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☆ Top Wall Street analysts pick these stocks for attractive returns
▼ + stars: | 2023-03-05 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

In these tough times, investors would be well advised to find stocks that are positioned to navigate a potential economic downturn. To help with the process, here are five stocks chosen by Wall Street's top professionals, according to TipRanks, a platform that ranks analysts based on their past performance. However, the company issued conservative guidance for fiscal 2023 due to the impact of high inflation on its low-to-moderate income customers. Further, he thinks that Kontoor's fiscal 2023 outlook "will likely prove conservative." Poser raised his fiscal 2023 and 2024 earnings per share estimates, reiterated his buy rating for Kontoor Brands and increased the price target to $60 from $53.

☆ Analysts praise Nvidia's results, call A.I. opportunities the next big growth vector for the chipmaker
▼ + stars: | 2023-02-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Strong overall results from Nvidia and more artificial intelligence developments outweigh the chip stock's gaming center miss in its recent quarterly print, analysts say. The chipmaker on Wednesday posted better-than-expected quarterly results , driven by growth in its data center business that includes AI chips. CEO Jensen Huang added during a call with analysts that AI is at an "inflection point," leading businesses to purchase its chips for machine learning software. And, while the company's gaming business is unlikely to rebound to its pandemic heights, it looks "largely derisked" going forward, wrote Morgan Stanley's Joseph Moore. He added that this segment could become a steady 10% growth business for the chip maker.

Last quarter, Nvidia said tech giant Microsoft was deploying “tens of thousands” of its GPUs in its cloud unit Azure to train and use AI. Microsoft-backed OpenAI's ChatGPT runs entirely on Nvidia chips, Piper Sandler analyst Harsh Kumar said. Revenue from the data center business was $3.62 billion for the fourth quarter, slightly below analyst estimates of $3.84 billion. Gaming chip sales were $1.83 billion, beating analyst estimates of $1.52 billion, according to Refinitiv data. Adjusted profit was 88 cents per share for the fourth quarter, beating analyst estimates of 81 cents.

☆ Suncor Energy names Exxon veteran Rich Kruger as CEO
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

Feb 21 (Reuters) - Canada's Suncor Energy Inc (SU.TO) said on Tuesday former Exxon Mobil Corp executive Rich Kruger would take over as its chief executive from April 3, replacing interim boss Kris Smith, sending its shares up nearly 3% in afternoon trading. Kruger, a near 40-year veteran of Exxon (XOM.N), served as CEO of Imperial Oil Ltd (IMO.TO) for six years before retiring in 2019. "Investors are likely going to see this as a key reason to expect a complete positive change in the safety culture at SU," Eight Capital analysts said. Smith replaced Mark Little as CEO in July following a worker death, which was the fifth fatality at the company since 2019. The company named Smith as its finance chief in place of Alister Cowan, who plans to retire at the end of the year.

☆ Virgin wins $160 mln in trademark dispute with Alaska Airlines
▼ + stars: | 2023-02-16 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Virgin units Virgin Aviation TM Ltd and Virgin Enterprises Ltd argued Alaska is liable to pay a roughly $8 million “minimum royalty” payment every year until 2039. Virgin granted a trademark licence to Virgin America to use its brand in connection with the operation of a U.S. domestic airline before Alaska Air Group Inc. completed its $2.6 billion acquisition of Virgin America. Alaska merged its operations with Virgin America in 2018 and stopped using the Virgin brand the following year. Virgin told London’s High Court in October that Alaska, as the legal successor to Virgin America Inc, is obliged to make the annual payment. The judge added that the terms of the agreement “must be approached from the perspective of Virgin and Virgin America ... and not from the perspective of Alaska”.

☆ Our model is about steady, predictable growth, says Blue Owl Capital co-founder Mark Lipschultz
▼ + stars: | 2023-02-15 | 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 EmailOur model is about steady, predictable growth, says Blue Owl Capital co-founder Mark LipschultzBlue Owl Capital co-founder and co-president Mark Lipschultz joins 'Closing Bell' to discuss credit and alternative investments.

☆ TSMC to boost capital at Arizona factory by $3.5 bln
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

[1/3] U.S. President Joe Biden listens to Chairman of TSMC Mark Liu during a visit to TSMC AZ's first Fab (Semiconductor Fabrication Plant) in P1A (Phase 1A), in Phoenix, Arizona, U.S. December 6, 2022. REUTERS/Jonathan Ernst/File PhotoTAIPEI, Feb 14 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) said on Tuesday its board had approved a plan to boost the capital of its chip factory in Arizona by up to $3.5 billion. TSMC in December tripled its planned investment at the Arizona chip plant, which began construction late last year, to $40 billion. The factory, among the largest foreign investments in U.S. history, will start production in 2026, using advanced 3 nm technology. TSMC expects its Phoenix factories to create 13,000 high-tech jobs, including 4,500 under TSMC and the rest at suppliers.

[1/2] AI chip startup Rebellions co-founder and chief executive Park Sunghyun works at the company headquarters in Seongnam, South Korea February 2023. SEOUL Feb 13 (Reuters) - South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. "But it's not set in stone because AI chips can carry out different functions and there aren't set boundaries or metrics." A100 is the most popular chip for AI workloads, powerful enough to create - in industry lingo, "train" - the AI models. Rebellions declined to give a forecast for its AI chip venture.

☆ McDonald’s Ruling Shifts Oversight Liability Focus to Corporate Officers
▼ + stars: | 2023-02-02 | by ( Dylan Tokar | ) www.wsj.com time to read: +9 min

Photo: McDonald’sThe ruling by Vice Chancellor Laster focuses on the claims against Mr. Fairhurst specifically. At the time of his termination, Mr. Fairhurst had been the subject of multiple reports of sexual harassment during his tenure, according to the Delaware ruling. Emerging oversight liabilityThe legal doctrine driving the McDonald’s shareholder lawsuit extends back to a 1996 Delaware Court of Chancery decision. The ultimate impact of Judge Laster’s ruling vis-à-vis McDonald’s shareholders is as of yet unclear. If the judge approves the McDonald’s directors’ motion to dismiss, the claims against Mr. Fairhurst would be moot.

☆ Nick Clegg led Meta's decision to reinstate Trump to Facebook and Instagram. Here's how the former UK deputy prime minister charmed his way into Mark Zuckerberg's inner circle.
▼ + stars: | 2023-01-26 | by ( Philip Webster | ) www.businessinsider.com time to read: +18 min

Nick Clegg has risen quickly to become one of Mark Zuckerberg's closest confidants at Meta. Clegg, a former UK deputy prime minister, led the decision to reinstate Donald Trump to Facebook. It was updated on February 16, 2022 following the news that Nick Clegg had been promoted to the role of President for Global Affairs. In a challenging economic climate, the Lib Dems and their Conservative coalition partners voted to raise tuition fees. Nick Clegg (left) and Chris Huhne appearing on the BBC's "The Andrew Marr Show" in October 2007.

A potential cause of Buffalo Bills safety Damar Hamlin's jarring collapse and cardiac arrest — witnessed in real time by millions of viewers watching "Monday Night Football" — was immediately recognized by heart experts who also happened to be watching the game. In a statement, the Buffalo Bills has only said that Hamlin suffered a cardiac arrest, when the heart stops beating properly, and is now in critical condition. While there are several potential causes for Hamlin's cardiac arrest, cardiologists suggested that a rare phenomenon called "commotio cordis" was to blame. It is in this exact moment, experts say, that a blow to the chest in the exact right place can launch an otherwise healthy person into cardiac arrest. But there are several other reasons a person may go into cardiac arrest.

☆ TSMC starts volume production of most advanced chips in Taiwan
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

TAINAN, Taiwan, Dec 29 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world's largest contract chipmaker's investment plans at home and abroad. TSMC has a dominant position as a maker of advanced chips used in technology from cellphones to fighter jets. Taiwan's government has dismissed concerns about a "goodbye to Taiwan" trend for the chip industry, saying the island's position as a major semiconductor producer and maker of the most advanced chips is secure. TSMC said it was working to build factories for the next generation 2-nanometre chips, which were planned to be manufactured in northern and central Taiwan.

Starting with the Trump administration, the United States has been tightening the noose around China's high-tech ambitions. But why worry about older chip technology? “28 nanometer” refers to a chip technology commercially used since 2011. But it is a giant in older technology, including chips that regulate power flows in electronics. The importance of older chip technology hit the industry in the face in 2021 as a shortage of those chips prevented manufacturing of millions of cars and consumer electronics.

So, I make sure that they're leaving some money behind, and that they take care of basic estate planning. Estate planning, I've found, is important for everyone to address no matter how much money you have. In the following two stories from my childhood, some level of estate planning could have vastly improved each situation. Multiple family members started collecting money to pay for Bill's funeral, which caused some disagreements because some family members were asked to contribute more money than others. Mark's wife predeceased him so there was no real clarity on who would get ownership of his house as he had multiple children and there was not much estate planning completed.

☆ TSMC expects $10 billion in annual revenue from Arizona fabs
▼ + stars: | 2022-12-06 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

PHOENIX, Dec 6 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) on Tuesday estimated annual revenue of $10 billion when its two planned chips fabrication plants open in Arizona. TSMC said Tuesday it was more than tripling its planned investment in the factories to $40 billion. U.S. President Joe Biden and others, including the CEOs of major TSMC customers, are attending a "tool-in" ceremony for the symbolic moving of the first equipment onto the shop floor of the new $12 billion facility. "When completed with both fabs, we will manufacture over 600,000 wafers a year, representing $10 billion in yearly revenue and with our customers product sales over $40 billion a year," said TSMC Chief Executive Mark Liu. Apple Inc (AAPL.O), Nvidia Corp (NVDA.O), and Advanced Micro Devices Inc (AMD.O), all major TSMC customers, said they expected their chips to be made in the new Arizona plants.

☆ 17-year-old 'Shark Tank' contestant made slime in his garage, sold it to his friends, brought in $1 million in just 3 years
▼ + stars: | 2022-12-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Since 2020, Mark Lin has brought in at least $1.2 million selling food-scented slime from his garage in Burbank, California. Lin's company Sliimeyhoney was profitable almost from its inception, despite being run by a high school student at the time. Lin made the slime himself, hired 11 friends to help package and ship it, and sold $50,000 worth of product in his first year, he said on the show. Wonderful," said he'd invest $150,000 for 30% of the company if Lin could create a "Wonder Slime" flavor for his followers. John suggested that Lin stick with $150,000, because Sliimeyhoney already had a healthy cash flow.

☆ Emerging market policymakers dare to hope for brighter 2023
▼ + stars: | 2022-11-30 | by ( Roberto Samora | ) www.reuters.com time to read: +3 min

He also said a reopening of China could propel the South Korean economy in 2023. "Actually if China loosens zero-COVID policy and reopens their borders and economy that will be a tremendous stimulus for us. Indian Finance Minister Nirmala Sitharaman forecast a "very good" economy ahead of 2024 national elections, fuelled by capital spending. State finance minister Shehan Semasinghe also said the nation was intent on meeting a December deadline to present plans to help unlock an International Monetary Fund bail-out. Zambia, which defaulted on its sovereign debt in 2020, aims to complete its restructuring of nearly $15 billion of external debt in the first quarter of 2023, Finance Minister Situmbeko Musokotwane said.

Nov 15 (Reuters) - FTX Trading's new CEO John J. Ray III, a lawyer tapped to lead the collapsed crypto exchange's restructuring, previously oversaw the $23 billion bankruptcy of energy firm Enron Corp and has a reputation for boosting creditor recoveries. Ray, 63, on Monday declined to comment on his initial priorities as FTX's CEO. Serving as Enron's CEO throughout its years-long bankruptcy, Ray's work resulted in major settlements with banks accused of helping Enron deceive investors, including a $1.66 billion settlement with Citigroup in 2008. Mark Lichtenstein, an attorney who worked on Enron's bankruptcy, saw many parallels between FTX and that case. "You’ve got such a meltdown, similar to Enron, sort of a run on the bank," Lichtenstein said.

☆ Special Report: Voting-system firms battle right-wing rage against the machines
▼ + stars: | 2022-11-06 | by ( Helen Coster | ) www.reuters.com time to read: +19 min

Across the country, election officials have received hundreds of threats or menacing messages that cite debunked conspiracies involving the machines. Some have alleged without evidence that Dominion machines were rigged in plots involving Chinese communists, Venezuelan socialists or Antifa, the loosely organized U.S. anti-fascist movement. Among those calling for Louisiana to ditch Dominion machines is the state’s Republican National Committeewoman, Lenar Whitney. Authorities in the heavily Republican state acknowledge that their aging Dominion machines, most of them bought in 2005, are outdated. Dominion machines remain in use in 14 of Nevada’s 17 counties.

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Canada's oil sands hold the world's third-largest crude reserves and the long-life projects can produce for decades. Last week Suncor agreed to buy Teck Resources' (TECKb.TO) Fort Hills stake for about C$1 billion ($737 million) in cash as "part of our Base Plant mine replacement strategy". Other acquisition targets could include French major TotalEnergies' (TTEF.PA) stake in Fort Hills and its 50% share of the Surmont thermal oil sands project, Oberstoetter added. Last month TotalEnergies said it plans to spin off its Canadian oil sands assets into a separate company. The Fort Hills deal is the latest move by Calgary-based Suncor to focus on its core oil sands business.

☆ Oil prices ease on Chinese demand data, stronger dollar
▼ + stars: | 2022-10-24 | by ( Laila Kearney | ) www.reuters.com time to read: +3 min

Register now for FREE unlimited access to Reuters.com Register"The recent recovery in oil imports faltered in September," ANZ analysts said in a note, adding that independent refiners failed to utilise increased quotas as ongoing COVID-related lockdowns weighed on demand. Ongoing strength in the U.S. dollar, which was up again for part of the trading session following another suspected foreign exchange intervention by Japan, also posed problems for oil prices. read more A stronger dollar makes oil more expensive for non-U.S. buyers. Oil prices regained some ground after data that showed U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand. "Such a release is likely to have only a modest influence (<$5/bbl) on oil prices", the bank said in a note.

☆ Liz Truss Brought Libertarians to Power in the U.K. and Quickly Out Again
▼ + stars: | 2022-10-21 | by ( Max Colchester | David Luhnow | ) www.wsj.com time to read: 1 min

LONDON—A few days after Liz Truss first was elected to Britain’s parliament in 2010, she visited the Institute of Economic Affairs, a libertarian think tank in a cramped Georgian house a stone’s throw from Parliament in central London. There she met an old college friend, Mark Littlewood , director general of the IEA, and pitched an idea. “Mark, we are going to set up a caucus of free-market MPs,” Mr. Littlewood recalls her saying.

☆ Taiwan-China, U.S.-China tensions 'serious' challenge for chip industry, TSMC says
▼ + stars: | 2022-10-19 | by ( Sarah Wu | ) www.reuters.com time to read: +3 min

HSINCHU, Taiwan, Oct 19 (Reuters) - Rising Taiwan-China and U.S.-China tensions have brought "more serious" challenges for the semiconductor industry, the chairman of Taiwanese chipmaker TSMC (2330.TW) said on Wednesday. Register now for FREE unlimited access to Reuters.com RegisterSpeaking at the Taiwan Semiconductor Industry Association's annual convention, TSMC Chairman Mark Liu said: "The U.S.-China trade conflict and the escalation of cross-Strait tensions have brought more serious challenges to all industries, including the semiconductor industry." In recent years, China's government has "never stopped promoting its domestic semiconductor industry", including chip design, manufacturing, and packaging, he added. The United States has also passed its CHIPS Act to vigorously support local research and development and manufacturing, Liu said. Liu said he looked forward to Taiwan's industry, government and academia developing "more concrete, constructive measures" on industrial policies related to innovation, research, talent education and retention "to maintain Taiwan's most critical semiconductor industry advantages".

☆ Apple chipmaker TSMC reportedly considers Japan expansion as China tensions continue
▼ + stars: | 2022-10-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park. Shares of the world's largest chip maker Taiwan Semiconductor Manufacturing Company rose as much as 5% on Wednesday morning in Asia after Morgan Stanley recommended the stock. Computer chip manufacturer Taiwan Semiconductor Manufacturing Co. is weighing a potential expansion in Japan as tensions between China and the West continue to create challenges for the company, The Wall Street Journal reported Wednesday. The factory currently under construction in Japan is meant to focus on less-advanced chips used in automobiles, for example, but additional capacity could focus on more-advanced technology, the Journal reported. The U.S. has sought to reduce its reliance on foreign chip manufacturing by passing funding to help promote domestic production facilities.

☆ A blue-collar worker who retired early thanks to his real estate portfolio explains how he used a self-directed IRA to buy property and scale up his portfolio
▼ + stars: | 2022-10-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Buying real estate with an IRA can be a complicated strategy, but it's possible. He bought his first rental property in 2017 by taking out a home equity line of credit (HELOC). He did have a Roth IRA, however, and he learned how to buy real estate with it from a YouTube video. He sold the stocks in his Roth IRA and put the money in a SDIRATo hold real estate in an IRA, it has to be self-directed. With real estate, property values may drop.

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