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Search resuls for: "AllianceBernstein's"


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☆ Tenbagger stocks that Wall Street believes can keep the big returns going
  + stars: | 2022-11-03 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Wall Street expects these "tenbagger" stocks that enjoyed a meteoric rise over the past decade to continue their big gains. The term was first coined by legendary investor Peter Lynch, an avid baseball fan who compared a stock's growth prospects to two home runs and a double in the sport. With that in mind, CNBC Pro searched for tenbagger stocks from the past decade that analysts believe will continue to make outsized gains. What's more, they have a 2022 estimated earnings per share growth rate of more than 20%, and an estimated annual long-term EPS growth rate of more than 20%. Its 2022 earnings per share growth estimate is 66%, while its annual long-term share growth is forecasted to be 26%.
☆ Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse
  + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Meta 's third-quarter results have Wall Street analysts split on the struggling tech stock. Morgan Stanley's Brian Nowak downgraded shares of Meta to equal weight from overweight after the results , and slashed its price target to $105 from $205. Cowen's John Blackledge downgraded Meta to market perform from outperform, and lowered his price target to $135 from $205 prior, citing the higher opex and capex trajectory. JPMorgan's Doug Anmuth slashed his Meta price target to $115 per share from $180, noting that it's unclear when the Facebook parent will see a return on its big metaverse and AI investments. Meanwhile, AllianceBernstein's Mark Shmulik, who maintained an outperform rating while lowering the price target to $135 from $195, said the "shocking cost guidance overshadows reasonable core."
☆ This pandemic consumer trend is still going strong. How to get behind it
  + stars: | 2022-10-16 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +4 min
As CNBC Pro has previously reported, pet ownership in the U.S . is booming, and will help sustain a higher level of sales in the coming years. However, that 4% increase in pet ownership has resulted in an 11% gain in pet spending, it said. "Despite now being [circa] 30 months away from the start of the pandemic, pet care is still going strong," AllianceBernstein analysts wrote. That pace is faster than 8% global growth rate from 2021 to 2022 predicted by Euromonitor and Bernstein analysis, the report said. It owns Diana Pet Foods, and is the leading pet food ingredients company.
☆ Wall Street shops get dinged for nearly $2 billion in penalties for failing to police bankers' use of Whatsapp
  + stars: | 2022-09-28 | by ( Aaron Weinman | ) www.businessinsider.com   time to read: +5 min
Some of the world's largest banks from Goldman Sachs to Morgan Stanley will cough up nearly $2 billion in penalties to the US regulators for failing to sufficiently monitor their employees' use of unauthorized messaging apps. At the heart of the matter here are bankers' use of communications platforms like Whatsapp or Signal. These are encrypted messaging apps that bankers regularly use to communicate with clients and even journalists. The largest US banks, boutiques, and European lenders were caught up in a probe around the use of unauthorized messaging apps. Whatsapp, for example, is a popular messaging app with bankers dealing with clients based outside the US.
☆ AllianceBernstein's CEO leans into private assets and ETFs as active managers face the worst market in decades
  + stars: | 2022-09-27 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +5 min
AB CEO Seth Bernstein spoke with Insider recently about the active asset manager's plans. Portfolio managers of active ETFs are actively overseeing a basket of securities, while typical passive ETFs track indices. Branded black water bottles promoting the new products read: "AB ETFs. Its first two ETFs are fixed income products — the AB Ultra Short Income ETF and the AB Tax-Aware Short Duration Municipal ETF. "We will continue to diversify the platform into private alts," Bernstein said during the Morgan Stanley conference in June.
☆ Analysis: Credit markets see less risk of recession, earnings may challenge that
  + stars: | 2022-09-23 | by ( Karen Brettell | ) www.reuters.com   time to read: +5 min
“Credit spreads are too tight, they are not adequately reflecting the risk of recession. Leveraged loans and junk bonds are high-risk corporate debt. Their borrowing rates have been held in check by solid liquidity while default rates are near historical lows and not seen likely to spike significantly near-term. Earnings were better than expected in the second quarter on average, but higher rates and slowing growth are expected to make a bigger dent in profits soon, which could bring rating downgrades and higher default risk. “For now the credit market's still taking comfort from in place fundamentals and a slow pace of deterioration.
☆ As Treasury yields spike, short-duration ETFs are beating the market and raking in cash
  + stars: | 2022-09-18 | by ( Jesse Pound | ) www.cnbc.com   time to read: +4 min
The JPMorgan Ultra-Short Income ETF ha s pulled in more than $3.5 billion of new money this year. AllianceBernstein launched its first ETFs last Wednesday, including the AB Ultra Short Income ETF , a fund that invests in debt with less than one year to maturity. An inverted yield curve refers to short-term yields that are higher than longer-dated yields. The combination of quickly rising interest rates and an inverted yield curve creates a couple of benefits for short-duration funds. AllianceBernstein's municipal ETF has a management fee of 0.27%, while the fee on the ultra short income fund stands at 0.25%.
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