Sales & Marketing news

• Billionaire investor Leon Cooperman ramps up his criticism of Bernie Sanders, calling him a 'bigger threat' to the stock market than coronavirus

  18-02-2020 22:42 via feedproxy.google.com
  Billionaire investor Leon Cooperman ripped into Sanders, saying he was "a bigger threat" to the stock market compared to the coronavirus, which has killed over 1,875 people in China.
  Cooperman also called the Vermont senator a communist.
  It's not the first time he weighed in on the volatile Democratic primary, as he previously tore into Elizabeth Warren last year as she gained strength in national polls.
  Visit Business Insider's homepage for more stories.
  Billionaire investor Leon Cooperman ramp
  
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• 'Tough pill to swallow for the bulls': Here's what 4 Wall Street analysts are saying about Apple's coronavirus-stricken sales forecast (AAPL)

  18-02-2020 22:26 via feedproxy.google.com
  Apple shares sank in Tuesday trading after the company warned quarterly revenue would fall below initial estimates, but analysts aren't fazed.
  Most research firms remain bullish toward the tech giant, praising its diversification of revenue streams, surging Services business, and upcoming 5G iPhone lineup.
  Revenue lost during the second quarter will likely materialize in the second half of 2020 as consumers boost spending activity post-outbreak, analysts wrote.
  Here's what four analysts had to s
  
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• A famous hedge fund bought Tesla stock before it doubled this year. It potentially raked in over $1.5 billion from the bet.

  18-02-2020 21:08 via feedproxy.google.com
  Renaissance Technologies might have made over $1.5 billion in two months after buying Tesla stock last quarter.
  The hedge fund raised its stake to 3.9 million shares, worth about $1.6 billion at the end of December.
  Those shares would be worth almost $3.2 billion now after Tesla's stock rally this year.
  If Renaissance bought Tesla at $250 in October and sold at the $97o peak, it could have netted almost $3 billion.
  Watch Tesla trade live.
  Visit Business Insider's homepage for more stories.
  Renai
  
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• JPMorgan boosted its Tesla stake by 600% last quarter, potentially scoring it a $1 billion return

  18-02-2020 20:59 via feedproxy.google.com
  JPMorgan Chase potentially made over $1 billion from Tesla in under two months.
  The bank's investment arm boosted its stake by 600% last quarter to around 2.5 million shares.
  Those shares have roughly doubled in value to $2.1 billion thanks to Tesla's stock rally.
  JPMorgan may have netted more than $2 billion if it bought and sold at the right time.
  Visit Business Insider's homepage for more stories.JPMorgan Chase may have made over $1 billion from Tesla in less than two months. It boosted its s
  
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• Here's why one Wall Street firm says coronavirus will be much more difficult for China to overcome than SARS

  18-02-2020 20:56 via feedproxy.google.com
  China may have a rocky recovery from coronavirus, according to Nomura analyst Richard Koo.
  Key parts of the economy that supported recovery after SARS, such as a growing labor force and corporate investment, may be lacking today, he said.
  Visit Business Insider's home page for more stories.Much of Wall Street expects China's economy to bounce back from coronavirus with few long-term consequences, just as it did with SARS in 2003. That's misguided, according to Nomura analyst Richard Koo.
  There a
  
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• A top Trump adviser was contradicted on air during a CNN fact-check of the Obama economy. He still said it was 'horrible.'

  18-02-2020 20:23 via feedproxy.google.com
  CNN host Poppy Harlow and White House adviser Peter Navarro clashed on the Obama economy during a segment on Tuesday.
  "Don't both presidents deserve credit for good economies?" Harlow asked Navarro.
  The CNN host showed Navarro a series of charts with government data that contradicted his claims, but Navarro still called the Obama economy "horrible." 
  Visit Business Insider's homepage for more stories.
  A CNN segment turned testy on Tuesday for White House trade adviser Peter Navarro after he
  
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• Here are the top stocks Warren Buffett's Berkshire Hathaway bought and sold at the end of 2019

  18-02-2020 20:17 via feedproxy.google.com
  Berkshire Hathaway, which is led by famed value investor Warren Buffett, released on Friday SEC filings showing which company stocks it bought, sold, and held in the fourth quarter of 2019.
  At the end of the year, the Berkshire Hathaway portfolio was worth roughly $248 billion, up from about $234 billion at the end of the third quarter in 2019. 
  Buffett wrote in a 2018 letter to shareholders that he expected Berkshire Hathaway would increase holdings in company stocks in 2019. 
  He
  
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• The coronavirus outbreak is dangerously close to shrinking global growth this quarter, UBS warns

  18-02-2020 20:02 via feedproxy.google.com
  The coronavirus outbreak's effect on the world economy is driving growth near negative levels in the first quarter of 2020, UBS economists wrote on Tuesday.
  The hit to China's economy accounts for most of the bank's updated forecast, with disruptions in Thailand, Singapore, and Hong Kong also weighing on global expansion.
  UBS's guidance doesn't take supply-chain slowdowns into account, and Apple recently warned that a hit to iPhone production would drive quarterly revenue below its initial estim
  
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• A global investor in Wall Street's top 1% reveals the 2 pillars of his strategy — and 3 stock picks he's betting on for the next 5 years

  18-02-2020 19:48 via feedproxy.google.com
  
  Mike Tian comanages the Focused Emerging Markets Investor Fund for WCM Investment Management, which has outperformed 99% of global stock funds in the past five years. 
  Tian says there are two characteristics a company must have before he'll consider investing in it: a growing "competitive moat" that sets it apart from competitors and a strong corporate culture.
  He also named three international companies that he expects to thrive over the next five years.
  Visit Business Insider's homepage f
  
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• One measure of market optimism is at tech-bubble highs. Here's why that's a worrying sign.

  18-02-2020 19:17 via feedproxy.google.com
  By one measure, options markets are at record-levels of bullishness.
  A note from Sundial Capital's Jason Goepfert says that periods like this precede market downturn, Bloomberg previously reported.
  Visit Business Insider's homepage for more stories.Options markets are so optimistic, they look like they did during the tech bubble of the early 2000s.
  That's according to Sundial Capital's Jason Goepfert, who wrote in a Saturday note that the "level of leveraged speculation right now" only finds com
  
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• Every US state is intertwined with China — here's the economic risk from the coronavirus outbreak for each

  18-02-2020 18:54 via feedproxy.google.com
  
  The deadly coronavirus outbreak has begun to have an impact on China's economy.
  Trade with China is a major part of several US states' economies.
  Using data from the US Census Bureau, we looked at which states could be most affected by a slowdown in trade with China as a result of the coronavirus.
  Visit Business Insider's homepage for more stories.The deadly coronavirus outbreak originating in a wet market in Wuhan, China has reached a death toll of 1,875 with over 73,000 people infected.
  Part o
  
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• Coatue's new quant fund lost money in the fourth quarter and it shows how hard it is for new entrants to break into the space

  18-02-2020 18:32 via feedproxy.google.com
  
  Coatue, billionaire Philippe Laffont's firm, opened a quant fund last May to outside investors even as many larger quant funds were struggling in an increasingly competitive space.
  In the hyper-competitive space of quant funds, where the biggest managers like Two Sigma, D.E. Shaw, and Renaissance Technologies are investing more every year into new data streams and artificial intelligence, new players face an uphill battle.
  The fund, which sources say is closed, runs roughly $350 million now, and
  
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• HSBC tanks the most since 2017 after announcing a $7.2 billion overhaul charge (HSBC)

  18-02-2020 18:24 via feedproxy.google.com
  HSBC shares tumbled as much as 5.6% early Tuesday after the bank unveiled its third restructuring plan in a decade.
  The overhaul looks to cut as many as 35,000 jobs by 2022 as well as halt share buyback programs planned for 2020 and 2021.
  Restructuring costs are estimated to hit $6 billion, while asset disposal charges will total $1.2 billion through 2022, the bank said.
  The bank also announced its fourth-quarter earnings on Tuesday, reporting a 33% drop in pre-tax profits year-over-year.
  Watch
  
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• Mike Bloomberg's new plan to crack down on Wall Street echoes those of Bernie Sanders and AOC

  18-02-2020 18:16 via feedproxy.google.com
  Mike Bloomberg rolled out a plan to crack down on Wall Street that mirrors proposals from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, notably with its inclusion of a financial-transactions tax.
  Bloomberg's plan calls for tougher oversight of the largest Wall Street banks and for strengthening consumer-protection laws.
  It's a reversal from Bloomberg's past stance on financial regulation. While he was New York City's mayor in 2010, he warned Democrats against taking "punitive actions" t
  
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• Virgin Galactic's surging stock price is outpacing Tesla (SPCE)

  18-02-2020 18:14 via feedproxy.google.com
  Virgin Galactic has gained nearly 150% this year through Friday's close in a speedy rally that's outpaced automaker Tesla's torrid 91% rise in the same timeframe. 
  Shares of the space tourism company surged as much as 35% to a new high in early trading on Tuesday. 
  Adam Jonas of Morgan Stanley thinks the stock price could "use a breather." 
  While he's constructive on Virgin Galactic, "the move in the stock price of late appears to be driven by forces beyond fundamental factors," h
  
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• A new Bank of America survey shows large fund managers slashing growth expectations for the first time in months amid coronavirus fears

  18-02-2020 16:53 via feedproxy.google.com
  Large-fund managers' growth expectations declined in February as coronavirus dragged down sentiment.
  Managers still rank the outcome of the 2020 presidential election as the biggest tail risk facing markets.
  Visit the Business Insider homepage for more stories.Large-fund managers surveyed by Bank of America slashed their expectations for global growth in February. That's the first time growth expectations have fallen since October, and a familiar culprit is to blame: coronavirus. 
  Fewer man
  
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• Global stocks tank after Apple warns Wuhan coronavirus is hammering sales

  18-02-2020 16:43 via feedproxy.google.com
  Stocks tumbled on Tuesday after Apple warned Wuhan coronavirus is hitting sales.
  The iPhone maker doesn't expect to hit its quarterly revenue target as the outbreak is hampering production and hurting demand.
  HSBC's disappointing earnings and restructuring plans also weighed on market sentiment.
  The banking giant's profits fell 33% last year and it intends to eliminate 35,000 jobs by 2022.
  Visit Business Insider's homepage for more stories.Global stocks tanked on Tuesday after Apple warned Wuhan
  
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• Apple sees $45 billion in market value wiped out after warning that the coronavirus will push revenue below forecasts (AAPL)

  18-02-2020 16:42 via feedproxy.google.com
  Apple shares sank as much as 3.2% early Tuesday after the company announced it would miss its fiscal second-quarter revenue expectations because of the coronavirus outbreak.
  The outbreak has "temporarily constrained" global iPhone supply and dragged on demand in China, Apple said in a Monday press release.
  Apple said that "work is starting to resume around the country" but that its production lines "are experiencing a slower return to normal conditions than we had anticipated."
  The stock tumble
  
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• Warren Buffett revealed stakes in Kroger and Biogen, and the news added $2.3 billion to their market values

  18-02-2020 16:35 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway disclosed stakes in Kroger and Biogen on Friday.
  The famed investor spent about $740 million on shares in the supermarket and biopharmaceuticals giants last quarter.
  News of the famed investor's backing added a total of $2.3 billion to the pair's market caps on Monday.
  Kroger stock jumped 7% and Biogen stock rose 1%.
  Visit Business Insider's homepage for more stories.Warren Buffett famously moves markets with his investment decisions. The so-called "Oracle of
  
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• Zuckerberg puts ball in regulator’s court

  18-02-2020 01:00
  
  The Facebook CEO has doubled down on calls for clear regulation of the internet, following a change of heart just under a year ago – now the social network is signalling that it is keen to lay down rules, but that process will be slower than...
  
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• Why making ‘iconic moves’ sustains brands

  18-02-2020 01:00
  
  It’s hard to build a lasting brand, harder still to make the transformative decisions that mean it remains well placed to stay relevant to consumers – but those are the ones that are more likely to endure through the decades, according to the CEO...
  
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• Why AI means the return of contextual targeting

  18-02-2020 01:00
  
  The slow death of the third-party cookie means that contextual targeting will become increasingly important – and marketers should use the insights they generate from current cookie data to inform their future contextual strategies, an industry...
  
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• Why AI means the return contextual targeting

  18-02-2020 01:00
  
  The slow death of the third-party cookie means that contextual targeting will become increasingly important – and marketers should use the insights they generate from current cookie data to inform their future contextual strategies, an industry...
  
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• What 'The Next Web' means for marketers

  18-02-2020 01:00
  
  Moving towards “The Next Web”, where cookies play a much less important role, will require a major shift in how advertisers engage with consumers online.
  
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• India’s voice market to grow 40% this year

  18-02-2020 01:00
  
  The market for speech and voice recognition technology in India is set to grow rapidly, underscoring a dire need for brands to understand how the audiences interact and perceive this technology, said digital agency WATConsult.
  
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• For fashion brands, payments and marketing blur

  18-02-2020 01:00
  
  With the rise of buy now, pay later payment platforms, fashion brands and retailers are increasingly turning to these models as a marketing strategy in the face of rising costs of customer acquisition.
  
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