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☆ A fund manager beating 90% of peers in 2023 after getting crushed last year shares the unconventional investing philosophy that sets him apart — and why Nvidia and these 5 other stocks will keep domin
▼ + stars: | 2023-10-13 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Six of the eight top holdings in his Virtus Silvant Large-Cap Growth Fund (STCIX) are among the top 20 performers in the S&P 500 this year. That performance is quite the departure from last year, where Sansoterra's fund fell more than 29%, yet still managed to finish in the top half of its category. "They're there, but they're just a little bit harder to find." "And a lot of money managers are quality growth, GARP-y growth, momentum growth, high beta growth, et cetera. Indeed, Sansoterra's fund has posted solid relative returns in almost every imaginable environment, data from Morningstar shows.

Persons: Michael Sansoterra's, Eli Lilly, Sansoterra, Sandeep Bhatia, haven't, it's, doesn't Organizations: Virtus Silvant, Growth, Nvidia, Meta, Morningstar, Silvant Capital Management

☆ Bank of America: Buy these 10 stocks set to shatter expectations after earnings growth accelerated in the third quarter
▼ + stars: | 2023-10-12 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Earnings will rise in Q3 and bring stocks along for the ride, according to Bank of America. Earnings estimates haven't budged in the last three months, which is better than the typical 4% pre-quarter drop. 10 stocks set for success as Q3 earnings reboundProfits have exceeded GDP by an average of 1.5 percentage points since 1950, according to BofA. Bank of AmericaHowever, Bank of America is confident that a new quarter will bring a clean slate for earnings. Below are 10 stocks that Bank of America believes are most likely to beat expectations in Q3.

Persons: Ohsung Kwon, Savita Subramanian, there's, Kwon, Subramanian, BofA Organizations: Bank of America, Wall, Bank of America Companies, Bank, Companies

☆ A veteran strategy chief says investor pessimism is fueling a contrarian market rally, and these 4 investments will be the biggest winners
▼ + stars: | 2023-10-11 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Soaring interest rates and a slowing economy sent US stocks plummeting to their 52-week lows last October. Twelve months later, the S&P 500 has been smacked once again by lingering concerns about interest rates and a recession. The index just hit an oversold level not seen since last fall, Truist co-investment chief Keith Lerner remarked in a recent note. Instead, investors should stay focused on interest rates, Lerner said. 4 top places to put your money nowTruist is bullish on both growth stocks and stocks in economically sensitive sectors.

Persons: Truist, Keith Lerner, Goldman Sachs, Lerner, offsides, doesn't, Israel aren't, they're Organizations: Truist, Investors, Bank of America, Federal, Energy Locations: Russia, Ukraine, Israel

☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

☆ Goldman Sachs: Buy these 12 stocks for double-digit earnings upside in 2024 as markets rebound from a lost year for profit growth
▼ + stars: | 2023-10-09 | by ( James Faris | ) www.businessinsider.com time to read: 1 min

Corporate earnings have barely budged this year but are expected to jump in 2024. Goldman Sachs says investors are overlooking several stocks with sizable earnings potential. Here are 12 stocks with forward profit estimates that are at least 10% too low. Although US stocks have struggled in recent weeks, they've fared rather well considering that corporate earnings growth will likely be close to zero by the end of the year. This story is available exclusively to Insider subscribers.

Persons: Goldman Sachs, they've, it's

☆ 'It's just a matter of time': After predicting the financial crisis, 'Oracle of Wall Street' Meredith Whitney shares the biggest risk she sees for the housing market — and 4 states where homeowners wi
▼ + stars: | 2023-10-08 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Instead, the CEO of the eponymous investment research firm Meredith Whitney Advisory Group is concerned that the US housing market will face a correction in the coming years. Baby boomers may cause home values to sinkWhitney believes property prices are destined to fall under pressure as demographic shifts reverse deep-rooted supply-demand dynamics. An unprecedented pace of property price growth has disproportionately benefited baby boomers and the silent generation. However, Whitney said that an aging US population won't cause the housing market to crash overnight. While Whitney reserves her full insights for clients, she named four states where property prices will eventually weaken: Pennsylvania, Connecticut, New Jersey, and Illinois.

Persons: Meredith Whitney, Oppenheimer, Meredith, Whitney, haven't, CoreLogic There's, That's, you've, that's, it's Organizations: Citigroup, Advisory, National Association of Realtors Locations: Statista, Pennsylvania, Connecticut , New Jersey, Illinois, Texas

☆ 'There's no greater canary in the coal mine': Renowned energy analyst Paul Sankey shares why oil prices will continue to nosedive — and 4 stocks that can hold up anyway
▼ + stars: | 2023-10-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.

Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio

☆ Goldman Sachs: These 40 stocks have the biggest upside right now ahead of a Q4 market rally — including one that could rise over 175%
▼ + stars: | 2023-10-04 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Goldman Sachs believes the S&P 500 will find a floor and reverse course in the next few months. Here are 40 high-upside stocks to buy as markets rally again. But after the S&P 500 soared nearly 16% in the first half of the year it feels like a disappointment. Higher interest rates and bond yields hampered stocks in the late summer and early fall, culminating in a 4.9% decline in September. Despite the drop, Goldman Sachs is sticking with its mid-year price target of 4,500 for the S&P 500, which is about 6% higher than current levels.

Persons: Goldman Sachs, David Kostin Organizations: Wall

☆ History says there's a 95% chance that US stocks rise from here despite recession calls, and Bank of America shared 4 investments to make as the market recovers from its September slump
▼ + stars: | 2023-10-03 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

However, higher-for-longer rates don't always crush valuations and earnings, Bank of America strategists recently noted. In fact, the firm found that the S&P 500 had a 15% total return per year from 1985 to 2005 with inflation-adjusted rates at 3.5%, which is far above today's 2% rate. "Historically, when the indicator has been here or lower, 12m forward S&P 500 returns were positive 95% of the time (vs. 81% overall) with a median return of 21%," Subramanian wrote. The Charlotte-based firm recently raised its year-end price target for the S&P 500 to 4,600, which implies 7.5% upside. The S&P 500 is top-heavy and expensive, which Bank of America thinks makes funds following the equal-weight version of the index more compelling.

Persons: That's, Savita Subramanian, BofA's, Subramanian, Financials Organizations: Bank of America, Federal Reserve, Bank of America's, of America, SSI, Bank of, Energy Locations: Charlotte

☆ Make these 9 investments now to capitalize on volatility and investor fears, according to a manager behind a top-7% fund in the last 15 years
▼ + stars: | 2023-10-01 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

Criticisms of small caps abound, though Hartman doesn't see any of them as valid reasons to ignore the group entirely. But to Hartman, those perceived flaws can actually be sound reasons to invest in small caps. "In the small-cap and micro-cap market, there's a lot of volatility," Hartman said in a recent interview with Insider. The small-cap fund also seemingly has no limit on the number of stocks it can hold. Investors can play the industrials sector with commercial aerospace stocks, Hartman said.

Persons: Brendan Hartman, Royce, Hartman, there's, It's, aren't, Russell, Garrett, Modine, he's, Garrett Motion Organizations: Opportunity, Microsoft, Haynes International, VSE Corp, Modine Manufacturing, Honeywell Locations: Taiwanese, industrials

☆ These are the 10 best cities for apartment dwellers as mortgage rates stay oppressively high — and the 3 housing markets where buying a home is actually cheaper than renting
▼ + stars: | 2023-09-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Lower rent prices and multi-decade-high mortgage rates mean that it's smarter to rent than buy in most large US cities right now, according to Realtor.com. Disparities between buying and renting stemmed from a split in how median costs changed in the last 12 months. "The advantage of renting became more pronounced in all rent-favoring markets," Xu and Hale wrote. But there were three cities where buying was actually cheaper than renting in August, according to Realtor.com: Memphis, Tennessee; Pittsburgh, Pennsylvania; and Birmingham, Alabama. Below are the 10 metro areas where renting makes more sense than buying right now, along with the median rent, the median monthly cost of buying and how it compares to renting, and the year-over-year changes for renting and buying.

Persons: Jiayi Xu, Danielle Hale, Xu, Hale, Realtor.com, Freddie Mac Locations: Realtor.com, Memphis , Tennessee, Pittsburgh , Pennsylvania, Birmingham , Alabama

☆ A record number of Americans are shelling out one-third of their income on rent right now — but apartments in these 47 cities are getting increasingly affordable
▼ + stars: | 2023-09-28 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

The silver lining is that rent growth for a one-bedroom setup rose by just 0.5% year-over-year, which is by far the lowest rate in the last 12 months. 47 cities where rent is fallingFurther evidence that rent growth has cooled is found in Zumper's monthly list of the 100 largest US real estate markets. Only 43 of those cities saw rent rise from September 2022, while the remainder saw year-over-year growth either flatline or go negative. Below are 47 markets where the median rent for a one-bedroom apartment is more affordable now than it was in 2022, according to Zumper. Along with each location are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Zumper, would've, Georgiades, they're Organizations: Harvard

Sports has become a hot category for venture-capital investors in recent years. While other private investors like private equity firms have set their sights mainly on teams and leagues — looking to cash in on the rising costs of media rights and the growth of live events — early-stage investors are pouring money into startups innovating in areas like sports betting, esports, sports technology, analytics companies, NIL, and more. Insider is highlighting prominent venture-capital investors who are funding startups in sports. Insider compiled this list of investors based on our own reporting as well as nominations we vetted from readers and industry experts. Here are the 26 venture capital and other early-stage investors — listed alphabetically by company — that have made prominent investments in sports in 2023:

Persons: Brad Farkas, Pareek, Jake Paul, Joey Levy's Organizations: HBSE Ventures, trampolines

☆ Buy these 5 high-upside stocks now before they pop, according to a 15-year investing veteran — including one that could soar over 50% by Halloween
▼ + stars: | 2023-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Like other technical analysts, Salama sees wisdom in mirroring the crowd, but trend-following indicators can also provide crucial contrarian buy or sell signals. Stocks have downward momentum, and the SPY just fell through the 434 level, which Salama said was key technical support. The value of the SPY is roughly one-tenth that of the S&P 500, so that corresponds to a break below 4,344 for the index. The SPY, a popular ETF mirroring the S&P 500, is oversold, according to the RSI (in blue). 5 high-upside stocks to buy nowAfter outlining his market outlook, Salama shared five stocks he's bullish on right now and gave a price target for each.

Persons: John Salama, he's, Salama, it's, they've, he'd, David Keller, Salama doesn't Organizations: Maverick, RSI, Trust, Wall Street, Bloomberg

☆ Goldman Sachs: Buy these 22 stocks that will continue to outperform as higher interest rates worsen the September selloff
▼ + stars: | 2023-09-26 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Stocks have slipped in September as interest rates, bond yields, and oil prices increase. The Federal Reserve plans to keep interest rates high to stop persistent inflation. Here are 22 stocks that Goldman Sachs believes are well-positioned to benefit from elevated rates. There are several serious threats to US stocks right now, including high interest rates, as well as rising bond yields and oil prices. Each was addressed in a September 22 note from David Kostin, the chief US equity strategist at Goldman Sachs.

Persons: Goldman Sachs, David Keller, David Kostin Organizations: Federal Reserve

☆ 'We've reached a new level of narcissism': Long-time bear David Rosenberg explains why a recession is still coming — and names 7 investments that can save investors from the pain
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Rosenberg continued: "But it's a false debate because the choice isn't between a soft landing and a recession. Consumers are the lifeblood of the US economy, and if they're forced to cut back on spending, Rosenberg thinks growth would quickly turn negative. Investors nervous about the economy should target stocks in four defensive parts of the market, Rosenberg said: consumer staples, healthcare, telecommunications, and utilities. "As growth is scarce, you want to own what's scarce, so you want to own growth stocks," Rosenberg said. "I'm probably much more bullish on growth than I am on value because value is very cyclical, and growth stocks tend to be valued on a longer-term earnings profile."

Persons: David Rosenberg, Rosenberg, we've, Rosenberg isn't, hasn't, nonfarm payrolls, that's, Uncle Sam, " Rosenberg, they're, couldn't, he's, he'd Organizations: Federal Reserve, Rosenberg Research, Technology, Fed Locations: YOLO

☆ 'There's a significant number of upside opportunities': A top-3% fund manager shares 9 of his favorite investments to make now — and why China's economy is in big trouble
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Leading fund manager Mark Costa operates in one of the toughest parts of global markets: the foreign small- and mid-cap value category. In the past decade, his Brandes International Small Cap Value Fund (BISAX) has outperformed 91% of its peers despite logging a modest 4.8% annual return in that span. Of the 11 years that Costa has co-managed the fund, 2023 is shaping up to be one of the best. His foreign-focused small-cap value fund is up 25.3% year-to-date compared to 6% for its index, which puts it in the top 3% of its category, according to Morningstar. The best opportunities Costa sees in Japan are in its regional banking and healthcare industries.

Persons: Mark Costa, he's, Brandes, Costa, Morningstar, Costa wasn't, we've, Yue Yuen, We've, they've Organizations: Costa, Value, PAX, Companies, Royce, C Locations: China, it's, Hong Kong, Indonesia, People's Republic, Europe, Japan, United Kingdom

☆ 'I don't believe in fairy tales': A veteran economist shares 10 overlooked reasons why the US economy is bound to contract, even as Wall Street bails on recession calls
▼ + stars: | 2023-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"I don't believe in fairy tales, and I don't believe in new eras," Rosenberg said in a recent interview with Insider. The resumption of student loan payments this fall will also cut into spending, Rosenberg predicted. As excess stimulus erodes, the consumer savings rate is sliding. Higher oil and gas prices are also hurting consumers, Rosenberg said. "And they need the money because they're seeing strains on their finances from this 525 basis point runup in rates start to bite into their debt service capacity."

Persons: David Rosenberg, Rosenberg, they've, Rosenberg doesn't, it's, Louis Organizations: Bank of America, Rosenberg Research, Federal Reserve, of Locations: Saudi Arabia

☆ Buy the dip in Nvidia and make these 5 other investments now while stocks struggle, according to a long-time chart guru who called last month's market pullback
▼ + stars: | 2023-09-21 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

A bearish head-and-shoulders pattern has formed in the S&P 500, Keller said in a recent interview with Insider. The S&P 500 is in a head-and-shoulders pattern and could soon fall to around 4,100. His early August warning that stocks will slide was correct, though the S&P 500 didn't give up as much of its summer rally as the chart guru predicted. Outside of technology, Keller likes stocks in the utilities and energy sectors — specifically those in the oilfield services industry. The recent rebound of utilities, a defensive stalwart, is another signal that more market downside is likely ahead, Keller said.

Persons: chartmaster David Keller, Keller, StockCharts.com, we've, David Keller, Keller's, he's, it's, Keller didn't Organizations: Labor, Nvidia, Utilities, Energy, VanEck Oil Services

☆ These are the 10 most affordable US cities to live in with mortgage rates near multi-decade highs, according to Bank of America
▼ + stars: | 2023-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Mortgage rates are at their highest levels since the early 2000s after slipping late last year, while home price growth has ticked back up this summer after steadily falling from its pandemic peak. Mortgage rates are near multi-decade highs right now. Many people are bailing on big, pricey citiesBut not all US cities are equally affected by lofty mortgage rates and elevated property prices. 10 highly affordable US citiesProspective property owners priced out of costly cities and squeezed by historically high mortgage rates may want to look at homes in the most affordable US markets. Below are the 10 US markets with the highest affordability values as of the most recent data, according to Bank of America and the National Association of Realtors.

Persons: Freddie Mac, BofA Organizations: Federal Reserve, Bank of America, National Association of Realtors ., Denver, The Sunshine, National Association of Realtors, NAR Locations: San Jose , Los Angeles, Anaheim, National Association of Realtors . Florida, Colorado, Miami, Naples, Boulder, Angeles, New York, San Francisco, Seattle, Jacksonville , Florida, Columbus , Ohio, Austin , Texas, San Antonio , Texas, Tampa , Florida, Orlando , Florida

☆ 'Insanity upside potential': A hedge fund manager up 734% since the start of 2019 highlights the best investing opportunity he's ever seen — and explains why the remarkable oil rally will gain steam
▼ + stars: | 2023-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Renewed optimism about the economy calmed demand concerns while expectations of the largest oil production cuts since 2007 started to sap supply. Saudi Arabia and its OPEC allies refuse to boost oil production, much to the chagrin of the US. And so that's why I think it's just really, really interesting. Boosting uranium production takes years, he added, so it may take years to fix the shortage. Oil-adjacent stocks are the second-largest part of the Praetorian Capital Fund, Kupperman said.

Persons: Harris Kupperman, Kupperman, it's, I've Organizations: Energy, OPEC, Praetorian Capital Management, Capital Fund, Uranium Trust Fund, Praetorian Capital Fund, drillers, Offshore Locations: Saudi Arabia, Kazakhstan, Uzbekistan, Russia, Ukraine

☆ These 28 stocks will be the biggest winners from rising interest rates, according to a strategy chief who believes this market rally will continue to defy expectations
▼ + stars: | 2023-09-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

"Instead, we have found that returns tend to be slightly below average and interestingly a bit less volatile compared to lower interest rate levels." "Our work shows that US stocks can perform quite well in a higher interest rate environment despite perceptions to the contrary," Belski wrote. US interest rates are set between 5.25% and 5.5%, which is the highest range since mid-2007. Federal ReserveAfter decades of dormancy, it's unsurprising that many investors have misconceptions about interest rates' impact on stocks. Investors can continue to ride this market rally by targeting stocks with limited leverage and plenty of free cash flow since interest rates are still high.

Persons: Brian Belski, they've, Belski, they're Organizations: BMO Capital Markets, BMO, Federal, Technology, BMO Capital, BMO wasn't, Investors

☆ A top-12% portfolio manager over the last 5 years shares how he finds unloved stocks trading at massive discounts — and 6 of the top opportunities in markets right now
▼ + stars: | 2023-09-16 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Value investing can be challenging, humbling, and even lonely, as fund manager Sam Peters has learned over the last three decades. Markets are usually efficient, Peters acknowledged, meaning that stocks usually trade near their fair value. Thanks to this method, Peters' portfolio often has an unconventional combination of companies that offers diversification with the potential to compound abnormally large returns over time. Peters added: "I think we're going to be in a higher nominal rate environment, higher inflation environment, higher rate environment. Such a setup would favor value stocks over their growth peers, Peters said.

Persons: Sam Peters, Peters, he's, Morningstar, it's, we're, Johnson, They're, ROE, there's, Noble, Toby Rice Organizations: Trust Fund, Healthcare, Johnson, UnitedHealth, Insurance, International Group, AIG, Trust Locations: financials

☆ A 39-year market veteran shares why this market rally is only beginning and stocks are destined to hit new record highs in the coming months — and the 5 best ways to take advantage of it
▼ + stars: | 2023-09-15 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Market volatility (bottom half) spiked during the downturn but has steadily receded during the rebound despite a late-summer hiccup. Tim Hayes, Ned Davis ResearchHayes believes that a healthy reset shook out much of that euphoria without leaving lasting damage. History says this market rally has plenty of room to runThe final three months of the year have historically been the friendliest to stocks, Hayes said. Tim Hayes, Ned Davis Research"It doesn't follow the script precisely," Hayes said. The forthcoming market rally should broaden out, the strategist said, which should boost parts of the market that haven't participated as well, including economically sensitive small companies and sectors.

Persons: Ned Davis, Tim Hayes, who's, Ned Davis Research Hayes, " Hayes, Hayes, Morgan Stanley, Mike Wilson's, David Lundgren, they've, There's, He's, haven't, they're Organizations: Ned, Ned Davis Research, Technology Locations: China, United Kingdom, Canada, Japan

☆ These are the 10 most undervalued real estate markets in America right now, according to a housing data provider
▼ + stars: | 2023-09-14 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Price growth for US homes bounced back this summer from its lowest level in over a decade, according to a new report from real estate data provider CoreLogic. Rising mortgage rates have hurt mortgage demand. 10 undervalued markets for homebuyers to look in nowIn addition to sharing their latest Home Price Index report, CoreLogic also shared exclusive data with Insider about which US housing markets are most undervalued right now. Below are 10 undervalued metropolitan areas in the US, according to CoreLogic, along with each's home price index change from the last 12 months as of July and forecasted home price index change. The cities are listed in descending order by expected home price index change.

Persons: Price, Selma Hepp, Hepp, CoreLogic Organizations: Mortgage, New, West : Locations: California , Washington, Massachusetts, Miami , Florida, St, Louis , Missouri, Detroit , Michigan, Northeast, Vermont, New Hampshire, New Jersey, West, West : Idaho, Nevada, Montana, Washington, Arizona, Utah, Oregon, Colorado, Texas, Wyoming, California, CoreLogic

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