Latest news with #DavidKatz
Yahoo
20-05-2025
- Business
- Yahoo
Alphabet Traders Look to Developer Event to Shift AI Narrative
(Bloomberg) -- Alphabet Inc.'s investors are looking to this week's developer conference to see if the company can reset the narrative amid fears that its long-standing market dominance is on shaky ground. America, 'Nation of Porches' NJ Transit Train Engineers Strike, Disrupting Travel to NYC NJ Transit Makes Deal With Engineers, Ending Three-Day Strike NYC Commuters Brace for Chaos as NJ Transit Strike Looms The Google I/O event, which begins Tuesday, is expected to showcase the company's latest advancements in artificial intelligence. Positive updates could help ease concerns about the rivals nipping at its heels and eating away at its dominant position in web search, even as the company spends heavily on AI. 'The hope is that it will provide a roadmap for a strong future, because right now everyone is waiting for a shoe to drop and has their finger on the trigger for any negative headline,' said David Katz, chief investment officer at Matrix Asset Advisors. 'I think it is far stronger than the stock is currently discounting, so view the negativity as a buying opportunity, but it definitely faces more headwinds with AI than it ever did with legacy search.' The stock is down 12% this year, compared with a gain of 2.1% for the Nasdaq 100 Index. Meta Platforms Inc., the other significant player in online advertising, is up almost 10%. Recent weakness in Alphabet came after an Apple Inc. executive said during court testimony that searches on its Safari web browser fell for the first time in April. Alphabet disputed this, and pointed to I/O as a place where it can address concerns by sharing its latest innovations. Last week, The Information reported that Alphabet will unveil an AI agent for software development at the event, along with a Pinterest-like feature, among other updates to its Gemini AI chatbot. However, an underwhelming presentation may be a cause for further weakness. 'A good story may not be enough at I/O this time around to sway investors given we're now armed with recent data points around slower paid click growth, Safari search volume declining for the first time in 22 years, and ChatGPT and Meta AI's march to a billion users,' Bernstein analyst Mark Shmulik wrote. Since ChatGPT emerged in late 2022, Alphabet has seen repeated selloffs on concerns it is falling behind in AI. The issue, along with heightened antitrust uncertainty, has weighed on Alphabet's multiple, making it the cheapest big-tech stock by far. Alphabet is still viewed as a central player in AI in terms of both talent and intellectual property, and the stock has repeatedly bounced back from slumps. The company's most recent results beat expectations and showed AI-related demand, while an April event focused on the company's cloud business was viewed positively as a sign that the company could capitalize on AI. However, new entrants in AI have made Alphabet look as though it is playing defense, especially when it comes to search, which accounts for more than half of the parent company's revenue and the vast majority of profits. According to the latest Statista data, which is from March, Alphabet has about 89.7% of worldwide market share for search engines, compared with 92.9% in January 2023, around the time ChatGPT took the tech world by storm. Ben Reitzes, Melius Research's head of technology research, writes that Alphabet 'is sure to come out swinging' at the event, but that 'in order to get more positive, we need to see evidence that Gemini can be monetized to replace search as we know it.' He has warned that the company is at risk of losing younger users to companies like OpenAI. A key question for investors is how much the stock already reflects these concerns and what a fair value would look like as its market share settles over the longer term. Currently, shares trade at 16.4 times estimated earnings, under its 10-year average of 20.5. The stock sits at a notable discount to other megacaps and the Nasdaq 100 Index, where the multiple is 26. Meta, its closest peer in both business model and multiple, trades at 23 times future profits. This valuation comes even as analysts continue to anticipate strong long-term growth potential. Revenue is seen rising at a double-digit clip every year through 2028. Net earnings are expected to grow almost 20% this year, even as Alphabet spends heavily on AI. Analysts expect $74.9 billion in capex this year, growing to $77.1 billion in 2026. 'If Alphabet can pull its great tech, talent, data, and user base into one compelling offering at I/O, there's definite upside,' said Michael Brenner, senior research analyst and asset allocation strategist at FBB Capital Partners. 'The stock certainly looks cheap, but it isn't one of our biggest overweights because you have these question marks surrounding its biggest business. There's nothing to stop the multiple from falling further if the threat doesn't dissipate.' Tech Chart of the Day Chinese shipments of Apple's iPhone and other mobile devices to the US dived to their lowest levels since 2011 in April, underscoring how the threat of tariffs choked off the flow of big-ticket goods between the world's two largest economies. Top Tech Stories The Chinese government accused the Trump administration of undermining recent trade talks in Geneva after it warned that using Huawei Technologies Co.'s artificial-intelligence chips 'anywhere in the world' would violate US export controls. Nintendo Co. has turned to Samsung Electronics Co. to help make the main chips for the Switch 2, a move that may help the Japanese company ramp up production of the gaming console enough to sell a higher-than-projected 20 million units by March 2026. Grab Holdings Ltd. and GoTo Group were among ride-hailing and delivery services targeted by driver protests on Tuesday in Indonesia, with thousands gathering to demand better compensation and other terms. While using web site data to build a Google Search topped with artificial intelligence-generated answers, an Alphabet executive acknowledged in an internal document that there was an alternative way to do things: They could ask web publishers for permission, or let them directly opt out of being included. Earnings Due Tuesday Earnings Postmarket: Palo Alto Networks Inc. (PANW US) Viasat Inc. (VSAT US) --With assistance from Subrat Patnaik, Andy Lin and Vlad Savov. Why Apple Still Hasn't Cracked AI Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race ©2025 Bloomberg L.P.
Bloomberg
09-05-2025
- Business
- Bloomberg
Staying Cautious in Markets Amid a Trade War, Trump's Posts
The stunning US stock rebound is likely over, even as the US takes steps toward trade negotiations, according to Bank of America Corp.'s Michael Hartnett. The strategist said stocks had 'correctly' rallied on optimism around lower tariffs in the second quarter. However, he doesn't see further gains as investors 'buy the expectation, sell the fact,' Hartnett wrote in a note. The S&P 500 has surged 14% since President Donald Trump announced a reprieve in some levies on April 9, although it remains 3.7% lower for the year, trailing international peers. Washington has also taken a softer tone on global trade in the past few weeks, and is weighing a dramatic tariff reduction during weekend talks with China. Matrix Asset Advisors President and CIO David Katz explains why he's staying "less aggressive" for now. David speaks with Paul Sweeney and Jess Menton on Bloomberg Radio. (Source: Bloomberg)
CNN
07-05-2025
- Health
- CNN
Most Americans say higher food prices are keeping them from eating healthy, new survey says
Sign up for CNN's Eat, But Better: Mediterranean Style. Our eight-part guide shows you a delicious expert-backed eating lifestyle that will boost your health for life . CNN — American adults say sticker shock at the grocery store is making it harder for them to have a healthy diet, according to a nationally representative survey of adults by the Pew Research Center, a nonpartisan fact tank that conducts data-driven research. Ninety percent of adults in the United States say the price of healthy food has risen over the past few years, and over two-thirds (69%) say higher food prices are making it difficult to eat a healthy diet. Those with fixed or lower incomes were hardest hit, with 47% reporting difficulty in eating healthy meals compared with only 15% of upper-income adults, according to the survey of 5,123 adults conducted during the week of February 24 to March 2. 'It is a bigger challenge for the lower-income adults, but it's not as if the middle- and upper-income Americans are completely spared,' said Eileen Yam, director of science and society research at Pew, which is based in Washington, DC. 'Even middle- and upper-income Americans are reporting the increased price of healthy food is making it more difficult to eat healthy,' Yam said. That's partly due to a reliance on a Westernized diet that focuses on costly animal foods, such as meat and dairy, said Dr. David Katz, a specialist in preventive and lifestyle medicine who founded the nonprofit True Health Initiative, a global coalition of experts dedicated to evidence-based lifestyle medicine. He was not involved in the Pew survey. 'Beans and lentils are stunningly nutritious, and very economical. Cooking grains are highly nutritious, and very economical,' Katz said in an email. 'More dishes featuring these, and fewer featuring costly animal foods, would allow for a decisive improvement in diet quality while lowering overall cost. 'So, too, of course, would drinking more plain water and less sugar-sweetened beverages,' he added. 'The impediment is not prices, but food label literacy.' More than 1 million Americans die each year from diet-related diseases such as obesity, cancer, heart disease and type 2 diabetes, while unhealthy diets and food insecurity cost the United States an estimated $1.1 trillion in health care expenditures and lost productivity annually. Objective measures of diet quality in the US conducted by scientists show that the American diet is substandard. Over 50% of adults fail to meet the diet recommendations of the American Heart Association, an April analysis found. Regardless, nearly 60% of adults in the Pew survey rated their diets as somewhat healthy. 'Americans' ability to report the quality of their diet is highly suspect,' Katz said. 'We do not rely on people to 'guesstimate' their own blood pressure; we should not be expecting them to 'guesstimate' their diet quality either.' People who ate more meals at home were most likely to rate their diets as healthy, the survey found. About one-third of Americans who cook and eat at home rated their diets as extremely or very healthy. However, only 12% of those who ate out more often considered their diet satisfactory. Taste is the most important factor in choosing food, with 83% of adults listing taste as extremely or very important, according to the survey. Less than 50% of respondents said the same about the healthiness of food, however. 'Whether we're looking at race, ethnicity, gender, income, taste is way up there at the top,' Yam said. 'After taste, Americans care most about cost, the healthiness of the food and then convenience.' Low cost, convenience and taste are hallmarks of ultraprocessed foods. Food manufacturers entice consumers with combinations of sugar, salt, fat and additives designed to meet a 'bliss point' of tastiness. In the United States, some 71% of the food supply may be ultraprocessed, a 2019 study estimated. Ultraprocessed foods contain ingredients 'never or rarely used in kitchens, or classes of additives whose function is to make the final product palatable or more appealing,' according to the Food and Agriculture Organization of the United Nations. Numerous studies find higher amounts of ultraprocessed food raise the risk of obesity and the development of chronic conditions including cancer, cardiovascular disease, obesity, type 2 diabetes and depression. Such foods may even shorten life. Research also shows that switching to a plant-based diet, such as the Mediterranean diet, can improve health at any age. 'It's never too late to adopt healthy eating patterns, and the benefits of eating a healthy diet can be substantial in terms of reducing total premature deaths and different causes of premature death,' said Dr. Frank Hu, a professor of nutrition and epidemiology and chair of the department of nutrition at the Harvard T.H. Chan School of Public Health. 'People also have a lot of flexibility in terms of creating their own healthy dietary pattern,' Hu told CNN in a previous interview. 'But the common principles — eating more-plant based foods and fewer servings of red meat, processed meats, added sugar and sodium — should be there, no matter what kind of diet that you want to create.' Get inspired by a weekly roundup on living well, made simple. Sign up for CNN's Life, But Better newsletter for information and tools designed to improve your well-being .
CNN
07-05-2025
- Health
- CNN
Most Americans say higher food prices are keeping them from eating healthy, new survey says
Sign up for CNN's Eat, But Better: Mediterranean Style. Our eight-part guide shows you a delicious expert-backed eating lifestyle that will boost your health for life . CNN — American adults say sticker shock at the grocery store is making it harder for them to have a healthy diet, according to a nationally representative survey of adults by the Pew Research Center, a nonpartisan fact tank that conducts data-driven research. Ninety percent of adults in the United States say the price of healthy food has risen over the past few years, and over two-thirds (69%) say higher food prices are making it difficult to eat a healthy diet. Those with fixed or lower incomes were hardest hit, with 47% reporting difficulty in eating healthy meals compared with only 15% of upper-income adults, according to the survey of 5,123 adults conducted during the week of February 24 to March 2. 'It is a bigger challenge for the lower-income adults, but it's not as if the middle- and upper-income Americans are completely spared,' said Eileen Yam, director of science and society research at Pew, which is based in Washington, DC. 'Even middle- and upper-income Americans are reporting the increased price of healthy food is making it more difficult to eat healthy,' Yam said. That's partly due to a reliance on a Westernized diet that focuses on costly animal foods, such as meat and dairy, said Dr. David Katz, a specialist in preventive and lifestyle medicine who founded the nonprofit True Health Initiative, a global coalition of experts dedicated to evidence-based lifestyle medicine. He was not involved in the Pew survey. 'Beans and lentils are stunningly nutritious, and very economical. Cooking grains are highly nutritious, and very economical,' Katz said in an email. 'More dishes featuring these, and fewer featuring costly animal foods, would allow for a decisive improvement in diet quality while lowering overall cost. 'So, too, of course, would drinking more plain water and less sugar-sweetened beverages,' he added. 'The impediment is not prices, but food label literacy.' More than 1 million Americans die each year from diet-related diseases such as obesity, cancer, heart disease and type 2 diabetes, while unhealthy diets and food insecurity cost the United States an estimated $1.1 trillion in health care expenditures and lost productivity annually. Objective measures of diet quality in the US conducted by scientists show that the American diet is substandard. Over 50% of adults fail to meet the diet recommendations of the American Heart Association, an April analysis found. Regardless, nearly 60% of adults in the Pew survey rated their diets as somewhat healthy. 'Americans' ability to report the quality of their diet is highly suspect,' Katz said. 'We do not rely on people to 'guesstimate' their own blood pressure; we should not be expecting them to 'guesstimate' their diet quality either.' People who ate more meals at home were most likely to rate their diets as healthy, the survey found. About one-third of Americans who cook and eat at home rated their diets as extremely or very healthy. However, only 12% of those who ate out more often considered their diet satisfactory. Taste is the most important factor in choosing food, with 83% of adults listing taste as extremely or very important, according to the survey. Less than 50% of respondents said the same about the healthiness of food, however. 'Whether we're looking at race, ethnicity, gender, income, taste is way up there at the top,' Yam said. 'After taste, Americans care most about cost, the healthiness of the food and then convenience.' Low cost, convenience and taste are hallmarks of ultraprocessed foods. Food manufacturers entice consumers with combinations of sugar, salt, fat and additives designed to meet a 'bliss point' of tastiness. In the United States, some 71% of the food supply may be ultraprocessed, a 2019 study estimated. Ultraprocessed foods contain ingredients 'never or rarely used in kitchens, or classes of additives whose function is to make the final product palatable or more appealing,' according to the Food and Agriculture Organization of the United Nations. Numerous studies find higher amounts of ultraprocessed food raise the risk of obesity and the development of chronic conditions including cancer, cardiovascular disease, obesity, type 2 diabetes and depression. Such foods may even shorten life. Research also shows that switching to a plant-based diet, such as the Mediterranean diet, can improve health at any age. 'It's never too late to adopt healthy eating patterns, and the benefits of eating a healthy diet can be substantial in terms of reducing total premature deaths and different causes of premature death,' said Dr. Frank Hu, a professor of nutrition and epidemiology and chair of the department of nutrition at the Harvard T.H. Chan School of Public Health. 'People also have a lot of flexibility in terms of creating their own healthy dietary pattern,' Hu told CNN in a previous interview. 'But the common principles — eating more-plant based foods and fewer servings of red meat, processed meats, added sugar and sodium — should be there, no matter what kind of diet that you want to create.' Get inspired by a weekly roundup on living well, made simple. Sign up for CNN's Life, But Better newsletter for information and tools designed to improve your well-being .
National Geographic
21-03-2025
- Health
- National Geographic
The Mediterranean diet has stood the test of time for a reason: It works
Even if you're not a fan of hummus, tabouli, or olives, it's worth giving the Mediterranean diet a chance. Why? Because when it comes to the hierarchy of healthy eating patterns, the Mediterranean diet consistently comes out on top. In 2025, U.S. News and World Report ranked it #1 overall, as well as giving it first place as the best diet for mental health, for healthy eating, for inflammation, for gut health and for being the easiest diet to follow. It's delicious and nutritious, and consuming it is associated with a variety of health benefits. It is also easy to follow and sustainable for the long haul. And you don't need to live in a Mediterranean country or even leave home to adhere to the eponymous diet or reap its benefits. (What foods you really need to eat to reduce inflammation.) 'It seems to be the universal love donor—it has real foods, predominantly plants, and it offers pleasure,' says David Katz, a preventive medicine specialist, past president of the American College of Lifestyle Medicine, and co-author of How to Eat. 'It captures the fundamentals of whole nutrition—it takes us out of the realm of quick fixes and into the realm of lifestyle. The Mediterranean diet has worked for generations and it works for lifetimes.'
