DIRS.INFO The most relevant business & tech news

☆ 'Insanity upside potential': A hedge fund manager up 734% since the start of 2019 highlights the best investing opportunity he's ever seen — and explains why the remarkable oil rally will gain steam
▼ + stars: | 2023-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Renewed optimism about the economy calmed demand concerns while expectations of the largest oil production cuts since 2007 started to sap supply. Saudi Arabia and its OPEC allies refuse to boost oil production, much to the chagrin of the US. And so that's why I think it's just really, really interesting. Boosting uranium production takes years, he added, so it may take years to fix the shortage. Oil-adjacent stocks are the second-largest part of the Praetorian Capital Fund, Kupperman said.

Persons: Harris Kupperman, Kupperman, it's, I've Organizations: Energy, OPEC, Praetorian Capital Management, Capital Fund, Uranium Trust Fund, Praetorian Capital Fund, drillers, Offshore Locations: Saudi Arabia, Kazakhstan, Uzbekistan, Russia, Ukraine

☆ These 28 stocks will be the biggest winners from rising interest rates, according to a strategy chief who believes this market rally will continue to defy expectations
▼ + stars: | 2023-09-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

"Instead, we have found that returns tend to be slightly below average and interestingly a bit less volatile compared to lower interest rate levels." "Our work shows that US stocks can perform quite well in a higher interest rate environment despite perceptions to the contrary," Belski wrote. US interest rates are set between 5.25% and 5.5%, which is the highest range since mid-2007. Federal ReserveAfter decades of dormancy, it's unsurprising that many investors have misconceptions about interest rates' impact on stocks. Investors can continue to ride this market rally by targeting stocks with limited leverage and plenty of free cash flow since interest rates are still high.

Persons: Brian Belski, they've, Belski, they're Organizations: BMO Capital Markets, BMO, Federal, Technology, BMO Capital, BMO wasn't, Investors

In its annual renumeration report, Stellantis reported CEO Carlos Tavares' 2022 pay was 23.46 million euros. That's a nearly 77% increase over then Fiat Chrysler CEO Mike Manley's 2019 pay of 13.28 million euros. However you slice the numbers, the gap between CEO pay and rank-and-file workers at all three companies is gigantic. It's far above the typical pay gap at S&P 500 companies, which was 186-1 according to AP's annual CEO pay survey, which uses data analyzed by Equilar. CEO Elon Musk's 2022 compensation was reported as zero in the company's proxy statement, rendering its official pay ratio meaningless.

Persons: — It’s, Shawn Fain, Fain, ” Fain, ”, Mary Barra, James Farley, William Clay Ford, Stellantis, Carlos Tavares, Mike Manley's, “, Equilar, Tavares, That's, Manley, —, Tavares ’, Harry Katz, Tesla, Elon, Tom Krishner Organizations: United Auto Workers, UAW, Netflix, Writers Guild of America, WGA, Comcast, Big Three, —, Motors, Ford, Chrysler, Associated Press, Big, General, Barra, AP, Equilar, Fiat Chrysler Automobiles, French PSA Group, GM, Fiat Chrysler, Institute, Detroit, Cornell University, U.S Locations: Stellantis, American, European, Detroit

☆ If Trump Is Going to Win Again...
▼ + stars: | 2023-09-16 | by ( James Freeman | ) www.wsj.com time to read: 1 min

James Freeman is assistant editor of The Wall Street Journal's editorial page and author of the weekday Best of the Web column. He is the co-author of "Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi," recognized as a New York Times Editors' Choice and a Financial Times Business Book of the Month. He is a contributor to the Fox News Channel and a host of "Deep Dive" on Fox Nation. Before joining the Journal in September 2007, James served as investor advocate at the U.S. Securities and Exchange Commission, where he encouraged the transformation of financial reporting technology to benefit individual investors. Follow James on Twitter @FreemanWSJ

Persons: James Freeman, Bailouts, James Organizations: Citi, New York Times, Financial, Fox News Channel, Fox Nation, U.S . Securities, Exchange Commission, Yale, Twitter

☆ A top-12% portfolio manager over the last 5 years shares how he finds unloved stocks trading at massive discounts — and 6 of the top opportunities in markets right now
▼ + stars: | 2023-09-16 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Value investing can be challenging, humbling, and even lonely, as fund manager Sam Peters has learned over the last three decades. Markets are usually efficient, Peters acknowledged, meaning that stocks usually trade near their fair value. Thanks to this method, Peters' portfolio often has an unconventional combination of companies that offers diversification with the potential to compound abnormally large returns over time. Peters added: "I think we're going to be in a higher nominal rate environment, higher inflation environment, higher rate environment. Such a setup would favor value stocks over their growth peers, Peters said.

Persons: Sam Peters, Peters, he's, Morningstar, it's, we're, Johnson, They're, ROE, there's, Noble, Toby Rice Organizations: Trust Fund, Healthcare, Johnson, UnitedHealth, Insurance, International Group, AIG, Trust Locations: financials

☆ A 39-year market veteran shares why this market rally is only beginning and stocks are destined to hit new record highs in the coming months — and the 5 best ways to take advantage of it
▼ + stars: | 2023-09-15 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Market volatility (bottom half) spiked during the downturn but has steadily receded during the rebound despite a late-summer hiccup. Tim Hayes, Ned Davis ResearchHayes believes that a healthy reset shook out much of that euphoria without leaving lasting damage. History says this market rally has plenty of room to runThe final three months of the year have historically been the friendliest to stocks, Hayes said. Tim Hayes, Ned Davis Research"It doesn't follow the script precisely," Hayes said. The forthcoming market rally should broaden out, the strategist said, which should boost parts of the market that haven't participated as well, including economically sensitive small companies and sectors.

Persons: Ned Davis, Tim Hayes, who's, Ned Davis Research Hayes, " Hayes, Hayes, Morgan Stanley, Mike Wilson's, David Lundgren, they've, There's, He's, haven't, they're Organizations: Ned, Ned Davis Research, Technology Locations: China, United Kingdom, Canada, Japan

☆ These are the 10 most undervalued real estate markets in America right now, according to a housing data provider
▼ + stars: | 2023-09-14 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Price growth for US homes bounced back this summer from its lowest level in over a decade, according to a new report from real estate data provider CoreLogic. Rising mortgage rates have hurt mortgage demand. 10 undervalued markets for homebuyers to look in nowIn addition to sharing their latest Home Price Index report, CoreLogic also shared exclusive data with Insider about which US housing markets are most undervalued right now. Below are 10 undervalued metropolitan areas in the US, according to CoreLogic, along with each's home price index change from the last 12 months as of July and forecasted home price index change. The cities are listed in descending order by expected home price index change.

Persons: Price, Selma Hepp, Hepp, CoreLogic Organizations: Mortgage, New, West : Locations: California , Washington, Massachusetts, Miami , Florida, St, Louis , Missouri, Detroit , Michigan, Northeast, Vermont, New Hampshire, New Jersey, West, West : Idaho, Nevada, Montana, Washington, Arizona, Utah, Oregon, Colorado, Texas, Wyoming, California, CoreLogic

☆ Judge temporarily halts NY fraud trial against Trump, pending appeal
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Former U.S. President Donald Trump departs from Trump Tower to give a deposition to New York Attorney General Letitia James who sued Trump and his Trump Organization, in New York City, U.S., April 13, 2023. According to the court spokesman, appeals court Justice David Friedman granted an interim stay of the trial, and referred the matter to a five-judge panel, which expects to rule in the last week of September. The trial could still begin on Oct. 2 depending on how the appeals court, known as the First Department, rules. Friedman's stay does not apply to a scheduled Sept. 22 hearing before Engoron on both sides' motions for summary judgment, which can proceed as planned, the court spokesman said. She is seeking a $250 million fine, and to bar Trump and his sons Donald Trump Jr and Eric Trump from leading the family business, the Trump Organization.

Persons: Donald Trump, Letitia James, Trump, Mike Segar, Arthur Engoron, James, David Friedman, general's, Engoron, Donald Trump Jr, Eric Trump, Luc Cohen, Jonathan Stempel, Leslie Adler Organizations: U.S, Trump Tower, New York, Trump Organization, REUTERS, Daily, First Department, Trump, Republican, Democratic, Thomson Locations: New, New York City, U.S, York, New York

☆ Cruise ship Ocean Explorer runs aground in Greenland
▼ + stars: | 2023-09-13 | by ( Zahid Mahmood | James Frater | ) edition.cnn.com time to read: +2 min

CNN —A cruise ship carrying 206 passengers and crew has run aground on a remote stretch of Greenland and could potentially be stuck for days waiting for the nearest ship to arrive to help. The Ocean Explorer got into trouble on Monday in Alpefjord, a dramatic and rugged stretch of Northeast Greenland National Park, and has not been able to free itself, according to a statement from Denmark’s Joint Arctic Command (JAC). “As soon as we realized that the Ocean Explorer could not get free on its own, we sent a ship towards the wreck,” Arctic Commander Brian Jensen said. Jensen said the Ocean Explorer could still re-float on a high tide, but failing that, the Knud Rasmussen would assist. According to the statement, the Government of Greenland, the Danish Maritime Authority and the Danish Accident Investigation Board have been informed of the incident.

Persons: ”, Knud Rasmussen, Brian Jensen, “, Jensen, Tamara Hardingham, Gill Organizations: CNN, Arctic Command, Aurora Expeditions, Command, Danish Maritime Authority, Danish Locations: Greenland, Alpefjord, Northeast Greenland, Government

☆ The stock market reaction to government shutdowns may surprise you
▼ + stars: | 2023-09-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

But surprisingly, the stock market has historically gone up when the government shuts down, according to Raymond James. "Markets are largely unaffected in the lead up to a shutdown, and on average continue to rise in the 30 days following the resolution of a shutdown," Mills said. Other sectors in the broad market index that have had historically strong showings during shutdowns include communications services, consumer staples and technology. Ultimately, a government shutdown will not likely create lasting effects in the market, according to Raymond James. Not only are Democrats and Republicans on different pages, but Republicans are also not singing from the same sheet of music as other Republicans," Mills said.

Persons: Raymond James, Ed Mills, Mills, Biden, furloughs, — CNBC's Michael Bloom Organizations: Energy, Congress, Republican, Representatives, Freedom Caucus, Congressional Democrats, Senate Republicans, Senate Democrats, Caucus, Republicans Locations: U.S, Ukraine

Brussels/London CNN —The European Union is launching an investigation into China’s state support for makers of electric vehicles as soaring imports of their cars stoke fears for the future of European auto manufacturers. “So I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China.”Europe levies a duty of 10% on cars imported from China. That compares with duty of 27.5% in the United States, and China’s manufacturers have taken advantage to carve out a significant and rapidly growing foothold in the European market. And in the last five years, EU imports of Chinese cars have quadrupled. The European Commission investigation could lead to the imposition of tariffs on Chinese EV imports, and von der Leyen’s announcement rattled the stocks of China’s biggest EV companies listed in Hong Kong.

Persons: Ursula von der Leyen, “, ” von der Leyen, von der, Warren Buffett, Nio, Li Yunfei, Oliver Zipse, Luca de Meo, ”, Sigrid de Vries, Laura Organizations: London CNN, China Passenger Car Association, UBS, The, EV, European Automobile Manufacturers ’ Association, Senior, EU, Jato Dynamics, BMW, Renault, European Locations: Brussels, London, Europe, China, United States, Hong Kong

☆ Morgan Stanley: Buy these 9 stocks with up to 43% upside to hedge against the risk of a downturn for an overvalued market
▼ + stars: | 2023-09-13 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

US stocks are set to give up almost all of their year-to-date gains, according to Morgan Stanley. Investors are starting to gravitate toward high-quality growth stocks despite high interest rates, according to Morgan Stanley. 9 defensive stocks to buy nowIn his note, Wilson updated Morgan Stanley's fresh-money buy list of stocks worth owning now. Despite what the name might suggest, these aren't new recommendations, but are rather firms that Morgan Stanley is very bullish on. Morgan StanleyBelow are the nine names on Morgan Stanley's fresh-money buy list, along with the ticker, market capitalization, sector, price target, and percent upside to that target for each.

Persons: Morgan Stanley, Morgan, that's, Mike Wilson, Morgan Stanley's, Wilson

☆ Buy this financial stock as protection against economic troubles and rate hikes, BofA says
▼ + stars: | 2023-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Bank of America says Raymond James Financial is well protected from macroeconomic headwinds, making it an attractive investment option compared to its peers The firm initiated coverage of Raymond James stock on Monday with a buy rating as well as a $122 per share price target. Raymond James stock is little changed from the start of the year. RJF YTD mountain Raymond James stock. Analyst Mark McLaughlin says Raymond James' diversification and potential ability to navigate future macroeconomic headwinds better than its peers underpinned the bullish outlook. The analyst added that Raymond James' moves during the Federal Reserve's quantitative easing cycle, prior to interest rate hikes, have helped the firm be prepared for any future liquidity needs.

Persons: Raymond James Financial, Raymond James, Mark McLaughlin, RJF, McLaughlin, — CNBC's Michael Bloom Organizations: of America

☆ Former FTX Executive Ryan Salame Expected to Plead Guilty in Crypto Exchange’s Collapse
▼ + stars: | 2023-09-07 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/law/former-ftx-executive-ryan-salame-expected-to-plead-guilty-in-crypto-exchanges-collapse-61cb71bb

Persons: Dow Jones, ryan

☆ Former FTX Executive Ryan Salame Expected to Plead Guilty in Crypto-Exchange’s Collapse
▼ + stars: | 2023-09-07 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, ryan

☆ Former FTX Executive Ryan Salame Pleads Guilty in Crypto Exchange’s Collapse
▼ + stars: | 2023-09-07 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, ryan

☆ Here are 7 ways investors can be greedy while others are fearful as China's potential property crisis unfolds, according to UBS
▼ + stars: | 2023-09-07 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are the seven smartest ways to invest in Chinese markets, according to UBS. Stimulus should keep Chinese stocks from sinkingHowever, UBS believes that plenty of pain has already been priced into Chinese stocks. Naturally, China's property market turmoil has inspired comparisons to the US housing market bubble that led to the global financial crisis, but Yu is confident that such fears are overblown. "The government has the toolkit to minimize the risk of having something that is systematically disastrous in the financial markets," Yu said. If China's growth exceeds expectations, companies in the consumer discretionary and materials sectors will be among the biggest beneficiaries, according to UBS.

Persons: David Kelly, Xingchen Yu, Solita Marcelli, Yu, there's Organizations: US, UBS, Asset Management Locations: China, Shanghai, People's Republic, Swiss, Beijing, Taiwan

In seeking the rematch with James in the suburban district north of Detroit, Marlinga is hoping to extend his party's recent winning streak in Michigan. A former Macomb County judge and prosecutor, Marlinga beat out four other Democrats last year to win the party's nomination. The Democratic Congressional Campaign Committee, the campaign arm of House Democrats, has said the district is one of 31 GOP-held seats they will “aggressively target” in 2024. Last year, Democrats swept statewide races, flipped the state House and Senate and won three of four U.S. House races that were expected to be competitive. James lost U.S. Senate races in 2018 and 2020 before narrowly winning the House race while holding significant advantages in name recognition and fundraising.

Persons: Carl Marlinga, he'll, John James, James, Marlinga, Diane Young, Sen, Mallory McMorrow, Elissa Slotkin, Donald Trump, Joe Biden Organizations: Democrats, Republican U.S . Rep, Congressional, Associated Press, Democrat, Legislature, National Democrats, GOP, U.S . House, Republicans, Republican, Democratic Congressional, Committee, U.S . Senate, Senate, ., Michigan Republicans, Republican Party, U.S Locations: LANSING, Mich, Michigan, Michigan's, Detroit, Marlinga, Macomb County, U.S

☆ ‘A 25-Minute Flight on 20 Minutes of Fuel’
▼ + stars: | 2023-09-06 | by ( James Freeman | ) www.wsj.com time to read: 1 min

Persons: James Freeman, Bailouts, James Organizations: Citi, New York Times, Financial, Fox News Channel, Fox Nation, U.S . Securities, Exchange Commission, Yale, Twitter

☆ Donald Trump Liable for Defaming Writer E. Jean Carroll, Judge Rules
▼ + stars: | 2023-09-06 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/law/judge-rules-donald-trump-liable-for-defaming-writer-e-jean-carroll-e8d38299

Persons: Dow Jones, carroll, e8d38299

☆ UBS shares the only 4 media stocks worth buying now as the cable bundle collapses, the Disney-Charter conflict gets ugly, and streaming growth slows
▼ + stars: | 2023-09-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Media analysts say this dispute could be the beginning of the end for the cable bundle. After a decade of steady decline, the pay TV bundle now appears to be on life support. Charter refuses to pay Disney's higher asking price for its family of networks, including ESPN, without including Disney+ and Hulu in the bundle. The cable giant also wants its customers to have a Disney-free option for a reduced price, which may also be a non-starter. Otherwise, it plans to send its pay TV customers elsewhere.

Persons: Tim Nollen, That's, Jessica Reif Ehrlich, John Hodulik, Hodulik Organizations: Disney, Media, UBS, ESPN, Hulu, Macquarie, Bank of America, Netflix, Charter Locations: imploding

☆ Climate change is hurting Six Flags, SeaWorld and Disney World
▼ + stars: | 2023-09-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

It’s the latest example of how extreme weather, exacerbated by climate change, impacted major North American attractions this summer. Extreme heat in Florida also disrupted attendance at Walt Disney World and Universal Orlando this summer. Theme parks are building indoor rides and changing ticket policies to respond to brutal weather conditions. Golding has lowered his estimates for the theme park industry because of growing risks from extreme weather. SeaWorld warns in its annual report to investors that extreme weather events could cause it to “incur significant costs.”“The series of extreme weather events experienced in recent years presents an alarming trend,” SeaWorld said.

Persons: ” Paul Golding, Golding, Brian Witherow, Cedar, James Forrester, Hurricane Ian, Gary Mick, Mick Organizations: New, New York CNN, Walt Disney World, Universal Orlando, Macquarie Research, Knott’s, SeaWorld, Flags, Wall Street Locations: New York, Nevada, SeaWorld, Southwest, California, Canada, Florida, Ontario, Knott’s Berry, Florida , Texas, Virginia, Northeast

☆ How much is Hulu worth? As Disney gears up to buy Comcast's share of the streamer, analysts say Bob Iger may have to pay a hefty price.
▼ + stars: | 2023-09-05 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

When it comes to Hulu, value is in the eye of the holder. However, Comcast claims Hulu is worth double what Disney is saying, according to Bloomberg — even in a tough media environment. "It's what would a willing buyer in a robust auction pay," Roberts said of Hulu's valuation at a MoffettNathanson conference in May. Another way to value Hulu is by comparing its EV-to-subscriber ratio with that of Netflix. By buying all of Hulu, Disney can position itself for the next big trend in media, Noell said.

Persons: Bob Iger, Bloomberg —, Peacock, Brian Roberts, Roberts, financials, maven, Hulu, Tim Nollen, Netflix's, Nollen, Iger, Matthew Thornton, who's bullish, Barton Crockett, Crockett, Brandon Nispel, Nispel, Jason Bazinet, Bazinet, Davis Noell, Noell Organizations: Disney, Comcast, Hulu, Bloomberg, Wall Street, Macquarie, Netflix, Rosenblatt Securities, Citigroup, Star Wars, Marvel, Providence Equity Partners Locations: Hulu

☆ New all-time highs are coming next year as a multi-year bull market rally kicks off, a veteran chartmaster says — and these 5 leading sectors look ready to dominate
▼ + stars: | 2023-09-03 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Late last summer, veteran technical strategist and hedge fund manager David Lundgren urged his clients to bet against US stocks. "That pile of wood is just sitting there waiting for a catalyst, and I think it's coming," Lundgren said. "It's not our job to agree with the market's assessment of the fundamentals," Lundgren said. 5 sectors with strong momentum right nowMany investors remain concerned about a possible recession, but Lundgren has learned to lean on market trends instead of his gut. Coincidentally — or not — 11 of the names were in one of the five sectors that Lundgren highlighted.

Persons: David Lundgren, who's, we're, Lundgren, isn't, MOTR, I'm, there's, Guess what's, Industrials, — Organizations: MOTR Capital Management & Research, Dow Jones Market, MOTR Capital Management, Research, Investors, Bank Locations: cyclicals

☆ Judge Tosses Conviction of Former Fox Executive in FIFA Bribery Case
▼ + stars: | 2023-09-02 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/law/judge-tosses-conviction-of-former-fox-executive-in-fifa-bribery-case-8ab719f

Persons: Dow Jones Organizations: fifa

Search resuls for: "James F"

25 mentions found