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☆ Premarket stocks: Magnificent Six? Fab Five? Some say the Seven are getting a shakeup
▼ + stars: | 2024-02-08 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Is Wall Street’s favorite clique of tech stocks in need of a makeover? Most of the Magnificent Seven stocks have reclaimed their leadership of the market this year, with shares of Nvidia, Meta Platforms, Alphabet and Microsoft reaching record highs. Many investors are skeptical that the Magnificent Seven will match their blockbuster gains from 2023, even if they continue their leadership this year. Jim Worden, chief investment officer at the Wealth Consulting Group, says he believes the group should consolidate to the “Fab Five,” which he classifies as the Magnificent Seven minus Tesla and Apple. “There is a big leadership change underway in the Magnificent Seven stocks,” wrote Louis Navellier, chairman of Navellier & Associates, in a note on Tuesday.

Persons: Jim Worden, ”, Worden, Michael Hartnett, Jim Cramer, Louis Navellier, “, Nancy Tengler, It’s, Walt, Gina Lee, Samantha Delouya, Disney, Ron DeSantis, Diksha Madhok, ” TSMC, Joe Biden, ” Read Organizations: CNN Business, Bell, New York CNN, Nvidia, Meta, Microsoft, Apple, Wealth Consulting, Bank of America, Facebook, Netflix, Google, Federal Reserve, Micro Computer, Navellier, Associates, EV, Disney, Walt Disney World, Disney Vacation, Taiwan Semiconductor Manufacturing Company, Semiconductor Manufacturing, TSMC, US Locations: New York, China, American, Orlando , Florida, —, Florida, Japan Chip, Japan, Arizona

GENEVA (AP) — Saudi Arabia is all but certain to host the men's 2034 World Cup after the Australian soccer federation declined to enter the bidding contest. “We have explored the opportunity to bid to host the FIFA World Cup and — having taken all factors into consideration — we have reached the conclusion not to do so for the 2034 competition,” Football Australia said in a statement. Indonesia’s football association initially showed interest in a joint bid with Australia, potentially alongside Malaysia and Singapore, but that faded when Indonesia instead backed Saudi Arabia. Australia and New Zealand successfully co-hosted the Women's World Cup in July and August. Saudi Arabia also will host the men's Asian Cup in 2027 and has started a widespread construction program to build and renovate stadiums that likely also will be used for the World Cup.

Persons: “, LIV, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, Gianni Infantino, Australia —, Minky Worden, ” Worden, ___ Organizations: GENEVA, FIFA, ” Football Australia, Newcastle, Saudi Crown, South America — FIFA, Asian Football Confederation, AFC, Qatar, soccer, Australia, New Zealand, Saudi, Rights Locations: Saudi Arabia, Australian, Saudi, Spain, Portugal, Morocco, South, Asia, Oceania, Australia, Qatar, Malaysia, Singapore, Indonesia, New, Brisbane, Queensland

☆ Expand the 'Magnificent 7' to include Warren Buffett's Berkshire Hathaway, investment chief says
▼ + stars: | 2023-10-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett's Berkshire Hathaway should be part of a "Magnificent Eight," Jim Worden says. AdvertisementAdvertisementThe "Magnificent Seven" should be expanded to include Warren Buffett's Berkshire Hathaway, one investment chief says. Berkshire commands a larger market capitalization than Tesla or Meta, but it's not counted as a member of the Magnificent Seven because it's not a fast-growing technology company. Including it would provide significant diversification to the group of high-flying stocks, Worden said. It also holds roughly $350 billion worth of stocks, including multibillion-dollar stakes in Apple, Bank of America, Chevron, Coca-Cola, and Kraft Heinz.

Persons: Warren, Berkshire Hathaway, Jim Worden, —, Warren Buffett's Berkshire Hathaway, I'm, it's, Worden, Kraft Heinz, Buffett, Charlie Munger, Munger Organizations: Service, Apple, Microsoft, Nvidia, Wealth Consulting, Berkshire, Bank of America, Fed Locations: Chevron, Berkshire, Treasuries

☆ 'I don’t care': 'Sportswashing' comments from Saudi crown prince spark anger from rights groups
▼ + stars: | 2023-09-22 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Saudi Crown Prince Mohammed bin Salman lit up social media with his blunt response to accusations that his government is "sportswashing," or using sports to distract attention from its controversial human rights record. Human rights organizations immediately seized on the comments, criticizing what some said was proof of a state policy of hiding human rights violations behind an expensive veneer of big-ticket sports acquisitions and tournaments. "He's done more than say he doesn't care," Minky Worden, Human Rights Watch's director of global initiatives, told NBC News. "He's really endorsed the idea of sportswashing as a way of covering up the country's very serious human rights abuses. We've now heard from the top that this is state policy."

Persons: Prince Mohammed bin Salman, Minky Worden, He's, We've Organizations: Saudi, Fox News, Human Rights, NBC Locations: Saudi

☆ Things are looking good for Lockheed Martin regardless of US election outcome, says strategist
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThings are looking good for Lockheed Martin regardless of US election outcome, says strategistJim Worden of The Wealth Consulting Group discusses why he remains optimistic on defense stocks over the next 2 to 4 years

Persons: Lockheed Martin, Jim Worden Organizations: Lockheed, The Wealth Consulting

☆ The Capitalist Generation’s Space Race
▼ + stars: | 2023-05-10 | by ( Mark Gimein | ) www.nytimes.com time to read: +3 min

Worden’s foes think nothing of siccing federal investigators on him and his team in an intramural death match. To put it succinctly, in Vance’s telling, NASA and its usual-suspect corporate partners were basically devoted to doing very little — or ideally, nothing — at maximum expense. So Worden’s team went in the opposite direction: The simpler and cheaper the better. Will Marshall, a physics prodigy and space expert, became the informal leader of a group of Ames recruits living in a Silicon Valley group house, known as the Rainbow Mansion. The housemates started working on the smallest satellites they could come up with — shoebox-size contraptions they would eventually call Doves.

☆ First Solar is trading at levels not seen in more than a decade. Here's where it could go next — and whether you should buy it
▼ + stars: | 2023-03-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Solar technology company First Solar has seen its shares skyrocket in the new year — and some think this is only the beginning. UBS analyst Jon Windham, who rates the stock as a buy, has a near-Street-high price target of $250 per share. Young has a buy rating on the stock and a price target of $210 per share. Meanwhile, Wealth Consulting's Worden noted that First Solar shares are already trading at a high valuation. Refinitiv data also shows that the average analyst price target on the stock is $187.99, which implies downside of about 12%.

☆ Here's what William Shatner would have seen on his trip to space aboard Blue Origin as his new book says it 'felt like a funeral'
▼ + stars: | 2022-10-10 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

William Shatner became the oldest person to journey to space when he flew on Blue Origin in October 2021. The 11-minute flight reached 66 miles above Earth, where Shatner may have seen deserts, mountains, and water. The Star Trek actor described space as dreadful "ominous blackness," but was wowed by Earth's beauty. ReutersBefore the journey, Shatner expressed excitement about finally seeing space with his own eyes, describing the opportunity as "a miracle." Bettmann/Getty ImagesIn the film, Gagarin said he could see forests, and described Earth as "visible and distinct," but many areas were "covered with cumulus clouds."

☆ Rights groups ask sponsors to press FIFA, Qatar on migrant worker compensation
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +3 min

Workers are seen inside the Lusail stadium which is under construction for the upcoming 2022 Fifa soccer World Cup during a stadium tour in Doha, Qatar, December 20, 2019. Qatar has faced intense criticism from human rights groups over its treatment of migrant workers, who along with other foreigners comprise the bulk of the country's population. Qatari authorities did not immediately respond to a request for comment from Reuters about the rights groups' report. read moreMinky Worden, the director of global initiatives at Human Rights Watch, said that sponsors should use their "considerable leverage" to apply pressure on FIFA and Qatar to fulfil their responsibilities to workers. In May, Amnesty and other rights groups had called on FIFA to earmark $440 million to compensate migrant workers in Qatar.

☆ Власти Нидерландов продлевают ограничения в связи с коронавирусом
▼ + stars: | 2021-03-24 | by ( ) nokta.md time to read: +1 min

Ограничительные меры в рамках борьбы с распространением коронавируса в Нидерландах продлеваются до 20 апреля, сообщил во вторник вечером премьер-министр Марк Рютте после заседания кризисного штаба. Премьер заявил, что за неделю до 20 апреля кризисный штаб вновь соберется и решит, что делать дальше. «После 20 апреля мы не вернемся к нормальной жизни», — предупредил Рютте. Daarom blijven we tot en met 20 april in lockdown. Meer informatie ⤵️https://t.co/NyyyRQlFF9#AlleenSamen pic.twitter.com/tPlFslFvtH — Mark Rutte (@MinPres) March 23, 2021К настоящему времени число подтвержденных инфицированных коронавирусом в стране достигло 12595 человек, 1035 человек скончались.

Persons: Марк Рютте, Рютте Organizations: СМИ Locations: Нидерландах

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