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☆ First Republic slumps after report of potential government backing in deal
  + stars: | 2023-03-21 | by ( ) www.reuters.com   time to read: +5 min
March 21 (Reuters) - Shares of First Republic Bank (FRC.N) tumbled 14% in extended trade on Tuesday following a report that a potential deal for the troubled bank could rely on government backing to encourage buyers. Potential government backing in a deal to save First National could involve conditions at the expense of the bank's shareholders, said Dennis Dick, a trader at Triple D Trading in Ontario, Canada. While a sale of the entire bank remains possible, First Republic is currently focused on raising capital, the third source said. First Republic's shares had surged as much as 60% on Tuesday before closing up 30%, but even so First Republic's stock has lost over 80% in value in the past two weeks. JPMorgan is advising First Republic on its options to raise capital from investors, a source familiar with the situation previously said.
☆ Watch CNBC's full interview with GAMCO Investors' Mario Gabelli
  + stars: | 2023-03-14 | 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 EmailWatch CNBC's full interview with GAMCO Investors' Mario GabelliMario Gabelli, GAMCO Investors, joins 'Closing Bell: Overtime' to discuss the collapse of Silicon Valley Bank and his greater market outlook.
☆ Billionaire investor Mario Gabelli names Textron as his defense stock pick
  + stars: | 2023-03-14 | 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 EmailBillionaire investor Mario Gabelli names Textron as his defense stock pickMario Gabelli, GAMCO Investors, joins 'Closing Bell: Overtime' to discuss his defense stock picks as well as what he sees in the sector.
☆ The market may be flat the next 2 to 3 years, says GAMCO Investors' Mario Gabelli
  + stars: | 2023-03-14 | 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 EmailThe market may be flat the next 2 to 3 years, says GAMCO Investors' Mario GabelliMario Gabelli, GAMCO Investors, joins 'Closing Bell: Overtime' to discuss the collapse of Silicon Valley Bank and his greater market outlook.
☆ What are dual-class shares and why do they matter for investors like us?
  + stars: | 2023-03-13 | by ( Paulina Likos | ) www.cnbc.com   time to read: +10 min
Alphabet (GOOGL), Meta Platforms (META), Ford Motor (F) and Estee Lauder (EL) are the four Club holdings that maintain a dual-class structure. Dual-class stock structures generally designate shares as part of Class A or Class B, with one carrying more weight than the other. Google Co-founders Sergey Brin and Larry Page took their nascent firm, now Alphabet, public in 2004 with a dual-class stock structure. Advantages A dual-class structure allows founders, C-suite executives or key investors to maintain control and execute their long-term vision for the business. Bottom line Dual-class shares are not ideal, but they're not a deal breaker either.
☆ Tesla just ignited a price war in electric vehicles. Investors should see it as an opportunity
  + stars: | 2023-02-06 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +11 min
The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.
☆ Gold hits more than 9-month high after Powell strikes dovish tone
  + stars: | 2023-02-02 | by ( ) www.cnbc.com   time to read: +2 min
Spot gold was up 0.2% at $1,953.76 per ounce, as of 0206 GMT, after hitting its highest since April 2022 earlier in the session. U.S. gold futures rose 1.3% to $1,967.50. However, Powell warned of further monetary policy tightening while noting the progress on disinflation, which he said was in its early stages. "Although Powell said rate hikes might continue, the market expects the Fed not to be drastic anymore, which is supporting gold. Gold tends to benefit in a lower interest rate environment, as it reduces the opportunity cost of holding non-yielding bullion.
☆ Gold eases as dollar ticks up, but set for fifth weekly rise
  + stars: | 2023-01-20 | by ( ) www.cnbc.com   time to read: +1 min
Meat bans, soaring gold prices and Britain voting to 'un–Brexit' could be on the cards for 2023, according to Saxo's Outrageous Predictions. Gold prices edged lower on Friday as the dollar firmed, although hopes of slower rate hikes from the U.S. Federal Reserve kept bullion on track for its fifth straight weekly gain. "The U.S. dollar is finding some form of stability and in turn we could see gold prices heading lower into next week," said Daniel Ghali, commodity strategist at TD Securities. Gold tends to gain when rate hike expectations recede because lower rates reduce the opportunity cost of holding non-yielding bullion. While there here has been an accumulation of gold by various central banks and agencies, gold ETFs held by individuals have been decreasing.
☆ Mario Gabelli says investing environment will be better in 2024, but he's finding value stocks to buy
  + stars: | 2023-01-11 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Veteran investor Mario Gabelli said the market will remain somewhat challenging until 2024, but that doesn't mean there aren't any cheap stocks to buy right now. "There'll be a terrific 2024; the outlook is pretty bright," Gabelli said Wednesday on CNBC's " Squawk Box ." Gabelli said he also finds Warner Bros Discovery attractive. "When I look at Warner Brothers that's dropped from $27 before they close that a deal with AT & T." WBD 1Y mountain Warner Bros Discovery Warner Bros Discovery has gotten some love on Wall Street this week. The Wall Street firm said it remains bullish on the long term potential and views the current risk/reward as "highly attractive."
☆ Value will outperform growth as long as Fed remains hawkish, says Gabelli Funds' Kevin Dreyer
  + stars: | 2023-01-04 | 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 EmailValue will outperform growth as long as Fed remains hawkish, says Gabelli Funds' Kevin DreyerKevin Dreyer, Gabelli Funds co-cio, joins 'Closing Bell: Overtime' to discuss why he thinks value will continue to outperform growth.
☆ Why Deere thinks satellites are the next big technology to invest in
  + stars: | 2023-01-03 | by ( Seema Mody | ) www.cnbc.com   time to read: +3 min
John Deere's Chief Technology Officer Jahmy Hindman told CNBC the world's largest agriculture equipment player is in the process of finalizing a satellite partner. As to when satellites will become in use, Hindman said Deere is "right at the cusp" of solving the connectivity problem for farmers. With more money in the bank, farmers are expected to continue spending on agriculture equipment, where John Deere remains a leader. Gabelli Funds has been a longtime investor in the agriculture equipment maker and remains bullish. The big wild card: the ongoing war in Ukraine which has sent agriculture prices skyrocketing.
☆ Mario Gabelli likes this under-the-radar industrial into 2023
  + stars: | 2022-11-22 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Gabelli Asset Management's Mario Gabelli said he's interested in CNH Industrial N.V. , a maker of agricultural and heavy construction that is under under new management. When choosing between CNH and competitor Deere & Co .'s John Deere, he said the valuation and market cap was better for the former. The company said net sales in industrial activities for 2022 would be 16% to 18% higher than the prior year. Likes energy stocks still Gabelli also said energy stocks would benefit from what he called a crisis as America has leaned on its oil reserves during the Russia-Ukraine war. He pointed to Halliburton and Dril-Quip as examples of stocks that he likes during this tumultuous period.
☆ Watch CNBC's full interview with GAMCO Investor's Mario Gabelli
  + stars: | 2022-11-22 | 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 EmailWatch CNBC's full interview with GAMCO Investor's Mario GabelliMario Gabelli, GAMCO Investors chairman and CEO, joins 'Closing Bell' to discuss Gabelli's thoughts on Bob Iger's return to Disney, the streaming service picture and much more.
☆ Don't ignore Paramount because 'short-termism' is having a challenge, says GAMCO's Gabelli
  + stars: | 2022-11-22 | 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 EmailDon't ignore Paramount because 'short-termism' is having a challenge, says GAMCO's GabelliMario Gabelli, GAMCO Investors chairman and CEO, joins 'Closing Bell' to discuss his thoughts on Bob Iger's return to Disney, the streaming service picture and more.
☆ Credit Suisse scrambles to finalise revamp as deadline looms
  + stars: | 2022-10-20 | by ( Oliver Hirt John O'Donnell Noele Illien | Oliver Hirt | John O'Donnell | ) www.reuters.com   time to read: +5 min
A clock is seen near the logo of Swiss bank Credit Suisse at the Paradeplatz square in Zurich, Switzerland October 5, 2022. Credit Suisse is also considering spinning off part of its advisory and investment banking business, which could bring in outside investors and be named First Boston, Bloomberg has reported. If such deals do not materialize or fall short of expectations, Credit Suisse will go for a capital increase, said that person. "I am more worried that Credit Suisse will be bought at a bargain price by an American bank," he said. Ray Soudah, Chairman of Swiss mergers and acquisitions specialist Millenium Associates, said disposals risked making Credit Suisse "an even greater target".
☆ Sports gambling opportunities for marketers
  + stars: | 2022-09-22 | by ( Paul Verna | ) www.businessinsider.com   time to read: +7 min
And sports gambling, which is now legal in nearly half the US, is emerging as a market opportunity for brands and broadcasters alike. Legalized sports gambling in the US will generate $2.1 billion in revenues this year. It also tallies states with active sports gambling legislation as well as those with no legislation or dead legislation. As of May 2021, sports gambling was legal and active in 21 states plus the District of Columbia. In addition, MGM Resorts International projects that sports gambling will generate $13.5 billion by 2025, with 38 US states participating by that time.
☆ Stocks making the biggest moves midday: Lennar, Coinbase, Array Technologies and more
  + stars: | 2022-09-19 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
Check out the companies making the biggest moves midday Monday:D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Array Technologies — The solar stock jumped over 3% after Piper Sandler upgraded Array Technologies to overweight from neutral, saying the company has more upside ahead on an improved forward outlook. AutoZone — AutoZone shares fell more than 2% as traders pored over a mixed quarterly earnings report. Wix — Shares of Wix soared 11% after activist investor Starboard Value revealed a 9% stake in the web development platform company.
☆ The best investing stories of May: Advice from top-tier money managers, tips from Wall Street royalty, and stock picks for a post-coronavirus world
  + stars: | 2020-06-02 | by ( Business Insider | ) www.businessinsider.com   time to read: +3 min
In an exclusive interview, the Gamco chairman shared the investing themes he's tracking, including what he's doing in media, healthcare, and utilities. David Dudding's mutual fund has consistently dominated peers, and it's one of the best global stock funds in 2020. He detailed for us the major themes in his portfolio, what he's done since the pandemic started, and his top picks for the future. Commentary/outlooks from top-tier investors and Wall Street firmsBusiness Insider surveyed 10 fund and portfolio managers on various aspects of their strategies in a post-pandemic world. The attractiveness of US assets relative to the rest of the world is brewing a bubble in the stock market, according to equity-derivatives strategists at Bank of America.
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