Julius Baer first-half adjusted net profit slumps to 391 million Swiss francs

A sign sits on a wall outside the offices of Julius Baer Group Ltd. in Geneva, Switzerland. Swiss private bank Julius Baer posted a 19% decline in adjusted net profit in the first six months of 2019 as tepid trading continued from its wealthy clients, a dip it nonetheless hailed as a pick-up from challenging conditions late last year. Julius Baer’s adjusted net profit was at 391 million Swiss francs ($397.52 million) in the first half of 2019 – a 19% drop on the year but an 18% increase compared


A sign sits on a wall outside the offices of Julius Baer Group Ltd. in Geneva, Switzerland. Swiss private bank Julius Baer posted a 19% decline in adjusted net profit in the first six months of 2019 as tepid trading continued from its wealthy clients, a dip it nonetheless hailed as a pick-up from challenging conditions late last year. Julius Baer’s adjusted net profit was at 391 million Swiss francs ($397.52 million) in the first half of 2019 – a 19% drop on the year but an 18% increase compared
Julius Baer first-half adjusted net profit slumps to 391 million Swiss francs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22
Keywords: news, cnbc, companies, net, million, francs, swiss, baer, adjusted, growth, months, julius, bank, 2018, slumps, half, firsthalf, profit


Julius Baer first-half adjusted net profit slumps to 391 million Swiss francs

A sign sits on a wall outside the offices of Julius Baer Group Ltd. in Geneva, Switzerland.

Swiss private bank Julius Baer posted a 19% decline in adjusted net profit in the first six months of 2019 as tepid trading continued from its wealthy clients, a dip it nonetheless hailed as a pick-up from challenging conditions late last year.

Switzerland’s third-largest listed bank has recently contended with negative interest rates, choppy markets, and risk-averse clients, as well as lackluster growth from its Italian subsidiary Kairos, which saw outflows in the first six months related to a decline in fund performance last year.

Julius Baer’s adjusted net profit was at 391 million Swiss francs ($397.52 million) in the first half of 2019 – a 19% drop on the year but an 18% increase compared with the second half of 2018.

“Profitability has markedly improved compared to the second half of 2018, as we saw client activity and asset valuations recover substantially,” outgoing chief executive Bernhard Hodler said.

“The cost-reduction program we initiated earlier this year is on track, and we will see its effects materialize in the coming months and throughout 2020, as targeted,” he added.

Hodler is due to be replaced by the bank’s current head of intermediaries and global custody, Philipp Rickenbacher, in September.

While Baer’s overall inflows have picked up since late 2018, margins have been under pressure.

In February the bank scaled back growth targets and announced large-scale cost cuts after a tough end to 2018 caused it to miss its goals.

It said on Monday the program, which aims to save around 100 million Swiss francs by cutting its workforce by around 2% and moving out of less attractive markets, was on track.

It is aiming to hit an adjusted cost-income ratio below 68% by 2020, an improvement on the 71.0% posted through June.

It brought in 6.2 billion Swiss francs in net new money, a 3.2% growth rate that was below its 4-6% target.


Company: cnbc, Activity: cnbc, Date: 2019-07-22
Keywords: news, cnbc, companies, net, million, francs, swiss, baer, adjusted, growth, months, julius, bank, 2018, slumps, half, firsthalf, profit


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Andrew Left’s Citron Capital posted net return of 24.7% in first half of 2019

Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a short seller.” In Citron’s investment letter, the firm said: “While Citron can’t justify Beyond Meat’s (BYND) absurd valuation, we cannot ignore unfavorable technical dynamics (e.g., tight float and high borrow cost). In May, Left said Citron b


Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a short seller.” In Citron’s investment letter, the firm said: “While Citron can’t justify Beyond Meat’s (BYND) absurd valuation, we cannot ignore unfavorable technical dynamics (e.g., tight float and high borrow cost). In May, Left said Citron b
Andrew Left’s Citron Capital posted net return of 24.7% in first half of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17
Keywords: news, cnbc, companies, left, trading, short, investment, citron, andrew, letter, 247, lefts, net, posted, capital, half, shares, meat, return, position, 2019


Andrew Left's Citron Capital posted net return of 24.7% in first half of 2019

Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a short seller.”

Citron said in the letter that the firm was able to find opportunities in the initial public offering market betting against shares of Jumia Technologies and betting on disruptive business models such as Revolve.

Citron also made remarks on its stance in shares of Beyond Meat, which Left in May said on Twitter he was shorting because valuations had become “Beyond Stupid.”

In Citron’s investment letter, the firm said: “While Citron can’t justify Beyond Meat’s (BYND) absurd valuation, we cannot ignore unfavorable technical dynamics (e.g., tight float and high borrow cost). We were able to capitalize on trading around our position in Beyond Meat, which was another top contributor to fund performance during 1H 2019.”

In May, Left said Citron believed Beyond Meat shares would go back to $65 a share. Beyond Meat shares are currently trading around $170 a share.

In June, Left confirmed to CNBC that he had covered his short position in the stock.


Company: cnbc, Activity: cnbc, Date: 2019-07-17
Keywords: news, cnbc, companies, left, trading, short, investment, citron, andrew, letter, 247, lefts, net, posted, capital, half, shares, meat, return, position, 2019


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Amazon Echo is half off on Prime Day: Here’s what you can do with it

The new Amazon.com Inc. Echo Spot, from left, Echo, Echo Plus, and Fire TV devices sit on display during the company’s product reveal launch event in downtown Seattle, Washington, U.S., on Wednesday, Sept. 27, 2017. Daniel Berman | Bloomberg | Getty ImagesAmazon is heavily discounting its Amazon Echo products for Prime Day, which runs through 2:59 a.m. Wednesday ET. Before we get started, make sure you have the Amazon Alexa app for iPhone or Android. Call people with EchoYou can use the Amazon E


The new Amazon.com Inc. Echo Spot, from left, Echo, Echo Plus, and Fire TV devices sit on display during the company’s product reveal launch event in downtown Seattle, Washington, U.S., on Wednesday, Sept. 27, 2017. Daniel Berman | Bloomberg | Getty ImagesAmazon is heavily discounting its Amazon Echo products for Prime Day, which runs through 2:59 a.m. Wednesday ET. Before we get started, make sure you have the Amazon Alexa app for iPhone or Android. Call people with EchoYou can use the Amazon E
Amazon Echo is half off on Prime Day: Here’s what you can do with it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: todd haselton
Keywords: news, cnbc, companies, echo, app, half, button, alexa, menu, ask, heres, timer, day, say, uber, amazon, prime


Amazon Echo is half off on Prime Day: Here's what you can do with it

The new Amazon.com Inc. Echo Spot, from left, Echo, Echo Plus, and Fire TV devices sit on display during the company’s product reveal launch event in downtown Seattle, Washington, U.S., on Wednesday, Sept. 27, 2017. Daniel Berman | Bloomberg | Getty Images

Amazon is heavily discounting its Amazon Echo products for Prime Day, which runs through 2:59 a.m. Wednesday ET. The cheapest model, the Echo Dot, is only $22 (it’s usually $50), while the full-sized model is only $50 (it’s usually $100). If you’re on the fence, realize that you can do a lot more with the Echo than just asking Alexa the weather. You can use an Echo for many things, including calling people, booking an Uber, ordering stuff from Amazon and even setting it up to double as an in-home intercom if you own several devices. Before we get started, make sure you have the Amazon Alexa app for iPhone or Android. You’ll be using that app to take advantage of some of the tricks in this guide. Here is a bunch of fun things you can do with the Echo.

Call people with Echo

You can use the Amazon Echo to call phone numbers or anyone with an Amazon Echo. To call a phone number, you’ll first want to make sure that person is in your Alexa address book. To check: Open the Amazon app

Tap the menu button then tap “Contacts.” Once you’ve confirmed someone is in your address book, you can call them by asking Alexa to call a specific person’s phone or Echo. Here are the commands to try. (I put my own name in, but swap it out for the person you’re trying to call): “Call Todd Haselton’s Mobile.”

Or you can call your contact’s Echo by saying “Call Todd Haselton’s Echo.”

Send voice messages

You can send voice messages to friends or family with an Echo, too. It’s kind of like leaving a voicemail, but your friends will get an alert on their Echo that they have a new voice message. Then, when they see the alert, they can ask their Echo to play it. To send a voice message: Say “Alexa, send a voice message to Todd Haselton.”

Speak your message.

Alexa will confirm you want to send the message.

Say “Yes.”

If you’ve received a message, say “Alexa, listen to my messages.”

Use your Echo as an in-home intercom

Source: Amazon

If you have multiple Echos around your house, you can use them as an in-home intercom system. You might want to do this to call the kids down to dinner, for example. Here’s how to do that: Say “Alexa make an announcement.”

Speak your announcement by saying something like “Hey everyone, dinner’s ready!”

Alexa will make an announcement to all of the Echos in your house with the message you spoke.

Book an Uber or Lyft with your Echo

If you’re at home and want to get a ride somewhere, you can ask Alexa to get you an Uber or a Lyft. You need to install either the Uber or Lyft skill first. Here’s how to book a ride with Echo. Open the Alexa app on your phone.

Tap the menu button on the top left of the app.

Tap “Skills & Games.”

Search for Uber or Lyft.

Tap Enable Skill and link your Lyft or Uber account.

Now ask Lyft or Uber for a ride by speaking “Alexa, ask Lyft for a ride” or “Alexa, ask Uber to request a ride.”

Alexa will tell you how far the nearest Lyft driver or Uber driver is. You can then confirm you’d like a ride.

Order something from Amazon by voice

You can use your Echo to order goods from Amazon. Sometimes, like during Black Friday, Amazon even offers exclusive deals through the Echo. To order stuff from Alexa: Say something like, “Alexa order soap.”

Alexa will begin to list items that you might be interested in, including products from previous orders, and the price. Say “yes” to confirm you’d like to buy that item, or “no” to hear another item Alexa recommends. Tell Alexa to stop if you don’t want to hear more recommendations.

You can also order specific goods by speaking something like “Alexa, order me an Amazon Echo Plus.” Alexa will confirm the price before you decide to buy it or not.

Get a ‘flash briefing’ of news you care about

You can get a flash briefing from certain news sites you follow, including CNBC, the AP and BBC. Customize your Flash Briefing by doing this: Open the Alexa app on your phone.

Tap the menu button on the top left of the screen.

Choose “Settings.”

Tap “Flash Briefing.”

Toggle the news sites you want to hear news from and tap “+” to add new sources.

Now, say, “Alexa play my flash briefing.”

Alexa will give you the highlight news from the sources you’ve picked.

Play shows on your Amazon Fire TV

The Amazon Fire TV Cube in a living room Amazon

If you own a Fire TV, you can connect your Echo to the Fire TV so that you can ask Alexa to play specific shows or movies. You don’t even have to touch the remote. Open the Alexa app on your phone.

Tap the menu button on the top left of the page.

Tap “Settings.”

Choose “TV & Video.”

Tap the + button next to Fire TV.

Tap “Manage Devices.”

Choose “Link another device.”

Choose the Fire TV in your house you’d like to link your Echo with.

Tap “Continue.”

Choose the Alexa devices to link the Fire TV with. You can select multiple Echos.

Tap “Link Devices.”

Now speak a command like, “Play Man in the High Castle on Fire TV.”

Create a Routine

Set an Alexa routine to perform functions after your alarm is dismissed. Todd Haselton | CNBC

Amazon recently launched a new Alexa featured called “Routines.” When you speak a certain preset command, like “Alexa, good morning,” you can set Alexa to perform certain actions, like read you the weather, start playing music and tell you how long it will take you to get to work. Here’s how to create a custom morning routine, but you can change any of these steps to make something else, too. Open the Alexa app on your phone.

Tap the menu button on the top left of the app.

Tap “Routines.”

Tap the top button that says “When this happens.”

Choose “Voice.”

Enter the phrase “Good morning.”

Tap “Save.”

Now choose “Add action.”

Tap “Weather.”

Tap “Add.”

Now tap “Add action”

Tap “Traffic.”

Now tap “Add action” again.

Tap “Music.”

Enter in an artist, like Bruce Springsteen.

Choose your music provider, such as Spotify.

Tap Next.

Tap “Create.” Now, when you say “Alexa, good morning.” Alexa will tell you the local weather, how long it will take to get to work on your commute, and will then start playing Bruce Springsteen. (Note: if you haven’t set up your commute in the Alexa app yet, you can do this by going to settings > traffic.)

Get a sports update for your favorite teams

Alexa can give you a quick briefing on your favorite teams. First, you need to tell it the teams you follow. To do this: Open the Alexa app on your phone.

Tap the menu button on the top left.

Tap Settings.

Select “Sports.”

Tap Add a Team. ”

Search for your favorite team.

Tap “Save.”

Repeat until you’ve added all of the teams you follow.

Now, speak “Alexa, what’s my sports update?” Alexa will read off the latest scores and upcoming games for each of the teams you follow.

Set a reminder

You can ask Alexa to remind you to do things, too. Say “Alexa, remind me to get candied yams,” or whatever you need a reminder for.

Alexa will ask when it should remind you. Say something like “Today at 3 p.m.”

Alexa will confirm that it will remind you at the preset time.

You can view, edit or add reminders in the Alexa app by tapping the menu button and selecting “Reminders & Alarms.”

Set multiple timers

Alexa can be really useful in the kitchen, particularly if you want to set multiple timers at once. Maybe you need to set the oven to one timer and then create a second timer for something you have cooling in the fridge. To set multiple timers: Say, Alexa set an oven timer for 30 minutes.

Then speak another timer, like, “Set a fridge timer for 1 hour.”

You can check in a timer by saying “Alexa, what’s the oven timer?” Or “Alexa, what’s the fridge timer?”

Alexa will alert you when the specific timer has ended.

Play music in different rooms at the same time

In order: The Echo, the Echo Plus and the original Echo Todd Haselton | CNBC

If you have multiple Echos around the house, you can link them up to play music at the same time in different rooms. I have a “downstairs” group for my Echos, for example, where I have my living room, dining room and kitchen all play the same music. To do this: Open the Alexa app on your phone. Tap Devices icon on the bottom right. It looks like a little house.

Tap the + button on the top right.

Tap “Add Multi-Room Music speakers.”

Create a group name, such as “Downstairs.”

Choose the Echos you want to include in the group, then tap “Save.” Now, you can speak something like “Alexa, play Beethoven downstairs,” and Alexa will play music on the speakers in that group.

Delete your history

A list of the recordings I’ve spoken to Alexa. Todd Haselton | CNBC

Amazon keeps a recording of everything you ask Alexa. For privacy’s sake, you may want to delete those recordings regularly. You can do that two ways. To delete things you said recently, just say “Alexa, delete everything I said today,” or “Alexa, delete what I just said.” To delete everything at once, do this: Visit Amazon’s Device page

Select the menu button to the left of the Echo device you’d like to manage. (The menu button looks like three little dots stacked on top of one another.

Tap “Manage Voice Recordings”

Tap “Delete.”

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: todd haselton
Keywords: news, cnbc, companies, echo, app, half, button, alexa, menu, ask, heres, timer, day, say, uber, amazon, prime


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Impossible Foods sets its sights on Asia, which consumes nearly half the world’s meat

Meatless burger-maker Impossible Foods is looking to expand in Asia — a region with a voracious appetite for meat. According to a 2019 report by the Organisation for Economic Co-operation and Development, and the Food and Agriculture Organization of the United Nations, Asia accounts for more than 46% of the world’s meat consumption. Impossible Foods, which primarily makes plant-based protein products, made their first foray into Asia via Hong Kong about 18 months after launching worldwide. Hong


Meatless burger-maker Impossible Foods is looking to expand in Asia — a region with a voracious appetite for meat. According to a 2019 report by the Organisation for Economic Co-operation and Development, and the Food and Agriculture Organization of the United Nations, Asia accounts for more than 46% of the world’s meat consumption. Impossible Foods, which primarily makes plant-based protein products, made their first foray into Asia via Hong Kong about 18 months after launching worldwide. Hong
Impossible Foods sets its sights on Asia, which consumes nearly half the world’s meat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: stella soon
Keywords: news, cnbc, companies, foods, nearly, meat, sights, sets, half, halla, worlds, asia, plantbased, kong, consumes, market, core, united, impossible, hong


Impossible Foods sets its sights on Asia, which consumes nearly half the world's meat

Meatless burger-maker Impossible Foods is looking to expand in Asia — a region with a voracious appetite for meat.

“Asia is by far the number one focus for us. It is core to our mission; core to our business,” the company’s senior vice president for international, Nick Halla, told CNBC’s “Street Signs ” on Thursday.

According to a 2019 report by the Organisation for Economic Co-operation and Development, and the Food and Agriculture Organization of the United Nations, Asia accounts for more than 46% of the world’s meat consumption.

Impossible Foods, which primarily makes plant-based protein products, made their first foray into Asia via Hong Kong about 18 months after launching worldwide.

Hong Kong has one of the highest meat consumption per capita in the world, according to the University of Hong Kong. Hong Kongers consume a daily average of meat equivalent to about two pieces of 10-oz steak — that’s four times higher than in the United Kingdom, according to the university’s research.

This has meant the California-based company had to adopt a different market strategy for its Hong Kong expansion.

“The first thing we have to do, coming into a new market, is build that credibility that this is not the plant-based product of the past,” Halla said.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: stella soon
Keywords: news, cnbc, companies, foods, nearly, meat, sights, sets, half, halla, worlds, asia, plantbased, kong, consumes, market, core, united, impossible, hong


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Amid swine fever outbreak, China’s pork output in the first half of 2019 falls

China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd. Feng said pork output should have declined by more than 10%. Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Rising pork prices are pushing overall food prices to their highest in years. Total meat output including po


China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd. Feng said pork output should have declined by more than 10%. Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Rising pork prices are pushing overall food prices to their highest in years. Total meat output including po
Amid swine fever outbreak, China’s pork output in the first half of 2019 falls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, bureau, hog, prices, outbreak, half, yuan, chinas, herd, 2019, million, pork, output, swine, amid, falls, fever


Amid swine fever outbreak, China's pork output in the first half of 2019 falls

A hired hand feeds a sow which recently gave birth to a new litter at the Grand Canal Pig Farm in Jiaxing, in China’s Zhejiang province.

China’s pork output fell by less than expected in the first half as the country tackles a devastating disease outbreak, although official data showed conflicting figures on the size of the decline in the hog herd.

China produced 24.7 million tonnes of pork in the first six months of 2019, down 5.5% from a year earlier, according to figures from the National Bureau of Statistics, amid a severe epidemic of African swine fever.

China’s hog herd — the world’s largest — declined 15% from a year ago to 347.61 million head, the bureau said, as pigs died from the virus and farmers held back from restocking.

But figures from the Ministry of Agriculture and Rural Affairs on the same day said the herd had shrunk 25.8% in June from a year earlier, with the number of sows down 26.7%. The ministry does not publish total number of pigs.

Analysts were surprised at the fall in pork output, which showed the pace of decline little changed from 5.2 percent in the first quarter, even as swine fever has spread to every province in China.

“It’s much smaller than expected,” said Feng Yonghui, chief analyst at industry portal Soozhu.com. “The gap between this and the decline in pig herd is too big.”

Feng said pork output should have declined by more than 10%.

The number of slaughtered hogs in the first half fell 6.2% to 313.46 million head, the statistics bureau said.

Others have also questioned official data on China’s hog herd. Four people who supply large farms recently told Reuters as many as half of China’s sows have either died from African swine fever or been slaughtered because of the spreading disease.

African swine fever is not harmful to humans but kills almost all pigs it infects.

Live hog prices were steady through much of the second quarter but began rising “fiercely” in early June, said Feng. Average prices have hit 17.8 yuan ($2.59) per kilogram, up from 14.2 yuan at the end of May.

Retail pork prices reached 26.45 yuan per kg in the final week of June, up 33% on the year, according to weekly data from the Ministry of Agriculture and Rural Affairs, but still some way off the record of 31.56 yuan in June 2016.

Rising pork prices are pushing overall food prices to their highest in years.

Beijing has urged poultry producers to boost output to help supplement the fall in pork production.

Output of poultry meat rose 5.6% in the first six months, while beef output increased 2.4% and lamb output rose 1.4%, the bureau said.

Total meat output including pork, beef, lamb and poultry fell 2.1% in the first half to 39 million tonnes.


Company: cnbc, Activity: cnbc, Date: 2019-07-15
Keywords: news, cnbc, companies, bureau, hog, prices, outbreak, half, yuan, chinas, herd, 2019, million, pork, output, swine, amid, falls, fever


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S&P 500 could rise 15% in the second half: Guggenheim’s Scott Minerd

The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said. The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. Minerd compared current market conditio


The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said. The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. Minerd compared current market conditio
S&P 500 could rise 15% in the second half: Guggenheim’s Scott Minerd Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound
Keywords: news, cnbc, companies, months, world, rates, scott, rise, minerd, 15, half, sp, stocks, 500, 1998, end, guggenheims, second, youre


S&P 500 could rise 15% in the second half: Guggenheim's Scott Minerd

The global chief investment officer at Guggenheim said Monday that he thinks the S&P 500 could rise 15% and approach 3,500 before the end of year, comparing the current market environment to a 1998 rally amid interest rate cuts.

Scott Minerd said on CNBC’s “Halftime Report ” that the easier monetary policy from the Federal Reserve and central banks around the world would boost stocks before the end of the year.

“This rally — whether you’re looking at bonds, you’re looking at stocks, high yield, pick whatever you want — is all being driven by liquidity. And the central banks around the world have basically signaled that they are going to step on the accelerator,” Minerd said.

The S&P 500 gained 17% in the first six months of this year, the best first half for the index since 1997. However, the Fed is widely expected to cut interest rates at the end of the month, as domestic inflation and wage growth have not accelerated in recent months and international economic growth has slowed.

Minerd compared current market conditions to 1998, when the Fed cut rates in three consecutive months amid concerns about an economic crisis in Asia. The S&P 500 rose more than 28% in the last four months of that year.

“All you have to do is look at a replay of the post-Asia crisis back in 1998, and you get stocks at the kinds of levels that I’m talking about,” Minerd said.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: jesse pound
Keywords: news, cnbc, companies, months, world, rates, scott, rise, minerd, 15, half, sp, stocks, 500, 1998, end, guggenheims, second, youre


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These stocks are second-half comeback stories, according to Wall Street analysts

While market records were broken and many stocks surged in the first half of the year, not all of them did. Wall Street analysts were telling clients there were plenty of values to be found among stocks that ended the first half in the red. The stock has several “positive catalysts” despite its “volatility,” according to analysts at Wells Fargo. That wasn’t enough to stop analysts at Needham this week from adding the buy-rated company to its “conviction list.” Here’s what else analysts are sayin


While market records were broken and many stocks surged in the first half of the year, not all of them did. Wall Street analysts were telling clients there were plenty of values to be found among stocks that ended the first half in the red. The stock has several “positive catalysts” despite its “volatility,” according to analysts at Wells Fargo. That wasn’t enough to stop analysts at Needham this week from adding the buy-rated company to its “conviction list.” Here’s what else analysts are sayin
These stocks are second-half comeback stories, according to Wall Street analysts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: michael bloom
Keywords: news, cnbc, companies, secondhalf, wells, analysts, half, watch, street, tripadvisor, stock, comeback, wall, stocks, week, ended, according


These stocks are second-half comeback stories, according to Wall Street analysts

Watch out for the comeback kids. While market records were broken and many stocks surged in the first half of the year, not all of them did.

Wall Street analysts were telling clients there were plenty of values to be found among stocks that ended the first half in the red. CNBC examined the most recent Wall Street research from major firms to find companies that were being recommended as comeback stories to clients after falling during the first six months of the year.

They include names such as Marathon Petroleum, Six Flags, Cigna, TripAdvisor, Pure Storage, and Chemours Company.

Theme park operator Six Flags has been the subject of three upgrades over the last month, with Wells Fargo being the most recent investment bank to lift its rating to buy. The company, which ended the first half down over 10%, is due to report earnings on July 24.

The stock has several “positive catalysts” despite its “volatility,” according to analysts at Wells Fargo.

“We believe concerns surrounding Q219 weather, China trade implications and dividend sustainability, are fairly discounted,” they said.

Health insurer Cigna ended the first half of the year down more than 17%. Shares had been under pressure as the Trump administration was pushing a plan to eliminate drug rebates from government prescription drug plans. But this week the administration dropped the idea.

“We expect the news to be favorable most specifically to entities with larger pharmacy benefit management exposure as it eliminates the uncertainty and overhang that the rebate rule had on those companies,” analysts at Citi said. The firm kept its buy rating and the stock remains on the Citi focus list as a “top pick.”

Travel and restaurant website TripAdvisor finished the first half down 14%. That wasn’t enough to stop analysts at Needham this week from adding the buy-rated company to its “conviction list.”

“We think the setup remains super attractive on a compelling second derivative directional play into 2H19,” they said.

Here’s what else analysts are saying about stocks to watch in the second half:


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: michael bloom
Keywords: news, cnbc, companies, secondhalf, wells, analysts, half, watch, street, tripadvisor, stock, comeback, wall, stocks, week, ended, according


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Your first trade for Tuesday, July 9

The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more


The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more
Your first trade for Tuesday, July 9 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: tyler bailey
Keywords: news, cnbc, companies, housing, half, market, supply, trade, second, lowreal, soon, shift, hit, way


Your first trade for Tuesday, July 9

The housing market is about to shift in a bad way for buyers

Inventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low.

Real Estate

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: tyler bailey
Keywords: news, cnbc, companies, housing, half, market, supply, trade, second, lowreal, soon, shift, hit, way


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Nearly half of students at five top MBA programs borrow at least $100,000 to finance their degree

Bloomberg Businessweek surveyed more than 10,000 2018 graduates of MBA programs from 126 schools about the amount of debt they piled on earning their degrees. The survey found that almost half of students at leading business schools around the world borrowed at least $100,000 to finance their MBA. U.S. News says that, “among the 10 highest-ranked public B-schools, the average in-state tuition for full-time MBA students was slightly more than $42,000 per year.” 2 Stanford University, the average


Bloomberg Businessweek surveyed more than 10,000 2018 graduates of MBA programs from 126 schools about the amount of debt they piled on earning their degrees. The survey found that almost half of students at leading business schools around the world borrowed at least $100,000 to finance their MBA. U.S. News says that, “among the 10 highest-ranked public B-schools, the average in-state tuition for full-time MBA students was slightly more than $42,000 per year.” 2 Stanford University, the average
Nearly half of students at five top MBA programs borrow at least $100,000 to finance their degree Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: elizabeth gravier
Keywords: news, cnbc, companies, school, half, finance, survey, nearly, programs, 100000, graduates, borrow, business, degree, university, mba, schools, students, stanford


Nearly half of students at five top MBA programs borrow at least $100,000 to finance their degree

A degree from a top business school has long been seen as a direct path to a job at a top company, but new data demonstrates just how much it costs to pursue that route. Bloomberg Businessweek surveyed more than 10,000 2018 graduates of MBA programs from 126 schools about the amount of debt they piled on earning their degrees. The survey found that almost half of students at leading business schools around the world borrowed at least $100,000 to finance their MBA. According to the survey, at minimum 40% of MBA graduates from U.S. News & World Report’s top-ranking business programs — those at Duke, Dartmouth, University of Michigan, Cornell and University of Chicago — reported incurring at least $100,000 in debt. That percentage drops a bit at nine other top MBA programs – including those at MIT, University of Pennsylvania, NYU and Northwestern University – where around a third of recent graduates borrowed at least $100,000 to finance their degrees.

University of Michigan students are seen in the Stephen M. Ross School of Business in Ann Arbor Rebecca Cook | Reuters

Conventional wisdom has held that the price tag on an MBA, however high, tends to be worth it. According to U.S. News & World Report, tuition for traditional full-time (two year) MBA students surpassed $50,000 per year at the top 15 ranked MBA programs in the 2019 Best Business Schools rankings – with some schools exceeding $70,000 annually. Prices at public schools, particularly for in-state students, tend to be lower. U.S. News says that, “among the 10 highest-ranked public B-schools, the average in-state tuition for full-time MBA students was slightly more than $42,000 per year.” But Bloomberg’s survey results illustrate just how steep the debt eager entrepreneurs and executives undertake to advance their careers. Graduates of the 26 schools where at least 20% of students report having had to borrow six-figure sums disclose median starting pay ranging from $80,000 to $140,000. “The survey data puts into stark relief just how much of a return some students need to justify their debt-financed investment,” Bloomberg reports. Students see a clear connection between the cost of their degree and the benefit. Mike Sanchez, a 32-year-old investment banker at Citigroup and 2018 graduate of University of Chicago Booth School of Business, told Bloomberg that he didn’t consider the $110,000 in student loans he took out to finance the program a hindrance. Booth reports its median starting salary for last year’s graduates was $130,000. Based on a 2018 report by QS Quacquarelli Symonds, a higher education data and research company, U.S. News reported that, “within 10 years of earning an MBA degree, the average MBA grad from either a U.S. or international business school had an estimated decade-long return on investment of $390,751, even after subtracting the tuition and opportunity costs of attending an MBA program.” At top business schools, like No. 2 Stanford University, the average decade-long ROI of an MBA degree exceeds $1 million.

Graduating Stanford University students are shown before the start of the 123rd Stanford commencement ceremony, June 15, 2014, in Stanford, Calif. Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: elizabeth gravier
Keywords: news, cnbc, companies, school, half, finance, survey, nearly, programs, 100000, graduates, borrow, business, degree, university, mba, schools, students, stanford


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Cisco plans to acquire Acacia Communications in a $2.6 billion deal

The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more


The housing market is about to shift in a bad way for buyersInventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low. Real Estateread more
Cisco plans to acquire Acacia Communications in a $2.6 billion deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lauren feiner
Keywords: news, cnbc, companies, housing, half, market, acacia, supply, soon, cisco, acquire, deal, billion, plans, communications, second, 26, shift, lowreal, hit, way


Cisco plans to acquire Acacia Communications in a $2.6 billion deal

The housing market is about to shift in a bad way for buyers

Inventory began to grow in the second half of last year, but supply will soon drop yet again, and could hit a new low.

Real Estate

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lauren feiner
Keywords: news, cnbc, companies, housing, half, market, acacia, supply, soon, cisco, acquire, deal, billion, plans, communications, second, 26, shift, lowreal, hit, way


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