The housing market, which was at the heart of the 2008 financial and stock market meltdowns, is improving but has some big hurdles ahead, says Yale economist Robert Shiller. He tells Bloomberg that “the big cloud on the horizon is the withdrawal of government support”. Shiller says where the housing market goes after government support […]
While some have been concerned about the low volume and lessened volatility in the market of late, Charles Schwab’s Liz Ann Sonders remains upbeat on stocks. “The grinding-higher [market] action that has resulted is certainly no disappointment,” Sonders says in her latest market commentary, written with Brad Sorensen. “The market has moved through important resistance […]
Each week, we take a look at which stocks John Reese’s Validea.com Guru Strategy computer models have newfound interest in, and which they have soured on. Here’s a look at some of the stocks John’s strategies have upgraded or downgraded today.
In an interview with Barron’s, top fund manager Bruce Berkowitz says that he’s high on some of the firms most beaten down by the financial crisis — including Citigroup and AIG — and that we’re reaching a point where finding “really great investments” is going to become more difficult. “There were some obvious and wonderful […]
David Ellison, the fund manager and Peter Lynch disciple who sidestepped much of the financial sector meltdown and then turned bullish on the sector shortly before the March 2009 low, is keying on stable, deposit-taking banks. “I am looking for companies that have stable deposit franchises,” Ellison, whose funds focus on the financial sector, tells […]
Blackrock Chief Equity Strategist Bob Doll thinks job growth is “right around the corner,” and says he doesn’t think we’ll see a double-dip recession. Doll tells CNBC that while problems exist, the positives outweigh the negatives for the stock market, and that self-sustaining mechanisms for growth are developing in the economy. He also talks about […]
Tom Forester, whose Forester Value fund was the lone long-only mutual fund to make money in 2008, says he thinks the market has gotten pricey and sees more trouble on the horizon for banks. “The markets are trading at about 20 times earnings. Historically, the average is about 14. So things are looking pretty rich […]
John Hussman is continuing to maintain a defensive position on stocks, saying that two dangers — an overbought, overvalued market and the coming to roost of a second wave of credit losses — mean investors should be cautious. “It is important to note that our current defensive position is driven by the present combination of […]
As we enter the second year of the bull market that began last March, Kenneth Fisher remains high on stocks. “One year into the current bull market I like what I see,” Fisher writes in his latest Forbes column. “Globally improving fundamentals plus strong societal skepticism. Snarky, cranky sentiment and better fundamentals are the classic […]
Top fund manager Donald Yacktman is continuing to focus on high-quality stocks, instead of the lower-quality issues that led the market’s big rally last year. “It’s been a shift away from things that have more economic sensitivity toward things that are just more predictable,” Yacktman says, adding that his firm is “loaded” with high-quality stocks […]
PIMCO’s Bill Gross is known as the “bond king”, but he tells CNBC that he expects stocks will fare better than bonds in the next few months. “I think stocks,” Gross said when asked whether stocks or bonds will outperform over the next three months. “Let’s suggest that the economy looks good, that risk assets […]
Bill Miller, whose Legg Mason Capital Management Value Trust is continuing its strong rebound this year, says the new healthcare legislation will mean good times ahead for attractively priced stocks in the sector. “The political benefits of the healthcare reform will come first, and the more painful aspects such as higher taxes will come later,” […]
While some say we’ve entered an economic and investing world in which things are “different this time”, hedge fund guru Barton Biggs tells Bloomberg that “the world is never different”, and that fearful investors will eventually come back to stocks. Biggs says human nature, fear, and greed will continue to drive markets going forward, as […]
Each week, we take a look at which stocks John Reese’s Validea.com Guru Strategy computer models have newfound interest in, and which they have soured on. Here’s a look at some of the stocks John’s strategies have upgraded or downgraded today. A number of commodity-related and financial stocks are among the movers.
Throughout the Great Recession and the ensuing turnaround that began in mid-2009, many analysts and pundits have said not to expect the economy to get much help from the U.S. consumer. Hamstrung by debt and at the mercy of a weak job market, Americans are going to save more and spend less, the theory goes. […]
With the bull market having recently hit its one-year anniversary, MarketWatch’s Jonathan Burton says investors might want to look to history for clues about what to expect in what will, hopefully, be Year Two of the bull. “This next year, history may not repeat itself, but as Mark Twain quipped, it could rhyme,” Burton writes. […]
In a new piece for Barron’s, Mike Hogan details how investors can learn to invest like Warren Buffett, Benjamin Graham, and other investing greats through Validea.com’s guru-based research system. “If you’d like to get in on some of Berkshire [Hathaway]’s future gains but don’t have the $125,000 price of a ticket, you can, at least, […]
In a recent piece for Advisor Perspectives, Keith C. Goddard, CFA, presents some intriguing data on how investors might use the 10-year “Shiller” P/E ratio to adjust their exposure to equities. In the article, Goddard measures the distributions of returns that have followed various starting-point valuation levels in the stock market using the 10-year P/E, […]
At the heart of good stocks are good companies, and in their latest Kiplinger’s column Whitney Tilson and John Heins offer their perspective on what causes some companies to falter. Tilson and Heins do so in discussing the new book from Jim Collins, How the Mighty Fall. “Investors can gain a lot of insight from […]
Top hedge fund manager Barton Biggs, who called the rally last year when many were shunning the market, remains high on stocks. “I’m bullish,” Biggs recently told Bloomberg Television. “Earnings are coming in very, very strong. The surprise is going to be how good economic growth is.” Biggs says he’s particularly high on emerging markets. […]
Commodities guru Jim Rogers says that he’s not buying equities after the big recent global run-up in stock prices. Rogers also tells Bloomberg that he thinks it would be good for both Greece and the Euro if Greece went bankrupt, and discusses his thoughts on the Euro’s future.
The lack of job growth in the U.S. appears to have been a big factor keeping many on the sidelines during the market’s big rally over the past year. But John Challenger of Challenger, Gray & Christmas tells Yahoo! TechTicker that job growth may be just around the corner. Challenger, whose firm issues one of […]
Each week, we take a look at which stocks John Reese’s Validea.com Guru Strategy computer models have newfound interest in, and which they have soured on. Here’s a look at some of the stocks John’s strategies have upgraded or downgraded today. Among the big-name movers: Exxon Mobil and Hasbro.
In Consuelo Mack’s latest WealthTrack interview, PIMCO’s Bill Gross talks about the “New Normal” he envisions for the economy and investing world. Gross says that deleveraging and the need for big numbers of Baby Boomers to save as they reach retirement will be drags on the economy for some time. He says he’s not in […]
Top fund manager Bruce Berkowitz is once again showing his go-against-the-crowd streak, recently snatching up shares of two of the financial crisis’ biggest whipping boys, Citigroup and AIG. In an interview with Fortune, Berkowitz says that Citigroup’s balance sheet is slowly improving, its capital ratios are higher than they’ve been in years, and its shares […]