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☆ 4 reasons why Wall Street fears that Nvidia's hard-earned gains could go up in smoke
▼ + stars: | 2024-02-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

In the last 15 months, Wall Street analysts have hailed generative AI as the most impactful innovation in decades and compared its theoretical impact to that of the internet. While the full impact of AI isn't clear yet, companies are under immense pressure to convince investors that they're not falling behind. "We can't envision any of these large cloud companies or consumer companies pulling back on AI spending anytime soon," Colello said. UBS"This is not always a harbinger of slowing revenue growth and a concentrated H200/B100 launch could be adding to near-term opex," Arcuri wrote in a recent note. AdvertisementDespite what Nvidia's recent performance suggests, Wall Street is notoriously tough to please.

Persons: —, Morgan Stanley, Steve Sosnick, Wedbush's Dan Ives, who's, Marcelli, they're, Sosnick, Brian Colello, Colello, They're, we're, Vivek Arya, Arya, Michael Landsberg, Landsberg, Jason Draho, Draho, Timothy Arcuri, Arcuri Organizations: Service, Wall Street, Business, Nvidia, Interactive, Bulls, Bank of America, Wedbush Securities, UBS, UBS Global Wealth Management, Morningstar, Landsberg Bennett, Wealth Management

☆ Opinion: ‘Dune: Part Two’ falls into a familiar – and telling – trap
▼ + stars: | 2024-02-26 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +7 min

His hero, Paul Atreides, is filled with doubts about his role as a Messianic leader and director of colonial conquest. (The distributor of “Dune” and “Dune: Part Two” shares a parent company, Warner Bros. So in the movie, it’s not just Paul who sees problems with his colonial power. Timothée Chalamet in "Dune: Part Two" Warner Bros. PicturesIn the book, Chani is mostly supportive of Paul, with few reservations. Paul feels bad for being the destined one; Herbert and Villeneuve, to varying degrees, seem to regret making Paul the destined one.

Persons: Noah Berlatsky, CNN — Frank Herbert’s, revel, Whitey, Edgar Rice Burroughs, James Fenimore Cooper, Rider Haggard, Herbert, Paul Atreides, Noah Berlatsky Noah Berlatsky Denis Villeneuve’s, ”, Villeneuve, he’s, Paul, Timothée, Atreides, Paul’s, Leto Atreides, Oscar Isaac, Arrakis, Emperor, Christopher Walken, Baron Harkonnen, Stellan, Leto, Jessica, Rebecca Ferguson, Natty Bumppo, it’s, Chani, Tasha Suri’s “, Ambha, Sriduangkaew’s, Thompson’s, Suri, Viet Thanh Nguyen, Paul doesn’t, “ Organizations: CNN, Warner Bros, Pictures Locations: Chicago, swash, Vietnam

☆ Rent is getting cheaper in these 27 cities as rising supply makes landlords lose leverage
▼ + stars: | 2024-02-24 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Rents fell for a sixth straight month in January, though the declines aren't moving the needle much. Here are 27 metropolitan areas where rent is more affordable now than last January, per Realtor.com. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The pace of year-over-year rent declines slowed considerably to -0.3% from December's -0.8% mark, which is a clear sign that apartment prices are stabilizing. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business Locations: December's

☆ 'The worry is not the reality': A 36-year market veteran explains why beaten-down micro-cap stocks will enjoy a jaw-dropping rally — and names which 4 companies will be the biggest winners
▼ + stars: | 2024-02-24 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

The group kept lagging last year as markets braced for a recession that would especially hurt economically sensitive small caps. And although the market isn't on small caps' side, Rendino believes historical precedent is. However, Rendino isn't discouraged by small caps' slow start and is instead pleased that his firm is outperforming. "Small caps were up in the fourth quarter, and we're having a really good year," Rendino said. "And I know why companies aren't in the good graces of investors and why certain investors shy away from companies."

Persons: —, Kevin Rendino, Rendino, Russell, He's, Rendino isn't, he's, we're, we've, Benjamin Graham, David Dodd Organizations: Service, Business, Capita, Federal Reserve, Capital, Federal

☆ Morgan Stanley shares a 5-part playbook for investing in well-run companies while minimizing risk in a top-heavy market
▼ + stars: | 2024-02-22 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Why rich companies also keep getting richerThere's another major disconnect that the broader market's impressive performance is masking, strategists at Morgan Stanley remarked in a recent note. Since then, the return gap has gotten even worse in a historically narrow market, Wilson wrote. Morgan Stanley"The equity market understands this economy is not that great for the average company or consumer," Wilson wrote. This rare combination of expansionary fiscal policy and restrictive monetary policy has had the unintended consequence of "crowding out the private economy," Wilson wrote. Companies that can grow without borrowing money at unattractive rates are at a huge advantage, which Morgan Stanley believes has fueled their immense success lately.

Persons: Goldman Sachs, Morgan Stanley, Mike Wilson, Wilson, Morgan, it's, Morgan Stanley Morgan Stanley, Morgan Stanley's Organizations: Federal Reserve, Business, Pew Research Center Locations: GoDaddy

☆ Bank of America: These 25 stocks with sustainable dividends trading at a 50% discount to the market should outperform during this recovery
▼ + stars: | 2024-02-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

25 stocks with solid dividendsDividend-paying stocks are also usually among the best assets to own during recoveries, according to Bank of America. "We advise investors to seek out companies with above-market and secure (not stretched) dividend yields," BofA strategists wrote in the note. Bank of America shared a list of 134 stocks with trailing dividend yields in the second quintile of the Russell 1000 index. Below are the 25 stocks in the second quintile of trailing dividend yield that are trading at a 50% discount or greater to the Russell 1000 index, starting with the highest yielders. Along with each is its ticker, market capitalization, P/E ratio, and dividend yield for each.

Persons: —, Goldman Sachs, haven't, Cash, Russell Organizations: Service, Business, Bank of America

☆ Buy these 17 cheap, high-yielding stocks that are poised for a rebound, according to BMO Capital Markets
▼ + stars: | 2024-02-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Read previewInvestors can now get paid to buy and hold cheap stocks that are ready for a revival anyway. However, the group has disproportionately suffered under the weight of higher interest rates. He added: "We believe it could be an opportune time for investors to consider adding exposure to YARP stocks within portfolios." BMO Capital Markets"These trends provide another layer of support for YARP stocks to outperform in the coming months," Belski wrote. BMO Capital Markets17 reasonably priced stocks with strong yieldsBelow are 17 outperform-rated stocks that have a cheaper forward earnings multiple, as well as a higher dividend yield and higher growth rates than their index, according to BMO Capital Markets.

Persons: —, Brian Belski, Belski Organizations: Service, Companies, BMO Capital Markets, Business, BMO, Markets Locations: Montreal

☆ First-time homebuyers on a budget should look in these 28 cheaper-than-average cities
▼ + stars: | 2024-02-17 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

The price of a median starter home has risen significantly since before the pandemic. Here are 28 metropolitan areas where starter homes cost less than the national median. For millions of families, a core part of the American dream must feel more like wishful thinking. It’s easy to see why would-be homebuyers don’t want to get their hopes up. Home affordability in the US hit its lowest level since 1985 in the third quarter of 2023.

Organizations: Business

☆ AOC's questions years ago helped spark the investigation into Trump's business. Now, he's been ordered to pay $355 million.
▼ + stars: | 2024-02-17 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

As part of Friday's fraud trial verdict, Donald Trump has been ordered to pay $355 million to the state of New York. This saga started in 2019 when Alexandria Ocasio-Cortez grilled Trump attorney Michael Cohen. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. And the case may have never happened if, years ago, a newly-elected member of Congress from Trump's home state hadn't grilled Michael Cohen on Trump's finances. Representatives for Ocasio-Cortez, Trump, and James did not immediately respond to a request for comment from Business Insider.

Persons: Donald Trump, Letitia James, Alexandria Ocasio, Cortez, Trump, Michael Cohen, —, Arthur Engoron, ” Trump, Cortez —, William Lacy Clay, James, Cohen, Allen Weisselberg, Ron Lieberman, Matthew Calamari, Weisselberg, Engoron, Robert's Organizations: Service, New, Rep, Trump, Trump Org, Trump Organization, Ocasio, Business Locations: New York, Alexandria, Cortez

SAVANNAH, Ga. (AP) — Michael Thurmond thought he was reading familiar history at the burial place of Georgia's colonial founder. The son of a sharecropper and great-grandson of a Georgia slave, Thurmond became an attorney and has served for decades in state and local government. Historians have widely agreed Oglethorpe and his fellow Georgia trustees didn’t ban slavery because it was cruel to Black people. Escaped slaves captured in Oglethorpe’s Georgia were returned to slaveholders. Thurmond's book openly embraces such evidence that Oglethorpe's history with slavery was at times contradictory and unflattering.

Persons: — Michael Thurmond, James Edward Oglethorpe, ” Oglethorpe, Thurmond, Oglethorpe, ” Thurmond, ”, “ James Oglethorpe, Father, Georgia, Stan Deaton, Britain's, “, Gerald Horne, Horne, Thurmond's, James F, Brooks, ” Brooks, — Ayuba Suleiman Diallo, Olaudah Equiano, Granville Sharp, Hannah More, Sharp Organizations: University of Georgia Press, Georgia Historical Society, ”, Royal African Company, America, University of Houston, University of Georgia, Society, Slave Locations: SAVANNAH, Ga, Georgia, London, Black, British, Oglethorpe, DeKalb County, Atlanta, Parliament, England, America, New York, Boston, South Carolina, Spanish Florida, Virginia, Savannah, Oglethorpe’s Georgia, Africa, U.S

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

☆ These 30 stocks are highly trusted by Wall Street and will continue to outperform thanks to strong earnings momentum, according to UBS
▼ + stars: | 2024-02-14 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

A delay in interest rate cuts will hurt stocks that hedge fund managers are shorting. Here are 30 stocks that have strong earnings momentum, according to UBS. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The S&P 500 plunged below the 5,000 milestone since stronger inflation will likely push back the timeline for the interest rate reductions markets are yearning for. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: UBS, NEW, Service, Business

PHOENIX (AP) — Phoenix Suns center Drew Eubanks said Detroit Pistons center Isaiah Stewart punched him Wednesday at the arena hours before the teams were due to play each other. Eubanks told reporters before the game that the altercation happened as he was coming into the arena for the game. He said an argument started and they were chest-to-chest before Stewart threw the punch. Stewart was already listed as out for the game with a sprained left ankle. Stewart was involved in an on-court altercation with the Lakers’ LeBron James in 2021 that saw Stewart suspended for two games and James for one.

Persons: Drew Eubanks, Isaiah Stewart, Eubanks, Stewart, LeBron James, James Organizations: PHOENIX, — Phoenix Suns, Detroit Pistons, Pistons, Lakers

☆ NATO: Record 18 states expected to meet 2% defense spending threshold this year
▼ + stars: | 2024-02-14 | by ( James Frater | Joshua Berlinger | ) edition.cnn.com time to read: +2 min

CNN —Eighteen of NATO’s 31 members are expected to spend at least 2% of their GDP on defense this year, the treaty organization’s leader said on Wednesday. “That is another record number and a six-fold increase from 2014 when only three allies met their target,” NATO Secretary-General Jens Stoltenberg said Wednesday ahead of a meeting between the alliance’s defense ministers in Brussels. Former US President Donald Trump, who is running for reelection in November, brought renewed scrutiny to the issue of defense spending among NATO members last weekend, when he said at a rally he would encourage Russia to do “whatever the hell they want” to any NATO member country that doesn’t meet spending guidelines on defense – effectively undercutting the collective defense clause at the heart of the treaty. The German Defense Ministry said Wednesday that its 2024 budget will see its defense spending meet the 2% threshold for the first time since the early 1990s. NATO as a whole is expected to reach the 2% threshold for the first time this year.

Persons: Jens Stoltenberg, Donald Trump, –, Stoltenberg, ” Stoltenberg, ” Organizations: CNN, NATO, Allies, German Defense Ministry Locations: Brussels, Russia, Canada, Germany

☆ Watch CNBC's full interview with WM CEO James Fish
▼ + stars: | 2024-02-13 | 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 WM CEO James FishWM CEO James Fish joins 'Squawk Box' to discuss their Q4 earnings, their outlook for 2024, and more.

Persons: James Fish Organizations: WM

☆ WM CEO James Fish: We always raise prices because there is always some type of inflation
▼ + stars: | 2024-02-13 | 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 EmailWM CEO James Fish: We always raise prices because there is always some type of inflationWM CEO James Fish joins 'Squawk Box' to discuss their Q4 earnings, their outlook for 2024, and more.

Persons: James Fish

☆ Young homebuyers are about to regain serious leverage over their parents' generation, according to the 'Oracle of Wall Street' who called the financial crisis
▼ + stars: | 2024-02-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

“People have not accessed the equity in their homes,” Whitney said. Advertisement“The issue that it leads to is more sellers, fewer buyers,” Whitney said. “I think you’re going to see a bifurcated housing market where you see continued strength in some areas, and then disproportionate weakness in others,” Whitney said. AdvertisementThe obvious question that follows is which real estate markets will be best for buyers and which will favor sellers. In October, Whitney cited Connecticut, Illinois, New Jersey, and Pennsylvania as examples of states where property prices could plummet , especially in rural areas.

Persons: —, Meredith Whitney, Whitney, ” Whitney, Meredith, “ It’s, they’ve, haven’t, “, Whitney isn’t, it’s Organizations: Service, Wall Street, Business, Wall, Advisory Group, Sun Belt Locations: Texas, Florida, Connecticut, Illinois , New Jersey, Pennsylvania, New York, Ohio, States, Tennessee, Utah, Arizona, West Coast

☆ Home prices are falling in these 32 real estate markets as affordability improves after the toughest quarter in 38 years
▼ + stars: | 2024-02-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Modest yet meaningful declines in home prices and mortgage rates gave aspiring homeowners some much-needed relief in the fourth quarter, according to recently released data from the National Association of Realtors (NAR). The third quarter of 2023 was the worst three-month stretch for home affordability in 38 years , according to data from the NAR’s housing affordability index. In nearly half of US markets, families bringing in less than $100,000 couldn’t afford to buy a standard home on a 10% down payment last quarter, according to the NAR. 32 cities where home prices are fallingProperty value gains were widespread and significant in the fourth quarter. Below are those 32 US cities where single-family homes got cheaper in the fourth quarter compared to the prior year, according to the NAR.

Persons: —, ”, Lawrence Yun, Yun, That’s, ” Yun Organizations: Service, National Association of Realtors, Business, NAR, ” Homeowners Locations: Northeast

Analysts are boosting earnings estimates on a collection of stocks set to report quarterly results next week, which could signal strong momentum ahead. Fourth-quarter earnings have so far been better-than-expected, with technology stocks including Meta Platforms and Amazon outperforming analyst estimates and helping lift the S & P 500 to a new all-time highs. Still, some companies set to report quarterly results next week are also seeing analysts increase their profit forecasts, adding potential momentum to those companies' stock performance. EPS estimates have increased by about 4% on average over the same time period. Akamai stock hit a new 52-week high on Thursday.

Persons: Raymond James, Srini, Piper Sandler, Akamai, James Fish Organizations: Meta, Amazon, CNBC, Applied, Akamai Technologies, Howmet Aerospace, New, Consolidated Edison Locations: New York

☆ These are the 25 cheapest stocks in a top-heavy market with limited upside and a historically strong chance of suffering from a correction: BMO
▼ + stars: | 2024-02-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The same is true for the argument that the S&P 500 is already on the doorstep of even the most ambitious year-end price targets. BMO Capital Markets"The S&P 500 almost always experiences a technical correction at some point during the second year of bull markets historically," Belski wrote. Even if there's a typical 10% correction exacerbated by weakness in mega caps, Belski wrote that stocks can remain resilient. "Underlying leadership patterns are likely to be very different this year, with significantly more participation coming from non-mega-cap stocks," Belski wrote. BMO Capital MarketsBelow are the 25 cheapest stocks in the S&P 500, according to BMO Capital Markets, sorted by the lowest forward price-to-earnings (P/E) ratio.

Persons: Brian Belski, Belski, he's, they'll Organizations: Business, BMO Capital Markets, BMO Capital Markets BMO, BMO, BMO Capital Locations: Montreal

☆ 'Stocks can get whacked': A 44-year market veteran warned the S&P 500 could fall 28% as earnings and rate cuts disappoint — but these 6 investments will thrive anyway
▼ + stars: | 2024-02-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Strong earnings, or rate cuts? Instead of worrying about weak earnings growth and persistently high interest rates, investors are now counting on the opposite. Markets should cut their expectations by half and prepare for mid-single-digit profit growth and three to four rate cuts, Doll said. At that point, a flurry of rate cuts from the Fed wouldn't be enough to save stocks, the Crossmark CIO said. However, there are two mega-cap growth stocks that Doll is enamored with: Meta Platforms ( META ) and Microsoft ( MSFT ).

Persons: —, Bob Doll, Doll, who's, . Doll, they're, I'm Organizations: Service, Global Investments, Business, Federal Reserve, BlackRock, Consumer, Microsoft, IBM Locations: Nuveen, What's

☆ A top-2% portfolio manager who pulled off a shocking turnaround last year outlines the investing strategy that lifted her fund by 59% — and her 9 favorite stocks to buy now
▼ + stars: | 2024-02-06 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Starke stuck to the same process for the large growth fund she's managed singlehandedly for the last decade. Her large-cap growth fund is built on quality stocks with successful business models, durable competitive advantages, and top-tier management teams. "The best way to generate long-term growth of capital and outperformance for investors is through longer-term ownership in a focused portfolio of market-leading growth companies." What successful growth stocks look likeThe stocks that Starke focuses on typically increase revenue by over 10% and earnings by 15%, she noted. "I look at PEGs often because that's the only way for fast-growing companies," Starke said.

Persons: Cindy Starke, Starke, she's, couldn't, —, fund's, that's Organizations: Fund, Business, Meta, Nvidia Locations: outperformance

☆ Netflix has a stranglehold on its competition, but the streaming wars aren't over. Here's how Disney and Amazon could dethrone the dominant streamer.
▼ + stars: | 2024-02-05 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

"Netflix won the streaming wars in 2009 when they started streaming," said Tim Nollen, a media analyst at Macquarie. "I think it's a little bit ridiculous, to be honest," Bazinet said when asked if Netflix has won the streaming wars. AdvertisementHow Hollywood can beat Netflix at its own gameHollywood stalwarts can compete in streaming, Bazinet argued — provided the media industry first consolidates even further. The two biggest threats right now are Disney — which has about 220 million subscribers across Disney+, Hulu, and ESPN+ — and Amazon. Nollen said Amazon would flood the market with cheap ads and crush its competition like it did in e-commerce.

Persons: —, That's, Jason Bazinet, Tim Nollen, They've, Bazinet, overreacted, Jessica Reif Ehrlich, Reif Ehrlich, Nielsen Bazinet, Joe Bonner, Bonner, John Hodulik, Hodulik, I'm, Macquarie's, Nollen, it's Organizations: Service, Netflix, Business, Citigroup, Disney, Paramount, Macquarie, Hollywood, Bank of America, Nielsen, ESPN, Argus Research, Hulu, UBS, Amazon Locations: Hulu

☆ These are the 22 best stocks to buy for up to 94% upside while AI leads markets higher, according to Goldman Sachs
▼ + stars: | 2024-02-04 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Investors hoping for new leadership in the stock market have been sorely disappointed, as 2023's top performers have generally enjoyed encores early in the year. "The potential of AI and a burgeoning positive inflection in corporate demand for software and compute power are fueling the hyper-scalers and the facilitators of technology," Kron wrote. Economists at Goldman Sachs boosted their US GDP growth projection from 2% to 2.4% in January since consumers and the government are spending more than expected. AdvertisementA normalizing economic environment will allow the Federal Reserve to lower interest rates throughout the year, according to Goldman Sachs. 22 stocks to buy nowBesides sharing its latest market commentary, Goldman Sachs unveiled its conviction list of companies it's most confident in now.

Persons: —, Goldman Sachs, Steven Kron, Kron, Goldman Organizations: Service, Business, Nvidia, Microsoft, Meta, Goldman, Federal Reserve, Wall Street Locations: East, Russia

☆ Buy these top tech stocks before it's too late, Morgan Stanley says
▼ + stars: | 2024-02-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Palo Alto Networks Analyst Hamza Fodderwala said the firm's recent security checks show cyber threats remain a top priority for IT. That bodes well for Palo Alto in 2024 and beyond, according to Fodderwala. Further, Palo Alto is better positioned for AI than investors believe, Fodderwala added. Palo Alto is scheduled to report earnings in late February. But investor skepticism remains leaving Hettenbach to pound the table for RCM shares.

Persons: Morgan Stanley, James Faucette, Faucette, Hamza Fodderwala, Fodderwala, Craig Hettenbach, Hettenbach, Docebo Organizations: CNBC, Palo Alto Locations: Palo Alto, Docebo, Tenable, Palo, Hettenbach

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