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☆ 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.

☆ Bank of America: Follow this 4-part strategy to double the stock market's returns for the next decade
▼ + stars: | 2023-02-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Bank of America believes small caps will beat the broader market significantly in the next decade. Small caps have outperformed their larger peers lately, and there's reason to believe the trend will continue for the next 10 years, according to Bank of America. The bull case for overlooked small capsBoth valuations and equity flows suggest that small caps are the market's best-kept secret right now. "So definitely for long-term investors, we think this is a great opportunity to overweight small caps." Hall acknowledged that concern but noted that unlike large caps, small caps have already factored in economic weakness.

☆ Morgan Stanley downgrades Affirm, says the payment firm's offerings are too narrow for its ambitions
▼ + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to step to the sidelines on Affirm following its disappointing earnings results this week, according to Morgan Stanley. Analyst James Faucette downgraded the online payments stock to equal weight from overweight, saying the scope of Affirm's offerings are too narrow. Affirm shares fell more than 3% in the premarket Friday. What's more, Affirm missed analyst expectations on both the top and bottom lines in its second-quarter earnings report. Affirm shares have increasingly come under pressure since the company's initial public offering in January 2021.

☆ Judge Questions Sam Bankman-Fried’s Access to Messaging Apps
▼ + stars: | 2023-02-09 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

A federal judge on Thursday questioned whether proposed restrictions on Sam Bankman-Fried ‘s ability to communicate were tough enough, grilling lawyers about the details of the messaging applications the FTX founder has been using. U.S. District Judge Lewis Kaplan held a hearing after federal prosecutors recently requested the judge limit Mr. Bankman-Fried, who is facing fraud charges, from accessing encrypted messaging apps after they said he contacted a potential witness in the case.

☆ A worse-than-expected recession will cause the price of homes in overvalued markets to fall 20% this year — and these 3 cities are most at risk
▼ + stars: | 2023-02-09 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are three cities where properties are overvalued and could drop by 20%. "I think it's going to continue to be a rolling recession, of which housing has already started." Many pundits expect that to change, and some are predicting that US home prices will plunge 20% in 2023. How much home values fall depends both on how long and painful the upcoming recession is and what market they're in, Polcari said. "In some parts of the country that got really overexaggerated, you could see those prices come in 20%," Polcari said.

☆ Real-estate investing in a down market: Strategies to use, how far home prices will fall, cities where prices are falling the most, which markets to invest in, and more
▼ + stars: | 2023-02-09 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

That's bad news for current real-estate investors, and probably good news for prospective ones. On the other hand, it's potentially good news for prospective real-estate investors who have been sitting on the sidelines waiting for better deals. Below is a list of Insider stories to help navigate the current real-estate investing landscape as prices fall. They see US home prices falling another 6% in 2023, putting peak-to-trough declines at around 10%. Justin Sullivan / Getty ImagesOne of the most common financing strategies real-estate investors use to build up a portfolio is the BRRRR method: buy, rehab, rent, refinance, repeat.

☆ LeBron James Fans Spent Big to See Him Make History on Thursday. They Picked the Wrong Game.
▼ + stars: | 2023-02-08 | by ( Alyssa Lukpat | Jennifer Calfas | ) www.wsj.com time to read: 1 min

John Larson lives in Utah, but he really wanted to be in Los Angeles to watch LeBron James make history. Mr. Larson, 54 years old, and his 24-year-old son, Adam, had studied Mr. James’s stats and took a gamble that this week the NBA star would break the league’s all-time scoring record.

☆ The 'Chosen One' fulfils destiny as James claims scoring record
▼ + stars: | 2023-02-08 | by ( Steve Keating | ) www.reuters.com time to read: +6 min

[1/3] Feb 7, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) celebrates after breaking the all-time scoring record in the third quarter against the Oklahoma City Thunder at Crypto.com Arena. For almost four decades fellow Lakers great Abdul-Jabbar had owned the mark and watched as James climbed the scoring table. The Chosen One, now widely referred to as "King James," finished the night with 38 points, bringing his career total to 38,390. The scoring record adds new fuel to the debate over who is the greatest basketball player ever, James or Jordan. "Me personally, I'm going to take myself against anybody that has ever played this game," said James after setting the record.

☆ Dallas, Las Vegas, and these 13 other cities are the best markets for homebuyers as prices continue to decline in 2023
▼ + stars: | 2023-02-08 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are the 15 most attractive markets for homebuyers in 2023, according to Knock. US home prices are widely expected to fall in 2023 as the housing market's historic boom fades. Mortgage rates have fallen significantly in recent months but remain far higher than they were during the housing market's glory days. "Home shoppers will not see significant price declines in a majority of the 100 largest housing markets," Knock's report read. Below are the 15 best markets for homebuyers in 2023, according to Knock, along with the median price, expected changes in sale prices and growth, months of available supply, and expected sale price-to-list price ratio.

☆ Ex-Coinbase Staffer Pleads Guilty in First Crypto Insider-Trading Case
▼ + stars: | 2023-02-07 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

A former Coinbase Global Inc. employee pleaded guilty Tuesday to two counts of conspiracy to commit wire fraud for his role in what prosecutors said was the first cryptocurrency insider-trading case. Ishan Wahi , 32 years old, told U.S. District Judge Loretta Preska that he had conspired with others to misappropriate valuable confidential information that he gained from his job at Coinbase. His brother, Nikhil Wahi , and an associate then used that information to make trades on digital tokens, he said.

☆ Make these 4 undervalued investments now while the stock market rally unwinds after a red-hot jobs report, according to the investment chief at Cambria Funds
▼ + stars: | 2023-02-07 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

The economist continued: "And it's not the level of the unemployment rate that matters as far as the economic cycle is concerned — it's the change in the unemployment rate. He told Insider in a recent interview that investors should target value stocks and foreign equities, specifically Chinese stocks and those in emerging markets. For most of the past decade, value stocks were unloved while growth names went on an explosive rally. But now value stocks have made a major comeback, while growth picks have melted down. When picking stocks, Faber said he's especially interested in two qualities: a stock's valuation and momentum.

No one thought LeBron James would overtake Kareem Abdul-Jabbar to become the N.B.A.’s career scoring leader when he came to the league as an 18-year-old. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar. Table showing the scoring totals for Kareem Abdul-Jabbar and Lebron James, broken down by type of shot. Career points by age for top 250 scorers Line chart showing career points for the top 250 scorers in N.B.A. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar.

☆ Hong Kong can help international investors enter Middle East markets: Former HKEX exec
▼ + stars: | 2023-02-07 | 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 EmailHong Kong can help international investors enter Middle East markets: Former HKEX execJames Fok, an independent consultant who was senior executive at Hong Kong Exchanges and Clearing from 2012 to 2021, says Hong Kong must, as a financial center, find a way to complement what Middle Eastern financial centers can already do for themselves.

☆ Former heavyweight champion Joshua to return to ring in April
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Boxing - Oleksandr Usyk v Anthony Joshua - WBA, WBO and IBF heavyweight world title - King Abdullah Sports City Arena, Jeddah, Saudi Arabia - August 20, 2022 Anthony Joshua after losing his fight against Oleksandr Usyk Action Images via Reuters/Andrew Couldridge/File PhotoLONDON, Feb 6 (Reuters) - Britain's former twice world heavyweight champion Anthony Joshua will make his ring return in London on April 1 against American Jermaine Franklin, promoters Matchroom and DAZN said on Monday. The fight at the 02 Arena will be the first time in nearly seven years that Joshua, 33, has fought without a world title at stake. The Briton has not fought since his second straight loss to Ukraine's WBA, WBO, IBF and IBO champion Oleksandr Usyk in a title rematch in Saudi Arabia last August. "Mentally and physically I feel ready," said Joshua, who has a new trainer in Derrick James for the fight against a 29-year-old opponent. Franklin, who has a 21-1 record with 14 knockouts and whose first defeat was on points to Britain's Dillian Whyte at Wembley Arena last November, said Joshua had "had his time".

☆ These are the 10 easiest cities to find a home in this year as housing inventory improves and mortgage rates continue to fall
▼ + stars: | 2023-02-05 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

But the housing market remains tight nationwide, with supply down 42% from early 2020. Freddie MacThere's also mounting evidence that the once-scorching housing market has begun to cool off. By year's end, Knock expects there to be 34 buyer's markets and 34 seller's markets in the nation's 100 largest metro areas, with the remaining markets neutral. 10 markets that are easiest to buy a home inHowever, with supply stubbornly tight in many markets, buyers still face stubbornly high home prices. KnockBelow are the 10 US real estate markets that will see the fastest home inventory growth in 2023, according to Knock.

☆ NBA roundup: Giannis' triple-double sparks Bucks to 7th straight win
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +9 min

Khris Middleton scored 24 points off the bench for the Bucks, who won their seventh straight game. Tyler Herro added 24 points despite shooting just 2 of 8 from 3-point range, and Bam Adebayo recorded a double-double of 16 points and 11 rebounds. Jalen Brunson scored 41 points, three shy of his career high, while Julius Randle posted 28 points and 11 rebounds for the Knicks. De'Andre Hunter scored 20 points and Clint Capela had 12 points and 11 rebounds. DeMar DeRozan collected 27 points, seven assists and seven rebounds, and Nikola Vucevic had 23 points and 11 rebounds.

☆ BMO: These 15 top stocks will continue to outperform the market as an explosive rally for small caps gains momentum
▼ + stars: | 2023-02-04 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Small caps have outperformed their larger counterparts during a broader market rally. BMO Capital Markets shared its 15 favorite small stocks to buy right now. High-flying energy stocks have taken a breather recently while beaten-down technology companies, international equities, and small caps have made a comeback. Below are the 15 small-cap stocks that BMO Capital Markets recommends most right now, along with the ticker, market capitalization, and price-to-earnings (P/E) ratio for each. All except one of these stocks rose last month, wrote Brian Belski, the firm's chief investment strategist, in a February 1 note.

☆ FBI Investigating George Santos Over Alleged Fundraising Scheme
▼ + stars: | 2023-02-03 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Rep. George Santos (R., N.Y.) is under state and federal investigations for false statements he made during his campaign. The Federal Bureau of Investigation is looking into a U.S. Navy veteran’s accusations that New York Rep. George Santos scammed him out of $3,000 from an online fundraising campaign set up to help his dying dog years ago, the veteran said. Richard Osthoff, 47 years old, said last month that Mr. Santos ran a pet charity in 2016 that offered to help him raise donations to pay for a surgery to remove a tumor from his dog, Sapphire. After donations flowed in through a GoFundMe campaign, Mr. Osthoff said, Mr. Santos refused to provide the money for the dog’s care and stopped communicating with him.

☆ FBI Looking Into George Santos Over Fundraising Accusations
▼ + stars: | 2023-02-03 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

☆ Buy these 6 cheap stocks now to take advantage of a perfect setup for contrarian investors, according to a leading international fund manager
▼ + stars: | 2023-02-03 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Contrarian fund manager Krishna Mohanraj is bullish on international stocks despite recession fears. That contrarian approach has worked wonders for Mohanraj's Diamond Hill International Fund (DHIAX) recently. Over the last three months, Mohanraj's fund is up about 20% amid a long-awaited comeback for international stocks. 2 tailwinds that will send global stocks soaringMohanraj believes that foreign stocks' recent momentum will continue, even though the global economy is flirting with a recession. In fact, the fund manager described the current environment for international stocks as an "active investor heaven."

☆ Uncertain Economy Spurs Growth in AI-Powered Office Automation
▼ + stars: | 2023-02-02 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Corporate technology leaders are leaning on artificial intelligence and other software automation tools to help companies grow without hiring additional workers anytime soon. Diogo Rau, chief information and digital officer at Eli Lilly. The reports are often filled with scientific terms that require professionals to decipher, Mr. Rau said. Similarly, Mr. Rau is applying natural-language models to produce in-house clinical reports, replacing on-staff medical writers. All told, Gartner expects global enterprise spending on AI and other software automation systems this year to reach $728.9 billion, up from $643.3 billion in 2022.

☆ 8 investments to make now as the Federal Reserve risks a recession by going 'way overboard' in raising interest rates, according to 7 top economists and strategists
▼ + stars: | 2023-02-02 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.

☆ ‘I will veto everything they send me.’
▼ + stars: | 2023-01-31 | by ( James Freeman | ) www.wsj.com time to read: +1 min

At first blush the idea may sound intriguing to those who favor small government. But this Biden promise is sure to be broken once someone explains to the President that his beloved spending bills—and all other kinds of bills—have to pass both houses of Congress before becoming law. Perhaps the White House will be issuing a correction, as it did for another part of the Thursday speech. Foolish and false presidential comments are not exactly news, but Mr. Biden’s Thursday remarks were striking. Just warming up with his standard distortions early in the address, here’s how the President reacted to the news of slowing GDP growth in the fourth quarter of 2022:

☆ FTX’s Sam Bankman-Fried Sought Leniency From Foreign Regulators, Says Justice Department
▼ + stars: | 2023-01-31 | by ( James Fanelli | Vicky Ge Huang | ) www.wsj.com time to read: 1 min

FTX founder Sam Bankman-Fried attempted to stall bankruptcy proceedings in the U.S. in November in order to transfer assets from his crypto exchange to foreign regulators, the Justice Department alleged in a filing Monday. Mr. Bankman-Fried hoped foreign regulators would treat him leniently and eventually allow him to regain control of FTX, according to federal prosecutors. FTX’s lawyers wanted to secure the assets for bankruptcy at the time he was trying to move the money, the prosecutors said.

☆ New York wants Trump sanctioned over his 'meritless' claims, including that Trump Org doesn't really exist
▼ + stars: | 2023-01-31 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump, his family, and Trump Org made 'meritless' responses to NY's 2022 fraud lawsuit, the AG says. Trump claimed Trump Org can't be named in the AG's suit because it does not exist as a legal entity. On Thursday, Trump objected to the attorney general's use of the words "Trump Organization," and then blanket-denied everything else in the 29th paragraph. The attorney general's demand for sanctions will be heard Wednesday in Engoron's Manhattan courtroom. The second — for allegedly making "frivolous" claims against the attorney general's office — was ultimately rejected by Engoron.

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