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A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration/File Photo Acquire Licensing RightsLONDON/NEW YORK, Oct 23 (Reuters) - The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk's (NOVOb.CO) Wegovy presents opportunities for food manufacturers and the market's initially downbeat reaction may be overdone, investors say. Still, the stock market impact left some food manufacturers "trembling," said John Plassard, senior investment specialist at Nestle investor Mirabaud Group. The uptake in appetite suppressing drugs seems to be a U.S.-led dynamic, said My Nguyen, research analyst at Legal & General Investment Management America. "Elsewhere, trends such as wealthier, more mobile middle classes in emerging countries can support shifts towards snacking and convenience foods."

Persons: Victoria Klesty, Richard Saldanha, Wegovy, Kiran Aziz, Mark Schneider, John Plassard, Brian Frank, Frank, Nguyen, Richa Naidu, Matt Scuffham, Kirsten Donovan Organizations: REUTERS, Walmart, Nestle, Aviva, Novo Nordisk, EY, Industry, Health Sciences, Wellness, Mirabaud, Tyson Foods, Arcos Dorados, Legal, General Investment Management America, Germany's, Investments, Unilever, Coca Cola, Thomson Locations: Oslo, Norway, Victoria, United States, Denmark, Germany, Arda, Ural, U.S

☆ The stock market is right back to where it started when the Fed first started raising interest rates
▼ + stars: | 2023-06-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

After much pain and a brutal bear market, the S&P 500 has erased all of the losses from the past year and then some. It's true: the S&P 500 has erased all of its losses since the Fed's first rate hike in March 2022. What's your stock market outlook for the rest of the year? In other news:: Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. US stock futures rise early Friday as the S&P 500 extended its winning run with a sixth straight day of gains.

Persons: Phil Rosen, It's, Jerome Powell, Alex Wong, Powell, Spencer Platt, Morgan Stanley, Brian Frank —, —, Bitcoin, hawkishness, Max Adams, Nathan Rennolds Organizations: Federal Reserve, Fed, Nvidia, Meta, New York Stock Exchange, U.S . House, Dow, Getty, Kremlin, Financial Times, Coinbase Locations: Washington ,, New York City, U.S, Moscow, Russia, New York, London

☆ These 7 'left for dead' value stocks will outperform while the tech trade unwinds in an imminent recession, according to a fund manager who beat 99% of his peers last year
▼ + stars: | 2023-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Fund manager Brian Frank explained why he's bearish on tech stocks and the economy. Here are seven stocks he's bullish on now as value makes a comeback in a recession. Value is the best bet in a weak economyConsidering how growth stocks have retaken the throne from their value counterparts this year, Frank said he's pleased with how his Frank Value Fund (FRNKX) has fared. The mid-cap fund, which Frank has single-handedly managed for nearly 19 years, has outperformed 74% of its peers in 2023, according to Morningstar. "You would think, given the economic data, defensives would trade at a premium to the market," Frank said.

Persons: Brian Frank, Frank, It's, —, he's, Morningstar, we're, that's, he's bullish Organizations: Frank Value Fund, Home, Walmart

☆ What the Fed Rate ‘Pause’ Means for Your Money
▼ + stars: | 2023-06-14 | by ( Steve Garmhausen | ) www.wsj.com time to read: +6 min

By Steve GarmhausenFor months consumers have watched interest rates steadily climb. “This is the Fed just kind of waiting and seeing,” says investment adviser Brian Frank, in Key Biscayne, Fla.What does the Fed ‘pause’ mean? While no one knows where interest rates are headed, here is how to prepare yourself for three basic scenarios. If the Fed pulls away the football, stock prices could retreat. In that case, folks with higher mortgage rates can eventually refinance.

Persons: Steve Garmhausen, ”, Brian Frank, you’ve, Jon Foster, “, can’t, Frank, you’ll Organizations: Federal Reserve, Fed, won’t, Nasdaq Locations: Key Biscayne, Fla, Los Angeles

☆ Now Is the Time to Lock In CD Rates, Experts Say
▼ + stars: | 2023-04-20 | by ( ) www.wsj.com time to read: +5 min

But with lower interest rates on the horizon, savers don’t have much time to make up their minds. “If you wait and interest rates come back down, those rates on CDs would also come down,” says financial advisor Ed Cofrancesco, in Orlando, Fla.CD rates are up—for nowFor years, CD rates languished at paltry levels. That’s because bonds’ market value traditionally rises as interest rates fall. But if the Fed does cut rates later this year, you will likely have to reinvest your cash at a lower rate. In another scenario, a recession could send inflation and interest rates plummeting, making those who bought three-year CDs seem like geniuses.

In a note to employees, CEO Satya Nadella attempted to address the divergent outlook for different parts of the business. Nadella said the layoffs, affecting less than 5% of Microsoft's workforce, would conclude by the end of March, with notifications beginning Wednesday. Along with Amazon, Facebook parent Meta Platforms Inc (META.O) announced cuts of 11,000 jobs, while cloud-based software company Salesforce Inc (CRM.N) said it would cut 10% of its 80,000-member workforce. Under U.S. law, most employers are required to report staff cuts affecting 50 or more workers at a single location. But growth dropped to 35% in the first fiscal quarter of 2023, and the company projects more declines to come.

☆ 'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend
▼ + stars: | 2022-11-22 | by ( David Randall | ) www.reuters.com time to read: +5 min

NEW YORK, Nov 22 (Reuters) - Can Walt Disney Co (DIS.N) bank on another hit sequel? That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to replace Bob Chapek. During his first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp (CMCSA.O) and the broader stock market, and in total in that period the stock rose more than 400%. Yet there are reasons to think that Disney may have made the right decision in bringing back Iger, Bingham said. “I think this is a game-changer," said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, about Disney.

☆ Earnings have been mostly good. Just avoid the tech wreck
▼ + stars: | 2022-10-26 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +4 min

Corporate earnings have actually been, to quote "Curb Your Enthusiasm's" Larry David, pretty, pretty good. The Dow was up more than 300 points, or 1%, while the S&P 500 gained 0.6%. what used to be dubbed FAANG stocks before name and ticker changes) make up a big chunk of the weighting of the S&P 500. Nearly three-quarters of the S&P 500 companies that have reported earnings so far have topped forecasts. So the weaker earnings are more a function of higher costs as opposed to a significant slowdown in sales.

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