Tag: Investment strategy

China’s indebted property firm Evergrande committed two ‘cardinal sins,’ says portfolio manager

The Emerald Bay residential project developed by China Evergrande in the Tuen Mun district of the New Territories in Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images China Evergrande has committed “two cardinal sins” which have led to the debt crisis it’s now facing — and investors are […]

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China’s zero-Covid stance could worsen debt problems for companies

People queue to undergo nucleic acid testing for the Covid-19 coronavirus in the city of Ruili which borders Myanmar, in China’s southwestern Yunnan province on July 5, 2021. STR | AFP | Getty Images China’s zero-Covid approach could worsen the debt situation of the country’s companies, some of which are already in financial distress, says […]

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Four reasons stocks may be approaching ‘peak growth’ and what that means for investors: PNC Financial

Stocks sit near all-time highs and the U.S. economy is chugging along again. This could be as good as it gets on Wall Street. Amanda Agati, chief investment officer at PNC Financial Services Group, says the signs point to “peak growth” right now. “We’re seeing it in a number of economic indicators that we continue […]

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Leon Cooperman says his biggest position in the market now is very contrarian

Leon Cooperman on CNBC’s “Halftime Report.” Scott Mlyn | CNBC Billionaire investor Leon Cooperman said the stock market is not susceptible to an imminent correction, and investors can still find plenty of bargains. “The cyclical conditions are not ripe for a big decline,” he said, speaking on CNBC’s “Squawk Box” Thursday. “I’m finding a lot of things […]

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Match shares soar on news it will join S&P 500

The Match dating application is displayed on an Apple iPhone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500. As of Sept. 20 the online-dating company will replace Perrigo Company, which is slated […]

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Goldman believes this trade will return more than 20% over the next 12 months

Oliver Llaneza | Hulton Archive | Getty Images Despite the many recent macroeconomic concerns about the resurgence of global Covid-19 cases, the stalled economic reopening and how the Federal Reserve is going to control inflation, Goldman Sachs thinks the foundation is being laid for a booming rally in metals. Source link

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Britain’s economy is already seeing a rapid shift due to climate change

A vineyard in Surrey, England Lemanieh | iStock | Getty Images Climate change could spark major shifts in British produce in the coming decades as the country attempts to avoid a “catastrophic” environmental fallout, experts have said. At the end of July, the U.K.’s Royal Meteorological Society published its State of the U.K. Climate 2020 […]

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