Latest news with #FisherInvestments
Time of India
3 days ago
- Time of India
Drama in Odhav: Wanted criminal threatens suicide during arrest attempt
Ahmedabad: A high-voltage scene unfolded in the Odhav area on Friday when a man wanted in multiple criminal cases threatened to jump from a fourth-floor flat as police teams closed in on him. The accused, identified as Abhishek alias Shooter Sanjaysinh Tomar, 25, was wanted by several police stations across the eastern part of the city for various bodily offences. Ahmedabad City Crime Branch was tracking him for months. Acting on a tip-off, multiple teams from the agency arrived at a flat in Odhav, where the accused was reported to be staying. As officers approached the flat, the accused locked the door from inside. After repeated commands to open the door went unanswered, the team forced entry. Upon entering, they found the accused climbed onto the ledge of the kitchen balcony at the rear of the flat. Standing at the edge, he began recording a live video on social media and threatened to jump, creating panic in the area. The cops immediately informed the control room and requested assistance from the fire department. Rescue arrangements were made while the officers tried to de-escalate the situation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 4 Ways to Retire Comfortably With £500k Fisher Investments UK Undo After some time, the team managed to overpower him without allowing the situation to worsen. He was taken into custody, and further legal procedure is underway. The accused is allegedly involved in crimes related to bodily harm and previously posted videos online brandishing weapons, said crime branch cops. Tomar is wanted in three active FIRs — two registered at Krishnanagar police station and one at Nikol police station. The cases include charges under IPC sections 365 (kidnapping), 325 and 324 (grievous hurt), 294B (obscene acts), 114 (common intention), 323 (voluntarily causing hurt), 506(2) (criminal intimidation), and Section 135(1) of the Gujarat Police Act. In addition, one FIR from Nikol police station includes IPC 115(2) for attempt to commit a serious offence. Tomar has a long history of involvement in bodily crimes, as reflected in earlier FIRs filed at Krishnanagar police station. These cases cover charges including assault, intimidation, mischief, and repeated violations of the Gujarat Police Act.
AU Financial Review
4 days ago
- Business
- AU Financial Review
Texan investment giant's $1b buy order pumps up CBA's share price
A Texas-headquartered investment manager has spent as much as $1 billion buying up Commonwealth Bank shares over the past fortnight, helping push the market capitalisation of the lending giant over $300 billion. Fisher Investments, founded by billionaire stockpicker Ken Fisher in 1979, manages more than $US299 billion ($459 billion) for thousands of clients. Sources said Fisher was buying on behalf of clients who wanted to increase the exposure of their share portfolios beyond volatile markets in the United States.
Yahoo
14-05-2025
- Business
- Yahoo
Ken Fisher's Strategic Moves: Amazon.com Inc. Sees a -1.1% Portfolio Impact
Ken Fisher (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Ken Fisher (Trades, Portfolio) is the Chief Executive Officer and Chief Investment Officer of Fisher Investments. He has been writing Forbes' prestigious "Portfolio Strategy" column for over two decades, making him one of the longest-running columnists in the magazine's 85+ year history. During his many years of money management and market commentary, Ken has distinguished himself by making numerous, accurate market calls, often in direct opposition to Wall Street's consensus forecast. He is the son of legendary investor Philip A. Fisher, and Ken is the only industry professional his father ever trained. Ken has also written three major finance books, including the 1984 Dow Jones best-seller, Super Stocks, and has been published and/or interviewed in many major global finance and business periodicals. The investment philosophy at Fisher Investments is based on the idea that supply and demand of securities is the sole determinant of their pricing. Furthermore, they believe that all widely known information has already been priced into the market. The way to add value, according to the Fisher strategy, is to "identify information not widely known, or to interpret widely known information differently and correctly from other market participants." Fisher Investments employs a team of research analysts to accomplish these tasks. Ken Fisher (Trades, Portfolio) added a total of 117 stocks, among them: The most significant addition was Spotify Technology SA (NYSE:SPOT), with 2,028,898 shares, accounting for 0.48% of the portfolio and a total value of $1.12 billion. The second largest addition to the portfolio was HSBC Holdings PLC (NYSE:HSBC), consisting of 15,612,574 shares, representing approximately 0.39% of the portfolio, with a total value of $896.63 million. The third largest addition was Lloyds Banking Group PLC (NYSE:LYG), with 132,122,777 shares, accounting for 0.22% of the portfolio and a total value of $504.71 million. Ken Fisher (Trades, Portfolio) also increased stakes in a total of 398 stocks, among them: The most notable increase was SAP SE (NYSE:SAP), with an additional 7,875,567 shares, bringing the total to 12,993,705 shares. This adjustment represents a significant 153.88% increase in share count, a 0.92% impact on the current portfolio, with a total value of $3.49 billion. The second largest increase was UBS Group AG (NYSE:UBS), with an additional 45,938,949 shares, bringing the total to 49,975,870. This adjustment represents a significant 1,137.97% increase in share count, with a total value of $1.53 billion. Ken Fisher (Trades, Portfolio) completely exited 87 of the holdings in the first quarter of 2025, as detailed below: United Microelectronics Corp (NYSE:UMC): Ken Fisher (Trades, Portfolio) sold all 7,300,362 shares, resulting in a -0.02% impact on the portfolio. H&E Equipment Services Inc (NASDAQ:HEES): Ken Fisher (Trades, Portfolio) liquidated all 348,656 shares, causing a -0.01% impact on the portfolio. Ken Fisher (Trades, Portfolio) also reduced positions in 435 stocks. The most significant changes include: Reduced Inc (NASDAQ:AMZN) by 12,580,834 shares, resulting in a -27.86% decrease in shares and a -1.1% impact on the portfolio. The stock traded at an average price of $217 during the quarter and has returned -7.80% over the past 3 months and -3.90% year-to-date. Reduced Advanced Micro Devices Inc (NASDAQ:AMD) by 22,735,111 shares, resulting in a -94.39% reduction in shares and a -1.09% impact on the portfolio. The stock traded at an average price of $111.19 during the quarter and has returned 4.32% over the past 3 months and -2.32% year-to-date. At the first quarter of 2025, Ken Fisher (Trades, Portfolio)'s portfolio included 999 stocks, with top holdings including 5.12% in Apple Inc (NASDAQ:AAPL), 4.26% in NVIDIA Corp (NASDAQ:NVDA), 4.09% in Microsoft Corp (NASDAQ:MSFT), 3.45% in Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT), and 2.68% in Inc (NASDAQ:AMZN). The holdings are mainly concentrated in 10 of all the 11 industries: Technology, Financial Services, Healthcare, Industrials, Energy, Consumer Cyclical, Communication Services, Consumer Defensive, Basic Materials, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. 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
Miami Herald
10-05-2025
- Business
- Miami Herald
Billionaire fund manager has sharp one-word reaction to tariff's impact on manufacturing
Many people are debating the pros and cons of tariffs this year after President Donald Trump has made them a cornerstone of his economic policy. Those who favor tariffs argue that they're the best way to encourage companies to build new U.S. factories, boosting manufacturing jobs. Those against tariffs contend that they're an inflationary consumption tax likely to send the economy into a nosedive. So far, the stock market's reaction to tariffs has been telling. The S&P 500 sold off sharply after Trump instituted 25% tariffs on Canada and Mexico in February and unveiled worse-than-expected global reciprocal tariffs on April 2. Then, they rallied sharply after Trump paused those reciprocal tariffs in hopes that trade negotiations would significantly remove or reduce them. Related: Analyst unveils shocking Fed interest rate cut prediction The reason for investors' disdain for tariffs is pretty straightforward. Stocks historically follow sales and earnings growth over time, so they do best when policies suggest corporate revenue and profit will climb. Tariffs, however, do the opposite. Import taxes create inflation as companies seek to pass through higher costs associated with them, denting sales growth. And they cause profit margins to slip if the entirety of the cost increases that can't be passed along to their customers. This dynamic isn't lost on Ken Fisher, the billionaire founder of Fisher Investments, which has $295 billion in assets under management. Fisher has been navigating the markets since the 1970s, and he's seen his share of economic booms and busts. This week, Fisher weighed in on the prospect of tariffs creating manufacturing jobs, responding with a blunt one-word answer that may surprise many. Image source: Michael M. Santiago/Getty Images The economy grew 3% last summer, but growth has been harder to come by recently. In the fourth quarter, GDP grew 2.4%, and the BEA's advance estimate for GDP is -0.3% for the first quarter. That retreat has increased concern that the economy could be at a tipping point, particularly given we've yet to fully experience the potential drag caused by supply chain woes and higher import costs associated with President Trump's tariff strategy. Related: Fed official sends strong message on inflation, jobs The economic backdrop is further murky because while unemployment is historically low, it's been rising, reaching 4.2% last month, up from 3.4% in 2023. Other signs of a weakening jobs market include a 900,000 drop in unfilled jobs in March, according to the latest JOLTS report, and 602,000 layoffs have been announced so far this year, according to Challenger, Gray & Christmas, up 87% year over year. It also doesn't help matters that those job figures are despite a shift in Fed monetary policy to dovish rate cuts last year from hawkish rate hikes in 2022 and 2023. The Federal Reserve's interest rate cuts in September, November, and December don't appear to have shored up employment, yet they may have caused inflation progress to stall. CPI inflation last month was 2.4%, matching the level reported last September. The economy isn't yet in a recession, but it could be experiencing stagflation. Few money managers have been as vocal as Ken Fisher regarding the risks associated with tariffs. Fisher quickly criticized tariffs after they were announced in early April, referring to them as stupid and destructive. He's been pounding the drum that tariffs harm the country, imposing them more than the countries they impose upon. Related: Goldman Sachs unveils tariffs prediction, recession forecast Given Fisher's criticism, it's probably not surprising that his latest comments debunk the idea that tariffs will revive the manufacturing industry. Over the past few decades, companies have increasingly turned to lower-cost production overseas to provide consumers with inexpensive items ranging from toys to clothes to computers. The shift has accelerated with technology that improves inventory and supply chain management. As a result, activity at U.S. ports has skyrocketed. The Port of Los Angeles handled 10.3 million containers in 2024, up from 1.6 million in 2000. In a recent post on X, Fisher was asked if tariffs would bring manufacturing jobs back. He answered bluntly, "No." "I understand why a lot of people think they will. They won't," explained Fisher. "We have a very long history of tariffs in this country and all over the world. They do not do this... It's a little bit of a pipe dream… It's mostly just taking a pipe to America." "Tariffs are always worse for the company imposing them," said Fisher. "Unlike what President Trump said, we are not the biggest economy... The Eurozone is one economic block… it is bigger than we are. We are 25% of global GDP… The other three quarters can trade amongst themselves... They will take away from us wherever they can to whatever is cheaper to them." More Economic Analysis: Fed inflation gauge sets up stagflation risks as tariff policies biteU.S. recession risk leaps as GDP shrinksLike it or not, the bond market rules all Fisher is skeptical about the likelihood that manufacturing promises from corporations will be kept. "President Trump is going to get all these verbal agreements… but there's no assurance they can build these plants," said Fisher. "If a company were to actually start today on a major plant in America… It's going to take them a good five years to get it up and running… In five years from now, there's a good chance they don't have the Trump administration… you might have a Democratic administration." "If they know that it takes them 5 years to build a plant, but they know that before the five years, there's a good chance the tariffs might get reversed. Why would they want to do that?" added Fisher. Instead of shifting production to the U.S., Fisher believes that some players will resort to an age-old practice of cheating. "The private sector has been really, really good, forever, at dodging tariffs," concluded Fisher. "You're going to see the biggest increase in... the black market." Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
06-05-2025
- Business
- Yahoo
Billionaire fund manager sends hard-nosed message on recession in 2025
Stocks were hard hit after President Trump announced broad-based tariffs on April 2nd, the so-called 'Liberation Day.' The announcement included tariff rates much higher than expected, causing investors to rethink their outlooks for the U.S. economy and corporate earnings. The stock market hit came amid recent data already showing that the U.S. economy is slowing, increasing the possibility that higher inflation caused by tariffs may push us into recession. Related: Veteran analyst who predicted gold prices would rally offers a blunt new forecast The potential that the U.S. economy could deliver a blow to corporate America's revenue and profit has caught the attention of veteran Wall Street fund manager Ken Fisher, the billionaire founder of Fisher Investments, a money management firm with $295 billion in assets under management. Fisher recently updated his recession outlook for this year. His opinion is worth considering because he's been navigating the stock market professionally since the 1970s, giving him a front-row seat to the S&L crisis, internet bust, Great Financial Crisis, Covid meltdown, and 2022's bear market. The stock market is struggling as recession worry grows in source: Michael M. Santiago/Getty Images Will the Federal Reserve be wrong on interest rates again? The Federal Reserve may soon find itself behind the curve yet again. In 2021, Federal Reserve Chairman Jerome Powell made the mistake of thinking that sparks of inflation were "transitory," only to be forced to embrace the most restrictive monetary policy since the 1980s in 2022. Related: Billionaire fund manager delivers blunt message on U.S. vs. Europe Now, Powell and other Fed members similarly describe the impact of tariffs on inflation as "transitory." It will be a while before we know if that's true, but there's little doubt among economists that, transitory or not, inflation is heading higher because of Trump's tariff plans. Given that inflation is cumulative, the impact over the past three years is still being felt. Inflation has slowed below 3%, far below its 8% peak in 2022, but since inflation stacks on top of past increases, pressure on consumers is high. Unfortunately, the Fed finds itself backed into a corner. Its dual mandate is low inflation and unemployment, and those two goals often contradict each other. Raising interest rates to fight inflation increases unemployment, and cutting rates is inflationary. Since unemployment is rising and economic data suggests GDP is slowing, the Fed may be inclined to cut rates. However, because tariffs already risk igniting inflation, the Fed appears hesitant to add more fuel to the inflationary fire.
