Latest news with #ArgentCapitalManagement
Yahoo
08-07-2025
- Business
- Yahoo
A Bright Outlook for US Tech and Stocks
Jed Ellerbroek, portfolio manager at Argent Capital Management, says he sees continued strength in tech and US stocks as companies continue to invest in AI. He joins Caroline Hyde on "Bloomberg Tech." 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
Bloomberg
08-07-2025
- Business
- Bloomberg
A Bright Outlook for US Tech and Stocks
Jed Ellerbroek, portfolio manager at Argent Capital Management, says he sees continued strength in tech and US stocks as companies continue to invest in AI. He joins Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)
Yahoo
02-07-2025
- Business
- Yahoo
Intel's turnaround efforts are coming too 'late in the game'
Intel (INTC) could be eyeing major changes as CEO Lip-Bu Tan reportedly considers pulling back on the company's 18A chip manufacturing and shifting focus to future tech, according to Reuters. Argent Capital Management portfolio manager Jed Ellerbroek joins Opening Bid to explain why the stock's value isn't compelling enough to overshadow fierce competition and the difficult turnaround ahead. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Intel off this Reuters report that uh, new CEO Lipu Tan may pull back on 18A manufacturing, may lean into new technology that may not be around until uh, 2028. You know, our source tells me to expect big changes at Intel. Uh, I do expect those big changes to happen in Intel because the company cannot continue to lose large sums of money like it has been from its foundry business or that business that makes chips and competes with Taiwan Semi. But you mentioned valuations here, Jed. Um, does anything about what Intel's doing interest you? This is a stock now trading almost in line with book value. I mean, we learned from Benjamin Graham. I mean, once these stocks trade at book value or below book value could represent an opportunity, but Intel's been really been struggling here. Yeah, Intel's a perennial underperformer. We wouldn't, we wouldn't, you know, invest in that stock today. Um, most, most turnarounds do not succeed. Um, I think Intel has a pretty, pretty tough future ahead of it and they have extremely strong competition. You mentioned TSMC, um, really dominant, seemingly building on strength. Intel, you know, pretty late in the game trying to turn around. It 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
Yahoo
02-07-2025
- Business
- Yahoo
Intel's turnaround efforts are coming too 'late in the game'
Intel (INTC) could be eyeing major changes as CEO Lip-Bu Tan reportedly considers pulling back on the company's 18A chip manufacturing and shifting focus to future tech, according to Reuters. Argent Capital Management portfolio manager Jed Ellerbroek joins Opening Bid to explain why the stock's value isn't compelling enough to overshadow fierce competition and the difficult turnaround ahead. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Recorder
06-06-2025
- Business
- Business Recorder
Wall Street gains as investors focus on trade
NEW YORK: Wall Street indexes rose on Thursday after US President Donald Trump and Chinese leader Xi Jinping agreed to negotiate on tariffs that have weighed on global markets, while investors awaited a key jobs report to gauge the labor market's health. The leaders had invited each other to their respective countries at a future date, according to US and Chinese summaries of their phone call on Thursday. The call comes amid accusations between Washington and Beijing in recent weeks over critical minerals in a dispute that threatens to tear up a fragile truce in the trade war between the two biggest economies. 'I have no idea what the outcome will be. That's what makes investing in this environment really difficult,' said Jed Ellerbroek, portfolio manager at Argent Capital Management. 'I think it's less about trying to predict what he's going to do and more about trying to build and maintain a portfolio that can succeed despite the curveballs coming our way.' Weaker-than-expected US private payrolls and services sector data on Wednesday raised concerns about an economic slowdown caused by trade uncertainties, with investors focusing squarely on Friday's non-farm payrolls report. Initial jobless claims data on Thursday showed Americans filing new applications for unemployment benefits last week rose for a second straight week. The S&P 500 remains more than 2% below its record highs touched in February. At 12:09 p.m. ET, the Dow Jones Industrial Average rose 145.34 points, or 0.33%, to 42,573.08, the S&P 500 gained 23.25 points, or 0.39%, to 5,994.06 and the Nasdaq Composite was up 115.99 points, or 0.60%, at 19,576.48. Seven of the 11 major S&P 500 sub-sectors rose, with information technology shares leading gains with a 0.8% rise.
