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☆ A top fund manager who's beaten 99% of competitors over the past 5 years shares the investing strategy that led to his success — and 7 of his favorite value stocks right now
▼ + stars: | 2023-01-13 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Eli Salzmann's Neuberger Berman Large Cap Value Fund has beaten 99% of peers in the past five years. Here are seven stocks that Salzmann loves right now, even if the economy weakens. Value stocks have been in vogue for the past year or so, but in the decade before that, investors only seemed to care about growth stocks. The two indexes were weighed down by lagging value stocks, but still managed to fetch returns 316% and 240%, respectively. During that time, many value fund managers drifted toward growth names, said Eli Salzmann, the portfolio manager of the Neuberger Berman Large Cap Value Fund (NBPIX), in a recent interview with Insider.

From start to finish, Tuesday's 80th annual Golden Globe Awards was a very queer affair. Here are some of the evening's queerest (and gay Twitter meme-worthy) moments. Jerrod Carmichael apologizes to Jennifer Coolidge 'on behalf of all the gays'Jerrod Carmichael hosted the 80th annual Golden Globe Awards on Tuesday. The 26-year-old actor, who already has two Emmy awards for the same role, was not present to accept her Golden Globe. The Burnett award was started in 2019, with its namesake, comedian Carol Burnett, being its first honoree.

☆ Investors could find better stock market returns outside the U.S. in 2023
▼ + stars: | 2023-01-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

With the dollar weakening, it's time for U.S. investors to get more serious about going abroad for stock market gains. Europe, China, Japan, Asia are actually going to move from losers to winners," he said. The iShares China Large-Cap ETF (FXI), iShares MSCI China ETF (MCHI) and KraneShares CSI China Internet ETF (KWEB) are invested in shares of Chinese companies. Chinese stocks make up 33% of the MSCI Emerging Markets Index. The iShares MSCI Emerging Markets ETF (EEM) represents that index.

☆ Private equity acquires a taste for drug development
▼ + stars: | 2023-01-09 | by ( David Carnevali | ) www.reuters.com time to read: +6 min

Jan 9 (Reuters) - Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals that compensate them for the uncertainty involved. These deals are not structured as the leveraged buyouts that private equity firms are mostly known for. In most cases, the drug makers start paying the money back to the private equity firms when the drug is being developed, either by issuing equity, tapping cash on hand or borrowing. They also share a slice of the newly developed drug's revenue with the private equity firms once it's approved. Private equity firms also provide capital to spin out drugs into new companies.

☆ Oil majors that are 'cheap, unloved and trending up' are attractive, strategist says
▼ + stars: | 2023-01-06 | 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 EmailOil majors that are 'cheap, unloved and trending up' are attractive, strategist saysFahad Kamal, chief investment officer at Kleinwort Hambros, expects more upside than downside in oil prices in 2023.

☆ As Kuroda bows out, Bank of Japan's rising hawks eye end to unloved yield cap
▼ + stars: | 2022-12-16 | by ( Leika Kihara | ) www.reuters.com time to read: +12 min

PUBLIC DISCONTENTAfter a tumultuous year for the world's third-largest economy, Japan's central bank and its leadership face a critical moment. While ruling out the need to ditch the yield cap now, Takata recently said he saw positive developments in wage growth. "The BOJ must start worrying about the possibility of inflation accelerating more than expected," he told Reuters, adding the BOJ may abandon its yield cap as early as next year. Such a reaction was seen in March when the BOJ was forced to pledge unlimited bond buying to defend its yield cap from speculative market attacks. "That's why the BOJ won't provide advance signals and remove the yield cap in a single step."

Wage gains are strong and consumption, the mainstay of U.S. economic growth, continues to increase even after adjusting for inflation. Many factors influence when and if the economy falls into recession; but invariably it will involve rising unemployment and falling consumption. They have telegraphed plans to keep raising interest rates for now as they try to cool the economy and keep prices in check. To date, Fed officials do not feel they have overstepped. "The greatest upside risk is also linked to monetary policy actions," if the Fed navigates the economy to its aimed-for "soft landing" that avoids recession.

☆ Best Buy's jump on ho-hum earnings shows how unloved some retail stocks have become
▼ + stars: | 2022-11-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. The tape remains firm, levitating toward the upper end of a tight range in place for a week and a half. Best Buy 's pop on a still-soft sales outlook shows how cheap and unloved some of the group's leading stocks have become, though understandably given how sellers of goods over-earned the prior couple of years. It also shows upside risk, as managers might be forced to chase, though other gauges suggest more a hopeful stance by retail (decent stock inflows recently). There's a way to tell the story of 2022 as a year of concentrated, productive payback and reset.

☆ EXCLUSIVE Hedge fund Hestia wants Pitney Bowes to review capital spend, e-commerce segment
▼ + stars: | 2022-11-21 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

It is not clear whether Hestia, run by Kurt Wolf, plans to nominate director candidates for election to the company's nine-member board. A Pitney Bowes spokesperson was not immediately available for comment. Pitney Bowes, which is headquartered in Stamford, Connecticut, is valued at $628 million. Wolf believes Pitney Bowes should focus on cash-generating segments like Presort Services, its mail aggregation business, and SendTech Solutions, its postage meter business. Securities filings show that Permit Capital, LLC and Miller Value Partners LP, which were also investors in GameStop alongside Hestia, are also invested in Pitney Bowes.

LONDON, Nov 18 (Reuters) - Inflows into global equity funds hit their highest level in 35 weeks in the week to Wednesday, according to a report from Bank of America (BofA), as investor optimism brightened. Investors poured a net $22.9 billion into equities, BofA said, citing EPFR data, and $4.2 billion into bonds. They pulled $3.7 billion from cash funds and $300 million from gold. U.S. equity funds saw inflows just shy of $24 billion in the week to Wednesday, BofA said. Money flowed into emerging market (EM) equities for the fourth week running, at $1.9 billion.

☆ Wolfe Research says these unloved stocks are starting to show favorable signs heading into 2023
▼ + stars: | 2022-11-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A few stocks that were unloved this year look set to turn the page heading into 2023, according to Wolfe Research. Wolfe Research searched for unloved names with buy ratings from less than 40% of analysts covering them. According to Wolfe Research, Carnival is expected to accelerate earnings by 647%. Pinterest has low short interest, just 5.5%, according to Wolfe Research. Regardless, the airline company has a high 2Q22 earnings quality score of 96, and it's forecasted to accelerate earnings by 17%, according to Wolfe Research.

For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a reader wonders if it's worth buying "frivolous" flowers for a spouse who loves them. Write to For Love & Money using this Google form. Is there something innately wrong with spending money on things that aren't necessary for our survival? Rooting for you both,For Love & Money

☆ A market-crushing fund manager shares his investing strategy and how to avoid landmines in international markets as Europe hurtles towards a recession
▼ + stars: | 2022-10-26 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

But Jim Nelson's EuroPac International Value Fund has continued its dominant stretch. Last decade was a disappointing one for international stocks relative to their US peers, and the 2020s haven't been much better so far. But investors would only have half the losses if they instead got global equity exposure through the EuroPac International Value Fund (EPIVX). His responsibility is to give investors diversification away from US assets and exposure to foreign stocks in case they rally. For the EuroPac International Value Fund, he focuses on high-quality businesses that are trading below fair value.

☆ 'Unloved, undervalued' UK stocks back in focus on Rishi Sunak stability hopes
▼ + stars: | 2022-10-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Britain's new Prime Minister Rishi Sunak walks past Larry the cat outside Downing Street, in London, Britain, October 25, 2022. "The fact that we have Rishi Sunak as prime minister is definitely calming on markets. We believe that it is under owned, it's unloved, undervalued, and there is some upside from here." Sunak in his inaugural speech outside Downing Street on Tuesday stressed the importance of "economic stability and confidence" while warning of "difficult decisions to come." Central to the potential stability narrative, as far as U.K. markets are concerned, is the assumption that the central bank will now be less aggressive in raising interest rates.

☆ China is an 'attractive market' with 'inexpensive' stocks after big drops, fund manager says giving 3 picks
▼ + stars: | 2022-10-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

"China, in particular, is an attractive market [when stocks are] under 10 times earnings," Arcese said when speaking to CNBC "Pro Talks." The average price target of 291 Hong Kong dollars ($37.1) means analysts expect the stock to rise by 105% over the next 12 months. Alibaba, JD's competitor and one of the largest companies in China, is buy-rated by 45 out of 47 analysts surveyed by FactSet. The median price target at 135 HKD signifies a 119% upside potential. On average, analysts have a 397 HKD price target on the stock equating to a 92% upside.

Yet he ultimately carried the can for an unwelcome fiscal plan that roiled bond markets, spooked investors and sparked a major backlash from governing Conservative Party lawmakers. Cutting his visit short, he flew back to London on Friday to "continue work at pace" for a medium-term fiscal plan due at the end of the month. Nor were further moves to re-embrace Treasury orthodoxy through the choice of Scholar's replacement and a decision to bring forward a medium-term fiscal plan and forecasts. In a reply to Kwarteng, Truss said she was deeply sorry to lose a long-standing friend from government. But a finance minister being ditched so quickly for his policies - especially when they were so closely aligned with the prime minister - is unprecedented in modern times.

☆ Can a lesbian in Texas be the next 'queen of country music'? 'Monarch' star Beth Ditto gives it a shot
▼ + stars: | 2022-09-27 | by ( Max Gao | Max Gao Is A Freelance Journalist Based Out Of Toronto. He Has Written For The New York Times | Nbc News | ) www.nbcnews.com time to read: +7 min

As a multiplatinum recording artist and the frontwoman of the indie rock band Gossip, Beth Ditto knows a thing or two about the cutthroat nature of the music industry. I know this person,’” Ditto, who hails from a liberal family of nine in Arkansas, told NBC News in a recent video interview. I grew up with country music. But I never changed the way that I was.”But Ditto also recognized the dearth of positive representation she had growing up. “We were in Hawaii with [record producer] Rick Rubin, and we made the record, and it’s been cooking,” Ditto said.

☆ Why it's time to start paying with $2 bills
▼ + stars: | 2022-09-17 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com time to read: +7 min

So wouldn't it make more sense to start paying with $2 bills instead? BEP doesn't have to request new $2 bills each year, like it does for other bills. Bad luckThe United States first issued $2 bills beginning in 1862, around the time the federal government first started printing paper money. It's also more efficient to print $2 bills than $1 bills because the Treasury can print twice as much for the same amount of money and requires less storage. In short, he concludes, $2 bills are underappreciated in the United States and a way for strangers to meet and engage.

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