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The Davenport Equity Opportunities Fund managers are unafraid to be different when it comes to finding high-quality investments to add to their fund. Beyond that, there's little restriction on the types of investments Pearson and Smith are looking at. Owner-operated businesses are a favorite for the fund managers, who prefer to find management that has skin in the game. AdvertisementFinally, the fund managers aren't afraid to hold onto their investments even if the market disagrees with their thesis. "Longer term, I think healthcare is an interesting place to invest just given the innovation, the stable demand, and the importance to society."
Persons: George Smith, Chris Pearson, Smith, who's, Pearson, we're, they're, Stocks, hasn't Organizations: Service, Business, The, The Davenport Equity, Fund, Opportunities Fund, Davenport Equity, Pearson, Nation Entertainment, Ticketmaster, Kinsale Capital Group, Clean Harbors Locations: The Davenport, Davenport, Kinsale, Richmond, Avantor
But behind the scenes, there are a host of companies that benefit from the cleanup and rebuilding that follows natural disasters. This year's Atlantic hurricane season is running above average compared to prior years, with 14 storms, four hurricanes and three major hurricanes so far. As climate change feeds extreme weather, the number of billion-dollar disasters also increases, benefiting some companies and hurting others. In 2022, the U.S. experienced 18 weather and climate disasters which cost at least $1 billion each. The fluid engineering and chemical processing has gained 30% this year, has a median rating of overweight and a price target implying 10% further upside, according to FactSet.
Persons: Hurricane Lee, Andrew Chanin, Sterling, Chanin, FactSet . Organizations: Hurricane, Sterling Infrastructure, SNC, Lavalin, Morningstar, Bloomberg, Sulzer, Citigroup, Supply, Holdings Locations: New England, Canada, U.S, Houston, Canadian, United States, Swiss, FactSet . Great
Cramer's Lightning Round: Duke Energy is "very solid"
  + stars: | 2023-07-12 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon International Paper's year-to-date stock performance. Stock Chart Icon Stock chart icon Paramount's year-to-date stock performance. Stock Chart Icon Stock chart icon Clean Harbors' year-to-date stock performance. Stock Chart Icon Stock chart icon Duke Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Ares Capital's year-to-date stock performance.
Persons: I've, Lina Kahn, Duke Energy's, Duke's, Tom Siebel, Ares Organizations: Paramount, FTC, Duke Energy, Duke, Mad, Ares Locations: Turkey
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: The only way Paramount can be saved is if it gets taken over, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: International Paper, Paramount, Clean Harbors, Occidental Petroleum, Duke Energy, C3.ai, Ares Capital and Fiverr.
Persons: Jim Cramer Organizations: Paramount, Clean Harbors, Occidental Petroleum, Duke Energy
CNN —Adventure cruise company Hurtigruten Norway today revealed plans for a zero-emissions electric cruise ship with retractable sails covered in solar panels, which is due to set sail in 2030. The zero-emissions ship's sails will retract so that the ship can pass under bridges, as shown here in a rendering. This has led to a new wave of designs for eco-friendly sailing vessels, from the transatlantic car carrier Oceanbird and various cargo ships with retractable sails, to Oceanco’s Black Pearl superyacht and Chantiers de Atlanique’s cruise ship with folding solid sails. Hurtigruten Norway has long touted sustainable shipping. In 2019, it launched the world’s first hybrid, battery-supported cruise ship and is currently in the process of converting the rest of its expedition fleet to hybrid battery power.
Persons: Hedda Felin, , Gerry Larsson, Fedde, Larsson, Pearl superyacht Organizations: CNN, Hurtigruten, International Maritime Organization, UN Locations: Norway, Norwegian, Oslo, Hurtigruten Norway,
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer-fave Clean Harbors is the Ghostbusters of environmental servicesMad Money host Jim Cramer talks to Clean Harbors CEO Alan McKim about his decision to step down and take on a new role with the company.
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