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☆ These stocks were analysts' top picks for 2024. How they are doing nearly 3 months in
▼ + stars: | 2024-02-27 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Now, we're tracking how well the analysts' picks have performed just three months into the new year. About 93% of analysts surveyed by LSEG hold a buy rating on Nvidia and have an average price target of $832.52. Warner Bros. Shares of Warner Bros. are down nearly 25% in the new year, and have lost about 45% over the past 12 months. Further, Warner Bros. did not give free cash flow guidance for 2024.

Persons: drugmaker Viatris, David Einhorn, Einhorn, Max Organizations: Dow Jones Industrial, CNBC, Nvidia, drugmaker, Pfizer, Warner Bros, APA Corp, Halliburton, Caesars Entertainment Locations: LSEG

☆ Flaco’s Crash Might Have Been More Than Bad Luck. Here’s Why.
▼ + stars: | 2024-02-24 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

Flaco spent a year defying expectations, an owl born into captivity who quickly learned to hunt and fend for himself in the wilds of New York City. Did he hit a window that he failed to perceive as glass, like hundreds of millions of birds across the United States each year? Or was he compromised in some way that impeded his ability to navigate New York’s concrete canyons? His initial examination, performed Friday by the Wild Bird Fund, a rescue group, showed a contusion on his chest and an impact to his right eye. He may have been dead by the time he hit the ground, said Rita McMahon, the group’s director.

Persons: Flaco, Rita McMahon, Ms, McMahon Organizations: Wildlife Conservation Society, Bird Fund Locations: New York City, Central, United States

☆ Goldman says these types of dividend stocks are the best to own in wake of big Meta payout news
▼ + stars: | 2024-02-12 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

For investors, that suggests opportunity in certain dividend stocks, Kostin wrote. Since late 2022, Goldman Sachs' Dividend Yield and Growth basket (GSTHDIVG), a 50-stock, equal-weighted basket of stocks with high trailing dividend yield and high anticipated dividend growth, has outperformed the equal-weighted S & P 500 by 3 percentage points. As of October, here are some of the stocks in the firm's dividend yield and growth basket. Verizon Communications Communication services stock Verizon Communications is a constituent in the dividend growth basket. Other stocks in Goldman's dividend growth basket include Best Buy , Conagra Brands and Devon Energy .

Persons: Goldman Sachs, David J, Meta, Kostin, That's, Greenlight Capital's David Einhorn, Morgan Stanley, Simon Flannery, — CNBC's Michael Bloom Organizations: Facebook, Bank of America, Federal Reserve, Verizon Communications Communication, Verizon Communications, Verizon, Conagra Brands, Devon Energy Locations: Viatris

☆ Monarch Butterfly Numbers Are Down Sharply at Wintering Areas in Mexico
▼ + stars: | 2024-02-07 | by ( Catrin Einhorn | More About Catrin Einhorn | ) www.nytimes.com time to read: +1 min

The number of monarch butterflies at their overwintering areas in Mexico dropped precipitously this year to the second-lowest level on record, according to an annual survey. The census, considered a benchmark of the species’s health, found that the butterflies occupied only about 2.2 acres of forest in central Mexico, down 59 percent from the prior year. Only the winter of 2013-14 had fewer butterflies. Scientists said the decline appeared to be driven by hot, dry conditions in the United States and Canada that reduced the quality of available milkweed, the only plants monarch caterpillars can eat, as well as the availability of nectar from many kinds of flowers, which they feed on as butterflies. “It’s telling us that we need to intensify conservation and restoration measures,” said Jorge Rickards, the general director of World Wildlife Fund in Mexico, which conducted the survey with the National Commission of Protected Natural Areas and other partners.

Persons: “, ”, Jorge Rickards Organizations: World Wildlife Fund, National Commission Locations: Mexico, United States, Canada

☆ How 4 'disgusting' short bets changed David Einhorn's hedge fund's year from 'great' to just 'very good'
▼ + stars: | 2024-01-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. In a letter to investors seen by Business Insider, he said his short bets against companies he believed were overvalued went haywire. Einhorn did not name the four short positions in the letter that helped drag the entire short book down 25.6% last year but called the performance "disgusting." The short positions were not new ones. The firm declined to identify the four positions when asked by Business Insider or offer any additional comment on the letter.

Persons: David Einhorn's, Einhorn, ruing, overvalued, Elon Musk's Tesla, Tesla Organizations: Greenlight Capital, Business, Industry

☆ Greenlight’s David Einhorn ends his buyers' strike, finds a few 'promising' new stocks
▼ + stars: | 2024-01-22 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

"We ended our buyers' strike and found several promising new investments that we believe will help us in 2024," the hedge fund manager said in an investor letter dated Monday and obtained by CNBC. Einhorn had stopped building new stock positions at one point in the fourth quarter due to worries about intensifying geopolitical risks. Because of his conservative positioning, his hedge fund, particularly the short side, was hurt during 2023's strong year-end rally. Einhorn's hedge fund returned 22.1% in 2023, net of fees and expenses. His stellar track record made him one of the most followed hedge fund managers on Wall Street.

Persons: Capital's David Einhorn, Einhorn, he's, Greenlight, drugmaker, He's, CNBC's Leslie Picker Organizations: CNBC, Cornell grad, Greenlight Capital, Wall, Pfizer, Syensqo, U.S . Aerospace & Defense, Invesco Aerospace & Defense, P Aerospace & Defense Locations: Belgian, U.S

☆ 10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will be no different
▼ + stars: | 2024-01-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTMary Barra, CEO of General Motors, at the New York Stock Exchange, Nov. 17, 2022. GM's EV sales last year totaled 75,883 units, or 2.9% of the company's overall sales. However, a vast majority of GM's EV sales were from its now-discontinued Chevrolet Bolt models. Mary Barra, GM chair and CEO, speaks during the unveiling of the Cadillac Celestiq electric sedan in Los Angeles, Oct. 17, 2022. General Motors CEO Mary Barra testifies during a House Energy and Commerce Committee hearing on Capitol Hill in Washington, April 1, 2014.

Persons: Mary Barra, Mary Barra's, Barra, She's, Tesla, Michelle Krebs, Warren Buffett's Berkshire, EVs hasn't, Frederic J, Brown, there's, Cruise, Cruise's, Jeff Kowalsky, Darryll Harrison Jr, Mary, Barra's, Dan Akerson, Dan Ammann, Mark Reuss, Steve Fecht, Stephanie Brinley, they've, Lyft, David Einhorn's, Einhorn Organizations: General Motors, New York Stock Exchange, NYSE DETROIT, Detroit, GM, Wall, U.S, EV, Cox Automotive, Warren Buffett's Berkshire Hathaway, —, Hyundai, Kia, Bolt, EVs, Cadillac, AFP, Getty, Honda Motor, Automotive Press Association, Bloomberg, Cruise, CNBC, GM Renaissance Center Global Headquarters, P Global Mobility, Apple, Google, Energy, Commerce, Capitol Locations: Los Angeles, North America, Barra, San Francisco, Detroit, Washington

☆ Schaeffler’s token bump sets up bigger battle
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Staff Acquire Licensing RightsLONDON, Nov 27 (Reuters Breakingviews) - Schaeffler’s (SHA_p.DE) token bump for Vitesco Technologies (VTSCn.DE) may not ensure a smooth ride. The 3.4 billion euro German industrial group raised its tender price for shares in auto parts group Vitesco by 3% to 94 euros. On that basis the 94 euros tender price is only a 7% premium above fair value. Assuming enough shareholders now tender, the final merger price for any remaining shares will be set by a third-party valuer. Yet Vitesco’s board, backed by three banks including JPMorgan (JPM.N) and Lazard (LAZ.N), have now published fairness opinions saying the company is worth more than 94 euros.

Persons: Thomas Stierle, David Einhorn’s, Neil Unmack, Warren Buffett, George Hay, Streisand Neto Organizations: REUTERS, Staff, Reuters, Vitesco Technologies, JPMorgan, Lazard, X, Thomson Locations: Frankfurt, Germany, China, Rome

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 10 experts say it's going to happen.
▼ + stars: | 2023-11-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are 10 projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. FebruaryIn August, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: —, Preston Caldwell, Arend Kapteyn, Bhanu Baweja, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, we'll, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Morningstar, UBS, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: North America's

The stockpile continues to grow, the reports say, even though Iran has consistently denied wanting nuclear arms. "The political debate is really not going to be about negotiating with Iran, it's going to be about confronting Iran," he said. This week's IAEA reports showed Iran was making steady nuclear progress and indicated that Tehran continued to stonewall the agency in monitoring its work. Two diplomats said all that could be done in coming months was to support IAEA chief Rafael Grossi's efforts to strengthen oversight of Iran's nuclear programme. "It's way too early to say whether Iran will become a nuclear state or whether it will stay a threshold state like now," one diplomat said.

Persons: Leonhard Foeger, Biden, Trump, Donald Trump, Joe Biden, Israel, Robert Einhorn, Rafael Grossi's, John Irish, Francois Murphy, Arshad Mohammed, Edmund Blair Organizations: International Atomic Energy Agency, IAEA, REUTERS, Trump PARIS, Reuters, U.S, Hamas, Pentagon, U.S . State Department, IAEA Washington, Governors, Thomson Locations: Vienna, Austria, stoke, WASHINGTON, VIENNA, United States, Tehran, Gaza, Iran, European, Washington, Iraq, Syria, U.S, IRAN, IAEA, stonewall, Paris

☆ David Einhorn, who is trouncing the market this year, bought a small cap crude oil play
▼ + stars: | 2023-11-15 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

David Einhorn's Greenlight Capital made several bets in energy and health care during the third quarter, according to a new securities filing. That position was worth $65.2 million. Greenlight also bought up shares in biotech names Gain Therapeutics and Coya Therapeutics , increasing those stakes by 7.7% and 19.2%, respectively. The fund's largest position, homebuilding stock Green Brick Partners , was worth more than $512 million as of the end of September. Greenlight has soared past the broader market this year, returning 12.9% in the third quarter to bring its 2023 gains to more than 27%.

Persons: David Einhorn's, Einhorn, Russia's, Greenlight Organizations: Holdings, Securities, Exchange, Southwestern Energy, Consol Energy, Therapeutics, Coya Therapeutics, Green Brick Partners, Kyndryl Holdings Locations: Israel, Ukraine, U.S

☆ How Much Can Trees Fight Climate Change? Massively, but Not Alone, Study Finds.
▼ + stars: | 2023-11-13 | by ( Catrin Einhorn | More About Catrin Einhorn | ) www.nytimes.com time to read: +1 min

As the climate crisis intensifies, that ability has made them controversial: How much can we rely on trees to get us out of this mess? Dr. Crowther was the senior author of a polarizing study on forest carbon in 2019 that drew scientific backlash but also inspired an effort by the World Economic Forum to grow and conserve one trillion trees. In 2019, he acknowledged, careless language led to trees being wrongly painted as a silver bullet for climate change. “We are all terrified that this potential of nature gets misused,” Dr. Crowther said. “Nature has such spectacular potential to help us tackle global threats, but it will be devastating if major organizations use nature as an excuse to do more harm to our planet.”

Persons: Thomas Crowther, Crowther, Dr Organizations: ETH Zurich, World Locations: Switzerland

☆ Greenlight's David Einhorn — up 27% this year — is on a 'buyers' strike' and worries about geopolitics
▼ + stars: | 2023-11-08 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Einhorn's hedge fund returned 12.9% in the third quarter, bringing its 2023 gains to 27.7%. "The complacent investor view that geopolitics should be ignored might be true, except for the times when it isn't. "Higher oil prices would squeeze the consumer and likely cause a recession. His stellar track record made him one of the most followed hedge fund managers on Wall Street. Einhorn said his biggest winners in the third quarter were Consol Energy , Capri Holdings and Black Knight.

Persons: Greenlight Capital's David Einhorn, Einhorn, Russia's, he's, Black Knight Organizations: CNBC, Federal Reserve, West, Cornell grad, Greenlight Capital, Wall, Consol Energy, Capri Holdings, Black Locations: Ukraine, U.S, West Texas

Amid the chaos of climate change, humans tend to focus on humans. Now that wildlife is depleted and hemmed in, climate change has come crashing down. In 2016, scientists in Australia announced the loss of a rodent called the Bramble Caymelomys, one of the first known species driven to global extinction by climate change. Their work brings them face to face with realities that few of us see firsthand. These scientists are witnesses to an intricately connected world that we have pushed out of balance.

Locations: Australia

☆ When Is a Species Extinct? U.S. Is Close to Naming 21, but Not This Woodpecker
▼ + stars: | 2023-10-17 | by ( Catrin Einhorn | More About Catrin Einhorn | ) www.nytimes.com time to read: 1 min

Government officials said Monday that they plan to remove 21 species from the Endangered Species Act for the saddest of reasons: because they are extinct. But remaining on the list, at least for a bit longer? The ivory-billed woodpecker, a majestic bird whose continued existence has been debated by scientists and birders for decades. Fish and Wildlife Service’s delisting proposal, put forward in 2021 for 23 species, included ivory bills. Now the agency said it will continue to analyze and review available information before making a decision.

Organizations: Fish Locations: U.S

☆ This N.Y.C. Building Is in the Bird-Killing Hall of Shame. It Wants Out.
▼ + stars: | 2023-10-16 | by ( Catrin Einhorn | Andres Kudacki | ) www.nytimes.com time to read: +1 min

The dazzling views of Central Park come with a dark side. From tiny yellow warblers to large, elegantly marked woodpeckers, their journeys end at the building, Circa Central Park, when they crash into glass they can’t see. The deaths have brought outrage from bird advocates, shame on social media, disapproval from neighbors and even stronger disapproval from the residents’ own children. Circa Central Park certainly isn’t the only bird-killing building in the city, but it appears to be among the worst. Last year, the number of window strikes at Circa put it in the top three among buildings monitored by NYC Audubon.

Organizations: NYC Audubon

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
▼ + stars: | 2023-09-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: Bob Michele, J.P, —, we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's

☆ Instacart's biggest IPO twist: Tech trying to go public as a value stock
▼ + stars: | 2023-09-18 | by ( Tim Mullaney | ) www.cnbc.com time to read: +9 min

At the top of the latest IPO price range, the enterprise value would be 16x EBITDA. The right valuation for Instacart depends on where the ultimate rate of sales growth falls, Einhorn said. Including the cash on the company's balance sheet, that values Instacart at about three times EBITDA – way below DoorDash's valuation. Even that would value the company at only seven times 2025 EBITDA, and about 14 times EBITDA from the last four quarters, still a sharp discount to DoorDash. So in a twist few would have predicted in 2020 or 2021, Instacart is trying to go public as a value stock, carefully managed to wring the best results from potentially modest growth.

Persons: Instacart, –, Einhorn, Matt Einhorn, Mark Mahaney, DoorDash, Nicholas Cauley, Cauley, Covid, Nick Giovanni, Giovanni, EBITDA Organizations: Renaissance Capital, San Francisco, ISI, Walmart, Kroger, Aldi, Omicron, Gross Locations: DoorDash, EBITDA, York

A marine heat wave is warming the waters off the coast of Florida, pushing temperature readings as high as 101 Fahrenheit and endangering a critical part of sea life: the coral reef. Catrin Einhorn, who covers biodiversity, climate and the environment for The Times, discusses the urgent quest to save coral and what it might mean for the world if it disappears.

Persons: Catrin Einhorn Organizations: The Times Locations: Florida

Should Ecuador continue drilling in one of the most biodiverse corners of the Amazon or should it keep the oil underground? On Sunday, its people will decide in a binding referendum that landed on the ballot after a decade-long fight by young activists. As the world faces twin ecological crises of climate change and ecosystem collapse, the vote will determine what one country’s citizens are willing to give up to protect the planet. But oil is Ecuador’s most important export and the government is campaigning for drilling to continue. According to official estimates, the country stands to lose $1.2 billion in revenue a year if the oil is left underground.

Locations: Ecuador

☆ Elite investor David Einhorn warns stocks may falter - and cautions the Fed's inflation fight may not be over
▼ + stars: | 2023-08-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

David Einhorn expects stubborn inflation and the Fed to only cut interest rates next year. If inflation sees a resurgence and rates go higher, that could threaten the current bull market, he says. They may be celebrating too soon, hedge fund boss David Einhorn warned in his quarterly letter to investors this week. He viewed the move as bullish for stocks and likely to fuel inflation at the time. "If we were 'bearish' until March and 'neutral' through June, we would now characterizeourselves as 'worried,'" the veteran investor said.

Persons: David Einhorn, he's, ValueWalk, Einhorn, Greenlight Organizations: Fed, Service, Federal Reserve, Silicon Valley Bank, Signature Bank, Treasury Locations: Wall, Silicon

☆ David Einhorn is worried about the market, sees stickier inflation than expected
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn said he's getting concerned about the stock market after a strong rally and has added sizable downside protection to his portfolio. Between January and June, the S & P 500 popped 15.9% for its best first half since 2019. Einhorn, 54, believes inflation remains a big risk even though data has suggested easing price pressures. Recent inflation readings have shown a noted deceleration and the tailwind from higher rents is likely to dissipate, causing core inflation to fall further," Einhorn said. "Even so, we believe inflation is stickier and more entrenched than the market is currently appraising."

Persons: Greenlight Capital's David Einhorn, he's, Einhorn, Michael Burry Organizations: CNBC, Green Brick Partners, Nasdaq, Trust, NET

☆ Greenlight Capital releases new investor letter on positioning
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreenlight Capital releases new investor letter on positioningCNBC's Leslie Picker joins 'Halftime' to discuss the latest investor letter from David Einhorn's Greenlight which details the firms material losers and winners.

Persons: CNBC's Leslie Picker, David Einhorn's Greenlight

☆ See How They Held Off Flames at a Haven for Hawaii’s Endangered Birds
▼ + stars: | 2023-08-11 | by ( Catrin Einhorn | More About Catrin Einhorn | ) www.nytimes.com time to read: +1 min

“The sky was orange and there was smoke in the air, like out in the forest,” Ms. Pribble said. She went outside to see what was happening, and saw flames about 150 feet from the edge of the property. The center houses about 40 ‘akikiki, a native songbird, and about 40 ‘alalā, also known as the Hawaiian crow. The birds are divided between both places to insure against disasters such as this one. If it crossed, she thought, the grasses on the 46 acre property would provide ample fuel.

Persons: Ms, Pribble, Emily Senninger Organizations: Fire Department, San Diego Zoo Wildlife Alliance Locations: Hawaii, Maui County

When Bailey Thomasson first spotted the coral, she felt a jolt of relief. She was diving for samples off the Florida Keys, and the thicket of elkhorn coral below looked brown, not the stark white that would indicate bleaching from the record-breaking sea temperatures in the area. “The coral didn’t even have a chance to bleach, it just died,” said Ms. Thomasson, who works for the Coral Restoration Foundation, a nonprofit group based in the Keys. The brown color was not healthy coral but dead tissue sloughing off the skeleton, almost as if it had melted. Currently, about 44 percent of the global ocean is in a heat wave.

Persons: Bailey, she’d, ”, Thomasson, who’ve Organizations: Florida, Coral Restoration Foundation, National Oceanic, Atmospheric Administration Locations: elkhorn

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