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☆ A fund manager who's outperformed 99% of his peers in 2023 shares exactly how he finds undervalued gems that others overlook — and his 7 favorite stocks to buy now
▼ + stars: | 2023-05-07 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Portfolio manager Mark Costa, who runs the Brandes International Small Cap Value Fund (BISAX) alongside three of his colleagues, is among the top investors so far this year. The outstanding run for Costa's fund this year follows a difficult 2022 for international stocks, in which the fund fell by 8.7% but still managed to crush its index, which lost 18.4%. "Over the long run, we can generate very strong risk-adjusted returns because of the quality of the businesses," Costa said. 7 top international stocks to buy nowCosta said that right now he's finding strong opportunities in the aerospace and defense, banking, consumer staples, and healthcare industries. After providing an overview of his investing strategy, Costa shared seven of his favorite stocks to buy and hold right now.

☆ These 21 cheap stocks have strong momentum and can deliver double-digit gains while the market stays stagnant, according to BMO Capital Markets
▼ + stars: | 2023-05-06 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Investors should get used to directionless trading, according to BMO Capital Markets. The S&P 500 has bounced between technical support and resistance levels, especially recently. BMO Capital MarketsBulls or bears hoping for a breakout in one direction or another will both be disappointed, according to BMO Capital Markets. 21 cheap quality stocks to buy nowBut even if US stocks stay stagnant for months, BMO believes investors can outperform by targeting high quality companies that have reasonable valuations and price momentum. Such stocks typically log double-digit returns while the S&P 500 is in a tight range, Belski noted.

☆ Morgan Stanley: Buy these 41 highly efficient stocks that are set up for success this year while earnings and the economy continue to weaken
▼ + stars: | 2023-05-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Morgan Stanley is looking past earnings beats and expects more declines this year. "While the quarter has been stronger than expected thus far, mentions of tougher macroeconomic conditions and overall caution remain prevalent," Wilson wrote. Morgan StanleyIf the economy continues to lose momentum, Morgan Stanley thinks corporations should be concerned about negative operating leverage, which is when sales fall faster than expenses. 41 stocks to buy that will hold up in a weak marketMorgan Stanley thinks an earnings recession is imminent, but it doesn't recommend running from stocks entirely. Below are 41 stocks that have an overweight rating from Morgan Stanley and are in the top quintile of operational efficiency among the 1,000 largest US-based companies.

☆ Bank of America: Hedge funds are most bullish on these 20 stocks right now while they brace for an 'Armageddon'-style recession similar to 2008
▼ + stars: | 2023-05-04 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Bank of America noted that hedge funds' bond weighting relative to stocks is at an all-time high. Here are 20 stocks that hedge funds are most optimistic about right now. "Our economists expect an economic recession of half the magnitude of a typical recession," Subramanian wrote in the late April note. Additionally, hedge funds' allocation to bonds relative to stocks is at a record high, according to Bank of America. 20 stocks that hedge funds love mostEven though hedge funds have soured on stocks, they still believe there are companies that will outperform in this challenging economic environment.

☆ An investment chief who manages $1 billion in assets shares 10 investments that will reduce your portfolio's volatility while this bear market lasts longer than expected.
▼ + stars: | 2023-05-03 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 10 ways to protect against losses and volatility in this long-lasting bear market. "It went beyond dodging a bullet," Steve Sosnick, the chief strategist at Interactive Brokers, said of first quarter earnings results in a late April interview with Insider. Weaker earnings raise valuation concernsBut some investors aren't impressed by Q1 earnings — at least not enough to get bullish. Besides weaker earnings growth and lofty valuations, another risk for stocks is that upcoming quarterly results will miss higher expectations in a shaky economy. "We're still looking at fairly high-single-digit earnings growth for the next couple of quarters overall," Sosnick said.

☆ A $1.1 trillion investment chief shares her 3-part checklist for confirming a recession has started — and details 4 stocks she expects to outperform no matter what
▼ + stars: | 2023-05-03 | by ( James Faris | Akin Oyedele | ) www.businessinsider.com time to read: +6 min

Nuveen investment chief Saira Malik is still forecasting a recession in the next year. Malik also shares four top stocks investors can buy to set themselves up for long-term success. "The consumer — which I would have said was holding up very well — I'm worried about tighter banking conditions, tighter banking credit on the consumer," Malik said. Additionally, the labor market is now showing cracks, even though the unemployment rate remains historically low at 3.5%. 4 stocks set to outperform in a downturnDespite her concerns about the economy, Malik doesn't see a massive market sell-off coming.

☆ Elite investors overseeing trillions warned the crowd at Milken about a looming US credit crunch. Here's how 2 of them say they're planning to capitalize.
▼ + stars: | 2023-05-01 | by ( James Faris | Akin Oyedele | ) www.businessinsider.com time to read: +3 min

Leaders of major asset management firms discussed the prospect of a credit crunch at the 2023 Milken Global Conference. They shared how they're planning to capitalize on the dislocations that arise. The tighter environment was top of mind during an economics panel at the 2023 Milken Global Conference, with multiple participants warning of an impending credit crunch. "The commercial real estate sector in particular, which was 50%-plus from the regional banking system, is definitely going to be limited." Hunt also discussed how PGIM is planning to react to a credit crunch: by continuing as normal and trying to absorb more market share from traditional banks.

☆ UBS: Buy these 40 cheap defensive stocks that will continue to outperform as the economy heads toward a recession
▼ + stars: | 2023-04-29 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 40 inexpensive stocks that UBS says will fare well in a recession. As the US economy continues to move closer to a recession, investors would be wise to stick with defensively oriented stocks, according to UBS. UBS40 cheap defensive stocks to buy nowHowever, Simonds cautioned that not all defensive stocks are worth buying. Instead, investors should target inexpensive defensive stocks since they're much more appealing than their pricey peers when the economy weakens. UBS shared the following 40 defensive stocks that are cheap based on valuation metrics like price-to-book (P/B), have positive earnings momentum, and have a minimum market cap of $3 billion.

☆ Rent continues to climb across the nation — but apartments in these 20 cities are actually getting more affordable
▼ + stars: | 2023-04-28 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Rent growth has been steadily declining since late 2022, according to a new report. Today, median rent growth is three times higher than that at 6%. There's another startling sign that the US rental market isn't yet back to normal: the US currently has more cities with double-digit rent growth than those with negative rent growth. 20 cities where rent is falling right nowFor renters feeling the squeeze of continued rent growth, Insider compiled a list of the 20 US cities where median rent for one-bedroom apartments declined over the last 12 months ending in April. Below are the 20 cities that saw year-over-year median rent declines in April 2022, along with the year-over-year and month-over-month rent changes, average rent prices, and national rent ranking among the largest 100 US cities for each.

☆ Make these 12 investments with strong technical set ups right now while the broader market faces the risk of a 'climactic bear scenario,' according to a longtime chartmaster
▼ + stars: | 2023-04-27 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Chartmaster David Keller shared the three biggest risks facing the market right now. The S&P 500 may struggle to break past technical resistance of 4,200 and 4,300. He predicted that if the VIX rises to 20, the S&P 500 would fall to a vital support level of 3,800. The percentage of S&P 500 stocks trading above their 50-day moving average (in green) has fallen below 50% recently. David Keller, StockCharts.comPoor market breadth should be a serious concern for investors, Keller said.

☆ Goldman Sachs shares exactly how to invest right now to profit this year — even as uncertainty and a banking crisis hurt economic growth
▼ + stars: | 2023-04-26 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

But that unusual calm in markets may be masking serious concerns about economic growth, according to David Kostin, the chief US equity strategist at Goldman Sachs. Goldman Sachs"Mixed economic data and uncertainty around banking stress have led the equity market to downgrade its pricing of the US economic growth outlook in recent weeks," Kostin wrote. Goldman Sachs' GDP estimate (the blue-gray columns) is higher than that of the consensus (the black dots). Another sector Goldman Sachs is bullish on is energy, even though it's economically sensitive. Goldman Sachs is also neutral on the following sectors and industries: software & services, financials, consumer discretionary (excluding autos & durables), utilities, real estate, and consumer durables & apparel.

☆ These 15 stocks will matter the most to corporate profits during a quarter where earnings will fall again, according to Credit Suisse
▼ + stars: | 2023-04-17 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Markets are preparing for a second straight quarter of negative earnings growth. Credit SuisseMarkets are bracing for weaker profits in seven of the 11 S&P 500 sectors, Golub wrote. Q1 earnings revisions are more negative than usual, according to Credit Suisse. Weaker bottom-lines are also masking anticipated strength in sales growth, Credit Suisse found. Those 15 stocks are below, along with the ticker, weight of S&P 500 profits, expected earnings growth, and expected contribution to earnings growth for each.

☆ A Fidelity fund manager who's beaten 93% of competitors in the past 5 years shares his strategy for delivering upside while avoiding painful selloffs — and explains how he finds 'mispriced growth' sto
▼ + stars: | 2023-04-16 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The Fidelity Puritan Fund has dominated in the past five years under Dan Kelley. Here's how the portfolio manager finds underpriced growth stocks that are still high quality. Meanwhile, about half of the fund's bonds are US Treasuries, and just 11.5% are high-yield. How to find mispriced growth in marketsWhen looking for stocks, Kelley said his focus is on finding "mispriced growth" companies, which is similar to what many fund managers call "growth at a reasonable price," or GARP. That's the same mindset that's kept the Fidelity Puritan Fund going for nearly eight decades.

☆ Goldman Sachs and UBS warn that lower inflation won't be enough to make stocks rally — but these 7 investments can help investors earn a profit anyway
▼ + stars: | 2023-04-14 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Investors have mostly yawned at lower inflation data this week, keeping stocks range-bound. Strategists at the asset management arms of Goldman Sachs and UBS are signaling caution. The message from markets is clear: lower inflation isn't necessarily a green light for stocks. Strategists at UBS Global Wealth Management (GWM) and Goldman Sachs Asset Management issued even sterner warnings, with neither seeing much upside for stocks in the foreseeable future. Goldman Sachs Asset Management is also bullish on long-duration assets while the economy weakens, especially compared to riskier high-yield bonds.

☆ These 6 beaten-down bank stocks are about to make a big comeback in the upcoming earnings season, according to the director of equity research at CFRA
▼ + stars: | 2023-04-12 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are six banks that should fare well in the Q1 earnings season despite the sector's challenges. A series of bank failures in early March sent shares of financial institutions plunging, and while bank stocks have stabilized in recent weeks, they haven't yet been able to mount a comeback. But when they kick off the Q1 earnings season in mid-April, banks can change the negative narrative — or reinforce existing concerns about the sector. "Banks may see higher revenue year-over-year and may surprise to the upside, beating consensus earnings estimates," Leon wrote. Below are the six bank stocks that CFRA expects to fare well in the first quarter earnings season, along with the ticker, market capitalization, and investment thesis for each.

☆ A top tech analyst who predicted the sector's robust rebound this year shares 3 reasons why the rally can continue throughout 2023 — and his 13 favorite stocks to buy now
▼ + stars: | 2023-04-11 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Wedbush analyst Dan Ives shared three reasons why tech stocks will continue to push higher. Here are 13 top tech stocks to buy heading into the Q1 earnings season. Yet the S&P 500 tech sector has risen an impressive 20.10% year-to-date. 13 tech stocks to buy nowAfter making the case for tech stocks broadly, Ives zeroed in on 13 of his favorite picks to buy right now. The list includes a quartet of mega-caps, six cybersecurity names, and a trio of other software stocks that have an outperform rating from Wedbush Securities.

☆ Goldman Sachs: These 29 stocks are poised for higher profits this year than anyone on Wall Street expects
▼ + stars: | 2023-04-08 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Goldman Sachs shared 29 stocks that it believes will see higher earnings than the market expects. Goldman Sachs29 stocks to buy for better-than-expected earningsBesides underestimating giant growth stocks, Goldman Sachs thinks investors are misjudging corporate profits. Kostin and his colleagues made a list of stocks that have above-consensus earnings estimates from analysts at Goldman Sachs. Below are 29 stocks with earnings estimates from Goldman Sachs that are at least 5% higher than estimates from the rest of Wall Street. Along with each name is its ticker, consensus earnings estimates, earnings estimates from Goldman Sachs, and the difference between the two.

☆ Buy these 13 stocks now to bet on a rebound in the unfairly punished financials sector, according to BMO Capital Markets
▼ + stars: | 2023-04-07 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

But strategists at BMO Capital Markets think the selling has gone too far. And while some economists are warning that storms are still on the horizon for the sector, that gloomy sentiment is nothing more than fear-mongering, according to BMO Capital Markets. BMO Capital MarketsThat weakness opens the door for traders to get deals in the beaten-down sector, Belski wrote. BMO Capital MarketsFinancials broadly are also historically cheap by any measure compared to the market, according to BMO, even though valuations aren't as heavily discounted as they were last fall. BMO Capital MarketsAnother sign of the sector's financial health is that the growth outlooks for both dividends and earnings look rosy.

☆ Goldman Sachs: Buy these 36 stocks that can achieve double-digit earnings growth this year even though the market is destined for flat profits
▼ + stars: | 2023-04-06 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Goldman Sachs is calling for flat earnings growth in 2023 and is warning of a possible selloff. Here are 36 stocks that will grow earnings by at least 10% this year, according to Goldman Sachs. "Flat earnings will support a roughly flat S&P 500 index return in 2023," Kostin wrote in the note. S&P 500 earnings growth is projected to be 0% in 2023 and 12% in 2024, according to Goldman Sachs. Below are those names highlighted by Goldman Sachs, along with the ticker and expected earnings growth in 2023 and in 2024 for each.

☆ One of the minds behind a $7.6 billion ETF details the 5-part approach the fund uses to select companies with competitive advantages — and recommends 10 stocks that fit the bill right now
▼ + stars: | 2023-04-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The VanEck Morningstar Wide Moat ETF has enjoyed strong gains with this strategy. Much like the stocks it targets, the VanEck Morningstar Wide Moat ETF (MOAT) doesn't have much competition. A focus on companies with economic moats, combined with low competition, has helped the MOAT ETF grow to $7.6 billion in assets since its inception in April 2012. It uses fundamental, bottom-up research from the team that compiles Morningstar's Wide Moat Focus Index to target high-quality companies that are set to outperform. "It doesn't stop at just finding a company that has established a competitive advantage," Rakszawski told Insider.

☆ Nike envisions a wild future with Olympics in outer space, clothing made of spider silk, and footballs make of stardust
▼ + stars: | 2023-04-03 | by ( Matthew Kish | ) www.businessinsider.com time to read: +8 min

Nike recently published a fun and thought-provoking book about the company's next 50 years. The company playfully envisions athletic competitions in space and footballs made from stardust. The small 192-page book is mostly a fun, futuristic read about what Nike might be doing in 2073. Sam Grawe, who wrote the 2021 book Nike: Better is Temporary, is an editor and contributed essays. On a more terrestrial level, Nike foresees clothing made from spider silk and the emergence of volcanic glass compounds.

☆ 'Cracks in the foundation': 3 leading Wall Street strategists reveal the overlooked reason why stocks are on shaky ground right now — and how to invest with a downturn looming
▼ + stars: | 2023-04-02 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Instead, they've been propelled by large caps and growth stocks, specifically tech. If not for a small number of mega-cap growth stocks, the S&P 500 wouldn't be staying afloat. Last year investors learned the hard way that narrow markets are dangerous, as tech stocks tumbled during the market selloff. "Breadth has been exceptionally weak as large-cap growth stocks hold up the major averages," Wilson wrote in a late March note. Outside of tech, Lebovitz highlighted traditional defensive sectors like consumer staples and utilities.

☆ A 15-year-old suffered hot oil burns while using a deep fryer at a McDonald's restaurant in Tennessee, the Labor Department says
▼ + stars: | 2023-03-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A 15-year-old McDonald's worker suffered hot oil burns while using a deep fryer, the DOL said. The DOL assessed a $3,258 civil penalty to the franchisee that operates the restaurant. The restaurant in Morristown, north-east Tennessee, had illegally allowed the minor to remove french fries from a hot oil deep fryer manually, the DOL said. The DOL assessed a $3,258 civil penalty for Faris Enterprises, the franchisee that operates the restaurant. The DOL assessed nearly $4.4 million in civil money penalties in 2022 related to violations of child labor laws.

☆ Goldman Sachs: Buy these 32 quality stocks that are priced right and set for strong growth in this uncertain economy
▼ + stars: | 2023-03-31 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Growth stocks have excelled so far in 2023 as inflation and interest rate expectations decline. Goldman Sachs shared 32 high-quality growth stocks that have attractive valuations. Goldman SachsLower bond yields have pushed investors seeking returns back towards growth stocks, which has been a key reason for their strong outperformance year-to-date, according to Goldman Sachs. Stick to high-quality growth in this backdropHowever, the rising tide isn't lifting all growth stocks equally. Goldman Sachs"We recommend investors own high-margin growth stocks and avoid low-margin growth stocks, given the current resilient economic growth pricing within equity markets but pessimistic pricing in rates markets," Hammond wrote.

☆ Homebuyers looking for a bargain should consider these 20 cities where houses are actually cheaper than condos
▼ + stars: | 2023-03-29 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

However, there are 20 US cities where homes are less expensive than condominiums. Here are the markets where homes are relatively cheap compared to condos. Homebuyers seem to be overlooking this unusual discrepancy — those 20 cities are either seeing declines or very slight increases in population size, according to census data cited in the report. Besides cost savings, single-family homes in those 20 cities offer more size and distance from neighbors than condos, the report noted. 20 cities where homes are cheaper than condosBelow are the 20 cities where houses sell for less than condominiums, along with the median prices for homes and condos, as well as the price and percent differences between the two.

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