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☆ Goldman Sachs: These 41 historically cheap stocks will still be a bargain if a recession crushes earnings
▼ + stars: | 2022-10-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 41 cyclical stocks that are cheap right now and will remain a bargain in a recession. Valuations also appear stretched relative to both interest rates and inflation-adjusted yields on investment-grade bonds and US Treasuries, Kostin wrote — even as the economy weakens. Goldman SachsIf earnings fold in a weaker economy, cyclicals will likely continue to underperform, Kostin wrote. If next year's numbers aren't as bad as feared, economically sensitive stocks could roar higher. 41 cheap cyclical stocks to buyGoldman Sachs compiled a list of economically sensitive stocks in the Russell 1000 index that appear to be bargains — both now, and if the US economy enters a recession in the next few months.

☆ French Cement Firm Lafarge Pleads Guilty to Conspiring to Support Islamic State
▼ + stars: | 2022-10-18 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Lafarge admitted that in 2013 and 2014 it paid terrorist organizations to protect a cement facility in northern Syria. French cement firm Lafarge SA pleaded guilty Tuesday in a New York federal court to paying Islamic State and an al Qaeda affiliate to protect its Syrian cement plant, marking what the Justice Department said was the first time it has charged a company with supporting terrorist organizations. Lafarge agreed to pay about $778 million in financial penalties and serve a term of three years probation. The company and its defunct subsidiary, Lafarge Cement Syria, pleaded guilty to conspiracy to provide material support to foreign terrorist organizations.

Reyes said Hollywood films often reflected the politics of their time — and that had an influence on Latino roles. Studies by the Government Accountability Office, the University of Southern California and other groups consistently show that Latinos are underrepresented in the film industry. Just this year, UCLA’s Hollywood Diversity Report documented “enormous gains” by women and people of color, but Latino representation still lagged. Slowly but surely, we are shaking up the narrative in Hollywood.”Calderón is frustrated by the continuing practice of “brownface,” whereby Latino roles go to white actors. Sanchez cited Eugenio Derbez in “Coda” (2021) as an example of a well-written Latino film character.

☆ Buy these 12 tech stocks that are set to recover in the pivotal Q3 earnings season with investors already as bearish as they were in 2008 and 2001, says Wedbush
▼ + stars: | 2022-10-18 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Outspoken tech analyst Dan Ives of Wedbush Securities still likes software and cybersecurity stocks. Here are 12 of Ives' favorite tech stocks to own heading into the end of the year. Many investors seem to have lost hope ahead of a critically important Q3 earnings season. Markets haven't given companies the benefit of the doubt lately and investors will likely unload any stocks that report disappointing earnings, Ives noted, so executing in this challenging environment is essential. 12 top tech stocks to buyIn the note, Ives listed 12 of his favorite technology stocks to buy heading into the Q3 earnings season.

☆ CEO David Solomon Is Restructuring Goldman Sachs Again
▼ + stars: | 2022-10-18 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

David Solomon is changing up Goldman Sachs divisions like he switches tracks. Goldman Sachs's third restructuring in four years comes as insiders have been questioning the direction that Solomon is taking the storied investment bank in. But first, read Dakin's rundown of who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon. The Swiss bank's investment bank chief Christian Meissner is also set to leave the company in the coming weeks. Keep updated with the latest business news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief.

☆ Donald Trump finally gets served $250 million NY fraud lawsuit after 3 weeks — and a court order
▼ + stars: | 2022-10-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

NY's attorney general, Letitia James, sued the Trump Organization back on September 21. Reps for Donald Trump and Eric Trump finally got served, the AG said Thursday. Service took three weeks — and a judge's order — with the AG accusing Trump of 'gamesmanship.' Lawyers for all of the suit's other defendants, including Ivanka Trump and Donald Trump Jr., had meanwhile quickly accepted service. Habba and Robert have not responded to Insider's requests for comment on the delay in service of the lawsuit.

☆ Trump's secret, ugly breakup with Deutsche Bank is revealed in new allegations by NY's attorney general
▼ + stars: | 2022-10-16 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Deutsche Bank, Trump's largest single lender, forced him into a 'managed exit' last year. An excerpt from Deutsche Bank's October 29, 2020 letter to Donald Trump, Jr., raising concerns about Donald Trump's allegedly fraudulent financial statements. And then, nothingSo where's that response, Deutsche Bank's lawyer asked Trump's lawyer in an email sent on January 8, 2021, three weeks and one Capitol siege later. As for Deutsche Bank's final request for a response, "ultimately, none was forthcoming," the AG's filing from Thursday said. A Deutsche Bank spokesman told Insider he could not comment on legal claims or on client accounts.

☆ BMO: These 42 dividend stocks will provide strong income growth as inflation continues to run hotter than expected
▼ + stars: | 2022-10-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Brian Belski, the top strategist at BMO Capital Markets, just cut his S&P 500 price target. Here are 42 stocks to consider for strong dividend growth as prices continue to surge. His revised S&P 500 target implies that the index will rise by a "more realistic" 19% in the fourth quarter to finish the year at 4,300. Focus on 42 stocks with solid dividend growth as inflation runs rampantBelski and his colleagues at BMO Capital Markets have nine investing strategy portfolios that can serve as models for investors. Below are the 42 stocks that are currently in the US dividend growth portfolio along with the ticker, sector, dividend yield as of October 10, and rating from BMO analysts for each.

☆ How to invest with the S&P 500 at risk of falling up to 28% in the next 3 months as valuations contract, according to an investment chief and 5-star fund manager
▼ + stars: | 2022-10-14 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Valuations in past downturns suggest that the S&P 500 could fall another 28%. Don't be surprised if the S&P 500 plummets by up to 28% in the next three months, said Doug Ramsey, chief investment officer of The Leuthold Group, in a recent interview with Insider. "The stock market is not just a discounter of future economic activity — it's also a driver by the wealth effect and the confidence effect," Ramsey said. Ramsey added: "They acknowledged the power of the wealth effect, and they've certainly harnessed the power of the wealth effect on the way up. That means being willing to quickly pivot off an incorrect view — including if his theory that the S&P 500 will fall below 3,000 proves to be wrong.

☆ Trump's company seeks to avoid consequences from lawsuit, NY prosecutor says
▼ + stars: | 2022-10-13 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 13 (Reuters) - Donald Trump's family company is trying to restructure itself to avoid potential consequences from a lawsuit accusing the Trump Organization, Trump and three of his adult children of fraud, New York state Attorney General Letitia James said on Thursday. James said the Trump Organization on the date of the lawsuit registered a new Delaware-incorporated company named "Trump Organization II" with New York authorities. She said the Trump Organization has not provided assurances it will not seek to move assets out of New York. Lawyers for Trump's children and the Trump Organization did not immediately respond to requests for comment. Manhattan District Attorney Alvin Bragg has separately charged the Trump Organization with criminal tax fraud, and is preparing for an Oct. 24 trial.

☆ Goldman Sachs: Make these 25 trades now to profit in what might be a rocky Q3 earnings season
▼ + stars: | 2022-10-13 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Q3 earnings estimates have been cut by 6% in the past six months. Goldman Sachs recommended 25 options trades to profit from high volatility. With preparation and a bit of luck, investors can score gains regardless of what the new Q3 earnings season brings by trading stock options. "Single stock options suggest elevated fear is priced in," wrote John Marshall, a Goldman Sachs managing director who covers stock options, in an October 12 note. 25 top options trades to make nowBelow are 25 options trades that Goldman Sachs recommends making during the Q3 earnings season.

☆ Explainer: How are life insurers coping in LDI storm?
▼ + stars: | 2022-10-13 | by ( Carolyn Cohn | ) www.reuters.com time to read: +3 min

LONDON, Oct 13 (Reuters) - The focus of a gilt market storm has been around pension schemes' use of liability-driven investments (LDI), many of which are highly leveraged. Life insurers also use LDI strategies in their provision of annuities, which pay a fixed income for life. HOW HAVE LIFE INSURERS PERFORMED? Life insurers were more likely to have hedged their positions with physical financial instruments, rather than with derivatives, analysts say. WHAT DOES THE FUTURE HOLD FOR LIFE INSURERS?

☆ Top Prosecutor in Hunter Biden Probe Is Veteran of Sensitive Cases
▼ + stars: | 2022-10-12 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Hunter Biden has been under investigation. He has said he was confident that a review would show he acted legally. The U.S. attorney overseeing the long-running investigation into President Biden’s son, Hunter Biden , has a depth of experience in handling politically sensitive cases and built a reputation as an evenhanded prosecutor. David Weiss, Delaware’s top federal prosecutor, is leading a team weighing whether there is enough evidence to charge the younger Biden with tax crimes and a false statement related to a gun he purchased, The Wall Street Journal reported last week.

☆ Who Let Retirees Move on Campus at Arizona State?
▼ + stars: | 2022-10-12 | by ( James Fanelli | Photographs Caitlin O Hara For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/who-let-retirees-move-on-campus-at-arizona-state-11665583186

☆ Goldman Sachs: Buy these 50 quality stocks for continued outperformance during a pivotal stretch for markets as the Q3 earnings season kicks off
▼ + stars: | 2022-10-12 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Goldman Sachs is cautious about stocks but doesn't see a recession as inevitable. Here are 50 quality stocks to buy now to protect your portfolio from downside. Bad economic news encouraged the Federal Reserve to keep interest rates low, which caused the prices of risk assets to soar. Goldman Sachs is urging caution in the face of this gloomy backdrop. That's about how much the index should fall in a recession, according to Goldman Sachs — and such a downturn is still no guarantee.

Ukraine has accused Russia of deploying missiles made by MMZ Avangard against ground targets since Russia launched what it terms its "special operation" on Feb. 24. "Extreme equipment is used on Russian warships," the complaint said, "in communications systems." "It was necessary to use a cover because the Russian company is blacklisted in the U.S.," one of the people familiar with the shipments said. The executive said he had never heard of Extreme or of DEMZ buying Extreme equipment for itself or on behalf of others. Like MMZ Avangard, United Shipbuilding has been listed as a "blocked" entity by the U.S. Treasury since July 2014.

☆ New York Terror Attack Defendant Faces Rare Federal Death-Penalty Trial
▼ + stars: | 2022-10-11 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

An alleged terrorist charged with killing eight people in Manhattan will be on trial for his life beginning this week, in a rare case in which federal prosecutors are seeking a death sentence. Sayfullo Saipov , an Uzbek man who lived in New Jersey, is accused of intentionally driving a truck into a bicycle path in 2017 to run over cyclists and pedestrians. He was inspired by Islamic State to carry out the attack, prosecutors say. The presiding judge will begin questioning prospective jurors Tuesday.

☆ Bank of America: History says this seasonal investing strategy has a 100% success rate in down years, and these 28 lagging stocks could benefit most from it
▼ + stars: | 2022-10-11 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Tax-loss harvesting is a popular investing strategy at this time of year. Here are 28 lagging stocks that could see big gains, according to Bank of America. However, history teaches that there is a tactic that has a perfect 100% track record of success when the S&P 500 is down through October, according to Bank of America: buying stocks that are tax-loss harvesting candidates. Tax-loss harvesting is an investing strategy used to make stock market losses less painful. 28 beaten-down buy-rated stocks that could bounce backBank of America recently identified 159 buy-rated stocks that are tax-loss harvesting candidates and could be set to rebound from November through January.

☆ XPO Logistics Names CFO Ahead of Planned Spinoff of Freight Brokerage Business
▼ + stars: | 2022-10-10 | by ( Kristin Broughton | Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

XPO Logistics Inc. named a new finance chief ahead of the planned spinoff of its freight brokerage business later this year, part of an ongoing effort to split the sprawling transportation company into smaller pieces. Carl Anderson will take over as chief financial officer on Nov. 8, Greenwich, Conn.-based XPO Logistics said Monday. XPO Logistics in 2021 spun off its supply-chain business GXO Logistics Inc., which provides services such as warehousing and e-commerce. XPO Logistics reported a total profit of $141 million during the quarter, down 10% from a year earlier. During his tenure as finance chief, Mr. Tulsyan played a key role in the spinoff of the GXO supply-chain business.

☆ XPO Logistics Appoints CFO, Assembles Board
▼ + stars: | 2022-10-10 | by ( Kathryn Hardison | ) www.wsj.com time to read: +1 min

XPO Logistics Inc. has assembled its board of directors and appointed a chief financial officer as it proceeds with plans to spin off its tech-enabled brokered transportation platform. Brad Jacobs will serve as executive chairman, and Johnny C. Taylor Jr., Allison Landry, Jason Aiken and Michael Jesselson will remain as directors, the company said. Three additional directors were named to the board: Bella Allaire, the executive vice president of technology and operations with Raymond James Financial; Mario Harik, future chief executive officer of XPO following the spinoff; and Irene Moshouris, the senior vice president and treasurer of United Rentals. XPO Logistics appointed Carl Anderson as its chief financial officer. Mr. Anderson most recently served as CFO of Meritor Inc., a global supplier of OEM and aftermarket parts for commercial vehicle and industrial markets, XPO Logistics said.

☆ NY AG accuses Donald Trump and his son Eric of 'gamesmanship' for allegedly dodging service of her massive fraud lawsuit
▼ + stars: | 2022-10-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

NY Attorney General Letitia James sued Donald Trump, his family and his business on September 21. As of Friday, Donald Trump and Eric Trump had yet to formally accept service of the lawsuit, court documents say. The AG is already accusing the Trumps of 'gamesmanship' in the lawsuit, which alleges massive fraud. But two defendants remained unserved, the filing shows — Donald Trump and his son Eric Trump, who has been most hands-on in running the Trump Organization since his father won the 2016 election. Habba, two attorneys for Eric Trump, and the AG's office did not immediately respond to requests for comment.

☆ The lead portfolio manager of a $36 billion fund shares the investing process that's helped him outperform 94% of competitors in the past 15 years
▼ + stars: | 2022-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The Columbia Dividend Income Fund has topped 94% of competing funds in the past 15 years. Focus on dividend stocks with two specific qualities instead of prioritizing high yields, he said. Mike Barclay is a lead portfolio manager of the $36 billion Columbia Dividend Income Fund (GSFTX), a fund that has beaten 94% of peers in the past 15 years, according to Morningstar. How to profit from dividend investingThe philosophy behind Columbia Threadneedle Investments' high-performing dividend fund has been in place since 2004, Barclay said. Columbia Threadneedle InvestmentsBesides free cash flow, Barclay said he prioritizes firms with robust balance sheets as a way to manage risk.

☆ Goldman Sachs: These 40 stocks have the most upside right now as the early October market rally unwinds
▼ + stars: | 2022-10-09 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

October is historically the most volatile month for stocks, so more market swings may be ahead. Goldman Sachs listed the 40 stocks with the highest upside, based on the firm's price targets. So far, October is living up to its reputation as the year's most volatile month for stocks. In an early October note, Goldman Sachs listed the 40 stocks that were the furthest below their analysts' price targets right now. Those targets imply that all of the stocks listed below have at least 50% upside as of September 30.

☆ The US housing market slowdown will last longer that originally expected as pending home sales fall off a cliff, says the top economist at the National Association of Realtors
▼ + stars: | 2022-09-29 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here's what Yun expects for mortgage rates, home sales, and home prices in 2023. A one percentage point rise in mortgage rates may not sound like much, but it's a monumental shift. And while it's not his base case, Yun said that 8% mortgage rates can't be ruled out if already-high inflation "gets out of hand." "If mortgage rates moderate and the economy continues adding jobs, then home buying should also stabilize." Expensive markets like San Francisco, Los Angeles, New York City, and Seattle are among the cities that are most sensitive to higher mortgage rates, Yun said.

☆ Before Crypto Lender Celsius Crashed, CEO Alex Mashinsky Was Known for Big Ideas and Battles
▼ + stars: | 2022-09-28 | by ( James Fanelli | Vicky Ge Huang | ) www.wsj.com time to read: 1 min

For some 30 years, Alex Mashinsky barreled into whatever was the hot technology of the time, promising revolutions in long-distance calling, airport rides and, most recently, crypto. He often left a trail of unhappy friends, colleagues and investors. His latest venture, Celsius Network LLC, pitched itself as both safe and subversive. It was a way for regular people to tap the moneymaking potential of crypto, and to upend traditional banking. Last month, Celsius filed for bankruptcy protection, and its customers worry they might never get their money back.

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