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Committee Moves: Devon Energy, Transdigm and Reddit
  + stars: | 2024-11-25 | by ( ) 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 EmailCommittee Moves: Devon Energy, Transdigm and RedditThe Investment Committee discuss their latest portfolio moves. Bryn Talkington sells Devon Energy, Steve Weiss sells Transdigm, and Josh Brown talks about the new street high target for Reddit.
Persons: Bryn, Steve Weiss, Josh Brown Organizations: Devon Energy, Investment Locations: Bryn Talkington
AdvertisementA 2017 presentation for macro investor Scott Bessent's hedge fund explains his research process and "edge." His firm, Key Square Capital, struggled to generate returns despite its strong pedigree. Bessent — the former righthand man for billionaire George Soros and now the nominee for Treasury secretary by President-elect Donald Trump — saw billions of dollars leave his firm, Key Square Capital, after its 2016 launch, Reuters reported. It's not clear if there have been any changes to the investment process in the seven years since the presentation was created. Advertisement"Key Square views its research process as a think tank that is bolted on to disciplined trading and risk management," one slide reads.
Persons: Scott Bessent's, Donald Trump, Bessent, George Soros, Donald Trump —, Soros, Jim Chanos Organizations: Key Square Capital, Reuters, Business, Associates, Key
Final Trades: Domino's, Vertiv, Mercado Libre and the COWZ
  + stars: | 2024-11-25 | 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 EmailFinal Trades: Domino's, Vertiv, Mercado Libre and the COWZThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Mercado Libre, Investment Locations: Mercado
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets will be harder to navigate at the sector level, says Charles Schwab's Liz Ann SondersLiz Ann Sonders, Charles Schwab chief investment strategist, joins 'The Exchange' to discuss markets, what investors should expect ahead and equities.
Persons: Charles Schwab's Liz Ann, Liz Ann Sonders, Charles Schwab
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPro Talks: Dan Clifton on when politics should play a role in investment decisionsCNBC's Dominic Chu speaks with Dan Clifton, partner and head of policy research for Strategas Securities, to look beyond the postelection rally and find out which businesses could get a boost in Trump's next term. Plus, he takes stock-specific questions from Pro subscribers.
Persons: Dan Clifton, CNBC's Dominic Chu Organizations: Strategas Securities Locations: Trump's
Andersen: S&P 500 target is 6,600 by year-end.
  + stars: | 2024-11-25 | 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 EmailAndersen: S&P 500 target is 6,600 by year-end. Mark Andersen, Chief Investment Officer at UBS, discusses the 2025 U.S. market outlook, predicting benefits from less regulation, positive impacts from Scott Bessent as Treasury Secretary.
Persons: Mark Andersen, Scott Bessent Organizations: Andersen, UBS Locations: U.S
UBS says this AI play is a buy with nearly 20% upside ahead
  + stars: | 2024-11-25 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
In addition to growth in the smartphone market, Arcuri sees the AI megatrend spurring expansion in PCs and data centers for Arm. Arm's data center share should expand even faster, Arcuri said. Specifically, he forecasts that the company's market share in that space will more than triple from less than 5% in 2023 to the mid-teens in 2028. "Arm's three decade track record of R & D productivity shows that the R & D investments it is making today will underlie the next decade's stream of high-margin revenue," Arcuri said. ARM YTD mountain ARM, year-to-date The stock moved about 2% higher in the premarket following the move.
Persons: Timothy Arcuri, Arcuri Organizations: UBS, ARM
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: XRT, Murphy, GCO, Katie Stockton Organizations: P Retail, Levi's, Johnston, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
Scott Bessent speaks at the National Conservative Conference in Washington D.C., Wednesday, July 10, 2024. Dominic Gwinn | Afp | Getty ImagesFinancial markets on Monday welcomed President-elect Donald Trump's pick for U.S. Treasury secretary, with currencies across the globe rallying on hopes that hedge fund manager Scott Bessent can take some of the sting out of Trump's more extreme economic views. "Trump's pick for Treasury Secretary has swelled investor sentiment further with stocks on Wall Street looking set for another flurry of gains," Susannah Streeter, head of money and markets at Hargreaves Lansdown, said in a research note. While many economists are skeptical about the effectiveness of tariffs, Bessent has defended them as "a useful tool for achieving the president's foreign policy objectives." Some strategists expect Trump's Treasury chief pick to be welcomed as good news for Asian currencies over the coming months.
Persons: Scott Bessent, Dominic Gwinn, Donald Trump's, paring, Trump, Bessent, Susannah Streeter, Hargreaves Lansdown, Scott Bessent's, George Soros, Trump's, Scott Spratt, Donald Trump, Brandon Bell Organizations: National Conservative Conference, Washington D.C, Afp, Getty Images, U.S, Treasury, Treasury Department, Connecticut, Key Square, Trump, Hargreaves, China News Service, US, Rabobank, Trump's Treasury, Societe Generale Corporate, Investment Banking, Asia FX, SpaceX, Via Reuters Locations: Washington, London, Xinfeng County, Ganzhou City, Jiangxi Province, China, U.S, Mexico, Treasuries, Brownsville , Texas
Steven Witkoff, the billionaire New York real estate executive whom President-elect Donald J. Trump has named as his special envoy to the Middle East, was in a jam. But there was a two-part rescue of sorts from the kind of real estate angels that New York property investors have increasingly turned to. First, Abu Dhabi’s sovereign wealth fund expanded its stake in the troubled hotel, Park Lane, which sits at the southern edge of Central Park. Then, in an even more crucial move, the Qatar Investment Authority last year dispatched $623 million as a leveraged buyout of Mr. Witkoff and his partners. The transactions — involving two oil-rich sovereign wealth funds from the Middle East — are a hint of the enormous flow of dollars pouring into U.S. real estate firms from entities associated with countries like Qatar, the United Arab Emirates, Saudi Arabia and Kuwait.
Persons: Steven Witkoff, Donald J, Trump, Witkoff’s, Abu, Witkoff Organizations: New, Justice Department, Qatar Investment Authority, Mr, United Arab Locations: New York, Manhattan, Park, Central, Qatar, United Arab Emirates, Saudi Arabia, Kuwait
Trade Tracker: Steve Weiss buys more Bitcoin
  + stars: | 2024-11-25 | by ( ) 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 EmailTrade Tracker: Steve Weiss buys more BitcoinSteve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's buying more Bitcoin. The Investment Committee discuss crypto.
Persons: Steve Weiss Organizations: Short Hills Capital Partners
That kind of energy, they thought, was missing from the pasta sauce aisle. "We probably took $150,000 — everything we made from that business, honestly, bottom line — and put it into Sauz," Bonde says. The pasta sauce aisle was crammed with basil marinaras, vodkas and creamy alfredos. Maybe shoppers would enjoy the flavor in their pasta sauce. "If I went and surveyed 1,000 pasta sauce shoppers, I don't think any of them would have said hot honey marinara.
Persons: Troy Bonde, Winston Alfieri, Sauz, they'd, Gen, , Bonde, Alfieri, Covid, I'd, Ally Kroeckel, They'd Organizations: USC, CNBC, NextPace Ventures, Foods, Ford, Mazda Locations: China, WhatsApp, Angeles, California
The Biden administration plans to reduce Intel’s preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company’s investment delays and broader business struggles. The government’s decision to reduce the size of the grant follows Intel’s move to delay some of its planned investments in chip facilities in Ohio. The company now plans to finish that project by the end of the decade instead of 2025. The chip maker has been under pressure to reduce costs after posting its biggest quarterly loss in the company’s 56-year history. The move by the Biden administration also takes into account Intel’s technology road map and customer demand.
Persons: Biden Organizations: Biden, Intel, U.S ., Taiwan Semiconductor Manufacturing Company Locations: California, Ohio
AdvertisementOver the past few years, fears about toxic and inflammatory "seed oil" have taken over the internet. What seed oil is actually doing in our diet is more complicated than either side lets on. The seed oils under fire, aka 'the hateful 8'lacaosa/Getty ImagesFor centuries, people around the world have used local oils, some of which could be classified as "seed oils," derived from mustard seeds and flaxseeds. Advertisement"There are things that are way more important for you than to even think about seed oils," Mozaffarian said. AdvertisementBazinet said, while the jury is still out on seed oils, some people may want to take extra precautions.
Persons: it's, Robert F, Kennedy Jr, Trump's, Richard Bazinet, Predrag Popovski, Dariush Mozaffarian, Mozaffarian, Mozaffarian —, who've, veganism, Joseph Hibbeln, Hibbeln, Artemis Simopoulos, Simopoulos, Stuart Walmsley, fryer, Bazinet, you've, chia Organizations: Health, Human Services, University of Toronto, Food, Medicine Institute, Tufts University, National Institutes of Health, Business, Michelin, Shake, Getty Locations: Eastern, Canada, Chipotle, China
Orsi’s Broad Front took 44% of the vote while Delgado’s National Party won 27% in the first round of voting Oct. 27. Most polls have shown a virtual tie between Delgado and Orsi, with nearly 10% of Uruguayan voters undecided even at this late stage. Uruguay's presidential candidate for the Republican Coalition, Alvaro Delgado, waves to supporters outside a polling station after voting during the presidential runoff election in Montevideo on November 24. Delgado served most recently as Secretary of the Presidency for Lacalle Pou and promises to pursue his predecessor’s pro-business policies. Uruguay's presidential candidate for the Frente Amplio party, Yamandu Orsi, greets supporters after voting during the presidential runoff election in Canelones, Uruguay, on November 24.
Persons: — Uruguayans, Álvaro Delgado, Luis Lacalle Pou, Colorado Party –, Delgado, Kamala, , Nicolás Saldías, Alvaro Delgado, Dante Fernandez, Orsi, Lacalle Pou –, Lacalle, , Lacalle Pou, Yamandu Orsi, Eitan Abramovich, José “ Pepe ” Mujica, , ” Delgado, Uruguayans Organizations: Delgado’s National Party, , Colorado Party, Congress, Frente, Trump, Intelligence Unit, , Republican Coalition, AFP, Getty, National Party, International Monetary Fund, Marxist Locations: MONTEVIDEO, Uruguay, American, America, Caribbean, London, Montevideo, China, Mercosur, South, Canelones, Latin America, , Beijing, Pocitos
AdvertisementTSMC's Phoenix chip factories likely won't eliminate US dependence on tech from Taiwan. Experts told BI that TSMC's most advanced chips will likely continue to be produced in Taiwan. TSMC produces an estimated 90% of the world's advanced chips, which power everything from iPhones to cars. While TSMC's Phoenix factories are expected to boost semiconductor chip production in the US, the company isn't making its most advanced chips stateside, industry experts told Business Insider. For example, chips produced using 4 nanometer (nm) technology are expected to be made in the first Phoenix factory, while TSMC's Taiwan factories are already producing chips using 3nm technology.
Persons: Biden, TSMC, Jeff Koch, SemiAnalysis, — Koch, Stephen Ezell, it'll, Chris Miller, Miller, Koch, Trump, William Alan Reinsch Organizations: Commerce Department, Information Technology, Innovation Foundation, of Commerce, Arizona, Nvidia, Apple, Qualcomm, AMD, American Enterprise Institute, Center for Strategic, International Studies, Biden Locations: Taiwan, Arizona, Phoenix, TSMC's, United States, China
In 2022, she bought a three-bedroom home in Williamsburg, Brooklyn, for $3.25 million, entirely on her own. AdvertisementOne of the bedrooms in Chestler's Williamsburg condo. Courtesy of Jessica ChestlerWhen you're buying a home with someone else, there's obviously a lot more to consider, especially if you're not married. AdvertisementThere's always that uncertainty: What if the person you're buying with doesn't like it or wants a different lifestyle? There's a certain trepidation — whether you're a woman or a man — when you're single and unsure about your future, which can make people hesitant to buy a home.
Persons: Jessica Chestler, Chestler, Douglas Elliman, I've, It's, Ben Jacobs Organizations: National Association of Realtors, Michelin, bodega Locations: Williamsburg , Brooklyn, New York, Florida, Jessica Chestler New York, Williamsburg, Brooklyn, Manhattan, London
For two fund managers at Fidelity International, Beijing's latest stimulus announcements were significant enough for them to buy more beaten-down real estate stocks. "We have been moderately increasing our position in China," Zhou said. Zhou and Ben Li are co-managers of Fidelity's Greater China Fund . One of the top 10 holdings of Fidelity's Greater China Fund is Chinese online booking platform Trip.com . Earnings comments in the last two weeks from major Chinese companies have underscored how it will take time to see the impact of stimulus .
Persons: Theresa Zhou, Zhou, Ben Li, Li, Daniel Zipser's, Zipser, Nomura, Donald Trump's Organizations: Fidelity International, CNBC, China Fund, McKinsey, TCL, Fidelity Locations: China, BOE, Shenzhen
Warren Buffett, a celebrated lover of junk food, just bought into a national pizza chain whose shares are trading near their cheapest level of the year. Whosever original idea, Domino's Pizza is in keeping with other, long-standing investments by the sprawling Omaha-based conglomerate. DPZ YTD mountain Domino's Pizza shares have trailed the S & P 500 this year. Value bet Domino's fits into Berkshire's value investment philosophy, focused on cash flow and price-to-earnings and price-to-book-value yardsticks. Pizza wars The pizza chain has struggled with comparable sales growth in the U.S. as competition for cost-conscious customers mounts.
Persons: Warren Buffett, Buffett, Berkshire Hathaway, Ted Weschler, Todd Combs, Oscar Meyer, Kraft Heinz, Burger King, Tim Hortons, Jeffrey Bernstein, it's, Warren, Bernstein Organizations: Kraft, Berkshire, Restaurant Brands, Tim Hortons amd, Barclays Capital, Barclays, CNBC Locations: Berkshire, Omaha, McDonald's, Domino's, U.S
AI is also ushering in an era of nuclear power, however, which is cleaner. Tech companies are investing in nuclear power plants to fuel AI data centers. Some industry leaders believe that nuclear energy might be the only reliable way to meet the demands of the AI revolution. "AI requires massive, industrial-scale amounts of energy," Franklin Servan-Schreiber, the CEO of nuclear energy startup Transmutex, previously told Business Insider. According to the Financial Times, last week, at the UN COP29 climate summit in Baku, Azerbaijan, Big Tech companies flew under the radar more than usual.
Persons: Fabrice, Franklin Servan, Schreiber, Edwin Lyman, Toby Rice, EQT, Rice, Kevin Thompson, Jensen Huang Organizations: Tech, US Energy Information Administration, Companies, Google, Union of, Scientists, Wall Street, Financial Times, UN, Big Tech, McKinsey, Nvidia, Hong Kong University of Science, Technology Locations: United States, Washington ,, Baku, Azerbaijan
Musk recently said his choice for the influential Treasury secretary role would be Howard Lutnick. As President-elect Donald Trump assembles the key players to drive his new administration's agenda, Elon Musk is rarely far away. Trump tapped hedge fund manager Scott Bessent, the founder and chief executive of Key Square Group, to be his next Treasury secretary on Friday. Bessent, a Wall Street veteran and a top economic advisor to Trump, emerged as a favorite of the president-elect while on the campaign trail this year. The Wall Street Journal reported that Trump sought advice from Wall Street leaders for the Treasury spot, and his advisors told him that analysts would view Bessent as a stabilizing figure.
Persons: Elon, Donald Trump's, Musk, Howard Lutnick, Trump, Scott Bessent, Donald Trump, Elon Musk, Vivek Ramaswamy, Bessent, Cantor Fitzgerald, Organizations: Mar, UFC, of Government Efficiency, Trump, Key Square, Wall Street, Senate, Street Journal, Treasury, Business Locations: Lago, Florida, New York, Trump's, United States
The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.
Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin
AdvertisementBack to their rootsUS Marine amphibious assault vehicles approach the USS Wasp during a 2020 ship-to-shore exercise. This is transforming the US Marine Corps into "an archipelagic maneuver force designed to conduct littoral, sea-denial operations," Tangredi said. Ironically, the US Marine Corps is returning to its historical roots. This is what the US Marine Corps did for most of its history since its founding in 1775. AdvertisementAs for Chinese marines, their historical purpose was to storm Taiwan, not garrison tiny atolls on behalf of the navy.
Persons: Sam Tangredi, Tangredi, Lance Cpl, Jacqueline Parsons, Rudyard Kipling, Michael Peck Organizations: US Marine Corps, US, China's, Corps, Chinese Communist Party, CCP, China Maritime Studies, US Naval, PLA, People's, Army, PLAN, People's Liberation Army Navy, People's Liberation Army Navy Marine Corps, Nationalist, War College's Institute for Future Warfare, Marine, USS, US Navy, senior Marine, USMC, US Army, 3rd Littoral Regiment, South China, Marines, Navy, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, United States, South China, of Africa, East, South, Roman, Vietnam, Iraq, Afghanistan, Pacific, America, Forbes
AdvertisementThe CHIPS and Science Act, offering over $30 billion in incentives, spurred semiconductor lobbying. Related VideoAmerican manufacturers like Intel and Micron boosted their lobbying funding, while foreign companies like TSMC assembled their DC-based government relations teams in response. Business Insider reviewed lobbying public disclosure reports associated with various chip companies and focused on the top listed lobbyists and governmental affairs departments. Only three companies—Polar Semiconductor, Global Foundries, and TSMC—have finalized funding contracts out of 21 set to receive CHIPS Act grant funding. The spokesperson declined to comment on chip lobbying efforts and the specifics of individual CHIPS applicants.
Persons: TSMC, Chris Miller, Joe Biden's, Donald Trump, Joe Rogan, TSMC —, Lori Yue, Yue, Trump, Howard Lutnick, Cantor Fitzgerald Organizations: Nvidia, TSMC, Intel, Big Tech, Micron, AMD, Business, Polar Semiconductor, Global, of Commerce, Companies, Columbia Business School, The Locations: Washington, Washington ,, Taiwan
But a new US Army contract for a TNT production facility in Kentucky will change that. The US intends to start making TNT at home again. The US Army plans to build a domestic production facility for the explosive compound, which the Pentagon has long been forced to obtain from overseas. Restarting domestic TNT production is an investment in the country's industrial base, she said. The new TNT production facility is expected to help strengthen the US military's preparation for large-scale conflict.
Persons: It's, John T, Kevin Sterling Payne, Bradley Martin, Oleg Petrasiuk, Cynthia Cook, Cook, Reim Organizations: TNT, US Army, Pentagon, Factory, Army, USA, Defense, Armaments and, US, Russia, 24th Mechanised Brigade, AP, Industrial, Group, Center for Strategic, International Studies, Operation Locations: Kentucky, Russia, China, Ukraine, Army's, Germany, Navy, Kyiv, South Korea, Poland
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