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☆ 'Big Short' fund manager Burry buys another prison stock
▼ + stars: | 2022-11-14 | by ( Carolina Mandl | ) www.reuters.com time to read: +1 min

The move comes after fund manager Burry dumped a dozen positions in the second quarter, including Facebook parent Meta Platforms (META.O), and replaced them with a new stake in prison company Geo Group Inc (GEO.N). A regulatory filing on Monday showed he bought roughly 1.5 million additional shares in Geo Group in the third quarter. Burry also added $7.8 million stake in CoreCivic, the filing showed. Shares in Geo Group, CoreCivic and Aerojet are up year-to-date, outperforming the S&P 500, which is down 16.3% on the year. Fund managers are not required to disclose short positions, which profit when a company's shares fall.

☆ Michael Burry of ‘The Big Short’ bets on a home shopping network stock and a rocket engine maker
▼ + stars: | 2022-11-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Famed investor Michael Burry, known for calling the subprime mortgage crisis, jumped back into the market to pick up a few stocks in the third quarter, according to a new regulatory filing. Burry has been in and out of this private prison operator as well as GEO Group the past two years. In February, Lockheed Martin tabled plans to acquire the rocket engine maker amid opposition from U.S. antitrust enforcers. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. It's also unclear if Burry took any bearish bets last quarter as short positions are not disclosed in these quarterly reports.

☆ These corporate insiders are spending millions on their own stock, including Boeing's CEO
▼ + stars: | 2022-11-11 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The early days of November have seen several major stock purchases by corporate insiders, according to securities filings and Verity Data. The biggest name on the list is Boeing CEO Dave Calhoun, who bought 25,000 shares for roughly $4 million. Here are the top five recent insider buys, according to Verity: 1. CME Group : $8.26 million buy from director William Shepard, the biggest on record for CME Group. The buy at CME Group from William Shepard looks relatively more substantial.

☆ Outgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there's 'pain to come' as linear TV gives way to streaming
▼ + stars: | 2022-11-03 | by ( Alex Sherman | ) www.cnbc.com time to read: +33 min

The biggest cable company in the industry at that time had about a million customers. And the second question is, very much related to that, for years now, the bull investor thesis has been broadband growth. So does that mean that broadband growth is no longer the big growth story it once was? No, I think there's plenty of broadband growth to get for us and there's continued broadband adoption to get for the whole industry. And I think there's some value in scale which can translate into consumer value as well.

☆ Morning Bid: Tech melts, buck bounces
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +3 min

All of which raises some questions about the price at which Elon Musk eventually agreed to buy Twitter. But the dollar rallied on Friday as other central banks looked to more than match any easier Fed tilt. Eyes are shifting to another U.S. inflation update later, with European growth and inflation numbers surprising to the upside. Although spurred back higher on Friday by the inflation news, European bond markets had a dovish take on Thursday's doubling of European Central Bank interest rates to 1.5%. Key developments that should provide more direction to U.S. markets later on Friday:* U.S. September PCE price index, personal income and consumption.

☆ Stocks making the biggest moves midday: Apple, Amazon, Intel and more
▼ + stars: | 2022-10-28 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter. Amazon – Shares of Amazon slipped 9% Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street's expectations. T-Mobile – T-Mobile stock jumped 6% after the telecom company reported the largest jump in subscriber numbers since 2020, when it merged with Sprint. Pinterest – Pinterest rose 8% after the social media company beat earnings expectations and reported more monthly users than analysts forecast. The medical equipment company reported quarterly results on Thursday, posting revenue that slightly beat expectations, according to consensus estimates on StreetAccount.

☆ Comcast tops expectations as it squeezes out a small gain in broadband subscribers
▼ + stars: | 2022-10-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Comcast on Thursday reported third-quarter earnings that beat analyst estimates, despite seeing revenue slightly decline and continued softness in broadband customer growth. Still, it's a sign that cable broadband providers are facing increased competition from telecom and wireless internet companies. Meanwhile, Comcast's cable unit, which includes pay-TV, mobile and traditional phone services in addition to broadband, saw revenue increase 2.6% to $16.5 billion. The company said broadband revenue jumped 5.7% due to an increase in average rates and the number of its residential broadband customers. Peacock, the company's fledgling streaming service, surpassed 15 million paying customers, an increase of more than 70% year-to-date, the company Thursday.

☆ Meet the 'stone-cold-brilliant' Apple exec heading up Apple TV+, Sports, gaming and more, who insiders think could succeed Eddy Cue
▼ + stars: | 2022-10-26 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +10 min

The former Time Warner Cable exec is driving Apple's subscription businesses including TV+, Sports, and Apple One. But inside and outside the tech giant, people are eyeing one cable TV alum who is being positioned for bigger things under Eddy Cue, the company's longtime Services SVP. As VP, Services, Stern is responsible for running strategy and operations for multiple growth businesses inside Apple. Here's how Stern ascended from cable TV to the top of the tech giant, and what his moves mean for the future of Apple Services. He appeared on stage in 2019 as the frontman for the Apple TV app, in a pair of dark-wash jeans and an untucked gray button-down.

☆ The economy may be in better shape than you think...for now
▼ + stars: | 2022-10-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

The consensus forecast from economists surveyed by Reuters is that GDP grew at an annualized pace of 2.1% in the third quarter. (This will be the first estimate for third-quarter GDP, and there will be several revisions in the coming weeks.) That also means the Fed will likely continue to sharply raise interest rates to finally choke off inflation once and for all. Those rate hikes helped cause a so-called double-dip recession, where the economy suffered two downturns between 1980 and 1982. In other words, the much-hoped-for “soft landing” for the economy could turn out to be a pipe dream.

☆ Meet the under-the-radar Apple executive who heads Apple TV+, gaming, and sports, and drives more than 860 million paid subscriptions
▼ + stars: | 2022-10-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +10 min

The former Time Warner Cable exec is driving Apple's subscription businesses including TV+, Sports, and Apple One. As VP, Services, Stern is responsible for running strategy and operations for multiple growth businesses inside Apple. Here's how Stern ascended from cable TV to the top of the tech giant, and what his moves mean for the future of Apple Services. A third former high-placed Time Warner Cable alum also recalled this exchange. He appeared on stage in 2019 as the frontman for the Apple TV app, in a pair of dark-wash jeans and an untucked gray button-down.

☆ Jim Cramer goes over the best and worst Q3 performers in the S&P 500
▼ + stars: | 2022-10-11 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

In this article CEGENPHETSYNFLXBIIBVFCCTLTLUMNFDX Follow your favorite stocks CREATE FREE ACCOUNTwatch nowCNBC's Jim Cramer on Tuesday gave his take on the winning and losing stocks in the S&P 500 during the third quarter. WinnersZoom In Icon Arrows pointing outwardsConstellation Energy Cramer said that the company is "perfectly crafted" for the ESG movement. Netflix The company's stock should be able to continue gaining if Netflix doesn't botch the launch of its ad-supported tier, he predicted. Biogen Cramer said he has faith in the company's Alzheimer's drug, though he believes Eli Lilly's will be better. VF Corp Cramer said he has no faith in the apparel stock's ability to rally in the current inflationary environment.

☆ Goldman says one major issue will plague earnings season. But these stocks won't be affected
▼ + stars: | 2022-10-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

As Wall Street kicks off third-quarter earnings this week, Goldman Sachs expects investors will likely hear one major issue come up again and again during management calls: the stronger dollar. "The most common phrase during upcoming 3Q earnings calls will be 'but on a constant currency basis ...'" Kostin wrote. Goldman Sachs forecasts EPS, excluding energy, to decline by 3% and margins to narrow by 132 basis points (1.32 percentage points). Here are 11 stock picks that won't be hurt by the stronger dollar. By contrast, Goldman Sachs said names that will be hurt by a stronger dollar include Las Vegas Sands , Philip Morris International and Aflac .

☆ Buy these 'free cash flow favorites' as the S&P 500 prepares to test the June lows
▼ + stars: | 2022-09-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Evercore ISI analysts recommend "patient accumulation" of its collection of free cash flow favorites. The stocks on its list are geared toward value, have strong free cash flow and shareholder return profiles and lower volatility. Here are 10 of the names: Synchrony Financial has generated a free cash flow (FCF) yield of 47.5% over the past 12 months and a shareholder return of 28.8% over same period. GoDaddy and Dell Technologies are among the smaller names by market cap on the Evercore ISI list. GoDaddy's free cash flow yield is about 7.5% while Dell's is 9.6%.

☆ Charter CEO Tom Rutledge to Retire After Leading Cable Firm for Decade
▼ + stars: | 2022-09-21 | by ( Patience Haggin | ) www.wsj.com time to read: 1 min

Charter Communications Chief Executive Tom Rutledge is retiring from the company he has led for the past decade, a time of acquisitions that transformed the cable operator into the industry’s second-largest company. Charter said Wednesday that Chris Winfrey , its current chief operating officer and former finance chief, would become the company’s next CEO, effective Dec. 1. Mr. Rutledge is to serve as executive chairman until November 2023, when his contract is up, and maintain oversight of Charter’s government affairs.

☆ Charter CEO Tom Rutledge to Retire After Leading Cable Company for Decade
▼ + stars: | 2022-09-21 | by ( Patience Haggin | ) www.wsj.com time to read: 1 min

☆ Tom Rutledge, who turned Charter into a cable powerhouse, to step down as CEO
▼ + stars: | 2022-09-21 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Chairman and CEO of Charter Communications Tom Rutledge speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City. Charter Communications Chief Executive Tom Rutledge will step down on Dec. 1 after a decade at the helm and half a century in the cable industry. Rutledge turned Charter from a relatively small regional cable company into the No. 2 provider in the U.S. by orchestrating an audacious takeover of Time Warner Cable, announced in 2015, for nearly $79 billion including debt. WATCH: Charter CEO Tom Rutledge to step down, will remain exec.

☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
▼ + stars: | 2022-09-21 | by ( Amy Fontinelle | Read More | Read Less | ) www.businessinsider.com time to read: +12 min

Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.

☆ Judge Rules Charter Must Pay $1.15 Billion in Damages to Murder Victim’s Family
▼ + stars: | 2022-09-20 | by ( Emily Glazer | Patience Haggin | ) www.wsj.com time to read: 1 min

Charter Communications says it will appeal the verdict in the case. A Texas judge ordered Charter Communications to pay $1.15 billion in damages for the murder of one of its customers, sharply lowering an earlier jury award, according to a copy of the judgment reviewed by The Wall Street Journal. In July, a jury held that Charter was responsible for the 2019 robbery and murder by a Charter employee and awarded punitive damages of $7 billion to the victim’s family.

☆ Goldman says own these frugal stocks with corporate profitability under siege
▼ + stars: | 2022-09-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Corporate profits will continue to be crushed amid high inflation and Federal Reserv e interest rate hikes, according to Goldman Sachs. Already this year, profitability has weakened, with the S & P's ROE declining by 84 basis points in the second quarter. With that in mind, Goldman rebalanced its "ROE Growth" basket, which contains 50 stocks with the highest consensus expected ROE growth during the next 12 months. Charter Communications , Amazon and Nike were among those added to the basket, all with expected ROE growth close to 40%. Among the financial names new to the basket is Allstate , with an expected ROE growth of 28%.

☆ Coca-Cola joins a growing list of corporations giving big money to Biden's inauguration
▼ + stars: | 2021-01-11 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +4 min

Coca-Cola will give $110,000 in cash and products to President-elect Joe Biden's inaugural committee. Boeing, Google, Microsoft, and Comcast are other corporations with significant business before the federal government that have given the Biden inauguration money. Biden's inauguration is still scheduled for January 20 despite the January 6 attack on the US Capitol. Andreas Zeitler/Shutterstock.comOther big corporations giving to Biden inaugurationBoeing in December confirmed to Insider that it was giving the Biden inauguration $1 million. A spokesperson for the Biden inauguration did not immediately return a request for comment.

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