in the industry in 2022. Athlete performance is also a hot topic for investors, who highlighted startups like Diamond Kinetics, biomarker scanner Spren, and Veo.
The winner, James Davolos of Kinetics, doesn’t over-diversify. Many stock-fund managers can spin tales of how they triumphed over a bear market. Few, however, have encountered the kind of nightmare market they now are confronting. Only the most stubborn contrarians think that a lasting rebound has begun with the positive bounce taken in early October by U.S. stock indexes. Investors still face painful inflation, rising interest rates, nerve-racking volatility and geopolitical tensions.
The Horizon Kinetics Spin-off and Corporate Restructuring Fund , which buys stocks shortly before or after a corporate event, has created a narrow portfolio of smaller stocks that is crushing the market in 2022. The fund has gained more than 17% in 2022 even as the S & P 500 fell into a bear market. James Davolos, a portfolio manager at Horizon Kinetics, said that spin-offs can create mispricing of stocks due to market structure. So they are probably going to sell the stock," Davolos said. Worker hospitality stock Civeo Corp ., which was spun out from Oil States International in 2014 , has also been a big winner for the Kinetics fund in 2022, gaining more than 40%.
Twenty-eight percent of millennials think they're worse off financially than they thought they'd be a decade ago, according to an INSIDER and Morning Consult survey. Twenty-eight percent of millennials think they're worse off financially than they thought they'd be a decade ago, according to an INSIDER and Morning Consult survey. Of those who answered the question, more than half who think they're worse off financially consider themselves poor, while 34% of respondents consider themselves working class — only 14% of the people who answered think they're middle class. The burden of student-loan debt, which totaled nearly $1.5 trillion in 2018, according to Student Loan Hero, doesn't make saving any easier. Of the millennials who think they're worse off financially, 33% are still paying off student loans; 23% previously paid them off.
Persons: they'd, , Read, Jason Dorsey, Millennials, Louis, Dorsey, doesn't, There's, hasn't Organizations: Service, Federal Reserve Bank of St, Loan, millennials, Student Loan
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