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☆ The tech industry avoided an ‘extinction-level event,’ but it’s not unscathed
▼ + stars: | 2023-03-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

CNN —For much of the weekend, Silicon Valley scrambled to find a way through what one prominent tech investor described as an “extinction-level event for startups” after the collapse of a top lender in the industry. “You can feel the collective *sigh*,” Ryan Hoover, a tech founder and investor wrote on Twitter Sunday. SVB’s collapse also risks changing how the world, and prospective recruits, think of Silicon Valley. The bank worked with nearly half of all venture-backed tech and healthcare companies in the United States. President Joe Biden emphasized in remarks Monday that “no losses will be borne by the taxpayers” related to the government’s intervention for Silicon Valley Bank.

☆ Carl Icahn warned against trading stocks, railed against bad bosses, and revealed what drives him in a recent documentary. Here are his 12 best quotes.
▼ + stars: | 2023-03-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here are his 12 best quotes from a recent documentary titled "Icahn: The Restless Billionaire." The billionaire investor and Icahn Enterprises chairman also defended activist investing, and railed against bad bosses and overpaid executives, in "Icahn: The Restless Billionaire." Moreover, he revealed that he cares more about spotting golden opportunities than making money, and bemoaned America's enormous wealth gap. You're going against the trend. He just kept going and going until they killed him.

☆ Melinda Gates' venture fund just bet on hot women's health startup Tia. Here's the presentation it used to raise $100 million in 2021 to rebuild after COVID shutdowns.
▼ + stars: | 2023-03-08 | by ( Megan Hernbroth | Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

The women's healthcare startup Tia just landed funding from Melinda Gates' Pivotal Ventures. See the 30-slide presentation Tia used to raise $100 million in just three weeks in 2021. As gaps in reproductive healthcare worsen in the US post-Roe v. Wade, women's healthcare startup Tia wants to elevate the standards for women's physical, mental, and reproductive care. Before the pandemic, Tia was building in-person healthcare clinics for women without the virtual component. Here is the 30-slide presentation Witte used to raise Tia's $100 million Series B funding in just three weeks in 2021.

☆ TikTok's finance influencers are selling the idea that you can become a 'recession millionaire' if the market tanks
▼ + stars: | 2023-03-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

It also reinforces the idea that the stock market isn't the same the thing as the economy. During the Great Recession, many millennial investors were too young — or didn't have sufficient income — to capitalize on the market downturn. If a recession is on the horizon, Nelson says it would likely provide millennial investors a better buying opportunity. Seo says too many investors hold off on investing until they think the stock market has "bottomed-out." With inflation eroding Americans' savings, many people may simply not have the extra money to throw into the stock market.

☆ Wall Street's bullish comments push Apple to a possible breakout zone on its chart
▼ + stars: | 2023-03-07 | by ( Patti Domm | In | ) www.cnbc.com time to read: +2 min

Apple last closed above $156 in September. "The rally has lifted Apple up into strong resistance, creating a proving ground," said Katie Stockton, founder of Fairlead Strategies. AAPL 1Y line aapl Stockton said Apple could get to $158, the top of the resistance zone on its chart. If Apple were to make a move and hold at a higher level, it would be good for the overall stock market. "How Apple handles $156 to $157 will give us some clues as to whether this is just another bear market bounce," said Redler.

☆ She was weeks away from maternity leave at Twitter. Then Elon Musk took over
▼ + stars: | 2023-03-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +14 min

Twitter now reportedly has fewer than 2,000 employees following more cuts late last month, down from around 7,500 before Musk took over. CNN“We were on the Twitter-coaster, the Elon Musk chapter, for seven months,” Ali said. De Caires is one of the former Twitter employees taking legal action against the company following mass layoffs after Musk took over. Jeff Chiu/APInstead, Twitter employees say they heard very little from their new leader in the days immediately after his takeover. Attorney Shannon Liss-Riordan is representing around 1,500 former Twitter employees taking legal action against the company following Musk's takeover.

☆ This fund is trouncing the S&P 500 by focusing on international stocks
▼ + stars: | 2023-03-05 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

A fund once led by an investing great known for finding opportunities in distressed assets is beating the market — but with a somewhat different focus. The Third Avenue Value Fund (TVFVX) outperformed the S & P 500 in 2022, rising 11.2% while the broad-market index shed 19.4%. 'Go where the opportunities are' Fine said that can happen by looking at both country and industry trends. The fund had just over 40% and 30% of its holdings in small- and mid-cap companies, respectively, at the end of 2022. portfolio manager Matt Fine Fine was able to work under Whitman and eventually take over the value fund, which is one of the first the company created, in 2017, a year before Whitman died.

☆ Adani contrarian is a win for Hindenburg, too
▼ + stars: | 2023-03-03 | by ( Una Galani | ) www.reuters.com time to read: +6 min

GQG Partners is snapping up shares in four of the Indian tycoon’s nine core companies, including the flagship Adani Enterprises (ADEL.NS), along with Adani Green Energy (ADNA.NS), Adani Ports and Special Economic Zone (APSE.NS) and Adani Transmission (ADAI.NS). The mogul was trying to do just that last month with a $2.5 billion Adani Enterprise share sale before it was scuppered by Hindenburg’s sortie. Barring something truly exceptional, the scars of Hindenburg’s successful attack on Adani will linger for a while. GQG bought shares in Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and Adani Enterprises from entities owned by the Adani family. Adani has dismissed the allegations outlined in U.S. fund Hindenburg Research’s Jan. 24 report.

☆ Tesla bulls and bears are duking it out and one strategist now thinks Elon Musk's car company is "boring"
▼ + stars: | 2023-03-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The presentation did, however, lay out broad plans aimed at making Tesla the largest car company in the world. The announcements were tepid enough that strategists at Vanda Research wrote in a note to clients that this month could see a sell-off for Tesla stock. That said, Zacks Investment Research forecasts 30% upside for Tesla, and that climb could happen in 2023. While Tesla has long been touted as innovative and futuristic over the last decade, Bespoke Investment Group concluded that the company is now actually a normal, boring car maker. The stock market is getting the jitters with a key bearish signal flashing red again.

☆ 3 Must-Know Truths to Remain a Profitable Stock Trader
▼ + stars: | 2023-03-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Jason Shapiro trades the opposite side of overcrowded positions. "I believe that going against mass participation of the crowd is what's going to give you good risk-reward trades," Shapiro said. The disciplined traderThe biggest tip Shapiro wants new traders to understand is that the stock market isn't an ATM machine. There are already thousands of analysts and millions of traders working off the same information. There are also trades that may have worked at one point that eventually stop working, he noted.

☆ The stock market is about to get a signal to buy - and it's 'old economy' sectors like materials that will be worth a look, Bank of America says
▼ + stars: | 2023-03-01 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

A buy signal is about to flash for stocks, Bank of America said Wednesday. The S&P 500 is hovering close to the firm's year-end target of 4,000. Investors should take a look at "old economy" sectors like materials and energy. "But we do see stock selection opportunities, particularly in old economy sectors that have been starved of capital for 10+ years." The sector, which has a nearly 3% weighting on the S&P 500, is also most exposed to China's reopening after its extensive COVID lockdowns.

☆ These are the most popular ETFs among investors heading into March
▼ + stars: | 2023-02-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

February's reversal for stocks and renewed climb higher in benchmark interest rates resulted in more cautious investors, as shown by some of the month's most popular ETFs. The list of the most popular equity ETFs for the past month, measured by net inflows, shows a defensive tilt and suggests investors 'appetite for income funds remains strong. The next two funds on the list are from JPMorgan, including one red hot income fund. Other popular income funds include the Schwab US Dividend Equity ETF (SCHD) and the Pacer US Cash Cows 100 ETF (COWZ) . Outside of equity funds, the hunt for yield showed up in demand for short-term bond ETFs .

☆ The stock market and the economy are stuck on different pages - but the Fed's going to get the last word
▼ + stars: | 2023-02-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

It's one of my favorite books, and the idea is relevant today because "Catch-22" is a fitting characterization of what's facing stocks and economy right now. Good news isn't good news and bad news is good news. To be sure, inflation remains hot, as we saw in Friday's Personal Consumption Expenditure data — the Fed's preferred inflation gauge. Even as many top commentators are split on the outlook for the economy, markets appear stuck digesting a host of mixed signals, from strong economic data on the one hand, to fears of higher rates on the other. The billionaire Tesla chief has warned that the central bank could crush the value of the entire stock market.

☆ 5 contrarian investments to make now to profit as stocks defy the bears and go on a surprise rebound rally, according to a Fidelity strategy director
▼ + stars: | 2023-02-24 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Stocks have given up much of their year-to-date gains after a furious rebound rally to start 2023. Here are five contrarian investments to make if stocks rally despite a recession. Denise Chisholm, the director of quantitative market strategy at Fidelity Investments, has chosen the latter. If that's the case, Chisholm thinks stocks could enjoy a bear-defying relief rally this year. Investors looking to get exposure to Chisholm's preferred sectors can consider the following exchange-traded funds (ETFs): the Consumer Discretionary Select Sector SPDR Fund (XLY), the Financial Select Sector SPDR Fund (XLF), the Industrial Select Sector SPDR Fund (XLI), the Materials Select Sector SPDR Fund (XLB), and the Health Care Select Sector SPDR Fund (XLV).

☆ Anti-ESG crusader Ramaswamy launches U.S. presidential bid
▼ + stars: | 2023-02-22 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

A former biotechnology investor and executive, Ramaswamy will pursue the Republican nomination in what is shaping up to be a crowded field. A political outsider, Ramaswamy rose to prominence in 2021 as the author of "Woke Inc: Inside Corporate America's Social Justice Scam". But Ramaswamy's contrarian message made him popular in conservative political circles and a regular guest on cable TV shows. Ramaswamy co-founded Strive with former Anheuser-Busch Inbev SA executive Anson Frericks, who will continue to run the firm. Reporting by Isla Binnie in New York; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ This investor's fund returned 15% in a bad year for stocks. He shares his playbook and bets for 2023
▼ + stars: | 2023-02-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Yet one Asia veteran investor managed to return around 15% for his fund, the Asia Genesis Macro Fund. Best and worst trades Chua relied on a lot of short selling to carry him through 2022. His long trades included U.S. stocks, which contributed 13% in gains, as well as trying to time the Hong Kong market's bottom. What he's betting on in 2023 Chua told CNBC Pro he wants to keep last year's strategy of shorting the yen. "The Bank of Japan has very little flexibility because they have such a huge debt which they need to finance."

☆ This fund manager says a bull market might be on the horizon — and names her top stock picks
▼ + stars: | 2023-02-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Stock markets seem to be slowing after a strong start to the year. But though bearish sentiment has seeped into the market, fund manager Barbara Doran is taking a contrarian view. Part of that was just bear market positioning but with the breadth that we saw in January, this is feeling like the start of, dare I say, a bull market," Doran told CNBC's " Street Signs Asia " last week. Stock picks One of Doran's top stock picks is Uber — and she's given the stock upside of between 25% and 50%. And the stock is in the camp where there is no [price-to-earnings] because there's no earnings, but I think there's substantial upside here," she said.

☆ There's a new most crowded trade on Wall Street — and it's not in the U.S.
▼ + stars: | 2023-02-14 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

The most crowded trade on Wall Street is "long China equities," according to the latest Bank of America Fund manager survey. Twenty-one percent of respondents to the February survey said that was the investment with the most enthusiasm... perhaps too much. Still, the "most crowded" trades in the survey, which is among the most followed on Wall Street, can stay that way for long stretches. Long China displaces "long U.S. dollar," which was the most crowded trade for the prior seven months in the survey. China equities traded in the U.S. were under pressure for a number of reasons, including the country's Covid lockdowns, as well as tighter scrutiny of its homegrown internet businesses.

☆ Buy these 26 cash-rich, high-momentum stocks instead of piling back into more speculative meme stocks, according to Wall Street firm Evercore
▼ + stars: | 2023-02-08 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Somehow meme stocks have returned. That was definitely the case last month and in early February, when investors snapped up tech and growth stocks after dumping them throughout 2022. So, of course, meme stocks are back too. But the latest rally in growth, tech, and meme stocks isn't just about buying beaten-up equities for cheap. And just like last time, the investment cases in the loosely-defined meme stock field range from "very speculative" to "lolwut."

We're buying 150 shares of Coterra Energy (CTRA) at roughly $23.84. One of the biggest commodity stories this year has been the significant decline in the price of natural gas. After peaking at around $10 per million British thermal units back in August, the price of nat gas has pretty much fallen off a cliff. Our other pure exploration and production stocks — Devon Energy (DVN) and Pioneer Natural Resources (PXD) — are far less tied to nat gas. A drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, February 10, 2019.

☆ China keeps insisting its real-estate market is not in a crisis — even as just about every sign points to the opposite
▼ + stars: | 2023-02-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The IMF said in a report on China's economy that the country's property crisis remains "unresolved." But China's hit back at that, saying its property market "has been operating smoothly in general, and is not in a 'crisis' situation." China's real estate market has been mired in debt woes for the past few years. The IMF says China's property crisis "intensified" in 2022The IMF said in its Friday report China's property crisis "intensified" in 2022. The debt crisis also had a deep social impact.

☆ A top oil analyst explains Europe’s new fuel sanctions on Russia and how that impacts global energy markets
▼ + stars: | 2023-02-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The flow of crude oil is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA Carlos Garcia Rawlins/ReutersMatt Smith is the lead oil analyst at Kpler. Phil Rosen: This week the EU has new sanctions and a price cap kicking in on Russian oil products, such as diesel. MS: They're one of the leading producers and leading exporters in the world, so we shouldn't expect that to change. What will influence this is how long this war goes on, and how detrimental that is to its energy industry. Demand for cardboard boxes has dropped to levels not seen since the 2008 financial crisis.

☆ Buy these 6 cheap stocks now to take advantage of a perfect setup for contrarian investors, according to a leading international fund manager
▼ + stars: | 2023-02-03 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Contrarian fund manager Krishna Mohanraj is bullish on international stocks despite recession fears. That contrarian approach has worked wonders for Mohanraj's Diamond Hill International Fund (DHIAX) recently. Over the last three months, Mohanraj's fund is up about 20% amid a long-awaited comeback for international stocks. 2 tailwinds that will send global stocks soaringMohanraj believes that foreign stocks' recent momentum will continue, even though the global economy is flirting with a recession. In fact, the fund manager described the current environment for international stocks as an "active investor heaven."

☆ As stocks surge, some chart signals have been looking better despite lingering risks
▼ + stars: | 2023-02-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Fed Chairman Jerome Powell triggered a surge in stocks when he spoke Wednesday , taking the S & P 500 into a new range. Redler expects a near term peak for the S & P 500 could be around 4,200-4,220. The S & P 500 and Nasdaq were both higher Thursday, as the 10-year Treasury yield continued its slide to a low of 3.35%. He's watching the growing number of three-month highs in the Russell 1000 and S & P 600 , which are now outpacing the new highs in the S & P 500. The VIX is based on puts and calls in the S & P 500.

☆ 8 investments to make now as the Federal Reserve risks a recession by going 'way overboard' in raising interest rates, according to 7 top economists and strategists
▼ + stars: | 2023-02-02 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.

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