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☆ Apple's navigating a very difficult environment quite well, says Neuberger Berman's Dan Flax
▼ + stars: | 2023-02-03 | 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 EmailApple's navigating a very difficult environment quite well, says Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss his thoughts on big tech stocks, what allowed him to stay positive on Apple and the overall mega-cap tech space.

☆ Tech stocks just finished a five-week rally — the longest stretch since market peak in Nov. 2021
▼ + stars: | 2023-02-03 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

In this article .IXIC Follow your favorite stocks CREATE FREE ACCOUNTTech stocks on display at the Nasdaq. Peter Kramer | CNBCCost control is kingMeta was the top performer among the group this week, with the stock soaring 23%, its third-best week ever. "That was really the game-changer," said Stephanie Link, chief investment strategist at Hightower Advisors, in an interview on Friday with CNBC's "Squawk Box." From the year of its IPO in 2012 through 2021, the company grew between 22% and 58% a year. But in 2022 revenue fell 1%, and analysts expect growth of only 5% in 2023, according to Refinitiv.

☆ Watch CNBC's full interview with Neuberger Berman's Dan Flax
▼ + stars: | 2023-02-03 | 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 EmailWatch CNBC's full interview with Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins 'Squawk Box' to discuss his thoughts on big tech stocks, what allowed him to stay positive on Apple and the overall mega-cap tech space.

Many on Wall Street remain convinced that a widely expected recession is likely to roil markets once again sometime this year. Also encouraging for investors was Powell's repeated references to disinflation - a falling rate of inflation. "I think they do see a path where you can get that soft landing, that Goldilocks-type scenario play out," he said. Banks and asset managers that have reiterated recession calls in recent weeks include BlackRock, Wells Fargo and Neuberger Berman. "Do people think (rate cuts) will be in response to inflation that has been coming down or something more dramatic, in terms of economic slowdown?

☆ Two tech experts discuss the path forward for Snap and Meta shares
▼ + stars: | 2023-02-01 | 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 EmailTwo tech experts discuss the path forward for Snap and Meta sharesNeuberger Berman's Daniel Flax and Cleo Capital's Sarah Kunst discuss Snap and Meta's quarterly earnings report.

☆ Neuberger Berman's Erik Knutzen: Growth is going to slow, recession risk remains
▼ + stars: | 2023-01-31 | 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 Erik Knutzen: Growth is going to slow, recession risk remainsErik Knutzen, chief investment officer at Neuberger Berman's multi-asset class portfolios, joins 'Squawk Box' to discuss his thoughts on the season's earnings results, how the overall market will fare, and more.

☆ TikTok Ban Faces Obscure Hurdle: The Berman Amendments
▼ + stars: | 2023-01-29 | by ( John D. Mckinnon | ) www.wsj.com time to read: 1 min

WASHINGTON—As lawmakers push to ban or restrict Chinese-owned TikTok, one of the many hurdles they face is a pair of measures passed by Congress decades ago to let films, books and music flow freely between the U.S. and hostile foreign countries. The measures, known as the Berman amendments, date to the last years of the Cold War. They took away the president’s authority to regulate or ban imports of “informational materials” from adversarial nations such as Cuba, and shielded those who produced such works—and their U.S. distributors—from penalties for violating economic sanctions.

[1/2] Goldman Sachs' Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis BalibouseNEW YORK, Jan 27 (Reuters) - To listen to Goldman Sachs Group Inc (GS.N) chief executive David Solomon, the bank is doing "great," while skeptical investors wonder what comes next. Still, Goldman shares are up 3.6% over the past year, outperforming the S&P 500 banking index and peers. In October, Goldman scaled back ambitions for Marcus by placing it under the newly-merged asset and wealth division. "Going back to what has made Goldman great for decades will allow the firm to reset and recover," he said.

☆ It's 'quite difficult' to put the U.S. economy in a major recession, portfolio manager says
▼ + stars: | 2023-01-27 | 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 EmailIt's 'quite difficult' to put the U.S. economy in a major recession, portfolio manager saysRobert Dishner, senior fixed income portfolio manager at Neuberger Berman, says any recession in the U.S. is likely to be mild.

☆ Favorite income ideas of top performing funds cluster around similar stocks
▼ + stars: | 2023-01-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

CNBC Pro found four income funds that have performed well over the past three years, which could be opportunities for investors searching for reliable income as the year progresses: The BNY Mellon Income Stock Fund , Neuberger Berman Dividend Growth Fund , Invesco Value Opportunities Fund and Invesco Comstock Fund . Here are the funds: Three stocks stand out as being among the most heavily weighted across three of the funds: JPMorgan , Goldman Sachs and Caterpillar . Financial services names make up a large part of both the BNY Mellon and Invesco Comstock funds, with roughly 30% and 22% of the funds' investments in the sector. Both of them, as well as the Neuberger fund, include JPMorgan, which is the single biggest weighting in the BNY Mellon fund. Goldman Sachs is another favorite financial stocks, being heavily weighted in the BNY Mellon and both Invesco funds.

☆ Analysis: Wall Street heavyweights warn against ‘Goldilocks’ hopes
▼ + stars: | 2023-01-25 | by ( David Randall | ) www.reuters.com time to read: +5 min

The odds are “too high on Goldilocks; there’s still no easy way out,” analysts at BoFA Global Research wrote on Tuesday. Stocks tend to perform poorly in economic downturns, with the S&P 500 falling an average of 29% during recessions since World War Two, according to Truist Advisory Services. Those rebounds inevitably crumbled, leaving the S&P 500 with a 19.4% annual loss, its worst since 2008. The most recent rally has lifted the S&P 500 more than 11% from its October lows. Strategists polled by Reuters at the end of 2021 saw the S&P 500 gaining a median of 7.5% last year.

☆ JPMorgan, Standard Chartered win approval to expand in China
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Jan 19 (Reuters) - JPMorgan (JPM.N) and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China, as Beijing encourages expansion by foreign companies after lifting its restrictive COVID policies. British bank Standard Chartered (STAN.L) won an approval to set up a new securities brokerage unit in China also on Thursday, the regulator said. Canada's Manulife Financial Corp (MFC.TO) in November received regulatory approval to take full control of its Chinese mutual fund venture. U.S. asset manager Neuberger Berman in the same month won approval to set up a new fund unit in China. "China is certainly going to be bit of a long slog," Alexander said, referring to China's lengthy approval process for foreign companies.

Musk, who is expected to be called as a witness in San Francisco federal court this week, has built a cult-like following for his irreverent humor, marketing skills and vision. Legal experts said a jury trial can turn on a key witness and the attorney who questions Musk needs to establish control, minimizing Musk's ability to use his charisma. In the current case, Musk sat for a daylong deposition in 2021 with lead shareholder attorney Nicholas Porritt. The jury is likely to see the "greatest hits" from that interview, according to trial attorney Renato Mariotti, who is not involved in the case. Reporting by Tom Hals in Wilmington, Del., and Jody Godoy in San Francisco; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Schroders gets nod to set up China fund unit as Beijing speeds up approvals
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Jan 14 (Reuters) - Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates opening up its giant financial sector to foreigners. Last month, U.S. asset manager Neuberger Berman celebrated the opening of its China retail fund business, while Fidelity International was granted a mutual fund licence in the country. Authorities have also recently allowed Canada's Manulife Financial Corp (MFC.TO) to take full control of its Chinese mutual fund venture. Setting up a wholly-owned retail fund business in China is testament to Schroder's long-term commitment to the country - a key component of the group's global strategy, the company said in a statement. China scrapped foreign ownership caps in its $3.7 trillion mutual fund industry in 2019, and BlackRock become the first foreign asset manager to open a fully-owned retail fund business in the country.

☆ A top fund manager who's beaten 99% of competitors over the past 5 years shares the investing strategy that led to his success — and 7 of his favorite value stocks right now
▼ + stars: | 2023-01-13 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Eli Salzmann's Neuberger Berman Large Cap Value Fund has beaten 99% of peers in the past five years. Here are seven stocks that Salzmann loves right now, even if the economy weakens. Value stocks have been in vogue for the past year or so, but in the decade before that, investors only seemed to care about growth stocks. The two indexes were weighed down by lagging value stocks, but still managed to fetch returns 316% and 240%, respectively. During that time, many value fund managers drifted toward growth names, said Eli Salzmann, the portfolio manager of the Neuberger Berman Large Cap Value Fund (NBPIX), in a recent interview with Insider.

☆ Get up from your desk and do these 8 nature activities to improve your mood, productivity and memory
▼ + stars: | 2023-01-13 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Whether you're working from home or at your desk in the office, you're probably not getting enough time out in nature. "Just a 50-minute walk in nature can improve your attention and concentration, [and] your working memory by about 20%," Berman says. "A lot of people see a lot of big mood benefits, too, from walking in nature. And if you can't go outside for that long, he encourages you to aim for at least 20 minutes a day and a minimum of two hours a week. Yet, he says the more time spent in nature, the better.

☆ Watch CNBC’s full interview with Neuberger Berman's Holly Newman Kroft
▼ + stars: | 2023-01-12 | 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 EmailWatch CNBC’s full interview with Neuberger Berman's Holly Newman KroftHolly Newman Kroft, Neuberger Berman managing director, joins 'Closing Bell' to discuss her inflation expectations as inflation showed some cooling in the December CPI report.

☆ Economic growth to slow in 2023 along with earnings, says Neuberger's Holly Newman Kroft
▼ + stars: | 2023-01-12 | 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 EmailEconomic growth to slow in 2023 along with earnings, says Neuberger's Holly Newman KroftHolly Newman Kroft, Neuberger Berman managing director, joins 'Closing Bell' to discuss her inflation expectations as inflation showed some cooling in the December CPI report.

☆ CNN announces revamped daytime lineup with new show format
▼ + stars: | 2023-01-11 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —CNN on Wednesday announced a revamped dayside programming lineup that the network said will employ a new format for shows to deliver the news to viewers. Instead, the spokesperson explained, they will be moving around and utilizing the full square footage of the network’s various studios. As a result of the programming changes, “CNN Newsroom” anchors Victor Blackwell and Alisyn Camerota will transition to new roles. CNN didn’t say specifically when the new schedule will go into effect, but the network said it will happen sometime in the coming months. The CNN chief, however, is still searching for a 9 p.m. host since anchor Chris Cuomo was fired in 2021.

☆ Tesla is a buying opportunity at current levels, says Neuberger Berman analyst
▼ + stars: | 2023-01-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Tesla is starting 2023 from behind after posting a brutal yearly loss for 2022, but investors may not want to write off the stock yet, Neuberger Berman analyst Daniel Flax said Monday. On Friday, Tesla briefly fell to its lowest level since August 2020 after the company cut prices for its Model 3 and Model Y vehicles in China. TSLA YTD mountain Tesla shares fell 8% in the first week of the year "I would be a buyer at current levels," Flax said, declining to give a specific target. Flax, whose firm manages more than $400 billion in assets, isn't alone in his long-term optimistic view about Tesla. Despite the recent demand pressures and tumble in its share price, several Wall Street analysts see a buying opportunity for Tesla in 2023 and reiterated their buy or outperform ratings on the shares last week.

☆ I would be a buyer of Tesla at current levels, says Neuberger Berman's Dan Flax
▼ + stars: | 2023-01-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI would be a buyer of Tesla at current levels, says Neuberger Berman's Dan FlaxDan Flax, Neuberger Berman senior research analyst, joins CNBC's 'Squawk Box' to discuss Tesla, FAANG stocks, and more.

☆ NWSL bans four coaches, fines teams after misconduct inquiry
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - The National Women's Soccer League (NWSL) has handed lifetime bans to four former coaches and fined the Chicago Red Stars and Portland Thorns $1.5 million and $1 million respectively, part of sweeping sanctions from a misconduct inquiry. An independent investigator brought in by U.S. Soccer found last year that abuse and misconduct "had become systemic" in the NWSL. Former North Carolina Courage coach Paul Riley, Racing Louisville coach Christy Holly, Chicago Red Stars coach Rory Dames and Washington Spirit coach Richie Burke will each be subject to "permanent exclusion" from the league. Arnim Whisler, who owns the Red Stars, and Thorns owner Merritt Paulson have agreed to sell their teams. The NWSL is compelling the owners of both teams to hire sporting staff that is "completely distinct" from their respective men's teams.

☆ Silvergate extends sell-off into 2nd day as Bank of America sees 35% downside after the crypto bank disclosed huge run on deposits
▼ + stars: | 2023-01-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

BofA downgraded Silvergate Capital on Friday and said it sees another 35% downside for the crypto-focused bank. Silvergate shares plunged Thursday after it was revealed customers withdrew billions in deposits. BofA whittled down its price objective on Silvergate by 78% to $8 a share from $37. "Silvergate's preliminary 4Q22 results introduced a new overhang on the stock: negative earnings growth," Bank of America analyst Brandon Berman wrote in a note published Friday. It now sees those earnings coming in at $0.67 and $0.90, respectively, primarily reflecting a 50% reduction to its revenue growth forecast.

☆ Bank of America double-downgrades Ally Financial, cites deteriorating macro climate
▼ + stars: | 2023-01-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Bank of America thinks it's time to sell Ally Financial as the company faces slowing loan demand and a troublesome macro picture. Shares shed more than 3% in the premarket after analyst Brandon Berman double-downgraded the stock to underperform from buy, saying that macro factors will weigh on fundamentals in the near term. Competitive deposit rate offers could also bring earnings per share below the $4 level, Berman wrote. The new target suggests shares remain range bound near term after selling off nearly 49% in 2022. "We expect bank stocks to outperform pure-play lenders in the current economic backdrop, at least until investors feel confident downward EPS revisions have bottomed out," Berman wrote.

☆ 2023 will be the year of central bank pivots, says JP Morgan's Jordan Jackson
▼ + stars: | 2022-12-27 | 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 Email2023 will be the year of central bank pivots, says JP Morgan's Jordan JacksonErik Knutzen, chief investment officer of Neuberger Berman's multi-asset class portfolios, and Jordan Jackson, global market strategist at J.P. Morgan, join 'Squawk on the Street' to discuss strength in the jobs market, cooling in the demand for services, and more.

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