Europe stocks trade lower as trade fears linger; Brexit talks collapse; Thomas Cook shares down 29%

European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration’s bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party’s newspaper striking a defiant tone. The notable contributor to auto losses was BMW, which saw its shares slip 5.7%. In Asia, most major indexes gained in Friday trade following overnight gains on Wall Street, but mainland Chinese shares tumbled amid ongoing tensions between Beijing and Washington. Stateside, investo


European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration’s bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party’s newspaper striking a defiant tone. The notable contributor to auto losses was BMW, which saw its shares slip 5.7%. In Asia, most major indexes gained in Friday trade following overnight gains on Wall Street, but mainland Chinese shares tumbled amid ongoing tensions between Beijing and Washington. Stateside, investo
Europe stocks trade lower as trade fears linger; Brexit talks collapse; Thomas Cook shares down 29% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: elliot smith
Keywords: news, cnbc, companies, trade, linger, thomas, cook, talks, losses, stocks, war, ruling, chinese, saw, shares, lower, fears, traded, europe, tensions


Europe stocks trade lower as trade fears linger; Brexit talks collapse; Thomas Cook shares down 29%

European stocks traded lower Friday as trade fears ratcheted up, amid the U.S. administration’s bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party’s newspaper striking a defiant tone.

The pan-European STOXX 600 dropped 0.6% after the opening bell, autos leading the losses with a fall of 1.6% in the early minutes of trading, while only travel and leisure and utilities stocks traded in the black mid-morning.

The notable contributor to auto losses was BMW, which saw its shares slip 5.7%.

The morning’s biggest loser was British tour operator Thomas Cook, which saw its shares plummet 30% by mid-morning, hitting their lowest since July 2012 and on track for the biggest one-day drop since November 2011. Citi analysts downgraded the company’s stock to “sell” after its latest profit warning Thursday.

In Asia, most major indexes gained in Friday trade following overnight gains on Wall Street, but mainland Chinese shares tumbled amid ongoing tensions between Beijing and Washington. The Shenzhen component led the losses, dropping 1.77% in the morning session.

Stateside, investors will be monitoring the trade war between the world’s largest economies, as President Donald Trump’s bid to block Huawei from buying American technology ratcheted up tensions. Meanwhile, China’s ruling Communist Party’s newspaper struck a defiant tone Friday, insisting the trade war will only make China stronger.

While major U.S. indexes gained Thursday, shares in American chipmakers fell upon the news.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: elliot smith
Keywords: news, cnbc, companies, trade, linger, thomas, cook, talks, losses, stocks, war, ruling, chinese, saw, shares, lower, fears, traded, europe, tensions


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It’s never been cheaper to invest in the markets as asset managers slash fund fees by $5 billion

Last year, investors saved a total $5.5 billion in ETF and mutual fund fees, according to new research from Morningstar. Since 2000, the cost of fund investing has been cut in half, according Morningstar data, first-reported by Axios. Costs are down across the board: both actively managed funds and passive funds have seen a steady decline in the past two decades. Those saw net inflows of $605 billion. The remaining 80 percent of more expensive options saw net outflows of $478 billion.


Last year, investors saved a total $5.5 billion in ETF and mutual fund fees, according to new research from Morningstar. Since 2000, the cost of fund investing has been cut in half, according Morningstar data, first-reported by Axios. Costs are down across the board: both actively managed funds and passive funds have seen a steady decline in the past two decades. Those saw net inflows of $605 billion. The remaining 80 percent of more expensive options saw net outflows of $478 billion.
It’s never been cheaper to invest in the markets as asset managers slash fund fees by $5 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: kate rooney
Keywords: news, cnbc, companies, money, cheaper, asset, funds, markets, passive, fund, johnson, fees, managers, slash, billion, saw, according, morningstar, net, investors, invest, research


It's never been cheaper to invest in the markets as asset managers slash fund fees by $5 billion

Investors are the real winners as giant asset managers race each other to lower fees.

Last year, investors saved a total $5.5 billion in ETF and mutual fund fees, according to new research from Morningstar. The 6% decline was the second biggest year-over-year drop in two decades. Since 2000, the cost of fund investing has been cut in half, according Morningstar data, first-reported by Axios.

“There is a growing fee consciousness among investors,” Ben Johnson, Morningstar’s director of ETF and passive strategies research, told CNBC in a phone interview. “One of the more surprising trends is just how shrewd investors have become.”

Costs are down across the board: both actively managed funds and passive funds have seen a steady decline in the past two decades. But in both cases, new money flowing into the funds is gravitating towards cheaper options.

The majority of money being invested flowed into the cheapest 20 percent of funds, according to Johnson. Those saw net inflows of $605 billion. And 97% of net new money flowed into the least costly 10% of all funds. The remaining 80 percent of more expensive options saw net outflows of $478 billion.

“The relationship gets flipped on its head when you’re selecting funds — the less you pay the more you on average tend to get,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: kate rooney
Keywords: news, cnbc, companies, money, cheaper, asset, funds, markets, passive, fund, johnson, fees, managers, slash, billion, saw, according, morningstar, net, investors, invest, research


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Twitter could surge 20% to head back to multiyear highs, technician bets

Twitter ended April as one of the best performers in the S&P 500. “Twitter is a very good-looking chart post earnings. We saw some pretty impressive data following those earnings. Given the strong fundamental case, Gordon sees Twitter clawing back from the losses suffered through the last half of 2018. A move back to its 52-week high at $47.79 represents 20% upside from Tuesday’s close.


Twitter ended April as one of the best performers in the S&P 500. “Twitter is a very good-looking chart post earnings. We saw some pretty impressive data following those earnings. Given the strong fundamental case, Gordon sees Twitter clawing back from the losses suffered through the last half of 2018. A move back to its 52-week high at $47.79 represents 20% upside from Tuesday’s close.
Twitter could surge 20% to head back to multiyear highs, technician bets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: keris lahiff
Keywords: news, cnbc, companies, saw, pretty, head, multiyear, surge, highs, right, high, twitter, earnings, 20, gap, close, gordon, bets, technician


Twitter could surge 20% to head back to multiyear highs, technician bets

Twitter ended April as one of the best performers in the S&P 500.

Todd Gordon, founder of TradingAnalysis.com, says the rally is just getting started.

“Twitter is a very good-looking chart post earnings. We saw some pretty impressive data following those earnings. Revenues were up 18% year over year and active users saw a pretty good increase, particularly in the U.S.,” Gordon said Tuesday on CNBC’s “Trading Nation. ”

Given the strong fundamental case, Gordon sees Twitter clawing back from the losses suffered through the last half of 2018.

“As we take a look at the charts here, you can see that there’s a significant gap right here from $44 down into below $40, so on the back of this earnings report,” he said. “They’re trying to close that gap, which is a technical phenomenon that does often happen, so the gap closure will take place right around the $42.50 mark.”

Twitter gapped down below $40 in a sell-off in late July. It has not closed above that level in nine months.

“As I see this gap close happen, I think provided the overall market can maintain its current trend, which is up as we’re pressing or at new highs in the indexes, we should be able to 1) close that gap and 2) retest these old highs right around the $48 mark,” said Gordon.

A move back to its 52-week high at $47.79 represents 20% upside from Tuesday’s close. It has fallen 16% since hitting a multiyear high last June.

Gordon is buying the June 21 expiration 42/47 call spread for around $1.30. This is a bullish play that Twitter heads back above $47 by expiration.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: keris lahiff
Keywords: news, cnbc, companies, saw, pretty, head, multiyear, surge, highs, right, high, twitter, earnings, 20, gap, close, gordon, bets, technician


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Homebuilder CEO saw momentum shift in Q1: ‘The consumer is definitely more engaged’

TRI Pointe Group CEO Douglas Bauer on Tuesday told CNBC he saw a “momentum shift” in the first quarter of 2019. “The consumer is definitely more engaged,” he said in a one-on-one interview with “Mad Money’s” Jim Cramer. An amalgamation of local housing companies, TRI Pointe has surged more than 19% this year along with the homebuilding sector, which is up more than 25%. Lower mortgage rates have helped return buyers to the housing market, Cramer noted. TRI Pointe wants to build in the Carolinas,


TRI Pointe Group CEO Douglas Bauer on Tuesday told CNBC he saw a “momentum shift” in the first quarter of 2019. “The consumer is definitely more engaged,” he said in a one-on-one interview with “Mad Money’s” Jim Cramer. An amalgamation of local housing companies, TRI Pointe has surged more than 19% this year along with the homebuilding sector, which is up more than 25%. Lower mortgage rates have helped return buyers to the housing market, Cramer noted. TRI Pointe wants to build in the Carolinas,
Homebuilder CEO saw momentum shift in Q1: ‘The consumer is definitely more engaged’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: tyler clifford
Keywords: news, cnbc, companies, momentum, rest, saw, tri, q1, 2018, housing, sales, results, ceo, runway, shift, engaged, definitely, homebuilder, pointe, market, bauer, consumer


Homebuilder CEO saw momentum shift in Q1: 'The consumer is definitely more engaged'

TRI Pointe Group CEO Douglas Bauer on Tuesday told CNBC he saw a “momentum shift” in the first quarter of 2019.

“The consumer is definitely more engaged,” he said in a one-on-one interview with “Mad Money’s” Jim Cramer.

An amalgamation of local housing companies, TRI Pointe has surged more than 19% this year along with the homebuilding sector, which is up more than 25%. Lower mortgage rates have helped return buyers to the housing market, Cramer noted.

TRI Pointe lags in the home construction group in part because the stock fell about 8% after reporting mixed first-quarter results on Thursday, delivering a top-line beat but a bottom-line miss.

Revenue from home sales was down 15% compared to the first quarter of 2018, which could be attributed to a 12% decrease in new house construction.

However, Bauer expressed positive sentiment about the rest of the year. He said first-quarter results reflected weakness in the housing market in the second half of 2018 when the SPDR S&P Homebuilders ETF slumped nearly 20%.

“We’ve got about a 23% margin in our backlog, and we’ve got a good runway for the rest of the year,” he said. “A lot of wood to chop, but the market’s looking good.”

If job and wage growth remains strong, Bauer thinks demand will continue to pick up for housing in the long run. The industry has also been helped in the interim by the Federal Reserve’s decision to stop raising interest rates in 2019, he added.

The regulatory environment in California is still tough, but TRI Pointe’s 11,000 lots in the state give the company “great runway” to pull margins, Bauer said.

Now in its 10th year of business, the CEO said they’re focused on the southeast part of the country to continue to grow its market share. TRI Pointe wants to build in the Carolinas, Georgia, Florida, and Tennessee, he said.

“It’s our 10 year anniversary. We went from zero to $3.2 billion [in 2018 home sales revenue]. Our goal for the next 10 [years] is double that,” Bauer said. “So those are great markets for us to grow in, in addition to Texas and the rest of the Southwest.”


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: tyler clifford
Keywords: news, cnbc, companies, momentum, rest, saw, tri, q1, 2018, housing, sales, results, ceo, runway, shift, engaged, definitely, homebuilder, pointe, market, bauer, consumer


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Chinese stocks just saw their worst week since October, but a few China ETFs are still beating the market

Chinese stocks have taken investors on a ride this year. Shanghai and Shenzhen have been the best performing global markets this year, with the Shanghai composite index rallying nearly 24% and the Shenzhen Component Index Fund ETF up over 34%. That makes this the worst week for Chinese stocks since October. The iShares MSCI China ETF, the WisdomTree ICBCCS S&P China 500 Fund, and the WisdomTree China ex-State-Owned Enterprises Fund have all outpaced the S&P this year, up about 21%, 26% and 31% r


Chinese stocks have taken investors on a ride this year. Shanghai and Shenzhen have been the best performing global markets this year, with the Shanghai composite index rallying nearly 24% and the Shenzhen Component Index Fund ETF up over 34%. That makes this the worst week for Chinese stocks since October. The iShares MSCI China ETF, the WisdomTree ICBCCS S&P China 500 Fund, and the WisdomTree China ex-State-Owned Enterprises Fund have all outpaced the S&P this year, up about 21%, 26% and 31% r
Chinese stocks just saw their worst week since October, but a few China ETFs are still beating the market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: lizzy gurdus
Keywords: news, cnbc, companies, etfs, worst, stocks, china, schwartz, wchn, sp, beating, wisdomtree, fund, index, saw, etf, market, chinese, week


Chinese stocks just saw their worst week since October, but a few China ETFs are still beating the market

Chinese stocks have taken investors on a ride this year.

Shanghai and Shenzhen have been the best performing global markets this year, with the Shanghai composite index rallying nearly 24% and the Shenzhen Component Index Fund ETF up over 34%.

But the Chinese market tanked this week, with the Shanghai index — which was up more than 30% as of last Friday — falling nearly 6%. That makes this the worst week for Chinese stocks since October.

Capital Economics, an independent research firm, attributed the weakness to comments made by China’s top decision-making body about the country’s economic stimulus plans. While Chinese officials said they would continue to support the economy, better-than-expected first-quarter GDP results sparked worries about potential near-term policy easing.

Even so, a number of exchange-traded funds pegged to the Chinese market are rallying — and even beating the S&P 500.

The iShares MSCI China ETF, the WisdomTree ICBCCS S&P China 500 Fund, and the WisdomTree China ex-State-Owned Enterprises Fund have all outpaced the S&P this year, up about 21%, 26% and 31% respectively.

And, according to WisdomTree Asset Management’s Executive Vice President and Global Head of Research Jeremy Schwartz, their advantages have a lot to do with the types of stocks they hold.

“WisdomTree’s all about modern alpha and being able to deliver excess returns. [For] China, being able to access the full range of securities is a form of modern alpha,” Schwartz said, highlighting how few direct competitors WisdomTree’s S&P China 500 Fund, which trades under the ticker WCHN, has in this area of the market.

“You had one ETF that was 50 stocks, it’s not any of the new tech-sector companies like the Alibabas and the Tencents, it didn’t have any of the A-shares, ” he said Monday on CNBC’s “ETF Edge.” “WCHN is 50% A-shares, which is a very different look than the MSCI China. And so we think it’s just a better beta security. It is a cap-weighted security.”

With U.S.-based and Hong Kong-listed companies in the mix, Schwartz said WCHN offers “the broadest beta solution in the marketplace today.” But outperforming even that is WisdomTree’s China ex-State Owned Enterprises Fund, which excludes government-owned Chinese entities.

“This was an example where there hadn’t been anyone who had ever created that kind of exposure,” Schwartz said. “There are still very few places where you can even get that information. We had to create our own database. And for … the main China ETF, it was 75-80% state-run banks and energy. This was a very different exposure and, really, 30% of all emerging markets have this.”


Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: lizzy gurdus
Keywords: news, cnbc, companies, etfs, worst, stocks, china, schwartz, wchn, sp, beating, wisdomtree, fund, index, saw, etf, market, chinese, week


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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no


On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no


On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


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Oil won’t be going back up to $80 levels, Goldman Sachs’ commodities head Jeff Currie says

DUBAI — Oil won’t be returning to the peak levels it saw last year when global benchmark Brent crude hit $86 a barrel, Goldman Sachs’ top commodities analyst said Monday. “We’ve had a really bad fourth quarter, so the question is ‘how much have we recouped thus far?'” Jeff Currie, Goldman Sachs’ head of commodities research, told CNBC’s Dan Murphy at the 27th Annual Middle East Petroleum and Gas Conference in Dubai. “Looking at oil more broadly… We don’t think you’re going to get back to those


DUBAI — Oil won’t be returning to the peak levels it saw last year when global benchmark Brent crude hit $86 a barrel, Goldman Sachs’ top commodities analyst said Monday. “We’ve had a really bad fourth quarter, so the question is ‘how much have we recouped thus far?'” Jeff Currie, Goldman Sachs’ head of commodities research, told CNBC’s Dan Murphy at the 27th Annual Middle East Petroleum and Gas Conference in Dubai. “Looking at oil more broadly… We don’t think you’re going to get back to those
Oil won’t be going back up to $80 levels, Goldman Sachs’ commodities head Jeff Currie says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: natasha turak
Keywords: news, cnbc, companies, head, levels, pushing, currie, sachs, upside, think, oil, barrel, saw, going, commodities, quarter, goldman, wont, jeff, end


Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie says

DUBAI — Oil won’t be returning to the peak levels it saw last year when global benchmark Brent crude hit $86 a barrel, Goldman Sachs’ top commodities analyst said Monday.

“We’ve had a really bad fourth quarter, so the question is ‘how much have we recouped thus far?'” Jeff Currie, Goldman Sachs’ head of commodities research, told CNBC’s Dan Murphy at the 27th Annual Middle East Petroleum and Gas Conference in Dubai.

“Looking at oil more broadly… We don’t think you’re going to get back to those $80 levels again, so you’ve got some modest upside here.”

“It’s been a fundamental deficit, lower inventories pushing cash in physical prices higher,” Currie said. “This market is in a million barrel per day deficit right now, and we think upside price is $70 to $75 (per barrel), but the back end anchored around $60,” he said.”

That back end low, he explained, is based on three things: expansion of pipelines in Texas’s shale-rich Permian Basin in the third quarter of this year, OPEC potentially exiting its oil cut program because investments are likely to reach the five-year average sometime in May, and more supply coming in from non-OPEC members.

“That’s what is going to keep the back end under pressure, lower inventories pushing prices to $70, to $75, that’s where the investment opportunity is — but it’s not going to be like what we saw in quarters three or four of last year.”


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: natasha turak
Keywords: news, cnbc, companies, head, levels, pushing, currie, sachs, upside, think, oil, barrel, saw, going, commodities, quarter, goldman, wont, jeff, end


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Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys


Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March. Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analys
Stocks in Asia jump following better-than-expected Chinese economic data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


Stocks in Asia jump following better-than-expected Chinese economic data

Major markets in Asia surged on Monday following data released over the weekend that showed economic activity in China unexpectedly bouncing back in March.

Mainland Chinese shares soared on the day, with the Shanghai composite up 2.58 percent to 3,170.36, while the Shenzhen component surged about 3.64 percent to 10,267.70. The Shenzhen composite jumped 3.571 percent to 1,755.67.

Over in Hong Kong, the Hang Seng index was up 1.66 percent in its final hour of trading.

Both the private Caixin/Markit Manufacturing Purchasing Managers’ Index and China’s official Purchasing Managers’ Index (PMI) expanded unexpectedly in March, surprising analysts.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.94 percent, as of 3:18 p.m. HK/SIN

The Nikkei 225 in Japan jumped 1.43 percent to close at 21,509.03 as shares of index heavyweights Fast Retailing, Softbank Group and Fanuc all advanced. The Topix index also gained 1.52 percent to finish at 1,615.81.

Apple supplier Japan Display saw its stock surge 10.14 percent after the embattled company said it aimed to reach a financing agreement this week that would lead to a 60 to 80 billion yen (approx. $540 to $720 million) stock and bond issuance. Previous reports in January had suggested that Japan Display — suffering the impact of disappointing sales for Apple’s iPhone XR — was in advanced talks with an investor group from Taiwan and China to bail out the company.

The closely watched “tankan” survey by the Bank of Japan, released on Monday, had shown worsening business confidence among the country’s big manufacturers in the first quarter.

“The large manufacturing weakness is probably worrying for (the Bank of Japan) … in the sense that the economy isn’t picking up as quickly as perhaps as had been anticipated but the bigger issue … is not the economy,” Mitul Kotecha, senior emerging markets strategist at TD Securities, told CNBC’s “Squawk Box” on Monday.

Instead, Kotecha said inflation continues to be a bugbear for the Japanese central bank, where its target rate of 2 percent remains ever elusive.

Over in South Korea, the Kospi added 1.29 percent to finish at 2,168.28 as chipmaker SK Hynix saw its stock jump 3.23 percent.

Meanwhile, Australia’s ASX 200 rose 0.59 percent to close at 6,217.00, with most sectors seeing gains.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: eustance huang, weizhen tan
Keywords: news, cnbc, companies, stock, saw, shares, japan, bank, unexpectedly, surged, data, chinese, stocks, asia, index, following, released, jump, shenzhen, betterthanexpected, economic


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Warren Buffett: ‘This $100 college course gave me the most important degree I have’

To say that Warren Buffett is a wealth of wisdom is an understatement. In getting to know “The Oracle of Omaha,” I learned something incredibly surprising: Up until the age of 20, he had a fear of public speaking. Who would have thought that one of the most successful investors in the world once had a fear of public speaking? During Buffett’s time at Columbia Business School, he saw an ad in the paper for a Dale Carnegie public speaking course for college students. “So again, I saw the ad in the


To say that Warren Buffett is a wealth of wisdom is an understatement. In getting to know “The Oracle of Omaha,” I learned something incredibly surprising: Up until the age of 20, he had a fear of public speaking. Who would have thought that one of the most successful investors in the world once had a fear of public speaking? During Buffett’s time at Columbia Business School, he saw an ad in the paper for a Dale Carnegie public speaking course for college students. “So again, I saw the ad in the
Warren Buffett: ‘This $100 college course gave me the most important degree I have’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: gillian zoe segal, photo credit, daniel acker, bloomberg, getty images, -warren buffett, ceo, berkshire hathaway
Keywords: news, cnbc, companies, gave, warren, paper, degree, course, omaha, 100, say, buffett, college, important, public, getting, successful, went, thought, speaking, saw


Warren Buffett: 'This $100 college course gave me the most important degree I have'

To say that Warren Buffett is a wealth of wisdom is an understatement.

A few years ago, I got the once-in-a-lifetime opportunity to interview him for my book, “Getting There: A Book of Mentors,” which features essays and interviews from the some of the world’s most successful people, as well as their indispensable career and life lessons.

In getting to know “The Oracle of Omaha,” I learned something incredibly surprising: Up until the age of 20, he had a fear of public speaking. “Just the thought of it made me physically ill,” the billionaire shares in his “Getting There” essay. “I would literally throw up.”

Who would have thought that one of the most successful investors in the world once had a fear of public speaking?

The Berkshire Hathaway CEO divulges that he purposely selected courses in college where he didn’t have to stand up in front of the class and arranged his life so that he would never find himself in front of a crowd. If he somehow found himself in that situation, he admits that he could ‘hardly even say’ his own name.

During Buffett’s time at Columbia Business School, he saw an ad in the paper for a Dale Carnegie public speaking course for college students. “I figured it would serve me well,” he recalls. “I went to Midtown, signed up and gave them a check. But after I left, I swiftly stopped payment. I just couldn’t do it. I was that terrified.”

After he graduated, Buffett returned to Omaha and got a job as a salesman of securities. But the problem still lingered: “I knew that I had to be able to speak in front of people,” he writes. “So again, I saw the ad in the paper and went down to sign up; but this time, I handed the instructor $100 in cash. I knew if I gave him the cash I’d show up.”

And he did show up.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: gillian zoe segal, photo credit, daniel acker, bloomberg, getty images, -warren buffett, ceo, berkshire hathaway
Keywords: news, cnbc, companies, gave, warren, paper, degree, course, omaha, 100, say, buffett, college, important, public, getting, successful, went, thought, speaking, saw


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