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As he has done several times before, Einhorn pointed a finger at passive, index investors: "The passive people, they don't care what the value is." "I view the markets as fundamentally broken," Einhorn said back in February on Barry Ritholtz's "Masters in Business" podcast. "You have these companies, and all they do is they manage these expectations, right?," Einhorn told Picker. This is causing great pain to value investors like Einhorn, many of whom have seen cash flee their funds. Another reason for long-term underperformance by active managers: They are competing against other active managers who have very little competitive edge against each other.
Persons: David Einhorn, Greenlight Capital's David Einhorn, Leslie Picker, Einhorn, It's, Picker, Barry Ritholtz's, Rob Arnott, Arnott, there's, doesn't, RAFI, you'd, I'm Organizations: Greenlight Capital, CNBC Delivering Alpha Investor, Alpha, CNH, Interactive, Cornell grad, Research Affiliates, P Global Locations: New York City, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBottom-up investment opportunities in China have improved from last year, says portfolio managerVivian Lin Thurston of William Blair Investment Management discusses which sectors in China she sees fundamentals improving and says that some stocks are interesting and attractive from a theoretical perspective even if their valuations don't reach the averages from 5 years ago.
Persons: Vivian Lin Thurston, William Blair Organizations: William Blair Investment Management Locations: China
Legends of Uzbekistan: The man who measured the world
  + stars: | 2024-11-13 | by ( ) edition.cnn.com   time to read: +4 min
But a period of immense discovery is beginning, in which every scholar hopes their theories could change our understanding of the world. One of the greatest of these and one of the most revered in Islam is Abu Rayhan Al-Biruni. Born in 973 CE in Khwarazm in northwest Uzbekistan, Al-Biruni was a man of such prodigious knowledge and scholarship that the modern city is now an ode to his name, Beruniy. Al-Biruni is considered the "father of Indian studies" GettyThe early ages of space discoveryAlongside cultural studies, Al-Biruni had a passion for astronomy, devoting 95 of his 146 books to the cosmos. The first award ceremony is scheduled in November 2025, in Samarkand during the 43rd Session of the UNESCO General Conference.
Persons: Abu Rayhan Al, Biruni, Mahmud Ghaznav, Al, Getty, Galileo Galilei, Sir Isaac Newton, Richard Dunthorne Organizations: Nations, UNESCO Executive, UNESCO, Intelligence, UNESCO General Conference Locations: Islam, Khwarazm, Uzbekistan, Al, Tehran, Lahore, India, Samarkand
Philip Morris shares have more room to run as the Marlboro maker continues to shift its focus from cigarettes to smoke-free products, according to Goldman Sachs. Herzog also reiterated her buy rating and called Philip Morris a top pick heading into 2025. Philip Morris announced earlier this year that it would invest $600 million to build a new Zyn production facility in Colorado. PM YTD mountain PM, year to date Herzog also said Philip Morris shares will benefit from the domestic debut of heated tobacco product Iluma. Philip Morris shares have jumped more than 33% in 2024.
Persons: Philip Morris, Goldman Sachs, Bonnie Herzog, Herzog, Philip Locations: Marlboro, Tuesday's, U.S, Colorado
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRashaun Williams: Crypto fundamentals will 'outstripe' technicals as mainstream adoption occursRashaun Williams, venture capitalist and Atlanta Falcons limited partner, joins CNBC's 'Closing Bell' to discuss outlooks on crypto, sports investing, and more.
Persons: Rashaun Williams Organizations: Atlanta Falcons
As we approach the expiration of our Meta Platforms (META) trade from early October we have successfully captured 78% of the total maximum gain. On the fundamentals, META stands out as a leader in profitability and growth compared to its industry peers. And with analysts expecting EPS growth of 23% and revenue growth at 16%, META outpaces the industry averages by a significant margin. Additionally, META trades at 23x forward earnings, which is a 15% discount relative to its peers, presenting a substantial upside potential. The breakeven point is $571.77, meaning the trade remains profitable as long as Meta stays above this level.
Persons: AAPL Organizations: Apple, CNBC, NBC UNIVERSAL Locations: OptionsPlay
Source: NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe stock market is riding high on Trump's election victory. The postelection stock rally, however, is likely to stay strong for now. It's hard to go wrong following the age-old rules for investing in the stock market: Be in it for the long term, diversify and look at fundamentals like earnings and valuation.
Persons: HSI, it's, Morgan Stanley, Lisa Shalett, John Stoltzfus, Shalett, CNBC's Brian Evans, Alex Harring Organizations: New York Stock Exchange, CNBC, Dow Jones, Apple, Microsoft, Nasdaq, Dow, Republicans, Morgan, Morgan Stanley Wealth Management's, Oppenheimer Asset Management
Piper Sandler names Nvidia a top pick The firm said Nvidia is a new top pick. Morgan Stanley reiterates Dell as overweight Morgan Stanley raised its price target on Dell to $154 per share from $136. Morgan Stanley reiterates Nvidia as overweight The firm raised its price target on Nvidia to $160 per share from $150. Wedbush reiterates Tesla as outperform The firm said Tesla remains well positioned. "We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years."
Persons: Wedbush, Piper Sandler, Bernstein, BURL, Morgan Stanley, Dell, DELL, Wolfe, underperform Wolfe, We've, WBD, Blackwell, Cabot, Tesla, Raymond James downgrades Bloomin, Raymond James Organizations: UBS, Vale, Nvidia, Blackwell, Citi, Apple, JPMorgan, Dell, Warner Bros, NBA, Deutsche Bank, Cisco, Orion, Trump White House, Bank of America Locations: China, Burlington, Brazil
Oppenheimer sees more upside ahead for the S & P 500 now that the presidential election is over. The firm lifted its price target on the broad index to 6,200 from 5,900, reflecting 3.5% upside from Friday's close. .SPX YTD mountain S & P 500's year-to-date performance According to Stoltzfus, the election helped rid the market of lingering uncertainties and ushered in a "sigh of relief rally." The S & P 500 surged more than 4% last week, marking its biggest weekly advance in over a year. Oppenheimer retained its earnings estimates for the year, noting that the S & P 500 companies reporting so far have signaled "robust" quarters.
Persons: Oppenheimer, John Stoltzfus, Stoltzfus, Donald Trump's Organizations: CNBC Pro's, Fed Monetary
Traders work on the floor of the New York Stock Exchange during the morning trading on Nov. 7, 2024. Stock futures are near flat Sunday night as Wall Street looks to what's next after a post-election rally propelled the market to record highs. Futures tied to the Dow Jones Industrial Average added 19 points, trading slightly above breakeven. S&P 500 futures were also little changed, while Nasdaq 100 futures climbed 0.2%. Last week's rally was considered broad, with both the tech-heavy Nasdaq Composite and small cap-focused Russell 2000 also advancing.
Persons: what's, Russell, Donald Trump, Jerome Powell, Katie Nixon Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Traders, Trust, Ticketmaster
To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.
Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks
Google's head of research told BI that learning to code continues to be a valuable skill. A decade later, Google's head of research says the advice still rings true — even in the age of AI. Related stories"I think that basic coding is like basic math," Matias said. Google Research has already integrated AI into tools like flood forecasting models, which Matias said can save lives. With AI impacting so many fields, Matias said "it's important to master the basic things," like the fundamentals of coding.
Persons: Yossi Matias, , Google's, IBM's Jonathan Adashek Matias, Matias, Sundar Pichai, it's Organizations: Service, Chelsea, Google, Google Research Locations: New York
Jefferies reiterates Nvidia and Marvell as buy The firm says the two chipmakers still have the most upside. Citi upgrades Bank of America to buy from neutral Citi says the bank could be a beneficiary of lighter regulation. Bank of America downgrades Rivian to neutral from buy Bank of America said it sees regulatory risk under a Trump administration. Bank of America upgrades Teledyne Technologies to buy from neutral The firm says it sees upside ahead for the industrial conglomerate. Goldman Sachs upgrades Wingstop to buy from neutral The firm says the wings restaurant has "best-in-class" growth.
Persons: William Blair, Warby Parker, Bernstein, Apple, Lowe's, Jefferies, Goldman Sachs, Sweetgreen, Goldman, outperformance, it's bullish, BNTX, Oppenheimer, Piper Sandler, Wells, Airbnb, Gross, Trump, TDY Organizations: Apple, Apple Intelligence, Nvidia, Marvell, Enterprise, JPMorgan, China EV, Catalyst, Holdings, Barclays downgrades, Body, Citi, U.S, Deutsche Bank, UBS, Molson Coors, OW, Bank of America, Trump Administration, " Bank of America, Teledyne Technologies Locations: AVGO, 4Q24, DPZ, UW
Eli Lilly: Shares of Eli Lilly are finally putting together back-to-back sessions of gains. Eli Lilly shares traded at $903 before the quarterly report, putting the post-earnings pullback at about 7%. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.
Persons: Jim Cramer, Donald Trump's, aren't, Eli Lilly, Lilly, David Ricks, Wells, We've, Eli Lilly's, Tyson, Jim Cramer's, Jim, Shelby Knowles Organizations: CNBC, ., Treasury, Companies, Tech, Tesla, Arista Networks, Costco, United States, Disney, Tyson Foods, AstraZeneca, Spotify, Occidental, Cisco, Advance, Materials, Jim Cramer's Charitable, Bloomberg, Getty Locations: China, Wells Fargo, Brooklyn, New York
The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The news on Best Buy Citi lowered its Best Buy price target to $109 per share from $115 on Friday while maintaining its buy-rating on the stock. BBY YTD mountain Best Buy stock performance year-to-date. Bottom line Despite Citi's concerns, we're sticking with Best Buy. Best Buy should be well-positioned to benefit from falling interest rates if home sales pick up again.
Persons: , Telsey, Jim Cramer, Jim, they're, Donald Trump's, Jim Cramer's, Ting Shen Organizations: Advisory, Depot, Federal, Home Depot, Home, Citi, Trump, CNBC, Home Depot Inc, Bloomberg, Getty Locations: China, Washington , DC
A pro-business agenda, regulatory flexibility, and potential tax incentives under his administration could once again set the stage for technology stocks to outperform. Adobe (ADBE) , a leader in AI-enhanced creative solutions, is particularly well-positioned to capitalize on this environment. With its superior growth rates and operational margins that set it apart from peers, Adobe's valuation presents a compelling entry point amid strong fundamentals and a supportive administration. This signals that sellers are starting to get exhausted and presents an opportunity for buyers to start stepping in for a strong counter-trend rally. To capitalize on a potential rally in Adobe, consider buying the December 20, 2024, $500/550 Call Vertical @ $18.05 Debit.
Persons: Donald Trump's, ADBE Organizations: Adobe, Digital Media, CNBC, NBC UNIVERSAL
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In 2022, the company launched Unlocked, an AI-driven internal talent marketplace that allows employees to pursue skill-building and career-development opportunities. At Mastercard, we have looked at what makes a leader in the context of all of the different emerging trends and changes in the external environment. And then we put in place a lot of different programming to enable people leaders to show up at their best. How do you think employees are feeling right now about the competing narratives around AI — that it's potentially highly disruptive but also a great opportunity?
Persons: Lucrecia, , Borgonovo, it's, we're, I've, We're, they're, I'm, we've Organizations: Service, Business, Mastercard
Bank of America downgrades Solaredge to underperform from neutral Bank of America says Solaredge is at risk of tariffs in a Trump administration. Barclays downgrades Coty to underweight from equal weight Barclays downgraded the beauty stock following earnings and says it sees "strategy creep." Baird upgrades McKesson to outperform from neutral Baird upgraded the healthcare and medical supply company following earnings. JPMorgan upgrades Clearwater to overweight from neutral JPMorgan upgraded the software company following earnings. " Seaport downgrades Duolingo to neutral from buy The firm downgraded the language App company mainly on valuation following earnings.
Persons: Solaredge, Jefferies downgrades Palantir, Jefferies, PLTR, Bernstein, Ford, Morgan Stanley, Wolfe, it's, Trump, Coty, Schneider, Schneider National's, Apple, it's bullish, Max, Baird, MCK, JPM, CWAN, Guggenheim, Sunrun, Raymond James, Tesla Organizations: Barclays, Qualcomm, Bank of America, of America, Intelligence, Allstate, Nvidia, AMD, Coty, underperform Bank of America, Citi, Apple, Deutsche Bank, Disney, HC, JPMorgan, UBS, Vulcan, Guggenheim, Technologies, USM Locations: Trump, 1Q23, China, F4Q
Investors boosted stocks after Donald Trump won a second term. But investors shouldn't depart from their long-term investing plan, Morningstar's Dave Sekera says. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But even as prices soar, it's important not to get caught up in the mania beyond your normal risk tolerance, warns Morningstar Senior US Market Strategist Dave Sekera. "The small-cap space, even with today's bump, it's still the most undervalued part of the market in our view," he said.
Persons: Donald Trump, shouldn't, Dave Sekera, , Morningstar, Sekera, Trump, aren't, Goldman Sachs, shouldn't overreact, John Rekenthaler, Joe Biden, That's, it's Organizations: Service, Dow Jones, White Locations: bullishness
Trump Media shares dive, giving up Election Day gain
  + stars: | 2024-11-07 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Shares of Trump Media & Technology Group , President-elect Donald Trump's media company, plunged in premarket trading Thursday, giving back the rally in the previous session triggered by his election victory. Trump Media, which is the operator of Truth Social, was viewed as a proxy for Trump's election odds in the past few months. The stock had shot up as much as 60% early Wednesday as Trump was projected to defeat Vice President Kamala Harris. The media company, majority owned by Trump, went public in March via a blank-check merger and now trades under ticker DJT — Trump's initials. Trump Media released a surprise earnings statement after the bell Tuesday that showed the company lost $19.2 million in the third quarter.
Persons: Donald Trump, Elon Musk, Donald Trump's, Trump, Kamala Harris Organizations: Republican, White House, Trump Media & Technology Group, Trump Media, Trump, Investors Locations: Mar, Palm Beach , Florida, U.S, United States
Truth Social owner Trump Media & Technology Group, Trump’s social media company, is skyrocketing in value this morning after CNN and other media outlets projected Trump won the election. Trump is the dominant shareholder in the conservative social media company, which has scant revenue and is losing money. When a stock price starts to rise sharply, traders who bet against it are forced to buy back the stock to limit their losses. That’s despite the fact that Trump Media makes very little revenue and Truth Social is a relatively small player in social media. Trump Media disclosed Tuesday afternoon that its third-quarter revenue dipped 5% to just $1 million.
Persons: Donald Trump didn’t, , Trump, Matthew Tuttle, isn’t, Tuttle, ” Tuttle, Michael Block, Block, ” Block Organizations: New, New York CNN, White, Truth Social, Trump Media & Technology Group, CNN, Trump, Trump Media, Tuttle Capital Management, JetBlue, That’s Locations: New York, Iowa
There will be a lot of accounting of why Harris came so close but did not close the deal. I know the fundamentals of how and why Trump exists — I’ve written about them too many times to count — and I know that nothing about those fundamentals has changed. This election was about who told a better story about the fundamentals without promising anything to fix those fundamentals. I know that most Americans are center-right and that the left has not yet built the power base necessary to make most Americans center-left. She was always going to be the only legitimate candidate in a race against Donald Trump, a felon and self-aggrandizing political troll.
Persons: Harris, Trump, , Donald Trump Locations: vacuums
US election news on a screen on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 6, 2024. Stock futures are near flat Wednesday night after a huge market rally following Donald Trump's decisive victory in the presidential election. Futures tied to the Dow Jones Industrial Average added 25 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures both traded marginally above flat. The Dow, S&P 500 and Nasdaq Composite all notched new all-time highs in the session, while the small cap-focused Russell 2000 jumped more than 5%.
Persons: Donald Trump's, Dow, Russell, Scott Helfstein, Jerome Powell's Organizations: New York Stock Exchange, Stock, Traders, Dow Jones, Nasdaq, U.S ., Global, CME Group's, Moderna, Warner Bros Locations: New York
Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.
Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake
New York CNN —Donald Trump’s return to power is a hinge point for the American media – in ways big, small, and to be determined. A severe trust deficit exists between the Trump base and big institutional media outlets. “Maybe ‘misinformation’ is a lazy word that was never applied to press coverage of Biden’s health or the border. Thus, Trump’s reelection portends a new period of hostility with major media outlets that strive for impartiality as well as partisan outlets that oppose him. Further, will media outlets engage in self-censoring to appease Trump, and if so, how will readers and viewers who oppose Trump react?
Persons: New York CNN — Donald Trump’s, Kamala Harris, Matt Walsh, Trump, , we’ve, , Dave Weigel, Harris, Scott Jennings, Trump’s, ” Jennings, Liz Cheney, Nikki Haley, Tim Walz, , ’ ”, Ashley Allison, Rupert Murdoch, portends, ” Conde Nast, Roger Lynch Organizations: New, New York CNN, Trump, Republicans, CNN, ’ ” Liberal, Fox News, White Locations: New York, United States, America, York, Puerto Rico
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