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☆ The growth fund that dodged the worst of the 2022 bear market by leaning on fundamentals
▼ + stars: | 2023-04-23 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

The firm's $1.7 billion Large Cap Growth Fund , with some of the biggest technology names among its top holdings, lost 24.3% in 2022. 'Rigor and process' Kantor and Regenbaum have spent years managing the fund by taking a magnifying glass to the inner plumbing of some of the biggest growth stocks. Indeed, Morningstar says the fund's portfolio has a lower price-to-book-value than other large cap growth funds or Morningstar's benchmark index for the group, and faster book value growth. There were "crazy growth companies that went to the moon," Kantor said, "and then unfortunately at some point had to return to Earth." Investors are at an important moment given the Federal Reserve's campaign to rein in inflation by hiking interest rates, and the interest-rate sensitive nature of growth stocks.

☆ 'The equity market is poised to struggle in the weeks and months ahead': Comerica Bank's CIO says the S&P 500 is primed for a 15% drop as weak earnings, high valuations, and a hawkish Fed all work aga
▼ + stars: | 2023-04-22 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Year-to-date, the S&P 500 is up 8%. Plus, when the Consumer Price Index is between 4-6% like it is now, it usually dictates that the S&P 500 trades at a lower multiple than it is. "For example, at the current S&P 500 P/E of 19, the earnings yield for stocks is 1 divided by 19, or ~5.2%. While he sees 15% downside in the months ahead, he also believes the S&P 500 will return to current levels by the end of 2023. Morgan StanleyWilson has also repeatedly warned of an earnings recession ahead, and recently said that the pullback in lending from banks strengthens his case.

☆ A Fidelity fund manager who's beaten 93% of competitors in the past 5 years shares his strategy for delivering upside while avoiding painful selloffs — and explains how he finds 'mispriced growth' sto
▼ + stars: | 2023-04-16 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The Fidelity Puritan Fund has dominated in the past five years under Dan Kelley. Here's how the portfolio manager finds underpriced growth stocks that are still high quality. Meanwhile, about half of the fund's bonds are US Treasuries, and just 11.5% are high-yield. How to find mispriced growth in marketsWhen looking for stocks, Kelley said his focus is on finding "mispriced growth" companies, which is similar to what many fund managers call "growth at a reasonable price," or GARP. That's the same mindset that's kept the Fidelity Puritan Fund going for nearly eight decades.

☆ High-quality dividend stocks are the 'place to be' amid headwinds: ClearBridge Investment's Clarfeld
▼ + stars: | 2023-04-12 | 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 EmailHigh-quality dividend stocks are the 'place to be' amid headwinds: ClearBridge Investment's ClarfeldMichael Clarfeld, ClearBridge Investments portfolio manager, joins 'Power Lunch' to discuss the dividend companies Clarfeld favors, how much longer high or rising interest rates will be here and more.

☆ Watch CNBC's full interview with ClearBridge Investment's Michael Clarfeld
▼ + stars: | 2023-04-12 | 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 ClearBridge Investment's Michael ClarfeldMichael Clarfeld, ClearBridge Investments portfolio manager, joins 'Power Lunch' to discuss the dividend companies Clarfeld favors, how much longer high or rising interest rates will be here and more.

☆ There isn't much room for multiple expansion at current levels: Putnam Investment's Cavanaugh
▼ + stars: | 2023-04-05 | 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 EmailThere isn't much room for multiple expansion at current levels: Putnam Investment's CavanaughJacquelyne Cavanaugh, Putnam Investments portfolio manager, joins 'Squawk Box' to discuss where earnings estimates are, if the Fed can be successful in what it's trying to do and more.

☆ Saudi National Bank appoints Al Ghamdi as chairman
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

DUBAI, March 27 (Reuters) - Saudi National Bank Chief Executive Saeed Mohammed Al Ghamdi has been appointed as the bank's chairman after the resignation of Abdul Wahed Al Khudairy for personal reasons, it said on Monday. The bank's board also appointed Talal Ahmed Al Khereiji as acting CEO, with all changes effective March 27. The changes come nearly two weeks after Al Khudairy told Reuters the kingdom's biggest bank by assets would not buy more shares in Credit Suisse (CSGN.S) on regulatory grounds, which sent the Swiss bank's shares to record lows. Saudi National Bank, which acquired almost 9.9% of Credit Suisse for 5.5 billion riyals ($1.46 billion) last November, was sitting on a loss of about 80% on its investment last week in the wake of a forced takeover of the Swiss bank by its domestic rival UBS (UBSG.S) for $3.2 billion. Reporting by Hadeel Al Sayegh Editing by Sherry Jacob-Phillips and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Biden issues his first veto, nixing measure blocking new investment rule
▼ + stars: | 2023-03-20 | by ( Zoë Richards | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden speaks during the annual Friends of Ireland luncheon in honor of Ireland's Prime Minister (Taoiseach) Leo Varadkar at the U.S. Capitol in Washington, U.S., March 17, 2023. President Joe Biden on Monday issued his first veto since taking office, rejecting a bipartisan measure that would nullify a new administration rule for retirement plans. In the Senate vote, Democratic Sens. Rep. Andy Barr, R-Ky., introduced the measure in February, about two months after the Labor Department issued the investment rule. Following the Senate vote, Barr tweeted: "President Biden should abandon the radical climate activists and join us in putting middle-class savers ahead of politics."

☆ This week triggered a capitulation of investor consensus, says Virtus Investment's Joe Terranova
▼ + stars: | 2023-03-16 | 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 EmailThis week triggered a capitulation of investor consensus, says Virtus Investment's Joe TerranovaVirtus Investment Partners' Joe Terranova and SoFi's Liz Young join 'Closing Bell' to discuss the mega cap backstop, the need to pause Fed rate hikes and fragilities in the banking sector.

☆ Bolloré Jr. readies Vivendi for asset purge
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

But the markdown gives Yannick more latitude to end his father’s ill-fated Italian foray while continuing to play hardball to raise the price tag. Here again, the move will give Bolloré junior more freedom to consider offers from potential buyers, which the European Commission will have to approve. At 70, the elder Bolloré, who remains in charge of the family holding that owns a 30% stake in Vivendi, is gradually implementing his succession plan. At 9.8 euros, Vivendi’s stock fails to capture the value of its various investments and trades below an analysts’ target of between 12 to 15 euros. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Half of Sequoia Capital's VC funds since 2018 have posted losses for the University of California's endowment
▼ + stars: | 2023-03-08 | by ( Ben Bergman | Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

The University of California endowment has invested over $800 million in Sequoia funds since 2018. The returns show ten Sequoia funds across all stages and geographies are now underwater for the investor. The University of California's massive $28 billion endowment, a limited partner in 20 Sequoia Capital funds since 2018, is underwater on half those investments, according to documents obtained by Insider. Meanwhile ten of the Sequoia funds that UC Investments has invested in have been marked down in value on paper. One of UC Investment's largest commitments to Sequoia is $232 million earmarked for the 2022 Sequoia Capital Fund.

Bitcoin futures ETFs track bitcoin futures contracts, or agreements to purchase or sell bitcoin at a certain price on a specified date. A spot bitcoin ETF would track bitcoin's underlying market price. Proponents say a spot bitcoin ETF would give investors exposure to bitcoin without directly buying it. He told Reuters in January that Grayscale would appeal the case if the court backed the SEC's decision to reject its bitcoin ETF proposal. Grayscale Bitcoin Trust, launched in 2013, has $14 billion in assets under management, according to Grayscale’s website.

☆ People will still want to travel in the long term: CapitaLand Investment's lodging division
▼ + stars: | 2023-03-06 | 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 EmailPeople will still want to travel in the long term: CapitaLand Investment's lodging divisionBeh Siew Kim, chief financial and sustainability officer of the real estate investment management company, discusses the outlook for the hospitality business and the changing habits of corporate travelers

☆ Here's how much Americans have in their retirement accounts — and what it means for you
▼ + stars: | 2023-03-03 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +8 min

Fidelity Investment's latest analysis of its retirement accounts reveals Americans have, on average, six-figure balances in their IRA and 401(k) retirement accounts. As of the fourth quarter of 2022, the average balances in an IRA, 401(k) and 403(b) were (respectively) $104,000, $103,900 and $92,683. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. Wealthfront Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

SINGAPORE, Feb 24 (Reuters) - U.S streaming giant Netflix Inc (NFLX.O) is making preparations to open an office in Vietnam after years of negotiations with authorities and completing a risk assessment, two sources with knowledge of the matter said. Netflix declined to comment in response to Reuters questions about its plans and its current operations in Vietnam. The office could open as early as late 2023 but will require a lengthy regulatory process that could take longer, according to one of the sources. As Vietnamese officials grow more confident in the country's rising consumer power, however, they have begun ramping up pressure on tech firms to abide by the rules. With the fastest growing middle class in Southeast Asia, Vietnam has become a key market for tech giants.

☆ A night with Wall Street's stars: Take a look at Insider's celebration of top investors, dealmakers, and traders
▼ + stars: | 2023-02-01 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +4 min

Hello 10 Things on Wall Street readers! As you might know, for the last few years Insider has been highlighting some of the most talented young people on Wall Street. Take a look at all the photos from Insider's celebration of Wall Street's rising stars here. A decade after the private-equity giant helped launch Athene Holdings, more private money managers are moving into insurance as they hunt for higher yields, the Wall Street Journal reports. Adam Berry, head of US loan trading is leaving Wall Street to join the Philadelphia Eagles, according to Bloomberg.

FRANKFURT, Jan 31 (Reuters) - A top-10 shareholder of Bayer (BAYGn.DE) on Tuesday called on the group's supervisory board head to replace chief executive Werner Baumann quickly, adding to investor pressure to restore trust and revive the German drugmaker's sagging share price. But shareholders have also cited a lack of market trust in its top management as a growing burden. "When it comes to CEO succession we say: the sooner the better," Markus Manns, a portfolio manager at Union Investment, one of Bayer's 10 biggest shareholders, told Reuters. Union Investment's Manns cautioned that the non-executive supervisory board may need time to find a qualified candidate. A Bayer spokesperson said the company was always open to a constructive dialogue with shareholders and declined to comment further.

United and Liverpool are the two most successful teams in English football but have won only one league title each in the past decade. "You get a lot of money from the Premier League, from broadcasting and sponsorship, but you also have to put a lot of money in to keep your team." "The failure of the proposal and the failure of Premier League clubs to gain greater power in the running of the league are likely influencing factors," said Spencer Harris, Associate Professor of Sport Management at the University of Colorado. "The current owners (of Liverpool and United) don't have the finances to compete and invest on the level of these other clubs." "(There is a) general realisation that English Premier League teams, the two biggest ones per se, are relatively uncapitalized versus NFL franchises, which have been a barometer for a longer period of time."

☆ Bayer investor criticizes company chair for lack of initiative
▼ + stars: | 2023-01-22 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Jan 22 (Reuters) - The Bayer (BAYGn.DE) investor Union Investment criticized Bayer's chair for a lack of engagement, such as exploring a spin-off of the company's consumer health division, according to an interview in WirtschaftsWoche. Bayer is facing demands from activist investor Bluebell Capital Partners to break up, with a sale of the company's consumer health unit and, at a later stage, for a separation of Bayer's pharmaceuticals and agriculture businesses. Bayer Chair Norbert Winkeljohann "does seek dialogue with investors, but he should have initiated more," Markus Manns, portfolio manager at Union Investment, told WirtschaftsWoche. "It would definitely have been a matter for the supervisory board to help initiate a spin-off of Consumer Health," Manns added. "But generally speaking we are always open to a constructive dialogue with our stakeholders," the spokesperson said.

☆ 2 brothers quit their Wall Street jobs to build ETFs that help everyday investors reach their money goals. They explain how a Ray Dalio-inspired strategy helped their funds outperform the S&P 500 in 2
▼ + stars: | 2023-01-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Brothers Taylor and Brett Sohns have worked on Wall Street for most of their careers. These parameters can be found in what's called the "prospectus," which is a document that outlines the ETF's investment strategy and potential risk. Consider the process of buying cereal, explained Taylor: "Say you want Lucky Charms. The S&P 500 is down about 18% year-to-date, so we're outperforming that by about 5%," explained Taylor. While you may not do exceptionally well, you'll also never do exceptionally bad, explained Taylor: "In a rip-roaring up market, his product and our product will underperform.

☆ Watch CNBC's full interview with Advisors Capital's JoAnne Feeney and Horizon Investment's Zachary Hill
▼ + stars: | 2023-01-05 | 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 Advisors Capital's JoAnne Feeney and Horizon Investment's Zachary HillJoAnne Feeney, Advisors Capital Management partner and portfolio manager, and Zachary Hill, Horizon Investments head of portfolio management, join 'Squawk Box' to discuss how equities look this year to Feeney, when there will be a good time to buy stocks investors like and more.

The dismal profit estimate by the world's largest memory chip, smartphone and TV maker - a bellwether for global consumer demand - sets a weak tone for other technology firms' quarterly results. Samsung's profits are expected to shrink again in the current quarter, analysts said, after the South Korean company announced its October-December operating profit likely fell 69% to 4.3 trillion won ($3.37 billion) from 13.87 trillion won a year earlier. It was Samsung's smallest quarterly profit since the third quarter of 2014 and fell short of a 5.9 trillion won Refinitiv SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate. Quarterly revenue likely fell 9% from the same period a year earlier to 70 trillion won, Samsung said in a short preliminary earnings statement. Shares of rival memory chip maker SK Hynix (000660.KS) rose 2.1%.

☆ Expect the Santa Claus rally to last into January: Essex Investment's Nancy Prial
▼ + stars: | 2022-12-21 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect the Santa Claus rally to last into January: Essex Investment's Nancy PrialNancy Prial of Essex Investment Management on what's next for the market. With CNBC's Frank Holland and the Fast Money traders, Dan Nathan, Guy Adami, Karen Finerman and Tim Seymour.

☆ Bankers not expecting quick recovery as IPO volumes plunge to lowest level since 2008
▼ + stars: | 2022-12-20 | by ( Pablo Mayo Cerqueiro | Echo Wang | ) www.reuters.com time to read: +5 min

With questions swirling around monetary policy and the prospect of a looming recession, IPO advisers are not holding their breath on a near-term recovery in the equity capital markets. Global share sales plunged this year as the IPO market froze and hundreds of companies postponed stock market debuts, as Russia's invasion of Ukraine and interest rate hikes from central banks weighed on the broader economy. “It’s all about rates - the price of money changed and it has affected everything," said James Palmer, head of EMEA equity capital markets (ECM) at Bank of America. A return by long-only investors to capital markets deals is seen as key for any recovery, after a year in which hedge funds have taken a lead role as buyers of new issuance. "When the stock market is going like this, people typically don't buy new issuance," said Joshua Bonnie, co-head of Simpson Thacher & Bartlett's global capital markets practice.

☆ Social media financial content is a 'Wild West.' Here are the red flags to watch out for before investing your money
▼ + stars: | 2022-12-06 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Platforms should implement checks and balances for their content, Yang said. But there are red flags that people should watch for in the content they consume before they put their money at risk. By taking a balanced approach to your investments, that will give you the biggest chance to create long-term wealth, Barnes said. But it is possible to spot these schemes by doing some research on your own and comparing an investment's promises to normal returns, Yang said. The S&P 500 Index 's returns over the past 40 or 50 years would be a good benchmark, he said.

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