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A majority of respondents — 61% — in the latest CNBC Delivering Alpha Stock Survey believe the broader market has run too far, too fast heading into the second quarter and a pullback is near. The S & P 500 is up more than 9% in the first quarter, which would be its best start to a year since 2019. When it comes to investing domestically 26% said the Nasdaq 100 was the best place to be compared to 13% from the S & P 500. That stock is up 245% in a year and 120% in six months far outpacing every other stock in the S & P 500 except for Super Micro Computer . The rest think we're more likely to be in the 5%-to-10% range for an annual return for the S & P in the next decade.

Persons: Jerome Powell, mangers, they'd Organizations: CNBC, Alpha Stock Survey, Federal Reserve, Nasdaq, bitcoin, Investors, Nvidia, Micro Locations: Japan, United Kingdom, Europe, Canada, South Korea, United States, China

☆ Family offices are going on the offensive, trading cash for alternative assets
▼ + stars: | 2024-02-16 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

KKR's family office survey of 75 chief investment officers around the world found that family offices had 52% of their portfolios invested in alternative investments in 2023, up from 42% in 2022. Family offices also have a special advantage in the current market, since banks and more traditional lenders are pulling back on loans to companies. Family offices plan to continue to move capital from cash and stocks into alternatives this year, according to the survey. The report said family offices are concentrating on data centers, logistics and warehouses "that capture the important post-pandemic investment themes." Another sector family offices like right now: oil and gas, in both private and public markets.

Persons: Robert Frank Organizations: KKR, CNBC PRO

☆ Bond yields will come down from their fever pitch in 2024. How to prepare your portfolio
▼ + stars: | 2023-12-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Expect to work a little harder for those fixed income returns in the new year. As a result, it may be time to start unwinding those big cash positions and adopt a longer-term mentality for fixed income investments. A runup in bond yields is accompanied by a decline in prices, and the two move inversely to one another. The sector "remains well positioned to maintain its high credit quality, driven by solid state credit quality and strong state financial support, despite soft enrollment trends," analyst Kathleen McNamara wrote last week. Consider dollar cost averaging into those longer-dated positions, incrementally building up exposure to intermediate duration bonds.

Persons: Jerome Powell, it's, Kathy Jones, Shannon Saccocia, Jones, Nicholos Venditti, Kathleen McNamara, Schwab's Jones, Barry McAlinden, Michael Bloom Organizations: Schwab Center, Financial Research, Bond, SEC, Muni Bond ETF, Allspring Global Investments, UBS

Oct 16 (Reuters) - Nelson Peltz's activist hedge fund Trian Fund Management has built a stake in Allstate Corp (ALL.N), one of the insurers struggling to cope with the fallout of natural disasters such as the Maui wildfire in Hawaii, people familiar with the matter said. It has blamed natural disasters that are sometimes amplified by climate change for its poor performance. Allstate has hired investment bankers to advise it on how to handle Trian, the sources said. Allstate and Trian did not immediately respond to requests for comment. Trian has previously pushed for change at companies such as Procter & Gamble (PG.N), Unilever (ULVR.L) and Invesco (IVZ.N).

Persons: Nelson, Tom Wilson, Carl Icahn, Matthew, Walt Disney, Bob Iger's, Trian, Svea Herbst, Bayliss, David French, Greg Roumeliotis, Rod Nickel Organizations: Management, Allstate Corp, Allstate, Trian, Insurance, Walt, Procter, Gamble, Unilever, Svea, Thomson Locations: Hawaii, Northbrook , Illinois, New York

☆ Morgan Stanley says these global stocks will soar on the $150 billion generative AI boom
▼ + stars: | 2023-10-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

The bank's top picks for "best positioned" stocks include German software and solutions provider SAP and French software developer Dassault Systèmes . SAPA-FF YTD mountain Year-to-date performance of shares in SAP On SAP, Morgan Stanley's analysts said the company is likely to "benefit from price increases in 2023" as well as better product integration which will enable "strong cross-selling." DSY-FR YTD mountain Year-to-date performance of shares in Dassault Systemes Meanwhile, they like Dassault Systèmes for its "highly recurring software business models with growth." Elsewhere, Morgan Stanley says the likes of Microsoft , Adobe and Nvidia make good plays of the AI trend. So far, the bank said that generative AI "remains in the early stages of the opportunity," based on data collected from recent funding activity and interviews with chief investment officers.

Persons: Morgan Stanley, Adam Wood, Morgan, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Dassault, SAP —, Dassault Systèmes, SAPA, SAP, Microsoft, Adobe, Nvidia Locations: U.S, Europe

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, September 26, 2023. Brendan McDermid | ReutersA majority of Wall Street investors haven't taken solace in stocks' 2023 gains, thinking the market could retreat further as risk of a recession creeps up, according to the new CNBC Delivering Alpha investor survey. Zoom In Icon Arrows pointing outwardsMore than 60% of respondents believe the stock market's gain this year has just been a bear market bounce, seeing more trouble ahead. A total of 39% of investors believe we are already in a new bull market. The market also contended with a rally in crude oil as well as a 10-week winning streak for the dollar.

Persons: Brendan McDermid, Stocks Organizations: New York Stock Exchange, Reuters, Wall Street, CNBC Delivering Alpha, CNBC, Federal Reserve Locations: New York City

Most Wall Street investors believe the best way to take advantage of the artificial intelligence boom is to buy Big Tech stocks, according to the new CNBC Delivering Alpha investor survey. Forty-seven percent of respondents said big-cap tech companies are the best way to invest in AI, while 37% believe there's too much hype around the space. The chipmaker has been at the center of an AI craze on Wall Street. Investors piled into the AI enabler after the company recently made a shockingly strong forecast of future demand. Alphabet's AI capabilities and ambition attracted buying from big investors recently, including Stanley Druckenmiller 's Duquesne Family Office, Dan Loeb's Third Point and Bill Ackman's Pershing Square Capital Management.

Persons: Buzzy chatbot ChatGPT, Stanley Druckenmiller, Dan Loeb's, Bill Ackman's Organizations: Big Tech, CNBC Delivering Alpha, CNBC, Nasdaq, Microsoft, Google, Duquesne Family Office, Bill Ackman's Pershing, Capital Management

Source: NYSEThe majority of Wall Street investors believe stocks have entered a new bull market and the U.S. economy will skirt a recession in 2023, according to the new CNBC Delivering Alpha investor survey. Zoom In Icon Arrows pointing outwardsSixty-one percent of respondents believe the market has entered a new bull run, while 39% think this is a bear market rally. Technically speaking, some have already declared a brand new bull market after the S&P 500 met the most simplistic standard by closing up 20% from its October bear market low. However, many investors do not consider it the end of a bear market until the S&P 500 reaches a new high. The S&P 500 is about to end the first half with flying colors, up nearly 15% after four straight winning months in a row.

Persons: Carol Schleif, Jason Draho Organizations: NYSE, Wall, CNBC Delivering Alpha, CNBC, BMO Family Office, UBS Global Wealth Management Locations: U.S

☆ A war between 2 billionaire hedge-fund founders spilled out into the open in an alarming filing
▼ + stars: | 2023-06-20 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

John Overdeck and David Siegel created hedge-fund giant Two Sigma, amassing billions in wealth. Here's the relevant section of the filing:There have been a variety of management and governance challenges at the Adviser. These disagreements can affect the Adviser's ability to retain or attract employees (including very senior employees) and could continue to impact the ability of employees to fully implement key research, engineering, or corporate business initiatives. Nor can it agree on the org chart, the management structure, corporate governance, or succession plans. These disagreements might hurt Two Sigma's ability to retain and attract star employees, and those employees' ability to actually implement research, tech, or business initiatives.

Persons: John Overdeck, David Siegel, Juliet Chung, Gregory Zuckerman, Chung, Zuckerman, Jamie Nash, Kleinberg Kaplan, I've Organizations: Sigma, Bloomberg, Wall Street, Management, Management Committee, Chief Investment Officers

☆ The US government just declared war on crypto
▼ + stars: | 2023-06-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In less than 24 hours, the SEC filed lawsuits against some of the biggest players in crypto. First came Binance, the world's largest crypto exchange, and its outspoken CEO and founder Changpeng Zhao. The SEC drew a line in the sand for the entire crypto ecosystem: It's our way or the highway. Too many things that make crypto special — anonymity, decentralization — are exactly the type of things financial regulators hate. Here are two experts both issuing warnings about the stock market.

Persons: Dan DeFrancesco, we've, Al Pacino, Michael Corleone, Changpeng Zhao, bitcoin, it's, Gary Gensler, Goldman Sachs, Gensler, FTX's Sam Bankman, Fried, Binance, Kim Kardashian, Mike Coppola, Kim K, It's, Hafize Gaye Erkan, she's, Serta Simmons, LIV Golf, Michael Klein, Jeffrey Cane, Nathan Rennolds Organizations: Paramount, SEC, Netflix, Getty, SKKY Partners, First, Goldman, Party, PGA, LIV, LinkedIn Locations: outflows, First Republic, Republic, California, New York, London

☆ $70 billion Los Angeles retirement plan says higher rates may 'change everything' and portfolio moves are coming
▼ + stars: | 2023-04-19 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

A year into the most significant period of Federal Reserve rate hikes in decades, you might think investors had already cemented their investment portfolio strategies for a higher interest rate world. According to LACERA's 2022 annual report, its investments were split between roughly $24 billion in public equities, $19 billion in bonds, $13 billion in private equity, $6 billion in real estate, $4 billion in hedge funds and $1 billion in real assets. Last year was the first in the prior three fiscal years that the pension fund's investment portfolio lost money. By contrast, investment returns of 25.2% in 2021 were far ahead of the 7% percent, which LACERA attributed to the strong performance from global equity and private equity assets. A shift to more fixed income among top investors will flow through to the "whole economy," Grabel said.

☆ Play defense with these fortress stocks in the second quarter
▼ + stars: | 2023-04-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.

☆ Rich families skimp when it comes to cybersecurity, and it can cost them millions
▼ + stars: | 2023-04-01 | by ( Paige Hagy | Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

More than one-third of North American family offices experienced at least one cyberattack in the past 12 months in 2022, per Campden. It comes down to three problems, said Bobby Stover, who leads family office and enterprise services at Ernst & Young. When it comes to cybersecurity, family office principals are cheap, uneducated, and "don't want to deal with it," he told Insider. They cost anywhere from $25,000 to $65,000, and family offices often struggle to understand the benefit, according to Stover. One survey found an incident that cost a family office more than $10 million.

The majority of Wall Street investors now favor stocks that pay big dividends for a relatively stable source of income, according to the new CNBC Delivering Alpha investor survey. We polled about 400 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the markets for the second quarter and forward. Asked which area to concentrate on to start the second quarter, 34% of respondents said high dividend stocks. Stocks with high dividend payouts can provide a reliable stream of income during times of uncertainty. Some of the most popular exchange-traded funds that focus on high dividend stocks include the Vanguard Dividend Appreciation ETF , the Vanguard High Dividend Yield ETF and the Schwab U.S. Dividend Equity ETF .

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 28, 2023. Brendan McDermid | ReutersWall Street investors believe the stock market is headed for losses after a positive first quarter, seeing cash as the best safe haven right now, according to the new CNBC Delivering Alpha investor survey. Zoom In Icon Arrows pointing outwardsThe Fed enacted a quarter percentage point interest rate increase last week, while signaling one more rate hike coming this year. Many investors believe the central bank should reverse course immediately as more rate hikes will exacerbate banking problems and cause a severe economic slowdown. With an overall bearish view on the market, 60% of the investors said cash is their safe haven right now.

☆ Job cuts, a sole CEO, and AI bets: How Bridgewater is shaking itself up after the Ray Dalio era
▼ + stars: | 2023-03-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

The firm's CEO, Nir Bar Dea, said in a memo that it would lay off employees and restructure. Bar Dea had been a rising star at Bridgewater, which has transitioned leadership in recent years. Former co-CEO Mark Bertolini is also stepping out of the role and returning to Bridgewater's board as an independent director, leaving Bar Dea as sole CEO. "Over time, we expect this platform to produce the next round of growth in the business," Bar Dea wrote. 'Finding a home'As far as high finance executives go, Bar Dea has an unexpected background.

☆ HBCU students diversify alternative investing with the help of Wall Street’s biggest firms
▼ + stars: | 2023-02-17 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +1 min

The AltFinance Fellowship is the brainchild of top alternative investment firms Ares Management, Apollo Global Management and Oaktree Capital Management. Selected students will also receive a scholarship of up to $10,000 if they're sophomores, while juniors and seniors can receive up to $15,000. Partnering schools include Clark Atlanta University, Howard University, Morehouse College and Spelman College. The private equity, private credit and commercial real estate industry has about $10 trillion in assets under management, according to data provider Preqin. "This is not a charitable activity," Howard Marks, co-chairman of Oaktree Capital Management, told CNBC.

We're initiating a position in Palo Alto Networks (PANW), buying 125 shares at roughly $175 each. PANW 1Y mountain Palo Alto Networks (PANW) 1-year performance We're starting a position in Palo Alto Networks because of its leadership in cybersecurity. Thanks to management's push for profitability, Palo Alto Networks has delivered two consecutive quarters of GAAP (generally accepted accounting principles) profitability. Sakorn Sukkasemsakorn | Istock | Getty ImagesWe're initiating a position in Palo Alto Networks (PANW), buying 125 shares at roughly $175 each. Stock Chart Icon Stock chart icon Palo Alto Networks (PANW) 1-year performance

☆ Ray Dalio says cash is more attractive than stocks and bonds on the back of rising rates
▼ + stars: | 2023-02-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio renewed his belief that cash makes an attractive investment, saying it's become more appealing than stocks and bonds amid rising rates. Cash is pretty attractive now," Dalio said on CNBC's " Squawk Box " Thursday. "Real interest rates went from minus 175 basis points to plus 175 basis points, right? The widely followed investor said that higher rates particularly hurt growth-oriented stocks that need to borrow in order to expand. So you're seeing it reflected in not only the long duration stocks," Dalio said.

☆ Buy these 10 top tech stocks before the sector rises 20% this year by cutting costs and crushing low expectations, according to Wedbush
▼ + stars: | 2023-01-06 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Technology analyst Dan Ives of Wedbush Securities is still bullish on the tech sector in 2023. Here are Ives' favorite 10 tech stocks to own right now. But instead of unloading tech stocks, Ives believes that now is the time to pounce. Lower costs and resilient revenue will help tech companies top a relatively low bar for estimates, Ives wrote. 10 top tech stocks to buy in 2023While Ives is bullish on tech broadly, he sees some industries within the sector as especially enticing.

Source: NYSE(Click here to subscribe to the new Delivering Alpha newsletter.) Despite this year's market havoc, investors are feeling fairly optimistic going into 2023, according to a new CNBC Delivering Alpha investor survey. Notably, when asked about their biggest concern for the market, an overwhelming 73% of the participating money managers said it was Fed policy. Zoom In Icon Arrows pointing outwards CNBC Delivering Alpha investor surveyComing in second place was a Chinese invasion of Taiwan. Inflation and the investing environmentAbout four out of five participating money managers predict that inflation will continue to ease in the new year.

Once high-flying mega-cap technology stocks tumbled in 2022, but some investors are willing to bet on Amazon and Alphabet in 2023, a new Delivering Alpha investor survey suggests. Betting on energy Energy stocks rallied in 2022 as the world grappled with supply constraints fueled by the conflict in Ukraine, but some investors aren't giving up on it just yet. When asked which areas they plan to focus on at the beginning of 2023, 41% of respondents highlighted energy stocks. Fundstrat's Tom Lee told CNBC last month that energy stocks can more than double next year even if the market stays flat . As uncertainty lingers, survey respondents also said they plan to look beyond the U.S. in 2023 toward opportunities in emerging markets.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Meet the 20 private-credit power players shaping the $1.2 trillion asset class as it faces uncharted waters
▼ + stars: | 2022-12-16 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +2 min

The expansion of private credit underscores the growing influence of the market's dealmakers. Insider has pinpointed influential private-credit executives and top dealmakers to watch. Private-credit markets, overall, have fared better than their public counterparts this year. Some of these top officials run investment vehicles known as business-development companies, which often invest in private companies' debt and have grown common across the credit-investing ecosystem. Insider has pinpointed influential private-credit executives and top dealmakers to watch.

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