DIRS.INFO The most relevant business & tech news

☆ Focusing on fundamentals helped these two BNY Mellon funds outperform in 2022
▼ + stars: | 2022-12-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

John Bailer and Brian Ferguson don't chase growth stocks. And that's an approach that's helped their five- and four-star-rated mutual funds beat this year's market rout. "What I'm talking about is a focus back on fundamentals in the market," said Bailer, a portfolio manager at Newton Investment Management, a subsidiary of BNY Mellon. In nearly two decades, the managers delivered roughly 300 basis points in alpha to investors, Bailer said. "With these high oil prices, good refining margins, they've been able to build a lot of cash," Bailer said.

RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, head of oil workers' union FUP, said on social media that Lula had picked Prates based on the labor group's recommendations. He added that Senator Alexandre Silveira would be chosen to be mines and energy minister. The transition team, Prates and Petrobras did not immediately respond to requests for comment. Preferred shares of the oil company rose more than 2% after Bacelar's post, outperforming Brazil's benchmark stock index Bovespa <.BVSP>, before ceding half the gain.

☆ Here are the 10 Dow stocks analysts think will see the most gains in 2023
▼ + stars: | 2022-12-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

With that in mind, CNBC Pro looked at stocks in the Dow that have the most upside to the average analyst price target, per FactSet. Salesforce takes the top spot, with nearly 50% upside to the average analyst price target. Tech giant Apple could also see big gains, with the average analyst price target implying upside of 28%. The stock has had a lackluster year, losing 25%, but 62% of analysts covering Apple rate it a buy. 4 spot with nearly 21% upside to the average analyst price target.

[1/2] People visit a retail store during the holiday season in New York City, U.S., December 15, 2022. So far, shopper visits to many retail segments, including apparel and electronics, are down year-over-year, according to foot-traffic data from Placer.AI. Zara, the fast-fashion chain, aggressively raised prices this year without turning off shoppers, while dollar stores including Dollar General (DG.N) expanded their array of merchandise. Dollar stores have also shown momentum as more consumers traded down. Discount and dollar stores saw visits up 1.1% year-over-year, and up 7.8% compared to Super Saturday 2019, according to Placer.AI foot-traffic data.

☆ The Dow's yearly performance is beating the S&P 500 by the most in decades. Here's why
▼ + stars: | 2022-12-21 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

The S & P 500 has shed more than 18% on the same basis, and the Nasdaq Composite is down more than 32% . It's rare that the Dow would beat out the S & P 500 on a total-return basis at all. "Over time, the Dow correlates with the S & P 500," said Howard Silverblatt, senior index analyst for S & P Dow Jones Indices. On the flipside, large tech names in the S & P 500 have done much worse. In addition, Wall Street analysts say it is unlikely that the Dow will again outperform the S & P 500 in 2023.

☆ Bank of America: Buy these 21 top-rated stocks that have been oversold in 2022 and are poised for outsize moves in 2023
▼ + stars: | 2022-12-20 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

The bank is also positive on value stocks and high free cash flow generation. After a difficult 2022, most investors are really hoping that the new year comes with a new investing environment. Bank of America strategist Jill Carey Hall says that among smaller companies, taking a bet on more volatile stocks usually works out in January. The bank encourages investors to prioritize criteria like high free cash flow generation and improving profit margins as a path to success. But when it comes to January, BofA views the 21 stocks below as some of the best opportunities available.

☆ CNBC Pro Talks: Fund manager Jeremy Gleeson on how to trade tech right now
▼ + stars: | 2022-12-20 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

After a tough year for tech, the sector's stocks are "down but by no means out," according to CNBC Pro Talks ' next guest. Gleeson has more than 20 years of investing experience, with a focus on the tech sector. Watch the next Pro Talks on Wednesday, Dec. 21 at 12 p.m. GMT/ 8 p.m. Singapore Time / 7 a.m. EST. Gleeson has more than 20 years of investing experience, with a focus on the tech sector. Watch the next Pro Talks on Wednesday, Dec. 21 at 12 p.m. GMT/ 8 p.m. Singapore Time / 7 a.m. EST.

☆ Wall Street's 'free lunch'? A simple holiday trade that tends to beat the market
▼ + stars: | 2022-12-20 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

The almanac's editor-in-chief Jeffrey Hirsch wrote that "this `free lunch' is an extremely short-term strategy reserved for the nimblest traders." Also listed on the table are the average percentage of analysts rating each one a buy and the potential upside represented by analysts' 12-month price targets. Five financial stocks also popped up: Capital One , Signature Bank , Extra Space Storage , Lincoln National and Global Payments . Three tech stocks, two utilities and one consumer non-discretionary and one healthcare stock each round out the screen. Salesforce and Signature Bank both offer potential upside of more than 70%, the highest of the 13, based on analysts' average price targets.

☆ Goldman Sachs has plans for deep headcount cuts in the new year
▼ + stars: | 2022-12-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, the Goldman cuts go deep. Goldman's bankers and others on Wall Street still enjoy pay packages that are beyond that of most American workers. Some portion of Goldman's cuts are being made with an eye to 2023 and 2024, suggesting that the firm's leaders don't expect a return to go-go days anytime soon. Click here to read more about the cuts set to hit Goldman Sachs. Private-equity firm Advent announced plans to acquire satellite maker Maxar Technologies for $6.4 billion in a deal that included Goldman Sachs, JPMorgan, and Morgan Stanley.

☆ This unusual media stock is a top 2023 play from Morgan Stanley because of growing F1 popularity
▼ + stars: | 2022-12-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Shares of Formula One-parent company Liberty Media can go nearly 30% higher on the rising popularity of the auto racing sport, according to Morgan Stanley. Analyst Benjamin Swinburne named the media and entertainment stock one of his top overweight-rated ideas for 2023, saying it can outperform even as growing recessionary challenges are expected to challenge the broader industry. Its primary revenue drivers (over 80% of revenues) are driven by contracted media rights, race promotion fees, and sponsorship contracts all with multi-year renewal cycles," Swinburne wrote Monday. The analyst cited the growing popularity of Formula One in the U.S., which he expects will result in higher revenue growth over the long term. EBITDA (OpCo level) to CAGR midteens through '25 as F1 realizes margin expansion under the terms of its current Concorde Agreement," Swinburne wrote.

☆ A 'civil war' looms in the Republican party as Trump rages at polls showing DeSantis is more popular, warns GOP donor
▼ + stars: | 2022-12-17 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

"Trump is increasingly scared of being left for dead by the Republican Party," a GOP donor told NBC News. In a post on Truth Social, Trump referenced a new Wall Street Journal poll which suggested that DeSantis would get 52% of the vote while Trump would get 38%. The same Wall Street Journal poll also said that 86% of respondents viewed DeSantis favorably, compared with 74% for Trump. "DeSantis is rising, and Trump is increasingly scared of being left for dead by the Republican Party," Dan Eberhart, a GOP donor who is supporting DeSantis, told NBC News. In a recent Politico/Morning Consult poll that listed 15 potential GOP candidates, 45% of respondents chose Trump, compared to 30% for DeSantis.

☆ Sam Bankman-Fried's story keeps getting wilder and weirder as details emerge from his past and more people speak out.
▼ + stars: | 2022-12-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

The more details that emerge, the more I feel like this is going to make a great Michael Lewis book (and movie) one day. Among the highlights from his testimony include his assertion that the crypto market is "the largest Ponzi scheme in history." In other news:Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting, Wednesday, Nov. 2, 2022, in Washington. A top FTX exec blew the whistle on Sam Bankman-Fried's moves just two days before the crypto exchange collapsed. Morgan Stanley's Mike Wilson said the stock market could fall further in 2023.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion. Domestic sales are sluggish despite strong growth in the overall economy because of high costs and cheap imported garments, manufacturers say. Reuters GraphicsIn the textile industry, manufacturers say higher domestic cotton prices and other costs have hit profit margins, while overseas orders for next summer are down by about one-third and domestic demand remains weak. "The government needs to scrap the 11% import duty on cotton so local textile mills can have a level playing field," Ganatra said. Reuters GraphicsFEAR OF JOB CUTSMany textile manufacturers, who have frozen hiring of workers, have warned of jobs cuts if the government fails to provide relief soon.

☆ China's BYD to launch a second new EV brand in 2023 -executive
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Dec 15 (Reuters) - China's BYD Co will launch a new "professional and personal" electric car brand in 2023, a senior executive said on Thursday as the automaker expands its range following a year of strong sales. The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023 that it announced last month. Having ditched gasoline vehicles from its product mix this year, BYD has been able to capitalise on a range of incentives for electric cars offered by the central and local governments. Luo said BYD has sold cars to 35 countries outside China since it started exporting to Norway last May. Reporting by Zoey Zhang and Brenda Goh; Writing by Liz Lee; editing by Christian Schmollinger and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ The 'ultimate buy-and-hold' investment fund is beating 96% of its competitors this year — with the same stocks it's held since 1935. Here's how the risk aversion born after the Great Depression is sti
▼ + stars: | 2022-12-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

The Voya Corporate Leaders Trust Fund hasn't actively changed its strategy or holdings since 1935. Nearly a century after its inception, the Voya Corporate Leaders Trust Fund (LEXCX) is still going strong. That's why Client Portfolio Manager Christina Bargeron believes that the Voya Corporate Leaders Trust Fund was an unprecedented investment vehicle at its time — the "first truly passive offering" available to investors. "It's almost like taking a bet on your outlook for Union Pacific and energy," Bargeron explained. But going forward, Voya has no plans at all to change the guidelines for the Corporate Leaders Trust Fund.

☆ Here are Thursday's biggest analyst calls: Tesla, Amazon, Nike, Nio, Verizon, Disney, Snap & more
▼ + stars: | 2022-12-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Guggenheim names Nike a top 2023 pick Guggenheim said Nike's brand remains "healthy and strong." Bank of America names Amazon a top 2023 pick Bank of America said Amazon is a "share gainer" that will continue in 2023. " Morgan Stanley upgrades Verizon to overweight from equal weight Morgan Stanley said Verizon shares are "historically" attractive. Morgan Stanley downgrades AT & T to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward. Morgan Stanley downgrades Lockheed Martin to equal weight from overweight Morgan Stanley said it sees more "limited upside" for shares of the defense company. "

☆ Apple vs. Microsoft? One outperforming fund manager picks his favorite — and explains why
▼ + stars: | 2022-12-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Apple The Switzerland-based fund manager says Apple's shares have performed relatively better than Microsoft's because it has spent $90 billion buying back shares in the last financial year, compared to Microsoft's $30 billion of buybacks. Dodds believes this masks underlying weaknesses in Cupertino-headquartered Apple's business. Microsoft On the other hand, Dodds highlighted steps that Microsoft is taking that make it a better investment. Whereas Dodds said Apple relies on a handful of highly profitable revenue streams to keep up growth. "They rely a lot on the consumer continuing to convince themselves that an Apple 14 is a must have over an Apple 13."

☆ On the eve of the Fed’s decision, the case for stocks’ year-end strength is solidifying
▼ + stars: | 2022-12-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +4 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Though after the late-day Monday levitation, with the Fed decision Wednesday and the nearby presence of the S & P 500 resistance line just overhead, the rally has backed off. Inflation declining from high levels has historically been a very positive dynamic for equity performance, and investors remain in a bit of a defensive stance, so the case for year-end strength is solidifying. Of course, there is the Fed decision to get through. The crowd is arguably over-extrapolating near-term recession and earnings-decline hazards in calling for a run toward or below the October S & P 500 lows before a round trip higher.

☆ Miners, financials drag TSX index to three-week low
▼ + stars: | 2022-12-12 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

[1/2] The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. ET (1524 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 25.74 points, or 0.13%, at 19,921.33. The materials sector (.GSPTTMT), which includes miners of precious and base metals, shed 0.7% as gold prices trickled lower. The U.S. central bank is expected to deliver a half-percentage-point rate hike, along with The European Central Bank and the Bank of England, who are expected to raise their lending rates later in the week. Including Monday's trading, the TSX is down 6% year-to-date, outperforming the U.S. benchmark S&P 500 index (.SPX), which has lost more than 17% this year.

☆ Limiting volatility has driven Clarkston Founders fund to outperform in 2022
▼ + stars: | 2022-12-12 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The Clarkston Founders Institutional Fund has always tried to avoid volatility. The Founder's Fund has lost about 2.8% in 2022, notably outperforming other mid-cap value funds, which are down an average 7.2%, and a Morningstar benchmark index, which is lower by 5.6%, all through Dec. 9. As a result, the $610-million fund has a below average beta — a measurement of volatility relative to the broad market — of 0.85, according to Morningstar, versus 1.08 for all mid-cap value funds. The fund ranks in the 15th percentile of all mid-cap value funds in 2022, and is in the 23rd percentile over the past five years. Clarkston's investment policy emphasizes what it calls "quality value" stocks, regarded as high quality and considered undervalued relative to their long-term cash flows.

☆ Apple vs. Microsoft? Outperforming fund manager says there's a clear winner
▼ + stars: | 2022-12-12 | 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 EmailApple vs. Microsoft? Outperforming fund manager says there's a clear winnerRichard-Mark Dodds, chief investment officer at Pure Value Metrics, thinks the choice is clear between Apple and Microsoft. As one of the companies spends money on share buybacks, the other is making investments to further its business, he said.

☆ This is Goldman Sachs' favorite retail stock for 2023
▼ + stars: | 2022-12-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Investors are carefully watching the retail sector going into 2023 for signs of a slowing economy and consumer weakness. Still, there are some stocks that are poised to gain even in an uncertain environment, according to Goldman Sachs. At the same time, Goldman downgraded shares of Ulta to neutral from buy, citing tougher growth in 2023 after a solid year. It has sell ratings on shares of Bed Bath & Beyond, Big Lots and Williams-Sonoma. On the flip side, it has buy ratings on shares of Walmart, O'Reilly Automotive, BJ's Wholesale Club, Dollar General, Dicks Sporting Goods, Five Below and more.

☆ EU regulators tweak state aid rules to boost broadband rollout
▼ + stars: | 2022-12-12 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, Dec 12 (Reuters) - EU competition regulators have revised state aid rules to make it easier for European Union countries to finance the rollout of fast-speed broadband, key to achieving the bloc's ambitious digital and green goals. The EU executive said governments will be allowed to provide state support to fixed broadband networks providing at least 1 gigabit per second and 150 megabit per second upload speeds. Aid for rolling out mobile networks, including 5G, will only be allowed to improve the quality of existing or planned mobile networks. The revised rules allow EU countries to use either a published price, regulated price or cost-based price as a benchmark to set wholesale access prices. To ensure transparency, governments will have to launch a public consultation of at least 30 days before granting state aid, with environmental and energy included among the selection criteria.

☆ JPMorgan upgrades Box, says cloud stock can rally 20% on strong financials and product suite
▼ + stars: | 2022-12-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Box is bucking the trend among technology names and stands to keep outperforming going forward, according to JPMorgan. Analyst Pinjalim Bora upgraded the software-as-a-service stock to overweight from neutral. The new target represents upside of 20% from Friday's close. The move follows the upgrade to neutral from underweight in March as the stock has continued to outperform the broader software sector, as measured by the iShares Expanded Tech-Software Sector ETF (IGV) . Growth should slow next year along with the broader software market, he said, but should still show a "double-digit" increase year over year.

☆ Stocks making the biggest moves midday: Horizon Therapeutics, Coupa Software, Weber and more
▼ + stars: | 2022-12-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Amgen shares fell more than 1%. Weber – Shares of the grill manufacturer jumped 23% after the company announced a deal to be taken private by BDT Capital Partners. Coupa Software – The maker of business spending management software jumped 26% after the private-equity firm Thoma Bravo agreed to buy the company in an all-cash deal worth $8 billion, or $81 per share. Under Armour – The athletics apparel stock jumped 10% following an upgrade to buy from hold by Stifel. Monday – Shares of software publisher Monday jumped 6% after JPMorgan upgraded the stock to overweight from neutral and boosted its price target.

Search resuls for: "outperforming"

25 mentions found