George Noble, Managing Partner and Chief Investment Officer of Noble Capital Advisors, is a must-follow on Twitter. Aside from sharing his views and opinions, the star stock-picker is unafraid when it comes to controversy and confrontation.
A recent example is a tweet he shared on June 21 2022, where he laid into investment celebrity Jim Cramer. In his tweet, Noble cites the Belkin Report and shares an excerpt referencing the bullish consensus on energy stocks stating, “In our humble opinion, that is all bullshit”. The report calls out a few by name, including Fed Chairmen Jerome Powell, President Joe Biden, and the financial press as a whole. His model is adding short positions on crude oil, and energy products.
Noble backs his claims and provides reassurance by providing evidence of Cramer saying the opposite. Noble’s position is typically that you should follow the opposite of everything Cramer says. His contrarian viewpoint isn’t just pointed at the CNBC star, however. It’s pointed at everything and everyone.
Atop his Twitter profile, you’ll find a link to an interview he did with Forbes. The article’s title includes a line calling our current state of affairs, “The Everything Bubble”. Within the document, he shares his advice on what to buy. His answer? Hold cash. His general outlook paints a dark picture, albeit a picture with fascinating detail and craftsmanship.
If you’re interested in his war on investing in crypto, infantilization-as-a-service brands, and NFTs, you may want to follow him on Twitter.
If you believe that we truly are in the midst of an “everything bubble”, it may be wise to invest in resources that have withstood previous bear markets, and still hold value today. Consider investing in assets that have been valued and shared since humans were able to do so: Art and Wine.
Real Estate: Viewed by many as one of the most stable investments, regardless of the economic climate, real estate makes a great addition to an investment portfolio. Land is finite, and rising interest rates mean it may be harder for individuals to acquire their own piece of property. Most real estate investments also provide income, which can be especially helpful in a down economy.
Consider crowdfunding opportunities and REITs. REITs can be sector-focused, and each carries its own earnings potential. Consider health care REITs as an option, as Physicians Realty Trust (NYSE: DOC) has remained fairly resistant during the current bear market and has an attractive dividend yield of 5.4%.
Another option includes fractional real estate ownership. For example, one investment platform allows non-accredited investors to buy shares of individual rental properties with an investment anywhere from $100 to $10,000. There are also options to invest in entire portfolios of institutional-quality properties with as little as $10.
Accredited investors can gain access to private offerings for large-scale developments, which often have target annualized returns above 20%.
Fine Wine: Wine has a history of being a steady resistor to inflation and recessions. The Liv-ex Fine Wine 1000 index is currently up 10.3% year-to-date, performing much better than the overall stock market.
The most common way to invest in wine is through an Alcohol or Beverage Exchange Traded Fund (ETF). These ETFs can be a great way to gain exposure to the wine industry without needing to bet on any specific bottle or specific company. So, if you’re not passionate about wine or not willing to risk your finances on your expertise, you can check out wine-related funds like B.A.D. ETF (ARCA: BAD) which specializes in Betting, Alcohol and Gambling.
You can also consider a more direct approach, like buying securitized shares of a valuable wine collection through an alternative investment platform.
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BofA Securities maintains Amazon.com at ‘buy’ with a price target of $154.00
Six people in critical condition, one still missing after Paris blast – prosecutor
© Reuters. French firefighters and rescue forces work after several buildings on fire following a gas explosion in the fifth arrondissement of Paris, France, June 21, 2023. REUTERS/Gonzalo Fuentes
PARIS (Reuters) – Six people remained in a critical condition and one person was believed still missing on Thursday, one day after a blast ripped through a street near Paris’ historic Latin Quarter, the city’s public prosecution office said. “These figures may still change,” prosecutor Maylis De Roeck told Reuters in a text message, adding that around 50 people had been injured in the blast, which set buildings ablaze and caused the front of one to collapse onto the street. Of two people initially believed missing, one has been found in hospital and is being taken care of, the prosecutor said, adding: “Searches are ongoing to find the second person.” Authorities have not yet said what caused the explosion, which witnesses said had followed a strong smell of gas at the site. The explosion led to scenes of chaos and destruction in the historic Rue Saint Jacques, which runs from the Notre-Dame de Paris Cathedral to the Sorbonne University, just as people were heading home from work. It also destroyed the facade of a building housing the Paris American Academy design school popular with foreign students. Florence Berthout, mayor of the Paris district where the blast occurred, said 12 students who should have been in the academy’s classrooms at the time had fortunately gone to visit an exhibition with their teacher.
“Otherwise the (death toll) could have been absolutely horrific,” Berthout told BFM TV. She said three children who had been passing by at the time were among the injured, although their lives were not in danger.
4 big analyst cuts: Alcoa & DigitalOcean shares drop on downgrades
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Alcoa, DigitalOcean, Teleflex, and Xcel Energy.InvestingPro subscribers got this news in rapid fire. Never be left in the dust again.Alcoa stock drops on Morgan Stanley downgrade Alcoa (NYSE:) shares fell more than 3% pre-market today after Morgan Stanley downgraded the company to Underweight from Equalweight and cut its price target to $33.00 from $43.00, as reported in real time on InvestingPro.The firm sees a significant decline in consensus estimates, and as negative earnings revisions materialize, it believes the stock will face downward pressure and underperform.The analyst’s estimates for EBITDA in Q2, 2023, and 2024 are substantially lower than the consensus. The stock is currently trading above its historical average. The firm said its downward revisions in earnings estimates and price target are attributed to the company’s high operating leverage to aluminum prices.DigitalOcean stock plunges on downgradePiper Sandler downgraded DigitalOcean (NYSE:) to Underweight from Neutral with a price target of $35.00. As a result, shares plunged more than 5% pre-market today.The company reported its last month, with revenue beating the consensus estimate, while EPS coming in worse than expected. Furthermore, the company provided a strong outlook, which was above the Street estimates.2 more downgradesTeleflex (NYSE:) shares fell more than 3% yesterday after Needham downgraded the company to Hold from Buy, noting that UroLift expectations may still be too high.According to Needham, their checks indicate that urologists are reducing their use of UroLift due to its retreatment rates, reimbursement cuts, and increasing use of competing procedures. This is also supported by their Google Trends data analysis, which indicates decreasing search interest in UroLift.BMO Capital downgraded Xcel Energy (NASDAQ:) to Market Perform from Outperform and cut its price target to $64.00 from $69.00 to reflect the lower-than-expected terms of the company’s regulatory settlement in Colorado.Amid whipsaw markets and a slew of critical headlines, seize on the right timing to protect your profits: Always be the first to know with InvestingPro.Start your free 7-day trial now.
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