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Matt Orton, chief market strategist at Raymond James Investment Management, was the latest to urge investors to "strategically add" to small-cap stocks right now. Tom Ognar, senior portfolio manager at Allspring Global Investments, said small- and mid-cap stocks look the "most incrementally interesting" among growth stocks. "We're very attuned to the valuation discounts currently being afforded to small- and mid-cap stocks after protracted periods of underperformance relative to large-cap stocks," he said. It screened for the best small-cap stocks to play an economic recovery. RBC Capital Markets also released, in a September note, an updated list of what it called "high conviction" U.S. small-cap growth recommendations.
Persons: Matt Orton, Russell, CNBC's, Orton, Tom Ognar, Ognar, CNBC'S, Valvoline, it's, — CNBC's Michael Bloom Organizations: Raymond James Investment Management, Allspring Global Investments, . Bank of America, Microsystems, Technologies, RBC Capital Markets, Automotive, RBC, Clearwater Analytics, Clearwater, Xenon Pharmaceuticals
Tech giant Alphabet is "the cheapest" of all the mega-cap names, according to Matt Orton, chief market strategist at Raymond James Investment Management. With the U.S. consumer "holding up well," its ad-driven revenues are "incredibly strong," he told CNBC's " Street Signs Asia " on Monday. "That's probably the cheapest by far — the cheapest of all the mega-cap names, and so I think there's a lot of durability to Alphabet," he concluded. Orton said what's "most exciting" about Alphabet is the long-term artificial intelligence opportunity, adding that the tech giant is underappreciated in that regard. Alphabet versus Microsoft Alphabet and Microsoft will be the two long-term winners in AI, according to Orton.
Persons: Matt Orton, CNBC's, Orton, That's, what's Organizations: Raymond James Investment Management, Google, Microsoft Locations: Office360
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet has better AI product than anything else on the market: StrategistMatt Orton of Raymond James Investment Management explains why Alphabet is his top pick when it comes to investing in AI.
Persons: Matt Orton, Raymond James Organizations: Raymond James Investment Management
‘The Fraud’ Review: Zadie Smith’s Trial by Fiction
  + stars: | 2023-09-02 | by ( Sam Sacks | ) www.wsj.com   time to read: +1 min
Tichborne’s grief-stricken mother immediately embraced this man as her son, despite major inconsistencies in his story. Tichborne had spoken fluent French; this man, whom investigators hired by others in the Tichborne family discovered to be an Australian butcher named Arthur Orton, didn’t know a word. Tichborne had been of average size; this man was enormously overweight. Even so, as the dispute was sensationalized by the press, public opinion became hotly divided along class lines, with many of London’s poor taking up Orton’s cause. The passionately debated trials that followed—first in civil court and then in criminal court, where Orton, by now a celebrity, was sentenced to prison for perjury—were among the lengthiest in the history of English law.
Persons: Tichborne, , Roger Tichborne, Arthur Orton, didn’t, , Orton Locations: England, Australian
Core inflation is rising in the U.K. while falling in other big economies like the U.S. WSJ’s Anna Hirtenstein explains why, and how it affects Prime Minister Rishi Sunak’s goal of halving inflation by the end of 2023. Illustration: Daniel Orton/WSJLONDON—The Bank of England on Thursday raised its key interest rate for the 14th time in a row, and said it may do so again as it tries to cool the fastest rise in consumer prices in the Group of Seven advanced democracies.
Persons: WSJ’s Anna Hirtenstein, Rishi Sunak’s, Daniel Orton Organizations: Bank of England, Seven Locations: U.S
All the King’s Presidents: The Power of Soft Diplomacy President Biden is the first U.S. leader King Charles III has met since ascending the throne, but Britain’s new monarch has a long history with presidential get-togethers, using them to strengthen U.S.-U.K. ties and advance his own causes. Photo Composite: Daniel Orton
Persons: Biden, King Charles III, Daniel Orton Organizations: Soft Diplomacy Locations: U.S
The Hiring Boom Is Hiding a Recession Signal
  + stars: | 2023-07-20 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
All the King’s Presidents: The Power of Soft Diplomacy President Biden is the first U.S. leader King Charles III has met since ascending the throne, but Britain’s new monarch has a long history with presidential get-togethers, using them to strengthen U.S.-U.K. ties and advance his own causes. Photo Composite: Daniel Orton
Persons: Biden, King Charles III, Daniel Orton Organizations: Soft Diplomacy Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer remains in 'good shape' which will support earnings, strategist saysMatt Orton, chief investment strategist at Raymond James, discusses banking results and why he doesn't think there will be an "earnings apocalypse."
Persons: Matt Orton, Raymond James
All the King’s Presidents: The Power of Soft Diplomacy President Biden is the first U.S. leader King Charles III has met since ascending the throne, but Britain’s new monarch has a long history with presidential get-togethers, using them to strengthen U.S.-U.K. ties and advance his own causes. Photo Composite: Daniel Orton
Persons: Biden, King Charles III, Daniel Orton Organizations: Soft Diplomacy Locations: U.S
All the King’s Presidents: The Power of Soft Diplomacy President Biden is the first U.S. leader King Charles III has met since ascending the throne, but Britain’s new monarch has a long history with presidential get-togethers, using them to strengthen U.S.-U.K. ties and advance his own causes. Photo Composite: Daniel Orton
Persons: Biden, King Charles III, Daniel Orton Organizations: Soft Diplomacy Locations: U.S
How the Consumer-Price Index Measures Inflation
  + stars: | 2023-07-13 | by ( Wall Street Journal | ) www.wsj.com   time to read: 1 min
All the King’s Presidents: The Power of Soft Diplomacy President Biden is the first U.S. leader King Charles III has met since ascending the throne, but Britain’s new monarch has a long history with presidential get-togethers, using them to strengthen U.S.-U.K. ties and advance his own causes. Photo Composite: Daniel Orton
Persons: Biden, King Charles III, Daniel Orton Organizations: Soft Diplomacy Locations: U.S
Core Inflation Is Rising in the U.K. While Falling Elsewhere. Here’s Why. Core inflation is rising in the U.K. while falling in other big economies like the U.S. WSJ's Anna Hirtenstein explains why, and how it affects Prime Minister Rishi Sunak’s goal of halving inflation by the end of 2023. Illustration: Daniel Orton/WSJ
Persons: WSJ's Anna Hirtenstein, Rishi Sunak’s, Daniel Orton Locations: U.S
I’ve been itinerant lately, so I tend to carry my reading everywhere I go. Right now, I’m trying to make sense of the forces that misshaped me, so I’m reading “The Reformation: A History,” by Diarmaid MacCulloch, and “The Scottish Enlightenment,” by Arthur Herman. What’s the last great book you read? Describe your ideal reading experience (when, where, what, how). A great book can make any reading experience ideal.
Persons: I’ve, Diarmaid MacCulloch, , Arthur Herman, I’m, Pam Zhang, Catherine Lacey, David Hare, Michael Cunningham’s, Alan Bennett, John Lahr’s, Joe Orton, Sebastian Barry, Tomasi di Lampedusa, Maria McCann’s Organizations: Scottish Locations: Edinburgh,
Affirmative action has been used to pit Asian Americans against other communities of color, experts said. "By grouping together all Asian students, for instance, respondents are apparently uninterested in whether South Asian or East Asian students are adequately represented, so long as there is enough of one to compensate for a lack of the other," Roberts wrote. "Affirmative action provides a second chance for students of color," Stewart Kwoh, co-executive director of the Asian American Education Project, told Insider. In the face of the destabilizing effects of rolling back affirmative action, students of color are shoring up to ensure diversity at their schools. Ron DeSantis signed a bill mandating Asian American and Pacific Islander studies in schools, a move that critics condemned as using Asian American communities as a "wedge" against other communities of color.
Persons: , John Roberts, Roberts, Sonia Sotomayor, Sotomayor, Stewart Kwoh, Sarah Zhang, we're, Zhang, Muskaan Arshad, Arshad, Chip Somodevilla, Ron DeSantis, Gregg Orton, There's, Reyna Patel, Hill, I've, Shruthi Kumar, Scott Applewhite, They're, Agustin Leon, Saenz Organizations: Service, Harvard, University of North, Asian American Education, Affirmative, Coalition, UNC, Fair, US, Florida Department of Education, AP, American, Florida Gov, Pacific, National Council of Asian Pacific, NBC, Studies, Asian Locations: University of North Carolina, America, Mexican, Harvard, Washington ,, Florida
This section of the Rio Santo Domingo has been compared to a double black diamond ski slope. Rush Struges, Rafa Ortiz, and Evan Garcia were the first people to run the waterfalls from top to bottom in 2013. Jackson kayaks the Angel Wings falls in the Santo Domingo Gorge. But that doesn’t stop Jackson’s family getting anxious when he embarks on a big project, including his descent in the Santo Domingo Gorge. “My dad’s a pro kayaker, my sister’s a pro kayaker, my mom has been there every step of the way,” says Jackson.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with G Squared’s Victoria Greene and Raymond James’ Matt OrtonG Squared’s Victoria Greene and Raymond James’ Matt Orton, join 'Closing Bell: Overtime' to discuss their takeaways after a big earnings week and what it means for the Fed meeting next week.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings season shows consumers still spending despite inflation, says Raymond James’ Matt OrtonG Squared’s Victoria Greene and Raymond James’ Matt Orton, join 'Closing Bell: Overtime' to discuss their takeaways after a big earnings week and what it means for the Fed meeting next week.
March 20 (Reuters) - Shares of First Republic Bank (FRC.N) closed 47% lower on Monday, adding to recent losses as concerns about its liquidity continued to worry investors despite a $30 billion influx of deposits last week. The bank's stock fell as much as 50% and closed at $12.18 after the New York Stock Exchange halted it several times due to volatility. S&P Global downgraded First Republic deeper into junk status on Sunday and said the recent cash infusion from 11 large U.S. banks last week may not solve its liquidity problems. A First Republic Bank branch is pictured in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. First Republic Bank's stock market collapseFirst Republic's stock market value has collapsed by over 80% in the past 10 trading sessions due to fears of a bank run as a large proportion of the lender's deposits are uninsured.
March 20 (Reuters) - Shares of First Republic Bank (FRC.N) extended a recent slump on Monday with a 15% drop, after a report the regional bank could raise more money fanned worries about its liquidity despite a $30 billion rescue last week. On Sunday, Reuters reported that the lender was still trying to put together a capital raise but that no deal was imminent. Short sellers in First Republic made about $560 million profit on paper since last Monday, analytics firm Ortex said. The S&P 1500 regional banks index (.SPCOMBNKS) added nearly 3.4%, while S&P 500 banks (.SPXBK) gained 2.3%. A U.S. official told Reuters on Sunday that the deposit outflows that left many regional banks reeling in the wake of Silicon Valley Bank's failure had slowed and in some cases reversed.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOrton: The higher duration, lower parts of the market still have room to come downRaymond James Investment Management's Matt Orton gives his thoughts on the markets and the Fed.
ORLANDO, Fla., Feb 16 (Reuters) - The notion that higher interest rates would slam stocks has been turned on its head by Wall Street's resilience to the most dramatic upward repricing of the U.S. rate outlook in decades. More remarkable still, it is the areas most sensitive to higher borrowing costs - tech, the Nasdaq and growth stocks - that are outperforming in the face of soaring bond yields, implied rates and Fed expectations. These sectors are more sensitive to rising yields because future cash flows and profits are discounted at higher rates. "Higher interest rates are less bad for stock prices, even though rates can continue to weigh on multiples." In a higher rate regime, profitability matters.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOrton: Maintain a core defensive bias with higher quality, dividend-paying companiesMatt Orton, Chief Market Strategist at Raymond James Asset Management, joins Worldwide Exchange to give his take on investing in the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOrton: The market has been preoccupied with a Fed pivot, but the terminal rate hasn't changedMatt Orton of Raymond James Investment Management discusses what a potential downshift from the Fed to a 50 basis point hike really means, and where investors should target for opportunities right now.
A series of hot-button lawsuits have linked all those unlikely creators and platforms in litigation that goes as high as the US Supreme Court. The litigation deals with issues of intellectual property, copyright infringement and fair use in a rapidly changing new-media landscape. She won, but not much: $3,750, because the court ruled that, though her copyright had been violated, her tattoos didn’t impact game profits. It was a huge hit on TikTok, in part because the duo invited feedback and participation, making it a crowd-sourced artwork. But when the creators took their show on the road and sold tickets, Netflix sued.
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