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☆ Follow a simple, 'unorthodox' 4-step strategy and buy these 5 stocks to mimic the returns of a top-3% mutual fund over the last decade
▼ + stars: | 2024-07-16 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewA growth-heavy mutual fund has crushed its index in the last decade thanks to a remarkably simple investing strategy that most bottom-up portfolio managers would decry as heresy. The Hennessy Cornerstone Growth Fund (HFCGX) managed by Neil Hennessy, Ryan Kelley, and Josh Wein is in the top 3% of its category in the last 10 years, according to Morningstar. AdvertisementThis stock screen, which doesn't examine a company's management team or balance sheet, is "a little bit unorthodox," Wein acknowledged. A 4-part pathway to strong gainsThough unconventional, the four-part vetting process that serves as the backbone of the Hennessy Cornerstone Growth Fund is far from unproven. Although Wein doesn't select stocks like most other managers, he still highlighted five stocks that he's most excited about.

Persons: —, Neil Hennessy, Ryan Kelley, Josh Wein, Morningstar, It's, Wein, " Wein, they're, Hennessy, They're Organizations: Service, Cornerstone Growth, Business, Hennessy Cornerstone Growth, Urban Outfitters, Emcor

☆ Prepare for the S&P 500's 'rocket launch' to 6,000 by year's end by making these 10 investments now: Founder of multi-billion-dollar research firm
▼ + stars: | 2024-07-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

"The beginning of bull markets has this really incredible trajectory," Demmert said in a recent interview. AdvertisementA slew of catalysts, including investors' fear of missing out, will drive the S&P 500 to 6,000 by year's end, Demmert predicted. "This whole thing ends, eventually, very ugly, but I think that's years away — not months," Demmert said. So we start a new business cycle; new bull market. AdvertisementEconomic cycles usually go for seven to eight years, Demmert said, and this bull market began two Octobers ago.

Persons: —, James Demmert, Demmert, I'm, inflation's, there's, We're, that's, Scott Organizations: Service, Main, Research, Business, Federal Reserve, Bears Locations: Wall, Japan, India, China

☆ Why David Ellison should think twice about abandoning Paramount+ once the Skydance merger goes through
▼ + stars: | 2024-07-12 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Read previewParamount's flagship streaming service gets less attention and respect than it deserves — including, perhaps, from its new owners. Skydance, led by aspiring media mogul David Ellison, publicly unveiled its plan to invest billions into the so-called "New Paramount." Those lines likely have employees in Paramount's streaming division shaking in their shoes. It certainly sounds like Skydance is keen on trimming spending on the service or shacking it up with another streaming service like Warner Bros. Paramount's streamer had the highest share of subscriptions added in the first quarter in the US, according to data from Antenna.

Persons: —, Skydance, David Ellison, Ellison, Discovery's Max, Max, there's, Puck's Matthew Belloni Organizations: Service, Paramount, CBS, Nickelodeon, Business, Warner Bros, Netflix, Amazon Prime Locations: Canada, Mexico, Australia, Europe, Latin America, South America

☆ History says there's a 100% chance that US stocks will rise in the second half of the year — here are 15 stocks to target for maximum gains
▼ + stars: | 2024-07-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Sure enough, the S&P 500 rallied another 7.2%, ending 2023 up 24.2%. BMO Capital MarketsInvestors would love a similar outcome after a 14.5% first-half gain, which ranks in the 82nd percentile historically, according to BMO. History is on stocks' side in the second halfIn the last seven-and-a-half decades, the S&P 500 has risen 10% to 15% a dozen other times. Chances are, the relatively tame 5.5% slide the S&P 500 experienced in March and April won't be the biggest pullback of the year. Advertisement"Extended valuation remains a hot topic, but a closer inspection reveals that levels may not be as severe as are being advertised," Belski wrote.

Persons: —, Goldman Sachs, Brian Belski, Belski, Stocks, Oppenheimer Organizations: Service, BMO Capital Markets, Business, BMO Capital, BMO, UBS, Markets, Tech, Trade Locations: The Montreal, New York, US

☆ One of Wall Street's most bullish firms shares 8 overlooked growth stocks with up to 131% upside to buy before a long-awaited breakout
▼ + stars: | 2024-07-11 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Shares of small- and midsize companies, or "SMID caps" for short, have lagged behind their large-cap peers in recent years, including 2024. Large caps may lead for a while longer, Oppenheimer researchers wrote in a July 9 note. AdvertisementOppenheimerHowever, SMID caps have quietly but consistently built momentum throughout this year, even though they haven't broken out yet. "Each of these unconfirmed averages are maintaining above prior breakout levels and their 200-day average," Oppenheimer researchers wrote. Within SMID caps, Oppenheimer is especially bullish on midsize growth stocks.

Persons: —, Oppenheimer Organizations: Service, Nvidia, Business, Medicines, Zeta Global

☆ 5 ways investors can hedge against under-the-radar threats to this 'Goldilocks' market, according to a leading UBS strategist who saw this rally coming
▼ + stars: | 2024-07-10 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

He reasoned that while higher interest rates were a concern, solid earnings growth would keep stocks afloat. Since then, the S&P 500 has rallied 11.1% off its early May lows and extended its year-to-date surge to 16.9%. Since UBS GWM is neutral on US stocks, Lefkowitz recommends that investors keep their expectations in check and look for alternatives. Though not flashy, bonds boast attractive yields and should continue to rally if the Fed cuts rates this fall, according to UBS GWM. "We think investors should position for a lower interest rate environment and buy quality bonds, which have attractive yields and the potential for capital appreciation amid the potential for a deeper easing cycle," Marcelli wrote in the note.

Persons: —, it's, David Lefkowitz, who's, Lefkowitz, We'll, that's, Donald Trump, Joe Biden, UBS GWM, seconding, Solita Marcelli, Marcelli, Trump Organizations: Service, UBS Global Wealth Management, UBS GWM's, Business, UBS GWM, Federal, Nvidia, UBS, White Locations: Washington

☆ 14 stocks to buy for at least 25% earnings growth in 2025 while the stunning market rally stalls, according to Goldman Sachs
▼ + stars: | 2024-07-09 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The most bullish year-end target for the S&P 500 was 5,100, which represented solid upside of about 7% from where it ended the year. Those predictions look paltry in hindsight, as the S&P 500 finished the first half of the year up 14.5% at 5,460. Bulls are getting bolder, but risks remainIn response, several major firms have boosted their year-end S&P 500 targets in recent months. AdvertisementGoldman Sachs recently shared earnings growth projections for the 100 biggest stocks in the S&P 500, both for this year and next. Below are those 14 large-cap stocks expected to grow earnings by at least 25% next year, along with each one's ticker, market capitalization, and 2024 and 2025 earnings growth estimates.

Persons: —, Goldman Sachs, Morgan Stanley, Oppenheimer's John Stoltzfus, David Kostin, Kostin Organizations: Service, Business, Bulls, BMO Capital Markets, Deutsche Bank, Apple, Meta, Microsoft, Nvidia —

☆ A veteran fund manager who's more than quadrupled the S&P 500's return in the last 32 years explains how he finds deeply undervalued stocks — and shares how he made one of his best trades ever
▼ + stars: | 2024-06-26 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Stocks often trade above or below their fair value, which means active managers who choose stocks wisely can score huge eye-popping returns. "What we're really looking for is opportunities where that dollar can also compound to be two, four, 10," Robotti said. "People say, 'Oh, who cares if you buy a cheap stock, the market just won't ever pay attention. When the economics of a business — even if people hate that business — are extremely strong, the stock follows." "If you bought it at 20 cents on the dollar and it doubles, you don't sell it at 40 cents on the dollar," Robotti said.

Persons: —, Bob Robotti, Robotti, that's, couldn't, James Carville, people's, he's Organizations: Service, Cornell, P Global, Business, drillers, Tidewater, GulfMark, Swire Pacific Locations: Houston

☆ 34 stocks ready to outperform if Donald Trump retakes the White House and implements an 'America First' policy, according to Goldman Sachs
▼ + stars: | 2024-06-25 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Even though the S&P 500 has risen under Trump and Biden, the candidates' policy differences will likely have a significant impact on which stocks outperform, according to Goldman Sachs. 34 US-focused stocks to ownTrump's so-called "America First" agenda appears to be a tailwind for companies that generate most or all of their sales in the US, according to Goldman Sachs. Kostin and his colleagues recently highlighted their domestic sales basket, which comprises 50 stocks in the S&P 500 with that description. Within that group, there are 34 companies that Goldman Sachs said generated 0% of their revenue from outside the US in the last year. Below are 34 stocks that are set to outperform if Trump wins and implements tariffs, along with each stock's ticker, market capitalization, sector, and revenue from the previous 12 months.

Persons: —, Joe Biden, Donald Trump, Goldman Sachs, David Kostin, Trump, Kostin, it's Organizations: Service, Republicans, Democratic, Business, White, Biden, Trump, Goldman Locations: China

☆ Here's the '800-pound gorilla' that has a top global strategist at Wells Fargo worried about a major market pullback — and 5 investments that can survive as AI hype goes overboard
▼ + stars: | 2024-06-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Scott Wren, a senior global market strategist at Wells Fargo Investment Institute, recently noted that market breadth is abnormally narrow. He found that the five best performers in the S&P 500 accounted for nearly three-fifths of its exceptional 10.6% year-to-date gain through May 31. That fate will soon apply to the S&P 500, Wren warned. Such a sell-off would take the S&P 500 below 5,000 for the first time since April. "And it's tough to be patient when the S&P 500 set a bunch of all-time high records."

Persons: —, Scott Wren, Wren, Steve Sosnick, Sosnick, who's, it's, we've, they've, they're, we're, Goldman Sachs, There's, He's Organizations: Service, Wells, Wells Fargo Investment Institute, Business, Interactive Brokers, Wells Fargo Investment, Nvidia, Investors Locations: Wells Fargo

☆ 26 growing cities where homes are getting more affordable
▼ + stars: | 2024-06-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Affording a home has been a Herculean challenge in recent years due to rising property prices and stubbornly high mortgage rates. That means only 20% of the markets surveyed have homes selling for under half a million dollars and are also getting more affordable. 26 growing cities where home prices are downSince cities with falling home prices are relatively rare, homebuyers might assume that those markets are getting cheaper because they're becoming less popular. However, there are over two dozen markets where property prices have fallen in recent years despite enjoying an influx of residents, according to Zoocasa's new report. AdvertisementThat leaves 26 markets where home prices are down despite sizable population growth.

Persons: — Organizations: Service, homebuyers, Business, National Association of Realtors, Bureau Locations: West, Texas, Arizona

☆ Goldman Sachs: 37 non-tech stocks destined to be long-term winners of the AI boom
▼ + stars: | 2024-06-19 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Investors still have an insatiable appetite for AI, as Nvidia is now the world's most valuable firm. Goldman Sachs shared 37 stocks outside of the tech sector that can be AI winners. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Goldman Sachs, —, what's Organizations: Nvidia, Service, Business Locations: Santa Clara

☆ Buy these 8 stocks before a robust rebound for the 'abnormally weak' healthcare sector
▼ + stars: | 2024-06-18 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The healthcare sector's 7% return this year is less than half of the S&P 500's 14.9% gain. At first glance, the lack of interest in healthcare stocks seems justified, given the group's subpar earnings growth. However, the upcoming earnings rebound for healthcare stocks isn't accounted for in valuations. Fortunately for investors, BMO has done that legwork by highlighting a slew of top healthcare stocks in its US model portfolios. Below are the eight outperform-rated healthcare stocks in BMO's model portfolios, along with the ticker, market capitalization, and group or groups that each is in.

Persons: —, There's, Brian Belski, Belski Organizations: Service, BMO Capital Markets, Business, BMO, Healthcare, BMO doesn't Locations: Montreal

☆ Investors are hoarding cash, a tidal wave of non-tech earnings is quietly rising, and 3 other fascinating takeaways from JPMorgan Asset Management's mid-year outlook
▼ + stars: | 2024-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Since then, those technology titans have crushed the rest of the market in earnings growth and returns. By contrast, the other 493 stocks in the S&P 500 saw their earnings fall in 2023. The firm is calling for 17% earnings growth in the fourth quarter, both for stocks in and out of the Magnificent 7. All 11 market sectors will enjoy earnings growth in Q4 for the first time since Q2 of 2021, according to JPMAM's projections. That includes healthcare, energy, and materials, which saw earnings decline earlier this year.

Persons: Tesla, Stocks, Santos, JPMAM Organizations: Asset Management, Apple, Meta, Microsoft, Nvidia

☆ Max has a big loyalty problem — and it shows why WBD has been looking to team up with its rivals
▼ + stars: | 2024-06-13 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Discovery's flagship streaming service Max needs more loyal customers. The service has cut its churn rate since last year, but it still has room for improvement. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Discovery's Max can live up to its tagline of "the one to watch," the streaming service must first become "the one to not cancel." This story is available exclusively to Business Insider subscribers.

Persons: Max, — Organizations: Warner Bros, Service, HBO, Business

☆ 7 top cities where renters can score significant savings despite persistent inflation
▼ + stars: | 2024-06-11 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Rent fell on a year-over-year basis for the 10th month in a row. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlthough rent continues to fall across the US, substantial cost savings are rare — especially after accounting for stubbornly high inflation. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ Investors are ignoring a crucial risk that has Charles Schwab's global strategy chief up at night — and they'll be caught off guard as US stocks lag international equities for years
▼ + stars: | 2024-06-10 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Global stocks, as measured by the MSCI World Index, are up nearly 10% year-to-date. "I see election risks as one of — if not the biggest — risks to markets in the second half of the year." Why international stocks will best the USInvestors should hedge against the potential downsides of populism and geopolitical conflicts by owning a diverse basket of international stocks, Kleintop said. If that pattern holds, foreign firms will take the baton from US equities, which have mostly led global markets since the financial crisis. Advertisement"I wouldn't say that you would want to abandon US equities, or even abandon some of those high-flying tech or AI-related stocks," Kleintop said.

Persons: —, Jeffrey Kleintop, Charles Schwab's, Kleintop, that's, Donald Trump, it's, isn't, Tesla, we've, He'd Organizations: Service, Business, Apple, Meta, Microsoft, Nvidia, International Locations: Europe, United Kingdom, globalism, India, Mexico, Asia, Russia, Ukraine

Mike Kratky, 33, Leerink PartnersLeerink PartnersSector: Medical devices and technologyKratky's young career underwent a major shift in March 2020 — and it wasn't remote work. The Colgate University graduate thinks he's a better analyst for it because he now understands how readers of his research think. "The stock calls won't always go my way," Kratky said. All eight of the outperform-rated medtech stocks Leerink has covered since October have outperformed the S&P 500 and their industry index. The medtech industry is experiencing rapid change, particularly with the advent of GLP-1 drugs that treat obesity and diabetes.

Persons: Mike Kratky, Kratky, Leerink, He's, he's, Kratky's, — James Faris Organizations: Leerink Partners Leerink Partners, Nasdaq, Riley Securities, Colgate University, Tandem Diabetes Care Locations: Leerink

☆ 9 top stocks to add to your portfolio now, according to market-beating strategists
▼ + stars: | 2024-06-05 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe record market rally has stalled in recent weeks, just as skeptics of stocks became believers. Advertisement9 stocks to put in your portfolio nowAlthough the market's path forward is murky with the pivotal US election season coming up, investors shouldn't fret. A team of BMO strategists headlined by Belski unveiled their latest US strategy portfolios in a June 3 note. For reference, the US tactical equity portfolio surged 4.9% last month, roughly in line with the S&P 500, and has outperformed by 0.9% this year and 2.8% in the last 12 months.

Persons: —, Brian Belski, hasn't, Ed Clissold, Ned Davis, he's, David Lundgren, Belski Organizations: Service, BMO Capital Markets, UBS, Business, Ned, Ned Davis Research, BMO, Microsoft, Netflix, Nvidia Locations: Montreal, BMO's US

☆ 25 cities where rents are falling despite the biggest national increases in nearly two years
▼ + stars: | 2024-06-02 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

One-bedroom rent hadn't surged that fast since August 2022, while two-bedroom rent rose by the most in 20 months. May marked the second time in three months that monthly rent ticked higher, following flat price growth in April. An ominous omen for inflationFaster rent growth won't just affect tenants. Below are the 25 US cities where rent for a one-bedroom apartment declined from where it was in April, according to Zumper. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the nation's 100 biggest markets.

Persons: —, That's, 6hkPHpnbuq — James Faris, @JamesFaris_, Anthemos Georgiades Organizations: Service, Business, CPI, Consumer

☆ The thinking person's AI trade: There's a cheap, under-the-radar sector generating historically strong returns — and these 8 stocks are Goldman Sachs' top picks
▼ + stars: | 2024-05-31 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

It marks the often-unloved group's third-best showing since 2002, according to Goldman Sachs. Utilities aren't just an AI playOther than their understated connection to AI, utilities are attractive on a valuation basis and as a defensive hedge, according to Goldman Sachs. AdvertisementHowever, utilities are cheap compared to the high-single-digit earnings growth they're expected to produce in the next several years. Goldman SachsBesides being discounted relative to their future growth, utilities serve as a hedge against lower economic growth. AdvertisementOf the 16 utilities stocks covered by Goldman Sachs analysts, only half have a buy rating from the firm.

Persons: —, Goldman Sachs, Carly Davenport, Ryan Hammond, Bill Gross, Sebastien Page, Rowe Price, it's, Page, Goldman, Hammond Organizations: Service, Utilities, Business, Nvidia, Microsoft, Goldman, Federal Reserve

☆ Ignore Nvidia's '2000-like valuation' and ride the market's AI-driven momentum by making these 8 hot investments, according to a rally-calling professional trader
▼ + stars: | 2024-05-30 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Ironically, Salama sympathizes with Nvidia skeptics about the company's valuation, which he said is in "nosebleed territory." Stocks will shatter expectations — and recordsLike AI-focused companies, US stocks aren't cheap but can continue to charge higher. Other investments to consider are companies tied to AI champion Nvidia, including server builder Super Micro Computer (SMCI) and venerable computer company Dell (DELL). AdvertisementOutside AI, Salama is incredibly bullish about bitcoin (BTC) during its mammoth rally and companies tied to cryptocurrencies, including Coinbase (COIN) and Robinhood (HOOD).

Persons: —, Leon Cooperman, Cooperman, that's, John Salama, Salama, Salama's, doesn't, OpenAI Organizations: Service, Nvidia, Business, Trading, Microsoft, Apple, Micro, Dell, Coinbase Locations: bitcoin

We asked seven pro investors to identify the best trades of their careers and explain how the lessons from those decisions still apply today. The CBOE Volatility Index, also known as the VIX, shot above 40, essentially meaning traders were betting that the stock market would be exceptionally rocky over the following month. Jeff Muhlenkamp, lead portfolio manager at Muhlenkamp & CompanyJeff Muhlenkamp Muhlenkamp & CompanyJeff Muhlenkamp's namesake Muhlenkamp Fund (MUHLX) has been in the top 3% of its category in the past half-decade, thanks to trades like one he pulled off on Chinese internet firm Baidu (BIDU). "I pretty much expected, 'OK, if I get a double out of this in five years, I'll be happy' — that's pretty decent money," Muhlenkamp said. He noted that industrials within the Russell Mid Cap value index have returned 116% over the previous five years.

Persons: —, That's, Michael Burry, Warren Buffett, Berkshire, Rob Arnott, Tim Boyle, Arnott, I'd, Bob Elliott, Bob Elliott's, Elliott, Jeff Muhlenkamp, Jeff Muhlenkamp Muhlenkamp, Jeff Muhlenkamp's, Muhlenkamp, you've, Sona Menon, Cambridge Associates Sona Menon, Bryant VanCronkhite, Allspring Bryant VanCronkhite Allspring Bryant VanCronkhite, VanCronkhite, Russell, industrials, James Davolos, Davolos, George Patton, Harley Bassman, Harley Bassman's, Bassman, Merrill Lynch, I'm Organizations: Service, American Express, Business, Research, Bloomberg, Getty, Bridgewater Associates, Treasury, Securities, Muhlenkamp, Baidu, Google, North, Cambridge Associates, Allspring, Horizon Kinetics, Opportunities Fund, Credit Suisse Locations: industrials, West Africa, New York City, Guinea

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

☆ 'Zoomtown' slowdown: 18 cities where rents have plummeted from their pandemic peak
▼ + stars: | 2024-05-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

That figure was 0.7%, or $12, less than in 2023 but is still 22.5% higher than the pre-pandemic rent rate of $1,407 in April 2019. Advertisement18 cities where rents have fallenRenting is also much more affordable than it was during the pandemic peak. The typical Austin apartment in April went for $1,494, which is down 11.5% — or nearly $200 — from the peak rent of $1,689 in September 2022. Below are the 18 US cities, many of which became Zoomtowns during the pandemic, where apartment prices are down at least 5% from their post-2019 peak. Along with each is its median rent in April, year-over-year rent change, peak rent, and change from that peak rent figure.

Persons: —, Realtor.com, Jiayi Xu, Xu, Austin Organizations: Service, Business, Star Locations: Austin

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