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Neuberger Berman's Dan Flax reveals his top tech stock picks
  + stars: | 2023-06-28 | 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 EmailNeuberger Berman's Dan Flax reveals his top tech stock picksDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss the recent run in mega-cap tech stocks, and reveals his top tech stock picks.
Persons: Neuberger, Dan Flax, Neuberger Berman
New York CNN —Lawmakers and prominent social media personalities have in recent days rallied against a proposed New York City rule that some say would crack down on the city’s beloved pizzerias. New York City is famously and deservedly known for its pizza. I hear New York City is trying to ban delicious pizza. New York City Mayor Eric Adams made a similar point during a press conference on Monday. So wait, did someone really throw a pizza at City Hall in protest of the proposed rule?
Persons: pizzerias, Sen, Marsha Blackburn, ” Dave Portnoy, Elon Musk, Michael Berman, Photodisc, , Edward “ Ted ”, Michael Seilback, Pizza's, Artem Vorobiev, , Garima, Seilback, Eric Adams, wouldn’t, Adams Organizations: New, New York CNN — Lawmakers, Tennessee, Barstool Sports, Twitter, City Hall, City, city’s Department of Environmental, CNN, New York City Department of Environmental, Edward “ Ted ” Timbers, NYC Department of Environmental, American Lung Association, Getty, Columbia University, New York City Locations: New York, New York City, York City
SHANGHAI/HONG KONG, June 27 (Reuters) - China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as authorities tighten control of data generated within its borders in a national security drive. Last July, China unveiled cross-border data review measures that require a security review for "important" offshore data transfers - a move that triggered confusion and concern among foreign financial firms operating in the country. The financial sector lobby group said cross-border transfer of data such as investment outlooks, portfolio analysis, shareholding information and anti-money laundering information should be allowed. However, ASIFMA said the data security rules have made operating in China "very painful" for some of its members. One major complaint from firms operating in China is that Chinese data rules are ambiguous, the lobby group said.
Persons: Alice Law, Lyndon Chao, ASIFMA, Chao, Neuberger Berman, They've, Law, Samuel Shen, Selena Li, Sumeet Chatterjee, Sonali Paul Organizations: Asia Securities Industry, Financial Markets Association, BlackRock, Fidelity International, Thomson Locations: SHANGHAI, HONG KONG, China, Beijing, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm leaning towards defensive sectors like consumer staples and healthcare: Neuberger's Joseph AmatoJoseph Amato, Neuberger Berman Group CIO, joins 'Closing Bell Overtime' to discuss the day's market action, what to expect for the second half of the year, and the impact of the Federal Reserve's next moves.
Persons: Neuberger's Joseph Amato Joseph Amato, Neuberger Berman Organizations: Neuberger, Federal
REUTERS/Murad Sezer/IllustrationLONDON, June 23 (Reuters) - Foreign investors hoping for a game-changing rate hike from Turkey's newly appointed central bank chief said Thursday's disappointing move to a key rate of just 15% could keep some money on the sidelines. "They lost one perfect chance to demonstrate that they mean business," said Viktor Szabo, emerging markets investment director with Abrdn. But analysts said that after Thursday's decision, Erkan and Simsek would need to work even harder to prove the country had indeed shifted course. Already in the week to June 16, foreign investor holdings of Turkish government bonds had fallen by $16.2 million. "I don't think investors will throw in the towel just yet because I think there is still expectation there is more to come in the coming months," said Kaan Nazli, portfolio manager at Neuberger Berman.
Persons: Murad Sezer, Thursday's, Hafize Gaye Erkan, Viktor Szabo, Abrdn, it's, It's, Tayyip Erdogan, Mehmet Simsek, Eric Fine, Marek Drimal, Simsek, Dan Wood, William Blair, Fitch, Erdogan, Erkan, Kaan, Neuberger Berman, Karin Strohecker, Marc Jones, Toby Chopra Organizations: REUTERS, Societe Generale, Thomson Locations: Istanbul, Turkey, VanEck
Florida Politics publisher Peter Schorsch posted a photo from a Disney cruise on Friday and tagged Ron DeSantis. A pro-DeSantis PAC quote tweeted the photo and accused Schorsch of being bribed by "groomers" and Trump. Today, a super PAC aligned with DeSantis attacked a Florida journalist for posting a photo from a Disney cruise. "We get it, you're bought and paid for by the groomers and Trump," Never Back Down tweeted at FloridaPolitics.com publisher Peter Schorsch, who had posted a photo from a Disney cruise he was on with his family. The person who initially posted the photo shared by Trump accused DeSantis of using alcohol for "grooming" high school girls.
Persons: Peter Schorsch, Ron DeSantis, Schorsch, DeSantis, , Taryn Fenske, Anchorman's Ron Burgundy, kows, Jeff Roe, Roe, Matt Wolking, Peter, Chris Jankowski, Trump Organizations: Disney, Trump, Service, Florida Governor, GOP, ABC, Washington Post, Coalition, New York Times, Times, Harvard Law, The New York Times, Darlington School Locations: Florida, Mar, Georgia
Rep. Lauren Boebert is now a 36-year-old grandmother, a spokesman confirmed to Insider. In March, Boebert announced that her teenage son Tyler was expecting a baby with his girlfriend. In March, Boebert announced that her then-17-year-old son Tyler was expecting a baby boy with his girlfriend. Lauren Boebert, her husband Jayson Boebert, and their four sons. "I'm not in middle school," Boebert told CNN when asked about the incident.
Persons: Lauren Boebert, Boebert, Tyler, , Marjorie Taylor Greene, Sean Hannity, Sean, Hannity, Coloradans, Marjorie, Joe Biden's, Jayson Boebert, I'm, Insider's Alia Shoaib, Boeberts, Greene, Joe Biden, Kevin McCarthy Organizations: Service, Colorado Republican, Fox News, Congress, Conservative, Police, CNN Locations: Colorado
The calls came in, one after the other, with reports of sea lions swaying their heads back and forth, foaming at the mouth, or slumped, lifeless on the beach. Rescuers along the central California coast struggled to keep up as they captured the sick animals in the hopes of saving them. Already, hundreds of sea lions and dozens of dolphins had died. “It’s been really sad,” said Michelle Berman Kowalewski, a biologist and the director of the Channel Islands Cetacean Research Unit, a nonprofit that has been responding to the beached dolphins. Algal blooms are not uncommon, but Ms. Berman Kowalewski said that, even in a bad year, she might respond to 30 to 40 poisoned dolphins.
Persons: they’ve, “ It’s, , Michelle Berman Kowalewski, Berman Kowalewski Organizations: Islands, Research Locations: California, Santa Barbara, San Luis Obispo County
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are not expecting oil prices to trade back to $55 or $50: Neuberger Berman’s PomeroySandy Pomeroy, senior portfolio manager at Neuberger Berman, joins 'Squawk on the Street' to discuss her top three dividend yield picks: PNC, LAMR, CRH.
Persons: Neuberger Berman’s Pomeroy Sandy Pomeroy, Neuberger Berman Organizations: PNC Locations: LAMR
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK economic strength remains a problem for Bank of England, strategist saysNiall O'Sullivan, chief investment of multi-asset strategies EMEA at Neuberger Berman, discusses the upcoming Bank of England rate decision and the housing market, among other things.
Persons: Niall O'Sullivan, Neuberger Berman Organizations: Bank of England, Neuberger, of
The Securities and Exchange Commission reached a deal with Binance late Friday that would allow the world’s largest cryptocurrency exchange to keep operating in the United States and safeguard customer assets as the company battles a government lawsuit. After filing fraud charges against Binance on June 5, the S.E.C. But in a court filing on Friday, the S.E.C. On Saturday morning, Judge Amy Berman Jackson, who is overseeing the case in federal court in Washington, signed off on the deal. The deal stipulates that Binance.US can transfer company assets “solely to make payments for expenses or to satisfy obligations incurred in the ordinary course of business.”
Persons: Binance, Amy Berman Jackson, Changpeng Zhao, Organizations: Securities, Exchange Commission, Binance Locations: United States, U.S, Washington
Steve Eisman is looking beyond the hype around tech, and is betting big on US infrastructure. He cited one utility stock that's jumped 34% year to date, due to infrastructure needs. Citing a utility stock called Quanta Services, he said "the opportunities for the company have been enormous, so the stock has been revalued." Eisman has bet on the grid since at least February, when he said that tech stocks might struggle in the face of climbing interest rates. Though he said on the podcast that tech stocks are investible for a long time, he said it's unclear how they may move in the future.
Persons: Steve Eisman, Bloomberg's, , United States — everybody's, Neuberger Berman, Eisman, — Eisman, it's Organizations: Service Locations: United States
As Cava prepares to make its public market debut Thursday, other restaurant companies will be watching closely while they decide whether to follow in the Mediterranean restaurant chain's footsteps. The last 18 months have marked the slowest initial public offering market since the financial crisis. Cava's IPO could help break that drought, as a handful of restaurants watch to see how the chain fares as they mull whether to jump into the public market themselves. "A successful IPO from Cava should open the door to more restaurant IPOs," said Matt Kennedy, senior strategist at Renaissance Capital. That bodes well for the restaurant companies waiting in the wings to go public.
Persons: Cava, Matt Kennedy, Kennedy, Kevin McCarthy, Neuberger Berman Organizations: U.S, Renaissance, Cava, New York Stock Exchange, CNBC, Group, Brands Locations: Ukraine, U.S, Cava, Chão
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth and innovation will allow tech stocks to weather an economic storm, says Daniel FlaxDaniel Flax, Neuberger Berman Senior Research Analyst, discusses the tech rally and whether it's at risk following the latest Fed policy decision.
Persons: Daniel Flax Daniel Flax, Neuberger Berman
Rep. Adam Schiff is facing censure for investigating Trump. Rep. George Santos, who has repeatedly lied and was recently indicted on 13 criminal charges, supports the censure. The Santos-supported resolution calls for the fine because, it claims, Schiff "lied, made misrepresentations and abused sensitive information." Beyond his legal troubles, Santos has lied about his education, his employment history, his residence, his religious background, and more. Luna, who sponsored the censure resolution, is one of the few members of Congress continuing to stand by Santos.
Persons: Adam Schiff, Trump, George Santos, , Donald Trump, Anna Paulina Luna of, Schiff, Santos, Carter, Volodymyr Zelensky, Diane Feinstein, MAGA, Donald Trump's, retaliating, I'm, Pelosi, Thomas Massie, He's, Luna Organizations: Rep, Service, Democratic, GOP Rep, Trump, U.S, CNN, Intelligence, Ukrainian, Senate, GOP Kentucky Rep, The Washington Post Locations: Anna Paulina Luna of Florida, George Santos of New York, HPSCI
A federal judge on Tuesday urged the Securities and Exchange Commission to strike a compromise with Binance that would allow the global cryptocurrency exchange to continue operating in the United States as it fights a civil fraud lawsuit filed by the regulator. charged Binance and its U.S. affiliate with mishandling customers’ deposits and lying to regulators. It also sought to freeze the company’s U.S. assets, a move that Binance claimed would force it to shut down in the United States. Judge Jackson ordered them to continue negotiating and to submit a status update by Thursday. She also expressed skepticism about the S.E.C.’s use of its enforcement powers to regulate the crypto world, calling it “inefficient and cumbersome.”
Persons: Binance, Amy Berman Jackson, Judge Jackson Organizations: Securities and Exchange Commission, U.S, District of Columbia Locations: United States, U.S, Washington
Trump pleaded not guilty to his 37-count indictment over mishandling classified documents. Special Counsel Jack Smith, the prosecutor overseeing the case, promised he'd seek a "speedy trial" to bring Trump to justice. Once the parties have a good grasp on the material, Cannon will set a schedule for a motion to dismiss. Trump may not need to show up in court again until a trialIf the case does indeed go to trial, Trump will likely have to show up. Judge Juan Merchan, the New York state judge overseeing Trump's other case, has made clear he expects Trump to appear in person.
Persons: Trump, , Donald Trump, Department's, Jack Smith, he'd, Aileen Cannon, Cannon, wasn't, Will, Stormy Daniels, Juan Merchan, there's, Jean Carroll's, defaming Carroll Organizations: Service, Republican, Trump, Lago, Prosecutors, White, Secret Service, Department, Justice Department Locations: Miami, Mar, Florida, , Manhattan, New York
Donald Trump was indicted by federal prosecutors and has to show up in court. That's what happened in Trump's Manhattan case, where the district attorney's office chose not to take one. The district attorney's office didn't have Trump handcuffed in the Manhattan case. Trump's Manhattan case happened in state court, where photography is allowed at the judge's discretion. And he also has a civil trial over his involvement in an alleged multi-level marketing scheme scheduled for trial in Manhattan federal court in January.
Persons: Donald Trump, He's, , Stormy Daniels, Jack Smith, Trump, Waltine Nauda, Will Trump, Jonathan Goodman, It's, Tamara Holder, it's, George Santos —, Goodman, we'll, Smith, Holder, Biden, Ron DeSantis Organizations: Service, Manhattan District, Southern District of, US, Secret Service, Department, US Marshals Service, New York Rep, Court, Justice Department, Mar, Disney, Trump, New Locations: Mar, Miami, Southern District, Southern District of Florida, Florida, Manhattan, Southern Florida, Washington ,
Trump appointed 3 conservative judges to the Supreme Court, leading to the overturning of Roe v. WadeDeSantis said he has 'respect' for those picks, but he could do better. "I mean, I respect the three appointees he did, but none of those three are at the same level of Justices Thomas and Justice Alito. He added, "And in Florida, I inherited a very liberal state supreme court, maybe the most liberal in the country, very activist. But I was able to replace three of the four liberals my first month in office with conservative justices. So we now have the most conservative state supreme court in the country.
Persons: Trump, Roe, Wade DeSantis, Sam Alito, Clarence Thomas, DeSantis, , Donald Trump, Wade, isn't, Ron DeSantis, Hugh Hewitt, Hewitt, Thomas, Justice Alito, Gorsuch, Kavanaugh, Barrett, Alito Organizations: Service, Trump, Republican, Court Locations: Florida
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow is very good time for investors to grow muni portfolios, says Neuberger Berman's Jamie IselinJamie Iselin, Neuberger Berman head of municipal fixed income, joins 'The Exchange' to discuss tax-free yield from municipal bonds, muni bond yield estimates, and credit quality assessments in muni markets.
Persons: Neuberger Berman's Jamie Iselin Jamie Iselin, Neuberger Berman Locations: muni
"Air" is director Ben Affleck's ode to Nike and the creation of the Air Jordan. Matt Damon's character gives an emotional speech convincing Michael Jordan to sign with Nike. The Trump campaign used the monologue in its own campaign video, posted to Truth Social. "Air" is director Ben Affleck's ode to then-corporate underdogs Nike and their pursuit of Michael Jordan for an endorsement deal that would lead to the creation of the iconic Air Jordan shoe. The Trump version of the clip, distributed on Truth Social, includes a link to donate to his campaign.
Persons: Ben Affleck's, Air Jordan, Matt Damon's, Michael Jordan, , Donald Trump, Matt Damon, Ben Affleck, Sonny Vaccaro, Jordan, Damon, Trump Organizations: Nike, Air, Trump, Service, Adidas, Converse, UNC, Truth, Mar
CNN —Former President Donald Trump allegedly kept classified documents at various places in his Mar-a-Lago resort, including a public ballroom, bathroom and a bedroom. Boxes of classified documents are stored inside the Mar-a-Lago Club's White and Gold Ballroom in this photo included in Donald Trump's federal indictment. The hallway to that storage room, according to prosecutors, could be accessible from “multiple outside entrances” including the pool patio. Boxes of classified documents are stored inside the Mar-a-Lago Club's Storage Room in this photo included in Donald Trump's federal indictment. Boxes of spilled documents are seen on the floor, in this photo included in Donald Trump's federal indictment.
Persons: Donald Trump, Trump, Donald Trump's, Walt Nauta Organizations: CNN, FBI, Service, Trump, Mar, Prosecutors, Court, Southern District of, Credit Locations: Lago, Florida, Southern District, Southern District of Florida, Mar
“The [Presidential Records Act] does not confer any mandatory or even discretional authority on the archivist,” wrote U.S. District Judge Amy Berman Jackson in that 2012 ruling. “These are not presidential records,” he added. The Presidential Records Act, Trump’s brief said, gave Trump the sole authority to decide how to categorize his records. Fitton told me he explained his Presidential Records Act theory to the Washington, D.C., grand jury in the Trump document case last winter. Fitton, for instance, accused the Justice Department of flipping its position on presidential discretion under the Presidential Record Act to go after Trump.
Persons: Donald Trump, Bill Clinton’s, Clinton, Taylor Branch, Clinton “ squirreled, , Amy Berman Jackson, Trump, Jason Baron, Bradley Moss, Mark S, Zaid, Moss, Baron, , Todd Blanche, Tom Fitton, ” Fitton, Fitton, Jack Smith, Margaret Kwoka of Organizations: Reuters, Watch, GQ, Branch, National Archives, Records Administration, Presidential, Judicial, Archives, , Justice Department, Mar, University of Maryland, Trump, Trump –, Presidential Records, Circuit, Records, D.C, Margaret Kwoka of Ohio State University, Thomson Locations: Mar, United States, U.S, Washington
Initial reports from most major publications — including Insider — said Trump faced 7 counts from the Department of Justice. But the actual indictment, unsealed Friday afternoon, reveals he's actually facing 37 counts. Maybe Trusty's fax machine was running out of ink, and the "3" in the 37 counts was obscured. According to the unsealed indictment, Trump privately praised the lawyer who deleted Hillary Clinton's emails and stored classified documents in one of Mar-a-Lago's shower. Read the full unsealed indictment against Trump here.
Persons: Trump, , Donald Trump, he's, Waltine Nauta, Trump's, Jim, Hillary, John Rowley Organizations: Justice Department, Service, Department of Justice, Prosecutors, CNN, DOJ Locations: Miami
CNN obtained a transcript of a recording of Donald Trump talking about a classified document he kept after leaving the White House. Look, look at this. Trump was discussing a classified Pentagon document about attacking Iran, per CNN. Look, look at this," Trump actually said on the recording. Trump was indicted by the Department of Justice Thursday night on seven counts related to his mishandling of classified documents.
Persons: Donald Trump, Trump, , he'd, Mark Milley, , It's Organizations: CNN, White, Service, Privacy, Joint Chiefs, Staff, Trump, Defense Department, Department of Justice Locations: Iran
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