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☆ This dividend stock fund is beating the market. Here's its strategy and positions
▼ + stars: | 2023-01-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The firm's Integrity Dividend Harvest Fund ended 2022 down just 1.45%, while the broader market saw its worst year since 2008. So far in 2023, Integrity Dividend has gained more than 5%, while the S & P is up only a little more than 1%. IDHIX 1Y mountain Integrity Dividend Harvest I outperformed the S & P 500 in 2022. The stock, which gained more than 19% last year, has a 3.65% dividend yield. "They're pointing to 6% to 7% long-term annual earnings growth, along with dividends growing in lockstep to their earnings," Radke said.

☆ M&A Is Expected to Pick Up in 2023 as Companies Adapt to Tougher Conditions
▼ + stars: | 2023-01-06 | by ( Kristin Broughton | ) www.wsj.com time to read: +8 min

But many companies adapted, structuring deals to sidestep market volatility and minimize financing costs. Deal advisers expect M&A to pick up in 2023 following last year’s slump, though when that will happen remains an open question. That is especially true in the technology and healthcare sectors, where deals for high-growth companies are most common, she said. In addition to macroeconomic pressures, companies faced a tougher regulatory environment in 2022, with antitrust enforcers globally applying greater scrutiny to large transactions. Demand for such facilities in the U.S. jumped 17% in 2022 through Dec. 29 compared with the full-year 2021, to $317.3 billion, according to Dealogic.

☆ IBM beat all its large-cap tech peers in 2022 as investors shunned growth for safety
▼ + stars: | 2022-12-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +6 min

But in a year that saw investors abandon all major tech stocks, Big Blue was in the green. High gas prices, soaring inflation and the Federal Reserve's steady pace of rate increases have punished growth stocks and favored more mature, less volatile names that are viewed as more recession-resistant. Among U.S. tech companies valued at $50 billion or more, IBM was one of only two to generate positive returns in 2022. IBM beats Big Tech in 2022 CNBCIBM is "trading well above its historical range," Bernstein Research analysts wrote in a Dec. 20 note to clients. IBM's model through 2024 calls for mid-single-digit revenue growth, translating into free cash flow growth in the high single digits.

This is why we have seen less activity," said Dirk Albersmeier, co-head of global M&A at JPMorgan. In the fourth quarter, there has been a 56% contraction in global M&A to $641.2 billion, partly caused by a 66% drop in private equity activity. Top rainmakers expect a pickup in cross-border M&A activity. Going forward, private equity funds are expected to kickstart the recovery as they seek assets at a discount. We were probably more optimistic a year ago," said David DeNunzio, global head of M&A at Wells Fargo.

☆ Cramer says he likes these technology and real-estate stocks for 2023
▼ + stars: | 2022-12-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

watch nowCNBC's Jim Cramer on Wednesday highlighted technology and real estate stocks he believes can perform well in 2023, following a dismal year for both sectors. Rising interest rates presented challenges for tech and real estate industries in 2022. Information technology is down 27% year to date, as of Wednesday's close, while real estate has fallen 28.4% over the same stretch. Real estate picks for 2023Loading chart...Cramer said he likes Realty Income because its top retail tenants — such as Dollar General, Walgreens and 7-Eleven — have businesses that can hold up during a potential recession. While shares of Federal Realty have fallen around 25% in 2022, Cramer said the stock has been a solid long-term performer.

☆ EU to Probe Broadcom’s $61 Billion Planned Takeover of VMware
▼ + stars: | 2022-12-20 | by ( Kim Mackrael | ) www.wsj.com time to read: 1 min

With the acquisition, Broadcom is betting the boom in enterprise software demand will endure despite the current economic tumult. BRUSSELS – The European Union’s antitrust watchdog on Tuesday said it would open an investigation into chip maker Broadcom Inc.’s planned $61 billion acquisition of VMware Inc. The European Commission, which leads the EU’s antitrust enforcement, said it is concerned the deal would allow Broadcom to restrict competition in the market for certain hardware components.

☆ EU opens antitrust probe into Broadcom's $61 billion VMware bid
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: +2 min

European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom's proposed $61 billion bid for cloud computing company VMware , the European Commission said in a statement on Tuesday. "The Commission is particularly concerned that the transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate with VMware's software," the Commission said in a statement. Reuters reported on Dec. 9 that the Commission was set to open a full-scale investigation into the deal, the second biggest globally so far this year. The proposed acquisition underlines Broadcom's ambition to diversify intoenterprise software, but comes as regulators worldwide ramp up scrutiny of deals by Big Tech. Broadcom said earlier this month that it was confident the deal would close and be completed in its fiscal 2023.

☆ Workday names Sequoia's Carl Eschenbach as co-CEO, alongside Aneel Bhusri
▼ + stars: | 2022-12-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Workday said on Tuesday that co-CEO Chano Fernandez is leaving the company and being replaced by Sequoia Capital's Carl Eschenbach, a former VMware executive and member of Workday's board. Eschenbach will serve alongside Aneel Bhusri, who co-founded the company in 2005. Bhusri became a co-CEO again in 2020 with the appointment of Fernandez, a former SAP executive who joined Workday in 2014. Before Workday, Bhusri held leadership roles at PeopleSoft, which Oracle acquired in 2005 for $11.1 billion. WATCH: Workday co-CEO on the firm's quarterly results and why its finance applications saw strength

☆ EU opens antitrust probe into Broadcom's $61 bln VMware bid
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +2 min

PARIS, Dec 20 (Reuters) - European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom's (AVGO.O) proposed $61 billion bid for cloud computing company VMware (VMW.N), the European Commission said on Tuesday. Reuters reported on Dec. 9 that the Commission was set to open a full-scale investigation into the deal, the second biggest globally so far this year. Broadcom on Tuesday reiterated that it continued to expect the transaction would close in its fiscal year 2023, adding it would continuing to work with the European Commission. The proposed acquisition underlines Broadcom's ambition to diversify into enterprise software, but comes as regulators worldwide ramp up scrutiny of deals by Big Tech. Reporting by Foo Yun Chee, Editing by GV De Clercq and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Broadcom faces EU antitrust probe into $61 bln VMware deal - sources
▼ + stars: | 2022-12-09 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Dec 9 (Reuters) - U.S. chipmaker Broadcom (AVGO.O) is set to face a setback in its $61 billion bid for cloud computing company VMware (VMW.N) with EU antitrust regulators poised to open a full-scale investigation into the deal, people familiar with the matter said. The company had a so-called state of play meeting with European Commission officials earlier this week, the people said. The EU competition enforcer, which is scheduled to finish its initial scrutiny of the deal on Dec. 20, declined to comment. Broadcom said it anticipates that the time-line for the review process would be extended in other key regions due to the size of deal. "Having said that, we're still confident that this transaction will close and be completed in our fiscal 2023," the company said.

☆ How a hybrid work model can offer multiple advantages to the small businesses willing to take the leap
▼ + stars: | 2022-12-09 | by ( Sponsor Post | Created Insider Studios With Dell Technologies | ) www.businessinsider.com time to read: +7 min

Many small businesses could benefit from hybrid work, but are discouraged by concerns about productivity, security, and IT capacity. A number of tools from Microsoft and Dell Technologies can be tailored to provide support. Of course, no two small businesses are exactly alike, and each one will have slightly different needs, priorities, and goals for their day-to-day operations as we enter the post-covid era. Find out more about how Dell and Microsoft can help your hybrid work solution. This post was created by Insider Studios with Dell Technologies

☆ Elon Musk is bringing in new faces for Twitter 2.0 — including his cousins and Bari Weiss
▼ + stars: | 2022-12-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

The makeup of Elon Musk's Twitter is changing, and not just because the offices are now bedrooms. With the majority of the company's former staff having been laid off — or fired, or resigned — Musk has brought in some of his own picks to work at Twitter 2.0. There's more on the new faces at Musk's social media company below, so let's get to it. Elon Musk is bringing in new faces for Twitter 2.0. And these aren't the only new faces at Twitter — hundreds of people have applied for a chance to work at Musk's new company.

☆ Google, Oracle, Amazon, and Microsoft awarded $9 billion Pentagon cloud deals
▼ + stars: | 2022-12-07 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

The Pentagon said Wednesday that Amazon , Google , Microsoft and Oracle each received a cloud-computing contract that can reach as high as $9 billion each through 2028. Originally, the Pentagon had awarded the Joint Enterprise Defense Infrastructure, or JEDI, to Microsoft in 2019. A legal battle ensued as Amazon, the top player in the cloud infrastructure market, challenged the Pentagon's decision. Last year the Pentagon changed its approach, asking for bids from Amazon, Google, Microsoft and Oracle to address cloud needs. Oracle generated $900 million in cloud infrastructure revenue in the quarter that ended Aug. 31, a small fraction of the $20.5 billion total for Amazon's cloud subsidiary, Amazon Web Services, in the third quarter.

☆ Top Wall Street analysts bet on these stocks to brace for a sharp downturn
▼ + stars: | 2022-12-04 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

In this article ADIMCHPFANGVMW Follow your favorite stocks CREATE FREE ACCOUNTVMware at the NYSE, Dec. 14, 2021. Source: NYSEVMwareWhile software company VMware (VMW) reeled from lackluster quarterly results, Monness Crespi Hardt analyst Brian White maintained his positive conviction on the stock. Impressively, Hanold holds the 8th position among more than 8,000 analysts on TipRanks, and boasts a 70% success rate. Recently, Stifel analyst Tore Svanberg recently reiterated a buy rating on MCHP stock and even increased the price target to $80 from $77. (See Analog Devices Hedge Fund Trading Activity on TipRanks) The analyst sees Analog Devices outperforming its peers in the present challenging macroeconomic environment.

☆ Amazon's cloud unit faces cost-sensitive customers as economic fears mount
▼ + stars: | 2022-12-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Peter Kern, CEO of online travel company Expedia Group , sees the cloud as an area where his company can reduce its fixed costs. Amazon leads the market in cloud computing, with an estimated 39% share. Selipsky said that moving IT jobs to the cloud could help budget-strapped organizations save money, citing customers Agco and Carrier Global . It offers Graviton computing instances based on energy-efficient Arm-based chips, a less expensive alternative to instances using standard AMD and Intel processors. He said AT&T 's DirecTV unit was able to eliminate 20% of computing costs by adopting current-generation Graviton chips.

☆ Roughly 25% of our customers use multi-cloud and data centers, says VMware CEO
▼ + stars: | 2022-12-01 | 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 EmailRoughly 25% of our customers use multi-cloud and data centers, says VMware CEORaghu Raghuram, VMware CEO, joins 'TechCheck' to discuss how he's seeing a customer demand shift, the tradeoffs and benefits of the multi-cloud model and more.

☆ Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
▼ + stars: | 2022-11-22 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Nordstrom — Shares fell more than 4% after the department store cut its forecast. Nordstrom's latest results beat profit and sales expectations, according to consensus expectations on Refinitiv. Autodesk — The stock dropped more than 7.8% after the software company issued fourth-quarter revenue guidance that missed expectations, even as Autodesk reported quarterly results that came in line with forecasts. VMware — Shares fell nearly 2% after the cloud computing company missed profit and sales expectations in its most recent quarter. According to Refinitiv, the company was expected to earn $1.58 per share on revenue of $3.35 billion.

☆ Wall Street activism is proving its influence on corporations. Just look at Disney's Bob Iger.
▼ + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Investors are still digesting the news that Bob Iger will reprise his role as the chief executive of Disney. Bob Iger, CEO of Disney Charley Gallay/Stringer/Getty Images1. On Sunday, Disney announced legendary leader Bob Iger would return to his post as CEO and replace Bob Chapek, even though Chapek just months ago signed a contract extension. Disney stock had plunged 21% since Chapek's appointment in February 2020. As long as these headwinds batter the stock market, investors are likely not going to sit idly by and watch what they believe to be mismanagement by corporate leaders.

Nov 21 (Reuters) - Britain's competition regulator said on Monday it was looking into whether U.S. chipmaker Broadcom Inc's (AVGO.O) $61 billion acquisition of cloud computing company VMware Inc (VMW.N) may substantially lessen competition. The Broadcom-VMware deal, announced in May, is the second biggest globally so far this year and marks Broadcom's attempt to diversify its business into enterprise software. The companies are also seeking European Union antitrust approval. The Competition and Markets Authority (CMA) is inviting comments from interested parties by Dec. 6 to help it with an assessment on whether to formally launch an investigation into the Broadcom-VMware deal. Reporting by Radhika Anilkumar in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Top Wall Street analysts like these stocks amid the macro uncertainty
▼ + stars: | 2022-11-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

The stock market is closed on Thursday for Thanksgiving Day, and it's set to close at 1 p.m. on Friday. Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. VMwareSoftware company VMware (VMW) is awaiting antitrust approval before it is acquired by Broadcom (AVGO). White ranks at the 657th position among a roster of more than 8,000 analysts on TipRanks. 956 among more than 8,000 analysts followed on TipRanks, Petusky has a success rate of 50% with his ratings.

Nov 16 (Reuters) - Dell Technologies Inc (DELL.N) on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The disputed December 2018 transaction involved a stock swap related to Dell's interest in software maker VMware. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed. Michael Dell was worth $52 billion on Tuesday, according to Forbes magazine.

☆ Dell reaches $1 billion lawsuit settlement
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Dell Technologies Inc (DELL.N) has reached a $1 billion settlement of a lawsuit accusing it of short-changing some investors in an approximately $24 billion transaction where it returned to being a publicly traded company. In a regulatory filing on Wednesday, Dell said the settlement is subject to approval by a Delaware Chancery Court judge, and will be reflected in its third-quarter results. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for all outstanding Class V shares. It said holders of the Class V shares claimed that the transaction was conducted at billions of dollars below fair value. The settlement also covers claims against Goldman Sachs Group Inc (GS.N), a defendant in the lawsuit, Dell said.

☆ Broadcom seeks EU antitrust approval for $61 bln VMware buy
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Nov 15 (Reuters) - U.S. chipmaker Broadcom (AVGO.O) is seeking European Union antitrust approval for its $61 billion bid for cloud computing company VMware (VMW.N), Broadcom said on Tuesday in a statement. "We are confident that this deal does not present any competition issues and look forward to working with the European Commission throughout this process", the company said. The EU competition watchdog will decide by Dec. 20 whether to clear the deal. Announced in May, the deal is the second biggest globally so far this year and marks Broadcom's attempt to diversify its business into enterprise software. (This story has been corrected to fix EU decision date to Dec. 20 from Nov. 20)Reporting by Foo Yun Chee Writing by Charlotte Van Campenhout Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Baird upgrades AMD, says a new product can drive the chip stock nearly 40% higher
▼ + stars: | 2022-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A new product from Advanced Micro Devices is inspiring optimism from Baird. Analyst Tristan Gerra upgraded the microchip maker's stock to outperform and raised his price target to $100 per share from $65. The new target implies upside of 38.2% from Friday's close. Interest in AMD is growing as a result of Genoa's performance, said Gerra. Arcuri set a price target of $95, which is slightly lower than Gerra's but still shows upside of 31.2%.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

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