Pro: Active
Charlie Munger-linked Daily Journal cuts Alibaba stake in half
Daily Journal, the Los Angeles-based newspaper company tied to Charlie Munger, just slashed its holding in Chinese ecommerce giant Alibaba in half. Source
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Goldman’s ways to play deglobalization, onshoring trend fueled by pandemic and Ukraine war
Goldman Sachs strategists say companies that are reducing their global exposure or benefit from onshoring are outperforming so far this year. Source
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Earnings playbook: Big banks and an airline kick off the reporting season
The corporate earnings season will get going next week with some of the biggest U.S. banks slated to report. Source
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Russia’s war will reorient global energy flows and these stocks stand to benefit, says Bernstein
Moving away from Russian energy means billions of dollars in new infrastructure spending, and these names stand to benefit, according to Bernstein. Source
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Reversing globalization could cause pain and profit for companies
Russia’s invasion of Ukraine has fast forwarded a shift away from globalization, and that will create challenges and opportunities for businesses and investors. Source
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These companies set to report next week typically beat earnings estimates and trade higher
The corporate earnings season kicks off next week, and some of the companies slated to report have a history of beating estimates. Source
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Top Morgan Stanley analyst Graseck gives her favorite bank picks into earnings
The analyst has three preferred picks that will benefit from higher interest rates and accelerating loan growth even with the greater likelihood of recession. Source
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Analysts react to Musk’s big Twitter stake: He could do ‘almost anything’ so ‘use your imagination’
Elon Musk’s move to build an eye-popping stake in Twitter is sparking speculations that he could take more action to shake up the industry. Source
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Investors bet on obesity drugs before without much success. Why this next wave could be different
New obesity treatments are helping patients lose 15% or more of their body weight, and changing attitudes could expand access to treatments. Source
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