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☆ A top-performing fund manager shares her strategy for finding undervalued stocks hiding in plain sight — and details her 7 best investments to make right now
▼ + stars: | 2023-03-24 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

A top-performing mid-cap fund manager shared the strategy that's brought her sustained success. For over 22 years, Kimberly Scott has run the Delaware Ivy Mid Cap Growth Fund (WMGAX). Scott's mid-cap fund, which now has $5.6 billion in assets, has topped 92% of its peers over the past 15 years and ranks in the top 12% of its category so far this year, according to Morningstar. In response, the veteran fund manager is keeping up with what's going on in the economy but is mostly focused on sticking to her tried-and-true strategy for picking mid-caps. 7 top stocks to buyAfter explaining her investing method, Scott made the case for seven of the top stocks in her mid-cap mutual fund.

☆ Meta shares could rise nearly 20% ahead of an ad market recovery, KeyBanc says
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy Meta shares ahead of an advertising market recovery, KeyBanc said. "Our view is that companies with product cycles ... and a combination of expense discipline/operational improvement/controversy (META, GOOGL, PINS) stand best positioned to benefit from an eventual recovery," Patterson wrote to clients on Tuesday. META 1Y mountain Meta shares 1-year Meta shares surged 67% this year after falling 64% in 2022. However, the analyst's $240 price target means Meta shares could jump another 18% from Tuesday's closing price of $202.16. "We believe companies making aggressive cost cuts while investing judiciously in future growth opportunities are well positioned for the cycle," Patterson wrote.

☆ Here are Wednesday's biggest analyst calls: Meta, Charles Schwab, Apple, Spotify, Tesla & more
▼ + stars: | 2023-03-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Barclays reiterates Charles Schwab as equal weight Barclays said Street estimates are too high for Charles Schwab. Guggenheim upgrades Spotify to buy from neutral Guggenheim said Spotify shares present an attractive investment opportunity. Barclays upgrades Nike to overweight from equal weight Barclays upgraded the apparel giant after its strong earnings report on Tuesday. " Barclays reiterates Nvidia as overweight Barclays said Nvidia is still the "king" of AI after the company's GTC conference event Tuesday. Goldman Sachs reiterates Tesla as buy Goldman said Tesla is a key beneficiary of the Inflation Reduction Act.

☆ Morgan Stanley downgrades Chipotle, slashes price target on worries about foot traffic
▼ + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Morgan Stanley has grown more cautious on fast-casual name Chipotle after its data showed waning foot traffic. The firm downgraded shares from overweight to equal weight and cut its price target to $1,664 from $1,847 in a Tuesday note. Traffic slump In the future, Morgan Stanley will look to be more constructive on the name but sees it as more balanced today. "We think CMG remains well-positioned, but it doesn't necessarily have an edge on value." Pricing promos Chipotle may have some room to use promotional pricing in 2023 given their solid margins, but Morgan Stanley isn't sure they should take the opportunity.

☆ 'Stocks look downright cheap': These are the top 33 bargain stocks to buy heading into 2023, according to Morningstar
▼ + stars: | 2023-01-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Right now the cheapest stocks are in the communication services sector, where they are currently trading 43% below Morningstar's fair value estimates. Healthcare and real estate stocks also seem undervalued, trading 11% and 25%, respectively, below fair price estimates. Within the sector software stocks are trading at a 23% discount, semiconductor stocks are 12% undervalued, and hardware stocks are 15% undervalued, according to Morningstar sector director Brian Colello. On the other hand, consumer defensives and industrials seem to be starting 2023 off trading around fair value, while utilities stocks currently look about 5% overvalued. These stocks are listed below, along with each firm's ticker, market capitalization, sector, and price over fair value estimate.

☆ Generative AI startups were already hot with VCs. ChatGPT poured gasoline onto the fire.
▼ + stars: | 2023-01-06 | by ( Emilia David | ) www.businessinsider.com time to read: +5 min

Generative AI firms, the category that ChatGPT falls under, saw big valuations in the past year. But even before the rise of ChatGPT, the space was buzzing as generative AI companies began raising large amounts of cash from venture capital. Startups using generative AI rose eyeball-popping amounts in the past year, especially during an overall bad year for VC investments. A hot market gets even hotterInvesting in generative AI and machine learning is nothing new for VCs. Defensibility is a key concern for generative AI startups that rely on OpenAI.

Since the early days of the invasion, Mr. Putin has conceded, privately, that the war has not gone as planned. “I think he is sincerely willing” to compromise with Russia, Mr. Putin said of Mr. Zelensky in 2019. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. “I think this war is Putin’s grave.” Yevgeny Nuzhin, 55, a Russian prisoner of war held by Ukraine, in October.

☆ These pre-IPO Googlers launched a corporate coaching startup based on their experience at the company. Check out the 21-slide deck BetterManager used to raise $16 million.
▼ + stars: | 2022-12-14 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup provides corporate coaching to help employees with their career development. The startup provides a range of leadership development services, including one-to-one coaching sessions, and group and management training for navigating everything from workplace conversations to career trajectories. When the startup launched before the pandemic, it was focused on catering to mid-level employees, because they were often overlooked in coaching programs. However, the shift to remote work was a boon for BetterManager, because it strengthened the demand for employee coaching services across all levels of expertise. Some companies are more inclined towards short-term coaching sessions, while others want longer-term packages, which the startup is flexible in providing, Hanson said.

Come next year, Democrats will have unilateral subpoena power in many committees to compel investigative targets to provide documents and testimony — without needing GOP support. “Our committees will have greater oversight ability, subpoena power. Subpoena power can deal with corporate corruption and inequities, and other problems throughout the country,” he said. “And if using subpoena power becomes necessary, then that’s something we can do.”Other Democrats floated industries that could be the targets of the party's subpoena powers. “But having subpoena power for CEOs and billionaires who think they don’t have to come to Congress to explain themselves will be very valuable.”

☆ Meta shares pop 7% as Wall Street rallies around layoffs
▼ + stars: | 2022-11-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. for a virtual future. Shares of Meta jumped more than 7% Wednesday after the company announced it will lay off more than 11,000 employees. Analysts at UBS were encouraged by Meta's announcement Wednesday and said they believe the layoffs are a clear sign that the company "gets it." The analysts reiterated their buy rating on Meta shares and said they liked Zuckerberg's comment about becoming "more capital efficient" in his employee memo. "We think Meta cost reductions – across opex and capex - signals that the company hears investors, and we think the shares can move higher," they wrote in a Wednesday note.

☆ Cramer: Meta layoffs show Mark Zuckerberg 'got religion' on costs, but he must cut more
▼ + stars: | 2022-11-09 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Jim had been calling on Meta and other tech companies for months to recognize the severity of the global macro headwinds and to reduce their costs. As a knock-on effect, this capex reduction from Meta may be causing some of the pressure we're seeing in semiconductor stocks, an area that caught a bid following Meta's initial expense guide. Reduction of annual capex by at least $5 billion; instead management guided for a $2 billion 2023 capex reduction at the high-end of its previous range, as mentioned this in more detail earlier. Management initially guided for total expenses in 2022 to be in the range of $91 billion to $97 billion. Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022.

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☆ India should allow gradual rupee weakening, use fx reserves 'judiciously' - govt adviser
▼ + stars: | 2022-11-07 | by ( Shivangi Acharya | ) www.reuters.com time to read: +2 min

NEW DELHI, Nov 7 (Reuters) - India's central bank should allow rupee to depreciate gradually and use foreign exchange reserves judiciously, the government's chief economic adviser V. Anantha Nageswaran on Monday. Nageswaran comment on the rupee and foreign exchange reserves is the first official government comment since concerns about dwindling currency reserves emerged earlier this year. India's foreign currency reserves have fallen from a peak of $642 billion to $531 billion partly due to dollar sales to support the rupee. “We should in the short-run allow the rupee to depreciate gradually and we should use forex exchange reserves judiciously,” Nageswaran said at an online event. “We should augment foreign exchange reserves and that will help with any contingencies,” he added.

☆ Inflation is making it harder for U.S. households to afford monthly expenses. Here are some tips to help make ends meet
▼ + stars: | 2022-10-27 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +1 min

Soaring prices are making it hard for many Americans to afford expenses each month. Costs are rising for nearly every major expense from housing and food to medical care. Having the money that's coming in each month going out just as fast is becoming increasingly common. In the last year, wages have increased by 4.9%, as inflation jumped by over 8.2%, according to the same report. Here are some strategies that could help stretch your paycheck.

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. "There's not really a lot of difference" at this point among Fed officials' views about appropriate policy, Evans said. Evans called that "a pretty good looking soft landing." "While this does represent a noticeably softer labor market when compared with today's, these certainly are not recession-like numbers," Evans said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Howard Schneider; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ US Customs stores duplicates of travelers' phone and laptop contents — including medical records, photos, and calendar appointments — without much oversight, report says
▼ + stars: | 2022-09-19 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +2 min

US Customs preserves data from phones, laptops, and tablets seized from international travelers. The data is held for up to 15 years and can be viewed by thousands of CBP employees. "Innocent Americans should not be tricked into unlocking their phones and laptops," Sen. Ron Wyden said in a Thursday letter to the agency. Information in the database can also be referred to other law enforcement agencies like the FBI or local police departments. Hackers have previously accessed CBP online data in a cyber attack, compromising travelers' photos and license plates.

☆ Chase British Airways Visa Signature card review: Earn up to 100,000 versatile Avios points with sweet spot award prices to Hawaii and Europe
▼ + stars: | 2021-07-07 | by ( Harlan Vaughn | Read More | Read Less | ) www.businessinsider.com time to read: +38 min

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☆ Mark Zuckerberg was so scared of Google Plus he declared a company-wide 'Lockdown'
▼ + stars: | 2016-06-03 | by ( Jillian D'Onfro | ) www.businessinsider.com time to read: +2 min

The day that Google launched its social network in 2011, Facebook CEO Mark Zuckerberg called an impromptu meeting that turned into a declaration of war. Zuckerberg even turned an ancient Roman slogan into Facebook's battle cry. Garcia Martinez remembers him saying:"You know, one of my favorite Roman orators ended every speech with the phrase Carthago delenda est. In the end, Rome completely destroyed Carthage, took over its territories, and sold many of its people off as slaves. Of course, Google Plus ultimately never came close to reaching Facebook-levels of popularity — Google ended up breaking it apart last year.

Persons: Mark Zuckerberg, Zuckerberg, Antonio Garcia Martinez, Garcia Martinez, Cato, Elder, Carthage, judiciously, Garcia Organizations: Google, Facebook, Business Locations: Carthage, Roman Republic, Rome

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