Value investor Mason Hawkins loads up on GE and a surprising tech name

Value investor Mason Hawkins loaded up on General Electric in the second quarter, and also took up a stake in growth name Alphabet . Hawkins’ Southeastern Asset Management, which operates a suite of mutual funds called Longleaf Partners Funds, stepped up its General Electric shares by 12% last quarter, according to InsiderScore. In the three-month … Read more

What this week’s retail earnings tell us about Costco, Amazon and Apple

Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Results were all over the map for this week of retail earnings. But dig a little deeper, and there were some very clear themes — regardless … Read more

China issues first national drought emergency scorching temperatures

The Jialing River bed at the confluence with the Yangtze River is exposed due to drought on August 18, 2022 in Chongqing, China. Vcg | Getty Images China issued its first drought emergency this year as scorching temperatures dry up areas of the Yangtze River and put pressure on the power grid while the country … Read more

Bed Bath & Beyond, Foot Locker and more

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Foot Locker — The retail stock surged more than 20% after it appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in comparable sales for … Read more

Deere, Foot Locker, Bed Bath & Beyond and more

Check out the companies making headlines before the bell: Deere (DE) – Deere slid 5.2% in premarket trading after the heavy equipment maker missed quarterly earnings estimates despite higher-than-expected sales. Deere earned $6.16 per share, below the consensus estimate of $6.69, as it successfully implemented price hikes but also faced higher costs. The company also … Read more

5 things to know before the stock market opens Friday, August 19

Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Rough morning for stocks The three major U.S. indexes were primed to open in negative territory Friday morning, dimming hopes … Read more

Energy bills are squeezing businesses and people as UK costs soar

A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K. … Read more

Bill Miller wagers on travel, taking stakes in Expedia and United Airlines

Value investor Bill Miller placed his bets on the reopening play last quarter after adding shares in Expedia and United Airlines . Miller added a new holding in travel name Expedia in the second quarter, according to a recent 13F filing. As of June 30, the investor held 616,700 shares totaling $58.5 million, according to … Read more

Paramount is worth the house of pain

Atkore Inc: “I’ve been fascinated by this. … I’m going to look into them deeper.” Paramount Global: “It is ridiculously cheap. I like the stock. … I think it’s worth the house of pain for the ultimate [house of pleasure].” Ammo Inc: “I don’t recommend these gun stocks. They don’t make anybody any money.” Zoetis … Read more

Jumbled economic booms and busts mean companies ‘can’t really plan,’ Jim Cramer warns investors

CNBC’s Jim Cramer on Thursday advised investors to accept that companies will most likely continue struggling to plan for the future as they adjust to quick, constantly-evolving changes in the economy. “In that kind of environment, you can’t really plan — you just have to guess,” the “Mad Money” host said. “And 2022 will be … Read more