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One of the last Navajo Code Talkers, who helped secure an Allied victory in World War II by sending crucial messages in a code based on the Navajo language, has died. “On behalf of the entire Navajo Nation, our Navajo veterans and service men and women, First Lady Jasmine Blackwater-Nygren and me, we extend our sincerest condolences and prayers to the family of Mr. Kinsel,” Navajo Nation President Buu Nygren said announced on social media. From right, Navajo Code Talkers John Pinto , John Kinsel, Sr. and William T. Brown during the Navajo Nation Code Talkers Day ceremony in Window Rock, Ariz., on Aug. 14, 2018. Kinsel received a Purple Heart in 1989 and a Congressional Silver Medal for his service as a Navajo code talker in 2001. Following Kinsel's death, there are now only two surviving Navajo Code Talkers: Former Navajo Chairman Peter MacDonald and Thomas H. Begay, The Associated Press reported.
Persons: John Kinsel Sr, Lady Jasmine Blackwater, Kinsel, Buu Nygren, Mr, selflessly, Talkers John Pinto, John Kinsel, William T, Brown, Mark Henle, Nygren, , , John Woo, Kinsel’s, Ronald Kinsel, “ Cheii, Peter MacDonald, Thomas H Organizations: Navajo, U.S . Marine Corps, USA, Marines, U.S . Navy, Navajo Times, Marine Corps, Department of Veteran Affairs, Associated Press Locations: Navajo, United States, Republic, Pacific, Iwo Jima, Cove , Arizona, Lukachukai, Guam, Bougainville
Watch CNBC’s full interview with Oakmark's Bill Nygren
  + stars: | 2024-10-21 | 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 EmailWatch CNBC’s full interview with Oakmark's Bill NygrenBill Nygren, portfolio manager at Oakmark, joins CNBC's 'Money Movers' to discuss his top stock picks, where to find value, and more.
Persons: Bill Nygren Bill Nygren
There are too many investors in the so-called Magnificent Seven and it's time to move away from them, according to value investor Bill Nygren. While there has been some rotation out of high-flying tech names into smaller stocks, the small-cap Russell 2000 still lags the S & P 500 for the year. "We think it's a really good time for an investor to diversify away from the concentration in the S & P 500," Nygren, Oakmark Funds chief investment officer and portfolio manager, said Monday on CNBC's " Money Movers ." Nygren highlighted automotive parts supplier Genuine Parts as a name he likes. Genuine Parts is currently at around 16 times trailing earnings, well below the S & P 500's multiple of 27.7, per FactSet.
Persons: Bill Nygren, Russell, Nygren, William Stengel, Stengel, Rob Davis Organizations: Nvidia, Meta, Oakmark Funds, Industrial Technologies, Merck
Window Rock, Arizona AP —John Kinsel Sr., one of the last remaining Navajo Code Talkers who transmitted messages during World War II based on the tribe’s native language, has died. With Kinsel’s death, only two Navajo Code Talkers are still alive: Former Navajo Chairman Peter MacDonald and Thomas H. Begay. Hundreds of Navajos were recruited by the Marines to serve as Code Talkers during the war, transmitting messages based on their then-unwritten native language. The Code Talkers sent thousands of messages without error on Japanese troop movements, battlefield tactics and other communications crucial to the war’s ultimate outcome. President Ronald Reagan established Navajo Code Talkers Day in 1982 and the August 14 holiday honors all the tribes associated with the war effort.
Persons: John Kinsel Sr, Buu Nygren, Kinsel, “ Mr, selflessly, ” Nygren, Peter MacDonald, Thomas H, Talkers, Ronald Reagan Organizations: Arizona AP, Navajo, Navajo Nation, Rock, Tribal, Marines, 9th Marine Regiment, 3rd Marine Division Locations: Arizona, Begay, Pacific, Guadalcanal, Tarawa, Peleliu, Iwo Jima, Cove , Arizona, Navajo, Lukachukai, New Mexico, Utah
Oakmark's Bill Nygren on stocks to play today
  + stars: | 2024-10-21 | 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 EmailOakmark's Bill Nygren on stocks to play todayBill Nygren, Oakmark portfolio manager, joins 'Money Movers' to discuss the rationale behind the stock position's Nygren has added, why value is the most important factor, and much more.
Persons: Bill Nygren
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors will revisit the idea that the S&P 500 is a low-risk investment, says Oakmark's NygrenBill Nygren, Oakmark Funds CIO and portfolio manager, joins 'Squawk on the Street' to discuss Nygren's mega-cap growth fund idea, what could take the S&P 500's low-risk equity investment title, and much more.
Persons: Oakmark's, Bill Nygren Organizations: Oakmark
Value-investing legend Bill Nygren says the S&P 500 lacks the diversification it once had. Nygren mentioned Corebridge Financial as a top pick that checks all his boxes. AdvertisementThe S&P 500 isn't as risk-free as investors might think, says Oakmark Funds' Bill Nygren, who lamented the S&P 500's growing lack of diversification. "It's become so important to us that we invest with companies that are taking matters into their own hands and using excess capital to repurchase their own stock," Nygren told the outlet on Monday. One stock he pinpointed that fits the bill is Corebridge Financial.
Persons: Bill Nygren, Nygren, , CNBC he's, It's Organizations: Service, CNBC
Longtime value investor Bill Nygren warned that the popular benchmark S & P 500 is not as diversified as it used to be, and he is picking cheap stocks outside the dominant tech sector. Nygren, portfolio manager at Oakmark Funds for 40 years, said the technology sector has grown so powerful in the S & P 500 that the 25 or so largest names make up about half the investment. "It's not nearly as diversified as investors think it is. I think we will see investors revisit the idea of the S & P 500 being kind of the low-risk way to invest in equities," Nygren said on CNBC's " Money Movers " on Monday. "It's become so important to us that we invest with companies that are taking matters into their own hands and using excess capital to repurchase their own stock," Nygren said.
Persons: Bill Nygren, It's, Nygren Organizations: Oakmark Funds, Nvidia, Meta, AIG
Oakmark's Bill Nygren on Alphabet's Q2 earnings
  + stars: | 2024-07-24 | 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 EmailOakmark's Bill Nygren on Alphabet's Q2 earningsBill Nygren, Oakmark portfolio manager, joins 'Squawk on the Street' to discuss Alphabet Q2 earnings results.
Persons: Bill Nygren
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM management recognizes that they are in a relatively slow-growth business, says Oakmark's NygrenBill Nygren, Oakmark Funds portfolio manager, joins' Squawk on the Street' to discuss the market growth concentration, the names of companies that provide growth opportunities, and what GM buybacks mean for the overall business.
Persons: Oakmark's, Bill Nygren Organizations: GM
Don't overlook the the financial sector as the stock market trends higher, according to Oakmark Funds portfolio manager and noted value investor BIll Nygren. The Dow Jones Industrial Average closed above 40,000 for the first time on Friday, while both the Nasdaq Composite and S & P 500 entered Monday after four-week-long rallies. Despite the financial sector outperforming the broader market, banking and consumer finance stocks are cheaper compared to all S & P 500 companies, according to Nygren. The Financial Select Sector SPDR Fund (XLF) , which tracks the S & P 500 financials index, has returned 12.6% in 2024, including reinvested dividends, while the S & P 500 has returned less than 11.8%. His portfolio's top holdings include some of the country's largest banks, such as Citigroup and Wells Fargo , as well as regional banks like First Citizens .
Persons: BIll Nygren, Nygren, CNBC's Organizations: Dow Jones, Nasdaq, Citigroup Locations: Wells Fargo
We don't see weakness in the consumer, says Oakmark's Nygren
  + stars: | 2024-05-17 | 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 EmailWe don't see weakness in the consumer, says Oakmark's NygrenBill Nygren, Oakmark portfolio manager, joins 'Money Movers' to discuss recent equity market performance, a rating to consider for the financials, and more.
Persons: Oakmark's, Bill Nygren
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLarge spread between growth and value companies is really interesting, says Oakmark's NygrenBill Nygren, Oakmark Funds portfolio manager, joins 'Squawk on the Street' to discuss if recent bond performance has changed his outlook on stocks, where the enticing bargains are, and more.
Persons: Oakmark's, Bill Nygren
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOakmark's Bill Nygren shares his value opportunities in the current marketBill Nygren, Oakmark portfolio manager, joins 'Closing Bell Overtime' to talk his top stock picks, finding opportunities in the current market, and more.
Persons: Bill Nygren
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOakmark's Bill Nygren: Here's why now is a really exciting time for value investorsBill Nygren, Oakmark portfolio manager, joins 'Squawk on the Street' to discuss how Nygren would characterize the environment for value stocks, the recent price action with Alphabet, and more.
Persons: Bill Nygren
CNN —Images of a rhino in captivity, a Slovakian spa facility and a German finger wrestling champion are among the finalists and shortlisted entries in the prestigious Sony World Photography Awards 2024. The World Photography Awards organizes several different competitions each year, including youth and student prizes, with its national and regional winners unveiled last month. Liang Chen/Sony World Photography AwardsA photo by Angelika Jakob shows Josef Utzschneider, light heavyweight champion in the German finger wrestling championship. Angelika Jakob/Sony World Photography AwardsAn image by James Rokop, official photographer for the USA Artistic Swimming team. Helen McLain/Sony World Photography AwardsHaider Khan documented two rhinos in captivity in Germany and India.
Persons: Monica Allende, Karol Pałka, Nick Ng, Sujata Setia, Diana, Nygren, Diana Cheren Nygren, Brent Stirton, Jens Juul's, Jens Juul, Maurizio Di Pietro's, Maurizio Di Pietro, Katie Orlinksy's, Katie Orlinsky, Eddo Hartmann, Ekrem Sahin, Angelika Kollin's, Angelika Kollin, Adali Schell, Liang Chen, Angelika Jakob, Josef Utzschneider, James Rokop, Beth Galton, Helen McLain, Haider Khan Organizations: CNN, Sony, London’s Somerset House, World, Soviet Union, USA Locations: Slovakian, German, London’s, Uganda, Nairobi, Kenya, Roskilde, Denmark, Anaktuvuk, Kazakhstan, Soviet, Guangdong province, Germany, India
Consistently beating the competition over a decade and a half is a sign that Bill Nygren is worth listening to. Instead, he uses good old-fashioned value investing techniques that have proven reliable for decades, even as they've evolved. Nygren added: "It's clearly not a value stock, but when you make those adjustments it sells at less than a market multiple. Advertisement2 sectors to invest in right nowThe average investor would be forgiven for looking around the market right now and struggling to find value. Advertisement"And I think value investors have been a natural home for a lot of the financial industry because the industry's typically traded at something like three-quarters of the S&P multiple," Nygren said.
Persons: Bill Nygren, Nygren, there'd, you've Organizations: Oakmark, Oakmark Fund, Business, Big Tech, Capital, Intercontinental Exchange, American International Group, AIG
Widely followed value investor Bill Nygren, portfolio manager at Oakmark Funds for 40 years, said the best trade of his career was when he made 80 times his money buying Liberty Media in the early 90s. Nygren took advantage of a period of time when Liberty Media went through a number of structural changes. "Most investors looked at this spinoff of Liberty Media, kind of a hodgepodge of investments, mostly which they didn't have control over." One of the biggest challenges of the trade was that there wasn't one traditional metric that Nygren could use to value the whole company. "Each asset had a different metric that we thought was most representative of what value really was for that type of company," Nygren said.
Persons: Bill Nygren, Nygren Organizations: Oakmark Funds, Liberty Media, Tele, Communications, EV, Liberty
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArt of the Trade: Value investor Bill Nygren details his best trade everWidely followed value investor Bill Nygren, portfolio manager at Oakmark Funds for 40 years, said the best trade of his career was when he made 80 times his money buying Liberty Media in the early 90s. Nygren took advantage of a period of time when Liberty Media went through a number of structural changes.
Persons: Nygren, Bill Nygren Organizations: Oakmark Funds, Liberty Media
Oakmark's Bill Nygren talks his value investing playbook
  + stars: | 2023-11-09 | 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 EmailOakmark's Bill Nygren talks his value investing playbookBill Nygren, Oakmark partner & U.S. CIO, to talk value and growth stocks, his investing playbook, his recent buys, and more.
Persons: Bill Nygren Organizations: U.S, CIO
Some analysts recommend buying dividend stocks as a way around it. Morgan Stanley equity strategist Mike Wilson said in an Oct. 9 report that high-dividend stocks are one way investors can navigate the uncertainty. Automaker Stellantis boasted the highest dividend yield of the lot, offering around 10%, with a decent 76% buy rating from analysts, who gave it 28% potential upside. Other automakers that made the cut include Mercedes-Benz , which offered the next highest dividend yield at 8.5%, and Hyundai Motor . Prominent investor Oakmark Funds' Bill Nygren said this week that energy stocks deserve a place in the portfolio , especially when the market is especially volatile.
Persons: Morgan Stanley, Mike Wilson, Oakmark, Bill Nygren, Yun Li, Michael Bloom Organizations: BMO, CNBC Pro, Energy, Stellantis, Benz, Hyundai Motor, Hyundai, ConocoPhillips, Diamondback Energy Locations: Israel
Oakmark Funds' Bill Nygren thinks energy stocks deserve a place in the portfolio, especially when the market experiences heightened volatility like right now. "It highlights the value in a portfolio of energy exposure," Nygren said on CNBC's " Squawk on the Street. " He has managed the Oakmark Select Fund since 1996 and the Oakmark Fund since 2000. The investor said energy stocks are relatively inexpensive and they are well-positioned for more gains ahead as oil prices are expected to stay elevated. Oil prices jumped Monday following the latest Middle East violence, with West Texas Intermediate crude oil futures climbing 3.7%, trading above $85 a barrel.
Persons: Bill Nygren, Nygren, Morningstar Organizations: Oakmark Fund, West Texas, Phillips, ConocoPhillips Locations: Israel
It's a good time to buy cheap stocks in some sectors right now, according to Oakmark Funds' Bill Nygren. "What that means to us is the hunting ground of low P/E stocks provides more opportunity than it typically does," he said, adding that the company's portfolio includes many single-digit P/E stocks. Nygren added that he's buying up stocks in high-quality companies in financial services, insurance, energy and some consumer durables — mostly paying single-digit P/E multiples for them. Nygren, who joined Oakmark Funds in 1983, manages the $18 billion Oakmark Fund with Michael Nicolas and Robert Bierig. Energy Nygren said they own "a lot of stocks where there is risk, where investors are worried about the futures of the [companies]" — but because of that, the entry level price is very low.
Persons: Bill Nygren, what's, Nygren, CNBC's, It's, Michael Nicolas, Robert Bierig, Russell, Banks Nygren, he's, Wells, they've, that's, it's, Energy Nygren Organizations: Oakmark Funds, Energy Locations: Wells Fargo, Capital, U.S
CNBC Daily Open: The September jobs report is key
  + stars: | 2023-10-06 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Bracing for the jobs reportU.S. stocks dipped slightly Thursday as investors braced for the September job report coming out today. JPMorgan Chase's Marko Kolanovic thinks the S&P 500 might be slammed by a 20% sell-off if high interest rates persist. In other words, the gap between cheap and expensive stocks is larger than usual — which gives value investors a "tremendous opportunity."
Persons: Hong, Tencent, JPMorgan Chase's Marko Kolanovic, I'm, Bill Nygren, Nygren Organizations: CNBC, Treasury, Administration, European Union Chamber of Commerce Locations: Asia, Pacific, China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe opportunity is there to put together a pretty inexpensive portfolio, says Oakmark's Bill NygrenBill Nygren, Oakmark Portfolio Manager, joins 'Closing Bell Overtime' to talk recent market action, his playbook for the current market, tech investing and more.
Persons: Bill Nygren Bill Nygren Organizations: Oakmark
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