Latest news with #Doll
Yahoo
4 hours ago
- Business
- Yahoo
Faith-Based Firm Led by Bob Doll Adds First ETFs
Bob Doll's latest mark on the religious-values firm Crossmark Global Investments is the introduction of two ETFs, the first such products that firm has offered in the wrapper. Last week, the company launched its Crossmark Large Cap Growth and Large Cap Value ETFs, both of which are copies of strategies in separately managed accounts that Doll, the CEO, added to the company when he started there four years ago. The funds invest in Russell 1000 companies, excluding those involved in alcohol, tobacco, abortions, stem-cell research, adult entertainment or cannabis. The corresponding SMAs have beaten their benchmarks and have pulled in new money, reaching a combined total of about $700 million. But, as Doll said he told his company, 'we can be a firm if we don't have ETFs — but if we really want to thrive we need ETFs.' READ ALSO: What Coca-Cola's New Sugar-Cane Coke Means for a Sugar ETF and Why the SEC Keeps Putting Off Diversified Crypto ETFs Spreading the Gospel About two-thirds of Crossmark's assets are in portfolios with religious values screens, Doll said. 'We're very broad-based. Our goal is to avoid products that are designed to maim or kill people,' he told ETF Upside. The firm could eventually have six to eight ETFs in its lineup, he noted. While there are more than 40 US ETFs with Christian or Sharia-compliant investment strategies, financial advisors said there is room for more products: Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA 'The number of religious-specific ETFs is still rather low, resulting in ETFs that are built for a broader client base,' said Omen Quelvog, founder of Formynder Wealth Management. 'The difficulty there is the number of holdings that could still cause a conflict.' 'Some are solid, but many are too generic and often don't show clearly what's inside them. That lack of clarity doesn't work for values-based families who want more intention behind their investments,' said Daniel Goodman, founder of Good Better Best Financial Planning. 'That's why I often use direct indexing.' Branches and Denominations: Crossmark and others provide a range of strategies to reflect nuances in faith, though it can be difficult to offer something for everyone. 'As a Catholic myself, I appreciate the attempt to create religious ETFs,' said Alvin Carlos, managing partner of District Capital Management. 'But I am skeptical about whether one can truly reflect one's religious beliefs. There are so many angles to consider.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Sign in to access your portfolio
Miami Herald
2 days ago
- Business
- Miami Herald
Legendary Wall Street forecaster Bob Doll is having his best year
Stock market prognosticators are wrong so frequently that observers can rightly wonder if they're making forecasts using the oldest soothsaying methods, drawing pebbles from a pile, dropping hot wax into water, using random dots on paper or, of course, trying to find something magical in numbers. Yet at the start of every year – and again at the midpoint – countless market watchers take their crack at divining the future, mixing educated conjecture, informed hunches and the occasional WAG (wild-ass guess). Related: Veteran analyst drops updated stock market forecast Measured just about any way possible, most of those projections are wrong. CXO Advisory Group analyzed more than 6,500 forecasts-using methodologies ranging from fundamental to technical analysis-made by 68 experts on the U.S. stock market from 2005 through 2012. The investigation found that the accuracy of the forecasts was below 47% on average. That loses to a coin flip. Bloomberg/Getty Images Bad calls tend to be forgotten quickly, as soon as a forecast is updated based on new information. Winning picks are lionized and celebrated, even though the expert may have less staying power than a bull market rally. Wall Streeters sometimes call the tendency to place too much trust in a guru who made the most recent good call the "Elaine Garzarelli Effect." Garzarelli made her reputation as a Lehman Brothers investment strategist by urging clients to get out of the stock market the week before the Black Monday crash in 1987. That call made her one of the most widely quoted strategists on the Street, but it was also the pinnacle of her success. Whether it was brilliant prescience or dumb luck may be argued forever, but she never really duplicated that success. Garzarelli failed to generate much interest when she tried running mutual funds and a call on stocks being 25% undervalued late in 2007 as the global financial crisis was looming, further dimmed her star. While old-timers remember her name – she runs Garzarelli Research and her newsletter suggests that she is currently bullish on small- and mid-caps plus transportation stocks – she is like many one-time stars, known more for one right call than for being right consistently over years or decades. One Wall Street analyst who hasn't shied away from forecasts -- and has a stellar track record -- is Bob Doll, chief executive and investment officer at Crossmark Global Investors. In a 40-plus-year career, Doll has also been the top equity strategist at Blackrock, Nuveen, Merrill Lynch, and Oppenheimer Funds; at each of those stops, Doll-a regular guest on CNBC, Fox Business, and seemingly all financial media outlets-has started each year with 10 forecasts for the coming 12 months. Related: Top analyst sends message on pending ugly earnings miss (plus one big beat) Doll holds his picks up to a grader each year and historically has been right 72% of the time. That's roughly where he stood with his 2024 prognostications. He has said that his best years ever put him at just above 80%. Entering 2025, Doll was expecting "fewer tailwinds, but more tail risks." His picks reflected that, calling for "some bumps in the road, but some good news and probably more volatility," in an interview on Money Life with Chuck Jaffe that aired in January. Now, seven months later, Doll is getting the results he expected. Eight of Doll's 10 picks tend to be tied to the economy and stock market, with one tied to politics and a wildcard. This is what Doll was calling for entering 2025, and how it's turning out: Slower economic growth as unemployment rises past 4.5%. The jury is out on this one, but if unemployment hits Doll's target – it's currently just north of 4% -- mark this as a inflation that stays above Fed's 2% target, causing the central bank to cut rates less than expected. Barring a Fed surprise, this one's on track.10-year Treasury yields primarily between 4% and 5% with wider credit spreads. The 10-year Treasury has spent the year in that range; credit spreads were up around the tariff tantrum but have narrowed since. But if there's an economic slowdown, they will widen and this one will be a fail to achieve the market's consensus 14% expectation entering the year, and yet every sector has up earnings. This forecast is virtually a lock at this point, even with Doll expecting a second-half slowdown that could hurt some volatility rises, with the VIX average approaching 20. The VIX averaged 18.5 in the first quarter and 24.4 in the second, so this call –and the VIX has only been this high in two of the last 13 calendar years – might have seemed like a longshot but now looks like a sure experience a 10% correction and price/earnings ratios contract. The correction went on the books in April, and P/E ratios are down and appear likely to stay that way. This can be marked in the win portfolios beat cap-weighted portfolios and value beats growth. Both of these conditions are true at the moment; the question is whether that will hold up through energy and consumer staples outperform healthcare, technology and industrials. This looked like a sure thing into June, when the margin of outperformance shrank. If financials weaken, it could put this one in jeopardy; barring that, it looks like another win."Congress passes the Trump tax cut extension, reduces regulation, but tariffs and deportation are less than expected." The tariff forecast here is the one thing where Doll looks like he's wrong and won't recover; by year's end, this one is likely to look half-right, making it the one clear blemish that's efforts make progress but fall far short of $2 trillion in annualized savings. Even Doll acknowledges that this was a softball. In a July 22 interview on Money Life with Chuck Jaffe, Doll acknowledged that he now expects to be right at least 70 percent of the time, "but I wish coming into the year we knew which seven we were going to get right. We could make a lot of money. The problem is you don't know which ones you're going to get right and wrong." As for the rest of 2025, Doll gave three quick assessments for where things stand now: "One, the economy is slowing. We just don't know how much it's going to slow. Two, we're beginning to see tariffs show up in the inflation numbers. We don't know how much. And number three we have this tailwind called [artificial intelligence] which is real and is keeping things moving." Further, Doll said he expects the AI play to broaden out. The tailwind called AI has also been particularly strong at the high end of the market. We all were expecting some measure of breadth this year. Are we going to see the breadth show up at some point? Yeah. Well, it obviously occurred in the first quarter, and then it went away in the second quarter. While Doll noted that tariffs seem to be showing up in slight increases in the Consumer Price Index, or CPI, he did not think they would cause a spike in inflation over the rest of the year. "I don't think [the impact of tariffs on inflation] it's going to be horrible," he said. "It's just going to be there. Remember, only 15% approximately of our GDP is from outside the United States. The other 85 is pretty domestic. So it's limited by how much of the economy it really affects. "Now, having said that, remember the Fed saying 'We've got to get inflation down to 2% and they're struggling at 3% and we're not going to get to 2%. And that means all these people who want the Fed to lower rates are going to have to wait a little bit longer." Related: Top analysts say investors are suckers for bad dividend stocks The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Elle
05-07-2025
- Entertainment
- Elle
All About Natasha Lyonne's Boyfriend, Bryn Mooser
Actress Natasha Lyonne famously dated comedian Fred Armisen for a number of years, but fewer people know about her current relationship with media executive Bryn Mooser. The Russian Doll actress has been romantically linked to Mooser since 2023, soon after she admitted she and Armisen had split. While speaking with The Hollywood Reporter in October of that year, Lyonne confirmed the break up when she was asked about whether she still lived in Los Angeles. 'I'm not. I had been there living with Fred and during COVID,' she replied, before joking, 'I honestly think we broke up because I wanted a swimming pool.' More seriously, she added, 'We love each other just about as much as two people can love each other and we're still talking all the time. But Freddy doesn't like a swimming pool. It might seem like a mundane reason for a breakup, but during that pandemic, you've got to get your laps—I'm like Burt Lancaster in The that's the real scandal. I guess I finally am an actual bicoastal.' Here's everything we know about Bryn Mooser and his relationship with Lyonne so far. Bryn Mooser is known as a director and producer, but also a business mogul, especially in regards to media companies. The 45-year-old co-founded Ryot, which focuses on documentaries with virtual and augmented reality, according to his IMDb page. He sold the company to Verizon in 2016, then launched another film and TV studio in 2019, XTR, which also focuses on non-fiction content. He became the CEO of Documentary+ in 2020, per SCMP. Mooser's documentary Body Team 12 won him an Emmy in 2015 and an Oscar nomination for producing. In 2019, he was nominated at the Oscars again for the documentary Lifeboat. Mooser also launched A.I. animation company Asteria Film with Lyonne in 2022, which they both claim is ethically sourced A.I. The pair knew of one another at least as early as 2022, in order to found their company. But rumors that Lyonne and Mooser were dating popped up in 2023, according to the Daily Mail. That was the year they started making appearances at red carpet events, including Macaulay Culkin's Walk of Fame ceremony, followed by the 2024 Golden Globes, the 2025 Independent Spirit Awards, the SNL 50th Anniversary Special, the Chanel Pre-Oscar Awards Dinner, and Vanity Fair's Golden Globe party. At the ISAs, Lyonne told photographers, 'I think I will take a boyfriend picture, thank you so much,' inviting Moser to pose with her.
New Straits Times
26-06-2025
- Entertainment
- New Straits Times
#SHOWBIZ: HK singer Eason Chan's daughter joining entertainment industry
HONG KONG: Popular singer and actor Eason Chan's daughter, Constance, is following in his footsteps. The Straits Times reported yesterday that Constance has officially signed with Warner Music Hong Kong and is set to release her debut English-language song, 'Doll', soon. The 20-year-old switched her Instagram account from 'private' to 'public' and shared a short video of herself in the recording studio on June 23. Chan commented on Constance's Instagram post, expressing his immense happiness and pride. The 50-year-old singer is married to former actress Hilary Tsui, 51. He has recently concluded the Haikou leg of his 'Fear And Dreams' concert tour in China. Apart from being a member of her school choir when she was younger, Constance Chan has also contributed to her father's music. She sang the backing vocals for 'The Code' (2023) and was credited in the music video. She also played the piano for her father's 2011 single, 'Baby Song'.
The Star
25-06-2025
- Entertainment
- The Star
HK singer Eason Chan's daughter joining entertainment industry
Hong Kong singer Eason Chan (left), and his daughter Constance Chan with his wife Hilary Tsui and Hong Kong actor Shawn Yue in Taipei, in July 2023. Photos: Eason Chan/Instagram, Shawn Yue/Instagram Hong Kong star Eason Chan's daughter Constance is following in his footsteps and becoming a singer. Warner Music Hong Kong announced in a press statement on June 23 that Constance Chan has officially joined the music company and will be releasing her first English-language song, Doll . The 20-year-old changed her Instagram account setting from 'private' to 'public' and posted a short video of herself in the recording studio on June 23. She wrote that Doll will be out at midnight on June 26 on all platforms. Her father commented on her Instagram post, saying he was very happy and proud of her, adding: 'Have fun, please.' The 50-year-old singer is married to former actress Hilary Tsui, 51. He has just completed the Haikou leg of his Fear And Dreams concert tour in China. According to Hong Kong magazine Ming Pao Weekly , Eason Chan was initially not in favour of his daughter joining show business, but her interest in singing eventually changed his mind. Apart from being a member of the school choir when she was younger, Constance Chan has also performed on her father's songs. She sang the chord for the track The Code (2023) and was credited in the music video under 'Backing vocal: Eason Chan/Bao'. Bao Bao is Constance Chan's pet name. Tsui shared a screenshot of the music video on her Instagram Stories and circled the word 'Bao'. Constance Chan also played the piano for her father's 2011 number Baby Song . – The Straits Times/Asia News Network
