Sales & Marketing news

• An investing legend who's nailed the bull market at every turn sees no end in sight for the 269% rally

  17-09-2017 22:05 via feedproxy.google.com
  Laszlo Birinyi, the investing legend, has nailed the eight-year bull market at every turn, and he sees stocks continuing to rise going forward.
  He thinks stock bears are ignoring the high levels of cash floating around the market right now.
  When Laszlo Birinyi talks about the stock market, it's in your best interest to listen.
  The legendary investor and president of Birinyi Associates has repeatedly nailed his predictions since the start of the bull market. He was one of the first analysts to r
  
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• The stock market's safety net is disappearing — and it has its own success to blame

  17-09-2017 21:02 via feedproxy.google.com
  A strategy frequently deployed to boost share prices is on the decline — and companies have their own success to blame.
  The method in question is buybacks, in which companies purchase their own shares. It has been a popular technique for bolstering stock prices since the financial crisis.
  Spending on buybacks, however, has slipped over the past six months. Investment-grade-rated corporations repurchased $64 billion worth of stock in the second quarter, down from $84 billion in the fourth q
  
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• JAMIE DIMON: Bitcoin is a fraud that's 'worse than tulip bulbs'

  17-09-2017 20:22 via feedproxy.google.com
  JPMorgan CEO Jamie Dimon says bitcoin is worse than the most famous asset bubble in history.
  The cryptocurrency is "worse than tulip bulbs," Dimon said at a Barclays Conference on Tuesday, according to Bloomberg. That's a reference to the arrival and boom of the tulip plant in 17th-century Europe. Its market boomed as people speculated on its price, and it all ended in panic selling. 
  He added that "it's a fraud" that would eventually blow up.
  Bitcoin has rocketed more than 350% t
  
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• NFL quarterbacks and tech stocks dominate their respective worlds — here are 7 perfect matchups (AAPL, APRN, TSLA, TWTR, BABA, AMZN, FB)

  17-09-2017 18:40 via feedproxy.google.com
  Tech companies and NFL quarterbacks have a surprising amount in common.
  While tech stocks carry outsize influence, often dictating the direction of the whole market, professional football teams are also at the whim of their signal-callers. The market would crash if tech stocks started failing — the dot-com bubble anyone? — just in the way an injury to an NFL team's starting quarterback usually spells certain disaster.
  Now, as the NFL season kicks off, many casual football fans are tr
  
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• RAY DALIO: 'Quizzical' Chinese leadership still trying to figure Trump out

  17-09-2017 18:05 via feedproxy.google.com
  Billionaire hedge fund manager Ray Dalio says that Chinese leadership is still trying to figure out US President Donald Trump. 
  When asked to characterize Chinese leadership's feelings on Trump thus far, Dalio responded: "Quizzical."
  "I found the Chinese leadership to be intelligent, having equanimity," and akin to good chess players, Dalio told an audience of Wall Street money managers at the Delivering Alpha conference on Tuesday, September 12.
  "They're in the process of figurin
  
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• Trump is set to have an unusual level of influence over the Fed — and that's needed right now

  17-09-2017 17:30 via feedproxy.google.com
  With four key vacancies on the Federal Reserve's Board of Governors, President Donald Trump is set to reshape the central bank. 
  A fifth spot could open by February, when Chair Janet Yellen's four-year term ends. Trump said Thursday that he likes and respects Yellen, but hasn't made a decision on whether to renominate her yet.
  Trump, who values loyalty, might well appoint yes-men and women to lead the central bank. "Investors I talk to in the US, Europe, and Asia are in my view to
  
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• 'It' slays the box office again while Jennifer Lawrence has a career-worst opening

  17-09-2017 17:23 via feedproxy.google.com
  It was the tale of two studios this weekend at the multiplex: Warner Bros. continued raking in the dough with its hit movie "It" while Paramount navigated the dreaded "F" CinemaScore for the Jennifer Lawrence dud "mother!"
  Following its record-breaking opening weekend last week, "It" fed off the word-of-mouth as it took in an estimated $60 million this weekend to win the box office for a second-straight weekend, according to boxofficepro.com.
  The movie is performing beyond anything Warner Bros.
  
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• 'Dangerous volatility' is inciting flashbacks to the financial crisis

  17-09-2017 17:03 via feedproxy.google.com
  Markets around the world have been grappling with historically low volatility for some time now. And Societe Generale thinks they're finally due for a reckoning.
  In fact, the situation has gotten so tenuous that it's reminding the firm of the period leading up to the most recent financial crisis.
  Back in February 2007, stock market volatility was at low levels similar to those seen today. Price swings picked up in subsequent months, presaging a market peak that came about eight months later, bef
  
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• Here are the unique names the NYC 'Taxi King' had for his 22 companies that went bankrupt

  17-09-2017 16:34 via feedproxy.google.com
  In July 2015, Evgeny "Gene" Freidman   — New York City's one-time "Taxi King" —  filed for Chapter 11 bankruptcy protection for 22 of his companies after defaulting on a $34 million loan from Citibank.
  Those 22 companies held a total of 46 taxi medallions, the metal plates on the hoods of yellow cabs that allow them to legally pick up people on the streets. Freidman at one time was one of New York City's biggest taxi owners with over 800 medallions.
  But
  
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• Hedge fund legend Julian Robertson says Apple is 'not that expensive of a stock' (FB, AAPL, GOOGL)

  17-09-2017 16:30 via feedproxy.google.com
  Is Apple, now trading near all-time highs with a market cap of $833 billion, overpriced?
  Hedge fund legend Julian Robertson, who has several decades of investing under his belt, doesn't think so. 
  "I think we should definitely look at Apple," Robertson told an audience of Wall Street money managers at the Delivering Alpha conference on Tuesday, September 12. "Apple is not that expensive of a stock." 
  Robertson also believes Facebook, Google, and Netflix have plenty of room to
  
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• One graphic explains everything going on in money management right now (BLK, WETF, BX)

  17-09-2017 16:27 via feedproxy.google.com
  You might have heard that the money management business is changing. 
  On one hand, passive funds, which track an index and charge minimal fees, have hoovered up assets at a high rate over the past decade. Credit Suisse is forecasting that passive funds could make up 50% of US equity retail assets by 2018. Additionally, Goldman Sachs just launched a "smart-beta" exchange-traded fund, which tracks an equal weight index of roughly 500 large cap stocks, with an expense ratio of j
  
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• Hurricanes Irma and Harvey cause Goldman Sachs to slash its outlook for the US economy

  17-09-2017 16:02 via feedproxy.google.com
  Goldman Sachs has cut its third-quarter GDP forecast following a pair of catastrophic hurricanes.
  The firm now sees GDP expanding by 2% during the period, down 0.8 percentage points from its previous forecast.
  Goldman currently estimates that Hurricane Irma will result in $30 billion in total losses, adding to the $85 billion of damage already caused by Hurricane Harvey, which rocked the city of Houston last month.
  "The uncertainty around all of these figures is high, but there is little doubt t
  
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• A CEO explains how the answer to an unusual interview question helps determine who should get hired (TREX)

  17-09-2017 15:21 via feedproxy.google.com
  Most job candidates go into interviews expecting to discuss their previous jobs, academic work, and hobbies. 
  But James Cline, CEO of the outdoor decks-maker Trex Company, prefers to reach even further into the past by asking, "what's your oldest memory?" 
  "I want to understand their background, their roots, where they came from, what it was like growing up," he told Business Insider.
  If an interviewee played softball, for example, Cline would want to know whether they were the ki
  
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