DIRS.INFO The most relevant business & tech news

☆ Big Tech fund manager reveals how to trade expensive valuations — and the stocks to buy
▼ + stars: | 2023-06-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Investors should focus on trading momentum rather than worry too much about lofty valuations in Big Tech stocks, according to chief investment officer Patrick Armstrong. "I've kept the mega-cap tech stocks that have really been the driver of returns for my portfolio and for the market," Armstrong told CNBC's Squawk Box Europe Monday. Yet Big Tech valuations have pushed the index's forward average price-to-earings ratio to 21 times, its highest level since 2004, barring a brief period in 2018 and 2021, according to FactSet data. Despite his discomfort about these steep valuations, Armstrong said he's not selling yet for two reasons. Armstrong added that if the economy slips into a recession, the recent tech rally could become a period of stagnation, with Big Tech stocks treading water as they attempt to grow into their lofty valuations.

Persons: Patrick Armstrong, Armstrong, I've, CNBC's, It's, he's, you've Organizations: Global Equity Strategy, Big Tech, Tech, Microsoft, Apple, Adobe, Investors Locations: Big Tech

☆ This veteran investor's funds have been outperforming since 2006. Here are his top investing tips
▼ + stars: | 2023-06-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Those are the qualities that outperforming portfolio manager Jordan Cvetanovski has looked for in stocks for the past nearly 20 years. Since its inception in 2022 to May 31, his Pella Global Generations Fund has delivered nearly 20%, outperforming its benchmark — the MSCI ACWI (the MSCI's flagship global stock index) — by 7%. As an investor, Cvetanovski, who is based in Sydney, Australia, said he invests only in his own 34-stock fund, the Pella Global Generations Fund. Investing 'won't be as simple as it was' Cvetanovski said his method of investing has stayed "exactly the same" through the years. Following sustainability criteria is one of Pella Global Generations Fund's objectives.

Persons: Jordan Cvetanovski, I've, …, Carmignac, Cvetanovski, IQVIA, there's, Tesla, EVs Organizations: CNBC Pro, Pengana International, Pengana Capital Group, Fund, Generations Fund, Pella Funds, 3i, Adobe, McLennan, Novo Nordisk, UnitedHealth Locations: Pella, Sydney, Australia, China, U.S, Europe

☆ Unity stock jumps 17% on Apple Vision Pro partnership
▼ + stars: | 2023-06-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

The New York Stock Exchange welcomes Unity Software Inc. (NYSE: U) Friday, September 18, 2020, as they officially begin trading today. Unity shares surged 17% after Apple on Monday said it's working with the game-development software maker as part of the release of its Vision Pro headset. Apple is working to build the third-party ecosystem of apps that people will be able to use in the $3,499 device. The iPhone maker said Adobe , Cisco and Microsoft are among the companies creating Vision Pro apps. Unity, which helps developers incorporate advertising into their apps, was one of the companies hurt by Apple's iOS privacy changes.

Persons: it's, Susan Prescott, we've, John Riccitiello Organizations: New York Stock Exchange, Unity Software Inc, Unity, Apple, Cisco, Microsoft

☆ Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
▼ + stars: | 2023-05-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTMicrosoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft's Build conference in Seattle on May 23, 2023. "Every layer of the software stack is going to be changed forever and no better place to start than the actual developer stack," Microsoft CEO Satya Nadella said during his Build keynote address on Tuesday. It's crucial for third-party developers to enrich Microsoft's own software properties, such as the Microsoft 365 productivity software bundle. Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023. WATCH: Microsoft Build 2023 unveils plugins and products that incorporate A.I.

☆ Microsoft-backed tech group pushes for A.I. regulation: Here's what it's suggesting
▼ + stars: | 2023-04-24 | by ( Lauren Feiner | ) www.cnbc.com time to read: +4 min

BSA, a tech advocacy group backed in part by Microsoft , is advocating for rules governing the use of artificial intelligence in national privacy legislation, according to a document released on Monday. Microsoft is one of the leaders in AI due to its recent investment in OpenAI, the creator of the generative AI chatbot ChatGPT. The group is advocating for four key protections:Congress should make clear requirements for when companies must evaluate the designs or impact of AI. "If it is, we should have a national agenda for digital transformation," he said, which would include rules around AI, national privacy standards and robust cybersecurity policy. Though the bill still faces a steep road ahead to becoming law, BSA said it already has the right framework for the sort of national AI guardrails the government should put in place.

☆ Stock futures are flat following Tuesday's bank stock comeback: Live updates
▼ + stars: | 2023-03-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, October 7, 2022. Stock futures were flat in overnight trading after Tuesday's comeback rally in bank shares. Futures tied to the Dow Jones Industrial Average dipped 30 points, while S&P 500 futures and Nasdaq 100 futures traded flat. First Republic and other banking shares rose in overnight trading, building on Tuesday's recovery, while shares of homebuilder Lennar added 3% on positive earnings results. Financials got a 2.2% boost, thanks to a comeback in banking stocks as investors bet on the sector's resilience despite the collapse of Silicon Valley Bank and Signature Bank.

☆ A major inflation report and fallout from Silicon Valley Bank hang over markets in week ahead
▼ + stars: | 2023-03-10 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

February's consumer inflation report should be a big driver for markets in the week ahead, as investors watch for continued fallout from the shutdown of SVB Financial Group's Silicon Valley Bank. The consumer price index report on Tuesday is the last major inflation data ahead of the Federal Reserve's March 21 and 22 meeting. Silicon Valley Bank's troubles overshadowed nearly everything else in markets Thursday and Friday, as investors sought safety in the bond market and sold bank stocks. Those odds had been as high as 70% before the Silicon Valley Bank news began to hit the market. Now inflation data is being watched carefully since a very hot number could mean the Fed will become more aggressive.

☆ Value investor Bill Nygren says he sold some energy for new buys, including Adobe and an auto name
▼ + stars: | 2023-01-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Last year's losing market created a new host of buying opportunities for long-term value investors across different sectors, Oakmark Funds' Bill Nygren said Thursday. In the energy sector, Oakmark opted to keep positions in APA , Conocophilips and Dominion Energy , which have more non-earning assets, Nygren said. The portfolio manager then used the cash to buy Canadian auto parts manufacturer Magna International . It is a single-digit price-to-earnings stock that fell to around $60 from $100 at its high, Nygren said. MGA 1Y mountain Magna International "We think they're under earning today because of supply chain problems," Nygren said.

☆ Seven S&P 500 sectors will see earnings contract in the fourth quarter, Refinitiv estimates show
▼ + stars: | 2022-12-29 | by ( Robert Hum | ) www.cnbc.com time to read: +2 min

Fourth-quarter earnings estimates have been falling in recent weeks, with the current Refinitiv consensus predicting the first earnings contraction since the third quarter of 2020. Although this would be the first drop since 2020, there has been plenty of slowing growth prior to this earnings season. That projection was halved before the start of last earnings season three months ago. That might provide some optimism for what's in store during Q4 earnings season. The first-quarter earnings growth rate is sitting at a precarious positive 1.4%.

☆ Goldman finds prior year's losers tend to beat the market in the first quarter — 10 laggard buys
▼ + stars: | 2022-12-02 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

As investors prepare their portfolios for the new year, Goldman Sachs revisited laggard stocks that have the potential to outperform at the start of 2023. In the past, stocks that lagged the broader market tended to become leaders in the first quarter of the following year, according to Goldman Sachs. Goldman Sachs searched for laggards across several different criteria. Another stock that made the list includes Adobe , which Goldman Sachs considers a buy-rated quality stock trading at a reasonable valuation. In October, Goldman Sachs analyst Kash Rangan identified the name as a tech stock that is resilient in a downturn .

☆ Canva: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Canva helps people create presentations, videos and other designs, competing against Adobe , Microsoft and other graphic-design software firms. The company lures in subscribers with free trials for 30 days, and aims to convert them to a premium or Pro level for $12.99 monthly. Currently, Canva counts millions of Pro customers and over 100 million active monthly users. It also added an enterprise level two years ago that has attracted major customers, including Marriott, PayPal, Salesforce, American Airlines and Zoom. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).

☆ The 60/40 portfolio has been suffering all year, but there are opportunities for long-term investors
▼ + stars: | 2022-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The 60/40 strategy, known as a balanced portfolio, has been hit by rising bond yields — which means falling fixed income prices, as well as a sinking stock market. "The future is brighter for the 60/40," said Omar Aguilar, CEO and chief investment officer of Schwab Asset Management. "The correlation will come back to the normal levels, or the historical levels that you normally have between equities and fixed income," Aguilar said. Schwab's Aguilar advises against chasing yields in fixed income, but instead maintaining a balanced approach between credit and duration. In fixed income, the firm currently has a bond duration of four years, down from its previous seven-year duration.

☆ Microsoft launches Designer, its answer to highly valued startup Canva
▼ + stars: | 2022-10-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft is launching a simple graphic design app called Designer that will be available for free and as part of Office productivity software subscriptions, the company said Wednesday. Microsoft has sought to demonstrate the value of Office subscriptions by adding new capabilities, and earlier this year it raised the prices of some bundles aimed at businesses. With its Designer app, Microsoft is initially aiming at consumers, a spokesperson told CNBC in an email. The launch of Designer might also make Microsoft bump up against Adobe , which fields the free Adobe Express tool that features templates and stock images. Once the app becomes generally available, Microsoft will maintain a free tier, along with a premium version for those with Microsoft 365 Personal and Microsoft 365 Family subscriptions, the spokesperson said.

Search resuls for: "Adobe ,"

13 mentions found