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☆ Disney doesn’t need Loeb to kick ESPN out the door
  + stars: | 2022-09-12 | by ( Jennifer Saba | ) www.reuters.com   time to read: +3 min
NEW YORK, Sept 12 (Reuters Breakingviews) - Pushy investor Dan Loeb has changed his mind, somewhat, about Walt Disney (DIS.N). He is backing off his demand that the $210 billion entertainment giant run by Chief Executive Bob Chapek sell sports network ESPN. Amid the glad-handing of Disney devotees, Chapek, talking to reporters, maintained that ESPN is still a fit for the Magic Kingdom. On a multiple more than rival Fox (FOXA.O) but less than Netflix (NFLX.O), Disney could fetch $40 billion for ESPN. CONTEXT NEWSActivist investor Dan Loeb said in a tweet on Sept. 11 he is backing off his push for Walt Disney to spin off cable sports network ESPN.
☆ Activist investor changes mind about Disney spinning off ESPN
  + stars: | 2022-09-12 | by ( Frank Pallotta | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Dan Loeb is fine with Disney keeping ESPN after all. The activist investor and Third Point CEO, who made headlines last month when he proposed that the media giant spin off ESPN, had a change of heart over the weekend. https://t.co/Gobvf8KS2w — Daniel S. Loeb (@DanielSLoeb1) September 11, 2022However, Loeb also wanted to see five changes at Disney, which he said would “unlock further value in the near-term.”One change, which got the most attention, was for Disney to ditch ESPN. Loeb noted that “a strong case can be made that the ESPN business should be spun off to shareholders with an appropriate debt load” to reduce Disney’s debt. “ESPN would have greater flexibility to pursue business initiatives that may be more difficult as part of Disney, such as sports betting,” Loeb added.
☆ These are the cheapest, most-loved stocks in the S&P 500
  + stars: | 2022-09-08 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Walt Disney , for example, is trading at a 26% discount on a forward price-to-earnings basis, below its historic 5-year average forward P/E. Qualcomm is trading at an almost 39% discount on a forward P/E basis, well below its historic 5-year average forward P/E. Meanwhile, home builder DR Horton is very cheap on a forward P/E basis, trading at an almost 47% discount, well below its historic 5-year average forward P/E. The stock is down 34% year to date, but has 28% upside to the average price target, according to FactSet. One is Halliburton , which is up about 25% year to date yet is still cheap on a forward P/E basis.
☆ Here are the top defensive plays from heavy-hitter investors as recession fears grow
  + stars: | 2022-07-28 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Fears of a recession intensified even more after data showed the economy shrank for a second straight quarter, making a strong case for defensive stocks for investors worried about slowing growth. Defensive stocks tend to provide stable earnings and consistent dividends regardless of the state of the overall stock market and the economy. They are often well-established companies in sectors like consumer staples, health care and utilities, such as Procter & Gamble , Johnson & Johnson and Coca-Cola . Berkshire also owns relatively small stakes in Procter & Gamble, Johnson & Johnson at the end of March. Major pharmaceutical companies and insurance companies are also considered defensive stocks.
☆ Here are the top dividend stock picks from the biggest investors during market turmoil
  + stars: | 2022-07-14 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
The appeal for high-dividend stocks is growing fast as the market's turmoil and surging inflation shows no signs of easing. Stocks with high dividend payouts had been ignored for years as growth stocks with dramatic price appreciation took center stage. The company pays a 4.7% dividend, more than doubling that of the S & P 500. Billionaire investor Leon Cooperman previously told CNBC that energy stocks were cheap relative to commodity prices. The chairman and CEO of the Omega Family Office held a number of high-dividend stocks, including Devon Energy , Coterra Energy , Energy Transfer and Pioneer Natural Resources , some of which pay as much as 8% in dividends.
☆ There are many ways to diversify your stock portfolio — here's how the Club does it
  + stars: | 2022-04-04 | by ( Zev Fima Jim Cramer | Zev Fima | Jim Cramer | ) www.cnbc.com   time to read: +19 min
A day trader in her 20s will have much different view of stock diversification than a retiree looking to limit risk. Last week, we spoke about how to diversify a stock portfolio to both balance a longer-term view of your holdings while sharpening a shorter-term focus on factors that might necessitate changes. We're breaking this tutorial into seven sections: Understanding correlations Getting a portfolio started Is S & P 500 diversified? To better illustrate, let's consider the current make up of the S & P 500 — the diversification you'd achieve if you put an initial investment into an S & P 500 exchange-traded fund, or ETF. As of March 31, the end of the first quarter, the S & P 500 weighting was as follows: When you buy into an S & P 500 index fund, roughly 28 cents of every dollar goes into technology, while only 2.6 cents go into materials.
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