DIRS.INFO The most relevant business & tech news

☆ Morgan Stanley sees these names rebounding after heavy tax-loss selling at the end of 2022
▼ + stars: | 2023-01-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With a new year underway, there's an opportunity to scoop up some names that investors sold to save on taxes in 2022, according to Morgan Stanley. In fact, Morgan Stanley fielded more inquiries on tax-loss selling strategies in 2022 than in any other year, analyst Todd Castagno wrote in a note Friday. Morgan Stanley looked for those popular stocks that have derated but may be repurchased once the tax loss is realized. Plug Power has the most upside to Morgan Stanley's price target — a whopping 288%. Morgan Stanley named the solar energy company a top pick after the Inflation Reduction Act was signed into law in August.

☆ Google execs warn company's reputation could suffer if it moves too fast on AI-chat technology
▼ + stars: | 2022-12-13 | by ( Jennifer Elias | ) www.cnbc.com time to read: +7 min

Some of them are wondering where Google is in the race to create sophisticated chatbots that can answer user queries. After all, Google's prime business is web search, and the company has long touted itself as a pioneer in AI. Billions of people across the globe use Google's search engine, while ChatGPT just crossed 1 million users in early December. Taking Google 'for granted'Employees had other concerns about Google search. Industry estimates still show that Google holds at least 90% of the search market, and the company remains under scrutiny by regulators.

☆ China's super-rich like Alibaba's Jack Ma see billions of dollars wiped from their fortunes as the economy slumps
▼ + stars: | 2022-11-08 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

China's super-wealthy have seen their fortunes tumble by the most in 24 years, per the Hurun Rich List. Alibaba founder Jack Ma's net worth dropped 29% to $25.7 billion, as tech bosses took a hit. His ranking on the rich list sank four places to ninth. Overall, the number of people with a net worth of $10 billion dropped by 29 to 56, while the number of dollar billionaires fell by 239 to 946. But Hoogewerf said that despite the declines, the rich list is still 50% bigger than five years ago.

☆ These are JPMorgan's favorite stocks heading into November
▼ + stars: | 2022-11-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The firm's Analyst Focus List is a compilation of its analysts' favorite names for various investment strategies, and it gets a refresh every month. Almost all the stocks included have overweight ratings and are recommended for growth or value strategies. For November, the analysts removed a handful of stocks, including First Republic , and added just one: the cancer treatment developer BioAtla . JPMorgan included the stock for a near-term strategy and put a $23 price target on it. McDonald's , Allstate , AbbVie and Qualcomm are among the value stocks that are in the mix.

☆ Two of the most notable short sellers say this company is the aluminum siding of the 21st century
▼ + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Jim Chanos and Carson Block, two of Wall Street's biggest short sellers, fired shots at Sunrun , saying the residential solar company is not as "green" as many investors think. "This company is the aluminum siding of the 21st century for those who are old enough to know what I'm talking about," Chanos, founder of Kynikos Associates, said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. Aluminum re-sidings were prevalent in the 70s and 80s but they fell out of favor as the material was susceptible to scratches and dents. Muddy Waters Capital CIO Carson Block said he has a short position against Sunrun, taking issue with the way the company deals with tax subsidies from the government. "Muddy Waters has its 'facts' wrong.

☆ Why tech workers are quitting great jobs at companies like Google to fight climate change
▼ + stars: | 2022-07-26 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +14 min

"What bigger problem is there to solve for our generation than climate change?" Not only is climate change an existential-level threat to humanity, it is especially dangerous for the poorest communities around the world. "Eventually, it just got to the point where I couldn't justify to myself why I'm still doing something that isn't climate," Kirpichov told CNBC. "It turns out that there are just so many people who are in the same boat," Kirpichov told CNBC. We know Southeast Asia is going to get hit really hard with climate change.

Search resuls for: "RUN's"

6 mentions found