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☆ 'A lot of ifs and leaps of faith': 7 investment chiefs and strategists break down earnings trends in what may be a make-or-break Q4, and 3 sectors to watch
▼ + stars: | 2024-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Markets are closely monitoring Q4 earnings results, which began rolling out in mid-January, since they give much-needed clarity on the prior year while setting the tone for the year ahead. AdvertisementWhat to expect during the Q4 earnings seasonEarnings seasons often bring surprises, but there are also bankable bets. But we're going to be driven more by the macro, if we're excluding these mega-cap tech stocks." 3 sectors with boom-or-bust potentialWhile the strategists Business Insider spoke with didn't provide investing recommendations, several shared which sectors they're watching in Q4. Bianco believes the tech sector's earnings will rise over 20% this year.

Persons: —, Matt Stucky, Stucky, David Kelly, UBS Josh Jamner, That's, Jamner, Carol Schleif, Schleif, there's, Anthony Saglimbene, David Bianco, Saglimbene, Bianco, Brad Klapmeyer, Klapmeyer, " Bianco, Ameriprise's Saglimbene, BMO's Schleif, Indrani De, De, she's, he'd, that's Organizations: Service, Business, Northwestern Mutual Wealth Management, Asset Management, UBS, ClearBridge Investments, BMO Family Office, DWS, Macquarie Asset Management, FTSE Russell Locations: Americas

☆ Top money managers warn that 2024 earnings expectations are getting out of hand, even as Wall Street firms scramble to raise their S&P 500 targets
▼ + stars: | 2024-01-18 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Goldman Sachs"We expect price increases to be driven by modest earnings growth and well-supported price-to-earnings multiples," wrote Austin Pickle, a strategist at WFII, in a January 16 note. Stucky continued: "I've never seen a re-acceleration in earnings growth — which is what the baseline expectation is for earnings — absent some sort of economic recovery or an acceleration in economic growth. He noted that many factors influence profits, but added that his forward model suggests there's earnings risk ahead. Bianco said he expects flat or mid-single-digit earnings growth for stocks in most sectors. However, he said that during expansions, GDP growth is a poor predictor of earnings growth.

Persons: Goldman Sachs, Austin Pickle, Jonathan Golub, Golub, Matt Stucky, Stucky, I've, Brad Klapmeyer, He's, Klapmeyer, Anthony Saglimbene, —, Saglimbene, Saglimbene doesn't, David Bianco, Bianco Organizations: Business, Wells, Investment Institute, UBS, Federal Reserve, Northwestern Mutual Wealth Management, Macquarie Asset Management, DWS Group

☆ Exclusive: CEZ plans to bid for Czech gas distribution network GasNet
▼ + stars: | 2023-08-07 | by ( Jan Lopatka | ) www.reuters.com time to read: +3 min

Electricity transmission lines carry power from CEZ's Ledvice coal-fired power plant near the village of Ledvice, Czech Republic, February 9, 2016. REUTERS/David W Cerny/File PhotoPRAGUE, Aug 7 (Reuters) - Czech electricity producer CEZ (CEZP.PR) plans to bid for the country's gas distribution network GasNet if it goes on sale, CEZ's deputy chairman said, as it would complement CEZ's expansion into gas, a transitional fuel in the shift from coal to clean energy. Pavel Cyrani told Reuters that CEZ would bid when a formal sale process is launched for GasNet, adding the unit would also be a good fit for CEZ's electricity distribution business. GasNet, owned through Czech Gas Network Investments by a consortium led by Macquarie Asset Management and including British Columbia Investment Management Corporation and Allianz Capital, covers 80% of the country's gas distribution through a network of 65,000 km of gas pipelines. "Having gas distribution in the hands of a strong local player would clearly help us in this effort," a spokesman said.

Persons: David W Cerny, Pavel Cyrani, Cyrani, Macquarie, GasNet, Jan Lopatka, Jason Hovet, Susan Fenton, Louise Heavens Organizations: REUTERS, Reuters, Czech Gas Network Investments, Macquarie Asset Management, Columbia Investment Management Corporation, Allianz Capital, Thomson Locations: Ledvice, Czech Republic, Czech, Prague, Ukraine

☆ TPG Telecom gets $4.2 bln offer for non-mobile fibre assets from Vocus
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

TPG Telecom said that Vocus made a non-binding offer to acquire certain Enterprise, Government and Wholesale (EGW) assets and associated fixed infrastructure assets, including wholesale broadband business Vision Network. Shares of TPG Telecom ended 11.6% higher at A$5.600 after resuming trading, marking their biggest intraday jump ever and finishing the day at their highest closing level since May 15. TPG Telecom said it has provided Vocus exclusive due diligence, which is set to expire on September 6. A spokesperson for Vocus said "discussions with TPG are confidential, subject to conditions and regulatory approvals. ($1 = 1.4977 Australian dollars)Reporting by Sameer Manekar in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Vocus, Sameer Manekar, Sonia Cheema Organizations: TPG, TPG Telecom, Enterprise, Government, Wholesale, Vision, Telstra Group, Telstra, Vision Network, Australian Financial, Asset Management, Thomson Locations: Macquarie, Vocus, Bengaluru

☆ Macquarie picks up majority stake in Coastal Waste & Recycling
▼ + stars: | 2023-06-13 | by ( Chibuike Oguh | ) www.reuters.com time to read: +1 min

FILE PHOTO: The logo of Australia's biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of its Sydney office headquarters in Australia, Oct. 28, 2016. REUTERS/David Gray/File PhotoNEW YORK (Reuters) - The asset management arm of Australian bank Macquarie Group Limited has bought a majority stake in waste management firm Coastal Waste & Recycling, the bank said on Tuesday. The transaction values Coastal Waste & Recycling at about $900 million, according to people familiar with the matter. Coastal Waste & Recycling serves more than 450,000 customers mostly in Florida and Georgia, making it one of the largest waste management firms in southeastern U.S. It has invested more than $5 billion in waste management businesses in the Americas since 2007.

Persons: David Gray, Brendon Pantano, Pantano, Macquarie Organizations: Macquarie Group Ltd, REUTERS, Macquarie Group, Recycling, Boca, Capital, Equity Partners, Macquarie Asset Management Locations: Sydney, Australia, Florida, Georgia, U.S, Boca Raton , Florida, Americas, Europe, Asia

☆ Macquarie Seeks Sale of U.S. Port Terminal Operator
▼ + stars: | 2023-05-09 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

Ceres has cargo handling, or stevedoring, operations at the Port of Savannah, Ga. Photo: Stephen B. Morton/Associated PressMacquarie Asset Management is seeking to sell North American port facilities operator and stevedore Ceres Terminals , according to people familiar with the matter, even as the market for infrastructure assets faces challenges with rising interest rates and slumping trade activity. The Australian investment fund is looking for about $1 billion, the people say, for the business with operations at ports in Houston, Baltimore, the Port of Savannah, Ga., and other gateways.

Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC (HSBA.L) to run the sale of SembWaste, according to the sources. First-round of non-binding bids are due by early June, said one of the sources, declining to be named as the matter is private. Last year, SembWaste's earnings before interest, taxes, depreciation, and amortization was S$50 million ($37.75 million), one of the sources added. Last year, Singapore's asset manager Keppel consortium bought a 80% stake in environmental services firm 800 Super Holdings for S$304 million. SembWaste is one of three public waste collectors appointed by Singapore's National Environment Agency to provide waste and recyclable collection services to residential, schools and trade premises in the city-state, according to its website.

☆ Breaking down where the trillions of dollars required for the energy transition could be invested
▼ + stars: | 2023-04-04 | 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 EmailBreaking down where the trillions of dollars required for the energy transition could be investedMark Dooley, global head of Macquarie Asset Management's Green Investment Group, offers up his view on investment in the energy transition.

☆ A green transition will require trillions of dollars. It'll be a 'tall order' to find the cash, but there's hope
▼ + stars: | 2023-04-04 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

"There's reason for great encouragement in what we've seen ... [happening] in the last year," Mark Dooley, global head of Macquarie Asset Management's Green Investment Group, said. The shift to a low and zero carbon future will require cutting edge technological innovation alongside huge levels of investment. Referencing the global situation, Dooley added: "We've just had our first year, in 2022, where we punched through a trillion dollars going into the energy transition — a trillion dollars." According to the International Energy Agency, clean energy investment will need to hit over $4 trillion a year by 2030 in its Net Zero Emissions by 2050 Scenario. What it calls "transition technologies" would account for 80%, or $35 trillion, of this.

☆ Analysis: Rate rises pile pain on SME firms in U.S. and Europe
▼ + stars: | 2023-03-30 | by ( Chiara Elisei | ) www.reuters.com time to read: +6 min

Summary SME vulnerability to rate hikes gone under radarUS, European credit conditions tighteningUK SMEs especially vulnerable -analystsLONDON, March 30 (Reuters) - U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid interest rate rises, with analysts and investors warily watching for the impact of tighter credit conditions exacerbated by recent banking turmoil. In the U.S. the average rate that small businesses pay on bank loans rose from around 5% to 7.6% in 2022, and is likely to hit about 9.5% by mid-year, Jefferies analysts estimate. British SMEs, hurt by weak growth, double digit inflation and rising Bank of England rates, are seen as particularly vulnerable. "The Government needs to demonstrate that it is on the side of small businesses who are feeling stressed and under huge margin pressure," McTague added. HARD TIMESMeanwhile the rate of small business loan approval at big U.S. banks meanwhile fell in February for nine straight months and business loan approvals at small banks has also fallen, said online financing platform for small businesses Biz2Credit.

☆ A top-performing fund manager shares her strategy for finding undervalued stocks hiding in plain sight — and details her 7 best investments to make right now
▼ + stars: | 2023-03-24 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

A top-performing mid-cap fund manager shared the strategy that's brought her sustained success. For over 22 years, Kimberly Scott has run the Delaware Ivy Mid Cap Growth Fund (WMGAX). Scott's mid-cap fund, which now has $5.6 billion in assets, has topped 92% of its peers over the past 15 years and ranks in the top 12% of its category so far this year, according to Morningstar. In response, the veteran fund manager is keeping up with what's going on in the economy but is mostly focused on sticking to her tried-and-true strategy for picking mid-caps. 7 top stocks to buyAfter explaining her investing method, Scott made the case for seven of the top stocks in her mid-cap mutual fund.

☆ SVB collapse a sign of pain coming from end of easy-cash era
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +6 min

LONDON, March 10 (Reuters) - The easy-cash era is over and its impact is only just starting to felt by world markets yet to see the end of the sharpest interest rate hiking cycle in decades. European banks slid on Friday after JPMorgan (JPM.N) and BofA (BAC.N) shares fell over 5% on Thursday. BofA noted European banks' bond holdings have not grown since 2015. And with defaults rising, the focus is on the less visible private debt markets, which have ballooned to $1.4 trillion from $250 billion in 2010. Reuters Graphics5/FOR SALEReal estate markets started cracking last year and house prices will fall further this year.

☆ Here's how investors should position themselves for success in 2023 as the US follows Europe into a recession, according to financial giant Macquarie
▼ + stars: | 2022-12-01 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Its top experts explained what's worth buying in stocks, fixed income, and alternative assets. Globalization was an aid to economic growth over the last few decades, but it's fading, or even reversing. Meanwhile productivity growth is weakening, and the aging populations of many countries means there are fewer workers, which makes growth harder to achieve and sustain. Global Fixed Income Strategist Graham McDevitt says that bond yields are peaking and prices are attractive in a lot of fixed income sectors, but overall fixed income pricing "is much more aligned with a soft landing" than the recession Macquarie's experts expect. Lastly, in real assets, McCormack says he's bullish on infrastructure and agriculture assets, and positive on real estate to a lesser extent.

☆ EXCLUSIVE KKR raises $6 bln for biggest Asia infrastructure fund -sources
▼ + stars: | 2022-10-28 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

HOTBED FOR DEALSLike the debut infrastructure fund that made more than a dozen investments, KKR's latest one will target renewables, telecom towers, power, utilities and transportation infrastructure, among others, the sources said. This year alone, funds backed by the likes of KKR, Macquarie, infrastructure investors DigitalBridge (DBRG.N) and Stonepeak have struck deals for tens of thousands of telecom towers in the Philippines. Earlier this month, a top executive at Permodalan Nasional Bhd, Malaysia's largest asset manager, told Reuters that it plans to add infrastructure assets into its portfolio from 2023. Last year, 19 Asia Pacific-focused infrastructure funds raised a total of $10.3 billion, Preqin data showed. Last month, Neil Arora, a veteran infrastructure dealmaker from Macquarie, joined KKR as the head of its energy transition team for Asia Pacific.

REUTERS/Brendan McDermid/File PhotoSept 19 (Reuters) - Just months ago, investors worried the Federal Reserve was not fighting inflation aggressively enough. Several jumbo rate hikes later, some now fear the Fed will plunge the economy into recession by tightening monetary policy too quickly. Investors are also pricing in meatier rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.4%. read moreDoubleLine’s Chief Executive Jeffrey Gundlach, who had in June criticized the Fed for moving too slowly, told CNBC last week he was worried the Fed might hike rates too far. Some investors think the economy may be resilient enough to withstand a more aggressive Fed.

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