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☆ Forget the U.S: Pros say another top market looks cheap and offers the 'best' opportunities
▼ + stars: | 2023-10-09 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Attractive returns and the breadth of opportunities are among the many reasons the U.S. has long reigned supreme for investors. In terms of countries, Japan looks to offer the best combination of earnings growth, cheap valuations and policy support," Tom Stevenson, investment director at Fidelity International, told CNBC Pro. "Japanese shares are trading on around 15 times this year's expected earnings and 14 times earnings two years out," he said. "There has been some increase in this multiple during the recent rally in Japanese shares, but they remain relatively cheap compared to the U.S. which trades on around 20 times earnings." Among his choices is the Baillie Gifford Japanese Fund, which he describes as a "growth-focused fund run by an experienced manager."

Persons: Tom Stevenson, Daniel Hurley, Rowe Price, Stevenson, TRP's Hurley, Fidelity's Stevenson, Hurley, Baillie Gifford Organizations: Fidelity International, CNBC, CNBC Pro, Japan, Tokyo Exchange Group, Stock, Japan's, Bank of Japan, Sony, Astella Pharmaceuticals, Fund, Schroder Japan Trust, SoftBank, SBI Holdings, Hitachi, Nippon Gas, Toyota, Japan IMI Locations: Japan, U.S

☆ What soft landing? Stocks are acting like there's a rough road ahead
▼ + stars: | 2023-09-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

For the most part, the market has paid little attention, but this time the message seems to have hit home. Banks stocks have been weak, and even former leaders in industrials like Parker Hannifin have been down. Fewer than 50% of NYSE stocks are above their 200-day moving average. Energy stocks are up, but even they have been selling off in the last week, despite the rise of oil. "Rising interest rates have made commodities-related areas, from industrial metals to energy, interesting for the time being," Timmer noted.

Persons: Jerome Powell, Powell, Russell, Parker, Frank Gretz, Timmer, Lowry Organizations: UAW, Retail, Airlines, JETS, Transports, Banks, Nvidia, Marvell, AMD, Wellington, Commodities, Energy Locations: Banks, industrials, Taiwan, Wellington Shields, mused

☆ Delta's emergency savings initiative offers workers up to $1,000 each. Here's how it works
▼ + stars: | 2023-09-23 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

The airline will then match up to $250 of an employee's contributions made with payroll deductions to that account for a total of $1,000. When the economy stalled, Delta workers tapped roughly $1 billion in hardship withdrawals from their retirement accounts, Bryant said. "I didn't have a strategy in place on how to save money," said Loretta Day, a Delta flight attendant based in Atlanta. But it didn't take long for Day, 51, to practice better money habits once she completed a financial education class, she said. With the additional support, workers "are going to come in earlier, stay longer and go the extra mile," Bryant added.

Persons: Jeff Greenberg, John Hope Bryant, Bryant, Loretta Day, Kelley Elliott, Fidelity's Taylor, Douglas Boneparth Organizations: Delta Air Lines, Hartsfield, Jackson Atlanta International Airport, Universal, Getty, Delta, Fidelity Investments, Employees Locations: Delta, Atlanta

☆ Don't let the tax break drive your search for munis. How to find the right fit for your portfolio
▼ + stars: | 2023-09-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Income investors love municipal bonds for their tax advantages, but they may not necessarily be making the best choice for their portfolio. The interest earned on munis is generally exempt from federal income tax and, in some cases, state tax. That means a muni bond yielding 3.7% can reach over 6% on a tax-adjusted basis for those in the highest tax bracket. For instance, if muni bonds are yielding 3% and Treasurys are at 4%, the answer is 0.75. "If your tax rate is above that number, you should buy munis," Pate said.

Persons: Richard Carter, Brian Barney, Fidelity's Carter, Wesly Pate, muni, " Pate, Carter, Paul Malloy, Pate, Barney, Research's Pate Organizations: Fidelity, Management, Vanguard Locations: munis, muni, Boston

☆ Keep an eye on 'blue' bonds, a little-known income alternative tied to clean water
▼ + stars: | 2023-09-04 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

"Blue" bonds, securities focused on protecting bodies of water, are popping up with increased frequency with the help of nonprofits. Earlier this month, Denmark's renewable energy producer Ørsted said it would become the first energy company to issue blue bonds. But he said there likely won't be more options until there is wider demand for those blue bonds already available. Because of this, he recommends investors look beyond blue bonds to green bonds that have some focus on water issues. The primary investment thesis behind blue bonds, Atkinson said, is understanding the risk of ignoring the need for healthy oceans and clean water.

Persons: Kris Atkinson, Nomura, Ørsted, Fidelity's Atkinson, Atkinson, Aya Kawamoto, Morgan Stanley, Simon Waever, Waever, Green, Kawamoto, We're, Michael Bloom Organizations: The World Bank, Fidelity International, Nature Conservancy, United Nations, AXA, Inter, American Development Bank, Life Insurance, Conservancy, Treasury Locations: Seychelles, Fiji, Portugal, Europe, East, Africa, Barbados, Belize, Gabon

☆ One economist still feels a recession is looming — because corporate borrowing costs could shoot up, thanks to rising interest rates
▼ + stars: | 2023-09-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Fidelity International's Salman Ahmed is predicting a recession on the back of high interest rates, per Bloomberg. AdvertisementAdvertisementThe increased cost of borrowing due to higher interest rates means companies may not be able to invest in growth. Consumer spending also typically falls when interest rates rise. By the end of 2008, its benchmark interest rate — the Fed Funds Rate was close to 0%. The Fed has been hiking interest rates relentlessly since March 2022 to combat red-hot inflation as the pandemic receded.

Persons: Salman Ahmed, Ahmed, Fidelity's Ahmed —, —, Ahmed isn't, David Rosenberg Organizations: Fidelity, Bloomberg, Service, Federal Locations: Wall, Silicon

☆ A China fund from Fidelity is beating the crowd. How it plans to keep doing it
▼ + stars: | 2023-09-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Fidelity's China Focus Fund is setting up for another year of outperformance, after ranking first last year among China equity funds tracked by Morningstar. With minimal losses of 0.66% for the year as of Aug. 31, the China Focus Fund has held up far better than the China equity category's decline of 9.45% during that time, according to Morningstar. The China Focus Fund is a "value contrarian strategy," said Catherine Yeung, a Hong Kong-based investment director focused on equities at Fidelity International. Consumer discretionary is the largest sector within the China Focus Fund's holdings, at about one-fourth of the names. Fidelity also has a dedicated China Consumer Fund, which is down by 8.75% year-to-date, only slightly better than its peers, according to Morningstar.

Persons: outperformance, Morningstar, Catherine Yeung, Yeung, hasn't, it's Organizations: Fund, Morningstar, China Focus, China, Fidelity International, CNBC, China Focus Fund, Galaxy Entertainment, Fidelity, China Consumer Fund Locations: China, Hong Kong, expansionary, Macau

☆ Instacart just filed to go public. Mutual fund investor Fidelity bumped up its valuation of the startup by 10%.
▼ + stars: | 2023-08-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

The grocery-delivery company and other late-stage startups have seen valuation cuts during the downturn. Mutual fund investor Fidelity increased its valuation of Instacart shares by 10% from May to July. Instacart made waves last week as one of a handful of late-stage startups filing S-1s and announcing long-awaited plans to go public. That's a 10% bump up from the end of May, when Fidelity valued its shares at $40.95 each. Other late-stage startups are similarly enjoying a slight rebound in Fidelity valuations following months of brutal downgrading.

Persons: Instacart, confidentially Organizations: Nasdaq, Mutual, Fidelity, Growth Company Fund, SEC, Instacart, Reddit Locations: Instacart

☆ 44% of savers in their 20s and 30s want to retire by 60, but few are on track—see how you stack up
▼ + stars: | 2023-08-28 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Some 44% of retirement savers in their 20s and 30s say they want to retire by 60, according to a recent survey from the World Economic Forum. Some investors have multiple 401(k) accounts from multiple jobs, and others are saving in other types of accounts, such as individual retirement accounts or regular brokerage accounts. Still, there's no doubt that many younger Americans currently aren't on track to retire at the current full retirement age of 67, let alone at 60. Here's how financial pros say you can calculate whether or not you'll be able to retire when — and how — you want. Then assume a withdrawal rate — what you're going to take out every year while, hopefully, your investments continue to grow.

Persons: you've, you'd, Russell Gaiser, Christine Benz, Critics Organizations: Taco Bell, Economic, CNBC, Fidelity, Morningstar, Benz

☆ Nearly 4 in 5 US companies have posted second-quarter earnings that beat Wall Street estimates
▼ + stars: | 2023-07-25 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

As of Monday, 87 companies had reported their Q2 earnings – 78% of which beat analysts' expectations. Some of the biggest names to beat the Street this quarter are Tesla, Bank of America, and Philip Morris. The good news: 78% percent of them beat estimates, by an average 6.2%. Among the biggest names, Tesla reported a 20% earnings jump to 91 cents per share, surpassing analysts' estimate for 82. While earnings estimates have, for most companies, beaten targets, Fidelity's Timmer warns investors not to get carried away.

Persons: Philip Morris, It's, Jurrien, Jurrien Timmer, Timmer, Tesla, Goldman Sachs Organizations: Bank of America, Fidelity, Service, Microsoft, Fidelity Investments, Meta Locations: Wall, Silicon

☆ A top-1% fund manager over the past 5 years shares his strategy for finding mispriced assets to earn income with less volatility — and the 5 top places he's investing now
▼ + stars: | 2023-07-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Fidelity's Adam Kramer has overseen one of the top multi-asset income funds of the past five years. Here are five asset classes he's targeting right now in this uncertain environment. The composition of the fund is weighted toward whichever asset classes are improperly priced by the market at a given time. An equally compelling aspect of the Fidelity Multi-Asset Income Fund is its ability to protect against losses and hedge against volatility. This year, convertible bonds have rebounded dramatically and are the best-performing class within fixed income, Kramer said.

Persons: Fidelity's Adam Kramer, Kramer, Adam Kramer, Morningstar, —, Ford O'Neil, Ramona Persaud, Kramer doesn't, what's, he's Organizations: Fidelity Investments, Fidelity, Fund, Microsoft, Apple

☆ Why traditional active managers are joining the ETF space
▼ + stars: | 2023-07-24 | 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 EmailWhy traditional active managers are joining the ETF spaceGreg Friedman, head of ETF management and strategy at Fidelity Investments, joins 'Halftime Report' to discuss a spike in ETF flows going to active management, Fidelity's decision to convert mutual funds to active management, and a growing number of applications for Bitcoin ETFs.

Persons: Greg Friedman Organizations: Fidelity Investments

About Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is an Ally Financial-affiliated automated account offering investing without fees for US residents. Ally Invest Robo Portfolios FeesAlly Invest Robo Portfolios doesn't charge trading fees, advisory fees, annual fees, or rebalancing. Methodology: How We Reviewed Ally Invest Robo PortfoliosAlly Invest Robo Portfolios is a robo-advisor that was reviewed using Personal Finance Insider's rating methodology for investing platforms. How Ally Invest Robo Portfolio ComparesAlly Invest Robo Portfolios vs. Fidelity GoIf you're a hands-off investor in search of automated portfolio management, Ally Invest Robo Portfolios and Fidelity Go are both popular robo-advisors. Ally Invest Robo Portfolios vs. Schwab Intelligent PortfoliosAlly Invest Robo Portfolios and Charles Schwab's most basic automated account, Charles Schwab Intelligent Portfolios, both offer competitive automated investing services.

Persons: Ally, Ally Invest's, Ally Invest, it's, It's, you'll, Roth, Charles Schwab, Schwab, Charles Schwab's, brokerages, Rickie Houston, Rickie, He's, Read, Elias Shaya, Elias, Tessa Campbell Organizations: Reading Chevron, Financial, Ally Invest, Better, Bureau, BBB, Financial Inc, Invest, IRS, Roth IRA, Investment, Vanguard, Fidelity, Finance, Schwab, Business, Boston Globe, Yahoo News, Boston University, Boston University News Service, CUNY College of, New York Presbyterian Hospital Locations: New York City, CUNY College of Staten Island, Lebanon

☆ Stocks that were leading on the way up are leading the way down, says Fidelity's Jurrien Timmer
▼ + stars: | 2023-07-03 | 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 EmailStocks that were leading on the way up are leading the way down, says Fidelity's Jurrien TimmerJurrien Timmer, Fidelity Investments director of global macro, joins 'Squawk on the Street' to discuss earnings expectations for the remainder of the year, market sentiment supportive of further gains, and the unusual market recovery.

Persons: Fidelity's Organizations: Fidelity Investments

☆ Watch CNBC's full interview with Fidelity's Jurrien Timmer
▼ + stars: | 2023-07-03 | 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 EmailWatch CNBC's full interview with Fidelity's Jurrien TimmerJurrien Timmer, Fidelity Investments director of global macro, joins 'Squawk on the Street' to discuss earnings expectations for the remainder of the year, market sentiment supportive of further gains, and the unusual market recovery.

Persons: Fidelity's Organizations: Fidelity Investments

☆ Fidelity joins the rush for a bitcoin ETF, following BlackRock, Ark Invest and others
▼ + stars: | 2023-06-29 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Asset management giant Fidelity Investments is again trying to launch a spot bitcoin exchange-traded fund, according to a Thursday filing. The move comes two weeks after BlackRock filed for a spot bitcoin ETF, which has long been opposed by the U.S. Securities and Exchange Commission. Cathie Wood's Ark Invest filed for changes to its proposed bitcoin fund Wednesday that brought it closer in line with BlackRock's application. One of the SEC's key concerns about a spot bitcoin product is transparency in the market and the potential for manipulation. The digital currency was trading near $30,500 Thursday afternoon, up from below $26,000 prior to the BlackRock filing.

Persons: Fidelity's Organizations: Fidelity Investments, BlackRock, U.S . Securities, Exchange Commission, Invest, Bitcoin, SEC Locations: BlackRock

☆ Fidelity's Jurrien Timmer: The market has gotten impatient
▼ + stars: | 2023-06-22 | 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 EmailFidelity's Jurrien Timmer: The market has gotten impatientJurrien Timmer, Fidelity Investments director of global macro, joins 'The Exchange' to discuss a weakening macro backdrop, the market effort to declare a bullish direction, and the duration of the current trading range.

Persons: Jurrien Timmer Organizations: Fidelity Investments

☆ Fidelity's Jurrien Timmer: Here are the three things we need for a bull market
▼ + stars: | 2023-06-09 | 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 EmailFidelity's Jurrien Timmer: Here are the three things we need for a bull marketJurrien Timmer, Fidelity Investments director of global macro, joins 'Squawk on the Street' to discuss what Timmer would need to see to confirm the equity markets have hit lows and more.

Organizations: Fidelity Investments

☆ As Reddit battles OpenAI and sees its pre-IPO valuation fall, I can't help quoting Taylor Swift: Karma's gonna track you down
▼ + stars: | 2023-06-05 | by ( Julie Bort | ) www.businessinsider.com time to read: +5 min

Fidelity marked down the value of Reddit shares, a developer revealed details about new fees. Insider previously reported that Fidelity's Growth Company Fund had already marked down its Reddit stock in January disclosures. OpenAI disclosed in research that Reddit was among its massive number of sources used to train the underlying AI models. I asked ChatGPT if it is going to pay for Reddit dataI asked ChatGPT if it is going to pay for Reddit data. With its new battle against OpenAI, it's clear that Reddit feels similarly about misuse of online content.

Persons: Reddit's, Reddit, didn't, Harold Klaje, OpenAI, hasn't, Steve Huffman, Christian Selig, He's, We've, Taylor Swift Organizations: Fidelity, Techcrunch, Growth, Fund, Bloomberg

☆ Investing in AI: how to avoid the hype
▼ + stars: | 2023-05-26 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

SummarySummary Companies AI boom brings fresh challenge for investorsAI-themed stocks highly valuedStick with big tech not AI stocks - investorsLONDON, May 26(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space. Investors are chasing exposure to generative AI, the technology run by ChatGPT that learns from analysing vast datasets to generate text, images and computer code. Businesses are trying to use generative AI to speed up video editing, recruitment and even legal work. GAM's Hawtin said he has also hunted out companies that provide the "picks and shovels," necessary for enabling new AI technology. Amazon's Bedrock service, for example, lets companies customise generative AI models rather than invest in developing them themselves.

☆ CEO who manages $1.5 billion in assets shares her No. 1 investment tip for women: ‘Just do it’
▼ + stars: | 2023-05-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Sallie Krawcheck's biggest piece of advice for women investors is simple: Invest some money. After Wall Street CEO and CFO jobs at places like Citibank and Smith Barney, Krawcheck co-founded Ellevest, a digital investment and wealth management platform, in 2014. One in 10 women say they don't fully understand investing, and only about 28% feel confident investing, the BNY Mellon report noted. "Women will not invest if they don't understand, [but] men will invest anyway." That trend is good news for a platform like Ellevest, which has raised $144 million in funding since launching and manages more than $1.5 billion in assets from women investors.

☆ The best checking accounts for getting cash abroad in 2023
▼ + stars: | 2023-05-03 | by ( Liz Hund | ) edition.cnn.com time to read: +9 min

Many of the most popular checking accounts charge foreign transaction and ATM fees, which can add up quickly. Best checking accounts for traveling abroad in 2023Charles Schwab High Yield Investor Checking Account: Best overall for travelers with no foreign transaction fees and reimbursed ATM surcharges. Schwab Bank Investor Checking Account: Best overall for travelersSchwab has one of the best checking accounts for international travelers. This makes the Schwab Bank Investor Checking Account our top checking account pick for most travelers. This is significantly higher than the industry average, and is one of the best checking account APY’s we’ve seen.

☆ Legendary investor Peter Lynch kicks himself for missing Apple when even tech skeptic Warren Buffett bought the stock years ago
▼ + stars: | 2023-04-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Peter Lynch regrets not investing in Apple when even tech-skeptic Warren Buffett saw its potential. Buffett's company counts its $150 billion Apple stake as the top holding in its stock portfolio. "He bought Apple," Lynch said about Buffett, the 92-year-old investor who runs Berkshire Hathaway. It also counts Apple as easily the most-valuable holding in its $300 billion stock portfolio. Along with Apple, Lynch said he regretted not taking a closer look at Nvidia.

First Republic reported a more than $100 billion plunge in deposits in the quarter in the aftermath of the biggest turmoil to hit the banking sector since 2008. Regional bank PacWest Bancorp (PACW.O) fell 9%, Western Alliance Bancorporation (WAL.N) 6%, Zions Bancorp (ZION.O) 5% and brokerage Charles Schwab Corp (SCHW.N) was down 4%. First Republic said on Monday it was "pursuing strategic options" to quickly strengthen the bank, without providing details. Options include an asset sale of up to $100 billion, a source familiar with the situation said on Tuesday. "So it's tough to even describe it as good asset and bad asset," Chiaverini said.

☆ Peter Lynch says his investing strategy still works today, but you have to do your homework
▼ + stars: | 2023-04-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Legendary fund manager Peter Lynch says many investors buying individual stocks today are getting it wrong. His investment strategy has long been to buy what you know — and look for companies poised to grow. He said he still believes that approach works, but investors must do their homework. Lynch, 79, managed Fidelity's Magellan Fund from 1977 to 1990 and is now vice chairman, Fidelity Management & Research. During his time at Magellan Fund, the fund saw annualized return of 29.2% and its assets under management jumped from $20 million to $14 billion.

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