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☆ Analysis: CATL's 'price war' shows its power, and China's EV edge
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +6 min

"It's very much a market share game," said Caspar Rawles, chief data officer at Benchmark Mineral Intelligence. Contemporary Amperex Technology Co Ltd - more widely known by its initials - is the dominant global supplier with a 37% share of the EV market. For CATL, the discount is a way to head off a bid by Chinese EV makers to seek alternatives. CATL batteries power Volkswagen's (VOWG_p.DE) I.D. "The reductions that CATL is offering would help the Chinese EV industry," said James Frith, a principal at battery-tech focused venture capital group Volta Energy Technologies.

☆ Buy these 7 value stocks to help your portfolio thrive during 'economic purgatory,' according to the manager of a $17 billion fund
▼ + stars: | 2023-02-25 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Detailed below are seven top stocks to buy now, according to the $17.5 billion value fund manager. The silver lining is that most Wall Street firms think the economy will experience a soft landing, which would be characterized by a mild downturn. This means buying value stocks that will both succeed amid a soft landing, as well as those poised to benefit from the more extreme event of a full-blown recession. Overall, he sees the group as attractively valued, especially in a soft landing scenario. Below are seven of Linehan's favorite value stocks to own in this environment along with the ticker, market capitalization, sector, and thesis for each.

☆ NBA roundup: Malik Beasley leads revamped Lakers to win
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +8 min

Anthony Davis scored 12 points with 12 rebounds for Los Angeles. Klay Thompson scored 22 points and Ty Jerome added 20 for the Warriors, who were without Stephen Curry (leg) and Andrew Wiggins (personal). Evan Mobley had 31 points and nine rebounds, Donovan Mitchell and Darius Garland scored 22 points each, and Jarrett Allen had 14 points and 13 rebounds for the Cavaliers. Tatum had 31 points, 12 rebounds and seven assists. Anunoby returned from a wrist injury to score 12 points, but Toronto was without Fred VanVleet (personal).

☆ 5 contrarian investments to make now to profit as stocks defy the bears and go on a surprise rebound rally, according to a Fidelity strategy director
▼ + stars: | 2023-02-24 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Stocks have given up much of their year-to-date gains after a furious rebound rally to start 2023. Here are five contrarian investments to make if stocks rally despite a recession. Denise Chisholm, the director of quantitative market strategy at Fidelity Investments, has chosen the latter. If that's the case, Chisholm thinks stocks could enjoy a bear-defying relief rally this year. Investors looking to get exposure to Chisholm's preferred sectors can consider the following exchange-traded funds (ETFs): the Consumer Discretionary Select Sector SPDR Fund (XLY), the Financial Select Sector SPDR Fund (XLF), the Industrial Select Sector SPDR Fund (XLI), the Materials Select Sector SPDR Fund (XLB), and the Health Care Select Sector SPDR Fund (XLV).

☆ Sam Bankman-Fried Faces More Criminal Charges From Federal Prosecutors
▼ + stars: | 2023-02-23 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Federal prosecutors on Thursday unveiled a new indictment against Sam Bankman-Fried , charging the FTX founder with additional criminal counts and making detailed allegations that he engaged in conduct that led to his exchange’s collapse. The indictment, unsealed Thursday, charges the 30-year-old Mr. Bankman-Fried with 12 criminal counts. The prior indictment, which prosecutors brought in December after a brief investigation, charged him with eight. Mr. Bankman-Fried pleaded not guilty to the prior charges. A spokesman for Mr. Bankman-Fried didn’t immediately respond to a request for comment.

☆ Ozy Media CEO Carlos Watson Arrested After a Former Executive Pleads Guilty to Fraud
▼ + stars: | 2023-02-23 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Ozy Media Chief Executive Carlos Watson was arrested Thursday morning after a former executive with whom he founded the embattled startup pleaded guilty to fraud charges in a secretive federal court proceeding. Mr. Watson was taken into custody and is expected to be arraigned in a Brooklyn, N.Y., federal court on charges of conspiring to commit securities fraud and conspiring to commit wire fraud, according to a law-enforcement official. Ozy came under federal scrutiny for its business practices after the New York Times reported in 2021 that its then-chief operating officer, Samir Rao , impersonated an executive of Alphabet Inc.’s YouTube during a fundraising call with Goldman Sachs Group Inc.

☆ Ozy Media, CEO Carlos Watson Charged With Fraud
▼ + stars: | 2023-02-23 | by ( James Fanelli | ) www.wsj.com time to read: +1 min

Ozy Media Chief Executive Carlos Watson pleaded not guilty at his arraignment Thursday and was released on $1 million bond. Ozy Media and Chief Executive Carlos Watson were indicted on charges of repeatedly lying to investors and lenders about core aspects of the company’s business, a crippling blow to a once-promising startup that had early backing from big-brand advertisers and venture capitalists. Mr. Watson, a former Goldman Sachs Group Inc. banker and MSNBC anchor who hosts some of Ozy’s television shows and podcasts, was arrested Thursday morning in a Manhattan hotel. He is accused of falsifying information about Ozy’s financial performance and audience size, altering and fabricating contracts for some of its television shows and inflating its projected earnings, in an effort to secure tens of millions of dollars in investments and loans to offset the fledgling company’s mounting debt, according to an indictment unsealed Thursday.

☆ Buy these 40 overlooked stocks offering top-tier dividend payouts that will hedge against underrated recession risk, UBS says
▼ + stars: | 2023-02-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

But UBS is still calling for a recession, which should cause more defensive quality dividend stocks to outperform. UBSLastly, UBS expects dividend growth to exceed earnings growth in 2023. Dividend growth (in gold) has historically been much less volatile than earnings growth (in blue). UBS40 high-quality dividend stocks to buyIn this environment, investors would be wise to pursue quality within dividend stocks. Below are the 40 high-quality dividend stocks to buy along with the ticker, market capitalization, sector, and expected 2023 dividend yield for each, according to UBS.

☆ ‘No Basis in Mathematical Reality’
▼ + stars: | 2023-02-22 | 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

☆ Sam Bankman-Fried’s Public Defense Shuns Traditional Legal Strategies
▼ + stars: | 2023-02-22 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

When facing criminal charges, most defendants all but glue their mouths shut before trial at the insistence of their lawyers. Sam Bankman-Fried has chosen the opposite approach. The FTX founder, whose reign as a star of the crypto world collapsed along with his exchange in November, has maintained a prominent public presence since his extradition from the Bahamas in December. The 30-year-old has launched a Substack newsletter, been active on Twitter and continued to give media interviews, in an effort to defend himself against federal charges that he stole billions of dollars from FTX customers and defrauded investors and lenders.

☆ A top-5% fund manager shares 4 reasons why he's getting optimistic about the economy after hiding nearly half of his assets in cash last summer — and details 6 of his favorite stocks to buy now
▼ + stars: | 2023-02-22 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Leading fund manager Jeff Muhlenkamp put about half of his fund into cash last summer. Last summer, Jeff Muhlenkamp was so concerned about the US economy that he put nearly half of his fund's assets into cash. But in recent months, Muhlenkamp has moved more money into select stocks — even though he acknowledges that there are still lingering risks for stocks and the economy. "You're seeing buyers come back into the market," Muhlenkamp said. Lastly, Microsoft is like Apple in that it's a mature mega-cap company with profitable businesses that produce tons of cash, Muhlenkamp said.

☆ Golf Course Living Is Paradise—Except for the 651 Balls Pelting Your House and Yard
▼ + stars: | 2023-02-21 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Erik and Athina Tenczar in 2017 bought what they thought was their forever home in Kingston, Mass., a four-bedroom colonial that sits near a left-hand dogleg on the 15th hole of the Indian Pond Country Club. To their dismay, the Tenczars soon learned that ambitious golfers regularly attempted to cut the corner, putting their house in the line of fire.

☆ U.S. Jury Convicts Mexico’s Former Top Cop of Drug Trafficking
▼ + stars: | 2023-02-21 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Judge Brian Cogan instructs the jury ahead of deliberations in the trial of Genaro García Luna earlier this month. Mexico’s former top law-enforcement officer was found guilty in a federal court Tuesday of helping the powerful Sinaloa drug cartel smuggle cocaine into the U.S.A jury in Brooklyn convicted Genaro García Luna of all five counts he faced, including engaging in a criminal enterprise and conspiring to distribute drugs. Mr. García Luna headed Mexico’s federal investigation agency and served as the country’s minister for public security from 2006 to 2012 under then-president Felipe Calderón.

☆ Buy these 16 dividend stocks to collect consistent cash payments while inflation stays high, according to a fund manager who outperformed 95% of his peers last year
▼ + stars: | 2023-02-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

"Just simply by focusing on quality companies with strong free cash flows is going to get you through any economic cycle. When looking for dividend stocks, the fund manager said it's crucial to consider a company's cash flow to ensure that it will be able to provide consistently high cash payments each quarter. "We do think it's prudent for investors to focus on — whether it's sectors as a whole or companies — strong, resilient cash flows," Morey said. "Because in an environment that we're in right now, cash is king, and cash flows are the life of companies. And without cash flows, you're tapping into other sources for capital, which is now at a much higher rate."

☆ UBS warns that a historically reliable indicator shows earnings could fall 15% — and shares 24 high-quality stocks that will be immune from the drop
▼ + stars: | 2023-02-18 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Normally, a company's earnings — what's left from revenue after subtracting all expenses — are closely tied to its money made from operations, or operating cash flow (OCF), Parker wrote. UBSWhile that sounds promising at first, the bad news for investors is that OCF is actually a more reliable measure of profitability than earnings, Parker wrote. A low accrual suggests that a company's earnings are higher quality, while a high accrual implies lower quality earnings. UBS found 24 stocks that have low earnings risk since their OCF is high relative to net income. "We combine the accruals factor with change in valuation and EPS revisions to identify stocks that have 'de-risked earnings' vs 'at-risk earnings,'" Parker wrote.

☆ Judge Seeks Tougher Bail Restrictions for Sam Bankman-Fried
▼ + stars: | 2023-02-17 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

A federal judge on Thursday voiced growing discomfort with Sam Bankman-Fried ’s bail conditions, ordering prosecutors and the defense to hammer out appropriately tough restrictions on the FTX founder’s access to electronic devices as he awaits trial on fraud charges. The command, from U.S. District Judge Lewis Kaplan , came after weeks of wrangling over the terms of Mr. Bankman-Fried’s house arrest. Federal prosecutors in January said he contacted a potential witness from his parents’ Palo Alto, Calif., home, which they said could constitute tampering. They also objected to his use of encrypted messaging applications like Signal and this week added a new concern, about Mr. Bankman-Fried accessing the internet through a virtual private network, or VPN, that obscures his location.

☆ China doesn't care about your privacy, says ZeroFox CEO James Foster
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina doesn't care about your privacy, says ZeroFox CEO James FosterJames Foster, CEO of cybersecurity firm ZeroFox, joins Morgan Brennan and the ‘CNBC Special: Taking Stock’ to discuss Chinese social media app TikTok and whether it poses a security threat.

☆ A crypto chartmaster shares why bitcoin could fall up to 50% after its massive comeback — and why he's bullish on these 4 altcoins in the long term
▼ + stars: | 2023-02-17 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Chartmaker Forrest Przybysz shared his 2023 price outlook for bitcoin and ether. Here are four altcoins that Przybysz is most optimistic about with bitcoin at risk of falling. In other words, while Przybysz's charts also indicate that ether could fall 20%, the token's potential upside of 57% is double that of bitcoin. Ether is trading above technical support but could rise substantially. Forrest Przybysz, Sistine ResearchDespite their strong showings so far this year, bitcoin and ether are still about 64% below their all-time highs.

☆ Buy these 12 stocks to profit from higher-than-expected price growth, according to an inflation fund manager who beat 96% of his competitors last year
▼ + stars: | 2023-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Top fund manager Simon Lack shared 12 top stocks to buy while inflation remains hot. The news confirmed what Simon Lack, a 37-year market veteran who runs a leading inflation fund, has long suspected: that price growth will remain an issue for investors throughout 2023 — and possibly beyond. If high inflation is the new normal, the Fed will struggle to achieve its goal of stabilizing prices, Lack said — at least not without causing a recession. His Rational Inflation Growth Fund (IGOAX) finished in the top 4% of its category in 2022 after beating its index by 14 percentage points, according to Morningstar. By contrast, his fund goes on offense by owning stocks in sectors that benefit from high prices.

☆ Two Stanford Academics Helped Secure Sam Bankman-Fried’s Release on Bail
▼ + stars: | 2023-02-15 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Two Stanford University academics helped secure FTX founder Sam Bankman-Fried’s release on bond while he awaits trial on criminal charges. Two Stanford University academics helped secure FTX founder Sam Bankman-Fried ’s release on bond while he awaits trial on criminal charges related to the collapse of the crypto exchange, according to court filings unsealed Wednesday. Stanford Law School dean emeritus Larry Kramer signed a $500,000 bond in January on behalf of Mr. Bankman-Fried while Andreas Paepcke , a senior research scientist at the university, signed a $200,000 bond, records show. Mr. Bankman-Fried’s parents are both professors at the law school.

London CNN —The European Union is setting up a working group to examine whether frozen Russian assets can be used to rebuild Ukraine. The statement added that part of this work would involve obtaining a “clearer picture” of where Russian state-owned assets are located and their value. “In principle, it is clear-cut: Russia must pay for the reconstruction of Ukraine,” Swedish Prime Minister Ulf Kristersson said. A senior EU official estimated earlier this month that the European Union and Western allies had frozen more than $300 billion in Russian central bank assets that could potentially be used to rebuild Ukraine. The European Union is also working on a tenth package of sanctions against Russia.

☆ Stocks making the biggest moves premarket: Palantir, Coca-Cola, Marriott and more
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Here are the stocks making notable moves before the opening bell on Tuesday, Feb. 14. Palantir — Shares of the software company surged 18% in extended trading after Palantir reported it made a profit in the fourth quarter, the first GAAP profit in the company's history. Marriott — The hotel stock rose nearly 2% in premarket trading after Marriott beat estimates on the top and bottom lines for the fourth quarter. Cadence Design Systems — The electronics design stock rose 5% premarket after Cadence beat estimates on the top and bottom lines for the fourth quarter, according to StreetAccount. Amkor Technology — The semiconductor stock fell about 3% premarket after Amkor's fourth quarter earnings per share came in at 67 cents, three cents below estimates, according to StreetAccount.

☆ Morgan Stanley says this fintech stock is due for a rebound after back-to-back years of losses
▼ + stars: | 2023-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Fidelity National Information Services could be in for a big jump going forward, according to Morgan Stanley. Analyst James Faucette upgraded the fintech stock to overweight from equal weight and upped his price target by $6 to $79. Fidelity National Information Services advanced nearly 2% in premarket trading on Tuesday. Faucette said the market has priced in "too draconian" of a multiple for the merchant business in recent years. The move comes as venture capital investment falls across the board, which Faucette thinks could help Fidelity National Information Services.

☆ 3 reasons why the housing market won't crash in 2023, according to the real estate research director at the National Association of Realtors
▼ + stars: | 2023-02-13 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

But the director of real estate research at the National Association of Realtors doesn't believe it. Here are three reasons why there won't be a housing market crisis this year. Renters hoping to buy a home after the US housing market collapses may be waiting a while. "Usually, the pending home sales is the indicator for the existing home sales," Evangelou said. Another near-term driver for the housing market is the seasonal trend of demand picking up in warmer months, Evangelou said.

☆ Buy these 10 stocks right now to earn steady income from dividends and gain exposure to AI while preparing your portfolio for a long recession, according to a veteran strategist
▼ + stars: | 2023-02-11 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Veteran market strategist Kenny Polcari sees stocks falling toward their December lows. Here are 10 stocks to buy now for strong dividends or exposure to trends like AI. The 40-year market veteran said the drop will come as the US economy loses steam and heads for a longer-than-expected recession. The market veteran added: "You have to prepare for what you think might be the worst and then be pleasantly surprised. Risk-averse investors should focus on stocks that pay dividends and are in recession-resistant sectors like healthcare, utilities, and consumer staples, Polcari said.

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