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☆ 4 high-conviction stock picks from top ETF managers — including GMO and a fund up 90% since 2022
▼ + stars: | 2024-07-24 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Texas InstrumentsMarkets InsiderFund: GMO US Quality ETF (QLTY)Weight in fund: 3.8%Tom Hancock, the manager for the GMO US Quality ETF (QLTY), identified Texas Instruments (TXN) as the holding in his fund he's most bullish on given that it has recently underperformed much of the semiconductor industry. "Texas Instruments is a semiconductor company without a strong 'AI' story behind it. The stock has hence lagged its industry despite great long-term fundamentals and strong management," Hancock said. "Those chips go into all manner of applications across industrial, automotive, consumer electronics, communications infrastructure as well as data centers. Shares of Texas Instruments are up 7% over the last 12 months.

Persons: Tom Hancock, Hancock, QLTY Organizations: Texas, TI, Texas Instruments

☆ A famed economist who called the 2008 recession shares 5 signs the US is on the brink of a downturn — all while the stock market shows concerning weakness beneath the surface of record highs
▼ + stars: | 2024-07-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But don't bet on a soft landing outcome for the US economy as the Fed gets set to cut rates, says famed economist David Rosenberg. AdvertisementRosenberg ResearchRosenberg's downbeat views on the labor market come amid his skepticism about the impressive rallies in major stock-market indexes like the Nasdaq 100 and the S&P 500. Still, as Rosenberg points out, some say the Fed needs to act urgently as the labor market weakens. Waiting too long to lower interest rates to support the economy will only increase the odds of the job market breaking down." Rosenberg has been consistently bearish on the US economy in recent months, while the labor market has continued to prove him wrong.

Persons: —, David Rosenberg, Rosenberg, Merrill Lynch's, Eli Lilly, Russell, Neil Dutta, Dutta Organizations: Service, Fed, Rosenberg Research, Business, Bureau of Labor Statistics ', Survey, Nasdaq, Nvidia, Microsoft, Meta, Macro

☆ A CIO overseeing $22 billion shares his 3 favorite market areas — and 3 reasons the Magnificent 7's earnings growth can't last forever
▼ + stars: | 2024-07-12 | by ( William Edwards | Christine Ji | ) www.businessinsider.com time to read: +4 min

He favors small-cap, mid-cap, and quality stocks over the Big Tech mega-caps leading the market rally for three reasons. One is that the earnings winning streak that Magnificent Seven stocks have enjoyed is simply difficult to keep going. In the first quarter of this year, Magnificent Seven earnings grew by 50% annualized year-over-year, according to Ned Davis Research. Wall Street estimates Magnificent Seven earnings will grow by 28% year-over-year in Q2. When it comes to innovating and adapting, small and mid-cap companies' size gives them a relative advantage.

Persons: —, Larry Kochard, Ned Davis, Kochard, reinvesting, It's, it's Organizations: Service, Big Tech, Capital Management, Business, Ned Davis Research, Wall, The, Apple, Google, Microsoft, Nvidia, European Union, Quality

☆ ETF Innovators: 11 people disrupting the industry, creating unique products, and delivering mammoth returns
▼ + stars: | 2024-07-11 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

We highlight 11 people disrupting the ETF industry and delivering impressive returns for investors. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to PwC, total ETF assets under management have grown by almost 19% a year over the last five years. And asset management giants seem more willing to enter the ETF space, according to Nate Geraci, president of The ETF Store. This story is available exclusively to Business Insider subscribers.

Persons: —, It's, Morningstar, Nate Geraci Organizations: issuances, Service, Securities, Exchange, Business Locations: PwC

☆ A top 2% fund manager over the past 15 years shares 3 red flags marking trouble ahead for major stock-market indexes — and says these 2 investments are trading at big discounts
▼ + stars: | 2024-07-06 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Bill Smead warns of poor long-term performance for stock indexes like the S&P 500. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Smead doesn't like the long-term outlook for big stock-market indexes like the S&P 500 and Nasdaq 100. Despite their recent resilience and rallies to new highs, he said he sees a few red flags that could lead to poor performance for the broader market ahead.

Persons: Bill Smead, —, Morningstar Organizations: Service, Nasdaq, Business

☆ A notorious market bear who called the 2000 and 2008 crashes shares 3 charts revealing striking similarities between today's market and the most extreme bubbles — and warns of 50-70% downside for the
▼ + stars: | 2024-06-29 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

"In contrast, current valuation extremes imply potential downside risk for the S&P 500 on the order of 50-70% over the completion of this cycle." JPMorgan's Marko Kolanovic expects the S&P 500 to fall to 4,200, while more extreme forecasts include Jeremy Grantham's estimate in the low 3,000s. And as the stock market ground mostly higher, he persisted with his doomsday calls. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up about 26% over the past year.

Persons: —, Jonathan Golub, Count John Hussman, Hussman, Hussman's, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, JPMorgan's Marko Kolanovic, Jeremy Grantham's Organizations: Service, UBS, Business, Hussman Investment Trust, New York Stock Exchange, Investor Intelligence

☆ 3 ETF investing strategies to use to protect your portfolio from potential downside as big indexes like the S&P 500 become riskier, according to an ETF expert
▼ + stars: | 2024-06-23 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewMajor stock market indexes look virtually unstoppable. 3 alternatives to market cap-weighted indexesTo combat growing concentration risk for the S&P 500, Geraci laid out three alternative investing approaches to consider. In a downside scenario for a stock like Nvidia, this could help minimize the damage it would do to the cap-weighted S&P 500. And third, consider international stocks, which have dramatically lagged US stocks, Geraci said. Core Equity 2 ETF (DFAX), and the iShares MSCI Emerging Markets ETF (EEM) offer exposure to international stocks.

Persons: —, Nate Geraci, Geraci, LPL Financial's Adam Turnquist, Turnquist, There's Organizations: Service, Nasdaq, Business, Nvidia, Microsoft, Google, RSP, First Trust NASDAQ, Schwab, FTSE, Core Equity

☆ A 28-year market vet shares 2 similarities between the dot-com bubble and today's stock market environment — and 4 threats to the AI trade that could spoil the rally
▼ + stars: | 2024-06-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThere are two major similarities between today's stock market environment and the dot-com bubble era, says RIA Advisors CIO Lance Roberts. RIA Advisors/AccentureAnd two, there is a small group of firms leading the overall stock market rally, just as it was in 2000. He's a bit more optimistic this time around because of the robust earnings performance fueling the few stocks leading the market. Advertisement"We are again experiencing another of these speculative 'booms,' as anything related to artificial intelligence grips investors' imaginations," Roberts said.

Persons: —, Lance Roberts, Roberts, Jonathan Golub Organizations: Service, RIA, Business, Accenture, Nvidia, UBS, Investors, Federal Reserve

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ A Bank of America analyst beating 92% of his peers shares his 2 high-conviction stock picks right now — both of which have crushed the market over the last year
▼ + stars: | 2024-06-14 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Chris Nardone, a top-ranked analyst at Bank of America, shares his top stock picks. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Chris Nardone started working at Bank of America out of college in 2013, he wasn't even in the firm's equity research department. Working initially as a risk analyst, he knew he wanted to shift gears and eventually stepped into a research analyst role after listening in on the team's daily calls.

Persons: Chris Nardone, Nardone, Ralph Lauren, — Organizations: Bank of America, Service, Business Locations: Asia

☆ This basket of highly profitable healthcare stocks compiled by Piper Sandler has crushed the S&P 500 by 22% over the last year. Here are the 7 stocks on the list.
▼ + stars: | 2024-06-11 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Investors should focus on high-quality stocks, says Piper Sandler's Michael Kantrowitz. High-quality stocks have high profit margins, earnings growth + momentum, and stable balance sheets. High-quality healthcare stocks in the S&P 500 beat the overall index by 22% over the last year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPiper Sandler's Chief Investment Strategist Michael Kantrowitz says investors should be focusing on high-quality stocks.

Persons: Piper Sandler's Michael Kantrowitz ., —, Piper, Michael Kantrowitz Organizations: Service, Business

Mike Kratky, 33, Leerink PartnersLeerink PartnersSector: Medical devices and technologyKratky's young career underwent a major shift in March 2020 — and it wasn't remote work. The Colgate University graduate thinks he's a better analyst for it because he now understands how readers of his research think. "The stock calls won't always go my way," Kratky said. All eight of the outperform-rated medtech stocks Leerink has covered since October have outperformed the S&P 500 and their industry index. The medtech industry is experiencing rapid change, particularly with the advent of GLP-1 drugs that treat obesity and diabetes.

Persons: Mike Kratky, Kratky, Leerink, He's, he's, Kratky's, — James Faris Organizations: Leerink Partners Leerink Partners, Nasdaq, Riley Securities, Colgate University, Tandem Diabetes Care Locations: Leerink

☆ It's time to take your cash out of CDs and money market funds as the Fed gets ready to cut rates, says a chief strategist at a $1.4 trillion firm. Here are 3 ways to earn attractive returns for years
▼ + stars: | 2024-06-05 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The last year and a half has been the best period in more than 20 years to be sitting in cash. Related stories"We know those attractive cash rates aren't going to last forever. Just as the aggressive rate hiking cycle took Treasury yields higher, interest rate cuts will eventually take all cash rates lower as well," Gillum said. And third, investors can build a bond ladder, meaning they stagger their money in different bond durations. "Bonds offer an optionality that you don't get from cash.

Persons: Lawrence Gillum, Gillum, there's Organizations: Service, Federal Reserve, LPL, Business, Bloomberg, Aggregate Bond, BNY Mellon, Schwab U.S, Fed

☆ 19 cities where the average mortgage payment is still under $1,200 a month — including taxes, utilities, and insurance — according to SmartAsset
▼ + stars: | 2024-06-04 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

But some markets are still very affordable relative to national median cost levels. A recent SmartAsset analysis reveals 19 cities with median monthly mortgage costs under $1,200. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ A 32-year market vet shares 2 charts showing stocks could be entering a major market peak — and warns a coming recession will send the S&P 500 plummeting more than 60%
▼ + stars: | 2024-06-01 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

It's been a near-frictionless seven months for the S&P 500, with the benchmark index up a cool 26% since late October. While earnings were just fine in the first quarter, if they start to decline alongside a slowing economy, stocks will go with them. He sees the S&P 500 declining by more than 50% when all is said and done. The current inversion of 580 days implies a drop of around 65% for the S&P 500. Those fears have since dissipated, and the S&P 500 has rallied 47% since October 2022.

Persons: It's, Jon Wolfenbarger, Merrill Lynch, BullAndBearProfits.com Wolfenbarger, Wolfenbarger, Bullandbearprofits.com Wolfenbarger, Jeremy Grantham, Marko Kolanovic, Albert Edwards Organizations: Service, JPMorgan, Fed, OVOM

☆ Investing legend Rob Arnott shares 3 trades to exploit underappreciated 'asymmetries' in the market right now — and 6 cheap investments he's betting will deliver 'double-digit' annual returns over the
▼ + stars: | 2024-05-31 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But both inflation and economic growth have upside and downside risks relative to consensus. AdvertisementOn inflation, Arnott believes it's far more likely that it surprises to the upside. AdvertisementTo take advantage of these asymmetries in the market, Arnott said that value stocks and TIPS are two investments that would perform well in a higher-inflation environment. One way investors can gain exposure to these assets is through funds like the iShares Core S&P U.S. Value ETF (IUSV), the Schwab U.S. More specifically, value stocks within both developed and emerging markets are trading in their "cheapest decile ever" compared to growth stocks, Arnott said.

Persons: —, Rob Arnott, Arnott, it's, there's, I've, I'm Organizations: Service, Treasury, Securities, Business, Research Affiliates, Federal Reserve, Value, Schwab, MLP, Funds, Equity Locations: Schwab U.S

☆ The 15 most renter-friendly US cities, where tenants save $1,200 or more a month compared to homeowners, according to SmartAsset
▼ + stars: | 2024-05-30 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Renting is cheaper than owning in many cities due to high prices and mortgage rates. SmartAsset ranked 343 cities on monthly cost differences between renting and owning a home. In cities like Los Angeles and New York, renters can save thousands per month vs. homeowners. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That means in many places, it's cheaper per month to rent versus own.

Persons: — Organizations: Service, Business Locations: Los Angeles and New York

We asked seven pro investors to identify the best trades of their careers and explain how the lessons from those decisions still apply today. The CBOE Volatility Index, also known as the VIX, shot above 40, essentially meaning traders were betting that the stock market would be exceptionally rocky over the following month. Jeff Muhlenkamp, lead portfolio manager at Muhlenkamp & CompanyJeff Muhlenkamp Muhlenkamp & CompanyJeff Muhlenkamp's namesake Muhlenkamp Fund (MUHLX) has been in the top 3% of its category in the past half-decade, thanks to trades like one he pulled off on Chinese internet firm Baidu (BIDU). "I pretty much expected, 'OK, if I get a double out of this in five years, I'll be happy' — that's pretty decent money," Muhlenkamp said. He noted that industrials within the Russell Mid Cap value index have returned 116% over the previous five years.

Persons: —, That's, Michael Burry, Warren Buffett, Berkshire, Rob Arnott, Tim Boyle, Arnott, I'd, Bob Elliott, Bob Elliott's, Elliott, Jeff Muhlenkamp, Jeff Muhlenkamp Muhlenkamp, Jeff Muhlenkamp's, Muhlenkamp, you've, Sona Menon, Cambridge Associates Sona Menon, Bryant VanCronkhite, Allspring Bryant VanCronkhite Allspring Bryant VanCronkhite, VanCronkhite, Russell, industrials, James Davolos, Davolos, George Patton, Harley Bassman, Harley Bassman's, Bassman, Merrill Lynch, I'm Organizations: Service, American Express, Business, Research, Bloomberg, Getty, Bridgewater Associates, Treasury, Securities, Muhlenkamp, Baidu, Google, North, Cambridge Associates, Allspring, Horizon Kinetics, Opportunities Fund, Credit Suisse Locations: industrials, West Africa, New York City, Guinea

☆ The generation that may never retire: Why some millennials are behind on savings — and how they can catch up
▼ + stars: | 2024-05-29 | by ( Jacob Zinkula | William Edwards | ) www.businessinsider.com time to read: +14 min

However, the average millennial reported roughly $63,000 in retirement savings so far. While millennials will need more money to retire comfortably, many are far away from the savings milestone experts suggest. What's more, the future of the US Social Security system is uncertain, and longer expected lifespans — while a positive development — will require more retirement savings. How to figure out how much retirement savings you needTiffany Bell, a 36-year-old business management professional based in Houston, didn't always take retirement savings seriously. How millennials can get their retirement savings back on trackWhile some millennials are struggling financially, it's not all doom and gloom when it comes to their retirement prospects.

Persons: Nathaniel Hudson, Hartman, millennials, Tiffany Bell, didn't, Bell, she's, they're, Chris Chen, Chen, Judi Leahy, it's, Leahy, NerdWallet, Bell —, —, X, What's, Nilay Gandhi, Roth, Rita Assaf, Assaf, Gandhi Organizations: Business, Northwestern Mutual, Pew, US Social Security, Fidelity, Financial, Citi, Wealth Management, Vanguard, Big, CFP, Roth IRA, Fidelity Investments, Savings, Hudson Locations: Portland, Houston, New York, Montana

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ These are the 12 most affordable US cities to buy a home in — where property values are less than 2.5 years' worth of local incomes — according to SmartAsset
▼ + stars: | 2024-05-21 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

SmartAsset identified 12 US cities with the cheapest home prices relative to local incomes. Median home prices in these cities are below $175,000, much lower than the US median. But they're also cheap on a relative basis, with homes costing less than 2.5 years of income. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: SmartAsset, — Organizations: Service, Business

☆ 3 commodities investments that take advantage of the ongoing boom, according to the manager of a fund that's smashing major indexes since inception
▼ + stars: | 2024-05-20 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

Commodities have surged in 2024; crude oil is up 12%, copper 26%, silver 25%, and gold 15%. McMillan suggests investing in gold, copper, and mining companies via ETFs for exposure. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Year-to-date, crude oil futures are up 12%, copper has risen 26%, silver has climbed 25%, and gold is up 15%. McMillan manages the IDX Commodity Opportunities Fund (COIDX), which is up 6.5% in 2024 and 2.6% since its inception on November 4, 2022.

Persons: McMillan, —, Ben McMillan Organizations: Commodities, IDX, Service, IDX Advisers, Fund, Bloomberg Commodities Index, Business

☆ A renowned market bear who called the dot-com bubble warns Wall Street groupthink is wrongly leading investors to abandon recession forecasts — and says a 'policy disaster' is brewing as the Fed keeps
▼ + stars: | 2024-05-18 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Various labor market indicators are also showing growing weakness in the economy, he said. Societe GeneraleNational Federation of Independent Business data shows further labor market weakness is likely to come, as small business hiring plans continue to fall. Both stats would suggest a rising unemployment rate going forward. In the meantime, the labor market has consistently proven resilient despite high interest rates, and stocks have enjoyed an eye-popping rally to new highs. Some also argue that labor market data points like the rising unemployment rate have to be shown with context.

Persons: —, Albert Edwards, didn't, Edwards, aren't, we'll, Societe Generale Edwards, Bob Elliott, groupthink Edwards, Alan Greenspan Organizations: Service, Societe Generale, Wall, Business, Societe Generale National Federation of Independent Business, ING, Generale, Unlimited Partners, Bridgewater Associates, of Labor Statistics, Tech

☆ Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow
▼ + stars: | 2024-05-16 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

US home prices are set to rise by 1.6% over the next 12 months, Zillow forecasts. Factors include population growth, mortgage rates, and cost of construction supplies, and more. AdvertisementHome prices in the US are set to rise by 1.6% on average over the next 12 months, according to Zillow forecasts. In a recent analysis, financial information site SmartAsset compiled Zillow's price growth forecasts for 192 US metropolitan areas over the next year. Below, we've listed 22 cities where Zillow expects to see the largest price growth through the end of March 2025.

Persons: — Organizations: Service, Business

☆ A former Bridgewater executive shares his 2 highest-conviction trades right now — and breaks down why the US labor market remains exceptionally strong despite apparent signs of weakness
▼ + stars: | 2024-05-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Another common worry among investors is the risk that elevated interest rates pose to the labor market and overall economy. AdvertisementThat difference is that prior cycles have been driven by lending, Elliott said. Lending growth fueled economic expansions and drops in lending led to economic contractions. He said it can act as a hedge against the Fed cutting rates too early with the economy still strong. AdvertisementInvestors can gain exposure to gold through funds like the SPDR Gold Shares (GLD) and the iShares Gold Trust (IAU).

Persons: St, Louis, Bob Elliott, Elliott, Louis Fed, It's Organizations: Service, Unlimited Funds, Bridgewater Associates, Federal Reserve, Treasury, Trust

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