The DF Dent Premier Growth fund racked up a 42.9% return in 2019, according to Morningstar. This was 11 percentage points higher than the average of large cap growth funds surveyed by Morningstar. For more on how the managers pick stocks for the fund, read here. It typically has between 50% and 75% of its holdings in large cap stocks, according to securities filings. Its holdings, current as of Dec. 31, reveal a mix of large cap financial and payments stocks and overweight bets on smaller compan

In Uber’s earnings report last week, the acronym EBITDA showed up 42 times. The term showed up 33 times in Lyft’s report this week, while Yelp included it 39 times in its earnings release after the close of trading on Thursday. Berkshire Hathaway Vice Chairman Charlie Munger describes it another way: “bulls— earnings.” To get to EBITDA, companies take bottom-line net income (or loss), based on generally accepted accounting principles (GAAP), and then add back in items they had counted as costs

The portfolio manager who helps run a mutual fund that consistently beats the market and its peers said the key to his success is being able to wait for stocks to pop. The fund typically has around 40 stocks in its portfolio, with most of the holdings being large cap stocks. About 10% of holdings are small cap stocks, which the fund defines as market caps under $3 billion. Being able to take a longer view gives the fund an advantage over other traders, Kennedy said. “I had a former boss who shar

Shares of the Elon Musk-led company have posted moves of at least 1% in 23 of the 31 trading days this year through Friday’s close. The stock also fell 0.4% in volatile trading on Friday after Tesla priced its $2 billion secondary stock offering at $767 per share. CNBC talked to professionals trading Tesla’s swings. Trading the stockMike Katz, partner at New York-based proprietary trading shop Seven Points Capital, said they are trading Tesla on a short-term basis using the previous day’s highs

US Secretary of State Mike Pompeo adresses the audience on the podium during the 56th Munich Security Conference in Munich on February 15, 2020. MUNICH — Secretary of State Mike Pompeo on Saturday defended the United States’ foreign policy approach and dismissed criticisms that the Trump administration disregards international alliances. The West is winning, and we’re winning together,” Pompeo said in a speech at the Munich Security Conference. “Our closest ally, the United States of America, un

An 80-year-old Chinese tourist has died of the new coronavirus in a hospital in France, French Health Minister Agnes Buzyn said Saturday, confirming the first fatality from the fast-spreading respiratory virus in Europe. “I was informed last night of the death of the 80-year-old patient who has been hospitalized at Bichat hospital since January 25, and who was suffering from a coronavirus pulmonary infection,” Buzyn said in a televised statement. France has 11 confirmed cases of the illness, wit

Giant letters, reading the word ‘blockchain’, are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania’s capital Vilnius. BEIJING – As Chinese authorities rush to support businesses struggling to survive the effects of the new coronavirus, blockchain technology is showing its potential in an archaic financing system. Privately-run, smaller businesses are among the hardest hit by the virus’ disruptions. For the Chinese platform pilot, a state medi

U.S. Defense Secretary Mark Esper told CNBC he was “reluctant” to call the temporary truce agreement Washington reached with the Taliban on Friday a victory or a loss. The truce agreement that the U.S. reached with the Taliban was a plan for “a reduction in violence” in Afghanistan, Esper told CNBC’s Hadley Gamble on Saturday. Asked whether it was a triumph for the U.S., Esper said: “I’m reluctant to call things victories or losses, but I think it’s the way forward. This would see the U.S. withd

NATO Secretary General Jens Stoltenberg told CNBC that if the U.S. is concerned about the rise of China then it was “even more important to maintain NATO to keep your friends and allies close.” The alliance put the issue of China on its agenda for the very first time at an event in London in December. At the time, Stoltenberg told CNBC that the rise of the Asian powerhouse provided some “obvious opportunities but also some obvious challenges.” Stoltenberg said Saturday that the “important messag

Wang Yi, Foreign Minister of China, speaks on the second day of the 56th Munich Security Conference. MUNICH — China’s Foreign Minister said Saturday that the Chinese economy — the second-largest in the world — will emerge stronger from the deadly coronavirus outbreak, even as confirmed cases of the disease surge past 66,000. Its pent up consumer demand and growth potential will be quickly unleashed and China will enjoy evermore sound and sustainable economic and social development,” Chinese Fore

World health officials say China’s response to the virus is an improvement from past outbreaks. Chinese health authorities were alerted to the mysterious respiratory disease that mid-December, but it would take several more months before the disclosure of the illness to the public. Health officials reported on Feb. 11, 2003 more than 300 cases of SARS in the province of Guangdong, where the outbreak began. However, the support for such a move underscores U.S. officials’ frustrations with and ske

The winners and losersThe year-to-date performance of S&P 500 sectors line up just as one might expect, given these dynamics. Huge-cap growth stocks are, in a sense, long-duration assets as well, existing somewhere adjacent to corporate bonds on the spectrum of assets. Yet the 10-year Treasury is flat over the past four years, during which the S&P 500 has gained some 80%. And in recent years when the 10-year yield was much above 2.5%, equities have made essentially no net progress. A clear major

Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles,Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice presidential running mate after positive internal polling about the potential pairing, according to the Drudge Report, which cited sources close to the Bloomberg campaign. According to Drudge, in such a partnership Bloomberg would chan

A health worker measures the body temperature of a person during the heavy snowfall amid coronavirus fears. Coronavirus (COVID-19) has killed more than 1,500 people in China and infected more than 66,000 people. Chinese officials on Saturday reported 2,641 new coronavirus cases and 143 additional deaths in the last 24 hours. 10:30 am: WHO calls on global leaders to ‘stop stigma and hate’ surrounding virusWHO Director-General Tedros Adhanom Ghebreyesus urged global leaders on Saturday to stop sti

Rock legend and New Jersey native Jon Bon Jovi is selling his French chateau-inspired home in Middleton, New Jersey for $20 million. Bon Jovi recently took the listing public, but it has quietly been on the market since 2017, according to a spokesperson. The 18,000 -square-foot home was custom built in 1999 for Bon Jovi and his wife of 30 years, Dorothea, who lived there with their four children, Stephanie Rose, 26; Jesse, 24; Jacob Hurley, 17; and Romeo Jon, 15. The 15-acre property is located

See inside Jon Bon Jovi’s New Jersey chateau listed for $20 millionTake a look inside the 18,000 square foot home that is one hour away from New York City.

On Saturday, some of the world’s most talented basketball players will compete head-to-head in three different events: the Skills Challenge, the 3-Point Shootout and the Slam Dunk Contest. The winners will earn more than bragging rights for crafting the best dunk or tallying the most three-pointers in 70 seconds. The Skills ChallengeFor the Skills Challenge, eight players complete an on-court obstacle course, involving dribbling, shooting and passing. Participants compete head-to-head, with one

Nvidia says its GeForce Now service lost its library of 20 Activision and Blizzard games because of a “misunderstanding” over permission to continue offering them once the cloud gaming service left its beta period. Nvidia didn’t describe exactly what the misunderstanding was in a statement yesterday, but did say it hoped to bring back Activision Blizzard games in the future. Bloomberg reported that Activision Blizzard wanted to negotiate a new commercial agreement for its games when GeForce came

The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. EU officials have said they want to negotiate with Washington but will not be bullied into submission. EU officials had no immediate comment on Friday’s news. The WTO in October had awarded Washington the right to impose tariffs on $7.5 billion of annual EU imports in its ca

Those symptomatic passengers unable to board the flight will “receive the required care in Japan,” the State Department said. It said that situation will be manageable as China has a relatively low bad loan ratio, the report said. On Friday, China said that 1,716 health workers in the country have been infected with the COVID-19 virus. Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, told reporters during a press briefing that there are curre