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A 36-year-old who manages $4 billion breaks down why Amazon is his most bullish bet

9 monthes ago   |   By

Noah Berger/Reuters
It's been smooth sailing this year for anyone in the stock market who bet on big tech companies.
The so-called FAANGs, including Facebook , Alphabet , and Netflix , have earned their stripes in 2017 by outperforming the broader stock market and being responsible for much of its gains.
That's partly why stock pickers are having a strong year - they held a record overweight position in tech .
And so, for fund managers heavily weighted in the so-called growth sectors, 2017 has been a good year. They include Justin White, 36, who manages the T.Rowe Price New America Growth...
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Facebook and Amazon are so big they're creating their own company towns - here's the 200-year history

Facebook and Amazon are so big they're creating their own company towns - here's the 200-year history

9 monthes ago   |   By

Getty Images Mega-corporations - from Facebook to Amazon - are creating modern-day company towns.
In Menlo Park, California, Facebook plans to build a new campus with 1,500 residences, a walkable retail district, a grocery store, and a hotel for its employees. Meanwhile, Amazon recently announced that it will build a second headquarters that could effectively turn the chosen city into a company town - much like what happened to Seattle when the online retail giant came to Seattle in the late 1990s. Dubbed HQ2, approximately 50,000 employees will work there.
Since the 19th century...
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The soccer ball Putin gave to Trump is undergoing a routine security check

The soccer ball Putin gave to Trump is undergoing a routine security check

Kevin Lamarque/Reuters The red-and-white soccer ball given to President Donald Trump by Russian President Vladimir Putin is undergoing a routine security check. The Secret... Read more ...

Legal experts say Michael Cohen secretly recording Trump is unlike anything...

Legal experts say Michael Cohen secretly recording Trump is unlike anything they've ever heard of - and it's very bad news for Trump

Reuters/Getty Images Legal experts were stunned at news that President Donald Trump's former longtime lawyer Michael Cohen secretly recorded his old boss. The conversation... Read more ...

Thousands of Tesla Model 3 cars are sitting in giant parking lots in...

Thousands of Tesla Model 3 cars are sitting in giant parking lots in California - here's why

Reuters/Jason Lee Photos of numerous Tesla vehicles at locations in California have shown up on Twitter. These are likely staging areas for vehicles that are on their way to... Read more ...

Microsoft is having a 10-day 'Ultimate Game Sale' with discounts on over 650...

Microsoft is having a 10-day 'Ultimate Game Sale' with discounts on over 650 Xbox and PC games

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Microsoft To... Read more ...

First-ever Global Farm Tourism Summit in Tagaytay City in the Philippines

First-ever Global Farm Tourism Summit in Tagaytay City in the Philippines

The Department of Tourism in association with the International School of Sustainable Tourism , and Southeast Asian Regional Center for Graduate Study and Research in... Read more ...

In spite of political repression, Maldives tourism grows

In spite of political repression, Maldives tourism grows

International tourists are rushing to the Maldives in ever-greater numbers in spite of a protest abroad over the strongman president's attack on political disagree and the... Read more ...

The first trailer for 'The Walking Dead' season 9 is here and it teases the...

The first trailer for 'The Walking Dead' season 9 is here and it teases the comic's next big villain

Jackson Lee Davis/AMC AMC released the first full trailer for the ninth season of "The Walking Dead" Friday at San Diego Comic-Con. The trailer teases new looks for Rick and... Read more ...

US intelligence, military, and diplomatic officials still have no idea what...

US intelligence, military, and diplomatic officials still have no idea what Trump talked about with Putin, and that's dangerous

Pablo Martinez Monsivais/AP A number top US officials have reportedly been left in the dark on what President Donald Trump spoke about with Russian President Vladimir Putin... Read more ...

The US is not prepared to fight China or other great powers, a top Marine...

The US is not prepared to fight China or other great powers, a top Marine training officer says

U.S. Marine Corps photo by Cpl. Christopher Q. Stone/Released A Marine general has a blunt warning for the US as it faces new threats from near-peer enemies: The military is... Read more ...

9 photos of Russia's new stealth frigate, a small warship that's much better...

9 photos of Russia's new stealth frigate, a small warship that's much better armed than the US Navy's LCS

Russian Defense Ministry The Russian Navy will receive a new stealth frigate in late July, according to TASS, a Russian state-owned media outlet. The Admiral Gorshkov, the... Read more ...