BlackRock's Brazier Wary of German Bonds on Vast Spending Plans
'Given the scale of the fiscal expansion in Germany, even with some repatriation of capital that is going on that could cross the Atlantic towards Europe, actually bunds don't look that attractive,' Brazier said in an interview with Bloomberg TV. The firm prefers UK government bonds, he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
14 minutes ago
- CNBC
More stock market records, more trade deals, more trade talks — plus, lots of earnings
The S & P 500 rose every day this past week as trade deals, both in the works and announced, lent support to the market. The index heads into the final stretch of a strong July at record highs. For the week, the S & P 500 gained nearly 1.5%. The Nasdaq did not go wire to wire in the green this week, but it did rise 1%, closing at another record high. Ahead of the last trading day of the month on Thursday, the S & P 500 was up almost 3% for July, while the Nasdaq jumped 3.6%. The best session of the week came on Wednesday after President Donald Trump announced the night before what he called a "massive" trade agreement with Japan ahead of the Aug. 1 deadline. The deal settled on a 15% tariff on goods entering the United States from Japan, including automobiles. In exchange, Japan will invest $550 billion in America and open its market to more imports from the U.S. The trade focus now shifts to China and the European Union. Next week, Treasury Secretary Scott Bessent travels to Stockholm for talks with Chinese officials about extending the negotiating window for a trade deal. Regarding the EU, Trump said Friday he sees only a "50-50 chance" of a deal with the trading bloc. The president plans to meet with EU officials in Scotland on Sunday. .SPX .IXIC 5D mountain S & P 500 and Nasdaq 5-day performance The other big news of this past week was Trump's trip to the Federal Reserve on Thursday. He toured the central bank renovation site with Fed Chairman Jerome Powell. They spoke with reporters and had an uncomfortable moment over renovation costs. Trump signaled that he's no longer considering firing Powell. The president told reporters Friday that Powell and he had a "good meeting" about interest rates, and he believes the Fed will start cutting them. Powell has kept rates steady since December 2024, saying central bankers need more time to see how finalized tariffs will impact inflation. On the economy, the June existing home sales report was released on Wednesday, followed by June new home sales on Thursday. While sales of both were slower than expected, the reports diverged when it came to prices. The median price of a previously owned home sold in June was $435,300, up year over year and the 24th consecutive month of annual increases, according to the National Association of Realtors. However, government data showed the median sales price of new homes sold last month was $401,800 — below May and below year-ago levels. Watching housing price trends is important because it can give us signals on where shelter costs might be headed, which have been a key factor keeping overall inflation elevated. Second quarter earnings season has kicked into full gear, with results thus far coming in better than expected. According to FactSet, a third of the S & P 500 companies have already reported, with 80% of those delivering upside surprises to both sales and earnings expectations. Within the Club portfolio, we heard from Danaher, GE Vernova, Capital One, Honeywell, and Dover. Talk about a blowout. GE Vernova came into the quarterly print near all-time highs, setting a high bar of expectations, which it easily hopped over. The stock was rewarded with record highs and was our top performer of the week, with 12% gains. Shares have nearly doubled in 2025 versus the S & P 500's 8.6% advance this year. GE Vernova on Wednesday reported strong order growth and robust EBITDA margin expansion. EBITDA stands for earnings before interest, taxes, depreciation and amortization. Strong backlog growth also gives us confidence that end market demand remains healthy. "This era of accelerated electrification is driving unprecedented investments in reliable power, grid infrastructure, and decarbonization solutions," CEO Scott Strazik said on the post-earnings call. Danaher on Tuesday delivered a strong set of results, albeit against relatively low expectations. The company did outpace expectations on the top and bottom lines, thanks to strength in all key operating segments. While Chinese sales in biotechnology and life sciences grew, the positive numbers were overshadowed by sustained weakness in diagnostics due to the countries volume-based procurement program. The quarter was enough to spark a relief rally and keep us in the name. Danaher was our second-best performer this week, rising 8%. Despite a good week, the stock was still down 10.5% year to date. Capital One delivered a noisy quarter on Tuesday due to the Discover integration. While shares were among our losers this week, down 2.5%, they have been on a roll, up more than 19% year to date. We saw enough the quarter to reaffirm our view that there will be some serious long-term benefits resulting from the acquisition and its payment network. Capital One is one of only two banks in the world with their own credit card network, the other being American Express. We will look for the company to leverage that edge into earnings growth and for the stock to be rewarded for it with a higher multiple as the integration progresses and management executes on their game plan. We were surprised by Thursday's more than 4% stock drop on Dover 's earnings. In addition to a top and bottom-line beat, the company reported a record adjusted segment EBITDA margin, an acceleration in bookings that provides visibility into the future. It also outlined several growth and productivity investments to support long-term growth. Compounding the strong results, management raised its full-year outlook on both revenue growth and adjusted earnings per share. For the week, Dover lost about 1%. Like Dover, Honeywell stock was also dinged after it reported Thursday morning, despite the results coming in largely better than expected. Shares were our worst performer of the week, down 5.2%. While there was some weakness in aerospace and in segment margin performance, we were satisfied with the explanation provided by management on the call and believe the weakness provides a buying opportunity ahead of what we think will be a value-creating breakup into three separate operating companies. The split will start in the fourth quarter of this year, when management spins off the advanced materials business, and continue in 2026 with the separation of aerospace, which will leave the automation business as the third public company. In the week ahead, we will get seven more Club name earnings, including Amazon , Apple , Meta Platforms , and Microsoft . (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
30 minutes ago
- Yahoo
See How Money Flows Drive Outliers Like Garmin
GRMN builds GPS equipment and wearable technology, focusing on automotive, aviation, marine, outdoors, and fitness markets. Its first-quarter fiscal 2025 earnings report showed record quarterly revenue of $1.54 billion (up 11% in a year), $333 million in operating income (up 12%), and per-share earnings of $1.61 (up 13%). No wonder GRMN shares are up 12% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Big Money Heads to Garmin Institutional volumes reveal plenty. In the last year, GRMN has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in GRMN shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of technology names are under accumulation right now. But there's a powerful fundamental story happening with Garmin. Garmin Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, GRMN has had strong sales and earnings growth: 1-year sales growth rate (+20.4%) 3-year EPS growth rate (+10.7%) Source: FactSet Also, EPS is estimated to ramp higher this year by +5.8%. Now it makes sense why the stock has been generating Big Money interest. GRMN has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Garmin has been a top-rated stock at MoneyFlows for years. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's up 3,840% since its first appearance on the rare Outlier 20 report in December 2002. The blue bars below show when GRMN was a top pick…Big Money loves it: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. Garmin Price Prediction The GRMN action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author owns GRMN in personal and managed accounts at the time of publication. If you are a Registered Investment Advisor (RIA) or a serious investor, learn how institutional trading flows can take your investing to the next level. This article was originally posted on FX Empire More From FXEMPIRE: Eye Outliers Like Synopsys Early with Money Flows EU's Sluggish Economy Faces Moderate Growth Slowdown from US Trade Tensions Germany: Successful Implementation of Infrastructure Investment Key to Growth, Fiscal Sustainability Buy Like Big Money: Carpenter Technology Soars SoFi Shares See Huge Bullish Signal, Could Rise More Coinbase on Fire from Sustained Big Money Buys Inicia sesión para acceder a tu cartera de valores
Yahoo
41 minutes ago
- Yahoo
Genworth (GNW) Surges 9% as Firm Expects $750-Million Additional Cash
We recently published . Genworth Financial, Inc. (NYSE:GNW) is one of the best-performing stocks on Friday. Genworth Financial saw its share prices rally by 8.99 percent on Friday to end at $8 apiece as investors cheered a UK court's favorable ruling to insurance giant AXA that could help the former recoup $750 million in cash payments. The case stemmed from the mis-selling of payment protection insurance (PPI) before 2005 by GE Capital Bank, which was acquired by Santander in 2009, that resulted in AXA's losses related to more than 650,000 individual customer complaints about PPI policies. AXA, which inherited the liabilities for its acquisition of two subsidiaries of Genworth Financial, Inc. (NYSE:GNW), paid almost 5700 million pounds worth of redress to consumers and compensated complaints. The UK judge eventually ruled that AXA 'has a valid claim for an indemnity' against Santander in relation to the redress payments and ombudsman fees. For its part, Genworth Financial, Inc. (NYSE:GNW) is entitled to receive $750 million as part of its agreement with AXA as soon as the latter recovers losses. 'Genworth plans to deploy any recoveries in line with our stated capital allocation priorities: investing in growth through CareScout, returning cash to shareholders through our buyback program, and opportunistically paying down debt,' the company said. While we acknowledge the potential of GNW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
