You can rent Reese Witherspoon’s ‘Big Little Lies’ beach house for $3,000 a night—take a look inside

Fans of HBO’s “Big Little Lies” can rent the beachfront house where Reese Witherspoon’s character Madeline Mackenzie lives for $3,000 to $5,000 per night for up to 12 people. The Cape Cod style home, which has an estimated value of between $5 million and $6 million according to Redfin, is actually located on Broad Beach in Malibu, California, though on the show Mackenzie lives in Monterey, in Northern California. Take a look. The 6,000-square-foot main home has six bedrooms.


Fans of HBO’s “Big Little Lies” can rent the beachfront house where Reese Witherspoon’s character Madeline Mackenzie lives for $3,000 to $5,000 per night for up to 12 people. The Cape Cod style home, which has an estimated value of between $5 million and $6 million according to Redfin, is actually located on Broad Beach in Malibu, California, though on the show Mackenzie lives in Monterey, in Northern California. Take a look. The 6,000-square-foot main home has six bedrooms.
You can rent Reese Witherspoon’s ‘Big Little Lies’ beach house for $3,000 a night—take a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: jimmy im
Keywords: news, cnbc, companies, lives, little, big, house, peoplethe, nighttake, million, inside, redfin, witherspoons, look, reese, rent, mackenzie, value, lies, style


You can rent Reese Witherspoon's 'Big Little Lies' beach house for $3,000 a night—take a look inside

Fans of HBO’s “Big Little Lies” can rent the beachfront house where Reese Witherspoon’s character Madeline Mackenzie lives for $3,000 to $5,000 per night for up to 12 people.

The Cape Cod style home, which has an estimated value of between $5 million and $6 million according to Redfin, is actually located on Broad Beach in Malibu, California, though on the show Mackenzie lives in Monterey, in Northern California.

Take a look.

The 6,000-square-foot main home has six bedrooms.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: jimmy im
Keywords: news, cnbc, companies, lives, little, big, house, peoplethe, nighttake, million, inside, redfin, witherspoons, look, reese, rent, mackenzie, value, lies, style


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These 15 cities boast the best 20-year returns on home values

Depending where you live, staying put in your home for the last two decades could be paying off well. As in really well. While the median nationwide home value is about 90% higher now than it was in 1999 — $226,800 compared with about $119,000 — some spots boast values that have jumped far more than that. In some places, the gain is more than 300% or even 400%. However, that doesn’t take into consideration other housing costs that can eat into profits: property taxes, maintenance or improvements


Depending where you live, staying put in your home for the last two decades could be paying off well. As in really well. While the median nationwide home value is about 90% higher now than it was in 1999 — $226,800 compared with about $119,000 — some spots boast values that have jumped far more than that. In some places, the gain is more than 300% or even 400%. However, that doesn’t take into consideration other housing costs that can eat into profits: property taxes, maintenance or improvements
These 15 cities boast the best 20-year returns on home values Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: sarah obrien, david paul morris, bloomberg, getty images, jim r bounds
Keywords: news, cnbc, companies, best, value, spots, 15, returns, boast, staying, profits, wellwhile, property, thatin, really, values, 20year, taxes, cities


These 15 cities boast the best 20-year returns on home values

Depending where you live, staying put in your home for the last two decades could be paying off well. As in really well.

While the median nationwide home value is about 90% higher now than it was in 1999 — $226,800 compared with about $119,000 — some spots boast values that have jumped far more than that.

In some places, the gain is more than 300% or even 400%. However, that doesn’t take into consideration other housing costs that can eat into profits: property taxes, maintenance or improvements.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: sarah obrien, david paul morris, bloomberg, getty images, jim r bounds
Keywords: news, cnbc, companies, best, value, spots, 15, returns, boast, staying, profits, wellwhile, property, thatin, really, values, 20year, taxes, cities


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The US is more likely to end the trade war than face a ‘Trump recession,’ JP Morgan’s top quant says

J.P. Morgan’s head quant said Wednesday that a U.S.-China trade deal could head off a “Trump recession” and ignite a powerful rally in value and high beta stocks. The trade war has so far offset all benefits of fiscal stimulus and could lead to a global recession if it continues. That recession would be called the “Trump recession” because it would have been mainly caused by the trade policies of President Donald Trump’s administration, he noted. “The impact of the trade war was particularly neg


J.P. Morgan’s head quant said Wednesday that a U.S.-China trade deal could head off a “Trump recession” and ignite a powerful rally in value and high beta stocks. The trade war has so far offset all benefits of fiscal stimulus and could lead to a global recession if it continues. That recession would be called the “Trump recession” because it would have been mainly caused by the trade policies of President Donald Trump’s administration, he noted. “The impact of the trade war was particularly neg
The US is more likely to end the trade war than face a ‘Trump recession,’ JP Morgan’s top quant says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: patti domm
Keywords: news, cnbc, companies, likely, rally, war, segments, quant, face, steel, trade, head, end, value, stocks, trump, morgans, jp, recession


The US is more likely to end the trade war than face a 'Trump recession,' JP Morgan's top quant says

J.P. Morgan’s head quant said Wednesday that a U.S.-China trade deal could head off a “Trump recession” and ignite a powerful rally in value and high beta stocks.

Marko Kolanovic, global head of quantitative and derivatives strategy, said in a note that he is “cautiously positive” on stocks, but his view carries risk because it depends on progress being made in the trade war.

The trade war has so far offset all benefits of fiscal stimulus and could lead to a global recession if it continues. That recession would be called the “Trump recession” because it would have been mainly caused by the trade policies of President Donald Trump’s administration, he noted.

If the trade battle were to end, Kolanovic expects there would be a swift rally in the stock market.

“This would translate into a quick ~5% rally in broad markets, and a 10-20% rally in value and high beta. As a strong market and avoiding a recession would boost re-election odds, it would only be rational to expect this outcome,” wrote the analyst.

“The impact of the trade war was particularly negative on segments that were its intended beneficiaries — such as manufacturing (autos, electrical equipment, etc.), smaller domestic companies, steel industry, etc,” he noted. For instance, U.S. Steel has fallen 75% since the start of the trade war.

But segments that might not do well include defensive and low-volatility segments, like low-beta stocks, utilities, REITs and staples. Those sectors are “very expensive and might be poised to underperform in both positive and negative trade scenarios.”


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: patti domm
Keywords: news, cnbc, companies, likely, rally, war, segments, quant, face, steel, trade, head, end, value, stocks, trump, morgans, jp, recession


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As US-China relations sour, Taiwan’s value as a ‘chess piece’ may rise

Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington hav


Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington hav
As US-China relations sour, Taiwan’s value as a ‘chess piece’ may rise Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: shirley tay
Keywords: news, cnbc, companies, taiwans, sour, chess, ustaiwan, tsai, chinese, rise, china, grossman, uschina, trump, relations, beijing, taiwan, value, piece, president


As US-China relations sour, Taiwan's value as a 'chess piece' may rise

Taiwan’s President Tsai Ing-Wen waves to assembled guests from the deck of the ‘Ming Chuan’ frigate during a ceremony to commission two Perry-class guided missile frigates from the U.S. into the Taiwan Navy, in the southern port of Kaohsiung on November 8, 2018. Chris Stowers | AFP | Getty Images

As the United States and China remain deadlocked in a deepening dispute over trade and technology, some experts say Taiwan’s value as a bargaining chip has increased. The self-governed island — which Beijing deems to be a renegade Chinese province — is one of many flashpoints in the rivalry between the world’s two superpowers. Taiwan has always been a “chess piece” that Washington can play with in U.S.-China relations, said Zhiqun Zhu, a professor of political science and international relations at Bucknell University. “Taiwan’s value to the U.S. will only increase as tensions between the U.S. and China escalate,” Zhu told CNBC. Under the Chinese Communist Party’s “One China” policy, the self-ruled island is part of mainland China. Chinese President Xi Jinping has said before that China “must be and will be” reunified with Taiwan — by force if necessary. However, recent military and diplomatic actions from Washington have been seen by Beijing as U.S. support for Taiwan’s independence movement. At the Shangri-la dialogue in Singapore last weekend, Chinese Lieutenant General Shao Yuanming said Washington’s support for Taipei has sent “terribly wrong signals to Taiwan’s independence forces, which could undermine regional peace and stability. ” “If anyone wants to separate Taiwan from the country, the Chinese military will resolutely defend the unity of our motherland at all costs,” Shao added.

‘Upgrade’ in US-Taiwan relations

The U.S. using Taiwan as a card is a new factor in the dynamic of the trilateral relationship that “really did not exist” before President Donald Trump came into power, said Bonnie Glaser, senior advisor for Asia at Washington-based think tank Center for Strategic and International Studies (CSIS). “Trump is a transactional president and he often seems to be willing to put anything on the table,” she told CNBC. On the military front, the Trump administration has ramped up arms sales to Taipei over the years, invoking the ire of Beijing. Washington is reportedly preparing a sale of more than $2 billion worth of tanks and weapons to Taiwan. Diplomatic issues have also come to the fore. In May, high-level security officials from the U.S. and Taiwan met for the first time in nearly four decades, drawing an angry response from Beijing. Chinese Foreign Minister Lu Kang said Beijing is “strongly dissatisfied” with and “resolutely opposed” to any official meetings between the U.S. and Taiwan. “I believe we’re inching closer & closer to Beijing’s redline on US-Taiwan senior official mtgs–those that are publicized at least,” Derek Grossman, a senior defense analyst at California-based think tank RAND Corporation, said on Twitter after the U.S.-Taiwan meeting.

Chinese President Xi Jinping arrives for an event to commemorate the 40th anniversary of the Message to Compatriots in Taiwan at the Great Hall of the People January 2, 2019 in Beijing, China. Mark Schiefelbein | Pool | Getty Images

Grossman told CNBC on email that his understanding is that such meetings “have been ongoing for some time in private.” “My hunch is that it was publicized this time via intentional leak from one or both sides to signal to China that the upgrade in U.S.-Taiwan relations is here to stay,” he added.

Taiwan’s next leader is key

Taiwan is set to have its presidential elections in January 2020 — and experts said the polls would likely determine the direction of cross-strait ties. Grossman said that if the incumbent Taiwanese president Tsai Ing-Wen is re-elected, which is “likely,” cross-strait tensions are likely to escalate further from 2020 to 2024. Glaser from CSIS echoed that sentiment, adding that if a candidate from the independence-leaning Democratic Progressive Party was elected, China would ratchet up military, diplomatic and economic pressure. “I think the Chinese would be worried that there’s always this potential for things to go in a very negative direction because the combination of Trump being president and the possibility that Tsai gets re-elected … could really embolden Tsai to move toward the direction of independence,” she added.

China could miscalculate and think the United States would get involved in a conflict, and that would really be a very dangerous situation. Bonnie Glaser senior advisor for Asia at the Center for Strategic and International Studies

According to Grossman, the best hope for keeping tensions under wraps would be if a candidate from the opposition Kuomintang (KMT) party wins the next Taiwan presidential race and recognizes the “One China” policy. That said, Grossman added, public opinion polling in Taiwan has shown that voters will not likely support the opposition KMT in doing so. “The Taiwanese have been observing how China’s ‘One Country, Two Systems’ approach has worked out in Hong Kong, and it isn’t too inspiring,” Grossman added. A public opinion survey conducted by the Taiwan’s Mainland Affairs Council in May also found that 83.6% of Taiwan opposes Xi’s “one country, two systems” policy.

A ‘small’ risk of escalation


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: shirley tay
Keywords: news, cnbc, companies, taiwans, sour, chess, ustaiwan, tsai, chinese, rise, china, grossman, uschina, trump, relations, beijing, taiwan, value, piece, president


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Need a summer reading list? Stanford professors say these 5 books will boost your success and value in life

But at the end of the day, it all comes down to how much value you bring to the world. Georgia Hunter says it took her nearly a decade of research to write “We Were the Lucky Ones.” She recorded family narratives, translated old letters and documents and reached out to a number of people, museums and organizations. This truly moving novel shows that even in the toughest battles, empathy and love can be our strongest weapons. “Swimming With Sharks: My Journey Into the World of Bankers,” by Joris


But at the end of the day, it all comes down to how much value you bring to the world. Georgia Hunter says it took her nearly a decade of research to write “We Were the Lucky Ones.” She recorded family narratives, translated old letters and documents and reached out to a number of people, museums and organizations. This truly moving novel shows that even in the toughest battles, empathy and love can be our strongest weapons. “Swimming With Sharks: My Journey Into the World of Bankers,” by Joris
Need a summer reading list? Stanford professors say these 5 books will boost your success and value in life Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: john hall
Keywords: news, cnbc, companies, list, swimming, ones, need, sector, novel, lucky, reading, things, professor, life, stanford, success, summer, world, sharks, say, value, professors


Need a summer reading list? Stanford professors say these 5 books will boost your success and value in life

Success can mean different things to different people. For some, it’s fame and fortune. For others, it’s a prestigious job. But at the end of the day, it all comes down to how much value you bring to the world.

As Bill Gates once said, “When a country has the skill and self-confidence to take action against its biggest problems, it makes outsiders eager to be a part of it.”

Recently, Stanford Business magazine asked faculty members from the Stanford Graduate School of Business to recommend books that inspired them to place the common good above their own personal interests:

1. “We Were the Lucky Ones, ” by Georgia Hunter

Recommended by Szu-chi Huang, Associate Professor of Marketing

Inspired by the true story of a Jewish family who was separated at the start of World War II, this novel demonstrates the resolve and power of the human spirit. Georgia Hunter says it took her nearly a decade of research to write “We Were the Lucky Ones.” She recorded family narratives, translated old letters and documents and reached out to a number of people, museums and organizations. This truly moving novel shows that even in the toughest battles, empathy and love can be our strongest weapons.

2. “Swimming With Sharks: My Journey Into the World of Bankers,” by Joris Luyendijk

Recommended by Peter A.E. Koudijs, Associate Professor of Finance

It’s interesting to get a behind-the-scenes look at the ugly underbelly of the financial sector: A brewing pot of toxic culture, burnout, backstabbing and bonus-obsessed co-workers — especially through the lens of Joris Luyendijk, an investigative journalist who knew very little about banking prior to writing the book. While “Swimming with Sharks” is a tale of greed and dishonesty, it does offer plenty of insight into what future leaders in the sector can do to implement a culture driven by positive values.

3. “No Longer at Ease,” by Chinua Achebe

Recommended by Scotty McLennan, Lecturer in Political Economy

From the author of the best-selling book “Things Fall Apart,” this novel tells the story of a young and educated man who returns home from university abroad full of high hopes and new principles.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: john hall
Keywords: news, cnbc, companies, list, swimming, ones, need, sector, novel, lucky, reading, things, professor, life, stanford, success, summer, world, sharks, say, value, professors


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Crypto entrepreneur to pay $4.6 million for charity lunch with bitcoin skeptic Warren Buffett

A cryptocurrency entrepreneur will pay millions to have lunch with one of the most notable bitcoin skeptics out there: Warren Buffett. Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, had the winning bid at $4.57 million. When asked for comment, Buffett laughed out loud and told CNBC’s Becky Quick he was looking forward to the lunch. Based on his comments since 2013, Buffett would probably disagree with that characterization of cryptocurrency. Buffett and ot


A cryptocurrency entrepreneur will pay millions to have lunch with one of the most notable bitcoin skeptics out there: Warren Buffett. Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, had the winning bid at $4.57 million. When asked for comment, Buffett laughed out loud and told CNBC’s Becky Quick he was looking forward to the lunch. Based on his comments since 2013, Buffett would probably disagree with that characterization of cryptocurrency. Buffett and ot
Crypto entrepreneur to pay $4.6 million for charity lunch with bitcoin skeptic Warren Buffett Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: kate rooney
Keywords: news, cnbc, companies, bitcoin, longterm, entrepreneur, cryptocurrency, blockchain, warren, letter, ceo, buffett, strategy, crypto, million, skeptic, charity, value, cryptocurrencies, pay, lunch, company


Crypto entrepreneur to pay $4.6 million for charity lunch with bitcoin skeptic Warren Buffett

A cryptocurrency entrepreneur will pay millions to have lunch with one of the most notable bitcoin skeptics out there: Warren Buffett.

Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing company BitTorrent, had the winning bid at $4.57 million. In an open letter posted on Medium, Sun said he would invite other blockchain industry leaders to dine with the legendary value investor in New York.

When asked for comment, Buffett laughed out loud and told CNBC’s Becky Quick he was looking forward to the lunch.

Sun said in the letter that he was “a long-term believer (and certainly a big fan) of Buffett and his long-term value investing strategy,” adding that “the long-term value investment strategy and cryptocurrency, in my eyes, are one in the same.”

Based on his comments since 2013, Buffett would probably disagree with that characterization of cryptocurrency. The Berkshire Hathaway CEO has labeled the world’s first and largest digital currency everything from “rat poison squared” to a “delusion” that “attracts charlatans.” Berkshire Vice Chairman Charlie Munger has called it a “turd,” and said at the annual shareholder meeting that trading cryptocurrencies is “just dementia.”

They are in good company — Jamie Dimon and Bill Gates, economists Nouriel Roubini and Robert Shiller, and the fund managers Ray Dalio and Howard Marks have all questioned bitcoin’s legitimacy. Buffett and others have been less critical of bitcoin’s underlying technology blockchain, which has use cases aside from cryptocurrencies.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: kate rooney
Keywords: news, cnbc, companies, bitcoin, longterm, entrepreneur, cryptocurrency, blockchain, warren, letter, ceo, buffett, strategy, crypto, million, skeptic, charity, value, cryptocurrencies, pay, lunch, company


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SpaceX valuation rises to $33.3 billion as investors look to satellite opportunity

The value of SpaceX has risen to $33.3 billion, people familiar with the company’s recent fundraising told CNBC. SpaceX has raised just over $1 billion this year, as the company accelerates fundraising to develop its plan to beam high-speed internet to anywhere on Earth. Tesla shares closed down on Friday giving the company a market value of $32.8 billion – just below SpaceX’s valuation. SpaceX’s valuation has risen steadily as the company has raised funding for rockets, spacecraft and more over


The value of SpaceX has risen to $33.3 billion, people familiar with the company’s recent fundraising told CNBC. SpaceX has raised just over $1 billion this year, as the company accelerates fundraising to develop its plan to beam high-speed internet to anywhere on Earth. Tesla shares closed down on Friday giving the company a market value of $32.8 billion – just below SpaceX’s valuation. SpaceX’s valuation has risen steadily as the company has raised funding for rockets, spacecraft and more over
SpaceX valuation rises to $33.3 billion as investors look to satellite opportunity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: michael sheetz
Keywords: news, cnbc, companies, risen, 333, investors, valuation, opportunity, look, rises, satellite, fundraising, value, spacexs, billion, raised, spacex, company, round, million


SpaceX valuation rises to $33.3 billion as investors look to satellite opportunity

Elon Musk’s second-most famous business may soon top his first.

The value of SpaceX has risen to $33.3 billion, people familiar with the company’s recent fundraising told CNBC. In an amendment of its April fundraising effort, a filing last week from SpaceX showed the company’s latest round brought in $536 million at a price of $204 a share. SpaceX has raised just over $1 billion this year, as the company accelerates fundraising to develop its plan to beam high-speed internet to anywhere on Earth.

Additionally, Musk’s space company is now more valuable than his electric vehicle company. Tesla shares closed down on Friday giving the company a market value of $32.8 billion – just below SpaceX’s valuation.

SpaceX’s valuation has risen steadily as the company has raised funding for rockets, spacecraft and more over the past decade. Most recently, SpaceX was reportedly valued at $30.5 billion. The company has been able to draw investment from private markets with ease, as a person familiar with SpaceX’s fundraising this year said both its equity raises were oversubscribed. In the most recent round, investor demand meant SpaceX could have raised between $300 million to $400 million more than it did, the person said.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: michael sheetz
Keywords: news, cnbc, companies, risen, 333, investors, valuation, opportunity, look, rises, satellite, fundraising, value, spacexs, billion, raised, spacex, company, round, million


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Cloud company Zuora loses almost a quarter of its value on weak guidance

Dow stock Intel could see sharp rebound after worst month in…Investors took the ‘sell in May’ mantra to heart this month, sending around two-thirds of the Dow into a correction or worse. One of those names looks primed for a comeback. Trading Nationread more


Dow stock Intel could see sharp rebound after worst month in…Investors took the ‘sell in May’ mantra to heart this month, sending around two-thirds of the Dow into a correction or worse. One of those names looks primed for a comeback. Trading Nationread more
Cloud company Zuora loses almost a quarter of its value on weak guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: ari levy
Keywords: news, cnbc, companies, sharp, zuora, dow, month, sell, guidance, stock, weak, cloud, loses, quarter, value, worst, took, company, sending, worse, twothirds


Cloud company Zuora loses almost a quarter of its value on weak guidance

Dow stock Intel could see sharp rebound after worst month in…

Investors took the ‘sell in May’ mantra to heart this month, sending around two-thirds of the Dow into a correction or worse. One of those names looks primed for a comeback.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-30  Authors: ari levy
Keywords: news, cnbc, companies, sharp, zuora, dow, month, sell, guidance, stock, weak, cloud, loses, quarter, value, worst, took, company, sending, worse, twothirds


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Roku’s 200% surge this year has made the stock too expensive, analyst says

Roku has tripled in value this year, outperforming almost every notable technology stock, and Kyle Evans of investment bank Stephens says the rally has finally gone too far. Evans downgraded his rating on Roku to “equalweight” from “overweight,” citing too much near-term risk to the stock after the run-up that pushed the streaming video company to a market cap of about $11 billion. The analyst pointed to last year’s third-quarter results and Roku’s slight miss in platform revenue, which sent the


Roku has tripled in value this year, outperforming almost every notable technology stock, and Kyle Evans of investment bank Stephens says the rally has finally gone too far. Evans downgraded his rating on Roku to “equalweight” from “overweight,” citing too much near-term risk to the stock after the run-up that pushed the streaming video company to a market cap of about $11 billion. The analyst pointed to last year’s third-quarter results and Roku’s slight miss in platform revenue, which sent the
Roku’s 200% surge this year has made the stock too expensive, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: ari levy
Keywords: news, cnbc, companies, surge, analyst, rokus, roku, tripled, stephens, thirdquarter, video, slight, technology, streaming, stock, value, 200, expensive


Roku's 200% surge this year has made the stock too expensive, analyst says

Roku has tripled in value this year, outperforming almost every notable technology stock, and Kyle Evans of investment bank Stephens says the rally has finally gone too far.

Evans downgraded his rating on Roku to “equalweight” from “overweight,” citing too much near-term risk to the stock after the run-up that pushed the streaming video company to a market cap of about $11 billion. The analyst pointed to last year’s third-quarter results and Roku’s slight miss in platform revenue, which sent the stock down 22%.

The shares dropped 7.3 to $88.83 on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-05-28  Authors: ari levy
Keywords: news, cnbc, companies, surge, analyst, rokus, roku, tripled, stephens, thirdquarter, video, slight, technology, streaming, stock, value, 200, expensive


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Wall Street misunderstands Tesla, says analyst whose lowest price target is triple current levels

An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture. Tasha Keeney, an Ark analyst, said in an interview on CNBC’s “Squawk Box” that Wall Street is “misunderstanding the Tesla story” and the potential upside of Elon Musk’s vision. This week, Morgan Stanley put a worst-case of $10 per share on Tesla. The electric vehicle maker began the month saying it would raise more than $2 bil


An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture. Tasha Keeney, an Ark analyst, said in an interview on CNBC’s “Squawk Box” that Wall Street is “misunderstanding the Tesla story” and the potential upside of Elon Musk’s vision. This week, Morgan Stanley put a worst-case of $10 per share on Tesla. The electric vehicle maker began the month saying it would raise more than $2 bil
Wall Street misunderstands Tesla, says analyst whose lowest price target is triple current levels Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, misunderstands, ark, value, price, month, street, target, triple, musk, stock, billion, vehicles, share, tesla, levels, current, lowest, wall


Wall Street misunderstands Tesla, says analyst whose lowest price target is triple current levels

An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture.

Ark Invest, whose founder predicted on CNBC last year that Tesla could hit $4,000 per share, stands by that call, even as the stock has lost about 40% of its value in 2019.

Tasha Keeney, an Ark analyst, said in an interview on CNBC’s “Squawk Box” that Wall Street is “misunderstanding the Tesla story” and the potential upside of Elon Musk’s vision. Musk’s accomplishments are widely acknowledged, but he’s gotten himself and Tesla into trouble with the government over his comments, stemming from an August tweet about possibly taking the company private with “funding secured.”

Keeney said Ark believes so strongly in Tesla that its five-year, bear-case scenario is $560 per share, which would be nearly triple the value of where the stock closed Thursday at $195.

This week, Morgan Stanley put a worst-case of $10 per share on Tesla. A day later, Citigroup said the stock could fall to $36 per share.

Tesla has always been a battleground stock as one of the most loved and hated. Tesla is also one of the most shorted stocks. Shorting a stock is a bet that it will go down.

The electric vehicle maker began the month saying it would raise more than $2 billion through stock and convertible debt. The company’s cash burn and need to repeatedly raise money has been a concern among its detractors.

Keeney, however, said Ark is not troubled by additional fundraising. “If we talk about cash, and those worries, in our valuation model we actually expect, we have Tesla raising an additional $10 billion to $20 billion in the next five years. And we’re actually OK with that.”

“We want them to get as many cars on the road as possible” with the next step of running a “fully autonomous taxi network.” Last month, Musk promised 1 million vehicles on the road next year that are able to function as “robo-taxis,” a claim that was generally thought to be optimistic, at best.

On an investor call earlier this month, two of the invitees told CNBC that Musk predicted autonomous driving will transform Tesla into a company with a $500 billion stock market value. As of Thursday’s close, Tesla’s market cap was just over $34 billion.

Keeney admits that Musk sets “extremely aggressive goals” and often falls short. “But in doing that, in sort of pushing to that target, they’ve been able to achieve the impossible so far.”

She also countered the argument that demand for Tesla vehicles is waning. “Sixty-nine percent of the trade-ins for the Model 3, for the standard range version, were non-premium vehicles. So they are pulling in demand from other segments. They outsold their next best competitor by 60% in the premium vehicle segment.”

“People clearly like these cars for a good reason. Tesla has a software advantage that no one else can beat,” she added.


Company: cnbc, Activity: cnbc, Date: 2019-05-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, misunderstands, ark, value, price, month, street, target, triple, musk, stock, billion, vehicles, share, tesla, levels, current, lowest, wall


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