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☆ Here are value investor David Einhorn's latest moves: Gold, Peloton and agriculture
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

David Einhorn's Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during the latest quarter. Einhorn also increased his holding in Peloton by roughly 40%, bringing his stake in the company to about $45 million. That led him to buy medium-sized stakes in a few value companies and take a larger position in gold. Einhorn added 3.1% to his holding in SPDR Gold Trust in the most recent quarter, bringing it to $51 million.

Persons: David Einhorn's, Einhorn Organizations: Interactive, CNBC, CNBC's, Alpha, Robin Hood Investors Conference, Cornell, Trust, Capri Holdings, Penn Entertainment, HP, Roivant Sciences, Packaging, Tenet Healthcare Locations: CNH, Holland, New York City, Capri

☆ Stocks making the biggest moves midday: Tapestry, Capri, Disney and more
▼ + stars: | 2024-11-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Disney — The media stock popped 6% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their planned merger , citing regulatory hurdles. Cisco Systems — The cybersecurity stock fell 2.1%. Ibotta said it expects fourth-quarter revenue to range between $100 million and $106 million, versus a FactSet estimate of $110.3 million. CNH Industrial — Shares rose more than 6% after Greenlight Capital's David Einhorn revealed at CNBC's Delivering Alpha conference that he took a medium-sized position in the agricultural equipment company.

Persons: Charles Schwab —, Charles Schwab, Ancora, Campbell, Piper Sandler, Ibotta, Greenlight Capital's David Einhorn, —, Jesse Pound, Pia Singh, Alex Harring, Hakyung Kim, Sean Conlon Organizations: Disney, Amazon, ASML, Cisco Systems, Wall, Revenue, Norfolk Southern, American Airlines —, Barclays, Alpha, Advance Locations: Capri

☆ Investor overseeing $1 trillion at Nuveen names her No. 1 idea right now
▼ + stars: | 2024-11-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking for opportunities in this elevated market may want to take a look at U.S. small caps, according to Nuveen's Saira Malik. "That's why we're looking at areas that are cheap — small caps trading at that big discount. Malik views small caps as one of the most attractive areas amid a broad rally that's boosted the major indexes and valuations to new highs. "Deregulation is going to make the world an interesting place, because it could open up more M & A activity, which, again, positive for small caps trading at that deep discount to their counterparts," Malik said. The iShares Russell 2000 ETF (IWM) , which tracks the Russell 2000, is up 8% this month.

Persons: Nuveen's Saira Malik, Smalls, Donald Trump's, Kamala Harris, Russell, Trump's, Malik, Nuveen, bode, Trump Organizations: CNBC's Delivering Alpha Conference Locations: U.S

☆ 4 stocks that a trio of the world's best money managers are placing massive bets on — plus 4 investing philosophies and strategies that fuel their success
▼ + stars: | 2023-10-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Have a concentrated portfolioHaving a concentrated portfolio means investing in a relatively small number of stocks as opposed to a larger number for the sake of diversity. Buy quality stocksSucceeding with a concentrated portfolio relies on one thing: buying quality stocks. A quality stock is a company that's able to consistently post profits and returns on capital. Apple and Alphabet would be considered consensus quality stocks, and Munger is well known for his fondness of shares of Coca-Cola, another stock traditionally classified as quality. Buy stocks with good management teamsOne element of a company that makes it "quality" is its management team.

Persons: Charlie Munger, Bill Ackman, Michael Baron —, We've, Baron, Ackman, Ron Baron, Warren Buffett, Munger, he's, they've, They've Organizations: CNBC's, Alpha, Pershing Square Holdings, Universal Music, Morningstar, Partners Fund, Nasdaq, Berkshire Hathaway, Apple, Coca Locations: Munger, Ackman, Berkshire

☆ Harvard has become the poster child for American culture wars in the 11 days since Hamas' terrorist attack on Israel. Here's what's happened.
▼ + stars: | 2023-10-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +15 min

Harvard University has become a flashpoint in the intergenerational divide on the Israel-Hamas war. AdvertisementAdvertisementIn the 11 days since Palestinian militant group Hamas launched its terrorist attack on Israel, Harvard University has become a flashpoint for intergenerational tensions about the war — and the broader culture war around campus free speech. Hamas launches terrorist attacks on IsraelPalestinian militant group Hamas launched a series of terrorist attacks on Israel on October 7, with Israel retaliating. AdvertisementAdvertisement"These hateful Harvard students are the future leaders of our society," Rep. Ritchie Torres of New York wrote on X. Some student groups backtrackSome student groups that co-signed the original statement have since withdrawn their signatures.

Persons: Israel, —, Israel retaliating, Bill Ross, Ian Bremmer, Bremmer, Larry Summers, Tom Williams, Summers, Seth Moulton of, Moulton, Republican Sen, Ted Cruz, Rep, Ritchie Torres, Harvard Hillel, Bill Ackman, @harvard, Meredith Weenick, Weenick, Idan Ofer, Batia, Les Wexner, Ackman, Joe McCarthy, Claudine Gay, Craig F, Walker, Gay, Harvard Crimson, Israel's, Joseph Prezioso, Elise Stefanik, Win McNamee, Marc Rowan, Jon Huntsman Jr, Elizabeth Magill, Davis Polk, Wardwell, Winston, Strawn Organizations: Harvard University, Service, Hamas, Harvard, Republicans, Israel Palestinian, UN, Gaza's Hamas, Harvard Palestine Solidarity Groups, Harvard Undergraduate Palestine Solidarity Committee, Inc, Getty, Republican, New York, Palestine, Alpha, CNBC, Harvard Crimson, Conservative, Media, Harvard University Police Department, Quantum, Group, Harvard's Kennedy School of Government, CNN, Wexner Foundation, Bloomberg, Boston Globe, Nepali Student Association, Harvard Undergraduate Palestine Solidarity, Harvard Yard, New York Republican, New, Apollo Global Management, University of Pennsylvania, Huntsman, University, Columbia University, New York University, NYU Student Bar Association Locations: Israel, Gaza, Seth Moulton of Massachusetts, Ted Cruz of Texas, Harvard's, Harvard, Cambridge , Massachusetts, AFP, New York, Utah, Columbia

☆ BlackRock bond chief Rick Rieder manages $2.4 trillion. He shares 5 trades he's most bullish on right now — and 3 criteria that need to be met for him to start buying 10-year Treasurys.
▼ + stars: | 2023-10-02 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Exchange-traded funds like the Vanguard Short-Term Treasury ETF (VGSH) and the SPDR Portfolio Short Term Treasury ETF (SPTS) also offer exposure. One way to gain exposure to the assets is through funds like the Schwab 5-10 Year Corporate Bond ETF (SCHI) or the iShares Euro Investment Grade Corporate Bond Index Fund (IE). Finally, Rieder said he likes corporate paper, which are essentially short-term bonds issued by corporations. I know what my return is going to be a year ahead — it's going to be 6.5% for single-A issuers. The BlackRock Ultra Short-Term Bond ETF (ICSH) and the Vanguard Short-Term Corporate Bond Index Fund (VCSH) offer exposure to corporate paper.

Persons: Rick Rieder isn't, Rieder, — it's Organizations: CNBC's, Alpha, Bureau of Labor Statistics, of Labor, Exchange, Treasury, Corporate, Index, BlackRock, Bond Locations: BlackRock, New York, Europe, United States

☆ CNBC Daily Open: Long-term prospects look dim
▼ + stars: | 2023-09-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineA smattering of positive developments helped investor sentiment yesterday. According to the latest survey by the American Association of Individual Investors, which measures retail investors' sentiment for stocks over the next six months, overall bearishness climbed from 34.6% last week to 40.9%. — CNBC's Scott Schnipper contributed to this report Correction: An earlier version of this report misspelled Rick Rieder's name.

Persons: Michael Nagle, Treasurys, yield's, it's, —, Brent, — CNBC's Scott Schnipper, Rick Rieder's Organizations: New York Stock Exchange, Bloomberg, Getty, CNBC, . West Texas, Dow Jones, Nasdaq, AMD, American Association of, Alpha, Treasury, Federal Reserve Locations: New York

☆ Top money managers are warning of pain ahead for the US economy. Here are 6 areas where they're investing right now to prepare.
▼ + stars: | 2023-09-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

"There is a subset that simply cannot do that," she said of paying down credit card debt going forward as rates rise. "In those tails and subsets I think you're going to have really unusual delinquencies, and just horrible recovery rates." You're going to see defaults increase." Delaney also emphasized being defensive, and said he likes corporate bonds, but those with floating rates, meaning they move with the market rate. The iShares 10-20 Year Treasury Bond ETF (TLH) is one way to gain exposure to long-term government bonds.

Persons: Dawn Fitzpatrick, Katie Koch, haven't, it's, Mark Delaney, Suni Harford, I'd, Brad Gerstner, Jerome Powell, Volcker, Koch, —, We're, Rick Rieder, he's, Delaney, Fitzpatrick Organizations: CNBC's, Alpha, Federal Reserve, Soros Fund Management, TCW, UBS, Management, BlackRock, JPMorgan, Corporate, Treasury Bond ETF, Vanguard Energy, DB Oil Fund Locations: Europe, Saudi Arabia

☆ BlackRock's Rieder thinks investors should believe the Fed that it's going to hike again
▼ + stars: | 2023-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

"You've got to take them at their word that they want to get another 25" basis points, said the asset management giant's CIO of global fixed income. BlackRock fixed income chief Rick Rieder thinks the Federal Reserve can stop raising interest rates, though it probably won't. The fed funds rate, used as a benchmark for many forms of short-term debt, currently is targeted in a range between 5.25%-5.50%. "I love commercial paper," Rieder said. Rieder said he expects the Fed to start cutting at some point, but probably not until the latter half of 2024.

Persons: You've, you've, Rieder, Rick Rieder, Rebecca Patterson, Ray Organizations: Alpha, BlackRock, Economic Education, Delivering Alpha, Council for Economic Education, Bridgewater Associates, AA, Fed Locations: BlackRock

☆ This is one of the most resilient real estate areas, according to the world's largest commercial property owner
▼ + stars: | 2023-09-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide. She highlighted last year's acquisition of student housing provider American Campus Communities as one way Blackstone can work with universities to increase supply amid shortages. The company, she added, also focuses on rental housing because it shows a "great deal of resiliency." But student housing issues aren't solely a U.S. problem, and Blackstone has made investments in Australia, Canada and the U.K. as students seek English-language degrees, McCarthy said. Along with student housing, McCarthy also highlighted datacenters and logistics as other key conviction real estate areas as artificial intelligence booms and consumers do more online shopping.

Persons: Blackstone, Kathleen McCarthy, Blackstone's, McCarthy Organizations: Alpha, Communities, Blackstone Real Estate Partners Locations: U.S, Australia, Canada

☆ Josh Brown says AI bubble popping is the biggest risk to this market
▼ + stars: | 2023-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Artificial intelligence is a huge variable in the market heading into the end of the year, said Josh Brown, CEO of Ritholtz Wealth Management. "I think AI is the biggest risk to the market," he said in a PRO Talks interview with Mike Santoli on the sidelines of CNBC's Delivering Alpha conference. Nvidia seeing more double-ordering than anticipated is another example Brown pointed to. Brown noted the positive role the technology has played in improving market sentiment this year. "AI saved the stock market this year, at an index level," Brown said.

Persons: Josh Brown, Mike Santoli, Brown Organizations: Ritholtz Wealth Management, CNBC's, Alpha, Nvidia, Nasdaq, Microsoft, Wall

☆ It's the bond market's time to shine
▼ + stars: | 2022-11-06 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Bond yields are at their highest levels in years. The result has been nothing but pain for stock and bond prices since the start of the year. Another reason is because in a recessionary environment, bond prices typically rise as investors pile into safe-haven assets like Treasurys. "Bond investors are facing a unique win-win scenario right now," Saperstein said in an October memo. He continued: "If inflation and rates continue to rise, bond prices will decline but unrealized price losses can be meaningfully offset by locked-in 4-6% income returns.

☆ China's alarming decline could tank the stock market, take down the global economy, and spark a dangerous showdown with the US
▼ + stars: | 2022-10-30 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

In the Western capitals and boardrooms, it appears the horror of Beijing's transformation has finally settled in, and the lure of China's economic future is fading. Economic dangerIf you want a clue to just how far China's economy has fallen, look no further than Beijing's attempts to hide information about the country's growth. Beyond the short-term signs of trouble, there are more enduring signs pointing to China's economic distress. That's a big if, and even if Beijing is successful, the slow-moving blob of debt will choke off economic growth for years to come. Xi has tightened his grip on China's economy and government from education to public health.

☆ 'Deer in the headlights': Young bankers on Wall Street have had it easy for years — but they're about to face a bloodbath
▼ + stars: | 2022-10-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +8 min

If you can spare compassion for anyone on Wall Street during these volatile times, please consider the youth. That also meant bankers on Wall Street got fat off the huge fees that came with advising these companies or taking them public. Wall Street is an apprenticeship system; young bankers learn by watching senior bankers do things and by doing all the time-consuming grunt work senior bankers don't want to do. Many of the rules that young Wall Street just learned about how the markets react to events have to be thrown out the window. In the crowd at the conference that day were a bunch of young Wall Streeters who had been invited to attend as a learning experience.

☆ There's an ESG backlash inside the executive ranks at top corporations
▼ + stars: | 2022-09-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Only 25% of CFOs surveyed by CNBC support the SEC's climate disclosure proposal, according to the survey. More than half (55%) of CFOs are opposed to the SEC climate rule, and 35% say they "strongly oppose" it. Proving climate materialityA critical issue for CFOs with the new SEC climate disclosure is the lack of a clear correlation between the climate data and financial statements. The first task for CFOs on climate disclosure, Clayton says, is to be candid with investors and stakeholders about this disconnect. "We are not blanket defenders of ESG," said Martin Whittaker, founding CEO of ESG research nonprofit Just Capital, which releases an influential ranking of top companies on ESG annually.

☆ It's the easiest time in the world to find 'alpha', says JPMorgan's Mary Erdoes
▼ + stars: | 2022-09-28 | 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's the easiest time in the world to find 'alpha', says JPMorgan's Mary ErdoesMary Callahan Erdoes, JPMorgan Asset & Wealth Management CEO, speaks during CNBC's Delivering Alpha conference about investing opportunities amid fast-moving shifts in financial markets and macro economic conditions.

☆ Watch live: Virginia Gov. Glenn Youngkin interviewed at CNBC's Delivering Alpha conference
▼ + stars: | 2022-09-28 | by ( Emma Kinery | ) www.cnbc.com time to read: 1 min

Virginia Republican Gov. Glenn Youngkin sits down with CNBC Senior Congressional Correspondent Ylan Mui at CNBC's Delivering Alpha conference Wednesday. Youngkin previously was the co-chief executive officer of The Carlyle Group, one of the world's most influential private equity firms, where he worked for 25 years before retiring. As governor, Youngkin has declared Virginia "open for business" and sought to attract companies to the state, but has also faced backlash for his controversial culture-war stances. Virginia is ranked third in CNBC's America's Top States for Business in 2022 after holding the top spot for the previous two consecutive years.

☆ ESG without returns is 'simply not sustainable,' says investor Lauren Taylor Wolfe
▼ + stars: | 2022-09-28 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

But for Impactive Capital co-founder and managing partner Lauren Taylor Wolfe, it all comes back to financial performance. "We believe that ESG without returns is simply not sustainable," she said Wednesday at CNBC's Delivering Alpha conference. Even if returns aren't the sole focus of an investment vehicle, sustainable investing can still generate alpha for investors. When it comes to applying an ESG lens to public market investing, Impactive Capital's Taylor Wolfe said investors need to be creative around how ESG is used to drive returns. She added that the recent market turmoil could spark a reset of sorts within the sustainable investing landscape.

☆ Stanley Druckenmiller says he'd be 'stunned' if recession doesn't happen in 2023
▼ + stars: | 2022-09-28 | 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 EmailStanley Druckenmiller says he'd be 'stunned' if recession doesn't happen in 2023Stanley Druckenmiller, Duquesne Family Office founder, speaks from CNBC's Delivering Alpha conference about his macro economic outlook and what a looming recession in 2023 means for investors.

☆ Pimco's Ivascyn sees a mild recession ahead and several investing opportunities
▼ + stars: | 2022-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The U.S. is likely headed toward a recession but there's a chance for the downturn to be comparatively mild due to strong underlying fundamentals, according to Pimco bond expert Dan Ivascyn. While he said he still sees a retrenchment coming, he expects strength from consumer and business balance sheets to offset the damage. Our thinking is that it will potentially be a fairly mild recession," Ivascyn told CNBC's Leslie Picker. "One of the reasons why we feel that way is that initial conditions, you know, look look pretty good as the consumer balance sheet [is] quite strong, corporate balance sheets in most areas of the credit markets are quite strong." "All areas that tend to be weak links in recessionary environments have pretty strong fundamentals," he added.

☆ Short-seller Carson Block calls out ESG investing, says many companies are 'money grabs'
▼ + stars: | 2022-09-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Many popular companies dominating the ESG investing space are taking advantage of the U.S. government and investors, according to Carson Block, founder of Muddy Waters Research. "I would like to save the world," the famed short-seller said during an interview with "Squawk Box" outside CNBC's Delivering Alpha conference on Wednesday. ESG, or environmental, social and governance investing, incorporates a slew of non-financial factors potential shareholders utilize when looking to invest in companies. It's risen in popularity amid a drive toward green investing with companies like BlackRock hopping on the trend while also drawing its fair share of criticism. Block said a slew of companies he's shorted — including XL Fleet , Danimer Scientific and solar stock Sunrun — are "grifting in their own way" and misleading investors.

☆ Jim Chanos says this is the biggest investing story that no one is talking about
▼ + stars: | 2022-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Beneath all the clamor over Russia's invasion of Ukraine and the efforts to tamp down inflation, investors are largely passing over a huge story in China, famed short-seller Jim Chanos said Wednesday. Troubles in the Chinese real estate market are a distant third to the war and rate hikes targeted at containing inflation. The nation faces a deepening crisis caused by multiple factors, resulting in the worst plunge in home sales since China started allowing private property sales in the late 1990s. Evergrande, China's second-largest property developer, has come under scrutiny for its financial dealings and defaulted on dollar-denominated bonds, making it a symbol of the China real estate bubble. "You have to understand that like Tokyo... almost every large company in China has a real estate development arm.

☆ Investors 'can't ignore China' even with rising geopolitical risk, pension fund managers say
▼ + stars: | 2022-09-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

That war has in turn raised concerns about China's tense relationship with Taiwan, and what impact sanctions on China could have on global markets. I think you cannot ignore China." "Corporations cannot ignore China, investors cannot ignore China, because if you want to ignore China, you also are going to ignore all the partners that China has." "China right now is 20% of global GDP, probably going to 25% of global GDP by 2035. And as Anastasia mentions, you can't ignore China if you're trying to understand global growth and you're trying to understand global markets," Cass said.

☆ Don't bet that the bottom is in for what were high-growth tech stocks, private equity investors say
▼ + stars: | 2022-09-28 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

But the washout may not have reached its end game yet, according to two top private equity investors. Investors need to be able to model long-term growth rates and profitability, and that could take a while, he added. Both private equity leaders see consolidation among tech companies as a precondition to going public in the future. There were too many companies in many of the new tech niches where investors backed public offerings in recent years, Ford says. "Make the right investment decisions to fund long-term growth," he said.

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