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☆ 'We have real, structural problems': Brace for geopolitical drama and another chaotic election season by hedging with commodities and buying a tiny stock with 500% upside, says a hedge fund manager up
▼ + stars: | 2024-05-07 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewThe performance of hedge fund manager Harris Kupperman's Praetorian Capital Fund is proof that being pessimistic can pay off — even when the economy grows and stocks rise. Since launching at the start of 2019, Kupperman's fund is up an astounding 891.1% net of fees through March 31. AdvertisementBesides budget headaches, the hedge fund manager is wary of escalating political tensions at home and abroad. How to build a crisis-resistant portfolioThe hedge fund manager's blueprint for game plan scoring gains in a shaky backdrop with persistent inflation centers around commodities. A-Mark has consistently generated mid-single-digit earnings per share in recent years, though the hedge fund manager said that could easily rise to $10 as interest in precious metals rises.

Persons: —, Harris Kupperman's, , Kupperman, Washington, He's, there's, Precious Metals, Mark Organizations: Service, Capital Fund, Business Locations: cryptocurrencies, East, Ukraine, China

CHICAGO (AP) — More than 200 reporters, photographers and other staffers with the Chicago Tribune and six other newsrooms around the nation began a 24-hour strike Thursday to protest years of “slow-walked” contract negotiations and to demand fair wages. The strike, which includes 76 members of the Chicago Tribune reporting staff, photographers and some editors, began at 5 a.m., said Caroline Kubzansky, a member of the Chicago Tribune Guild who is a general assignment reporter for the newspaper. The NewsGuild-CWA, which represents the employees, said the workers participating in the 24-hour strike are demanding fair wages and that management not eliminate their 401(k) match benefits. Photos You Should See View All 45 ImagesThe union said cuts imposed by Alden Global Capital have “gutted newsrooms” and included cutting the Chicago Tribune's staff from 111 to 76 people since June 2021. And in late 2023, more than 200 workers at The Washington Post, owned by billionaire Amazon founder Jeff Bezos, accepted buyouts.

Persons: Caroline Kubzansky, “, ”, Jon Schleuss, Alden, Mitch Pugh, Conde Nast, Jeff Bezos, Gray Organizations: CHICAGO, Chicago Tribune, Chicago Tribune Guild, Alden Global Capital, CWA, Tribune Publishing, Chicago Tribune's, Goldin Solutions, The Associated Press, Vogue, GQ, Los Angeles Times, The Washington Post, Amazon, Orlando Sentinel, Virginian, Daily Press, Virginia Gazette, Tidewater, Virginian Press, Daily Locations: U.S, New York, Challenger, Chicago, Allentown , Pennsylvania, Virginia

☆ 'There's a lot of things that can go wrong': A market-beating hedge fund manager shares how he's preparing for chaos in 2024 — and explains why uranium will continue to soar
▼ + stars: | 2023-11-10 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Prepare for volatility and chaos in 2024Kupperman's confidence in his hedge fund is inversely related to his outlook for the economy. "Recent geopolitical events, along with the collapse of bonds in many developed markets, seem likely to lead to an increase in overall market volatility," Kupperman wrote in his letter. If he's right about inflation, his hedge fund would be well-positioned to beat the market for a fifth consecutive year in 2024. "I do the same thing always, which is you buy cheap companies with really strong tailwinds and you hold 'em through the volatility," Kupperman said. For the last 18 months, Kupperman has been convinced that the future is in two commodities: oil and uranium.

Persons: Harris Kupperman isn't, Kupperman, I'm, it's, Wall, Valaris Organizations: Praetorian, Fund, Praetorian Capital Management, US, Uranium Trust Fund, Valaris, Tidewater Locations: Tidewater

The Associated Press has not yet called the race — one of four uncalled contests that will determine the final margins in each chamber. Senate Republicans conceded late Tuesday that Democrats had taken that chamber's majority. House Republicans had not issued any kind of statement as of mid-morning Wednesday. Also uncalled by the AP Wednesday morning was the Tidewater matchup between Democratic incumbent Monty Mason and his GOP challenger, Danny Diggs. And in a competitive race south of Richmond uncalled by the AP, Republican incumbent Kim Taylor held a narrow lead over Democrat Kimberly Pope Adams.

Persons: Glenn Youngkin, Joel Griffin, Tara Durant, ” Griffin, Youngkin, ” Susan Swecker, Monty Mason, Danny Diggs, Diggs, Republican David Owen, Democrat Susanna Gibson, Gibson, Kim Taylor, Democrat Kimberly Pope Adams, Taylor, Adams, Dave Rexrode, ” “ Organizations: Senate, Republican Gov, Democratic, Republican, Associated Press, Virginia Republicans, Commonwealth, Democratic Party of Virginia, Republicans, House Republicans, AP, Tidewater, GOP, House, Democrat Locations: RICHMOND, Va, Virginia, Virginia's, Stafford County, “, Richmond, Hampton Roads, ”

RICHMOND, Va. (AP) — In a closing message to voters in this year's closely watched Virginia legislative elections, Republican Gov. Virginia is one of four states — the others are Louisiana, Mississippi and New Jersey — with legislative elections this year. The legislative candidates are running this year under maps redrawn during the last redistricting. He said he was “cautiously confident” about the possibility of a GOP trifecta — both legislative chambers as well as the governorship. Biden, who has not announced any plans to campaign in Virginia before Tuesday, recently sent a fundraising email on behalf of Virginia candidates and issued nearly two dozen endorsements.

Persons: Glenn Youngkin, Youngkin, “, we'll, ” Youngkin, Youngkin's, Virginia's, It's, Roe, Wade, there's, ” Sen, Monty Mason, Danny Diggs, Democrat Joe Biden, Diggs, Virginia doesn't, —, “ We're, ” Kay James, Rich Anderson, “ MAGA, “ MAGA Republicans ”, Donald Trump's “, Biden, ”, Heather Williams Organizations: Republican Gov, Republican, Democratic, Virginians, General Assembly, Supreme, Youngkin's PAC, GOP, Democrat, Republican Party of Virginia, Democrats, U.S . House, “ MAGA Republicans, Biden's, Republicans, Democratic Legislative Locations: RICHMOND, Va, Virginia, Louisiana , Mississippi, New Jersey, Southern, U.S, Richmond, Tidewater, Washington, Yorktown, Commonwealth

☆ 'Insanity upside potential': A hedge fund manager up 734% since the start of 2019 highlights the best investing opportunity he's ever seen — and explains why the remarkable oil rally will gain steam
▼ + stars: | 2023-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Renewed optimism about the economy calmed demand concerns while expectations of the largest oil production cuts since 2007 started to sap supply. Saudi Arabia and its OPEC allies refuse to boost oil production, much to the chagrin of the US. And so that's why I think it's just really, really interesting. Boosting uranium production takes years, he added, so it may take years to fix the shortage. Oil-adjacent stocks are the second-largest part of the Praetorian Capital Fund, Kupperman said.

Persons: Harris Kupperman, Kupperman, it's, I've Organizations: Energy, OPEC, Praetorian Capital Management, Capital Fund, Uranium Trust Fund, Praetorian Capital Fund, drillers, Offshore Locations: Saudi Arabia, Kazakhstan, Uzbekistan, Russia, Ukraine

☆ 'It seems inevitable': A $254 million hedge fund manager warns that banking and fiscal crises are coming as reckless government spending gets out of hand — but investors can avoid the pain by making t
▼ + stars: | 2023-08-24 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors should prepare for fiscal, banking, and energy crises, a hedge fund manager warned. And thanks to a strong performance in July, the $254 million hedge fund has risen 16.8% after fees in 2023. Oil prices came under pressure when government reserves were released, but Kupperman said that's not a viable long-term recipe for reasonable energy prices. He expects a massive spike in oil prices in either 2024 or 2025, which will greatly benefit companies tied to the commodity. The investing opportunity Kupperman said he's most excited about is uranium, which he's playing through the Sprott Physical Uranium Trust.

Persons: Capital's Harris Kupperman, he's, Harris Kupperman, Kupperman, —, He's, he'll, we've, Macrotrends Banks, it's, that's, Joe, JOE Organizations: Praetorian Capital Management, Praetorian, Fund, Treasury, Uranium Trust, Energy, Florida Panhandle Locations: Kazakhstan, Uzbekistan, Russia, Ukraine, Florida

☆ Here are Friday's biggest analyst calls: Apple, Nvidia, AT&T, Tesla, Disney, Amazon, Microsoft & more
▼ + stars: | 2023-07-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

JPMorgan downgrades AT & T to neutral from overweight JPMorgan downgraded the telecommunications due to "slowing growth drivers." Wells Fargo downgrades Progressive to equal weight from overweight Wells said it has concerns about the insurance company gaining share. UBS upgrades Microsoft to buy from neutral UBS said in its upgrade of the stock that shares are too attractive to ignore. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating after the company's Prime Day. JPMorgan reiterates Apple as overweight JPMorgan said recent checks show that Apple has "strong market share" in a variety of markets.

Persons: LOE, Wells, it's, Tesla, Morgan Stanley, Goldman Sachs, Goldman, Raymond James, Robert Iger, Mills, Argus Organizations: HSBC, Pfizer, ADC, JPMorgan downgrades, Verizon, Mobile, Consumer, JPMorgan, Alcoa, UBS, Microsoft, Citi, Applied Materials Citi, Bank of America, Texas Roadhouse Citi, Texas, Barclays, Apple, Sands, Macau, Northland, Nvidia, Pulte, KB, Disney, CNBC, DIS, Argus, TNT, Tidewater Locations: Wells Fargo, China, Northland

Reducing fuel's carbon intensity is critical to Canada's efforts to curb greenhouse gas emissions by at least 40% from 2005 levels by 2030. But Canada's location bordering the United States makes it especially vulnerable to a possible future flood of cheaper U.S. biofuels, said Ian Thomson, president of Advanced Biofuels Canada. The lobby group estimates there are some C$10 billion worth of Canadian projects at early stages of development, not counting more advanced ones by Imperial Oil (IMO.TO) and others. Canada offers nothing similar, but unlike the United States, has negative incentives such as a carbon tax. The companies considering investment in the United States include Arbios Biotech, a joint venture of forestry company Canfor (CFP.TO) and Licella Holdings.

Persons: Justin Trudeau's, Joe Biden, Ian Thomson, Thomson, Don Roberts, Roberts, feedstocks, Keean Nembhard, Frank Almaraz, Almaraz, Pete Sheffield, Rob Colcleugh, Colcleugh, Rod Nickel, Steve Scherer, Denny Thomas, Matthew Lewis Organizations: Tidewater Renewables, REUTERS, U.S, Advanced Biofuels, Imperial Oil, Arbios Biotech, Licella Holdings, OTTAWA Biofuels, Ottawa, Reuters, Canada, Fortis, Thomson Locations: Tidewater, Prince George, British Columbia, Canada, REUTERS WINNIPEG , Manitoba, United States, Columbia, U.S, Ottawa, Newfoundland, Labrador, Canadian, Alberta, Winnipeg , Manitoba

☆ This fund is trouncing the S&P 500 by focusing on international stocks
▼ + stars: | 2023-03-05 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

A fund once led by an investing great known for finding opportunities in distressed assets is beating the market — but with a somewhat different focus. The Third Avenue Value Fund (TVFVX) outperformed the S & P 500 in 2022, rising 11.2% while the broad-market index shed 19.4%. 'Go where the opportunities are' Fine said that can happen by looking at both country and industry trends. The fund had just over 40% and 30% of its holdings in small- and mid-cap companies, respectively, at the end of 2022. portfolio manager Matt Fine Fine was able to work under Whitman and eventually take over the value fund, which is one of the first the company created, in 2017, a year before Whitman died.

☆ Stocks are headed for their worst year since 2008, but some names doubled or more in 2022
▼ + stars: | 2022-12-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.

☆ A woman who mistakenly visited an anti-abortion crisis pregnancy center said she was met with pushback for seeking an abortion: 'I just was not ready, and words can't make you ready for that'
▼ + stars: | 2022-12-06 | by ( Hannah Getahun | Isabella Zavarise | Katie Nixdorf | ) www.businessinsider.com time to read: +12 min

Crisis pregnancy centers outnumber abortion clinics in the US. When she got to The Keim Center in Virginia Beach, it didn't look or smell like a medical clinic — it was too nice, too inviting. Unbeknownst to her, Estefanía had walked into one of the 2,000 crisis pregnancy centers, or CPCs, in the US. "Most of the folks that work in crisis pregnancy centers are people that are on a mission to end abortion." Researchers from Middlebury College have estimated that the extinction of national abortion rights means the number of people living closer to CPCs than abortion clinics will double, and CPCs will outnumber abortion clinics 1-to-5.

☆ Here's how to protect your portfolio from an inescapable energy crisis in 2023 caused by 'embarrassingly stupid' government policies, says a $200 million hedge fund manager who called the oil market's
▼ + stars: | 2022-11-08 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The Department of Energy's "embarrassingly stupid" policies will likely cause a severe energy shortage and an energy crisis in 2023, Kupperman told Insider. I mean, US energy production has roughly been flat since the end of Q1 — six months where it's flat. Ironically, energy-friendly policies that lead to an increase in oil production would bring down prices and hurt his portfolio's performance in the process. This doesn't sound like the team of people — between his energy secretary and then Biden — that's going to restore energy production. "We're going to see a new level, so to speak, in terms of commodity prices," Kupperman said.

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