DIRS.INFO The most relevant business & tech news

☆ History says US stocks have a 95% chance of finishing the year strong — no matter who gets elected
▼ + stars: | 2024-11-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The S&P 500 has an outstanding track record after major rallies in the first 10 months. Here's why history and other key catalysts are on the market's side, according to Truist. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than seven decades' worth of data suggest that US stocks will end 2024 on a high note. Drawdowns are inevitable, as Lerner noted that the S&P 500 typically pulls back by 5% or more three times per year.

Persons: Stocks, —, that's, Keith Lerner, Truist, Lerner Organizations: Service, Bank of America, Federal, Fed

☆ 3 reasons why Truist's CIO says it's time to plow money into the tech sector again despite its worst one-month underperformance in 20 years
▼ + stars: | 2024-08-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The secular megatrend of AI remains strong as Big Tech companies continue to invest billions into developing the technology. Forward earnings estimates for the tech sector are rising to all-time highs, indicating continued optimism. Investor expectations have now become recalibrated after the correction, providing tech stocks with more room to grow, in Lerner's opinion. AdvertisementTruistA cooling macroeconomic environment will also provide a boost to tech stocks as investors flock back to Big Tech, according to Lerner. With the Fed likely to begin cutting rates in September, many of the Big Tech companies are poised to benefit.

Persons: —, Keith Lerner, Lerner, that's, shouldn't, Truist, outperformance, He's Organizations: Service, Business, Semiconductor, Big Tech, Tech, Vanguard Information Technology, VanEck Semiconductor

☆ Take advantage of this stock market correction and another quarter of strong earnings by making these 10 moves now, according to top strategists at 4 investment firms
▼ + stars: | 2023-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 is down 7% since the start of September and briefly entered correction territory from its summer high last week. However, strategists say these threats are mostly priced into stocks, but higher earnings aren't. After three straight quarters of contracting profits, both BofA and UBS expect earnings to grow at least 3% year-over-year in Q3. "Within the context of our expectations for a continued choppy backdrop, we are incrementally more positive," Lerner wrote in a late October note. Truist's more constructive view on equities is based on strong results so far in Q3, Lerner wrote.

Persons: Oppenheimer, Savita Subramanian, Marcelli, David Lefkowitz, Lefkowitz, John Stoltzfus, Stoltzfus, Keith Lerner, Lerner, it's, Truist, Mark Haefele Organizations: Bank of America, UBS, Bank of America's, Equity, UBS Global Wealth Management, Federal Reserve, Israel, Oppenheimer Asset Management Locations: Israel, Ukraine, Truist, Real, Charlotte

☆ A veteran strategy chief says investor pessimism is fueling a contrarian market rally, and these 4 investments will be the biggest winners
▼ + stars: | 2023-10-11 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Soaring interest rates and a slowing economy sent US stocks plummeting to their 52-week lows last October. Twelve months later, the S&P 500 has been smacked once again by lingering concerns about interest rates and a recession. The index just hit an oversold level not seen since last fall, Truist co-investment chief Keith Lerner remarked in a recent note. Instead, investors should stay focused on interest rates, Lerner said. 4 top places to put your money nowTruist is bullish on both growth stocks and stocks in economically sensitive sectors.

Persons: Truist, Keith Lerner, Goldman Sachs, Lerner, offsides, doesn't, Israel aren't, they're Organizations: Truist, Investors, Bank of America, Federal, Energy Locations: Russia, Ukraine, Israel

☆ The market's issue is a lack of catalysts for growth, says Truist's Keith Lerner
▼ + stars: | 2023-08-21 | 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's issue is a lack of catalysts for growth, says Truist's Keith LernerKeith Lerner, Truist co-chief investment officer, joins 'Squawk on the Street' to discuss what Lerner expects from the economy in the second half, the lagged issues to come, and Lerner's S&P earnings forecasts for next year.

Persons: Truist's Keith Lerner Keith Lerner, Truist, Lerner

☆ Sam Bankman-Fried's lawyer demands he gets Adderall for ADHD while in jail
▼ + stars: | 2023-08-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

FTX Founder Sam Bankman-Fried leaves from Manhattan Federal Court after court appearance in New York, on June 15, 2023. Sam Bankman-Fried's legal team is asking a U.S. district court judge to grant the former FTX CEO "uninterrupted access" to his daily prescribed medication while he is in jail. "And for the past three years, Mr. Bankman-Fried has been prescribed Adderall 10mg tablets, 3-4x/day for the treatment of ADHD." On Friday, Judge Kaplan sided with a request by federal prosecutors to revoke Bankman-Fried's bail over alleged witness tampering. For nearly a year, there's been a nationwide shortage of Adderall, the popular stimulant used to treat ADHD.

Persons: Sam Bankman, Fried, Mark Cohen, Judge Lewis Kaplan, Judge Kaplan, George Lerner, Lerner, Cohen, Bankman, Lerner's, there's, Caroline Ellison, Ellison, — CNBC's Dan Mangan Organizations: Manhattan Federal, U.S, Bankman, Brooklyn's Metropolitan Detention Center, Prisons, Court, U.S . Food, Drug Administration, New York Times, Alameda Research, MDC Locations: Manhattan, New York, Brooklyn's, Bankman, Bahamas, U.S, Putnam , New York

☆ 'Cracks in the foundation': 3 leading Wall Street strategists reveal the overlooked reason why stocks are on shaky ground right now — and how to invest with a downturn looming
▼ + stars: | 2023-04-02 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Instead, they've been propelled by large caps and growth stocks, specifically tech. If not for a small number of mega-cap growth stocks, the S&P 500 wouldn't be staying afloat. Last year investors learned the hard way that narrow markets are dangerous, as tech stocks tumbled during the market selloff. "Breadth has been exceptionally weak as large-cap growth stocks hold up the major averages," Wilson wrote in a late March note. Outside of tech, Lebovitz highlighted traditional defensive sectors like consumer staples and utilities.

☆ Sam Bankman-Fried's psychiatrist was hired at FTX to 'coach' and counsel employees, report says
▼ + stars: | 2023-02-05 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

SBF's personal psychiatrist was on staff at FTX, according to the Wall Street Journal. Dr. George Lerner was hired to engage with employees as a "coach," not a medical professional, the Journal reported. In an email, Lerner told the Wall Street Journal he focused on creating a sustainable work environment while at the company. "They were amazing people — driven, brilliant, wanting to make a positive impact on the world," Lerner told the Journal. Following the collapse of FTX and amid charges of fraud against Bankman-Fried, Lerner told the Journal he's now focusing on rebuilding his private practice.

☆ A Parasite May Explain Why Some People Are Driven to Start a Company
▼ + stars: | 2022-12-21 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

When wolves in Yellowstone National Park get infected with a cat parasite called Toxoplasma gondii, they become more likely to leave their packs and start new ones. The Yellowstone wolf data hints that it's just the side effect of a protozoan inhabiting our brains in a failed attempt to make more protozoa. So why would any of this make an infected wolf want to start its own pack? That was the suggestion of an influential 2006 paper titled "Can the Common Brain Parasite, Toxoplasma gondii, Influence Human Culture?" Just because Toxo might drive an alpha male to start a company, that doesn't mean it'll be a successful company.

☆ Sell stocks after the massive market rally in October and make one simple adjustment to your portfolio to score easy income while limiting risk, according to Truist
▼ + stars: | 2022-11-02 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Stocks' strong gains are just a bear market rally that will soon fade, according to Truist. Keith Lerner, the firm's top market strategist, made the case for bonds over stocks. Higher rates will keep hurting stocks — even if the Fed pivotsAt first glance, stocks have gotten cheaper this year. Tighter financial conditions have pushed the US economy toward a recession, and a slowdown in spending has been a drag on corporate earnings, Lerner wrote. Truist Bank"Even if the Fed does pivot or inflation softens, it wouldn't be a cure-all over the intermediate term," Lerner wrote.

Search resuls for: "Lerner's"

10 mentions found