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☆ Goldman says these are the favorite stocks of both mutual funds and hedge funds
▼ + stars: | 2023-03-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Mutual funds and hedge funds tend to have different risk tolerance and exposure, but Goldman Sachs found a list of stocks loved by both cohorts. It then compiled the "Hedge Fund VIP basket," consisting of 50 stocks that most frequently appear among the largest 10 holdings of hedge funds, and the "Mutual Fund Overweight basket," consisting of 50 stocks in which mutual funds are the most overweight. Goldman found that there are 10 "shared favorites" among hedge funds and mutual funds last quarter. "We expect 2023 to be a more fertile environment for hedge funds and mutual funds given an increasingly micro-driven market." Meanwhile, a duo of insurers — UnitedHealth, Humana — were also loved by both mutual funds and hedge funds.

☆ Stock pickers continue to shine after a better year and here are their favorite names in 2023
▼ + stars: | 2023-02-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank analyzed the holdings of 543 mutual funds with $2.4 trillion of assets under management at the start of 2023, based on regulatory filings. It then compiled a basket of the most popular bets, called "Mutual Fund Overweight basket," consisting of 50 stocks in which mutual funds are the most overweight. Year to date, 43% of large-cap mutual fund managers have outperformed their benchmarks, well above the long-term average of 38%, Goldman said. Goldman's mutual fund overweight basket has gained 2% in 2023, in line with the S & P 500's performance. Credit card duo Mastercard and Visa were the two most loved names by mutual funds at the start of 2023, according to Goldman.

☆ Oakmark fund manager likes this alternative asset firm for its ‘attractive long-term earnings growth outlook’
▼ + stars: | 2023-02-15 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors should take a closer look at KKR & Co. on the strength of its alternative assets business, according to Michael Nicolas, portfolio manager at Oakmark Funds. "If you kind of step back a little bit, alternatives have been taking share of invested assets for quite some time, and KKR has been taking share within alternatives," he said Wednesday on CNBC's " Squawk on the Street ." The portfolio manager at the Oakmark Equity And Income Investor fund (OAKBX) said he prefers KKR over some of its competitors, such as Blackstone and Apollo Global Management. "We think the company is extremely well managed, and has a really attractive long-term earnings growth outlook. Additionally, Nicolas said he still likes Fiserv and Willis Towers Watson , both stocks he recommended on CNBC in October .

☆ NBA roundup: Bucks take advantage of undermanned Celtics
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +4 min

The Celtics played without four starters: Jayson Tatum (illness), Jaylen Brown (facial fracture), Marcus Smart (ankle) and Al Horford (knee). Deandre Ayton provided the Suns with 29 points and a team-high 11 rebounds, while Chris Paul had 17 points to complement a season-high 19 assists. Kristaps Porzingis contributed 28 points, 12 rebounds and five assists, while Bradley Beal scored 19 points and Kendrick Nunn added 10 for Washington. Scottie Barnes added 17 points, and Precious Achiuwa amassed 11 points and 13 rebounds. Wendell Carter Jr. scored 26 points for the Magic, who have alternated wins and losses for the past six games.

☆ Fintech giant’s bad wedding leads to happy divorce
▼ + stars: | 2023-02-14 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 14 (Reuters Breakingviews) - Many mergers fail, but executives are rarely humble enough to admit it. They have a point – FIS paid $3 billion more for Worldpay than the combined companies’ market value today. These are worlds apart from the staid financial institutions which patronize FIS’s core software business. As a stand-alone company the payments firm could also borrow more to fuel future purchases without imperiling its former parent’s credit rating. FIS also announced a $17.6 billion writedown on the value of the business and lowered its profit guidance for 2023.

☆ This week's best-performing stocks include a pharma name up more than 20%
▼ + stars: | 2023-02-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Wall Street is wrapping up a volatile week, but some stocks still did well despite several macro crosscurrents. Take a look at some of the biggest gainers this week, and where analysts see them going forward. Tesla was one of this week's notable gainers, continuing its post-earnings report rally. Semiconductor manufacturer and IP company Skyworks Solutions also made this week's list of biggest gainers. Several financial stocks also had a strong week, with Everest Re and Fiserv gaining 10.1% and 9.2%, respectively.

☆ Stocks making the biggest moves midday: Chegg, Hertz and Oak Street Health
▼ + stars: | 2023-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading Tuesday. Oak Street Health — Shares surged more than 30% after the Wall Street Journal reported CVS Health was close to an agreement to buy the primary-care provider for $10.5 billion. Sweetgreen — Shares fell about 6% after Cowen downgraded the salad chain's stock to market perform from outperform, citing "deteriorating value perceptions." ZoomInfo — Shares of the software company fell 1.7% following the company's quarterly results for the latest period. Leggett & Platt — Shares fell 5% during midday trading after Leggett & Platt reported disappointing earnings after the market closed on Monday.

☆ Morning Bid: Powell's state of the union
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +4 min

Jerome Powell makes his first speech since the Fed's latest quarter-point interest rate rise last week. More importantly, it's his first chance to comment on Friday's seemingly blockbuster U.S. employment report for January. Perhaps just as significantly, they now price year-end Fed rates higher than the 4.5-4.75% range they are at right now. Atlanta Federal Reserve Bank President Raphael Bostic on Monday said of the jobs readout: "It'll probably mean we have to do a little more work." Investors will watch Biden's State of the Union with one eye on the potentially destabilising debt ceiling standoff with Congress.

☆ NBA roundup: Giannis' triple-double sparks Bucks to 7th straight win
▼ + stars: | 2023-02-05 | by ( ) www.reuters.com time to read: +9 min

Khris Middleton scored 24 points off the bench for the Bucks, who won their seventh straight game. Tyler Herro added 24 points despite shooting just 2 of 8 from 3-point range, and Bam Adebayo recorded a double-double of 16 points and 11 rebounds. Jalen Brunson scored 41 points, three shy of his career high, while Julius Randle posted 28 points and 11 rebounds for the Knicks. De'Andre Hunter scored 20 points and Clint Capela had 12 points and 11 rebounds. DeMar DeRozan collected 27 points, seven assists and seven rebounds, and Nikola Vucevic had 23 points and 11 rebounds.

☆ A flurry of earnings reports, Fed rate hike, signs of a bull market
▼ + stars: | 2023-02-04 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ NBA roundup: Giannis Antetokounmpo nets 50 in Bucks' rout
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +3 min

[1/4] Jan 29, 2023; Milwaukee, Wisconsin, USA; Milwaukee Bucks forward Giannis Antetokounmpo (34) brings the ball downcourt in the third quarter during game against the New Orleans Pelicans at Fiserv Forum. Mandatory Credit: Benny Sieu-USA TODAY SportsJanuary 30 - Giannis Antetokounmpo had 50 points and 13 rebounds and the host Milwaukee Bucks rolled to a 135-110 victory over the reeling New Orleans Pelicans on Sunday night. Jrue Holiday added 17 points and Brook Lopez scored 15 as the Bucks won their fourth straight game. Amir Coffey scored 18 points, and both Moses Brown and Moussa Diabate finished with 13 points coming on in reserve. Aaron Nesmith tallied 16 points and five rebounds, while Myles Turner added 15 points and four boards.

☆ This payment stock can surge 25% as a potential recession means less competition, Morgan Stanley says
▼ + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Shares of Global Payments are set to surge as competition falls to the wayside, according to Morgan Stanley. Less competition good for shares The changing competitive landscape should favor incumbents such as Global Payments, according to Faucette. In addition, Global Payments is top of the list in the category due to its strategic outlook, including a focus on mergers and acquisitions. Merchant exposure Global Payments also has high merchant exposure, which might not be as much of a detriment in a recession as feared, according to the note. "With this type of backdrop, we would expect GPN Merchant revenue growth to remain solidly mid- to high single digits."

☆ NBA roundup: Hornets come out firing, blow out Bucks
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +7 min

Tyrese Maxey led the Sixers with 26 points and Tobias Harris had 22 points and 11 rebounds. Romeo Langford added 15 points for San Antonio, with Malaki Branham hitting for 14 and Jeremy Sochan 10. Daniel Gafford had 15 points and nine rebounds, and Kristaps Porzingas added 14 points and 10 rebounds. John Wall had 14 points and eight assists, and Moses Brown produced 14 points and 11 rebounds. Bam Adebayo recorded 21 points and 11 rebounds and Jimmy Butler added 20 points and six assists for the Heat.

☆ Fidelity National agrees review, adds director after D.E. Shaw pressure
▼ + stars: | 2022-12-15 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

NEW YORK, Dec 15 (Reuters) - Fidelity National Information Services (FIS.N) said on Thursday that it will undertake a strategic review and add a new director to its board after pressure from hedge fund D.E. Ferris and the board will lead the review which will evaluate the company's business structures and portfolio of assets as well as focus on cutting costs and improving margins. Ferris had been FIS president where she led the integration of Worldpay and steered the company's global business strategy. FIS said on Thursday it had now appointed Jeffrey Goldstein, currently lead independent director, as independent chairman instead. Shaw's calls for a strategic review that could help boost the share price, the company said.

☆ 10 of the best companies to work for if you want to advance your career―some jobs pay more than $100K/yr
▼ + stars: | 2022-12-13 | by ( Gili Malinsky | ) www.cnbc.com time to read: +5 min

The company was among the best for career stability and growing talent. It ranked among the best companies for career launchpad, career stability and advancement without a degree. MicrosoftTech giant Microsoft came in among the top companies for career stability, growing talent and advancement without a degree. It ranked among the best companies for career launchpad, career stability and advancement without a degree. It ranked among the best companies for career launchpad, career stability, growing talent and advancement without a degree.

☆ Morning Bid: Meta averse, ECB decides and CS slides
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. Meta added a deep pothole to an already bumpy U.S. earnings season - another obstacle to a market pumped-up by bets of some central bank relief on the horizon as G7 economies slow. read moreWith Apple (AAPL.O) and Amazon reporting later on Thursday, sentiment toward tech giants remains on edge. But after two-week, trough-to-peak bounce of almost 10%, global stock indices (.MIWD00000PUS) struggled to make much headway for the second session on Thursday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Why this could be the best opportunity in years to buy investment grade corporate bonds
▼ + stars: | 2022-10-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

The Bloomberg Corporate Index , which measures the investment grade corporate bond market, has lost 19.97% year to date, as of Tuesday's close, while the S & P 500 is down 19.03%. Many believe that's created an opportunity to move into investment-grade corporate bonds. Investors can buy corporate bonds in $1,000 increments or through a diversified exchange traded fund. Investing in a fund One way to get exposure to the corporate bond market is through an ETF, such as the iShares iBoxx $ Investment Grade Corporate Bond ETF . Corporate investment grade debt funds have seen $139.7 billion in outflows so far this year, according Refinitiv Lipper.

☆ Reports: Celtics coach Ime Udoka faces possible suspension
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

May 7, 2022; Milwaukee, Wisconsin, USA; Boston Celtics head coach Ime Udoka gestures during the first quarter against the Milwaukee Bucks during game three of the second round for the 2022 NBA playoffs at Fiserv Forum. Jeff Hanisch-USA TODAY Sports/FilesBoston Celtics coach Ime Udoka had what was deemed as an "improper intimate and consensual relationship" with a female employee within the organization, The Athletic reported Thursday morning. ESPN reported Wednesday night that Udoka could face disciplinary action, including a hefty suspension, for an undisclosed violation of organization guidelines. Boston is handling the situation internally and Udoka is not facing scrutiny from the league itself, per the ESPN report. In his first season as head coach, Udoka, 45, led the Celtics to the NBA Finals, where they ultimately lost to the Golden State Warriors in six games.

The Banco Sabadell logo can be seen behind leaves on top of a building outside Madrid, Spain, April 13, 2016. REUTERS/Andrea Comas/File PhotoLONDON/MADRID, Sept 21 (Reuters) - Spanish bank Sabadell (SABE.MC) has received indicative bids from France's Worldline (WLN.PA), Italy's Nexi (NEXII.MI) and U.S. firm Fiserv (FISV.O) for its payments arm, with a deal valued at up to 400 million euros ($393.64 million), three sources said. Register now for FREE unlimited access to Reuters.com RegisterSabadell, Worldline, Nexi and Fiserv declined to comment. In Spain, Sabadell has a strong presence on the payments front and accounts for close to 16.3% of the country's overall revenue generated at the point of sale (POS). Its payments arm, which is mainly focused on consumer lending, has core earnings of about 25-30 million euros, one of the sources said.

☆ Klarna and Affirm tout new partnerships despite market uncertainty
▼ + stars: | 2022-06-02 | by ( Adriana Nunez | ) www.businessinsider.com time to read: +4 min

Klarna expanded its partnership with Marqeta to bring physical cards to the US, while Affirm made its BNPL product available to Stripe merchants. Get a daily newsletter packed with financial services data, insights, and analysis from the Insider Intelligence team. download the app Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. The physical Klarna card lets customers pay for purchases in four interest-free installments online or in-store. >> Browse Our CoverageCurrent subscribers can access the entire Insider Intelligence content archive here.

☆ How retail companies are reducing friction in online and offline transactions
▼ + stars: | 2021-05-26 | by ( Jeremy Goldman | ) www.businessinsider.com time to read: +5 min

And consumers have been moving toward demanding more frictionless payment methods across online and offline channels. For some time now, consumers have been moving toward demanding more frictionless payment methods across online and offline channels. Ecommerce retailers, not to be outdone, are finding ways to improve their transactions as well. Data suggests adults plan to continue to use touchless payment methods after the pandemic is over. One of the ways brands and retailers are working to reduce ecommerce friction is providing more payment methods at checkout.

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