Blackrock’s Bob Doll says a number of factors are pointing toward stocks grinding higher. In an interview with CNBC, Doll says one of those factors involves Federal Reserve policy. He thinks the probability of the Fed engaging in more quantitative easing has risen recently, and that is good news for the stock market in the […]
In his latest article for Forbes.com, Validea CEO John Reese says the high levels of fear in the market are creating a variety of opportunities around the globe for disciplined value investors. “A double-dip recession, tax hikes, a U.S. budget crisis, a European debt contagion — these are just a few of the fears now […]
While the National Bureau of Economic Research recently declared that the so-called Great Recession ended in June of 2009, John Hussman says that doesn’t mean the economic pain is over. In his latest market commentary for Hussman Funds, Hussman says that data cited by NBER itself shows that we may already be headed back into […]
PIMCO’s Bill Gross is standing by his contention that we’re in a “New Normal” for the economy and stock market, saying that investors shouldn’t expect double-digit returns from a stock/bond portfolio going forward. Gross tells CNBC that investors should look outside the U.S. for the best opportunities, keying on countries that have non-dollar currencies and […]
Hedge fund guru John Paulson is continuing to bet on big-time inflation hitting the U.S., and as a result is keying on equities, gold, and real estate. Forbes’ Robert Lenzner reports that Paulson, speaking at the University Club in New York, said double-digit inflation will hit by 2012, pounding the bond market and strengthening equities. […]
While many have been talking about — and fearing — a “New Normal” of slower growth for the U.S. economy and stock market, author and top money manager Kenneth Fisher says the notion is “idiotic”. Speaking at the Forbes Global CEO Conference in Sydney, Fisher said things aren’t so different this time around. “We are […]
David Tepper, president & founder of Appaloosa Management, has produced exceptional long-term returns as a hedge fund manager. In this interview with CNBC, he talks about why he got bullish on banks in early 2009 — with great success — and why Federal Reserve policy and other factors have him adding to his stock portfolios.
Top value manager David Winters says he sees a bright future for the world, and sees “lots of undervalued securities” right now. He also says a key, overlooked economic indicator — rail car loadings — is giving bullish signals, and discusses some stocks he’s keen on.
Charles Schwab Chief Investment Strategist Liz Ann Sonders says she thinks it’s unlikely the U.S. will suffer a double-dip recession, and says the Federal Reserve’s talk of continued stimulative policy may be hampering the recovery. “While slowing, the economic engine continues to move forward,” Sonders says in her latest market commentary, written with Schwab’s Brad […]
Unemployment remains high, economic growth is slowing, taxes may soon rise, and consumer confidence is near historic lows. But while investors are fleeing stocks in favor of bonds amid the tough economic times, history shows they shouldn’t, according to research from James O’Shaughnessy’s firm. In its latest market commentary (“The Economy and the Stock Market”), […]
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: AT&T and Research in Motion.
Kenneth Fisher says investors continue to be fixated on the problems of the recent past, which is preventing them from seeing opportunities in the present. “Generally, one thing I’ve learned is that when people are adequately fixated on the negative, pessimistic, skeptic and snarky; to be in such a mode as to be chewing the […]
John D. Spears’ Tweedy Browne Global Value fund is in the top 1% of funds in its class based on 15-year returns, according to Morningstar, and Barron’s recently offered a look into just how Spears manages this top-performing fund. According to Barron’s, Spears and his partners at Tweedy Browne “try to find what [Benjamin] Graham […]
In his latest article for Canada’s Globe and Mail, Validea CEO John Reese says that the current U.S. recovery — while much-maligned in the media — isn’t all that different from some other recoveries in U.S. history. “Recoveries are never smooth and easy,” Reese writes, adding that bull markets aren’t smooth and easy either. After […]
While many investors and commentators have raised fears of deflation recently, Rob Arnott of PIMCO and Research Affiliates still has his eye on potential inflation — and the opportunities it could present for investors. Arnott tells the Los Angeles Times that concerns about deflation could actually end up resulting in inflation. He thinks deflation fears […]
A new study shows that value investors who remain patient and rational tend to make out better in the market than those who buy up flashier stocks. According to Canada’s Financial Post, the study — performed by The Brandes Institute — examined how stocks performed in the year after reporting earnings. The findings: Value stocks […]
Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Joseph Piotroski-inspired strategy, which has beaten the market by more than 5 percentage points per year since its inception more than six-and-a-half years ago. Below is an excerpt from today’s […]
The Boston Globe has a feature today about Fidelity Contrafund manager William Danoff, who has compiled one of the best long-term track records in history and today reaches the 20-year mark of heading the fund. Since he took over, Danoff’s fund has generated average annual returns of 12.2% — nearly 4 percentage points better than […]
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 Latin American stocks are among the movers.
Marc Faber of the Gloom, Boom & Doom Report says he thinks global equities may be in a trading range in which stocks fall in October and November, before rising in the last part of the year. Faber also tells CNBC TV-18 why he currently favors agricultural commodities over industrial commodities.
Warren Buffett says the U.S. economy will not slip into a “double-dip” recession. “I am a huge bull on this country,” Buffett told the Montana Economic Development Summit on Monday, according to Bloomberg. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.” “I’ve seen sentiment […]
Author and hedge fund guru Joel Greenblatt recently discussed his “Magic Formula” approach to investing on CNBC. Greenblatt talks about how his formula works because, ironically, it doesn’t always work, and says the approach usually targets firms getting negative publicity. He also says the formula is currently finding a lot of values in the retail, […]
Neil Woodford, one of the U.K.’s top fund managers, recently offered some of his tips on how to manage risk and find value in the market. Writing for London’s Telegraph, Woodford says that being “highly selective” about his stock picks mitigates risk. “This leads on to my focus on valuation and, by searching for those […]
In his first interview since stepping down from Renaissance Technologies, the top-performing hedge fund that he founded, James Simons sounds relatively positive on the stock market. Simons tells CNBC that the market is “resilient”, and says he would have expected it to go lower than it has. Simons does say that he thinks housing prices […]
A number of top value investors are continuing to see big bargains in big blue chips. Among them: money manager and columnist Whitney Tilson. “If you’re worried about a feeble economy you want to own companies with strong balance sheets,” Tilson says, according to the Associated Press. Tilson doubts the broader market will do much […]