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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed has been anything but slow and steady: Ariel Investments’ Charles BobrinskoyCharles Bobrinskoy, vice chairman and head of the investment group at Ariel Investments, joins ‘The Exchange’ to discuss his take on the Fed's 50 bps rate cut, what it signals for the future, and more.
Persons: Charles Bobrinskoy Charles Bobrinskoy Organizations: Ariel Investments
Heading into a lower interest-rate environment, there is one stock that should be on investors' radar, according to Ariel Investments' Charles Bobrinskoy: Oracle. " AI is all about analyzing your data, and Oracle controls a lot of that data." While Bobrinskoy said Oracle used to be "way too cheap," it is currently "getting pretty close to fairly valued." Bobrinskoy now expects there to be a rotation into value stocks given the view that there is a lower risk of a recession. "Value stocks are very cheap," he continued.
Persons: Ariel, Charles Bobrinskoy, CNBC's, Bobrinskoy, BorgWarner, Stocks Organizations: Ariel Investments, Oracle, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'd feel better if the Fed was 'more aggressive' on rate cuts: Nationwide Mutual's Kathy BostjancicKathy Bostjancic, Nationwide Mutual chief economist, and Charles Bobrinskoy, Ariel Investments vice chairman, join 'The Exchange' to discuss the US markets and economy after key PPI reports come to light.
Persons: Kathy Bostjancic Kathy Bostjancic, Charles Bobrinskoy, Ariel Organizations: Nationwide Mutual
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll return to more 'normal profits' in small caps when rates lower, says Charles BobrinskoyCharles Bobrinskoy, Ariel Investments vice chairman, joins CNBC's 'The Exchange' to discuss opportunities outside of semis, whether the small cap trade will hold value in the long term, and the market impacts of a potential Trump-Vance administration.
Persons: Charles Bobrinskoy Charles Bobrinskoy, Ariel, Vance Organizations: Trump
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoney is getting tighter for working class consumers, says Ariel's Charles BobrinskoyCharles Bobrinskoy, Ariel Investments vice chairman, joins 'Closing Bell Overtime' to talk consumer trends and what he's seeing in earnings.
Persons: Ariel's Charles Bobrinskoy Charles Bobrinskoy, Ariel
The investing community lost one of its pillars Tuesday with the death of Berkshire Hathaway vice chair Charlie Munger, according to Ariel Investments' Charles Bobrinskoy. He was a "true master of investing," Bobrinskoy, the firm's vice chair, said on CNBC's "Closing Bell: Overtime" shortly after Munger passed away Tuesday. "He was a really important voice in value investing and all investing." He was right there with Warren Buffett throughout all of the great Berkshire Hathaway years," Bobrinskoy added. For more on Munger's life, see our full obituary of the investing legend.
Persons: Berkshire, Charlie Munger, Ariel, Charles Bobrinskoy, Munger, Warren Buffett, Bobrinskoy, Buffett Organizations: Berkshire Hathaway, Ariel Investments
Several investors mourned the passing of famed investor Charlie Munger, vice chairman of Warren Buffett's Berkshire Hathaway , on Tuesday. "So sad to hear the news of the passing of Charlie Munger," El-Erian wrote. Mario Gabelli, chairman and CEO of Connecticut-based GAMCO Investors, wrote on Twitter: "Charlie Munger ….a titan has passed …all will miss Charlie." "Charlie Munger helped build an American institution, and through his wisdom and insights, inspired a generation of leaders. "Charlie Munger was a brilliant attorney," Annandale Capital chairman George Seay said Tuesday evening on Yahoo Finance.
Persons: Charlie Munger, Warren Buffett's Berkshire Hathaway, Berkshire Hathaway, Buffett, Munger, Ariel Investments, Charles Bobrinskoy, Mohamed El, PIMCO, Erian, Mario Gabelli, Charlie Munger …, Charlie, Tim Cook, Cook, Stephanie Link, Hightower, Whitney Tilson, Tilson, George Seay, Wesley Chan, Chan, , Christina Cheddar Berk, Brian Evans, Alex Harring Organizations: Warren, Allianz, Twitter, Apple, Berkshire, Hightower Advisors, Berkshire Hathaway, CNBC, Yahoo Finance, Daily, Costco Locations: Munger, Connecticut, Berkshire, American, California, Annandale, FPV
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Manulife Investment's Frances Donald and Ariel Investments' Charlie BobrinskoyCharles Bobrinskoy, vice chairman and head of the investment group at Ariel Investments, and Frances Donald, Manulife Investment Management global chief economist, join 'The Exchange' to discuss consumer depletion of excess savings, geopolitical risks dampening the likelihood of further Fed rate hikes, and more.
Persons: Manulife Investment's Frances Donald, Ariel Investments, Charlie Bobrinskoy Charles Bobrinskoy, Frances Donald Organizations: Ariel Investments, Manulife Investment Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestor focus needs to be on where growth momentum is going forward, says Manulife's Frances DonaldCharles Bobrinskoy, vice chairman and head of the investment group at Ariel Investments, and Frances Donald, Manulife Investment Management global chief economist, join 'The Exchange' to discuss consumer depletion of excess savings, geopolitical risks dampening the likelihood of further Fed rate hikes, and more.
Persons: Manulife's Frances Donald Charles Bobrinskoy, Frances Donald Organizations: Ariel Investments, Manulife Investment Management
But how big will the ball be when it comes to its success and the impact on Las Vegas tourism? "If they can sell tickets for $100 during the day in Las Vegas, it could be a big success. The Las Vegas Sphere dressed as a jack-o'-lantern. Tickets for The Sphere Experience start at $90 each and go up to $250 for the best seats. For The Sphere Experience, there are three shows on most Mondays, Tuesdays, and Thursdays, with four on Sundays.
Persons: Darren Aronofsky, , Charles Bobrinskoy, Ariel Investments —, John Rogers, Bobrinskoy, Kevin Mazur, Taylor Swift Organizations: Las Vegas, Service, of, Ariel, Anadolu Agency, Getty, Bloomberg, Costco Locations: Las, Las Vegas
But only a few stocks — namely mega-cap tech — are responsible for most of the gains , according to analysts. Some analysts, however, believe some parts of the markets are still worth buying. Stock picks In fact, some analysts and portfolio managers recently named stocks that are still cheap, including some in the tech sector. "What's not cheap — our growth stocks and tech stocks and they've had a massive rally here … And those stocks are trading at multiples of in excess of 30 times earnings," he told CNBC's "Street Signs Asia" last week. Look at what's out of favor — value stocks, and particularly cyclical stocks."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Ariel Investments' Charles BobrinskoyCharles Bobrinskoy, vice chairman of Ariel Investments, joins 'The Exchange' to discuss potential May rate hikes, tightening on bank lending, and investment opportunities in cyclicals and consumer discretionary stocks.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market isn't cheap but cyclicals are very attractive, says Ariel Investments' Charles BobrinskoyCharles Bobrinskoy, vice chairman of Ariel Investments, joins 'The Exchange' to discuss potential May rate hikes, tightening on bank lending, and investment opportunities in cyclicals and consumer discretionary stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's analysis about an overheated labor market is false, says Ariel Investments' Charles BobrinskoyAriel Investments' Charles Bobrinskoy joins 'Closing Bell' to discuss cooling inflationary data, sectors poised to succeed in 2023 and the miscalculations of Fed policy.
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