CNBC Pro: Outperforming value investor names 'very cheap' global gaming stock as a 'contrarian' bet
Shares of a global video game developer are currently being overlooked by the market and are up for grabs at a"very cheap" price, according to Schroders fund manager Vera German. The company's shares have been hit hard over the past few years, with the stock price declining significantly from its peak in 2021. It has fallen by 40% over the past 12 months alone.
The value investor believes that the company is well-positioned for future growth as it has a net cash of $1.1 billion and a strong cash flow generation.The U.S move to impose higher tariffs on Chinese electric vehicles is set to have an impact on the U.S. battery supply chain — and create investing opportunities, according to Bernstein.
Those tariffs will benefit the U.S. battery supply chain, where demand is expected to grow at a compound annual growth rate of 25% to 30%, according to Bernstein in a May 13 note.Earnings come from Kingfisher, Smiths Group, Fresnillo and Generali. Euro zone trade balance and construction data for March are due.Taleb says investors need to 'ignore' what is happening in the Middle East
Source: Financial Digest (financialdigest.net)
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