NEW YORK, July 10, 2023–(BUSINESS WIRE)–Evercore (NYSE: EVR) announced that Michael Binetti has joined Evercore ISI as a Senior Managing Director. Mr. Binetti will cover Department Stores & Specialty Retail.
Mr. Binetti joins Evercore ISI with nearly 20 years of research experience. He has been ranked by Institutional Investor as an All-American Analyst since 2012, and notably ranked #1 with the largest asset managers for 4 of the last 5 years. Mr. Binetti most recently was a Managing Director at Credit Suisse, where he covered Retail & Digital Commerce for over five years. Prior to that he spent 13 years at UBS as an Equity Analyst in the Retail Group.
Mike Paliotta, Chief Executive Officer of Evercore ISI, said, "We have long demonstrated an unwavering commitment to hiring, developing, and retaining top research talent to serve our clients. The addition of Michael and his team will strengthen our best-in-class research content and client service."
Evercore ISI Director of Research Marc Harris added, "Michael is recognized as a thought leader across Department Stores & Specialty Retail research. We are excited to bring his insights, ideas, and breadth of coverage to our existing top tier retail franchise."
"I am delighted to be joining a platform that is committed to providing the best research on the Street," said Mr. Binetti. "I look forward to working with the Evercore ISI team to help clients identify investment ideas in a rapidly changing world of retail."
About Evercore
Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230707237517/en/
Contacts
Business Contact:
March Harris
Evercore ISI Director of Research
+1.212.653.9048
Media Contact:
Jamie Easton
Head of Communications & External Affairs
Communications@Evercore.com
Investor Contact:
Katy Haber
Head of Investor Relations & ESG
InvestorRelations@Evercore.com
Many individual investors are trying to do that by purchasing 99 shares of Johnson & Johnson to take advantage of the “odd-lot” rule in the company’s $40 billion exchange offer for Kenvue The potential payoff if things go right is more than $1,000. The opportunity arises because the Johnson & Johnson (ticker: JNJ) exchange offer for Kenvue (KVUE), which holds the consumer health business formerly owned by J&J, allows holders of less than 100 shares of J&J stock—or an odd lot —to get a full allocation of Kenvue if they submit all their shares. Other J&J shareholders are likely to be prorated, meaning they won’t get a full allocation of Kenvue.
"Equities seem oversold as well. So, we think the probability for stocks to rally strongly after CPI is very high," Fundstrat's Tom Lee said.
Although the revenue and EPS for Plug Power (PLUG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Nvidia stock has been a massive winner this year thanks to the chipmaker’s AI dominance. When thinking of AI, Nvidia (ticker: NVDA) might be the first stock to come to mind. Consider: On Aug. 8, Nvidia Nvidia revealed its next-generation version of the GH200 Grace Hopper Superchip, something that will make it faster and better at handling AI duties.
The strong year-to-date gains in the stock market are impossible to deny, but August’s losses serve as a reminder that investors need to have a cautionary plan for tougher times. Furthermore, according to strategists from JPMorgan and Wells Fargo, these challenging times may be closer than we think. The gains have largely been powered by the AI boom in tech – and that has led to an unstable situation, with rising stock indexes resting on a narrow base. According to JPMorgan’s Chief Global Market
Bud Light may never recover from the ongoing controversy surrounding the brand, according to an anonymous beer distributor who spoke to the New York Post on July 31. Many more Anheuser-Busch InBev distributors have resigned themselves to their painful Bud Light losses and have given up on luring customers back following the controversial ad campaign. During the past few months, the company experienced hiring freezes and mass layoffs. Beer truck drivers face heckling and harassment. The revelatio
July CPI is a key factor in the Federal Reserve's decision on whether to hike interest rates next month.
The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of difficulties, the S&P 500 is poised to ride the momentum of increased government expenditure in the upcoming years. O’Leary anticipates that the CHIPS and Science Act along with the Inflation
(Reuters) -China's internet giants are rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion, the Financial Times reported on Wednesday. Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter. A Nvidia spokesperson would not elaborate on the report but said that "consumer internet companies and cloud providers invest billions of dollars on data center components every year, often placing orders many months in advance."
The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a downgrading of U.S. government debt. The average 30-year mortgage rate shot up to 7.09% for the week ending Aug. 4, a 16 basis point increase from the previous week's 6.93% rate, according to a weekly report released by the Mortgage Bankers Association. Potential borrowers adjusted promptly to the surging cost of borrowing: the mortgage applications index – a measure of total mortgage application volume – fell 3.1% to a six-month low of 194.5.
Boston Beer Company's cofounder spent about $140 on two shares of Procter & Gamble more than six decades ago. They're worth $20,000 today.
It's always good for an investor to check in on the Buffett Indicator.
The British pound continues to show strength in the form of support.
Nio Inc investors can proceed as a class in a lawsuit claiming the Chinese electric vehicle maker lied about building its own factory in Shanghai during its 2018 initial public offering, a U.S. judge has ruled. The lawsuit in federal court in New York seeks damages from Nio, its executives and underwriters for a decline in share price after the carmaker said in March 2019 that it had scrapped plans to build the new factory it had said was "under construction" during the IPO. U.S. District Judge Nicholas Garaufis issued an order late Tuesday certifying a class of all investors who bought Nio American Depositary Shares (ADS) in the September 2018 IPO, and a class of investors who purchased ADS between Oct. 8, 2018 and March 5, 2019.
Medical Properties' (MPW) Q2 results reflect lower-than-anticipated revenues. Higher interest expenses during the quarter act as a dampener. The company narrows its 2023 outlook.
Barstool's founder Dave Portnoy paid just $1 to buyback his media company as Penn Entertainment bolted for a partnership with ESPN.
Cisco (CSCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ViaSat (VSAT) delivered earnings and revenue surprises of -477.27% and 26.71%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
After Copenhagen-headquartered Novo Nordisk published trial data this week suggesting its weight-loss jab Wegovy cut the risk of heart attacks and strokes in patients by a fifth, something extraordinary happened.
Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10 until the end of the year to try and prevent the rouble from plumbing new depths. The rouble pared losses on the news. Earlier on Wednesday it sank to its lowest for more than 16 months, past 98 to the dollar, hampered by strong demand for foreign currency and a lack of supply, with a shrinking trade surplus and widening budget deficit also hurting sentiment.

source