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☆ Beyond the U.S.: Investment analyst names markets — and stocks — he’s betting on right now
▼ + stars: | 2024-04-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

One investment analyst says he's looking for opportunities outside the U.S. stock market. HDFC Bank In India, the investment analyst is betting on Indian bank HDFC . HDFC Bank recently reported 55.4% year-on-year growth in gross advances for the quarter ended March 31. Shares in the bank are traded in the Nifty India Financials ETF (15.6% weight) and iShares India 50 ETF (11.2%). Shares in the life insurer are traded in the iShares MSCI Hong Kong ETF (20.0% weight) and Franklin FTSE Hong Kong ETF (19.2%).

Persons: we've, Steven Glass, CNBC's, Glass, AIA's Organizations: Sydney, Pella Funds Management, HDFC Bank, India, India Financials, AIA, AIA Group, Hong, Hong Kong ETF, Franklin FTSE, Franklin FTSE Hong Kong ETF Locations: Europe, Pella, Asia, China, India, FactSet, Singapore, Vietnam, Hong Kong, Franklin FTSE Hong

☆ Sell Nvidia or stick with it? Here's what investors say
▼ + stars: | 2024-03-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Here's what those who currently hold Nvidia shares are doing — or planning to do — with their positions. Sell at least some Some are saying it's time to sell or that they have already sold part of their Nvidia shares. Paul Gambles, managing partner of MBMG Family Office Group, told CNBC Pro on Monday that he'd sell Nvidia right now. Stick with it Louis Navellier of Navellier and Associates is still fairly bullish, and says it's definitely not time to sell any Nvidia shares yet. After Nvidia's selloff, he reiterated his position, saying he has no plans to sell Nvidia.

Persons: it's, Vahan Janjigian, CNBC's, Paul Gambles, Gambles, NVDA, Jordan Cvetanovski, Cvetanovski, I'm, we've, Craig Johnson, Piper Sandler, Louis Navellier, Nvidia's selloff Organizations: Nvidia, Greenwich Wealth Management, Trust, VanEck Semiconductor, Family, CNBC Pro, Sydney, Pella Funds Management, Navellier Locations: Pella, NVDA

☆ Sell Nvidia or stick with it? Here's what experts say
▼ + stars: | 2024-03-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Here's what those who currently hold Nvidia shares are doing — or planning to do — with their positions. Sell at least some Some are saying it's time to sell or that they have already sold part of their Nvidia shares. Vahan Janjigian, chief investment officer at U.S.-based Greenwich Wealth Management, says he had a "big position" in Nvidia until recently. Paul Gambles, managing partner of MBMG Family Office Group, told CNBC Pro on Monday that he'd sell Nvidia right now. Stick with it Louis Navellier of Navellier and Associates is still fairly bullish, and says it's definitely not time to sell any Nvidia shares yet.

Persons: it's, Vahan Janjigian, CNBC's, Paul Gambles, Gambles, NVDA, Jordan Cvetanovski, Cvetanovski, I'm, we've, Craig Johnson, Piper Sandler, Louis Navellier Organizations: Nvidia, Greenwich Wealth Management, Trust, VanEck Semiconductor, Family, CNBC Pro, Sydney, Pella Funds Management, Navellier Locations: Pella

☆ Diversify your AI plays — these are the best alternatives to Nvidia, fund managers say
▼ + stars: | 2024-03-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Nvidia may have enjoyed a red-hot run on the back of the artificial intelligence craze, but many other tech stocks have also benefited. CNBC Pro speaks to fund managers to find out the best alternatives to Nvidia that investors can consider. ASML will also continue to benefit "because without ASML there's no TSMC, without TSMC there's no Nvidia," Cvetanovski said. Ray Wang, principal analyst and founder of Constellation Research, also named TSMC, saying that it "always wins." Super Micro Computer Meeks, who is co-chief investment officer at Harvest Portfolio Management, says Super Micro Computer is his favorite alternative AI stock to play right now.

Persons: Paul Meeks, Taiwan's TSMC, TSMC, Cvetanovski, ASML, Ray Wang, Vertiv, Meeks, astronomically, Wang, Meta —, Sam Altman's Organizations: Nvidia, Veteran, CNBC Pro, Tech, CNBC, Semiconductors, Sydney, Pella Funds Management, Generations Fund, Devices, Constellation Research, AMD, Portfolio Management, Microsoft, Big Tech, Cisco, Meta, Google Locations: Pella, United States

☆ Five stocks to buy before the year end, according to the pros
▼ + stars: | 2023-12-05 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

FactSet data shows that 70% of the 43 analysts covering Snowflake have buy or overweight ratings on the stock. Year-to-date shares in the biotechnology and life sciences equipment manufacturer are down nearly 4%, but Ghosh remains positive. Schneider Electric Elsewhere, French energy management company Schneider Electric is on the radar of Steven Glass, managing director and investment analyst at Pella Funds. "We're very bullish, although it's not as cheap as it used to be on Schneider Electric. Year-to-date, shares in Schneider Electric are up around 28%.

Persons: Karen Kharmandarian, Colette Kress, Warren Buffett, Rahul Ghosh, Rowe Price, Ghosh, Steven Glass, it's, Glass, Schneider Organizations: Big Tech, CNBC Pro, Nvidia, Thematics Asset Management, U.S, Robotics Fund, Berkshire Hathaway, BE Semiconductor Industries, BE Semiconductor, BE, Danaher Corp, Schneider, Pella Funds Locations: China, Snowflake, Danaher, Pella

PELLA, Iowa (AP) — Voters in a small Iowa city narrowly decided not to support giving their City Council more power over their local library. Just over half the voters in Pella rejected an advisory vote on whether the City Council should have more power over how the library spends its money and whether it pulls certain books from shelves, the Des Moines Register reported Wednesday. Opponents of the Pella measure persuaded voters that it's better to keep the library somewhat insulated from politics. Like in many Iowa communities, the City Council-appointed library board has control over spending, who to hire as director and whether to remove books that are challenged. A group of residents asked the library board in late 2021 to either remove “Gender Queer” or put it behind the checkout counter where kids can't get it.

Persons: Maia Kobabe’s, Donald Trump, ”, Anne McCullough Kelly, “ It’s, equitably Organizations: — Voters, Council, Des Moines Register, American Library Association, City Council Locations: PELLA , Iowa, Iowa, Pella, City

☆ Rising yields and war: Here's how to trade the volatility, according to fund managers
▼ + stars: | 2023-10-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Market volatility looks here to stay: Yields are still rising, a war is raging, and it's uncertain whether interest rates will stay higher for longer. Go for bonds Though volatility in the bond market has led to losses, some fund managers are saying that it's time to get back into this asset class, given that yields are high. Money market funds typically include short-term Treasurys. Bond yields move inversely to prices — that means a peak in interest rates may signal that bond prices have bottomed. When interest rates rise, bond prices typically fall as existing bonds with lower yields become less attractive.

Persons: Investors, David Katz, Katz, Bryn Jones, there's, Jones, Hide, Paul Meeks, Meeks, Steven Glass, Glass, Marsh McLennan, he's, they're, — CNBC's Michael Bloom Organizations: Treasury, Bank of America, Matrix Asset, CNBC Pro, gilts, U.S . Federal, Treasury Bond ETF, Pella Funds, Group, ASM, Taiwan's Locations: Israel, United States, China, U.S, Pella, Germany, Netherlands

☆ Vivek Ramaswamy has Iowa voters curious, but not yet committed, after standout debate
▼ + stars: | 2023-08-27 | by ( Aaron Pellish | ) edition.cnn.com time to read: +19 min

That’s the true mark of a real milestone on this campaign,” Ramaswamy joked. For many voters in Iowa, the debate was their introduction to the 38-year-old candidate. A survey of potential Republican primary voters who watched the debate conducted by The Washington Post, FiveThirtyEight and Ipsos showed 26% of voters thought Ramaswamy won the debate, second highest behind DeSantis. Still, the Ramaswamy campaign said it raised $600,000 in the day after the debate, the largest single-day total since its launch. The Ramaswamy campaign plans to continue visiting Iowa and answering voter questions like Christensen’s around the state, Chapman told CNN.

Persons: Vivek Ramaswamy’s, Ramaswamy, ” Ramaswamy, Ron DeSantis, Donald Trump, “ I’m, ” Mara Brown, Brown, she’s, ”, Mike Pence, Chris Christie, Nikki Haley, ” Haley, “, Ipsos, Ramaswamy’s, Melissa Berry, she’d, ” Berry, he’s, Jake Chapman, ” Chapman, That’s, Vivek Ramaswamy, Apoorva, Ramaswamy hadn’t, didn’t, Milt Van Grundy, Van Grundy, Trump, who’s, Haloti Tukuafu, Joe Biden, “ Trump, Vivek, ” Tukuafu, Pam McCumber –, –, “ He’s, ” McCumber, DeSantis, Haley, Pence, Gene Smith, Terry, pushback Trump, ” Gay Lee Wilson, ” Wilson, ‘ There’s, Cory Christensen, ” Christensen, Richard Nixon’s, Christensen, Nikki, you’ve, you’re, ’, “ There’s, Chapman, Hillary Ferrer, leapfrog DeSantis, He’s, ” Ferrer Organizations: Iowa CNN —, Republican, Florida Gov, CNN, Trump, ”, Former New Jersey Gov, South, United Nations, The Washington Post, Atlantic, Quinnipiac, Republicans, “, America, NATO, Raytheon Locations: Urbandale, Iowa, Des Moines , Iowa, South Carolina, Russia, China, Ukraine, Taiwan, Israel, America, Milwaukee, Winterset , Iowa, Ramaswamy’s Iowa, Ohio, Marshalltown , Iowa, Washington ,, Florida, Indianola, Maui, Clarion , Iowa, Newton , Iowa, “, Des Moines, Pleasant Hill , Iowa, Waukee , Iowa, Winterset, Pella , Iowa

☆ Ramaswamy, the Millennial Candidate, Has a Lot to Say About His Generation
▼ + stars: | 2023-08-26 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +2 min

Vivek Ramaswamy, rising in the polls and buoyed by the first Republican primary debate this week, was barnstorming through central Iowa on Friday with a trademark smile and a remarkably bleak generational diagnosis of what ails younger America. The government “systematically lies to us,” he said. He told another gathering in Indianola, “We face a nonzero risk that the United States of America could cease to exist,” obliterated by the blossoming alliance of Russia and China. And yet somehow his evocation of a generational malaise seems to resonate, at least with the crowds that are packing the restaurants, cafes and even larger venues in the state that will cast the first ballots this January for the Republican presidential nomination. Noticeably, however, those crowds don’t seem to include many young voters.

Persons: Vivek Ramaswamy, Millennials, “, ”, Ronald Reagan’s, Bill Clinton’s Organizations: Republican Locations: Iowa, America, Pella , Iowa, Indianola, United States, Russia, China, Young

Emma Willits, a mental health counselor from Des Moines, is looking for a candidate who cares about climate change and universal health care. He said he voted for Donald J. Trump twice and would probably do so again, if the former president wins his party’s nomination for a third time. But Mr. Hogan, too, would like more options. “These two jokers compared to Ronald Reagan?” said Mr. Hogan, a 58-year-old retiree from Pella, a small town an hour southeast of Des Moines. “Come on.”In an era when American politics are defined by discord, there’s one issue on which voters across the divided political landscape appear to be able to find common ground: Please, not another round of this.

Persons: Emma Willits, Biden, John Hogan, shushed, Donald J, Trump, Hogan, Ronald Reagan, ” Locations: Des Moines, Willits, Pella

☆ It is dangerous to buy big tech stocks right now due to valuation, says fund manager
▼ + stars: | 2023-07-06 | 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 EmailIt is dangerous to buy big tech stocks right now due to valuation, says fund managerSteven Glass of Pella Funds Management says the "Magnificent Seven" big tech stocks are the ones driving U.S. markets higher and they look fully valued right now.

Persons: Steven Glass Organizations: Pella Funds Management Locations: Pella

☆ 'Clear winner:' analyst names stocks to play the EV sector
▼ + stars: | 2023-06-22 | 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 Email'Clear winner:' analyst names stocks to play the EV sectorSteven Glass of Pella Funds Management shares his stocks to play the electric vehicles theme, a sector he called "one of the most exciting industrial themes of our lifetime."

Persons: Steven Glass Organizations: EV, Pella Funds Management Locations: Pella

☆ Markets are running 'too fast, too quickly' — buy these cheaper stocks instead, analyst says
▼ + stars: | 2023-06-22 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. stocks have been red-hot, with the S & P 500 hitting its highest level in over a year. But Steven Glass, managing director and analyst at Pella Funds Management, says U.S. markets have "run too fast, too quickly." The S & P 500 is up around 15% in the year to date, while the Nasdaq has soared about 31%. Glass said the S & P 500 earnings yield is at about 5.2% — a level similar to that of one-year Treasury bonds. That would translate to a 10 times price-to-earnings ratio for the S & P 500 — but the figure is now at 19.

Persons: Steven Glass, CNBC's, Glass, doesn't, Albemarle Organizations: Pella Funds, Nasdaq, Big Tech, CNBC, Stock, EV, China Clean Technology Locations: Pella, U.S, China

☆ This veteran investor's funds have been outperforming since 2006. Here are his top investing tips
▼ + stars: | 2023-06-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Those are the qualities that outperforming portfolio manager Jordan Cvetanovski has looked for in stocks for the past nearly 20 years. Since its inception in 2022 to May 31, his Pella Global Generations Fund has delivered nearly 20%, outperforming its benchmark — the MSCI ACWI (the MSCI's flagship global stock index) — by 7%. As an investor, Cvetanovski, who is based in Sydney, Australia, said he invests only in his own 34-stock fund, the Pella Global Generations Fund. Investing 'won't be as simple as it was' Cvetanovski said his method of investing has stayed "exactly the same" through the years. Following sustainability criteria is one of Pella Global Generations Fund's objectives.

Persons: Jordan Cvetanovski, I've, …, Carmignac, Cvetanovski, IQVIA, there's, Tesla, EVs Organizations: CNBC Pro, Pengana International, Pengana Capital Group, Fund, Generations Fund, Pella Funds, 3i, Adobe, McLennan, Novo Nordisk, UnitedHealth Locations: Pella, Sydney, Australia, China, U.S, Europe

☆ Forget Nvidia: Fund manager says buy these two chip giants instead, giving one 30% upside
▼ + stars: | 2023-06-09 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But Jordan Cvetanovski, chief investment officer and portfolio manager at Pella Funds Management, told CNBC Pro this week that he wouldn't buy Nvidia as it's simply too expensive right now. "AI is a great story, Nvidia is a great story but a poor investment due to its valuation." ASML versus TSMC While ASML and TSMC will both benefit from AI, one has an edge over the other, according to Cvetanovski. "TSMC is arguably a great story at a great valuation making it a very strong investment for us. According to FactSet, analysts covering both TSMC and ASML give them around 10% upside each on average.

Persons: Jordan Cvetanovski, ASML, Cvetanovski, TSMC Organizations: Nvidia, Pella Funds Management, CNBC Pro, Apple, Investors Locations: Pella

☆ GOP hopefuls campaign in Iowa
▼ + stars: | 2023-06-05 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

A security staffer checks arriving guests' bodies with a magnetometer for possible weapons before the start of a U.S. presidential campaign event with Florida Governor Ron Desantis on his second day of campaigning as an official candidate for the...moreA security staffer checks arriving guests' bodies with a magnetometer for possible weapons before the start of a U.S. presidential campaign event with Florida Governor Ron Desantis on his second day of campaigning as an official candidate for the 2024 U.S. Republican presidential nomination at Sun Valley Barn in Pella, Iowa, May 31. REUTERS/Scott MorganClose

Persons: Florida Governor Ron Desantis, Scott Morgan Organizations: Florida Governor, Republican, REUTERS Locations: Pella , Iowa

☆ Thiago Seyboth Wild stuns Daniil Medvedev in French Open upset
▼ + stars: | 2023-05-30 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

2 Daniil Medvedev was knocked out by Brazilian qualifier Thiago Seyboth Wild in the first round on Tuesday. Playing on this court against this kind of player and beating him is a dream come true,” Seyboth Wild, 23, said during his on-court interview. After winning match point with another crushing forehand, the beaming Brazilian turned to the crowd in disbelief, before raising his arms aloft. I started cramping in the second set. I did my best and tried to play my best tennis and it worked,” Seyboth Wild said.

☆ Trump's 'states rights' abortion stance is drawing criticism from the right — but don't expect it to dent his evangelical support in Iowa: 'I don't think we can die on that hill'
▼ + stars: | 2023-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +8 min

Trump has backed away from a nationwide law on abortion, saying the issue is best left to states. Asa Hutchinson, and Sen. Tim Scott of Florida — declined to draw a strong contrast with Trump on abortion. That statement quickly upset many on the anti-abortion right. Maggie DeWitte, the director of an Iowa anti-abortion group, had a table that included "free babies." "We need to convince more people that the life position is the right position," said Horman.

☆ The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
▼ + stars: | 2023-03-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Pascal Mora | Bloomberg | Getty Imageswatch nowHowever, the downward spiral of Credit Suisse's share price and mounting asset outflows were underway long before the collapse of Silicon Valley Bank earlier this month. Swiss regulator FINMA has come under fire for allowing the situation to deteriorate as the bank spent years mired in losses and scandal. Mark Yallop, chairman of the U.K.'s Financial Markets Standards Board and former U.K. CEO at UBS, told CNBC on Tuesday that he agreed with the broad assessment that Credit Suisse's downfall was "idiosyncratic." "It's unfortunate that the problems with some of the smaller U.S. banks in the last two or three weeks happened at the same time as this issue with Credit Suisse but the two are completely different and very largely unrelated," he said. By contrast, the Swiss banking and regulatory system has come under fire.

☆ This has been a long time coming for Credit Suisse shares, analyst says
▼ + stars: | 2023-03-16 | 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 EmailThis has been a long time coming for Credit Suisse shares, analyst saysSteven Glass, managing director and analyst at Pella Funds Management, says the plunge of Credit Suisse shares has been a long time coming.

☆ A weaker dollar is great news for copper, asset manager says — and names 3 stocks to buy
▼ + stars: | 2023-01-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Glass highlighted three copper or copper-related stocks that could get a boost from the weaker dollar. Glass also named Chilean copper mining group Antofagasta , and metals and mining firm Boliden. "There just has not been enough investment in copper," Glass told CNBC's "Street Signs Asia" on Tuesday. Glass isn't the only one bullish on copper. Three-month copper on the London Metal Exchange was trading around $9,418 a metric ton on Wednesday, up from around $8,000 a metric ton in November.

☆ Want a Tesla alternative? Analysts and fund managers reveal their top EV stocks
▼ + stars: | 2023-01-16 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Now, a precipitous plunge in its share price in 2022 puts its value well under $400 billion. At the end of last week, the EV maker cut prices in the U.S. and throughout Europe in what's being viewed as an effort to boost sales volumes. But there have also been some self-inflicted pains too: the long-running Twitter saga ; Musk's massive sale of Tesla shares ; and a capacity expansion in the face of slowing demand. Tesla alternatives For Deutsche Bank, Chinese EV maker Nio is the only pure-play name among its top automotive picks for 2023. Nio shares ended Friday at $11.81, down over 60% over the last year.

☆ Wall Street is bullish on this chip giant, with Morgan Stanley giving it 55% upside
▼ + stars: | 2023-01-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The once-hot chip sector was hit hard in 2022, with the PHLX Semiconductor Sector Index falling around 37% over the year. And one name keeps coming up as a top pick: Taiwan Semiconductor Manufacturing Company (TSMC). But analysts overall remain positive, with 90% of those covering the stock giving it a buy rating, according to FactSet, and average price target upside of 37%. Morgan Stanley also named TSMC as a top pick in a December note, giving it a price target of $700, or upside of 55%. It explained that the semiconductor industry must continue to invest at a high level in order to achieve future growth, however "investment efficiency" has deteriorated.

☆ Fund manager says a recession is ‘imminent’ — and names cheap stocks to play it
▼ + stars: | 2022-12-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The yield curve is already signaling that a recession could be on the horizon. I think that's pretty clear," fund manager Steven Glass told CNBC's "Street Signs Asia" Monday. So, we think the bond market suggests that could likely be a recession in probably the next year," Glass added. An inverted yield curve occurs when interest rates on shorter-term U.S. Treasury bonds are higher than longer-term ones. With inflation likely to remain higher-for-longer in the near term and companies facing earnings pressure, Glass said he is focusing on companies with earnings visibility.

☆ Apple vs. Microsoft? One outperforming fund manager picks his favorite — and explains why
▼ + stars: | 2022-12-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Apple The Switzerland-based fund manager says Apple's shares have performed relatively better than Microsoft's because it has spent $90 billion buying back shares in the last financial year, compared to Microsoft's $30 billion of buybacks. Dodds believes this masks underlying weaknesses in Cupertino-headquartered Apple's business. Microsoft On the other hand, Dodds highlighted steps that Microsoft is taking that make it a better investment. Whereas Dodds said Apple relies on a handful of highly profitable revenue streams to keep up growth. "They rely a lot on the consumer continuing to convince themselves that an Apple 14 is a must have over an Apple 13."

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