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☆ A top-7% fund manager over the past 15 years shares the once-in-a-generation challenge she sees in markets — and names 6 stocks that look attractive right now
▼ + stars: | 2023-09-02 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The mid-cap growth fund manager shared what qualities she's looking for in stocks. However, the mid-cap growth fund she's managed since 2001 is still a top-7% performer in the last 15 years, according to Morningstar. There's 'magic' to be found in mid-cap growthBut while elevated interest rates aren't kind to stocks, Scott still sees opportunities in many mid-sized companies. Within mid caps, Scott tends to tilt toward growth-focused companies, specifically those with sound business models that are profitable and have abundant cash flow. Instead of investing in so-called "bleeding edge" growth stocks, Scott said she prefers steady, reliable compounders.

Persons: Kimberly Scott, she's, we've, Scott, Morningstar, we're Organizations: Delaware Ivy, Growth, Federal, Growth Fund

☆ Trump’s Newest Lawyer, Steve Sadow Is Critic of Racketeering Prosecutions
▼ + stars: | 2023-09-01 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Trump’s Newest Lawyer, Steve Sadow, Is Critic of Racketeering Prosecutions
▼ + stars: | 2023-09-01 | 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/trump-lawyer-steve-sadow-georgia-elections-case-679e1582

Persons: Dow Jones Locations: georgia

☆ 'We're one gust of wind away from recession': A JPMorgan global strategy chief shares why the economy is still at risk despite rising optimism — and 3 places he's bullish on now
▼ + stars: | 2023-09-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

"We're one gust of wind away from recession," Kelly said. While he hasn't seen any cracks in that industry recently, he's wary of dismissing that as a risk, especially if interest rates climb further. The smartest investments to make now are in Europe, Japan, and emerging markets excluding China, Kelly said. But emerging markets are where many of the most tantalizing opportunities are, in Kelly's opinion. An exception within emerging markets is China.

Persons: JPMorgan's David Kelly, Kelly, David Kelly, Kelly inched, It's, hasn't, homebuilding, it's, he's Organizations: Asset Management, Fed, Federal, JPMorgan Asset Management, 19.9x, Japan's Nikkei Locations: Europe, Japan, China

☆ Rent growth nosedived again in August as tenants gain leverage over landlords — and apartments in these 42 cities are actually cheaper now than they were last year
▼ + stars: | 2023-08-31 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Rent growth is rapidly decelerating across the US after taking off during the pandemic. Lower rent growth means that the cost of an apartment is still climbing, just at a slower pace. Renting may be expensive, but considering how many are feeling about the economy, it's easy to see why so many are sticking to apartments — especially as rent growth steadily slides. 42 cities that are getting more affordableBelow are 42 real estate markets where median rent for a one-bedroom apartment is lower than it was in 2022, according to Zumper. Along with each city are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Price, Anthemos Georgiades, Georgiades

☆ New York says Trump should be found liable for fraud, even before a trial
▼ + stars: | 2023-08-30 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

$250 MILLION SOUGHTJames filed her lawsuit last September, accusing Trump of lying about property values, including for his Mar-a-Lago estate in Florida and Trump Tower penthouse apartment in Manhattan, and his own net worth. The attorney general is seeking at least $250 million from Trump, his adult sons Donald Jr. and Eric, the Trump Organization and others, and to stop the Trumps from running businesses in New York. A trial before state Supreme Court Justice Arthur Engoron is scheduled for Oct. 2. The New York civil case is New York v Trump et al, New York State Supreme Court, New York County, No. Reporting by Jonathan Stempel in New York; editing by Jonathan Oatis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Donald Trump, Evelyn Hockstein, Letitia James, Trump, James, Donald Jr, Eric, Arthur Engoron, Jonathan Stempel, Jonathan Oatis, Leslie Adler Organizations: Fair, REUTERS, Wednesday, state's, Trump, Trump Organization, Republican, Democratic, New, New York, Court, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Manhattan, Lago, Florida, New York, New, Court , New York County

Before Donald J. Trump was indicted four times over, he was sued by New York’s attorney general, who said that for years the former president, his business and members of his family had fraudulently overvalued their assets by billions of dollars. Before any of those criminal trials will take place, Mr. Trump is scheduled for a civil trial in New York in October. During the trial, the attorney general, Letitia James, will seek to bar him and three of his children from leading their family business, the Trump Organization, and to require him to pay a fine of around $250 million. On Wednesday, Ms. James fired an opening salvo, arguing that a trial is not necessary to find that Mr. Trump and the other defendants inflated the value of their assets in annual financial statements, fraudulently obtaining favorable loans and insurance arrangements. The fraud was so pervasive, she said in a court filing, that Mr. Trump had falsely boosted his net worth by between $812 million and $2.2 billion each year over the course of a decade.

Persons: Donald J, Trump, Letitia James, James Organizations: New, Trump Organization Locations: New York

☆ These 34 real estate markets provide the best value for US homebuyers looking to build long-term equity instead of paying record-high rent
▼ + stars: | 2023-08-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hopeful homebuyers can use price-to-rent ratios to see where the best deals are. Decade-high mortgage rates and a housing market shortage have made homebuying complicated for everyone, and impossible for many. That way, buyers can get an attractive deal and build equity instead of getting caught in a housing market bubble. Below are the 34 such markets, along with the price-to-rent ratio as of July 31, the average price-to-rent ratio since March 2015, and the current premium to that long-term average. Only one city — New Orleans, Louisiana — has a discounted price-to-rent ratio, meaning that the city is especially appealing for buyers right now.

Persons: Ken Johnson, Johnson, Eli Beracha, William Hardin of, Beracha, — New Orleans , Louisiana — Organizations: Florida Atlantic University, Florida International University, Florida Atlantic, William Hardin of Florida International University Locations: West Coast, East Coast, Florida, — New Orleans , Louisiana

Sports has become a hot area for private investment, from private equity to venture capital. For the first year, Insider is looking to highlight the top VCs investing in the sports industry. Submit your nominations through this Google Form by September 8. AdvertisementAdvertisementPrivate investors have flocked to sports in recent years, viewing it as a relatively stable corner of the shaky economy. For the first year, Insider is looking to highlight the top venture capitalists investing in sports startups, from seed to the later stages.

Organizations: Morning

☆ Bank of America: Hedge funds are unusually bullish about these 20 stocks as they brace for tough times in markets
▼ + stars: | 2023-08-26 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 20 stocks that hedge funds are gravitating toward in this uncertain market. Although several economic signals have offered investors reasons for optimism right now, hedge funds can't seem to shake their cautious convictions. Bank of AmericaManagers of hedge funds and long-only funds have shifted toward defensive stocks over the last few years, according to Bank of America. 20 stocks hedge funds love nowWhile hedge funds are playing defense until further notice, that's not to say they're bearish. Below are the 20 stocks that hedge funds are unusually bullish about along with the ticker, sector, and net relative weight in hedge funds for each.

Persons: Savita Subramanian, defensives, Subramanian, that's Organizations: Bank of America, BofA's, Equity Locations: defensives, —

☆ This Film Director Has Two Projects Out This Year. One Is a Truck.
▼ + stars: | 2023-08-25 | by ( A.J. Baime | Photographs Julien James For The Wall Street Journal | ) 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/lifestyle/cars/this-film-director-has-two-projects-out-this-year-one-is-a-truck-4e5517a1

Persons: Dow Jones

☆ The CEO of an investment research firm who correctly called the crashes of Coinbase and Snap warns that Nvidia trades at a 'ridiculously high' valuation and is almost 400% above fair value. Here are 3
▼ + stars: | 2023-08-24 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Nvidia has captured the hearts of investors, but at least one market veteran refuses to show the artificial intelligence pioneer any love. "Nvidia is the stock market's new Tesla, where the market blindly assigns a ridiculously high and unrealistic valuation," Trainer wrote in an email to Insider on August 24. Trainer continued: "Investors should not be chasing Nvidia stock, as it is way too expensive. "While we recognize that artificial intelligence is an exciting technology and Nvidia is a great company, investors must pay attention to a company's valuation," Trainer wrote. To live up to its current valuation, Nvidia would have to increase revenue by 20% per year for the next 25 years, the investment research firm CEO wrote.

Persons: Nvidia's, David Trainer, We're, SIMO Organizations: Nvidia, Bank of America, Rosenblatt Securities, KLA Corporation, Motion Technology Locations: Santa Clara, Nashville

☆ 'It seems inevitable': A $254 million hedge fund manager warns that banking and fiscal crises are coming as reckless government spending gets out of hand — but investors can avoid the pain by making t
▼ + stars: | 2023-08-24 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors should prepare for fiscal, banking, and energy crises, a hedge fund manager warned. And thanks to a strong performance in July, the $254 million hedge fund has risen 16.8% after fees in 2023. Oil prices came under pressure when government reserves were released, but Kupperman said that's not a viable long-term recipe for reasonable energy prices. He expects a massive spike in oil prices in either 2024 or 2025, which will greatly benefit companies tied to the commodity. The investing opportunity Kupperman said he's most excited about is uranium, which he's playing through the Sprott Physical Uranium Trust.

Persons: Capital's Harris Kupperman, he's, Harris Kupperman, Kupperman, —, He's, he'll, we've, Macrotrends Banks, it's, that's, Joe, JOE Organizations: Praetorian Capital Management, Praetorian, Fund, Treasury, Uranium Trust, Energy, Florida Panhandle Locations: Kazakhstan, Uzbekistan, Russia, Ukraine, Florida

☆ Big-money investors are increasingly bullish on these 8 AI beneficiaries, according to a Goldman Sachs analysis of over 744 hedge funds with a combined $2.4 trillion in equities
▼ + stars: | 2023-08-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Hedge funds' top holdings have performed much better this year than in 2022 or 2021. Here are eight artificial intelligence beneficiaries that hedge funds are gravitating toward. The heaviest investments from hedge funds recently have been to energy and financials stocks, Snider wrote. 8 AI winners that hedge funds still loveWhile hedge funds haven't turned their back on tech, it may appear that way at first glance. Along with each is its ticker, industry, the number of hedge funds that owned it in December 2022 and June 2023, and the increase in the number of hedge funds that owned the stock in that span.

Persons: Goldman Sachs, Goldman Sachs Goldman Sachs, Ben Snider, Snider, they're, Russell, they've, haven't, it's Organizations: Microsoft, Nvidia, Goldman Sachs Research, Apple

☆ The minds behind JPMorgan's AI-driven ETF share the high-yielding strategy that's helped it beat 94% of its human-powered peers this year — and the 7 investments they're making now
▼ + stars: | 2023-08-22 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is dominating the competition. Of course, Reiner and his colleagues, Eric Moreau and Andrew Stern, aren't complaining about their fund's 22.6% rise in 2023. It's hard to poke holes in JPMorgan's growth-focused income ETF. JPMorgan's income-focused ETF uses an AI model that gathers and sorts through a treasure trove of information, especially financial statements, to help find suitable investments. Other than putting a premium on income and using AI to find standout stocks, a pair of traits that make JPMorgan's income ETF sing are its transparency and its liquidity.

Persons: Hamilton Reiner, Reiner, Eric Moreau, Andrew Stern, aren't, what's, it'll, Morningstar, —, I'm, Moreau, Stern didn't, they've, Bonds, — it's, it's, Moreau spotlighted, he's Organizations: JPMorgan Nasdaq Equity, Nasdaq, JPMorgan, NXP Semiconductors, NextEra Energy, NextEra Locations: Netherlands, Florida

☆ Goldman Sachs: These 72 non-tech companies are setting themselves up to be the unexpected winners of the AI revolution and enjoy an earnings boost for the next 20 years
▼ + stars: | 2023-08-21 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Companies encouraged investors to focus on artificial intelligence on Q2 earnings calls. These 72 companies outside of the technology sector touted AI in Q2, according to Goldman Sachs. Though some market commentators think that AI hype has gone too far, Goldman Sachs agrees with its peers that the enthusiasm is well-founded. That's reflected by a surge of mentions of AI by firms of all types on Q2 earnings calls, Goldman Sachs researchers recently noted. 72 under-the-radar AI winnersAfter poring over earnings call transcripts, Goldman Sachs researchers found that executives disproportionately discussed three topics: AI, economic growth, and sales growth drivers.

Persons: Goldman Sachs, David Kostin, that's, Goldman Sachs Goldman Sachs, they're Organizations: Companies, Management

Nobody was surprised that Megan Rapinoe took the Golden Ball, for the tournament’s best player, in 2019, or that Lionel Messi did the same in 2022. Some World Cups are, after all, very obviously dominated by one central character. This has not been one of those World Cups, though. Several Spain players might be contenders: Aitana Bonmati, Mariona Caldentey, Teresa Abelleira. Japan’s Hinata Miyazawa will likely win the tournament’s Golden Ball, the award handed out to the most prolific goal-scorer.

Persons: volubly, Nobody, Megan Rapinoe, Lionel Messi, Aitana, Mariona Caldentey, Teresa Abelleira, Millie Bright, Kosovare Asllani, Sam Kerr, Mary Fowler, Australia’s, Hinata, Lauren, Alessia Russo, Lauren James, Alba Redondo, Jenni Hermoso, Bonmatí, Mary Earps, Zecira, Salma Paralluelo, James, Fowler Organizations: FIFA, Spain —, Spain, Nigeria Locations: Sydney, Spain, Georgia, Sweden, England

☆ Spain wins Women's World Cup for the first time, beating England in Sydney
▼ + stars: | 2023-08-19 | by ( Aimee Lewis | ) edition.cnn.com time to read: +8 min

Against the odds and amid a backdrop of turmoil, Spain reached the pinnacle in Sydney on Sunday, beating England 1-0 to win the Women’s World Cup for the first time. Spain could even afford to miss a second-half penalty as La Roja became only the second country, after Germany, to win both the men’s and women’s World Cups. But there is some solace for England which, like Spain, was competing in a Women’s World Cup final for the first time, because the team has progressed further than ever before in this competition. !”Spain is the reigning Women's World Cup winner at Under-17, Under-20 and senior level. Spain has become a world champion without some of its best players, talents who are the finest in the world in their respective positions.

Persons: Spain, Roja, Olga Carmona’s, La Roja, Prince William, Rafael Nadal, Amanda Perobelli, Jorge Vilda, ”, Vilda, Spain's Eva Navarro, Quinn Rooney, Bonmati, Salma Paralluelo, Ballon d’Or, Alexia Putellas, Lauren Hemp, Mary Earps, Alba, Carmona lazering, Spain’s, Lucy Bronze’s, upfield, Irene Paredes, Paralluelo’s, Jennifer Hermoso, Keira Walsh, Lauren James, Cata Coll, “, we’ve, England’s, Sarina Wiegman Organizations: CNN, England, La, Australia, WORLD, Reuters, Spanish, World, peerless, Sweden, Barcelona Locations: Spain, Sydney, European, Germany, England, Marca, Spanish, Barcelona, Earps, Netherlands

☆ Asia's refiners face profit crunch as Kuwait cuts crude exports
▼ + stars: | 2023-08-18 | by ( Muyu Xu | ) www.reuters.com time to read: +5 min

Lower Kuwaiti exports follow cuts from OPEC kingpin Saudi Arabia that have pushed Brent prices close to $90 a barrel and left little wriggle room for Asia's refiners, reliant on the Middle East for more than two-thirds of crude imports. Chinese refiners, which have invested heavily in new plants designed to process sour oil, are especially exposed. Discounted oil from Russia has eased some of the pain, replacing some Kuwaiti supply, largely to China and India. Additionally, Kuwait's joint venture 230,000 bpd Duqm refinery in Oman is scheduled to start operation by end-2023, which could reduce Kuwaiti crude exports by a further 100,000 bpd to 200,000 bpd in 2024, the consultancies said. Formosa could replace Kuwaiti supply with grades such as Iraq's Basra Medium, Qatar's al-Shaheen and Oman crude, Lin said, adding it can also process U.S. light sweet crude.

Persons: Brent, Asia's, Janiv Shah, Sun Jianan, Al Zour, consultancies, KPC, Lin, al, James Forbes, Muyu Xu, Florence Tan, Sonali Paul Organizations: Kuwait Oil Tanker, Oil, Companies, Lower, Saudi, United Arab, Rystad Energy, P, Kuwait Petroleum Corp, Shenghong, Taiwan Formosa Petrochemical Corp, FGE, Dubai, Brent, Thomson Locations: Kuwait, Pier, Companies Kuwait, SINGAPORE, OPEC, Lower Kuwaiti, Saudi Arabia, Russia, China, India, Iraq, United Arab Emirates, UAE, Taiwan, Pakistan, Philippines, Thailand, Oman, PetroChina's, Guangdong, Japan, South Korea, Vietnam, Formosa, Basra, Shaheen, Brent, Dubai

☆ Skull reshaping was practiced for centuries in ancient Japan by men and women
▼ + stars: | 2023-08-18 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +5 min

CNN —Modified skulls found in an ancient burial site in Japan were deliberately reshaped in both men and women as an expression of collective identity. It’s possible, the researchers suggested, that the Hirota cranial reshaping played a part in their trading success. For the new study, the scientists 3D-scanned and digitally modeled 19 adult Hirota skulls to conduct more detailed morphological analysis. Certain indentations were also identified in Hirota skulls but were absent in those of Jomon and Doigahama individuals. At the Hirota site, each marker indicates where burials were found along with the notes on their sex and approximate age group.

Persons: ”, Noriko Seguchi, James Frances Loftus III, ” Seguchi, Loftus, Seguchi, —, crania Organizations: CNN, Faculty of Social, Studies, Kyushu University, Kyushu University Museum Locations: Japan, Tanegashima, Asia, Europe, Germany, Croatia, China, Central America, Mexico, Americas

Corinne RameyCorinne Ramey is a reporter covering federal law enforcement and white-collar crime. She frequently writes about investigations and criminal cases brought by federal prosecutors in Manhattan and Brooklyn, including those related to public corruption and financial crime. She also covers New York investigations into Donald Trump and his family business. Cory previously covered state courts and economic development for the Journal's Greater New York section. Before joining the Journal in 2015, she worked as a professional violist.

Persons: Corinne Ramey Corinne Ramey, Donald Trump, Cory Locations: Manhattan, Brooklyn, New York, Dayton , Ohio

☆ Beware overhype about AI and make these 7 smart investments instead, according to a tech portfolio manager at a $120 billion firm
▼ + stars: | 2023-08-17 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Technology investor Jonathan Curtis is bullish, though he's worried about AI stocks in late 2023. "But we're in an experimentation phase for AI — we're not in the revenue phase for AI." Although revenue and earnings for many companies connected to AI aren't substantial, the demand for workers with AI know-how certainly is, Curtis said. Still, while he keeps his focus on the long term, he acknowledged that valuations for AI stocks are ambitious, if not a bit crazy. And while the portfolio management director thinks investors should be wary of AI stocks' volatility in the near term, he made clear that AI is absolutely worth investing in for the long term.

Persons: Jonathan Curtis, he's, Curtis, Jonathan Curtis —, there's, We've, — we're, they'll, Curtis spotlighted Organizations: Technology, Federal, Franklin Equity Group

☆ A recession is only delayed as the economy continues to lose steam. Here's exactly how 8 top strategists and money managers recommend investing in this turbulent market.
▼ + stars: | 2023-08-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Now, the inverse has happened as stocks rally, inflation steadily falls, and the labor market stays healthy. By any historical measure, this is still a really strong labor market," he said. "There's a lot of market concern — understandably so — about the sustainability of the strong labor market," Porter said. "There are clear signs that we're weakening at the margin," Schurmeier said of the labor market. "And they're able to thread the needle on the other part of their mandate, which is the labor market."

Persons: John Porter, Jason Draho, Porter, David Lebovitz, Lebovitz, they're, Draho, Jonathan Curtis, Curtis, Brent Schutte, Schutte, Jake Schurmeier, Schurmeier, they'll, shouldn't, Charles Lemonides, Lemonides, Greg Calnon, Calnon, Franklin Equity Group's Curtis, he's Organizations: Newton Investment Management, UBS Global Wealth, Asset Management, Franklin Equity Group, Workers, Northwestern, Harbor Capital Advisors, Fed, Goldman Sachs Asset Management, Franklin Equity

☆ Georgia Case Presents Unique Challenges for Trump—and Prosecutors
▼ + stars: | 2023-08-15 | by ( Corinne Ramey | 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/articles/georgia-case-presents-unique-challenges-for-trumpand-prosecutors-4dd6ee37

Persons: Dow Jones, 4dd6ee37 Locations: georgia

☆ Why Trump’s Phone Calls Could Be Focus of Potential Indictment in Georgia
▼ + stars: | 2023-08-15 | by ( James Fanelli | Corinne Ramey | ) 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/articles/trump-georgia-indictment-phone-calls-d559c13a

Persons: Dow Jones Locations: georgia

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