David Giroux has beaten his Morningstar Moderate Allocation peer group average for 17 years. The fund manager’s record-breaking streak results from fundamental analysis and active management. Giroux is betting on Treasurys and unloved software, healthcare, and utilities stocks. Top fund manager David Giroux didn’t earn his reputation by following the hottest stocks in the market….
Famed investor Howard Marks is on bubble watch for the stock market. Marks said past bubbles involved new innovations, like AI, that ultimately led to sky-high valuations. However, while the market environment is frothy, it’s missing a key bubble ingredient, Marks said. Legendary investor Howard Marks, who famously warned about the dot-com bubble just three…
NEW YORK, NEW YORK – DECEMBER 04: Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. The NYT summit with Ross Sorkin returns with interviews on…
Elon Musk is almost $200 billion richer than Jeff Bezos and worth more than Costco. His net worth hit $447 billion after Tesla stock jumped and SpaceX’s valuation rose to $350 billion. Just five years ago, Musk was worth about $25 billion, and Tesla was valued below $100 billion. Elon Musk is nearly $200 billion…
Huawei Technologies Co.’s electric-vehicle partner Seres Group Co. is considering a second listing in Hong Kong, people familiar with the matter said, marking the latest such move by a mainland-listed company. Seres, based in Chongqing, has been speaking to prospective advisers about a potential share sale that could help it raise more than $1 billion,…
SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. The per-share price of $185 is up substantially from the $112 set in a prior valuation less…
Corporate earnings in China may continue to underwhelm as the measures taken by Beijing so far are insufficient to reverse the deflationary trend gripping the economy, according to Morgan Stanley. “We already had 13 quarters of consecutive earnings miss, and we expect the upcoming fourth quarter results to be another miss,” Laura Wang, chief China…
Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. The equity financing came from 97 investors, and includes stakes as small as…
Recession fears have eased, boosting investor confidence in the stock market. Albert Edwards warns a market pullback could come without a recession, however. Rising Treasury yields and drying liquidity could hurt stocks with valuations high. Recession fears have largely dissipated since this summer, bolstering investor confidence in a roaring stock market. But Albert Edwards wants…
The S&P 500 has returned 26% so far this year. But with expectations sky-high, how long can the rally last? Some Wall Street experts warn of muted forward returns, and are making dot-com bubble comparisons. It’s been another banner year for the S&P 500 as impressive earnings and improving expectations have propelled the benchmark index…