Paramount Shareholder Mario Gabelli Asks FCC to Pause Skydance Deal to Internally Review Potential ‘Violations’
Paramount Global shareholder Mario Gabelli is asking the Federal Communications Commission to pause its review of the transfer of broadcast licenses in connection with the company’s $8 billion merger with Skydance Media as he investigates “potential fiduciary and/or federal securities violations” against the media giant’s minority shareholders.
How Trump will transform banking regulation — even with Powell at the Fed
According to Macrae Sykes, a portfolio manager at Gabelli Funds, large U.S. banks were already in “great shape” before the Federal Reserve began lowering short-term interest rates. During an interview with MarketWatch, Sykes said “the one thing missing over the past year has been loan growth.”
FOMC preview: Fed telegraphed this one well
While the economy remains “resilient,” signs of slowing growth have emerged, said Judith Raneri, senior vice president and portfolio manager at Gabelli.
Gold surge adds glitter to tarnished miners
Over the past decade the miners have put their problems behind them, says Caesar Bryan, portfolio manager of the Gabelli Gold Fund. They brought in new management teams who ran the companies to generate cash rather than maximize output.
Amazon”s plan to tackle Temu, Shein? Sell more toothpaste
However, John Belton, portfolio manager at Gabelli Funds which owns Amazon shares, said he is expecting more pressure on Amazon”s selling prices in the fourth quarter because of the company”s mix of products.
Apple, Amazon Face Tough Test as Tepid Tech Results Sink Stocks
If Amazon misses those expectations, “you could see this narrative of AWS being a share loser in cloud infrastructure gain some steam,” said John Belton, a portfolio manager at Gabelli Funds.
Friendly Reminder: Lower Interest Rates Generally Act as a Positive Catalyst for Equities
U.S. stocks continued to move higher in September, with the S&P 500 securing its fifth consecutive monthly gain. The month began with the biggest weekly pullback of the year as private payroll data revealed the weakest growth since 2021, fueling concerns over the labor market. However, sentiment shifted after the Federal Reserve delivered a more […]
Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
The foundry services are the big reason why Intel”s gross margins are weak.
Do Amazon, Alphabet, and Apple Have an AI Spending Problem? What It Means for the Stocks Ahead of Earnings.
“The big question is: are they going to keep taking these capex plans higher or could this be the first quarter where we see these capex plans more reiterated than getting raised again?” said John Belton, portfolio manager at Gabelli Funds. Any indication of spending in excess of what the Street expects could send shares […]
Nasdaq jumps to record close as major tech names rise ahead of earnings: Live updates
John Belton expects major attention on capital expenditure plans from technology behemoth as the AI buildout continues. Last quarter, investor sentiment soured around many of these stocks due to concerns that hefty investment in the trend isn’t showing. “Each of these companies are going to continue to grow their capex next year, but I think […]
Pfizer management looks to show turnaround as Starboard looms
You should see a pretty big improvement in earnings next year for a lot of reasons.
Analyst: Biggest risk to Boeing Defense is ‘cutting muscle’
“The new CEO parachuted into a cockpit with a lot of snakes,” said Bancroft. “He did a good job Wednesday of delineating what needs to be done. Step one is they’ve got to get this (union contract) deal done. Step two is they have to get this rate cap lifted with the (Federal Aviation Administration),” […]