Sales & Marketing news

• Di Yao has outperformed 93% of his competitors by picking unknown stocks or big names the market doesn't understand. He details 3 of his favorite bets. (MSFT, SE, AMAT, PGTYX)

  06-07-2020 22:31 via feedproxy.google.com
  
  Putnam's Global Technology Fund has outperformed nearly all of its peers over the last five years.
  Di Yao, the fund's co-manager, said he and his partner have focused on companies that the market either doesn't understand or with which it's not familiar. 
  They've found some of their best bets overseas and among smaller companies in the US; but they've also placed some winning bets on some of the tech giants.
  Yao told Business Insider about 3 stocks he particularly likes in his portfolio &md
  
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• Rahul Narang's tech fund has beaten peers for 2 years running by focusing on stocks others won't touch. He breaks down his 3-part approach to finding winners — and shares 4 of his favorite bets right now. (CMTFX, AAPL, AMZN, AVGO, MU, TSM)

  06-07-2020 22:30 via feedproxy.google.com
  
  Rahul Narang runs one of the best-performing tech funds over the last five years, the Columbia Global Technology Growth Fund.
  His strategy has been to focus on the two ends of the tech market — the most and least expensive stocks; over time, both have performed better than those in the middle, he told Business Insider.
  Narang's fund is built around three big components: companies with so-called moats; underappreciated, value stocks; and those that are capitalizing on the big themes in tech
  
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• Dow jumps 460 points, Nasdaq hits another record as China spurs global gains

  06-07-2020 22:06 via feedproxy.google.com
  US stocks jumped on Monday following a rally in China after an editorial in a state-run newspaper encouraged people to buy stocks to support the recovery from the coronavirus crisis.
  The Nasdaq composite index closed at another record high.
  The gains followed a strong June jobs report last week that said American businesses added 4.8 million payrolls last month, handily beating expectations of a 3 million increase.
  Warren Buffett's Berkshire Hathaway on Sunday purchased Dominion Energy's natural
  
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• Mitch McConnell opens the door to another stimulus check for Americans, saying people earning under $40,000 a year have been 'hit the hardest'

  06-07-2020 22:02 via feedproxy.google.com
  
  Senate Majority Leader Mitch McConnell on Monday opened the door to a second round of stimulus checks.
  "I think the people who have been hit the hardest are people who make about $40,000 a year or less," McConnell said.
  McConnell's comments echoed those from Larry Kudlow, the National Economic Council director, who said last month that additional direct payments could go toward "people who lost their jobs and are most in need."
  Visit Business Insider's homepage for more stories.Senate Majority L
  
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• Warren Buffett just made his first major deal since 2016. Here are Berkshire Hathaway's 10 biggest acquisitions so far.

  06-07-2020 21:35 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway just closed its first major takeover since 2016 by acquiring Dominion Energy's natural gas transmission and storage business.Berkshire had $137 billion to deploy for its next deal, and while the buyout cost billions, it's nowhere near Buffett's biggest purchase.
  Here are the 10 biggest deals in Berkshire Hathaway's history, from Precision Castparts to Duracell.
  Visit the Business Insider homepage for more stories.
  Warren Buffett just closed his first major tak
  
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• Stocks could fall 40% in a collapse mimicking the Great Depression, famed economist Gary Shilling says

  06-07-2020 21:27 via feedproxy.google.com
  The stock market faces a reckoning when investors come to terms with the coronavirus' long-term economic damage, legendary economist Gary Shilling said.
  Shilling — who correctly called the housing-market crash of 2008 — told CNBC that equities could tank up to 40% once such realizations are made. 
  Such a drop would be "very much reminiscent of what happened in the 1930s" when investors came to grips with the Great Recession's prolonged fallout and sold off risk assets, the econo
  
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• The White House signals it could get on board with a 2nd round of stimulus checks for Americans

  06-07-2020 21:11 via feedproxy.google.com
  
  The White House chief of staff, Mark Meadows, said on Monday that the White House could support another round of stimulus checks for Americans.
  He also floated other measures President Donald Trump supported, such as a payroll-tax cut.
  Republicans in Congress and the White House are split on whether to back a second round of direct payments.
  Democrats have said they support sending more $1,200 stimulus checks.
  Visit Business Insider's homepage for more stories.Mark Meadows, the White House chief
  
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• A 2nd Wirecard executive gets arrested following $2 billion accounting scandal

  06-07-2020 20:35 via feedproxy.google.com
  German prosecutors questioned and arrested a second executive on Monday in relation to Wirecard's $2 billion accounting scandal. 
  Prosecutors didn't name the executive but revealed that it was the managing director of Cardsystems Middle East, Wirecard's Dubai-based business. 
  Wirecard's prospectus last year showed Oliver Bellenhaus to be Cardsystems Middle East's managing director.
  The German fintech's former chief executive Markus Braun was arrested last month on suspicion of fraud an
  
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• Tesla will surge another 24% over the next year as it grows to $100 billion in revenue by 2025, says new biggest bull on Wall Street (TSLA)

  06-07-2020 20:11 via feedproxy.google.com
  JMP Securities on Monday boosted its Tesla price target to $1,500, the most bullish target on Wall Street.
  Shares of Tesla surged as much as 11%, to an all-time high of $1,342.
  The target price is based on a trajectory of Tesla becoming a company with $100 billion in revenue by 2025. It's 24% higher than where shares of Tesla traded at Thursday's close.
  Watch Tesla trade live on Markets Insider.
  Read more on Business Insider.
  Tesla's epic rally continues to gain steam.
  The automaker on Monday su
  
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• Don't arrest anti-maskers. There's a better way to handle them.

  06-07-2020 20:00 via feedproxy.google.com
  
  Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here.QUOTE OF THE DAY
  "Everybody in there was African-American." — Teresa Bradley describing to The New York Times the emergency room in Grand Rapids, MI, where she was treated for coronavirus. The Times examined 1.5 million coronavirus records to reveal the huge racial disparities in who's being harmed by the virus.WHAT'S HAPPENING
  COVID hot spots are everywhere, but especially in the US. Miami-Dade County closed
  
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• These are the 10 most popular stocks on Robinhood over the past week

  06-07-2020 19:55 via feedproxy.google.com
  Robinhood, the zero-commission brokerage platform that is popular with millenials, has seen a surge in trading volume as the market entered a volatile period due to the coronavirus pandemic.
  Robintrack is a platform that uses data from Robinhood's API to track how many of its users own a particular stock over time.
  The compiled data is put into a charting format that helps show the relationship between the price of a stock and popularity with Robinhood users.
  Here are the 10 stocks on Robinhood
  
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• 'You're going to get a rocket ship': Veteran strategist Jeff Saut sees the S&P 500 breaking 4,000 in the next 12 months

  06-07-2020 19:07 via feedproxy.google.com
  The veteran strategist Jeff Saut told CNBC's "Squawk Box" on Monday that the S&P 500 could rocket more than 25% to 4,000 in the next year.
  "You're going to get a rocket ship coming in the fall of this year," he said. "Actually I think the S&P is going to trade out above 4,000."
  Saut said he thought the economy was doing better than most economists think, pointing to restaurant attendance as one reason for his optimism.
  The S&P 500 has rallied over 40% since touching lows in March.
  Vi
  
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• Amazon breaches $3,000 to hit a fresh record — and experts say the bull run will continue into the post-pandemic economy

  06-07-2020 18:55 via feedproxy.google.com
  Amazon stock gained as much as 4.8% on Monday to breach $3,000 per share for the first time.
  The e-commerce giant has largely benefited from the sudden shift to stay-at-home activity and a surging interest in online shopping.
  Though the stock has notched record highs in recent weeks, "it's not very expensive" considering Amazon's rapid sales growth, Nancy Tengler, the chief investment officer at Laffer Tengler Investments, told CNBC on Thursday.
  Amazon shares are likely to see a slew of price-ta
  
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• A gauge of US service activity posts is biggest monthly jump since 1997 as the economy reopens

  06-07-2020 18:34 via feedproxy.google.com
  
  The Institute for Supply Management's non-manufacturing index jumped 11.7 points to 57.1 in June, according to a Monday report.
  It's the largest ever single-month jump for the index, and pushes it to a four-month high following two months of contractions. It also exceeded the median economist estimate of a rise to 50.2. 
  "Respondents remain concerned about the coronavirus and the more recent civil unrest; however, they are cautiously optimistic about business conditions and the economy as b
  
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• Dow jumps 320 points as China encourages stock-buying to support virus recovery

  06-07-2020 18:16 via feedproxy.google.com
  US stocks jumped on Monday following a rally in China after an editorial in a state-run newspaper encouraged people to buy stocks to support the recovery from the coronavirus crisis.
  The gains followed a strong June jobs report last week that said American businesses added 4.8 million payrolls last month, handily beating expectations of a 3 million increase.
  Warren Buffett's Berkshire Hathaway on Sunday purchased Dominion Energy's natural-gas assets in a $10 billion deal. It was Buffett's first
  
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• JPMorgan says a Biden victory in November could be positive for stocks

  06-07-2020 18:12 via feedproxy.google.com
  "The consensus view is that a Democrat victory in November will be a negative for equities," JPMorgan analysts led by Dubravko Lakos-Bujas wrote in a Monday note. "However, we see this outcome as neutral to slight positive."
  Several factors could make a Joe Biden presidency positive for stocks, the note said, including a smaller-than-expected rollback of corporate tax cuts, infrastructure spending, softened tariff rhetoric, and an increased federal minimum wage.
  JPMorgan added that "history sugg
  
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• Warren Buffett's Berkshire Hathaway strikes $10 billion deal with Dominion Energy for natural gas assets

  06-07-2020 18:11 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway struck a $10 billion deal to buy Dominion Energy's natural gas transmission and storage business.
  Berkshire's energy unit will pay about $4 billion in cash and shoulder $5.7 billion in existing debt in exchange for over 7,700 miles of pipelines, 900 billion cubic feet of storage, and other assets.
  "We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business," Buffett said in a press release on Sunday.
  The d
  
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• JPMORGAN: The coronavirus crisis has decimated one of the safest defenses long-term investors have against stock-market crashes. Here are 4 ways to pivot your portfolio now.

  06-07-2020 18:11 via feedproxy.google.com
  
  JPMorgan's top long-term strategist is advising investors to "significantly reduce" their holdings of safe government bonds. 
  He says the era of zero yields has arrived sooner than expected and will be here to stay for a while longer. 
  He offered alternatives for investors who have traditionally relied on the 60-40 allocation split between stocks and bonds.
  Click here to sign up for our weekly newsletter Investing Insider.
  Click here for more BI Prime stories.   The death of
  
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• The world's most accurate economist says a full US recovery is unlikely before 2022 — and warns of a stock-market correction before year-end

  06-07-2020 18:10 via feedproxy.google.com
  Christophe Barraud, the chief economist of the broker-dealer Market Securities, has been ranked as Bloomberg's most accurate forecaster of US economic data for eight years in a row.
  He told Business Insider that the US wouldn't return to its fourth-quarter 2019 real GDP level until at least 2022 and that for some European countries a recovery won't happen until 2023.
  "It will take a long time for life to return to normal," Barraud told Business Insider.
  Read more on Business Insider.
  The US econ
  
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• Goldman Sachs cuts US GDP estimate, now sees economy shrinking 4.6% in 2020

  06-07-2020 17:21 via feedproxy.google.com
  Goldman Sachs economists on Saturday lowered their third-quarter US GDP growth forecast to 25% from 33%, citing weak consumer services spending and the strong uptick in national coronavirus cases.
  The reimplementation of lockdown measures and social-distancing guidelines in states including California, Florida, and Texas are "already having a noticeable impact on economic activity," the team led by Jan Hatzius wrote in a note.
  The firm lowered its full-year projection to a 4.6% contraction from
  
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• Why storytelling should be the first refuge for Indian brands

  06-07-2020 01:14
  
  Government slogans such as ‘Make in India’ and ‘Vocal for local’ appeal to patriotic sentiments, but brands ought rather to be focused on telling stories and adding to people’s lives, says an agency figure.
  
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• Where behavioural science fits between 'normality' and continued worry

  06-07-2020 01:14
  
  Pubs and hairdressers have reopened in many parts of the UK in a move that points towards a return to normality, but a YouGov poll last week indicated public ambivalence as people continue to feel worried and uncertain; in times like this,...
  
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• Walmart drive-in cinemas bring respite to ailing medium

  06-07-2020 01:14
  
  American mega-retailer Walmart will use its massive physical footprint to create drive-in cinemas across the United States in partnership with Tribeca Enterprises, in a move that charts a way forward for a medium battered by the coronavirus...
  
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• Vox Media's branded content play during lockdown

  06-07-2020 01:14
  
  Location shoots and large budgets may be on pause as a result of COVID-19 and the oncoming recession, but Vox Media has shown how, with careful planning and a creative use of animation, it is still possible for publishers to create high-quality...
  
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• The growth of touchless tech and ‘humanless’ systems

  06-07-2020 01:14
  
  The coronavirus pandemic is forcing a reappraisal of much of the technology we use in public spaces and is also accelerating automation efforts in logistics and the supply chain; a recent report predicts the market for next-generation logistics...
  
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