Jefferies pinpointed 7 beaten-down, cash-rich stocks to buy right now in a coronavirus-stricken market — and shared 2 'at-risk' stocks to avoid completely 2020/03/24 17:53:27 Business Insider
Equity analysts at Jefferies have recommended a selection of stocks they see as best-positioned to handle the severe volatility hitting markets during the spread of the novel coronavirus. Shares of companies with strong balance sheets — or "fortress balance sheets," as the firm puts it — will weather the severe market volatility, while companies with significant levels of debt "may reach distress." For instance, the firm is recommending clients buy up shares of the industrial giant Honeywell, which reported $9.1 billion in cash on hand at the end of 2019. Visit BI Prime for more investing stories . As global financial markets swing wildly in the face of COVID-19 , equity investors are seeking out ports in the storm. On Tuesday in the US, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average rebounded from a more than three-year low hit the session prior as investors bet on the arrival of a coronavirus economic relief plan. During the volatility that has slammed stock prices, pressured Treasury bond yields, and raised the likelihood of an economic recession that some economists say is already here , analysts across Wall Street are recommending stocks they think can withstand brutal conditions.
T. Rowe Price Reports 5% Sequential Decline in February AUM 2020/03/12 14:18:00 Zacks Investment Research
T. Rowe Price's (TROW) preliminary assets under management (AUM) of $1.15 trillion for February 2020 reflect 5% decrease from the prior month.
Industry Voice: T. Rowe Price's Monthly US Presidential Election Blog 2020/03/12 10:56:25 Investmentweek
Since the beginning of his 2016 presidential campaign, President Trump has vowed to abandon trade agreements he believes hurt the US economy. By replacing the North…
Blackstone, T. Rowe among energy-exposed asset managers, Blair says 2020/03/09 19:36:30 Seeking Alpha
Blair's Chris Shutler lists a number of energy-exposed asset managers, including Blackstone (BX -11.5%), T. Rowe Price (TROW -9.7%), and Eaton Vance (EV -1
Boston-based HaulHub, an "Uber for dump trucks" for the heavy construction industry, raises $30M Series B led by T. Rowe Price and Durable Capital Partners (Mary Ann Azevedo/Crunchbase News) 2020/03/06 18:40:21 Techmeme
Mary Ann Azevedo / Crunchbase News : Boston-based HaulHub, an “Uber for dump trucks” for the heavy construction industry, raises $30M Series B led by T. Rowe Price and Durable Capital Partners — HaulHub, a Boston-area startup focused on modernizing the heavy construction industry's approach to transportation management …
Vijay Shekhar Sharma on Paytm's long walk to profitability 2020/02/23 09:46:33 The Economic Times India
Digitial payment giant Paytm expects to turn profitable after two years as it is monetising the existing customer base and eyes financial services as its next major frontier for growth, its founder CEO Vijay Shekhar Sharma said. Noida-based firm, which had an astonishing rise after infamous demonetisation in 2016, is betting on financial services, commerce and payments as three key focus areas. In an interview with , Sharma said Paytm's growth is divided into three phases - first three years of finding the right product-market fit; the next was revenue and monetisation; and the last phase will be about profitability and free cash flows. "We are in the second phase of that journey," he said. In 2015, Paytm started deploying QR codes and by 2018-19 completed its product-market fit. From 2019-20 onwards, it is monetising. "I would say at least 2 years because we are also a large dominant market share company and we wouldn't want to lose market share while becoming profitable next quarter," Sharma said when asked about the timelines for hitting profits.
Cisco, T. Rowe Price, and MGM Resorts Raised Dividends 2020/02/15 12:00:00 Barron's
In addition, PepsiCo Chief Financial Officer Hugh F. Johnston told analysts during an earnings call on Feb. 13 that he expects the company’s dividend to increase 7% on an annualized basis.
8 Ways to Fund Your Retirement in 2020 2020/02/14 23:18:31 TurboTax
Here are eight ways to fund your retirement in 2020 from T. Rowe Price.
"Outsized Headaches & Disappointment" - T Rowe Price Trounces "Terrible" WeWork Investment 2020/02/14 18:05:00 Zero Hedge
"Outsized Headaches & Disappointment" - T Rowe Price Trounces "Terrible" WeWork Investment T Rowe Price trounced WeWork in a Securities and Exchange Commission (SEC) filing on Thursday, calling its investment in the shared office space startup a "debacle." The filing said WeWork is a "terrible investment" and has been nothing more than "outsized headaches and disappointments." T Rowe's Mid-Cap Growth Fund, with offices in Baltimore City and Owings Mills-Reisterstown, Maryland, said their investment with WeWork began in 2014. It noted that SoftBank made aggressive investments in the startup and pushed valuations higher , which ignored its advice on decreasing the startup's growth expansion across the world. "They took our advice for a few months, but new investors soon arrived who convinced management to put its foot back on the accelerator," T Rowe said in the filing. It appears T Rowe figured out that something was amiss with the startup, even dating back to 2017. The investment bank started offloading its shares, but when it came to selling a large block, WeWork's management rejected the sale in 2019.
The Zacks Analyst Blog Highlights: Artisan Partners Asset Management, Ralph Lauren, T. Rowe Price, M.D.C. and Federated Hermes 2020/02/14 14:50:00 Zacks Investment Research
The Zacks Analyst Blog Highlights: Artisan Partners Asset Management, Ralph Lauren, T. Rowe Price, M.D.C. and Federated Hermes
T. Rowe Price Relaunches Money Confident Kids Website With Five-Step Program 2020/01/21 18:00:00 PR Newswire
BALTIMORE, Jan. 21, 2020 /PRNewswire/ -- T. Rowe Price has relaunched its Money Confident Kids® program, a financial education program teaching basic financial concepts to middle school-age children, as a new five-step program with a refreshed website. The five steps outlined on the new…
Precision Health Firm Color Just Scored a $75 Million Funding Round: Exclusive 2020/01/14 22:44:50 Fortune
Color just scored a massive funding round led by T Rowe Price and others. Here's why it matters.
Verily just presented for the first time at JPMorgan's big health conference. Here's how the CEO of Alphabet's life sciences firm laid out the unusual business to top investors. 2020/01/14 01:37:00 Business Insider
Verily, the life-sciences arm of Google's parent company Alphabet, just presented at the biggest healthcare conference of the year. Verily has its hands in projects spanning robotics, blood-sugar-tracking devices, and work on addiction treatment. In its presentation, it laid out its three businesses and how the company approaches partnerships. The company has taken $1.8 billion in outside investments from investors including Temasek, Silver Lake, Capital Group, Ontario Teachers' Pension Plan, and T. Rowe Price. In 2019, it raised a $1 billion round from Silver Lake. Conrad also spoke about the company's new hires, including former Tesla chief financial officer Deepak Ahuja, who took Tesla public . Subscribe to Dispensed, Business Insider's weekly healthcare newsletter . Click here for more BI Prime stories . When Verily CEO Andy Conrad was looking to hire someone to run clinical trials, he turned to Google. Typing the question "Who's running the biggest trial" led him to Jessica Mega, now Verily's chief medical officer, who leads the company's 10,000-person Project Baseline study .
T. Rowe Price Group Inc : The underlying trend is to the upside | MarketScreener 2020/01/13 15:38:50 MarketScreener
T. Rowe Price Group Inc's shares display attractive technical aspects to anticipate a comeback of the underlying trend. | January 13, 2020
These are the 20 smartest enterprise tech acquisitions from 2009 to 2019, according to analysts 2020/01/10 21:14:24 Business Insider
We asked analysts their picks for the smartest enterprise technology acquisitions of the past decade. The list ranges from Dell's $67 billion acquisition of EMC and its major subsidiary VMware – the largest pure-tech deal of all time – to Google's acquisition of the artificial intelligence startup DeepMind. Read below for the 21 smartest enterprise technology acquisitions from 2009 to 2019, according to analysts. Click here to read more BI Prime stories The last decade saw some massive upheavals in the tech world, as the rise of cloud computing platforms like Amazon Web Services and the maturation of cutting-edge artificial intelligence completely changed the way companies buy, use, and manage their IT infrastructure. Amid that great change came consolidation: The likes of Microsoft, Google, and IBM spent big to acquire companies large and small that could help them establish their position in the new world. We even saw the single largest pure tech deal of all time, when Dell acquired EMC and its major subsidiary VMware for $67 billion.