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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla stock has been 'nothing short of a disaster,' hedge fund manager saysDavid Neuhauser, chief investment officer of hedge fund Livermore Partners, said Tesla's stock had been "nothing short of a disaster" for investors after shares in the company declined by more than 65% in the past year. Neuhauser has shorted Tesla shares.
Gold bars are displayed at a bullion merchant's, Baird & Co., in London, U.K., on Friday, March 14, 2008. LONDON — Gold traded near an 8-month high Tuesday as the precious metal's strong start to 2023 continued, buoyed by lower yields and a weaker dollar. Hansen said focus this week will be on Thursday's U.S. CPI inflation print, and placed the "next major hurdle" for gold at $1,896/oz. "I think as you look forward, you start to look around and think 'where is the safest place for your investment in terms of assets?' and the only place really to go as an alternative now is gold, in terms of knowing that you are not going to see that debasement of your assets," Neuhauser told CNBC's "Squawk Box Europe."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHedge fund manager: Oil prices will be 'very, very challenging' in the first half of 2023David Neuhauser, chief investment officer at hedge fund Livermore, said oil prices are likely to stay in the lower trading range of $65-$80 a barrel for Brent crude due to slow global economic growth.
Avianca and Viva announced on Wednesday they had appealed to Colombia's aviation regulator after it rejected their plan to merge, proposing steps to allay its concerns, such as yielding some routes to competitors. Colombia's aviation regulator objected to the merger, saying it poses risks to competition and the welfare of consumers. As a result, ticket prices would rise and routes to some cities only served by Viva would be lost. The aviation regulator has two months to resolve the appeal, although Neuhauser is confident a decision can be reached sooner. Viva faces a complex financial situation after the pandemic slowed travel, worsened this year by rising fuel prices and a weaker peso currency.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Stock World Cup: Alibaba vs Amazon and Coca-Cola vs LVMH — who wins? Ahead of the World Cup, Chris Grisanti of Mai Capital Management talks to CNBC about whether Alibaba or Amazon will give investors a greater total return over the next 12 months. And David Neuhauser of Livermore Partners gives his take on who's the winner: Coca-Cola or LVMH?
Semiconductor stocks have been beaten down all year — thanks to waning chip demand and the easing of supply chain disruptions that hobbled the sector at the peak of the Covid pandemic. The iShares Semiconductor ETF is down around 44% year-to-date — a bloodbath even by this year's bear market standard. Hedge fund manager David Neuhauser said he believes Intel now looks "really inviting," with the company having lost a significant chunk of its market value so far this year. So, if there was one stock I would look at, it would be Intel today," Neuhauser said. Against the backdrop of these macro headwinds and intensifying competition in the sector, chip companies are looking to bolster their position.
However, Goldman said there remains uncertainty ahead for gold prices. "In our view, there remains a lot of uncertainty around the future path of US inflation, growth, rates and the central bank (CB)'s reaction functions." As such, the investment bank has therefore run four economic scenarios, and predicted where gold prices could end up in each case. A recession with substantial rate cuts (30% probability): Gold prices spike to $2,250 per ounce – around 35% rally from Tuesday's price. Higher inflation, more hikes (20% probability): Gold prices could fall to $1,500 per ounce – around 9% drop from Tuesday's price.
The precious metal has come under pressure this year, with the dollar's big gain weighing on gold prices. I think inflation is going to win. Higher real rates imply a higher cost of carry for gold, due to increased competition from higher-yielding investments. "They are something you keep in your portfolio, because when you need them, they work and that's the history of gold and gold equities. He added that he continues to see a "very strong" market for gold and gold equities over the longer-term.
FedEx 's bleak preliminary earnings and outlook sent shockwaves through the market and stocks lower during last Friday's trade. And the World Trade Organization similarly painted a grim picture, with an August report pointing to "stagnating global trade growth." It's one of those tea leaves you can take when you look at the global economy. Investors are not entirely sure which way the global economy, inflation and growth are going. "Investors are not entirely sure which way the global economy, inflation and growth are going.
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