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☆ SoftBank posts blowout quarterly gains at Vision Fund tech arm
▼ + stars: | 2024-11-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The broader Vision Fund segment as a whole, which also factors in non-investment performance such as administrative expenses and gains and losses attributable to third-party investors, reported a gain of 373.1 billion yen. It had declared a loss of 204.3 billion yen in the company's first fiscal quarter. The Vision Fund has been cashing in on the success of the September 2023 listing of smartphone chip designer Arm Holdings , in which it owns a sweeping majority stake of around 90%. The group's print benefitted from investment gains of 1.28 trillion yen on shares of Chinese retail giant Alibaba and of 566.2 billion yen on stock of T-Mobile. On Tuesday, it said it had repurchased a cumulative 153.8 billion yen in shares by the end of the second quarter.

Persons: Toru Hanai, Didi, Son, Elliott Organizations: SoftBank Corp, SoftBank Group Corp, Bloomberg, Getty, Vision Fund, Arm Holdings, Nvidia, Yahoo, SoftBank, Mobile, Elliott Management, CNBC, Barclays Locations: Tokyo, Japan, Norwegian, Mobile . Tokyo, SoftBank

☆ Rate-drop environment could be the key 'reopen the spigot' for IPOs, says Rashaun Williams
▼ + stars: | 2024-09-23 | 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 EmailRate-drop environment could be the key 'reopen the spigot' for IPOs, says Rashaun WilliamsRashaun Williams, Value Investment Group founder, joins CNBC's 'Closing Bell' to discuss what rate cuts could mean for venture-backed companies, how he feels about earnings expectations, and more.

Persons: Rashaun Williams Rashaun Williams Organizations: Value Investment Group

☆ Berkshire Hathaway's new stock pick Ulta Beauty is a classic value play after a 30% sell-off
▼ + stars: | 2024-08-18 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway recently debuted a new stake in beauty retailer Ulta Beauty , a deep value bet that validated a belief that the stock was significantly oversold. The Omaha-based conglomerate unveiled a $266 million bet on Ulta Beauty in a regulatory filing late Wednesday, prompting the shares to climb 11% the next day. Many view the purchase as a classic value buy after the beauty supply chain's stock suffered a big sell-off this year amid slowing demand and increased competition. ULTA YTD mountain Ulta Beauty shares in 2024. Before Buffett's purchase boosted the stock, Ulta had tumbled 32% in 2024, trading at just 12 times forward earnings, according to FactSet.

Persons: Warren, Berkshire Hathaway, Oppenheimer, Rupesh Parikh, Ulta, it's, Stephanie Link, I've, Ted Weschler, Todd Combs, Buffett, Kraft Heinz Organizations: Hightower Advisors, Berkshire, Kroger Locations: The Omaha

☆ I think tech earnings growth will win, says Value Investment Group's Rashaun Williams
▼ + stars: | 2024-08-06 | 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 EmailI think tech earnings growth will win, says Value Investment Group's Rashaun WilliamsRashaun Williams, Value Investment Group, joins 'Closing Bell' to discuss if the coming rate cuts from policymakers lead to a rebound across public and private markets, Uber, and more.

Persons: Rashaun Williams Rashaun Williams Organizations: Value Investment

☆ Klarna is one of the best relative value plays, says Value Investment's Rashaun Williams
▼ + stars: | 2024-07-03 | 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 EmailKlarna is one of the best relative value plays, says Value Investment's Rashaun WilliamsRashaun Williams, founder of Value Investment Group, joins 'Closing Bell: Overtime' to discuss the impact of AI on VCs and sports team valuations.

Persons: Williams Rashaun Williams Organizations: Value Investment

☆ Private equity and venture capitals jump into professional sports
▼ + stars: | 2024-05-24 | 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 EmailPrivate equity and venture capitals jump into professional sportsRashaun Williams, Value Investment Group founder and Atlanta Falcons limited partner, joins 'Closing Bell' to discuss sports as an investable asset, the IPO market, and more.

Persons: Rashaun Williams Organizations: Value Investment Group, Atlanta Falcons

☆ Starboard Value’s Jeffrey Smith firms up activist bet on GoDaddy, trims winning Salesforce stake
▼ + stars: | 2024-02-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeff Smith added to his GoDaddy holding while trimming his lucrative activist bet in Salesforce , according to a new regulatory filing. The hedge fund increased its stake in GoDaddy to nearly $925 million, making the web services company its biggest holding. Starboard continued to trim its stake in customer relations management software company Salesforce , which in 2022, he took an activist stake in. The filing also reveals a few new stakes for Starboard, including News Corp and Fortrea . CNBC had already reported on these stakes when Smith appeared at a conference in last year.

Persons: Jeff Smith, Smith, He's Organizations: Wharton, News Corp, Fortrea, CNBC Locations: Salesforce, GoDaddy, New York

☆ Baupost's Seth Klarman dumps Coinbase and other stocks in the fourth quarter
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Baupost's Seth Klarman dumped several stocks in the fourth quarter, while trimming some of his biggest holdings, including Google and YouTube owner Alphabet , according to a new regulatory filing. The hedge fund manager, who oversees almost $30 billion in assets , exited his stake in Coinbase , which was worth more than $70 million in the third quarter of 2023. After soaring 130% in the fourth quarter, Coinbase has retreated nearly 20% in the first quarter of 2024. Among Baupost's top holdings, the hedge fund cut its stakes in Alphabet , Fidelity National Information Services and Just Eat Takeaway. During his last CNBC appearance in mid-2023, Klarman warned of an "everything bubble," sounding the alarm on cryptocurrencies, SPACs and a host of other speculative trends.

Persons: Baupost's Seth Klarman, Coinbase, Baupost, John, Klarman, Benjamin Graham's, Warren Buffett, Graham, David Dodd Organizations: Google, Dollar, Seagate Technology, Metals, Solutions, Fidelity National Information Services, Liberty Global, CNBC, Boston, Harvard, Cornell grad Locations: Coinbase

☆ A fund manager who has beaten 99% of his peers over the last decade breaks down how he finds value investments where others don't, and the 2 sectors he's looking for opportunities in this year
▼ + stars: | 2024-02-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +8 min

Consistently beating the competition over a decade and a half is a sign that Bill Nygren is worth listening to. Instead, he uses good old-fashioned value investing techniques that have proven reliable for decades, even as they've evolved. Nygren added: "It's clearly not a value stock, but when you make those adjustments it sells at less than a market multiple. Advertisement2 sectors to invest in right nowThe average investor would be forgiven for looking around the market right now and struggling to find value. Advertisement"And I think value investors have been a natural home for a lot of the financial industry because the industry's typically traded at something like three-quarters of the S&P multiple," Nygren said.

Persons: Bill Nygren, Nygren, there'd, you've Organizations: Oakmark, Oakmark Fund, Business, Big Tech, Capital, Intercontinental Exchange, American International Group, AIG

☆ Everybody could use a Charlie Munger
▼ + stars: | 2023-11-29 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 29 (Reuters Breakingviews) - Every great leader needs a Charlie Munger. The deputy to Berkshire Hathaway’s (BRKa.N) Warren Buffett died on Tuesday morning just a month shy of his 100th birthday. And Munger kept at it: at age 99, having served as Berkshire’s vice chairman since 1978, he was still giving interviews as recently as this month. Munger was capable when taking the opposite view from his boss, encouraging the kind of debate that fosters better decisions. Follow @thereallsl on XCONTEXT NEWSCharlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died at a California hospital, the company said on Nov. 28.

Persons: Charlie Munger, Warren Buffett, Munger, lobbing, ”, Buffett, CNBC’s Becky Quick, Greg Abel, Ajit Jain, That’s, Buffett’s, Berkshire Hathaway, ” Buffett, Jonathan Guilford, Sharon Lam Organizations: Reuters, Berkshire Hathaway’s, Berkshire, Costco Wholesale, Thomson Locations: Berkshire, Omaha, ”, California

☆ A financially independent millennial says it's 'an incredible time' to be an investor and explains why he's diversifying his portfolio by purchasing niche websites and watches
▼ + stars: | 2023-11-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

He's continued to grow his wealth by investing in real estate and co-founding MMG Media Group, which builds, buys, scales, and sells websites. "I don't want to be fully concentrated in index funds and owning websites and having a few real estate properties," he told Insider. Investing in niche websites and watchesSabatier subscribes to one of Warren Buffett's investing philosophies: Be fearful when others are greedy and greedy when others are fearful. "So it's an incredible time to be buying niche websites and optimizing them." He particularly likes buying websites because they're asset-light and relatively affordable.

Persons: Grant Sabatier, He's, Sabatier, Warren Buffett's, everyone's, there's, Pete Davidson, Jack Kerouac's Rolex, Sabatier — Organizations: Business, MMG Media Group, Rolex Locations: American

But areas of the market dominated by small stocks and frequented by the country's retail investors have done surprisingly well. Scores of retail investors are dabbling in micro-cap stocks - stocks whose market capitalisation is tiny - operating under the radar of big funds and investors and their massive market-moving flows. Strategies such as Cui's stand out this year in a stock market depressed by China's wobbly economy, heightened geopolitical risks and surging overseas interest rates. Some brokerages are starting to recommend micro stocks to clients. GF Securities said in an October strategy report that buying micro stocks is part of a new investment paradigm in a stock market suffering from anaemic growth, and global decoupling risks.

Persons: Aly, horribilis, Joseph Cui, Cui, Yuan Yuwei, Helen Wu, Wu, Yi Huiman, Lu Deyong, Seres, Lu, Huang Yan, Jason Xue, Samuel Shen, Summer Zhen, Vidya Ranganathan, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei Technologies, Regulators, Wisdom Asset, China Securities Regulatory Commission, Huawei, Security Technology, TRS Information Technology, Automotive, Seres, Securities, Shanghai QiuYang, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, ChatGPT, Ningbo, Summer, Hong Kong

☆ Starboard Value's Jeff Smith says companies are more receptive to activists like him
▼ + stars: | 2023-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeffrey Smith, one of the busiest activist investors for two decades, said companies have grown more receptive to voices like him. Smith also sought a turnaround at pizza chain Papa John's in 2019 at a tumultuous time for the company . The Starboard CEO was even active during the Covid-19 pandemic . We're simultaneously respected and feared inside companies," Smith said. "More often than not, now the conversations are highly constructive and respectful and relatively easy," Smith said.

Persons: Jeffrey Smith, Smith, …, we've, I'm, We're Organizations: CNBC's Financial, Olive, Darden, Mercury Systems, Wharton Locations: New York

☆ Starboard Value’s Jeffrey Smith, who's bullish on A.I., reveals his top picks in latest 13F
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Starboard Value's Jeffrey Smith has called artificial intelligence "an enormous opportunity," and there are hints of his enthusiasm in his latest, quarterly 13F filing to SEC. The activist investor drastically increased his stake in Wix.com , making it his ninth-biggest holding at the end of June. The hedge fund manager said there's more room for Salesforce to grow and the stock can rally another 30% on the back of the AI boom. Nine years later he spun out his New York-based hedge fund and became the CEO. The hedge fund manager also added a relatively small stake in British life science company Abcam PLC last quarter.

Persons: Jeffrey Smith, Wix.com, Smith, There's, blockchain, there's, Splunk Organizations: SEC, Acacia Research, CNBC, Abcam Locations: Wix.com, Salesforce, New York

☆ Starboard Value's Jeff Smith remains one of the most feared and creative activist investors
▼ + stars: | 2023-08-01 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Starboard Value's Jeffrey Smith has been one of the busiest activist investors over the last two decades, best known for his proxy fights in the restaurant space. Darden shares saw a nearly 60% jump under Smith's activism, from October 2014 to April 2016. After Darden, Smith sought a turnaround at pizza chain Papa Johns , taking a $200 million stake in the company and becoming chairman in 2019. Smith took an activist stake in software company Salesforce last year. The Starboard CEO was even active during the Covid pandemic, calling for changes at Humana, Kohl's, Mercury Systems and other companies.

Persons: Jeffrey Smith, Smith, Darden, Papa, John Schnatter Organizations: Olive, Darden, Wharton grad, Mercury Systems Locations: New York

☆ A former waitress living paycheck-to-paycheck who now owns 35 rental units shares 2 principles she followed to achieve financial independence
▼ + stars: | 2023-06-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Ashley Hamilton was living paycheck-to-paycheck when she went to a local real estate conference. I love real estate because the barrier to entry is so low. Hamilton first learned about real estate in 2009, when she attended a free seminar in Detroit. Still, two concepts resonated with her that she says helped her go from living paycheck-to-paycheck to building a 35-unit real estate portfolio that has helped her achieve financial independence. Another trick that helped Hamilton think long-term was to always have a specific timeline for her goals.

Persons: Ashley Hamilton, Hamilton, Let's, Warren Buffett, subpar, Buffett Locations: Detroit, New York

☆ Here are Thursday's biggest analyst calls: Apple, Western Alliance, Berkshire Hathaway, Wix & more
▼ + stars: | 2023-05-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"We are initiating coverage of ZI with a BUY rating and a $30 target as a rare value investment within software. Citi upgrades Deutsche Bank to buy from neutral Citi said the global investment bank is at an "attractive entry point." " Deutsche Bank is one of the most de-rated banks YTD, yet the 1Q23 results demonstrated potential for further consensus earnings upgrades." Rosenblatt reiterates Apple as buy Rosenblatt said it's standing by its buy rating heading into earnings on Thursday after the bell. " CFRA reiterates Berkshire Hathaway as hold CFRA said it's standing by its "fairly valued" hold rating heading into Berkshire earnings on Saturday.

☆ Value or value trap? Cramer's helping you spot the difference in this market
▼ + stars: | 2023-04-04 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Mad Money host Jim Cramer helps investors spot good and bad value investments. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

☆ Stock pickers reckon it's time to move on from central banks
▼ + stars: | 2023-03-06 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

LONDON, March 6 (Reuters) - Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. The Nasdaq (.IXIC) is still up about 12% year-to-date and a sub-index of European tech stocks has gained 15% (.SX8P). A Reuters poll of 300 global asset managers last month showed 70% of those surveyed believed these so-called value stocks would outperform this year. Another sign investors are turning towards value shares is the reduced premium they are paying for growth stocks. "Central banks will keep rates high."

☆ Buy these 26 cash-rich, high-momentum stocks instead of piling back into more speculative meme stocks, according to Wall Street firm Evercore
▼ + stars: | 2023-02-08 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Somehow meme stocks have returned. That was definitely the case last month and in early February, when investors snapped up tech and growth stocks after dumping them throughout 2022. So, of course, meme stocks are back too. But the latest rally in growth, tech, and meme stocks isn't just about buying beaten-up equities for cheap. And just like last time, the investment cases in the loosely-defined meme stock field range from "very speculative" to "lolwut."

☆ The fund manager who's in the green this year by not playing 'the relative game'
▼ + stars: | 2022-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

J. Dale Harvey, founder and chief investment officer at Poplar Forest, manages a fund that's beating the S & P 500 this year. Harvey has led the Poplar Forest Partners Fund (PFPFX) since it was established on Dec. 31, 2009 with a "contrarian" mindset. "People can get sucked into the sort of the relative game, which which we don't play," he said. The fund took a dip with the rest of the market in September before marching back up in the following weeks. He noted value stocks, where he mainly looks, were "in the doghouse" for much of the 2010s as technology and other growth stocks drove the market.

☆ These companies are cheap, have strong balance sheets, and analysts love them
▼ + stars: | 2022-10-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 is down about 19% in 2022, while the Nasdaq has dropped about 29% in that time. Advanced Micro Devices has a price-to-book value of 1.7, with a total debt as a percentage of equity of 5.8%, according to FactSet data. Salesforce has a price-to-book value of 2.7, with a total debt as a percentage of equity of just 23.8%. Knight-Swift Transportation has a price-to-book value of 1.2. It has a total debt as a percentage of equity of 25.8.

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☆ Wharton's Jeremy Siegel is bullish on value stocks, says it's a great time for young investors to get into market
▼ + stars: | 2022-10-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

In this market, value names are the place to be, according to Wharton Business School professor emeritus Jeremy Siegel. The long-term investor is staying in the market and says the recent environment has provided a good opportunity. "For young people with cash, I think this is a great time to come in," Siegel said on CNBC's " Squawk Box " Tuesday. Siegel sees the momentum continuing for value stocks , which he said are trading for 12 or 13 times earnings. "I think they are going to acknowledge that there has been a tremendous amount of progress made on inflation," he said.

☆ America's best tool to fight inflation and prevent recessions is facing a dangerous death spiral
▼ + stars: | 2022-10-13 | by ( Austin Clemens | Erica Groshen | ) www.businessinsider.com time to read: +11 min

Threats to truthConsider the many benefits of having a source of trustworthy and publicly available economic data. Of course, private datasets, like those used by Opportunity Insights, the JPMorgan Chase Institute, and Earnest Research, complement federal statistics. In addition to competition from other sources, statistical agencies are facing a lack of money. Sustaining the future of statsThe good news is that statistical agencies are trying to keep up with the times. To continue producing this work, federal statistical agencies need a funding boost.

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