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☆ Chart patterns suggest that these 6 investments are about to rocket higher while the rest of the market struggles in 2023, according to a veteran chartmaster
▼ + stars: | 2023-01-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The S&P 500 has more downside than upside at current levels, according to chartmaster David Keller. US stocks are off to a promising start in 2023 and look poised for a solid rebound after a difficult 2022, according to David Keller, the chief market strategist at StockCharts.com. The S&P 500 is in a long-term downtrend and is currently range-bound, as evidenced by its lower highs and higher lows. David Keller, StockCharts.comThe S&P 500 has traded between 3,800 to 4,100 since late October and will be stuck in that range for the next month or two, Keller said. But while monetary policy tends to steal the headlines, Keller believes technical resistance remains just as big of an issue for investors.

☆ Sam Bankman-Fried’s Lawyers Are Veterans of Ghislaine Maxwell and ‘El Chapo’ Cases
▼ + stars: | 2023-01-09 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

A pair of attorneys defending FTX founder Sam Bankman-Fried against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases, including ones involving drug lord “El Chapo” and disgraced socialite Ghislaine Maxwell. Mark Cohen and Christian Everdell , former federal prosecutors who are now partners in the New York-based boutique firm Cohen & Gresser, are known for an unflashy, roll-up-their-sleeves style to cases, with a meticulous and persistent approach to building a defense, lawyers who know the men say. The pair are up against hard-charging Justice Department lawyers who moved quickly to indict Mr. Bankman-Fried after FTX’s collapse and secured two of his former top lieutenants as cooperating witnesses.

☆ Sam Bankman-Fried’s Defense Team Led by Battle-Tested Lawyers
▼ + stars: | 2023-01-09 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

A pair of attorneys defending FTX founder Sam Bankman-Fried against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases, including ones involving drug lord El Chapo and disgraced socialite Ghislaine Maxwell. Mark Cohen and Christian Everdell , former federal prosecutors who are now partners in the New York-based boutique firm Cohen & Gresser, are known for an unflashy, roll-up-their-sleeves style to cases, with a meticulous and persistent approach to building a defense, lawyers who know the men say. The pair are up against hard-charging Justice Department lawyers who moved quickly to indict Mr. Bankman-Fried after FTX’s collapse and secured two of his former top lieutenants as cooperating witnesses.

☆ A senior strategist at UBS Global Wealth Management says that stock losses are just getting started. Here's when the pain will end and a recovery will begin — and 6 ways to protect your money in the m
▼ + stars: | 2023-01-07 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Nadia Lovell, a senior US equity strategist at UBS Global Wealth Management, is wary of stocks. Nadia Lovell of UBS Global Wealth Management has a knack for nailing stock market calls. In mid-August, the senior US equity strategist warned that the latest stock market rally couldn't be trusted. Markets are currently expecting 5% earnings growth in 2023, but should instead brace for an earnings recession, Lovell said. "And so we find it difficult to see that we get earnings growth this year.

☆ Goldman Sachs: These 40 stocks have at least 34% upside right now while the rest of the market struggles for gains in 2023
▼ + stars: | 2023-01-07 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Goldman Sachs sees limited upside for the S&P 500 in 2023 as earnings stay flat. Here are 40 stocks that Goldman Sachs analysts believe have the most upside right now. US stocks got off to a choppy start in the first week of 2023, and Goldman Sachs thinks the volatility is only just getting started. But even modest gains are no guarantee this year, given that Goldman Sachs is also calling for flat earnings growth. 40 high-upside stocks to buyHowever, Goldman Sachs still sees attractive investing opportunities in this turbulent market.

☆ Buy these 10 top tech stocks before the sector rises 20% this year by cutting costs and crushing low expectations, according to Wedbush
▼ + stars: | 2023-01-06 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Technology analyst Dan Ives of Wedbush Securities is still bullish on the tech sector in 2023. Here are Ives' favorite 10 tech stocks to own right now. But instead of unloading tech stocks, Ives believes that now is the time to pounce. Lower costs and resilient revenue will help tech companies top a relatively low bar for estimates, Ives wrote. 10 top tech stocks to buy in 2023While Ives is bullish on tech broadly, he sees some industries within the sector as especially enticing.

☆ Celsius Co-Founder Sued by New York Attorney General
▼ + stars: | 2023-01-05 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

New York Attorney General Letitia James filed a civil lawsuit Thursday against Alex Mashinsky, alleging the co-founder of bankrupt crypto lender Celsius Network LLC defrauded investors out of billions of dollars of digital currency. The lawsuit alleges that the former chief executive made false statements to investors about the soundness of Celsius’s financial condition then concealed its dire situation when the lender lost hundreds of millions of dollars in risky investments. Mr. Mashinsky falsely claimed that Celsius was safer than a bank and only lent assets to credible entities, the lawsuit said.

☆ The private-equity firm behind Italian soccer champs AC Milan is quietly building a financial services powerhouse
▼ + stars: | 2023-01-05 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +4 min

RedBird Capital is best known as the private-equity owner of soccer club AC Milan. But the sports dealmaker is quietly building a financial services arm to rival its flashier bets. RedBird Capital is one of the buzziest names in dealmaking when it comes to sports and Hollywood. In August, the New York City-based private equity firm bought soccer club AC Milan for $1.2 billion. The firm's philosophies for financial services and sports are one and the same: taking advantage of fragmented environments with firms that have long-term recurring cash flow.

☆ Veteran economist David Rosenberg said there's 'not a snowball's chance in hell' that he'll get bullish on US stocks until this key event happens — and he's investing in these 6 assets in the meantime
▼ + stars: | 2023-01-05 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"The theme for 2023 is not recovery," Rosenberg said in a recent interview with Insider. But Rosenberg believes that the biggest sign that stocks can recover will be a bond market rally. "I think that there's not a snowball's chance in hell that we will get a bottom in the stock market without there being in advance a rally in the bond market," Rosenberg said. Rosenberg continued: "Bond yields have to come down to reestablish the equity risk premium. Outside of stocks, Rosenberg said he recommends a barbell of gold bullion and bonds.

☆ U.S. judge cuts damages imposed on organizers of 2017 'Unite the Right' rally
▼ + stars: | 2023-01-04 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

[1/4] White nationalists participate in a torch-lit march on the grounds of the University of Virginia ahead of the Unite the Right Rally in Charlottesville, Virginia on August 11, 2017. REUTERS/Stephanie KeithJan 4 (Reuters) - A federal judge cut by millions of dollars damages that were imposed on organizers of the 2017 "Unite the Right" white nationalist rally in Charlottesville, Virginia, citing a cap imposed under a local law. In November 2021, a federal jury found the organizers of the "Unite the Right" rally liable for injuries sustained by counter-protesters and awarded about $24 million in punitive damages and $2 million in compensatory damages. U.S. District Judge Norman Moon, however, ordered that the $24 million in punitive damages be reduced to $350,000, Virginia's statutory cap on punitive damages, according to a court filing of his opinion dated Dec. 30 and released on Wednesday. The rally followed months of protests over the city's plan to remove a statue of Confederate General Robert E. Lee.

☆ New York Subway Shooter Frank James Pleads Guilty to Terrorist Attack
▼ + stars: | 2023-01-04 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

A sketch shows Frank James at a plea hearing, at which he said he opened fire to cause serious bodily harm. New York City subway shooting defendant Frank James pleaded guilty Tuesday in a Brooklyn federal court to terrorism and gun charges, telling a judge that he opened fire on a crowded train to cause serious bodily harm to passengers. Mr. James, 63 years old, pleaded guilty to 11 counts, including committing a terrorist attack against a mass-transit system and discharging a firearm. He told U.S. District Judge William Kuntz that on the morning of April 12, he boarded a subway train in Brooklyn and later fired a pistol at passengers. While he intended to injure people, he didn’t want to kill anyone, Mr. James said.

☆ Here's where to invest to protect your portfolio against a recession in 2023, according to Goldman Sachs, JPMorgan, and 9 other Wall Street giants
▼ + stars: | 2023-01-04 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Top investment firms see plenty of risks to stocks and the economy this year. Here are the investment strategies Wall Street recommends following in 2023. Investors are hoping that 2023 will be a better year for markets after stocks disappointed to the downside in 2022, but Wall Street isn't convinced. Three firms think the S&P 500 will hit a ceiling at 3,900, while only one sees downside to 3,400. Below is a summary of views about stocks and the economy from each firm that Insider polled, as well as where they recommend investing in 2023.

☆ Goldman Sachs: Buy stocks in these 15 emerging market countries that are set to outperform the US as earnings weaken in 2023
▼ + stars: | 2023-01-04 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Stocks in the US and emerging markets struggled in 2022 as global growth slowed. Goldman Sachs is more optimistic about emerging markets than US names in 2023. The difficult backdrop is causing some investors to consider equities in emerging markets. 15 top emerging markets in 2023Caesar Maasry, the head of emerging markets cross-asset strategy at Goldman Sachs, listed expected 12-month returns for stocks in 23 different emerging markets countries. Each country is listed in alphabetical order along with its index, an exchange-traded fund (ETF) that tracks it, and expected earnings growth and total returns by currency in the next 12 months.

☆ Chewy Looks to Open More Automated Fulfillment Centers in Drive to Control Costs
▼ + stars: | 2023-01-03 | by ( Nina Trentmann | ) www.wsj.com time to read: +5 min

Online pet retailer Chewy Inc. plans to open more automated fulfillment centers in 2023 to control costs and raise efficiency, which could help the company repurpose certain capital spending, its finance chief said. Photo: Chewy Inc.“When we think about the future of our fulfillment network, automation is at the center of that,” Mr. Marte said. The company, which had over 21,000 employees and 13 fulfillment centers in December, usually requires about 1,200 people for a manned distribution center. “Those are real dollars,” Mr. Marte said, adding that Chewy is working to grow profits and taking out costs. Over time, the company could defer or lower some of its capital expenditures, Mr. Marte said.

☆ Police identified the Idaho killings suspect with DNA databases, multiple outlets report, and the practice is controversial
▼ + stars: | 2023-01-03 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Police were reportedly able to link the Idaho killings suspect to the crime scene with DNA. They ran DNA through genealogy databases and got a hit, anonymous law enforcement sources told ABC News. CNN reported that police then tracked the suspect back to Pennsylvania, where he was arrested. Experts previously told Insider that those who send their DNA to genealogy companies should do so with caution if they want to protect their genetic privacy. Joseph Giacalone, who used to helm the Bronx's cold case unit, told Insider last month.

☆ UBS: Buy these 23 top-rated stocks in 2023 that can survive historically weak growth
▼ + stars: | 2023-01-03 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

UBS has a 2023 S&P 500 target of 3,900 and is calling for the slowest global growth in decades. Here are 23 stocks that UBS analysts are most bullish on heading into 2023. UBS may be one of the most pessimistic firms on Wall Street heading into 2023, but the firm's analysts have still found nearly two dozen stocks that appear to be attractive investments right now. 23 stocks to buy in 2023Below are the 23 buy-rated stocks that UBS analysts are most bullish on in 2023. They're listed in alphabetical order along with their ticker, sector and industry, price target from UBS, upside to that price target as of January 3, and thesis from the analyst who covers it.

☆ Here are the 7 most important trends to watch in a highly volatile 2023, according to the chief strategist at Interactive Brokers
▼ + stars: | 2023-01-03 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Strategist Steve Sosnick is cautious heading into 2023 since interest rates are still high. A policy pivot from the Federal Reserve would jumpstart stocks, but Sosnick isn't counting on it. Here are seven top trends in markets and the economy that Sosnick is watching right now. Unlike many of his peers, Interactive Brokers' strategy chief Steve Sosnick doesn't spend his time predicting where stocks will go or recommending where to invest. In a recent interview with Insider, Sosnick gave his take on each and shared where he thinks his peers are right or wrong.

MOSCOW, Idaho -- The father of one of four slain University of Idaho students vowed Monday that when the Pennsylvania man accused of the killings finally appears in their courthouse, he and the other parents will be there to stare him down. Steve Goncalves, father of Kaylee Goncalves, speaks with NBC News. Kaylee Goncalves, one of four University of Idaho students found stabbed to death on Nov. 13. Three of the victims — Goncalves, Mogen and Kernodle — were roommates at the home where they died, police have said. Gadi Schwartz and Deon J. Hampton reported from Moscow, Idaho, Minyvonne Burke reported from Monroe County, Pennsylvania, and Corky Siemaszko reported from New York City.

☆ Here are the 6 stock market sectors that Wall Street's top firms are most bullish about in 2023
▼ + stars: | 2023-01-02 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Ten top investment firms see opportunities across sectors heading into the new year. Five of the six sectors that Wall Street is most bullish on beat the market in 2022. In 2022, the only stock market sector that finished the year in positive territory was energy, which rose nearly 58%. Insider gathered a list of sector recommendations from 10 investment firms heading into 2023 and found that there are six sectors that at least four of the firms are bullish about. Below are Wall Street's favorite sectors for the next 12 months, along with which firms are optimistic or pessimistic about them, the consensus thesis for the sectors, and commentary about the analysts' views.

☆ New State Laws Tackle Consumer Data, Cash Bail and More
▼ + stars: | 2023-01-01 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

California lawmakers have acted to restrict use of creative works, including song lyrics, as evidence against rappers and other artists facing criminal charges. The new year is poised to bring a litany of new state laws across the country, including ones addressing consumer-data privacy, cash bail and the use of rap lyrics as evidence in criminal trials. Over 24,000 bills were passed by state lawmakers in the U.S. in 2022, according to the Council of State Governments. Some have gone into effect, but many will take hold Jan. 1 or sometime later in 2023.

☆ Idaho police chief regrets lack of transparency during early stages of probe into slayings of 4 college students
▼ + stars: | 2022-12-31 | by ( Antonio Planas | Minyvonne Burke | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

A more transparent approach, Fry said, would "give a little bit of assurance to people that we've locked the scene down. The shocking crimes have captivated the nation, generating about 19,000 tips from the public that police said were crucial to the probe. A Pennsylvania judge in Monroe County, north of Allentown, on Friday ordered that Kohberger be extradited to Idaho next month, court records showed. “He should be presumed innocent until proven otherwise — not tried in the court of public opinion,” public defender Jason LaBar says in a statement, adding, “Mr. Serulneck says Kohberger came to his brewery a few times and female staff would often complain about his behavior.

The killings of four University of Idaho students in mid-November at an off-campus residence stunned the small community of Moscow, Idaho, where investigators grappled with what the town's police chief would later describe as a "very complex" case. Nov. 13At about 1:30 a.m., Goncalves and Mogen are seen ordering from a nearby food truck, according to the truck's livestream. People place flowers at a memorial in front of a campus entrance sign for the University of Idaho in Moscow, Idaho on Nov. 16. Nov. 18Police say the victims were most likely asleep when they were slain, and some of them had defensive wounds. Nov. 30A vigil is held at the University of Idaho in honor of the victims, with some family members in attendance.

The Pennsylvania man charged in the killing of four University of Idaho students was a doctoral student at nearby Washington State University studying in the criminal justice and criminology department. Bryan Christopher Kohberger, 28, was booked into custody on an arrest warrant out of Moscow, Idaho, charging him with first-degree murder, court records show. He was listed as a Ph.D. student in the department of criminal justice and criminology at Washington State University (WSU), which is 10 miles west and just across the state line from the University of Idaho. Kohberger graduated from nearby DeSales University in 2020 with a degree in psychology and earned a master of arts in criminal justice from DeSales in the spring, DeSales University said in a statement Friday. At the time, the person identified himself a "student investigator" at DeSales University and was using a school-issued email address.

A suspect in the slayings of four University of Idaho students has been taken into custody in Pennsylvania, law enforcement sources said Friday. Bryan Christopher Kohberger, 28, was apprehended in Monroe County in northeastern Pennsylvania, law enforcement sources told NBC News. Police in Moscow, Idaho, have scheduled a news conference for 1 p.m. PT, where it is expected they will reveal more details about the November murders that stunned the small college town. Three of the victims shared the home they were killed in — Goncalves, Mogen and Kernodle — while Kernodle’s boyfriend, Chapin, was staying overnight, according to investigators. An arrest comes as a “celebration of life” was planned later Friday for two of the roommates, Goncalves and Mogen.

☆ Here's what to expect from stocks and the economy in 2023, according to Goldman Sachs, JPMorgan, and 9 other top Wall Street firms
▼ + stars: | 2022-12-27 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Here are 11 top investment firms' views on what's next for stocks and the economy in 2023. Even Wall Street's biggest bears didn't predict how disastrous 2022 would be for stocks and the economy. Heading into this year, the lowest S&P 500 price target among top investment firms was 4,400, which was set by long-time bear Mike Wilson of Morgan Stanley. The firms had 2023 year-end S&P 500 price outlooks ranging from 4,500 (an 18% gain from the current level of about 3,800) to as low as 3,400 (a nearly 11% loss). Below is the S&P 500 forecast, stock market outlook, and economic outlook from each of these major Wall Street firms, ranked from highest S&P 500 price target to lowest.

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