Latest news with #Demmert
Yahoo
20-05-2025
- Business
- Yahoo
Main Street Research Hosts Exclusive Cocktail Reception to Unveil Insights from "Wall Street Lessons" on the Emotional Side of Investing
New York, New York--(Newsfile Corp. - May 20, 2025) - Main Street Research hosted an exclusive cocktail reception titled "Your Mind and Your Money" at the firm's Fifth Avenue offices in Manhattan in celebration of the release of Chief Investment Officer and Founder James E. Demmert's latest book, Wall Street Lessons. The evening featured a lively discussion between Demmert and Kristen Davin, Ph.D., a noted psychologist and relationship expert, delving into how emotions like fear and greed influence financial decision-making, especially amid today's volatile markets. Using pop culture references and iconic film scenes, the conversation offered a relatable and entertaining approach to understanding the psychological underpinnings of investing. The private event brought together members of the media, university faculty, and leaders from across the finance industry for an insightful and engaging evening centered around financial literacy and emotional intelligence. About the Book: Wall Street Lessons In Wall Street Lessons, Demmert shares thirteen of the most common emotional and psychological pitfalls investors face, and how to overcome them. With over four decades of experience managing more than $2 billion in assets for high-net-worth families and foundations, he introduces his proprietary 10-principle system that drives the success of Main Street Research. Looking ahead, James Demmert and his partner, Pauline C. Argenson, will be launching a national series of events aimed at making the conversation around money more accessible, inclusive, and modern, with a special focus on empowering the next generation of investors. Media Contact: Pauline Argenson Public Relations Manager Main Street Research Phone: (123) 456-7890 Email: Website: To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
16-05-2025
- Business
- CNBC
This money manager won't follow Warren Buffett's path with these two stocks Berkshire's buying
New regulatory filings showed that Warren Buffett 's Berkshire Hathaway doubled its position in beer-and-wine producer Constellation Brands last quarter. But at least one investor doesn't agree with the "Oracle of Omaha's" investment. Main Street Research's Chief Investment Officer James Demmert joined CNBC's " Power Lunch " on Friday to offer his take on two Buffett trades, alongside one other market mover. Here's what he had to say during the show's "Three-Stock Lunch" segment. Constellation Brands Berkshire doubled its stake in Constellation Brands last quarter, increasing the value of the position to around $2.2 billion. Shares of Constellation Brands, which imports all of its beer from Mexico , have stumbled 11% this year as President Donald Trump's steep tariffs on Mexican imports threatened its bottom line. The stock added nearly 3% on Friday after Berkshire disclosed its position. But Demmert is skeptical of Buffett's bet. "We don't think the stars align for Constellation," he said. "The company expects a billion-dollar hit from tariffs just this year alone. Stock's down. ... Let's remember this is a lower margin business, and there's a growing trend of non-alcoholic mocktail drinkers that can have an impact. We're a seller." Citigroup With Citigroup , too, Demmert diverges from Buffett. While Berkshire sold out of its Citigroup position by the end of March, Demmert said he was a "big buyer" of the bank stock. "Investors should overweight financials in general, and for the same reasons, we own Citigroup," he said. "Valuation's at nine times earnings, which is cheap. They've got increasing [investment] bank and trading revenue deregulation, tailwinds are coming their way. And let's face it, the financials are tariff immune. So is Citi." Shares of Citi have climbed 7% in 2025. Novo Nordisk Novo Nordisk 's stock slumped 3% on Friday after CEO Lars Fruergaard Jørgensen announced he would step down from his position , citing recent market challenges. Jørgensen, who held the position for the last eight years, will remain at the helm "for a period to support a smooth transition to new leadership" as Novo Nordisk searches for a successor. But this leadership transition wasn't enough to convince Demmert the stock was a buy. He said he still sees Novo Nordisk's market share losses to rival GLP-1 medication producer Eli Lilly as a major headwind for the stock. "Lilly's taken their market share and had their lunch with it. Stock's down 52%. The company's fired the CEO, I think, to get a reaction from Wall Street," Demmert said. "It's a value trap. It's a sell."
CNBC
16-05-2025
- Business
- CNBC
Three Stock Lunch: Novo Nordisk, Constellation Brands and Citigroup
James Demmert, Main Street Research CIO, joins 'Power Lunch' to discuss Demmert's investing take on three stocks: Novo Nordisk, Constellation Brands and Citigroup.
CNN
07-04-2025
- Business
- CNN
US stocks set for another miserable day. But…
US stock futures were set to open sharply lower for the third straight day after massive routs that plunged stocks close to a bear market. But there was a silver lining – maybe. Futures on Monday morning were way off their lows from overnight, even after a historic rout in Asia and massive losses in Europe. That suggested that some of the worst selling may be over. At least for now. Dow futures were down 800 points, or 2.1%. The S&P 500 was set to open down 2.4%, and Nasdaq futures were 2.7% lower. Although those declines were sharp and significant, they were roughly halved from their low point Sunday night. The S&P 500 was at one point set to open in bear-market territory – a drop of 20% from a recent peak – after hitting a record high less than seven weeks ago, on February 19. That would be the second-fastest peak-to-bear market shift in history (the fastest occurred during the 2020 pandemic). Investors may be sensing a buying opportunity. With all the recent and rapid selling, stocks are getting cheap: They're trading at a historically inexpensive 15 times future earnings projections. That could help markets rebound if investors believe stocks are oversold. 'We are getting close to a bottom,' said Demmert. 'The fact that stocks have dropped so significantly in these deep intraday moves is a clear sign of indiscriminate and fear-based selling. When this happens, we tend to soon see significant rallies.' That could muddy the message Wall Street has been trying to send to President Donald Trump. Market mayhem has potentially opened the door to some negotiation. Trump said Sunday on Air Force One that he has been fielding calls from tech executives and world leaders over the weekend on tariffs. Trump said he would be open to a deal with China and the European Union, although he demanded they close the trade gap with the United States. It's a feat that isn't solvable overnight, if ever. 'If they want to talk about that, I'm open to talking,' Trump said. If the stock market pulls back from its extensive declines, Trump may get the message that he can hold firm and weather the market storm, some market analysts said. 'We need this market to crash – to keep the pressure on the administration,' Ed Yardeni, president of Yardeni Research told CNN in a stunning comment from a prominent market analyst. To be sure, markets are still lower. Yardeni noted to clients earlier in the day that 'Liberation Day' has been followed by Annihilation Days in the stock market. Trump, for his part, has tried to make the case that recession fears could be a good thing. For example, US oil prices plunged below $60 for the first time since April 2021 on fears that global demand will be sapped in an economic downturn. And Treasury yields have fallen as investors have poured money into the apparent safety of government bonds. That could lower some consumer rates pegged to Treasury yields, including mortgages, credit cards and auto loans – although Federal Reserve Chair Jerome Powell said Friday the central bank was in no rush to lower rates. 'Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,' Trump said in a Truth Social post Monday morning. Trump and his tariffs have taken a bull stock market and are on the precipice of turning it into a bear faster than any president has overseen in modern history. If the stock market closes in bear territory, it would be the earliest in a new administration a bull market has turned into a bear in the history of the S&P 500, which dates back to 1957. Among the reasons for the bearish sentiment is the uncertainty the Trump administration has created regarding its inconsistent messaging about whether tariffs would be open to negotiation. On Wednesday, America will impose significantly higher 'reciprocal' tariffs on nearly 90 countries that have the highest trade imbalances with the United States. In a note to investors Sunday, Goldman Sachs said that if Trump followed through with those threats, it would surely plunge the US and global economies into a recession. JPMorgan CEO Jamie Dimon said in an annual letter to shareholders Monday that Trump's tariffs would raise prices and slow economic growth. In addition to baseline 10% universal tariffs that went into effect Saturday morning, Trump has also put in place tariffs on autos, steel and aluminum. He placed 25% tariffs on certain goods from Canada and Mexico. And more tariffs could be on their way: Tariffs on auto parts are set to go into effect no later than May 3. Meanwhile Trump has also threatened tariffs on lumber, pharmaceuticals, copper and microchips, among other products. Whether or not Trump follows through with those threats could be the determining factor in whether the economy plunges into a global downturn. If you ask Commerce Secretary Howard Lutnick, Trump isn't bluffing. 'The tariffs are coming. (Trump) announced it, and he wasn't kidding,' Lutnick told CBS's 'Face the Nation' on Sunday. 'The tariffs are coming. Of course they are.'
CNN
07-04-2025
- Business
- CNN
US stocks set for another miserable day. But…
US stock futures were set to open sharply lower for the third straight day after massive routs that plunged stocks close to a bear market. But there was a silver lining – maybe. Futures on Monday morning were way off their lows from overnight, even after a historic rout in Asia and massive losses in Europe. That suggested that some of the worst selling may be over. At least for now. Dow futures were down 800 points, or 2.1%. The S&P 500 was set to open down 2.4%, and Nasdaq futures were 2.7% lower. Although those declines were sharp and significant, they were roughly halved from their low point Sunday night. The S&P 500 was at one point set to open in bear-market territory – a drop of 20% from a recent peak – after hitting a record high less than seven weeks ago, on February 19. That would be the second-fastest peak-to-bear market shift in history (the fastest occurred during the 2020 pandemic). Investors may be sensing a buying opportunity. With all the recent and rapid selling, stocks are getting cheap: They're trading at a historically inexpensive 15 times future earnings projections. That could help markets rebound if investors believe stocks are oversold. 'We are getting close to a bottom,' said Demmert. 'The fact that stocks have dropped so significantly in these deep intraday moves is a clear sign of indiscriminate and fear-based selling. When this happens, we tend to soon see significant rallies.' That could muddy the message Wall Street has been trying to send to President Donald Trump. Market mayhem has potentially opened the door to some negotiation. Trump said Sunday on Air Force One that he has been fielding calls from tech executives and world leaders over the weekend on tariffs. Trump said he would be open to a deal with China and the European Union, although he demanded they close the trade gap with the United States. It's a feat that isn't solvable overnight, if ever. 'If they want to talk about that, I'm open to talking,' Trump said. If the stock market pulls back from its extensive declines, Trump may get the message that he can hold firm and weather the market storm, some market analysts said. 'We need this market to crash – to keep the pressure on the administration,' Ed Yardeni, president of Yardeni Research told CNN in a stunning comment from a prominent market analyst. To be sure, markets are still lower. Yardeni noted to clients earlier in the day that 'Liberation Day' has been followed by Annihilation Days in the stock market. Trump, for his part, has tried to make the case that recession fears could be a good thing. For example, US oil prices plunged below $60 for the first time since April 2021 on fears that global demand will be sapped in an economic downturn. And Treasury yields have fallen as investors have poured money into the apparent safety of government bonds. That could lower some consumer rates pegged to Treasury yields, including mortgages, credit cards and auto loans – although Federal Reserve Chair Jerome Powell said Friday the central bank was in no rush to lower rates. 'Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place,' Trump said in a Truth Social post Monday morning. Trump and his tariffs have taken a bull stock market and are on the precipice of turning it into a bear faster than any president has overseen in modern history. If the stock market closes in bear territory, it would be the earliest in a new administration a bull market has turned into a bear in the history of the S&P 500, which dates back to 1957. Among the reasons for the bearish sentiment is the uncertainty the Trump administration has created regarding its inconsistent messaging about whether tariffs would be open to negotiation. On Wednesday, America will impose significantly higher 'reciprocal' tariffs on nearly 90 countries that have the highest trade imbalances with the United States. In a note to investors Sunday, Goldman Sachs said that if Trump followed through with those threats, it would surely plunge the US and global economies into a recession. JPMorgan CEO Jamie Dimon said in an annual letter to shareholders Monday that Trump's tariffs would raise prices and slow economic growth. In addition to baseline 10% universal tariffs that went into effect Saturday morning, Trump has also put in place tariffs on autos, steel and aluminum. He placed 25% tariffs on certain goods from Canada and Mexico. And more tariffs could be on their way: Tariffs on auto parts are set to go into effect no later than May 3. Meanwhile Trump has also threatened tariffs on lumber, pharmaceuticals, copper and microchips, among other products. Whether or not Trump follows through with those threats could be the determining factor in whether the economy plunges into a global downturn. If you ask Commerce Secretary Howard Lutnick, Trump isn't bluffing. 'The tariffs are coming. (Trump) announced it, and he wasn't kidding,' Lutnick told CBS's 'Face the Nation' on Sunday. 'The tariffs are coming. Of course they are.'
