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☆ China is pulling every lever to kill Apple's iPhone 15
▼ + stars: | 2023-09-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

The iPhone 15 will be a tough sell in China. And China's homegrown rival Huawei has a new, superfast phone out, the Mate 60. China is Apple's second-biggest single market by sales outside the US, and its third-biggest region behind the US and Europe. Another important metric: China grew faster by revenue than Europe, implying continued prospects for growth for Apple beyond saturated Western markets. The advanced chip inside the new Mate 60 was made by Chinese company SMIC, according to a teardown by Bloomberg.

Persons: isn't, Trump, Gina Raimondo, CGTN, Sanford C, Bernstein Organizations: Huawei, Service, Apple, Staff, Wall Street, ZTE, US, Weibo, Bloomberg, Sanford Locations: China, Beijing, Wall, Silicon, Cupertino, Europe

☆ This international stock picker is outpacing peers with differentiated, long-term bets
▼ + stars: | 2023-07-07 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

In 2019, it launched its International Fund. Today, the investor manages the Diamond Hill International Fund (DHIAX) , rated five stars by Morningstar. Mohanraj expects that's because of the fund's emphasis on differentiated bets. The Diamond Hill fund, which is benchmarked against the MSCI ACWI ex USA Index, has roughly $65 million in assets, a 1.150% expense ratio, and . "And it's that idea of a highly curated portfolio, of what I want to own in international, that's the mindset."

Persons: Krishna Mohanraj, Sanford C, Bernstein, that's, Mohanraj, Morningstar, DHIAX, What's, Dino, they've, Mario, V, Prem Watsa who's, Warren Buffett, Berkshire Hathaway, Warren Buffett's Organizations: Diamond Hill Capital Management, Diamond Hill, International Fund, i2 Technologies, Sanford, Dino Polska SA, Polska, Dino Polska, Nintendo, Mario Bros, Office, Fairfax Financial Locations: Diamond, South India, U.S, Warsaw, Poland, Japanese, Fairfax, Canadian, Canada, Berkshire

☆ Bernstein says buy this China-based personal finance stock that can rally nearly 60%
▼ + stars: | 2023-06-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should buy Lufax as the China-based lending company pivots, according to Sanford C. Bernstein. Small- and medium-sized business lending has outpaced the GDP growth in China by three to four times, the analyst wrote. And despite the recent economic slowdown, Yu said new loans should resume at a compound annual growth rate of about 15% between 2024 and 2027. That would represent a "U"-shaped recovery, with earnings per share bottoming out before growing at a compound annual rate of 20% between 2024 and 2027, Bernstein said. After taking more risk exposure, the company's impairment losses are expected to grow at a compound annual rate of 15%.

Persons: Sanford C, Bernstein, Tianjiao Yu, Yu, Lufax, Michael Bloom Organizations: U.S, LU Locations: China, 2023E

☆ U.S. banks sink on concerns about office real estate loans
▼ + stars: | 2023-05-31 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

Investors worried about potential losses among banks from office real estate loans after comments from executives, including Wells Fargo & Co's (WFC.N) Chief Executive Officer Charlie Scharf and Blackstone President Jonathan Gray at a Sanford C Bernstein investor conference. Meanwhile, Blackstone's Gray talked about "unprecedented weakness" in older office buildings while noting that this segment currently makes up less than 2% of company's equity portfolio in real estate. Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey said "continued concern over loans made to the office market," was hurting bank stocks broadly on Wednesday, citing the Wells Fargo comments. "The implication is that there are those that will suffer even if Wells Fargo is diversified enough," Meckler said. KeyCorp, down 5.5%, was the biggest decliner in the S&P bank index, and Zions was next, down 4.9%.

Persons: Andrew Kelly, Wells, Charlie Scharf, Blackstone, Jonathan Gray, Sanford C, Wells Fargo's Scharf, Blackstone's Gray, Gray, Bernstein, Rick Meckler, Meckler, Morgan Stanley, Goldman Sachs, Zions, Sinéad Carew, Mehnaz Yasmin, Nick Zieminski Organizations: Citibank, New York Stock Exchange, REUTERS, Banks, Investors, Buyers, Cherry Lane Investments, Citigroup, JPMorgan Chase &, Bank of America, Citizens Financial, Western Alliance Bancorp, PacWest Bancorp, Comerica, PNC Financial Services, Fifth Third Bancorp, Federal Deposit Insurance Corporation, Thomson Locations: Manhattan , New York City, U.S, New Vernon , New Jersey, New York, Bengaluru

☆ Sallie Krawcheck says a single decision was almost ‘the end of my career’—instead it launched her to Wall Street stardom
▼ + stars: | 2023-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

Sallie Krawcheck's legendary Wall Street career almost ended soon after it began. The move was slammed by her Wall Street peers. On Wall Street, the consensus is often seen as the safest bet. You were among the first female CEOs on Wall Street. The upside to running one of these storied Wall Street firms is [that] I'm going to get to turn it around, I'm going to learn a tremendous amount, I'm going to do something no one else has done.

"Most luxury retailers don't think Hong Kong will return to the dizzy levels of 2014 when the market here peaked," said Simon Smith, Savills' senior director of research and consultancy in Hong Kong. Morgan Stanley (MS.N) forecast Hong Kong visitor numbers this year will reach just 70% of 2018 arrivals. It estimates retail sales will grow 15%, holding at around 80% of retail trade from the pre-COVID year. That outstripped total Hong Kong retail sales from a peak hit in 2013 at HK$494.5 billion ($63.0 billion), according to the city's statistics department. ($1 = 6.8510 yuan)($1 = 7.8498 Hong Kong dollars)Reporting by Farah Master, Jessie Pang, Anne Marie Roantree, Angel Woo and Donny Kwok in Hong Kong, Sophie Yu in Beijing, and Mimosa Spencer in Paris; Writing by Miyoung Kim; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Seeing really positive trends in European auto sector despite weak macro setting: Bernstein
▼ + stars: | 2023-02-21 | 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 EmailSeeing really positive trends in European auto sector despite weak macro setting: BernsteinDaniel Roeska, managing director of automotive research at Sanford C. Bernstein, weighs in on euro zone car registration numbers, outlining which car stocks he believes will perform best in 2023.

☆ International ETFs are surging to start 2023, but investors should brace for volatility
▼ + stars: | 2023-01-13 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

"'We believe Asian markets are well positioned vs. developed markets as we expect China re-opening to be a key driver, which would benefit even Asia ex China markets," McCarthy wrote. Broadening that out even further, emerging markets in general are a favorite of many investment strategists. But emerging markets can be tricky for investors, and volatile. Another way for investors to play a recovery in emerging markets, with more dispersed currency and political risk, could be sector funds tied to commodities. "I can buy ETFs that have exposure to say BHP, Rio Tinto, Anglo American, Glencore," Sohn said.

☆ Southwest's antiquated and atypical flight systems are partially responsible for cancellation chaos, airline experts say
▼ + stars: | 2022-12-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

An outdated scheduling system and unique flight network structure exacerbated the problem. Airline analysts and industry experts told Insider and other outlets that Southwest's outdated scheduling system and atypical approach to mapping its flight network were partially responsible for the crisis. Canceled Southwest Airlines flights show on a monitor at Hollywood Burbank Airport, Tuesday, Dec 27, 2022. The problem has been further inflamed by Southwest's scheduling system. Passengers wait in line to claim their baggage at Nashville International Airport after their flights on Southwest Airlines were cancelled in Nashville, Tennessee, on December 27, 2022.

☆ OCBC profit jumps 31%, rounding up record quarter for Singapore banks
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: +2 min

In this article OCBC-SG Follow your favorite stocks CREATE FREE ACCOUNTThe signage of Oversea-Chinese Banking Corp. (OCBC) at OCBC Centre in Singapore, on Wednesday, Aug. 3, 2022. Edwin Koo | Bloomberg | Getty ImagesSoutheast Asia's second-largest lender Oversea-Chinese Banking Corp (OCBC) joined its Singapore peers in beating market estimates and pumping out record quarterly profits as banks rake it in on higher interest rates. But analysts say growth could be derailed by a big increase in U.S. interest rates — already at multi-year highs — as central banks try and tackle runaway inflation. watch nowOCBC said on Friday its net profit increased to S$1.6 billion ($1.13 billion) in July-September versus the S$1.55 billion average estimate from four analysts, according to Refinitiv data. On Thursday, the bank's larger peer DBS Group reported a forecast-beating 32% jump in quarterly profit to a record high while UOB Group also posted a record quarterly profit.

☆ Pfizer releases more data indicating omicron boosters are better than old Covid shots
▼ + stars: | 2022-11-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Pfizer and BioNTech also found that people with and without prior Covid infections had a significant increase in their antibody levels after the omicron boosters. Pfizer and BioNTech released more human data Friday indicating the omicron BA.5 boosters perform better than the old Covid shots. Pfizer and BioNTech released the first human data in October showing the omicron boosters trigger a better immune response. They found the new boosters and the old shots performed about the same against omicron BA.5. The scientific community and public health officials are closely following data on the boosters because the FDA authorized them without direct human data.

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