Blackstone’s focus on the performance of its portfolio companies and constant offerings to its network of limited partners could remain important factors in the company’s future performance. Diversification through offerings such as hedge funds, credit, and advisory services could lower Blackstone investors’ general risk perception. Debt markets should generate returns in the range of 4%–5%.
If equity attractiveness rises, the overall perception of alternative asset managers should as well, especially for bigger players that are part of the iShares Dow Jones US Financial ETF (IYF).
From our perspective, Blackstone has likely seen the bottom in terms of value for its portfolio holdings. The company could benefit from record dry powder (undrawn capital) and an improvement in domestic equity markets and European equity and debt markets.
ple (AAPL) iPhone chip supplier NXP Semiconductors (NXPI) could double its chip content per vehicle by 2025, as Tesla Motors (TSLA), Google (GOOGL), Apple and Ford (F) make a play for the nascent self-driving car market, Canaccord analyst Matthew Ramsay said Thursday.
Premium cars like BMW’s 7 series already contain north of $1,000 in semiconductor content, including $300 in NXP chips, Ramsay wrote in a research report Thursday. Other cars contain much less chip content. Autonomous cars, though, eventually could drive chip content per vehicle to greater than $2,500, observers say.
“We believe the emergence of autonomous driving and ADAS (advanced driver assistance systems) will push overall semiconductor content per vehicle higher by 50% to greater than $500 by 2025,” he wrote.
But even lower-tier vehicles will get a chip push, Ramsay notes. The National Highway Traffic Safety Administration is requiring that by 2018 all new cars include backup cameras, and 20 top carmakers recently pledged to include emergency braking in all new vehicles by 2022.
NXP is well-positioned to capture some of the chip-content gains, he says. Over the next three years, NXP sees 5%-7% top-line growth driven by 10% growth in its automotive segment, though it expects only 3%-4% growth in vehicles sold worldwide.
Ramsay says NXP can exceed its own targets. NXP estimates it has 11% market share in its core automotive segments — infotainment, security, powertrain and safety — and 14% overall automotive market share.
General Motors (GM) CEO Mary Barra has said “the auto industry will change more in the next five to 10 years than it has in the last 50.”
Barra’s quote permeated NXP’s FTF Conference last week in Austin, Texas, Ramsay wrote. About 90% of automotive innovation is driven by electric hardware and software, NXP says. Infotainment, safety, efficiency, security, consolidation and regulation will drive that innovation.
NXP expects infotainment content per vehicle to climb to $18-$45 in 2018 from $10 in 2006. And despite strong competition from Nvidia (NVDA), Qualcomm (QCOM) and STMicroelectronics (STM), Ramsay argues, “NXP currently has the most complete infotainment system across the breadth of components.”
In the stock market today, NXP stock lost 0.7% to 91.33. But shares are up 8% this year, outperforming IBD’s 41-company Electronic Semiconductor-Fabless industry group, which has risen 2% over the same period.
NXP is Ramsay’s top pick for chip stocks. He reiterated a buy rating and 120 price target on NXP stock.
50,000 homes in Invitation homes is estimated to be worth form 11 to 13 BILLION that I remember seeing ..and HLT REIT is in the works... and many more opportunities....a lot of value for us..BXMT is doing well as a REIT.. my 2nd biggest holding after BX
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Market Chatter: The Blackstone Group Said to Sell $1.1 Bln of European Hotel Buildings
MIDNIGHT TRADER 6:27 AM ET 5/27/2016
Symbol Last Price Change
BX 26.5down 0 (0%)
QUOTES AS OF 04:02:01 PM ET 05/26/2016
09:27 AM EDT, 05/27/2016 (MT Newswires) -- The Blackstone Group L.P(BX) is planning to sell hotel buildings in London, Dublin and Amsterdam for about EUR980 billion ($1.1 billion), Bloomberg reported, citing unnamed people with knowledge of the matter.
The report said the hotels are operated by Hilton Worldwide Holdings (HLT).BX trades in the lower half of the 52-week range between $22.31 and $43.28. It was inactive in recent pre-market trade.
Price: 26.50, Change: , Percent Change:
FIrst of all, Hillary has proposed to implement a HUGE increase in Capital Gains taxes.
She wants to tax holdings of 2 or 3 years almost as much as she does short term gains
held under 1 year.
Just google this to see what I mean: Hillary Clinton capital gains
But that's not all. Hillary has also said many times that pass-through companies like
Blackstone should have to pay corporate taxes like c-corporations do. Like all
RICs, blackstone pays no corporate income tax as long as they distribute 90% plus of their
income in dividends. If BX had to pay Hillary's corporate tax, BX's dividends would be a lot
So, does that mean that BX's dividends would become "qualified" dividends?
Nope. Hillary has hated the 15% qualified dividend rate ever since Mitt Romney released his
tax returns in 2012 showing that he kept his taxes low with qualified dividends. She has
said ever since that EVERYBODY should pay their full, earned-income tax rate on their
dividends no matter WHAT company pays them out.
And with RICs like BX, Hillary is hurting MIddle Class investors the WORST.
Middle class investors are generally in lower marginal tax brackets, so they are less affected
when paying ordinary tax rates on their un-qualified dividends (that's why a rich guy like Romney
bought c-corporations). If those dividends get reduced because companies like BX are forced
to pay the corporate tax under Hillary, then Middle Class investors get clobbered the MOST.
Book mark this post you guys, and tell EVERY INVESTOR you KNOW about it!
Some may hold BX stock..have no idea..But this leads to weakness in stocks being sold by hedge funs needing to liquidate..Just a though..Never know why a stock is being sold..Hedge Funds May Lose 25% of Assets, Blackstone Says
by Bloomberg Video 2:25 mins
May 25 -- The $2.9 trillion hedge-fund industry may lose about a quarter of its value in the next year as performance slumps, said Tony James, Blackstone Group LP’s billionaire president. Bloomberg's Scott Deveau speaks with Bloomberg TV Canada's Pamela Ritchie.
The Blackstone Group LP (NYSE: BX) -- With a market cap of over $30 billion, Blackstone is a dominant global player in the alternative investment management business. Focusing on private equity, real estate, hedge fund and other multi asset class strategies, Blackstone manages over $300 billion in assets. Revenue has grown at a healthy annual clip of 8.5%. Even stronger, earnings per share (EPS) have grown by 36% annually for the same time period. The consensus 2016 forecast calls for EPS of $2.50; a 140% bump from last year. With a strong management team led by CEO Steve Schwartzman, the company is well positioned to profit from a low rate environment that drives large investors to seek gains and income in non-traditional spaces. The stock is dirt cheap relative to Blackstone's consistent operating history. Shares trade around $27 with a forward P/E ratio of 11.43 and a fat yield of 7.8%
Obviously the pro tarder is giving you daily "toppers" and it's clouding your already bad judgement!
Stevie and BX saddled with old real estate (STU Town) that will decline in value in face of rising rates. Bad move and poor timing.
Professional traders YES!-- we are heading for the Hamptons. Amatuer traders (YOU) NO!--you will be checking in at the Hampton Inn (Podunk Iowa location) Ps. (The Hampton Inn is a Hilton property, and....... Hilton IS owned by... BX) How appropriate.