Activist Impactive sees an opportunity to build value with an ESG tilt at Concentrix

Luis Alvarez | Digitalvision | Getty Images Company: Concentrix (CNXC) Business: Concentrix provides technology-infused customer experience (CX) solutions and runs customer service for 2,000 customers globally. They are the second largest outsourced CX company globally and provide CX process optimization, technology innovation, front- and back-office automation, analytics and business transformation services. It also offers customer …

‘The bond vigilante is coming back,’ UBS strategist says

The bond vigilantes are coming back as investors continue to sell amid the prospect of higher-for-longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above 5% once again on Monday, having passed …

Carlyle’s Harvey Schwartz: ‘Incredible alpha opportunities’ ahead

Several of Wall Street’s biggest names convened in Riyadh, Saudi Arabia, for the kingdom’s annual Future Investment Initiative, during which they weighed in on risks and opportunities for investors and the global economy. Bankers speaking on panel discussions notably stressed headwinds — particularly in the short term — from multiple wars, an economic slowdown and …

Wall Street hikes forecast for anti-obesity drug sales to $100 billion

Most analysts predict the market for new weight loss drugs such as Wegovy and Mounjaro will be enormous, but estimates vary for its exact size depending on who you ask. On Monday, Citi raised its estimate for incretin drug sales to $71 billion by 2035, up from its prior estimate of $55 billion. That viewpoint …

Top Wall Street analysts favor these five dividend stocks during

A sign bearing the logo for communications and security tech giant Cisco Systems Inc. is seen outside one of its offices in San Jose, California, Aug. 11, 2022. Paresh Dave | Reuters The market’s volatility as of late is making dividend-paying stocks seem all the more appealing to investors in search of some stability. Investors …

Starboard may be poised to build value amicably at contract research firm Fortrea

Sanjeri | E+ | Getty Images Company: Fortrea Holdings (FTRE) Business: Fortrea Holdings is a global contract research organization, or CRO, that provides clinical development and patient access solutions to the life sciences industry. CROs work with drug companies through all stages of the drug development process, from drug discovery and preclinical development to Phase …

Regional bank shares slump as lenders warn of pain from high rates

Signage is displayed outside of a Comerica Bank branch in Torrance, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Stock Chart IconStock chart icon Regional banks selling off Regions Financial, a Birmingham, Alabama-based lender, posted a 6.5% decline in net interest income (NII) compared with the previous quarter. The bank …

Top Wall Street analysts believe in the long-term potential of these stocks

An Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Sandy Huffaker | Reuters Investors are confronting several headwinds, including macro uncertainty, a spike in energy prices and the unanticipated crisis in the Middle East. Investors seeking a sense of direction can turn to analysts who identify companies that have lucrative …

Top Wall Street analysts say buy these dividend stocks

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters Dividend-paying stocks are looking even more attractive as investors grapple with a spike in bond yields and a tumultuous stock market. With that in mind, …

Bill Gross says the 10-year Treasury could test 5% in the short term

Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on CNBC’s “Last Call” on Tuesday, referring to the 10-year Treasury yield. “The market certainly …