How famed money manager Mario Gabelli is trying to set things right with the Paramount-Skydance merger
One of the largest shareholders, the famed and famously cantankerous money manager Mario Gabelli, tells me his reps are taking what appear to be definitive steps to set things right.
Time to Get Out of Money-Market Funds? Why It May Already Be Too Late.
Still attractively priced is Gabelli Dividend & Income Trust (GDV) at nearly a 14% discount while yielding 5.4% from a portfolio of large capitalization blue chips.
Israeli strikes on Iran’s ‘oil island’ could send crude prices soaring
If Israel strikes Iranian oil-export facilities or refineries, Simon Wong, a research analyst at Gabelli Funds, told MarketWatch that oil prices would like move higher as a “knee-jerk reaction.”
CVS Management, Board Have Been Weighing Options for Months
“The company has gotten very big and very difficult to manage, just given all the different businesses and assets that they have,” said Jeff Jonas at Gabelli Funds, who owns CVS in his fund. “I don’t know that Karen Lynch has done a fantastic job.”
Cybersecurity M&A Balloons as Breach Danger Builds
“Customers prefer consolidation,” says Hendi Susanto, a portfolio manager for GAMCO Asset Management, which invests in the area. (Famed asset manager Mario Gabelli is GAMCO’s chairman and chief executive.) The preference for consolidation seems much more efficient than going to different vendors for different aspects of security, such as threat analytics, detection, firewalls and countermoves.
JPMorgan’s ‘Jamie premium’ to be tested as CEO succession looms
The bank has a deep bench and the potential CEOs are all very competent’” because they have run its businesses.
Boeing can bounce back. Here’s how
“If this strike goes on for more than a few weeks, to keep their investment grade bonds rating, they are going to have to issue equity,” said Tony Bancroft, a former naval aviator who now manages the Gabelli Commercial Aerospace & Defense ETF. He sees Boeing issuing between $10 billion and $30 billion of stock.
What’s all this ‘Three Mile Island’ stuff about?
“We started to get some clarity about data centre opportunities and the numbers are staggering,” Timothy Winter, a portfolio manager at Gabelli Funds, told Reuters in August.
Here’s how Apple might cash in on its latest artificial intelligence features
But not everyone is convinced that Apple will turn its AI tool into a paid service, even if the product convinces some consumers to upgrade, said Gabelli Funds’ John Belton. The portfolio manager also sees an avenue for third-party developers to draw on Apple’s AI features to improve their offering.
How To Use CEF Discounts To NAV The Right Way
Meanwhile, the Gabelli Utility Trust (GUT) trades at an absurd 73.7% premium to NAV, a number that should make any investor cringe. After all, its 10-year average premium is “only” 49.6%, so why would anyone pay through the nose for this fund?
Hedge funds place bullish bets on gold and silver, prepping for Fed’s easing cycle
“The ETF demand is just getting started, and that will generate a whole new wave of momentum for the entire market,” said Chris Mancini, Associate Portfolio Manager of The Gabelli Gold Fund (GOLDX).
Mining sector modeling shows 20% upside, time for investors to pay attention – Gabelli Gold Fund’s Chris Mancini
In a recent interview with Kitco News, Chris Mancini, Associate Portfolio Manager of The Gabelli Gold Fund (GOLDX), shared his bullish stance on gold. However, he noted that even if gold prices consolidate around $2,650 an ounce, gold miners will still reap solid benefits.