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Top related persons:
Sean Peche - 1 CNBC's Silvia Amaro - 1 Pesh - 1
Top related locs:
overvalued U.S Hong Kong United States Carrefour China
Top related orgs:
Ranmore Fund Management - 1 CNBC Pro - 1 U.S . Federal - 1 Carrefour - 1 Petrobras - 1 Alibaba - 1 Baidu - 1 Ranmore - 1

Search resuls for: "overvalued U.S"


3 mentions found


☆ Pro Talks: After the Fed cuts rates, one fund manager reveals where to invest right now
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: +1 min
Investors should stay away from overvalued U.S. stocks in 2025, fund manager Sean Peche has cautioned. The value investor at Ranmore Fund Management told CNBC's Silvia Amaro on CNBC Pro Talks about where he sees undervalued stocks and opportunities, especially now the U.S. Federal Reserve has cut interest rates. Pesh highlighted his fund's holdings, including Carrefour , Petrobras , Alibaba , and Baidu as value plays. Peche, who set up Ranmore Fund Management in 2008, also shared some of the worst trades of the year, as well as his most successful yet. Since inception, the fund has gained 10.9% on an annualized basis, slightly more than the 10.6% posted by its MSCI benchmark.
Persons: Sean Peche, CNBC's Silvia Amaro, Pesh Organizations: Ranmore Fund Management, CNBC Pro, U.S . Federal, Carrefour, Petrobras, Alibaba, Baidu, Ranmore, Equity, ABN Amro, Ranmore Global Equity Fund Locations: overvalued U.S, Hong Kong, United States, Carrefour, China
☆ Exclusive: Pentagon accounting error overvalued Ukraine aid by $3 billion - sources
  + stars: | 2023-05-18 | by ( Mike Stone | ) www.reuters.com   time to read: +1 min
The error was the result assigning a higher than warranted value on weaponry that was taken from U.S. stocks and then shipped to Ukraine, two senior defense officials said on Thursday. "We've discovered inconsistencies in how we value the equipment that we've given" to Ukraine one of the senior defense officials told Reuters. The defense official said it is possible the amount of overvalued weaponry could grow as the Pentagon examines the situation more thoroughly, increasing the $3 billion. In its accounting, the Pentagon used replacement cost to value the weapons aid, instead of the weaponry's value when it was purchased and depreciated, the senior defense officials said. Since August 2021, the United States has sent weapons valued at about $21.1 billion to Ukraine from its stockpiles.
☆ Column: G7 'recognizing' FX disruption is damp squib :Mike Dolan
  + stars: | 2022-10-14 | by ( Mike Dolan | Thomson Reuters | Mike Dolan Is Reuters Editor-At-Large For Finance | ) www.reuters.com   time to read: +7 min
Their joint communique released by the U.S. Treasury late on Wednesday did give Japan something - but it was thin gruel. read more"Recognizing that many currencies have moved significantly this year with increased volatility, we reaffirm our exchange rate commitments as elaborated in May 2017," the G7 wrote. And, for the record, the 2017 phraseology was that excess volatility and disorderly currency moves have negative impacts on their economies and financial stability. read more"We cannot tolerate excessive volatility in the currency market driven by speculative moves," he opined after. The big question is whether this dollar surge is in fact a "short run" aberration or whether it is a more permanent feature of the global landscape.
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