Latest news with #KeithBuchanan
Yahoo
3 days ago
- Business
- Yahoo
Why this portfolio manager is 'concerned' right now
The S&P 500 (^GSPC) is trading near all-time highs. But with tariff uncertainty still looming, Globalt Investments senior portfolio manager Keith Buchanan says he is still "concerned" about valuations being too high. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Malaysian Reserve
23-04-2025
- Business
- Malaysian Reserve
Buchanan Capital Partners Expands Portfolio with Hutto Warehouse Acquisition
AUSTIN, Texas, April 23, 2025 /PRNewswire/ — Buchanan Capital Partners ('BCP'), an Austin-based, zero-sponsor fee commercial real estate investment firm, announces its latest acquisition: the off-market purchase of a new 2025-constructed, 196,523-square-foot industrial warehouse located conveniently off of SH-130 at 2100 Limmer Loop in Hutto, Texas. This strategic addition enhances BCP's presence in key growth markets driven by robust industrial demand. The property, situated in the rapidly developing Hutto submarket of Northeast Austin, benefits from its proximity to Samsung's new $17 billion chip factory, just eight minutes away in Taylor. The highly successful Innovation Business Park, totaling 1.5M SF, has been leased by Omar Nasser and AQUILA Commercial, who will continue to lease and manage this asset for BCP. See updated marketing flyer: Innovation 8 Flyer BCP is offering preferred terms for the first lease signed. BCP's business plan involves actively marketing to tenants as small as 33k and up to 196k square feet. Interested brokers and tenants are encouraged to contact Omar Nasser at nasser@ BCP's value-driven approach is evident in this acquisition, secured well below the average market price of comparable recent transactions. The immediate focus includes targeted capital improvements to make the space move-in-ready and maximize market rent potential. BCP has retained ARCO/Murray as its general contractor for additional improvements, with several projects already underway. 'While interest rates were low, large blocks of speculative properties were built with bay depths too deep to service a full range of tenant sizes. With 210′ building depth, this asset is capable of leasing not only to a larger tenant, but also to 30k+ SF tenants. We believe this is where the majority of Austin's leasing demand exists – local vendors, suppliers, and manufacturers,' said Keith Buchanan, Founder of BCP. BCP is optimistic about the property's leasing potential, supported by a strong list of tenant prospects already engaged by AQUILA. Ford Albert, Director at BCP, added, 'This acquisition underscores BCP's ability to identify opportunistic opportunities in high-demand areas. Macro tariff and industrial supply concerns have created buying opportunities that would not otherwise exist.' This acquisition reinforces BCP's reputation as a leader in strategic, growth-oriented real estate investments that prioritize value creation and investor trust. About Buchanan Capital PartnersBuchanan Capital Partners, based in Austin, Texas, is a performance-based commercial real estate investment firm focused on delivering consistent, superior risk-adjusted returns. BCP charges no fees, and its investors are paid in full before the firm receives compensation. BCP pursues strategies including direct acquisitions across product types and providing joint venture equity for opportunistic investments. BCP's Principal has a proven 28-year track record of successful investing across all commercial real estate product types, primarily in major Texas metros. For more information about Buchanan Capital Partners, please visit Contact: Gentry Bowengbowen@
Zawya
28-01-2025
- Business
- Zawya
S&P, Nasdaq eye higher open as AI stocks recover, earnings roll in
The S&P 500 and the Nasdaq were set for a slightly higher open on Tuesday, as AI-linked shares recouped some of the previous session's sharp losses and a mixed bag of corporate earnings fueled volatility. Monday's selloff followed Chinese startup DeepSeek's launch of artificial intelligence models it said were on a par or better than industry-leading rivals in the United States at a fraction of the cost. AI chip leader Nvidia rose 3.4% in premarket trading, a day after $593 billion was wiped off its market value in the biggest single-session loss for any company. Other AI-linked stocks also regained some ground, with Oracle and Broadcom rising 2.5% and 3.2%, respectively. Power companies, which are expected to see a surge in demand from energy-intensive data centers needed to develop AI technology, were broadly higher after tumbling a day earlier. Vistra and GE Vernova added 4.9% and 6.4%. "We've been skeptical of the valuations and the recent moves in some of these names that are levered to the (AI) story," said Keith Buchanan, senior portfolio manager at GLOBALT Investments. "The valuation gap between those names and the market had made those names vulnerable to a pullback." The tech-heavy Nasdaq dropped more than 3% on Monday, its worst single-day showing in more than a month, while the benchmark S&P 500 fell close to 1.5%. At 08:33 a.m. ET, Dow E-minis were down 36 points, or 0.08%, S&P 500 E-minis were up 12.25 points, or 0.2%, and Nasdaq 100 E-minis were up 58 points, or 0.27% Boeing shares, last down 0.3%, were volatile after the planemaker reported its biggest annual loss since 2020. Royal Caribbean gained 4.6% as the cruise operator forecast annual profit largely above expectations, while Lockheed Martin dropped 3.3% after the defense giant forecast 2025 profit below estimates. Credit card-focused consumer banking firm Synchrony Financial dipped 4.7% after forecasting lower net revenue for 2025, while aerospace and defense major RTX gained 4.8% after posting a rise in quarterly profit. Earnings from "Magnificent 7" members Microsoft, Facebook-parent Meta, Apple and Tesla are due later this week. Also in focus, the Federal Reserve is widely expected to hold its lending rate steady in its first interest-rate decision of the year on Wednesday, while the December reading of personal consumption expenditures (PCE) is scheduled for Friday. A January consumer confidence reading is due at 10 a.m. ET later in the day. U.S. President Donald Trump said late on Monday he plans to impose tariffs on imported computer chips, pharmaceuticals and steel. A media report said newly elected Treasury secretary Scott Bessent has been pushing for new universal tariffs on U.S. imports to start at 2.5% and rise gradually by the same amount each month. Markets have been on edge about Trump's proposed tariffs due to concerns they could worsen inflationary pressures and slow Fed rate cuts. (Reporting by Shashwat Chauhan, Lisa Pauline Mattackal and Sukriti Gupta in Bengaluru; Editing by Devika Syamnath)
