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Portfolio Manager Arcese joined Foord in 2014, and currently manages the Foord Global Equity fund and Foord SICAV - Foord International Fund. Join CNBC for the next installment of Pro Talks on Thursday, October 20 at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m. Check out our previous Pro Talks: CNBC Pro Talks: Asset manager Neil Veitch on top picks — and stocks to avoid — as volatility persists Is 'super cheap' Meta a buy or a miss? Portfolio Manager Arcese joined Foord in 2014, and currently manages the Foord Global Equity fund and Foord SICAV - Foord International Fund. Join CNBC for the next installment of Pro Talks on Thursday, October 20 at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't know if this is the bottom for stocks, says Independent Solution's Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'The Exchange' to discuss if today's market action feels like a bottom, Meek's top stock picks, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Jake Dollarhide and Paul Meeks on their bull-or-bear case for MetaJake Dollarhide, CEO of Longbow Asset Management, and Paul Meeks, portfolio manager at Independent Solutions Wealth Management, weigh in on whether investors should buy or avoid Meta.
These are tumultuous times for Meta , with investors fleeing the stock and the metaverse having its fair share of struggles and other economic headwinds. The stock in late September plunged to trade at its lowest since January 2019 — and has since dropped even more. Users are jumping ship and advertisers are reducing their spending, leaving Meta poised to report its second straight drop in quarterly revenue. Meta also lost $2.81 billion on $452 million in revenue from its virtual reality division during the quarter ending in June — as it spent heavily to develop virtual reality and augmented reality products. Two tech investors faced off on CNBC's " Street Signs Asia " on Wednesday to make a case for and against buying the stock.
WASHINGTON — President Joe Biden's plan to forgive $10,000 in federal student debt for most borrowers will cost the government about $400 billion over 10 years, the nonpartisan Congressional Budget Office said in an estimate released Monday. The report also noted that the administration plan to extend a pause on federal student loans will also cost about $20 billion. The Committee for a Responsible Federal Budget, a group that advocates for lower deficits, said the CBO's predictions confirm "the outrageous cost" of Biden's student loan plan. "The Biden Administration’s student debt bailout is even more expensive than we initially thought," tweeted Rep. Andy Biggs, R-Ariz. "The current bailout will cost Americans $420 BILLION, according to the CBO. Rep. Mariannette Miller-Meeks, R-Iowa, tweeted, "President Biden isn’t forgiving student loans—he’s charging hardworking Americans $400 billion."
Seeking opportunities in beaten-down tech stocks
  + stars: | 2022-09-23 | 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 EmailSeeking opportunities in beaten-down tech stocksPaul Meeks, Independent Solutions Wealth Management, and CNBC's Deirdre Bosa join CNBC's Frank Holland and the 'CNBC Special: Markets in Turmoil' to discuss where to go bargain hunting in the tech space.
As market volatility persists, join CNBC's Karen Tso in conversation with Neil Veitch, investment director at SVM Asset Management, as he shares his views on what's next for markets, his top stock picks and which countries look attractive right now. With holdings spanning Big Tech, semiconductors, energy, autos and more, we'll ask Neil for his highest conviction calls, as well as which stocks he thinks investors should avoid. Here's what top tech investor Paul Meeks says Related coverage from Pro: Looking for a short-term trade? With holdings spanning Big Tech, semiconductors, energy, autos and more, we'll ask Neil for his highest conviction calls, as well as which stocks he thinks investors should avoid. You can watch the Pro Talk here on Thursday, 22nd September at 12:30 p.m. BST / 7:30 p.m.
Rising fuel costs, the possibility of stricter emissions regulations to come, and questions about battery supplies, have all increased the appeal of zero-emission fuel cells. Volvo TrucksVolvo GroupCEO: Martin LundstedtMarket Cap: $32.97 billionHQ: Gothenburg, SwedenVolvo Trucks said in June 2022 it had begun testing hydrogen fuel-cell trucks. In the latter case, Plug Power has provided Amazon with more than 15,000 fuel cells to replace the batteries in its warehouse forklifts since 2016. Plug just signed a new deal to provide the behemoth with the liquid hydrogen necessary to run its fuel-cell vehicles starting in 2025. As part of a deal with Weichai group, Ballard is building fuel cells in China to power fuel-cell vehicles in that market.
But as stock markets slid, one exchange traded fund in particular outperformed: the ProShares Ultra VIX Short-Term Futures ETF (UVXY), which rose over 13% last week. UVXY is a inverse volatility ETF with a track record of outperformance in times of extreme market volatility. "Moreover, the challenge is timing these rare spikes with precision, which I believe to be nearly impossible," he cautioned. It's fared even worse on a long-term basis, highlighting why the instrument is more suited as a short-term trade. The ETF has the very important benefit of not consistently producing large negative returns over time, as is the case of UVXY," he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC PRO Talks: Fund manager Paul Meeks on what’s next for the tech sectorCNBC’s Will Koulouris spoke to Paul Meeks, portfolio manager at Independent Solutions Wealth Management, to discuss tech stocks that can be building blocks to “build back better” in the sector and what’s ahead for investors.
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