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☆ Some options trades for avoiding an asset bubble and other macroeconomic troubles
▼ + stars: | 2024-01-11 | by ( Michael Khouw | ) www.cnbc.com time to read: +9 min

There are some trades for investors looking to avoid a possible asset bubble and other potholes that could be ahead. The standard 30-year fixed mortgage rate rose even further, a function of both the rising risk-free rate and the rising spread. Buying bonds has interest rate risk. Moreover, the spread between mortgage rates and Treasuries is unusually high. Risk-free rates stay static or even rise mildly, but if the spread narrows mortgage rates could fall, a tailwind for a mortgage portfolio.

Persons: There's, Murray Rothbard, Milton Friedman, Ben Bernanke, Bernanke's, Janet Yellen, Jerome Powell, Howard Marks, Charlie Munger, Berkshire Hathaway, Marks, Steve Eisman, Neuberger Berman, they've Organizations: Federal Reserve, Fed, Federal Reserve Bank, Vanguard Value, Technology, MBS Locations: U.S, deflate, Berkshire

☆ The Magnificent Seven stocks led 2023's market. Here's what the pros expect for 2024
▼ + stars: | 2023-12-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Megacap technology stocks reascended the throne in 2023 after a debilitating 2022 left some investors sour on the outlook for the industry. The stocks are really going to have to show what the next big thing is." Even as it outperformed the market, the e-commerce giant's gains were overshadowed by other large megacaps flaunting their latest AI innovations, with some worrying Amazon may be falling behind on AI technology . Semiconductor companies Intel , Broadcom and Lam Research also look attractive even if Mag 7 stocks maintain their leadership position as AI proliferates, Woods said. "It's a story that is just starting to play out and we're just going to build on it going forward," he said.

Persons: Tesla, Jay Woods, hasn't, Capital's, Woods, aren't, DoorDash, Uber, Neuberger, Dan Flax, Bard, missteps, Gene Munster, Ken Mahoney, Richard Bernstein, wouldn't, Brent Fredberg, we're Organizations: Federal, Nvidia, Amazon, Apple, Microsoft, Meta, Tesla, Freedom Capital, Asset Management, Richard Bernstein Advisors, Brandes Investment Partners, outperformance, Micron Technology, Semiconductor, Intel, Broadcom, Lam Research Locations: GOOGL

☆ WH Cybersecurity Advisor: Companies should consider the recent cyber attacks 'a wake-up call'
▼ + stars: | 2023-12-08 | 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 EmailWH Cybersecurity Advisor: Companies should consider the recent cyber attacks 'a wake-up call'Anne Neuberger, White House Deputy National Security Advisor for Cyber & Emerging Technology, joins 'Squawk Box' to discuss cyber threats to the nation's infrastructure, the series of cyber attacks over the last several weeks at water facilities and hospitals, how companies can improve their cyber infrastructure, and more.

Persons: Anne Neuberger Organizations: Companies, White House, Emerging Technology

☆ Neuberger Berman's Dan Flax reveals the one tech stock he would own long-term
▼ + stars: | 2023-12-04 | 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 EmailNeuberger Berman's Dan Flax reveals the one tech stock he would own long-termDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss the latest market trends, tech sector performance at large, why he still sees investor opportunity in a wide variety of tech stocks, and more.

Persons: Neuberger, Dan Flax, Neuberger Berman

☆ BOJ to take 'gradual & phased' approach in normalizing monetary policy
▼ + stars: | 2023-11-27 | 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 EmailBank of Japan will take a 'gradual and phased' approach in normalizing monetary policyKei Okamura of Neuberger Berman thinks Bank of Japan Governor Ueda will be "quite cautious" in monetary policy decisions.

Persons: Kei Okamura, Neuberger Berman, Ueda Organizations: Email Bank of Japan, Bank, Japan

☆ Fidelity raises $700 mln in its first bond mutual fund in China
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI/SINGAPORE, Nov 23 (Reuters) - Fidelity International has garnered 5 billion yuan ($700 million) from investors for its first fixed income mutual fund in China, deepening the asset manager's involvement in the $3.8 trillion mutual fund market. The bond fund - Fidelity's second mutual fund product in China - raised the sum mainly from institutional investors in a three-week, shortened subscription period, the money manager said. China's mutual fund industry is crowded with over 150 players, including foreign ones such as BlackRock (BLK.N), Schroders (SDR.L) and JPMorgan Asset Management. "The fundraising size is rather encouraging," due to tough competition in the local market and Fidelity's limited track record in China, said Huang, who heads Fidelity International's two-year-old China mutual fund unit. Fidelity International was formerly the international investment arm of Boston-based Fidelity Investments before being spun off.

Persons: Helen Huang, Huang, Neuberger Berman, ASIFMA, Li Gu, Samuel Shen, Tom Westbrook, Muralikumar Organizations: Fidelity International, Reuters, Fidelity, JPMorgan Asset Management, Fidelity Investments, Regulators, China Securities Regulatory Commission, Thomson Locations: SHANGHAI, SINGAPORE, China, BlackRock, Boston, Beijing, Shanghai, Singapore

WASHINGTON (AP) — Some K-12 public schools are racing to improve protection against the threat of online attacks, but lax cybersecurity means thousands of others are vulnerable to ransomware gangs that can steal confidential data and disrupt operations. Neuberger said more districts need to take advantage of programs available that would better guard against online attackers who are increasingly targeting schools. The administration announced steps over the summer to help cash-strapped schools, which have been slow to build up cybersecurity defenses. Since August, roughly 140 districts in 32 states have signed up for the program, which provides free email security and other online threat protection, she said. James Hatz, technology coordinator for Rush City Public Schools in Minnesota, said the program arrived just in time for their district, quickly stopping 100 suspicious emails from getting to staff.

Persons: Anne Neuberger, Neuberger, “ Don’t, —, James Hatz, Hatz, cybercriminals, ” Hatz, Doug Levin, Levin, ” Organizations: WASHINGTON, Clark County School District, Minneapolis Public Schools, — that's, Cybersafe Schools, Rush City Public Schools, Amazon Web Services, Federal Communications Commission, K12 Locations: Russia, Nevada, United States, Minnesota, Virginia

☆ Walmart is 'in the right place at the right time': Neuberger Berman's San Marco on consumer trends
▼ + stars: | 2023-11-15 | 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 EmailWalmart is 'in the right place at the right time': Neuberger Berman's San Marco on consumer trendsJohn San Marco, Neuberger Berman portfolio manager, joins 'Closing Bell Overtime' to talk the state of the consumer, what retail earnings say about current shopping habits, Walmart quarterly earnings and more.

Persons: Neuberger Berman's San, San Marco, Neuberger Berman Organizations: Walmart Locations: Neuberger Berman's San Marco

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ Neuberger Berman's Joseph Amato talks investing opportunities in the current market
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeuberger Berman's Joseph Amato talks investing opportunities in the current marketJoseph Amato, Neuberger Berman President & CIO, joins 'Closing Bell Overtime' to talk his investing playbook in the current market environment.

Persons: Neuberger Berman's Joseph Amato, Joseph Amato, Neuberger Berman Organizations: CIO

☆ US, South Korea, Japan to launch consultative group on North's cyber threats
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Miniatures of people with computers are seen in front of North Korea flag in this illustration taken July 19, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 6 (Reuters) - The United States, South Korea and Japan have agreed to launch a high-level consultative group on countering North Korean cyber activities that they say finance its unlawful weapons programs, South Korea's presidential office said on Monday. Anne Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, held talks with her South Korean and Japanese counterparts in Washington last week. They agreed to hold quarterly meetings under the new framework, the presidential office said. North Korea has denied allegations of hacking or other cyberattacks.

Persons: Dado Ruvic, Anne Neuberger, Camp David, Soo, hyang Choi, Gerry Doyle Organizations: REUTERS, Rights, South, Camp, United, Thomson Locations: North Korea, Rights SEOUL, United States, South Korea, Japan, Korean, Washington, United Nations, Korea

☆ US, South Korea, Japan to Launch Consultative Group on North's Cyber Threats
▼ + stars: | 2023-11-05 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

SEOUL (Reuters) - The United States, South Korea and Japan have agreed to launch a high-level consultative group on countering North Korean cyber activities that they say finance its unlawful weapons programs, South Korea's presidential office said on Monday. Anne Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, held talks with her South Korean and Japanese counterparts in Washington last week. They agreed to hold quarterly meetings under the new framework, the presidential office said. The announcement comes after the leaders of the three countries agreed at a summit in August at Camp David that they would establish a new trilateral working group for the North's cyber threats. North Korea has denied allegations of hacking or other cyberattacks.

Persons: Anne Neuberger, Camp David, Soo, hyang Choi, Gerry Doyle Organizations: South, Camp, United Locations: SEOUL, United States, South Korea, Japan, Korean, Washington, North Korea, United Nations, Korea

☆ Steve Eisman on one thing he has learned in his career and why it’s keeping him away from banks
▼ + stars: | 2023-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of the "The Big Short" fame said Thursday that one investment mantra he swears by is telling him that buying beaten-up bank stocks won't be fruitful. "One thing I've learned in my career over the years is that buying something just because it's cheap is a value trap and shorting something because it's very expensive is a death wish," Eisman said on CNBC's " Squawk Box ." Uncertainty caused by the collapse of Silicon Valley Bank earlier this year triggered outflows at other regional banks as well as larger institutions, he said. KRE YTD mountain SPDR S & P Regional Banking ETF The SPDR S & P Regional Banking ETF , which tracks 140 regional banks, has fallen about 30% this year. Apart from banks, Eisman said companies selling high-priced real estate, cars and solar panels could be under pressure as lofty interest rates could keep consumers from borrowing.

Persons: Steve Eisman, I've, Eisman, Michael Lewis, Oscar, Neuberger Berman Organizations: Regulators, Regional Banking, Regional Banking ETF Locations: Silicon

☆ Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war
▼ + stars: | 2023-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of Pennsylvania, as the school's leadership comes under criticism for whether it's doing enough to fight back against antisemitism following the start of the war between Israel and Hamas. "The Big Short" investor told CNBC's "Squawk Box" on Thursday that, after hearing fellow finance executive Marc Rowan was encouraging donors to close their checkbooks to Penn, he called the university and demanded his family's name be removed from a scholarship. "I do not want my family's name associated with the University of Pennsylvania, ever," Eisman said he told the university. Much of the frustration from donors is tied back to the Palestine Writes Literature Festival that took place on Penn's campus in September. Donors and fellow alumni signed an open letter to the university's leadership before the festival voicing their concerns about the event.

Persons: Steve Eisman, CNBC's, Marc Rowan, Eisman, Neuberger Berman Organizations: University of Pennsylvania, CNBC Locations: Israel, Penn, Palestine

☆ Steve Eisman: Fed chair Powell is 'just as confused' by all the data points as everybody else
▼ + stars: | 2023-11-02 | 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 EmailSteve Eisman: Fed chair Powell is 'just as confused' by all the data points as everybody elseSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss latest market trends, earnings season, consumer strength, the Fed's inflation fight, and more.

Persons: Steve Eisman, Powell, Neuberger Berman

☆ Neuberger Berman's Steve Eisman says students with 'free Palestine' signs should be expelled
▼ + stars: | 2023-11-02 | 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 EmailNeuberger Berman's Steve Eisman says students with 'free Palestine' signs should be expelledSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss latest market trends, and also comments on the controversy brewing around the University of Pennsylvania's response to pro-Palestinian protests.

Persons: Neuberger, Steve Eisman, Neuberger Berman Organizations: University of

☆ Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says
▼ + stars: | 2023-10-31 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

White House Deputy National Security Advisor for Cyber and Emerging Technology, Anne Neuberger, addresses cyber security during the daily press briefing at the White House in Washington, U.S. September 2, 2021. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSAN FRANCISCO, Oct 31 (Reuters) - Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. Partner countries will share a "black list" through the U.S. Department of Treasury that will include information on digital wallets being used to move ransomware payments, Neuberger said.

Persons: Anne Neuberger, Jonathan Ernst, Biden, Neuberger, Chainalysis, Zeba Siddiqui, Cynthia Osterman Organizations: White, Technology, REUTERS, FRANCISCO, White House, MGM Resorts International, Reuters, U.S . Department of Treasury, Thomson Locations: Washington , U.S, U.S, United States, Lithuania, Israel, UAE, San Francisco

☆ Tech companies are navigating through cyclical headwinds, says Neuberger Berman's Dan Flax
▼ + stars: | 2023-10-27 | 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 EmailTech companies are navigating through cyclical headwinds, says Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss the Big Tech earnings this week, how companies are facing economic headwinds, state of the digital advertising market, and more.

Persons: Neuberger, Dan Flax Dan Flax, Neuberger Berman Organizations: Email Tech, Big Tech

☆ Amazon shares surge after 3Q earnings surpass expectations. Here's what the pros say
▼ + stars: | 2023-10-27 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon shares surge after 3Q earnings surpass expectations. Here's what the pros sayJim Cramer, John Blackledge of Cowen and Daniel Flax of Neuberger Berman discussed Amazon after the company reported third-quarter earnings that beat on the top and bottom lines.

Persons: Jim Cramer, John Blackledge, Cowen, Daniel Flax, Neuberger Berman

☆ We're repositioning to get equity-like returns with a muni portfolio, says Neuberger Berman's Kroft
▼ + stars: | 2023-10-19 | 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 EmailWe're repositioning to get equity-like returns with a muni portfolio, says Neuberger Berman's KroftHolly Newman Kroft, Neuberger Berman private wealth managing director, joins 'Squawk on the Street' to discuss how the rise in yields has affected how Kroft manages the portfolio, the necessary drawdown to get excited about stocks, and what percentage of portfolios should be in alternative investments.

Persons: Neuberger Berman's, Holly Newman Kroft, Neuberger Berman, Kroft Organizations: muni

☆ We could see more steepening of the yield cure, says Neuberger Berman's Erik Knutzen
▼ + stars: | 2023-10-16 | 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 EmailWe could see more steepening of the yield cure, says Neuberger Berman's Erik KnutzenErik Knutzen, Neuberger Berman multi-asset CIO, joins 'Squawk Box' to discuss the latest market trends, the Fed' rate hike campaign, Treasury yields outlook, impact of potential government shutdown, and more.

Persons: Neuberger Berman's Erik Knutzen Erik Knutzen, Neuberger Berman

[1/2] Shadow of the supporter is pictured during the election convention of Law and Justice (PiS) party, before Sunday's parliamentary elections, in Przysucha, Poland October 9, 2023. "It is the most important election we have this year in Europe," said Viktor Szabo, portfolio manager at asset manager abrdn, adding markets had not priced in scenarios such as a hung parliament or the possibility of an early election. Such a scenario would be a key positive for both the currency and Polish equities, said Anna Zadornova, an economist at UBS. "Ultimately there is a point where you need to yield to the economics and how things are going," said Kaan Nazli, a portfolio manager at Neuberger Berman. ($1 = 0.9461 euros)Reporting by Karin Strohecker and Marc Jones, editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Kacper, Viktor Szabo, Szabo, PiS, Daniel Wood, William Blair, Anna Zadornova, Banks, Morgan, Goldman Sachs, Adam Glapinski, Kaan Nazli, Neuberger Berman, Karin Strohecker, Marc Jones, Alexander Smith Organizations: Law, Justice, REUTERS, LONDON, abrdn, European Union, JPMorgan, Reuters Graphics EU, EU, liberal Civic Coalition, UBS, Poland's, Copley Fund, Reuters, Thomson Locations: Przysucha, Poland, Europe, loggerheads, Brussels, Romania, Hungary

The 10-year yield on Thursday afternoon stood at about 4.7%, some 18 basis points from the 16-year highs touched last week. “Every time the Fed pauses, yields come down, but the market is not convinced they’re quite there yet." There's plenty of evidence that financial conditions, which reflect the availability of credit in the economy, have tightened in recent months. Credit market spreads have widened as investors demand a higher yield on riskier assets, such as corporate bonds. Fed funds futures show investors pricing in a roughly 15% chance of the central bank's raising rates next month, from around 27% last week.

Persons: Dado Ruvic, ”, Leslie Falconio, they’re, Philip Jefferson, Lorie Logan, Mark Dowding, Goldman Sachs, Edward Al, Hussainy, Neuberger Berman, Jonathan Cohn, Davide Barbuscia, Ira Iosebashvili, Megan Davies, Leslie Adler Organizations: REUTERS, Federal, . Treasury, UBS Global Wealth Management, Reuters Graphics, Dallas Fed, RBC Global Asset Management, Reuters, Treasury, Columbia, Nasdaq, Nomura Securities International, Thomson

☆ These 3 bank stocks are Wall Street's favorites heading into earnings reports for the industry
▼ + stars: | 2023-10-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Banks have suffered as interest rates linger at higher levels for longer, making the cost of borrowing money more expensive. Investors such as Neuberger Berman's Steve Eisman aren't optimistic about the sector either heading into earnings season due to higher capital requirements . Earnings per share have been growing at least 5% on average a year for the past three years, showing earnings consistency. Average analyst consensus forecasts call for nearly 13% upside from Wednesday's $122.74 close. JPMorgan also made the list, with the average analyst price target calling for close to 16% upside.

Persons: Banks, Neuberger, Steve Eisman, KeyCorp, Piper Sandler, Ebrahim Poonawala Organizations: CNBC Pro, PNC, Bank of America, JPMorgan Locations: Cleveland, Pittsburgh

☆ Balancing a Better Portfolio
▼ + stars: | 2023-10-12 | by ( Leslie Picker | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBalancing a Better PortfolioPositioning yourself for the possibility of a recession is just the beginning. A "higher for longer" interest rate environment means 60/40 investors can generate income from their bond sleeve without having to take additional equity risk — especially important for retirees who still need to keep up with inflation and be mindful of stock exposure. Neuberger Berman's Holly Newman Kroft gives her take on ways to reallocate portfolios as the tried and true 60/40 portfolio continues to evolve.

Persons: Neuberger Berman's Holly Newman Kroft

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