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☆ Pourreza: Domestic manufacturing and grid electrification are driving increased energy demand
▼ + stars: | 2024-09-16 | 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 EmailPourreza: Domestic manufacturing and grid electrification are driving increased energy demandShahriar Pourreza, Senior Managing Director for the Energy, Power, and Utilities team at Guggenheim, says a rate cut won't significantly impact utilities. He sees a 9% undervaluation due to growing energy demand and picks NextEra as a top renewable energy developer.

Organizations: Energy, Power, Utilities, Guggenheim

☆ With tech stocks on the sale rack, here are levels to buy Meta and 3 other megacaps
▼ + stars: | 2024-09-05 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, given that September has historically been the worst month of the year for the market, we're layering in some technical analysis to identify some buy levels. We published our prior buy levels analysis on June 26. Clearly, we should have been a bit more conservative in our buy levels, however, in our defense shares only traded below $162 for two days. However, we must be mindful that a move there would once again mean we've broken below the 200-day moving average. Below that and we're looking for the 200-day moving average to hold at around $89 apiece.

Persons: we're, we've, that's, wouldn't, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg, Emily Chang, Jason Henry Organizations: Microsoft, Nvidia, Club, CNBC, Meta, Inc, Bloomberg, Getty Locations: Menlo Park , California

☆ Squeeze on carry trades leave currency markets on edge
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +3 min

The Japanese yen and U.S. dollar on display in Yichang, Hubei province, Nov 13, 2023. The yen was 1% lower on Tuesday at 145.78 per dollar in early trading, after rising for five straight sessions and touching a seven-month high of 141.675 on Monday. "Sell-offs that manifest themselves through wild swings in the currency markets are sharp and swift, but usually very short lived," said Jamie Cox, managing partner at Harris Financial Group. "Markets are clearly nervous about the divergent paths central banks are taking, leading to lots of volatility." The dollar index , which measures the U.S. unit versus six rivals, was flat at 102.87 in early trading after touching a seven-month low of 102.15 on Monday.

Persons: Jamie Cox, James Athey, undervaluation Organizations: U.S, Federal Reserve, Federal, Harris Financial, Traders, Bank of Japan, Marlborough Investment Management Locations: Yichang, Hubei province, recessionary, Japan, Switzerland, Tokyo

☆ Activist Starboard took a stake in Match. Here are steps the investor may take to help lift shares
▼ + stars: | 2024-07-20 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On July 15, Starboard sent a letter to Match highlighting various opportunities to improve operations, financial results and capital allocation. Match's EBITDA margin of 36% may be high for an average company, but it's low for a company like Match. Starboard thinks that this is a highly valuable asset that may be well-suited to operate as a private company. Starboard is not the first activist to launch a public campaign at Match.

Persons: Russell, Bernard Kim's, Jeff Smith, Thomas McInerney, Smith, Elliott, Ken Squire Organizations: IAC, Altaba, Yahoo, Elliott Management, Anson, 13D

☆ 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 lack of estate planning contributes to the racial wealth gap in homeownership. How JPMorgan is stepping in to help
▼ + stars: | 2024-06-18 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Owning a home can provide a way to build wealth that will transfer from one generation to the next. One such issue, known as heirs' property, happens when homeowners die without a will and informally leave property to multiple descendants. The non-formal ownership may make it difficult to pass on property, access government assistance in the event of a natural disaster and to qualify for property tax relief, according to research from JPMorgan Chase. JPMorgan Chase on Tuesday announced it is providing more than $9.6 million in philanthropic commitments to organizations that help preserve homeownership by addressing heirs' property issues, appraisal bias and the undervaluation of homes. Both heirs' property and appraisal bias disproportionately affect communities of color.

Persons: JPMorgan Chase Organizations: D.C, JPMorgan Chase, JPMorgan Locations: Parkland , Florida, Washington

☆ Hedge fund manager known for M&A picks reveals a new takeover target
▼ + stars: | 2024-05-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Oil services company Weatherford International is a ripe takeover target, according to Alexander Roepers, founder and chief investment officer at Atlantic Investment, who said the stock is set to soar. The Cambrian Fund at Atlantic Investment is up by about 40% over the past one year. The other two, Univar Solutions and West Rock, were acquired by private equity giant Apollo and Smurfit Kappa , respectively, resulting in significant gains for Atlantic Investment. SMDS-GB 1Y line Atlantic Investment ultimately sold its position, as they believed the company's value was between 450 and 500 pence. When asked about his approach to selling stocks, Roepers emphasized the importance of discipline.

Persons: Alexander Roepers, Weatherford, WFRD, Roepers, Kappa, Smith, I'm Organizations: Weatherford, Atlantic Investment, Schlumberger, Halliburton, London Value Investor Conference, Cambrian Fund, Value, Rheinmetall, Solutions, Investment Locations: Texas, Weatherford, Roepers, Ukraine, Atlantic, British, U.S

☆ Property Taxes Drive Racism and Inequality - The New York Times
▼ + stars: | 2024-04-11 | by ( Andrew W. Kahrl | ) www.nytimes.com time to read: +3 min

Property taxes, the lifeblood of local governments and school districts, are one of the most powerful and stealthy engines of racism and wealth inequality our nation has ever produced. In theory, the property tax would seem to be an eminently fair one: The higher the value of your property, the more you pay. This results in wealthy communities enjoying lower effective tax rates while generating more tax revenues; at the same time, poorer ones are forced to tax property at higher effective rates while generating less in return. And for all the taxes Black people paid, they got little to nothing in return. During those years, the nation’s real estate industry made white-owned property in white neighborhoods worth more because it was white.

Persons: Biden, Jim Crow Locations: Virginia’s, Northern

☆ Tesla short-seller names 2 auto stocks to own — giving them 100% upside
▼ + stars: | 2024-04-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors. Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14. His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates . Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development. "I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.

Persons: Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal Organizations: Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis

☆ The state of women's sports: Top executives weigh in on parity, media share and NIL regulations
▼ + stars: | 2024-03-17 | by ( Jessica Golden | ) www.cnbc.com time to read: +12 min

From Caitlin Clark fever in Iowa to a packed house of 92,000 fans for women's volleyball in Nebraska, women's sports have never been more at the forefront. Last year saw record media deals for women's sports as the NCAA and NWSL both inked groundbreaking agreements. David Dow | Getty ImagesCathy Engelbert, commissioner of the Women's National Basketball Association: One of the obstacles is the undervaluation of our assets. Jayna Hefford, senior vice president of operations for the Professional Women's Hockey League: Women's sports still struggle to secure prime broadcast windows, consistent airtime and traditional media coverage. Steven Ferdman | Getty ImagesAmy Howe, FanDuel CEO: Women's sports need to continue to position their star athletes (i.e.

Persons: Caitlin Clark, Matthew Holst, there's, Renie Anderson, Jessica Berman, Jesse Grant, CNBC Jessica Berman, Cathy Engelbert, Breanna Stewart, David Dow, Jessica Gelman, John Lamparski, KAGR, Caitlin Clark's, Jayna Hefford, Haley Rosen, Mollie Marcoux Samaan, Michael Reaves, LPGA we've, Katrina Adams, Louis Armstrong, USTA Billie Jean King, Steven Ryan, Sabrina Ionescu, Coco Gauff, —, Berman, Pamela Duckworth, Engelbert, Magic Johnson, Larry Bird, Michael Jordan, Amy Howe, Steven Ferdman, FanDuel, Ionescu, A'ja Wilson, Rosen, Adams, they've, Renie, Anderson, I'm, influencers, Duckworth, Angel Reese, Billie Jean King, Jayna, Mark Blinch Organizations: Iowa Hawkeyes, NCAA, Michigan Wolverines, Carver, Getty, women's, Deloitte, CNBC, NFL, National Women's Soccer League, National Women's Soccer, WNBA, New York Liberty, Kia, Connecticut Sun, National Basketball Association, Business, New York Marriott Marquis Hotel, MIT Sloan Sports Analytics, MIT Sloan Sports Analytics Conference, Sports, Professional Women's Hockey, Association, Tiburon Golf Club, Professional, LPGA, USTA, Louis, USTA Billie, USTA Billie Jean King National Tennis Center, United States Tennis Association, Women's Tennis, Fubo Studios, FuboTV, NBA, Nike, Wall, Spring Studios, Renie Anderson NFL, Toronto, New York, Mattamy Athletic Centre Locations: Iowa City , Iowa, Iowa, Nebraska, Brooklyn , New York, New, New York City, Naples , Florida, NY, Toronto , Ontario, Canada

The report highlights the numerous human rights violations that have occurred as a result of mining activity. The mine is operated by Compagnie Minière de Musonoie Global SAS, or COMMUS, a joint venture between Chinese company Zijin Mining and the state-owned Gecamines mining company. Often there was no grievance mechanism, accountability, or access to justice.”Amnesty International says companies are not doing enough to address human rights concerns and are disregarding international human rights laws and standards, as well as national legislation and U.N. Guiding Principles on Business and Human Rights. Decarbonizing the global economy must not lead to further human rights violations,” it said.

Persons: “ Ernest Miji, Chemaf, COMMUS, Donat Kambola Organizations: Amnesty International, U.S . House, Good, Human, Resources, Residents, Coalition, Rights, Amnesty, Compagnie Minière de, Global SAS, Mining, AP Locations: ABUJA, Nigeria, Congo, U.S, Kolwezi, Lualaba Province, Lualaba, Dubai, Cité

☆ Tech stocks are likely overvalued and will run out of steam by year-end, Aswath Damodaran says
▼ + stars: | 2023-09-07 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Technology stocks are likely overvalued after massive runups, according to Aswath Damodaran. "On a pricing basis, when you've [seen] as much of a run-up as you've had, you are more likely to be overvalued than undervalued," Damodaran told CNBC's "Closing Bell" on Thursday. "You don't get a 40% run-up on companies of this size without expecting some degree of overvaluation." As recently as January, some of the bigger players in the tech sector were skewed to an undervaluation, he said. As the end of the year approaches, the trend could shift, he said, even if investor sentiment remains strong more broadly.

Persons: Aswath, you've, Damodaran, CNBC's, wasn't Organizations: New York University Stern School of Business, Apple, Microsoft, Nvidia

☆ This Fidelity manager has crushed the S&P 500 since 1989—here's his advice for investors
▼ + stars: | 2023-08-21 | by ( Ryan Ermey | ) www.cnbc.com time to read: +7 min

Since his fund, Fidelity Low-Priced Stock, launched in December 1989, investors have enjoyed an annualized total return of about 13%. The same investment in an S&P 500 index fund would be worth about $25,000. How do you define a value stock? Joel Tillinghast Lead manager, Fidelity Low-Priced StockThere's so much more information through news media and Wall Street. Put it in the index fund or find a better manager.

Persons: Joel Tillinghast, you'd, Tillinghast, — Morgan Peck, Sam Chamovitz —, they're, Russell, Sam Chamovitz, You've, Warren Buffett, Will Danoff Organizations: Fame, Fidelity, Morningstar Direct, CNBC, Street, Beverage Locations: Tillinghast's, Japan

☆ Nine out of 10 people are biased against women, UN report finds
▼ + stars: | 2023-06-12 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +5 min

Biased gender social norms are a major barrier to achieving gender equality, the report’s authors warn, adding that the undervaluation of women’s capabilities and rights in society constrains women’s choices and opportunities. A global backlash against women’s rights and the far-reaching consequences of the Covid-19 pandemic have worsened the issue, the report notes. “Social norms that impair women’s rights are also detrimental to society more broadly, dampening the expansion of human development. This can be a very effective way of challenging gender norms around how care work is viewed,” said Raquel Lagunas, director of UNDP’s Gender Team. “Let’s be clear: global frameworks are not working for the world’s women and girls.

Persons: ” Pedro Conceição, ”, Raquel Lagunas, ” Lagunas, General António Guterres, Guterres, ” Guterres, Roe, Wade, Poland –, “ Organizations: CNN, UN, United Nations Development Programme, “, ” United Nations, United States Locations: Afghanistan, Poland

☆ Morgan Stanley says the global education market will be worth $8 trillion, and names 4 stock picks
▼ + stars: | 2023-05-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Global spending on education will be worth $8 trillion by 2030, Morgan Stanley predicts, saying there are opportunities in the market that are "just beginning to be enabled by technology." Stock picks Morgan Stanley named seven stock picks to capitalize on the trend. 3P Learning : Morgan Stanley said the Australian firm is a "distinct" product that reaches a wide variety of groups – schools, teachers, parents and home users. Arco Platform : Morgan Stanley says Arco is a leader in Brazil's K-12 learning systems, and has a presence throughout the country. YDUQS : Morgan Stanley noted the firm, which is also a Brazilian player, is committed to being accessible and affordable to lower-income groups.

☆ Racial homeownership gap larger now than a decade ago
▼ + stars: | 2023-03-02 | by ( Anna Bahney | ) edition.cnn.com time to read: +7 min

The homeownership rate for White Americans in 2021 was 72.7%, but the rate for Black Americans was 44%, according to NAR’s analysis of the most recent data. The homeownership rate for Asian Americans was 62.8% and for Hispanic Americans it was 50.6%. The homeownership rate for Black Americans varies from 15% to 55% across the country. The states with the highest homeownership rate for Black Americans were South Carolina at 55%, Delaware at 54%, and Mississippi at 54%. Meanwhile, the homeownership rate for White Americans ranged from 50% to 81% across the country.

☆ 'Play offense, not defense': Analyst says buy the dip in these stocks
▼ + stars: | 2023-02-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

"We do think stocks have pretty good upside from here," he said. That should give the stock market a little bit of a tailwind," Katz said on Friday. "We generally find that we're successful buying fallen angels or growth stocks that have long trajectories at value prices." "[We] recommend that investors position portfolios for better times 12 months out and play offense, not defense," he added. Stock picks Katz named four stocks he said look like quality businesses at attractive prices right now.

☆ Biggest risk for UK stocks right now? There's no recession, strategist says
▼ + stars: | 2023-01-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

An employee views a FTSE share index board in the atrium of the London Stock Exchange Group Plc's offices in London, U.K., on Thursday, Jan. 2, 2020. Bloomberg | Bloomberg | Getty ImagesLONDON — The biggest risk to the U.K. stock market is avoiding a widely anticipated recession, according to Roger Lee, head of U.K. equity strategy at Investec. The Bank of England has projected that the U.K. has already entered its longest recession on record. Higher interest rates are negative for growth-oriented stocks as the value of their future earnings is diminished in today's money. Growth stocks contribute a far higher proportion of the U.S. market than in the U.K.watch now

☆ These 12 small-cap stocks are undervalued and trading at deep discounts of up to 80%, according to Morningstar
▼ + stars: | 2023-01-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Small-cap stocks are trading at the greatest discount relative to their larger counterparts. Instead, investors spent the year shifting from growth to value stocks in an attempt to seek a safe haven. He specified small-cap stocks, which are trading at the greatest discount relative to their larger counterparts. The Federal Reserve is then expected to ease its monetary policy, which would lead to a rebound in the stock market. The caveat is that many of these small-cap stocks also have a high uncertainty rating, which indicates how closely Morningstar thinks its forecast will match the company's outcome.

☆ Stocks steady, yields rise as rate risks cloud 2023 outlook
▼ + stars: | 2022-12-19 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

By 1152 GMT, the index was broadly unchanged after a heavy week for rate increases on Friday sent it to its lowest point since Nov. 10. Long-term borrowing costs rose for a fourth straight session and short-dated yields remained not far off their highest levels in more than a decade. It wreaked havoc even on rate markets," said Carlo Franchini, head of institutional clients at Banca Ifigest in Milan. Ten-year Treasury yields rose 4 basis points (bps) to 3.522%. Gold inched 0.1% higher at $1,764 an ounce, as a softer dollar countered pressure from expectations of higher U.S. rates.

Summary Global stocks index up 0.1%Japan could tweak inflation target - sourceshttp://tmsnrt.rs/2yaDPgnhttp://tmsnrt.rs/2egbfVhMILAN, Dec 19 (Reuters) - World stocks inched higher on Monday but stayed near 6-week lows as investors started the year's last full trading week still mindful of interest rate hike risks to the economy in 2023. By 0902 GMT, the index rose 0.1% after a heavy week for interest rate increases on Friday sent it to its lowest point since Nov. 10. It wreaked havoc even on rate markets," said Carlo Franchini, head of institutional clients at Banca Ifigest in Milan. "Except for the BOJ and perhaps the Bank of England, there's little confidence in the other central banks. Japan's Nikkei (.N225) fell 1.05% to a six-week low and the yen rose 0.5% to 135.9 per dollar.

☆ Rising interest rates give pause to festivity for markets
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Japan's Nikkei (.N225) fell 1.1% and the yen , which rose about 0.4% to 136.20 per dollar, was the biggest mover in otherwise quiet currency trade. Japan will consider revising a 2% inflation target agreed between the government and central bank next year, four sources familiar with the matter told Reuters. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ Festivity on hold for stocks as rate hikes loom
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.1%. Japan will consider revising a 2% inflation target agreed between the government and central bank next year, four sources familiar with the matter told Reuters. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

☆ Festivity on hold for stocks as rate hikes beckon
▼ + stars: | 2022-12-19 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

Japan's Nikkei (.N225) fell 1% in early trade and the yen , which rose about 0.5% to 136.00 per dollar, was the biggest mover in quiet currency trade. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.4%. The yen has been the worst-performing G10 currency this year, with a 15% loss against the dollar, driven mainly by the gap between rising U.S. rates and anchored Japanese rates. U.S. rates were steady last week, despite the Fed projecting further hikes ahead, as traders fret that interest rates are already high enough to start hurting economic growth. It is down 20% for the year and has failed in several attempts at sustainably trading above its 200-day moving average.

And economic policy is only gradually being taped back together before the BoE meets again. It's also pulled the implied peak Bank rate next year some 150bp lower to 4.75% over the same period - back below the assumed 'terminal rate' at the U.S. Federal Reserve. "We see the risks skewed towards the BoE sounding dovish this week and ultimately "underdelivering" versus current pricing," the Deutsche analyst wrote. Central bank rate hikes and SterlingReuters Graphics Reuters GraphicsThe opinions expressed here are those of the author, a columnist for Reuters. by Mike Dolan, Twitter: @reutersMikeD; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

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