Amazon is launching Belei, its first skin care line, as it pushes further into private-label products

Amazon is getting into another category in retail: skin care. The company on Wednesday said it’s launching its first dedicated skin care line, called Belei. For Amazon, the move into skin care offers it the opportunity to sell goods at higher margins than groceries. Sales in the skin care category were up 13 percent, NPD Group said, contributing 60 percent of total industry gains. Skin care sales amounted to $5.6 billion in 2018.


Amazon is getting into another category in retail: skin care. The company on Wednesday said it’s launching its first dedicated skin care line, called Belei. For Amazon, the move into skin care offers it the opportunity to sell goods at higher margins than groceries. Sales in the skin care category were up 13 percent, NPD Group said, contributing 60 percent of total industry gains. Skin care sales amounted to $5.6 billion in 2018.
Amazon is launching Belei, its first skin care line, as it pushes further into private-label products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: lauren thomas, indranil bhoumik, mint, getty images
Keywords: news, cnbc, companies, privatelabel, care, pushes, skin, products, sales, retail, amazon, sells, brands, belei, sell, launching, beauty, stores, line


Amazon is launching Belei, its first skin care line, as it pushes further into private-label products

Amazon is getting into another category in retail: skin care.

The company on Wednesday said it’s launching its first dedicated skin care line, called Belei. It will sell items including moisturizers, eye cream and spot treatments, ranging in price from $9 to $40.

Amazon has increasingly been adding its own in-house brands, including ones for clothing, shoes, snack foods, baby diapers and mattresses. The move threatens the other brands that currently sell on its platform, as Amazon has the power to give its own labels top placement on the website. Other rivals that sell the same items at higher prices also can be threatened as sales shift to Amazon’s cheaper alternative.

Amazon currently has 138 private labels, according to TJI, a subscription business that tracks Amazon’s further foray into retail.

“Our goal is to help customers spend less time and money searching for the right skincare solutions,” Kara Trousdale, head of beauty for private brands on Amazon, said in a statement.

As Amazon grows more in bricks-and-mortar retail, it could start to put its in-house brands on shelves in stores, too. This is something it’s already started to do at Amazon 4-star, a location in New York that sells a wide array of merchandise from stationary to cooking utensils. Amazon hasn’t been able to change the products its sells at Whole Foods stores as much because the grocery chain’s lease agreements say it must primarily sell food there. But it’s reportedly looking to launch a new grocery store business where it has more autonomy to pick what it wants to sell there.

For Amazon, the move into skin care offers it the opportunity to sell goods at higher margins than groceries. It could impact the likes of beauty brands such as Procter & Gamble’s Olay, Estee Lauder and Clinique, which make similar face serums and cleansing wipes, in addition to retail outlets like Sephora and Ulta, which also sell skin care.

The prestige beauty industry in the U.S. reached $18.8 billion last year, up 6 percent year over year, according to data from The NPD Group. Sales in the skin care category were up 13 percent, NPD Group said, contributing 60 percent of total industry gains. Skin care sales amounted to $5.6 billion in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: lauren thomas, indranil bhoumik, mint, getty images
Keywords: news, cnbc, companies, privatelabel, care, pushes, skin, products, sales, retail, amazon, sells, brands, belei, sell, launching, beauty, stores, line


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New gun laws will make New Zealand safer after mosque massacre, says Prime Minister

New Zealand Prime Minister Jacinda Ardern said on Monday she would announce new gun laws within days, after 50 people were killed in mass shootings at two mosques in the city of Christchurch. The owner of a New Zealand gun store the man charged with murder in the mosque shootings had bought firearms and ammunition online from the store, but it did not sell him the high-powered weapon used in the massacre. Gun City owner David Tipple said the alleged gunman bought four weapons and ammunition betw


New Zealand Prime Minister Jacinda Ardern said on Monday she would announce new gun laws within days, after 50 people were killed in mass shootings at two mosques in the city of Christchurch. The owner of a New Zealand gun store the man charged with murder in the mosque shootings had bought firearms and ammunition online from the store, but it did not sell him the high-powered weapon used in the massacre. Gun City owner David Tipple said the alleged gunman bought four weapons and ammunition betw
New gun laws will make New Zealand safer after mosque massacre, says Prime Minister Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: david moir, afp, getty images, marty melville
Keywords: news, cnbc, companies, used, safer, shootings, prime, city, minister, mosque, massacre, tarrant, zealand, sell, owner, gun, laws, store, tipple


New gun laws will make New Zealand safer after mosque massacre, says Prime Minister

New Zealand Prime Minister Jacinda Ardern said on Monday she would announce new gun laws within days, after 50 people were killed in mass shootings at two mosques in the city of Christchurch.

Australian Brenton Tarrant, 28, a suspected white supremacist, was charged with murder on Saturday. Tarrant was remanded without a plea and is due back in court on April 5 where police said he was likely to face more charges.

“Within 10 days of this horrific act of terrorism we will have announced reforms which will, I believe, make our community safer,” Ardern said at news conference after her cabinet reached in principle decisions on gun reform laws in the wake of New Zealand’s worst ever mass shooting.

In addition to the 50 killed, dozens were wounded at two mosques in the South Island city during Friday prayers.

The owner of a New Zealand gun store the man charged with murder in the mosque shootings had bought firearms and ammunition online from the store, but it did not sell him the high-powered weapon used in the massacre.

Gun City owner David Tipple said the alleged gunman bought four weapons and ammunition between December 2017 and March 2018.

“The MSSA, military-style automatic, reportedly used by the alleged gunman was not purchased from Gun City. Gun City did not sell him an MSSA, only A-category firearms,” Tipple told a news conference in Christchurch.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: david moir, afp, getty images, marty melville
Keywords: news, cnbc, companies, used, safer, shootings, prime, city, minister, mosque, massacre, tarrant, zealand, sell, owner, gun, laws, store, tipple


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Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. Gallo

Constellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC. Constellation, which also sells Corona and Modelo beers, had hoped its wine business would fetch $3 billion. Constellation is the third largest beer company in the United States, behind Anheuser-Busch and MillerCoors. When millennials do drink, they increasingly turn to premium wine or other drinks like spirits and craft beer. Constellation’


Constellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC. Constellation, which also sells Corona and Modelo beers, had hoped its wine business would fetch $3 billion. Constellation is the third largest beer company in the United States, behind Anheuser-Busch and MillerCoors. When millennials do drink, they increasingly turn to premium wine or other drinks like spirits and craft beer. Constellation’
Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. Gallo Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: lauren hirsch, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, premium, past, nearing, sell, deal, corona, company, beer, wine, gallo, brewer, billion, brands, constellation, business


Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. Gallo

Constellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC.

Constellation, which also sells Corona and Modelo beers, had hoped its wine business would fetch $3 billion. However, the sale is expected to be around $2 billion or less, said one of the people. Talks, however, are still ongoing and could fall apart. Among the points being discussed are which brands will be part of the sale.

Constellation put its U.S. wine business, which includes brands like Clos du Bois, Mark West, Arbor Mist, up for sale last year as part of its push to move further into cannabis. Constellation is the third largest beer company in the United States, behind Anheuser-Busch and MillerCoors. In November, it closed a $4 billion investment in the Canadian marijuana company Canopy Growth.

Sales of non-premium wine have slowed, as millennials focus increasingly on health and alternative indulgences like cannabis. When millennials do drink, they increasingly turn to premium wine or other drinks like spirits and craft beer. In the year leading up to this past November, sales of wines below $9 at retail dropped by 9 percent, according a closely watched report by Silicon Valley Bank.

“Millennials aren’t engaging with wine as hoped. They lack financial capacity, currently prefer premium spirits and craft beers, and have been slow getting into careers,” the report noted.

In January, Constellation acknowledged to analysts the company has been “challenged by the lower end of [its wine] business, which in totality has been flat or down.”

By contrast, its beer business has shown growth, with its Modelo brand over the past five years turning in compound annual growth of more than 20 percent.

Constellation’s premium wine lines, which are priced at more than $11 per bottle, are still performing well. Those brands include Kim Crawford, Meiomi and Prisoner. New products like Meiomi Rose and Svedka Blue Raspberry are “exceeding our expectations,” said Bill Newlands, who became CEO on March 1, in a recent earning call.

For privately held Gallo, the largest exporter of California wines, the deal could add to its scale

Shares of Constellation, which have a market value of $32 billion, are down 25 percent over the past year.

The people asked not to be named because the information is confidential. Both Constellation and Gallo declined to comment, citing company policies not to comment on rumors or speculation.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: lauren hirsch, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, premium, past, nearing, sell, deal, corona, company, beer, wine, gallo, brewer, billion, brands, constellation, business


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Volvo may not sell its Tesla rival electric car in the US over tariffs

Volvo Cars may not sell its high-performance Polestar electric vehicles in the U.S. if Washington slaps tariffs on imports from China, the Financial Times reported Wednesday. The automaker recently revealed its Polestar 2, which executives said is priced competitively with Tesla’s Model 3 sedan. But Volvo is owned by Chinese auto company Geely, and the group has so far intended to make the cars at a factory in China. It expects to sell more than 50,000 Polestar vehicles. The Polestar 2 is one of


Volvo Cars may not sell its high-performance Polestar electric vehicles in the U.S. if Washington slaps tariffs on imports from China, the Financial Times reported Wednesday. The automaker recently revealed its Polestar 2, which executives said is priced competitively with Tesla’s Model 3 sedan. But Volvo is owned by Chinese auto company Geely, and the group has so far intended to make the cars at a factory in China. It expects to sell more than 50,000 Polestar vehicles. The Polestar 2 is one of
Volvo may not sell its Tesla rival electric car in the US over tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: robert ferris, wang zhao, afp, getty images
Keywords: news, cnbc, companies, tariffs, car, model, electric, times, rival, volvo, polestar, china, vehicles, cars, tesla, teslas, sell


Volvo may not sell its Tesla rival electric car in the US over tariffs

Volvo Cars may not sell its high-performance Polestar electric vehicles in the U.S. if Washington slaps tariffs on imports from China, the Financial Times reported Wednesday.

The automaker recently revealed its Polestar 2, which executives said is priced competitively with Tesla’s Model 3 sedan.

But Volvo is owned by Chinese auto company Geely, and the group has so far intended to make the cars at a factory in China. It expects to sell more than 50,000 Polestar vehicles.

A lot of those cars won’t make it to the United States if tariffs on Chinese imports are too high, Polestar CEO Thomas Ingenlath told the FT.

The Polestar 2 is one of several vehicles automakers are hoping will draw customers from Tesla.

Competition is expected to heat up around the 2021 model year, said CFRA analyst Garrett Nelson. Competitors are already on the market at a midrange price that’s competitive with the Model 3 and higher prices where Tesla’s more premium Model S and Model X vehicles sit.

The global automotive industry has found itself caught up in President Donald Trump’s trade war with China, leading many automakers to re-evaluate where they build and sell their products.

Read the full story from the Financial Times.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: robert ferris, wang zhao, afp, getty images
Keywords: news, cnbc, companies, tariffs, car, model, electric, times, rival, volvo, polestar, china, vehicles, cars, tesla, teslas, sell


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Morgan Stanley says automakers want to sell cars like Tesla does but can’t: ‘It’s against the law’

“Tesla is the only [original equipment manufacturer] to our knowledge that is allowed to sell its wares through company owned stores,” Jonas said. Morgan Stanley believes that U.S. auto dealers, through regulatory representatives, “may resist this tactic,” Jonas said. But, because Tesla does not technically have any dealer franchises, and already sells without dealerships, Tesla’s move online will likely also be protected, Jonas expects. If this change works, and Tesla sees the cost savings the


“Tesla is the only [original equipment manufacturer] to our knowledge that is allowed to sell its wares through company owned stores,” Jonas said. Morgan Stanley believes that U.S. auto dealers, through regulatory representatives, “may resist this tactic,” Jonas said. But, because Tesla does not technically have any dealer franchises, and already sells without dealerships, Tesla’s move online will likely also be protected, Jonas expects. If this change works, and Tesla sees the cost savings the
Morgan Stanley says automakers want to sell cars like Tesla does but can’t: ‘It’s against the law’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: michael sheetz, paul hennessy, nurphoto, getty images
Keywords: news, cnbc, companies, sell, tesla, does, online, elon, expects, company, cars, jonas, dealer, law, debate, morgan, stanley, automakers, cant


Morgan Stanley says automakers want to sell cars like Tesla does but can't: 'It's against the law'

“Tesla is the only [original equipment manufacturer] to our knowledge that is allowed to sell its wares through company owned stores,” Jonas said. “Tesla is now trying to take this a major step further to be the only [automaker] to sell new cars directly to consumers on-line without the involvement of a physical dealer.”

Morgan Stanley believes that U.S. auto dealers, through regulatory representatives, “may resist this tactic,” Jonas said. But, because Tesla does not technically have any dealer franchises, and already sells without dealerships, Tesla’s move online will likely also be protected, Jonas expects. If this change works, and Tesla sees the cost savings the company expects, Jonas said Elon Musk’s electric-car company may be a catalyst for automakers to re-evaluate existing regulations.

“Then investors should look for a revival of the debate around auto dealer franchise laws,” Jonas said. He compared that debate to retail banking, where evolving regulations “resulted in banks offering services on-line at lower costs to them and better pricing to consumers,” Jonas added.

Tesla’s plan may work, Jonas said, as “it’s just so easy to buy a Tesla” through the company’s website.

“It’s 3 clicks. That’s about as many clicks as it takes to buy catnip on Amazon,” Jonas said.

Morgan Stanley has an equal-weight rating and a $283 price target on Tesla shares.

WATCH: How taxpayers have boosted Elon Musk and Tesla


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: michael sheetz, paul hennessy, nurphoto, getty images
Keywords: news, cnbc, companies, sell, tesla, does, online, elon, expects, company, cars, jonas, dealer, law, debate, morgan, stanley, automakers, cant


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Morgan Stanley says automakers want to sell cars like Tesla does but can’t: ‘It’s against the law’

“Tesla is the only [original equipment manufacturer] to our knowledge that is allowed to sell its wares through company owned stores,” Jonas said. Morgan Stanley believes that U.S. auto dealers, through regulatory representatives, “may resist this tactic,” Jonas said. But, because Tesla does not technically have any dealer franchises, and already sells without dealerships, Tesla’s move online will likely also be protected, Jonas expects. If this change works, and Tesla sees the cost savings the


“Tesla is the only [original equipment manufacturer] to our knowledge that is allowed to sell its wares through company owned stores,” Jonas said. Morgan Stanley believes that U.S. auto dealers, through regulatory representatives, “may resist this tactic,” Jonas said. But, because Tesla does not technically have any dealer franchises, and already sells without dealerships, Tesla’s move online will likely also be protected, Jonas expects. If this change works, and Tesla sees the cost savings the
Morgan Stanley says automakers want to sell cars like Tesla does but can’t: ‘It’s against the law’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: michael sheetz, paul hennessy, nurphoto, getty images
Keywords: news, cnbc, companies, sell, tesla, does, online, elon, expects, company, cars, jonas, dealer, law, debate, morgan, stanley, automakers, cant


Morgan Stanley says automakers want to sell cars like Tesla does but can't: 'It's against the law'

“Tesla is the only [original equipment manufacturer] to our knowledge that is allowed to sell its wares through company owned stores,” Jonas said. “Tesla is now trying to take this a major step further to be the only [automaker] to sell new cars directly to consumers on-line without the involvement of a physical dealer.”

Morgan Stanley believes that U.S. auto dealers, through regulatory representatives, “may resist this tactic,” Jonas said. But, because Tesla does not technically have any dealer franchises, and already sells without dealerships, Tesla’s move online will likely also be protected, Jonas expects. If this change works, and Tesla sees the cost savings the company expects, Jonas said Elon Musk’s electric-car company may be a catalyst for automakers to re-evaluate existing regulations.

“Then investors should look for a revival of the debate around auto dealer franchise laws,” Jonas said. He compared that debate to retail banking, where evolving regulations “resulted in banks offering services on-line at lower costs to them and better pricing to consumers,” Jonas added.

Tesla’s plan may work, Jonas said, as “it’s just so easy to buy a Tesla” through the company’s website.

“It’s 3 clicks. That’s about as many clicks as it takes to buy catnip on Amazon,” Jonas said.

Morgan Stanley has an equal-weight rating and a $283 price target on Tesla shares.

WATCH: How taxpayers have boosted Elon Musk and Tesla


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: michael sheetz, paul hennessy, nurphoto, getty images
Keywords: news, cnbc, companies, sell, tesla, does, online, elon, expects, company, cars, jonas, dealer, law, debate, morgan, stanley, automakers, cant


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Scaparrotti says to not sell F-35 jets to Turkey amid Russian missile system deal

WASHINGTON — The United States should not follow through with a multi-billion dollar weapons sale of F-35 jets to Turkey, if Ankara takes delivery of an advanced Russian missile system, the top U.S. military commander for Europe told Congress on Tuesday. “I would hope that they [Turkey] would reconsider this one decision on the S-400,” Scaparrotti said, adding that there could be potential consequences, namely, no future foreign military sales between Washington and Ankara. In 2017, Ankara sign


WASHINGTON — The United States should not follow through with a multi-billion dollar weapons sale of F-35 jets to Turkey, if Ankara takes delivery of an advanced Russian missile system, the top U.S. military commander for Europe told Congress on Tuesday. “I would hope that they [Turkey] would reconsider this one decision on the S-400,” Scaparrotti said, adding that there could be potential consequences, namely, no future foreign military sales between Washington and Ankara. In 2017, Ankara sign
Scaparrotti says to not sell F-35 jets to Turkey amid Russian missile system deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: amanda macias, sergei malgavko, tass via getty images, atilgan ozdil, anadolu agency, getty images, department of defense photo
Keywords: news, cnbc, companies, amid, sell, systems, working, s400, washington, told, turkey, scaparrotti, jets, f35, deal, russian, weapons, missile, military, system


Scaparrotti says to not sell F-35 jets to Turkey amid Russian missile system deal

WASHINGTON — The United States should not follow through with a multi-billion dollar weapons sale of F-35 jets to Turkey, if Ankara takes delivery of an advanced Russian missile system, the top U.S. military commander for Europe told Congress on Tuesday.

“My best military advice would be that we don’t then follow through with the F-35, flying it or working with allies that are working with Russian systems, particularly air defense systems,” Army Gen. Curtis Scaparrotti, head of U.S. European Command, told members of the Senate Armed Services Committee.

“I would hope that they [Turkey] would reconsider this one decision on the S-400,” Scaparrotti said, adding that there could be potential consequences, namely, no future foreign military sales between Washington and Ankara.

In 2017, Ankara signed an agreement with Moscow for the S-400 missile system, a deal reportedly worth $2.5 billion. All the while, Turkey has helped finance America’s most expensive weapons system, the F-35 Joint Strike Fighter.

In short, these two big ticket weapons systems, the S-400 and the F-35, can be used against each other.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: amanda macias, sergei malgavko, tass via getty images, atilgan ozdil, anadolu agency, getty images, department of defense photo
Keywords: news, cnbc, companies, amid, sell, systems, working, s400, washington, told, turkey, scaparrotti, jets, f35, deal, russian, weapons, missile, military, system


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China trade deal looking more and more like a ‘sell the news’ opportunity for stock investors

“As such, a China deal is the most important ‘stimulus’ Trump could provide in 2019,” he wrote. U.S. Trade Representative Robert Lighthizer last week said the provisions to protect intellectual property are a big part of the working document. Bianco said even if the deal does come up short in some investors’ minds, it would be a positive. It’s about trade being a policy tool to get China to the negotiating table, on the topics of trade and many other things,” he said. Bianco said trade is an ope


“As such, a China deal is the most important ‘stimulus’ Trump could provide in 2019,” he wrote. U.S. Trade Representative Robert Lighthizer last week said the provisions to protect intellectual property are a big part of the working document. Bianco said even if the deal does come up short in some investors’ minds, it would be a positive. It’s about trade being a policy tool to get China to the negotiating table, on the topics of trade and many other things,” he said. Bianco said trade is an ope
China trade deal looking more and more like a ‘sell the news’ opportunity for stock investors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: patti domm, fred dufour, afp, getty images, jim watson
Keywords: news, cnbc, companies, opportunity, going, investors, important, expects, trade, china, uncertainty, stock, sell, provide, looking, meetings, deal, tariffs


China trade deal looking more and more like a 'sell the news' opportunity for stock investors

If tariffs are retained, some strategists say that would be a negative for the market since uncertainty would remain, and so would the impact on businesses.

“Removing the uncertainty of escalating tariffs should be enough to stimulate capex, but a cut to existing tariffs should provide a significant boost to US capex,” Clifton notes.

“As such, a China deal is the most important ‘stimulus’ Trump could provide in 2019,” he wrote.

U.S. Trade Representative Robert Lighthizer last week said the provisions to protect intellectual property are a big part of the working document. The plan is that bilateral meetings would take place on any disputes, and if the talks don’t resolve them, the U.S. could impose tariffs.

“By the time you get through all these meetings and Chinese denials, you already did harm to America’s businesses and workers. This is the U.S. going back to the Obama and Bush era,” said Derek Scissors, resident scholar at American Enterprise Institute.”We’re in a situation where we’re not enforcing our law now, and we’re setting up a mechanism which is very similar to past mechanisms where we failed to enforce our laws.”

Bianco said even if the deal does come up short in some investors’ minds, it would be a positive. He said he expects the S&P to reach 2,950 by year end, and if there was a strong deal with China, removing all tariffs, it could move to 3,000.

But he expects a deal that could retain some tariffs.

“It’s not just about trade. It’s about trade being a policy tool to get China to the negotiating table, on the topics of trade and many other things,” he said. Bianco said trade is an opening to other important issues, like the South China Sea.

“They’ve taken a lot of risks with the economy to make incremental gains, but this is going in the right direction. Overall it’s a pretty good outcome,” Bianco said.


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: patti domm, fred dufour, afp, getty images, jim watson
Keywords: news, cnbc, companies, opportunity, going, investors, important, expects, trade, china, uncertainty, stock, sell, provide, looking, meetings, deal, tariffs


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‘Shark Tank’s’ Daymond John and Robert Herjavec agree this skill is the most important for success

Like many co-workers, the stars of ABC’s “Shark Tank” mingle with each other when the cameras stop rolling during their lunch break. Shark Robert Herjavec tells CNBC Make It that he and his fellow investors — Kevin O’Leary, Mark Cuban, Daymond John, Barbara Corcoran and Lori Greiner — discuss what it really takes to be a successful entrepreneur. We Sharks in our free time at lunch talk about this all the time,” Herjavec tells CNBC Make It. They’re adaptable,” Herjavec says. Don’t miss: ‘Shark Ta


Like many co-workers, the stars of ABC’s “Shark Tank” mingle with each other when the cameras stop rolling during their lunch break. Shark Robert Herjavec tells CNBC Make It that he and his fellow investors — Kevin O’Leary, Mark Cuban, Daymond John, Barbara Corcoran and Lori Greiner — discuss what it really takes to be a successful entrepreneur. We Sharks in our free time at lunch talk about this all the time,” Herjavec tells CNBC Make It. They’re adaptable,” Herjavec says. Don’t miss: ‘Shark Ta
‘Shark Tank’s’ Daymond John and Robert Herjavec agree this skill is the most important for success Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: sarah berger
Keywords: news, cnbc, companies, herjavec, successful, skill, success, adaptable, shark, tanks, important, daymond, robert, won, sharks, tank, john, sell, tells, agree


'Shark Tank's' Daymond John and Robert Herjavec agree this skill is the most important for success

Like many co-workers, the stars of ABC’s “Shark Tank” mingle with each other when the cameras stop rolling during their lunch break. But the conversation is much deeper than workplace gossip.

Shark Robert Herjavec tells CNBC Make It that he and his fellow investors — Kevin O’Leary, Mark Cuban, Daymond John, Barbara Corcoran and Lori Greiner — discuss what it really takes to be a successful entrepreneur.

“What’s the most important skill for success? We Sharks in our free time at lunch talk about this all the time,” Herjavec tells CNBC Make It.

So what’s the verdict?

“Here’s what I think — and Daymond and I agree on this — adaptability,” says Herjavec.

“The Sharks and most successful entrepreneurs I’ve met aren’t always the smartest, the brightest, the tallest. But you know what they are? They’re adaptable,” Herjavec says.

“You put me in the middle of a jungle and I’ll figure out two things,” he says. “One, what the rules are and two, how to survive.”

Indeed, Herjavec’s own entrepreneurial journey required him to be adaptable. His family fled Yugoslavia in 1970, and he arrived in Canada by boat with his parents, a single suitcase and $20. In his 20s, he was hired by a start-up to sell IBM products, despite a lack of experience working with computers.

Herjavec would later go on to build and sell a number of IT companies, making him a multimillionaire.

Even now, as founder and CEO of cybersecurity firm Herjavec Group, he says he still has to be adaptable. The products they are selling today won’t even exist three years from now, Herjavec says; it’s the nature of technology. So adaptability is key.

“If you can adapt, you can figure out the game and you can succeed,” Herjavec says. “The world will not be won by the strong or the educated; it will be won by those who can adapt and evolve.”

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: ‘Shark Tank’ star Robert Herjavec’s first big splurge cost $6 million — and it wasn’t a house

Disclosure: CNBC owns the exclusive off-network cable rights to ABC’s “Shark Tank.”


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: sarah berger
Keywords: news, cnbc, companies, herjavec, successful, skill, success, adaptable, shark, tanks, important, daymond, robert, won, sharks, tank, john, sell, tells, agree


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When markets turn choppy, these stocks will be the first ones hedge funds bail on

When hedge funds race for the door, don’t get left holding the bag. As those high-turnover hedge funds trade and replace holdings most often, their top-owned stocks will most likely get dumped once sentiment turns. Then Jefferies located the most-owned stocks by those high-turnover hedge funds. To add to the danger, if the stocks that high-turnover funds own also lack liquidity, they could “get hammered” when the market turns choppy. These stocks are supposed to be less vulnerable to massive sel


When hedge funds race for the door, don’t get left holding the bag. As those high-turnover hedge funds trade and replace holdings most often, their top-owned stocks will most likely get dumped once sentiment turns. Then Jefferies located the most-owned stocks by those high-turnover hedge funds. To add to the danger, if the stocks that high-turnover funds own also lack liquidity, they could “get hammered” when the market turns choppy. These stocks are supposed to be less vulnerable to massive sel
When markets turn choppy, these stocks will be the first ones hedge funds bail on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: yun li, johannes eisele, afp, getty images
Keywords: news, cnbc, companies, hedge, bail, highturnover, jefferies, choppy, ones, markets, sell, turn, names, likely, holdings, investors, stocks, funds


When markets turn choppy, these stocks will be the first ones hedge funds bail on

When hedge funds race for the door, don’t get left holding the bag.

This is the advice from Jefferies’ equity strategist Steven DeSanctis, who warned investors of the darling stocks the most active funds own. As those high-turnover hedge funds trade and replace holdings most often, their top-owned stocks will most likely get dumped once sentiment turns. It’s important to recognize those crowded trades and get out before they unwind, he said.

The bank reviewed the quarterly 13-F regulatory filings from the top 100 hedge funds and found the top and bottom 25 funds by turnover, namely how frequently the managers buy and sell stocks. Then Jefferies located the most-owned stocks by those high-turnover hedge funds.

“In times of stress, investors need to focus on who owns what stocks, which funds are more likely to ‘blow out’ a name and impact performance,” DeSanctis said in a note to clients on Thursday.

The so-called tech giant FANG stocks dominated the top holdings of high-turnover funds. Software company Red Hat as well as Boeing, Honeywell, Visa, Adobe and Bank of America also made the list. The hedge fund industry overall loaded up on tech stocks at their fourth-quarter bottom, just in time to cash in on the double-digit rebound.

“The thought here is that when the market gets rocky, who is likely to purge names and who would likely add to positions. Knowing this may help investors decide whether to buy or sell a stock; also just to understand who owns names that you hold is becoming increasingly important,” DeSanctis said.

To add to the danger, if the stocks that high-turnover funds own also lack liquidity, they could “get hammered” when the market turns choppy. Jefferies said these stocks include Tribune Media, Dollar Tree, T-Mobile and L3 Technology.

Jefferies also recognized the top holdings of low-turnover funds, which are the ones that don’t buy and sell frequently. The names include biotech company Seattle Genetics, Procter & Gamble and Microsoft. These stocks are supposed to be less vulnerable to massive selling from hedge funds that hold stocks for a longer period.


Company: cnbc, Activity: cnbc, Date: 2019-03-01  Authors: yun li, johannes eisele, afp, getty images
Keywords: news, cnbc, companies, hedge, bail, highturnover, jefferies, choppy, ones, markets, sell, turn, names, likely, holdings, investors, stocks, funds


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