Last Update: 12-31-1969

Number of Stocks:
Number of New Stocks:

Total Value: $0 Mil
Q/Q Turnover: %

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Watch

  • U.S. Stocks Rise and Apple Shares Shine

    By Daffa Zaky of FxDailyReport.Com


    The U.S. stock market has climbed today, and Apple shares have soared as well. The Cupertino-based firm has been doing a great job in the technology industry, and investors seem to be very confident about the firm´s future. Since the FED had to report at 2:00 p.m. ET, investor´s expectations were kept in check. In fact, the SPX added 4 points or 0.2% where technology stocks were leading these gains. The Dow was also hot in its upward trend climbing 54 points or 0.3%, and the COMP jumped 32 points or 0.6%. Apple shares just soared 7.2% today as well.

      


  • Pultegroup Inc (PHM) CEO Richard J Jr Dugas Sold $5.3 million of Stocks


  • Kimberly-clark Corp (KMB) Chairman of the Board and CEO Thomas J Falk Sold $27.5 million of Stocks


  • Abbott Laboratories (ABT) Chairman and CEO Miles D White Bought $777,216 of Stocks


  • Abbott Laboratories (ABT) Chairman and CEO Miles D White Bought $7.6 million of Stocks


  • Abbott Laboratories (ABT) Chairman and CEO Miles D White Bought $4.9 million of Stocks


  • Abbott Laboratories (ABT) Chairman and CEO Miles D White Bought $7.8 million of Stocks


  • Abbott Laboratories (ABT) Chairman and CEO Miles D White Bought $10.5 million of Stocks


  • Sales for Apple Continue to Decrease

    On Tuesday evening, Apple (NASDAQ:AAPL) reported its third quarter 2016 earnings results. Revenue and earnings beat analysts’ average estimate however sales continued to fall for the technology company in the third quarter.


    For the quarter Apple reported revenue of $42.4 billion, beating analysts’ average estimate by $310 million. Revenue for the quarter was down 14.5% from the comparable quarter. Earnings per share for the quarter were $1.42, beating analysts’ average estimate by $0.04. Earnings per share for the quarter were down 23% from the comparable quarter.

      


  • Paulson’s Checklist Casts Doubt on Verizon-Yahoo! Deal

    Early this week, Verizon Communications Inc. (NYSE:VZ) made a definitive agreement to acquire Yahoo! Inc. (NASDAQ:YHOO) for about $4.83 billion. While the merger has high potential synergies, it is subject to a high variety of risks. Using Paulson’s Merger Arbitrage Checklist, the Verizon-Yahoo! acquisition is likely to face challenges during the merger process.


    A brief history on Paulson and his checklist

      


  • Dr. Michael Burry of 'The Big Short' Portfolio Review Shows Several Large Gains

    Dr. Michael Burry surprised investors this year when he reported his first investment portfolio to the SEC since folding his previous fund in 2008 after he correctly predicted and made a large sum of money off the housing crisis, as portrayed in the movie The Big Short. He further surprised investors when that portfolio listed several of the banks that almost fell apart during the crisis, and even further when he sold all of the banks in the first quarter. Perhaps unsurprising is that his almost every stock in his portfolio as of the first quarter is performing exceptionally.


    As of March 31, Burry’s firm Scion Asset Management, junked positions in Citigroup (NYSE:C), Bank of New York Mellon (NYSE:BK), PNC Financial Services Group (NYSE:PNC) and Bank of American (NYSE:BAC) – the bank stocks he disclosed owning at the end of the fourth quarter. Burry founded the Cupertino, California-based firm in 2013, announcing ownership of 13 stocks at the end of 2015. He shrunk that to eight by the end of the first quarter.

      


  • Stocks Down Slightly After Fed Keeps Rate Unchanged

    U.S. market indexes were mostly lower on Wednesday.


    For the day the Dow Jones Industrial Average closed at 18,472.17 for a loss of 1.58 points or 0.01%. The Standard & Poor's 500 was also down, closing at 2,166.58 for a loss of 2.60 points or 0.12%. Technology stocks gained for the day. The Nasdaq Composite was higher at 5,139.81 for a gain of 29.76 points or 0.58%. The VIX Volatility Index was lower at 12.79 for a loss of 0.26 points or 1.99%.

      


  • test



  • A Quart of Milk, a Loaf of Bread and 22% ROE at Casey's General Stores

    Warren Buffett (Trades, Portfolio) would probably like this company. He and we could easily understand it.


    Casey's General Stores - GuruFocus

      


  • Gilead Sciences Is Still a Buy

    Gilead Sciences (NASDAQ:GILD) continues to offer one of the best long-term investment opportunities despite reporting weak numbers this week.




  • Irish Brewer Could Be a Buyout Candidate

    C&C PLC (CCGGY) is an Irish brewer of beer and cider. The company has been hurt by increased competition and lack of interest in cider in the U.S. However, the stock has gotten pretty cheap and could portend a potential buyout as the industry continues to consolidate. Some of the company’s better known brands include Woodchuck Cider, Magmers, Hornsby’s and Tennent.


    The company has 326.77 million shares and trades at a market cap of 1.2 billion euros ($1.322 billion). Sales were down in the most recent year by 3.1% to 662.6 million euros. It takes $1.10 to buy one euro. Adjusted earnings per share were 0.242 euro cents, and the stock trades at a price-to-earnings ratio of 15.2. The dividend was 0.1365, and the dividend yield 3.7%. The dividend was increased 18.7%.

      


  • What Is Driving the Markets?

    For investors, the week is still young, but the market’s amazing climb to the top is beginning to slow.


    After last week’s record-setting highs, this week certainly feels a little bit lackluster. What has caused the slowdown, and will the market be able to ascend even higher before the end of the week? Several key events are taking place this week, and they’ll ultimately impact the performance of the market from now until Friday.

      


  • How Walmart Can Fight Online Encroachment

    The growth of ecommerce has taken away a lot of shine from brick-and-mortar retailers, and that scenario is not about to change any time in the next decade. The more this segment grows where people simply click a button and expect delivery at their doorstep – the lower the growth possibilities for physical retail chains – unless they are ready to jump on the ecommerce bandwagon.


    In an earlier article called "Walmart is Getting Smarter," I wrote about Walmart's (NYSE:WMT) gains in China and how it was learning its lessons well overseas. In this article, I'll address a major shift in its strategy that can help it deal with the competition from ecommerce players such as Amazon (NASDAQ:AMZN).

      


  • Key Metrics: Price to Sales

    Today I want to take an in-depth look at what James O'Shaughnessy, author of "What Works on Wall Street," found to be the best historical value metric – the price to sales ratio. I'll discuss how to calculate it, what it tells us and how you can incorporate the metric in your investing approach.


    What is price to sales?

      


  • Paul Jacobson Buys Delta

    Paul Jacobson (Insider Trades), Executive Vice President and CFO of Delta Air Lines Inc. (DAL), bought 25,000 shares of the company on July 25. The average price per share was $38.91, for a total transaction amount of $972,750. Delta Air Lines is a global airline company headquartered in Atlanta, Georgia. The company has a market cap of $28.87 billion.


    The number and volume of insider buys decreased from five transactions of 29,000 shares in 2013, to three transactions totaling 5,000 shares in 2014. There were four insider buys totaling 18,415 shares in the following year. Jacobson’s aforementioned transaction is his sole insider buy with DAL since 2013 to date. Jacobson sold 107,000 shares of the company in 13 transactions during the same time frame. His earliest insider sell in November 2013 increased in value by about 40% since then. Another DAL insider, Executive Chairman of the Board, Richard Anderson (Insider Trades), sold 758,000 shares of the company on July 15. The average price per share price was $40.07. Month end price and the number of insider sells were directly related from 2013 to 2015. 1469642537828.png 1469642545417.png For more information about insider trades with DAL, click here.

      


  • Guru Stocks That Outperform the S&P 500

    The following are some of the stocks that outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.


    Federal Realty Investment Trust (FRT), with a market cap of $11.87 billion, has outperformed the S&P 500 Index by 22.4% during the last 12 months. Currently three gurus are holding the company that has returned 16%-plus year to date and 94%-plus during the last five years; it is now trading with a P/E(ttm) ratio of 48.37, and according to the DCF calculator it looks overpriced by 465% at the price of $167.35. Over the last 12 months the company’s revenue has grown by 6% and EPS has grown by 10%.

      


  • Jerome Dodson's Best Investments

    Jerome L. Dodson is the founder and president of Parnassus Investments. He manages a portfolio composed of 37stocks with total value of $684 million. During the second quarter of 2016, the guru increased several stakes. The following are the ones with the highest performance since that buy.


    Praxair Inc. (PX)

      


  • Alphabet Inc (GOOG) CEO Lawrence Page Sold $23.9 million of Stocks


  • Barrick Is Positioned to Meet Expectations

    Barrick Gold Corporation (ABX) will release its second-quarter results after the market closes July 27.


    In the first quarter Barrick reported EPS of 11 cents, exceeding the consensus estimate of 1 cent.

      


  • Gilead’s Valuation Makes It a Screaming Buy

    Gilead’s (NASDAQ:GILD) misfortunes continue to hammer the stock. Since the stock’s spectacular run from under $20 in 2011 to near $120 in 2015, it has been on a slide and is now trading at seven times earnings, the lowest trading multiple among the top 10 pharmaceutical companies in terms of market capitalization.


    The stock is a strong buy despite the market thinking otherwise, and I covered my reasons in detail in my earlier article "An Unfair Valuation Makes a Great Investment."

      


  • Mario Gabelli Comments on Viacom Inc.

    Viacom Inc. (NASDAQ:VIA) (6.7%) (VIA – $46.42 – NASDAQ) is a pure-play content company that owns a global stable of cable networks, including MTV, Nickelodeon, Comedy Central, VH1, BET, and the Paramount movie studio. Viacom’s cable networks generate revenue from advertising sales, fixed monthly subscriber fees, and ancillary revenue from toy licensing, etc. We believe a low valuation and M&A potential outweigh the secular risks of cord-cutting.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • Mario Gabelli Comments on Sony Corp

    Sony Corp. (NYSE:SNE) (3.3%) (SNE – $29.35 – NYSE) is a diversified electronics and entertainment company based in Tokyo, Japan. The company manufactures televisions, PlayStation game consoles, mobile phone handsets, and cameras. It also operates the Columbia film studio and Sony Music entertainment group. We expect the new PlayStation launch and operational improvements in consumer electronics and entertainment to generate EBITDA growth through 2017. We also think the spinoff of the entertainment assets could be a catalyst.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • Mario Gabelli Comments on Ryman Hospitality Properties Inc.

    Ryman Hospitality Properties Inc. (NYSE:RHP) (1.6%) (RHP – $50.65 – NYSE) is a Nashville, Tennessee based REIT that owns convention hotels in Nashville, Tennessee; Orlando, Florida; Dallas, Texas; and Washington, D.C. Other assets include the iconic Opryland, the famous Ryman Auditorium, the General Jackson Showboat, and Nashville based radio station WSM-AM. With property manager Marriot’s operational issues resolved, the team is focused on taking advantage of strong convention bookings trends, seeking to drive margin expansion by increasing occupancy and room rates. Finally, as the leading country music entertainment brand, the potential monetization and spin-off of the Entertainment assets, including the Grand Ole Opry, also remains a significant catalyst for RHP shares.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • Mario Gabelli Comments on Newmont Mining Corp

    Newmont Mining Corp. (NYSE:NEM) (3.5%) (NEM – $39.12 – NYSE) based in Denver, Colorado, is one of the largest gold mining companies in the world. Founded in 1921 and publicly traded since 1925, NEM is the only gold company included in the S&P 500 Index and Fortune 500. We expect the company to produce approximately 5.1 million ounces of gold and 320 million pounds of copper in 2016, with over 70% of this production coming from Australia and Nevada. Newmont undertook company wide cost cutting measures during the period 2013 – 2015, lowering its average unit costs base by over 20% during this period. The company has sold non-core assets and has deployed the proceeds from these sales into repaying debt and building new projects which it expects will generate superior rates of return for shareholders. Given Newmont’s largely fixed cost base, every increase (or decrease) in the gold price will flow directly to the company’s bottom line.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • Mario Gabelli Comments on Honeywell International Inc.

    Honeywell International Inc. (NYSE:HON) (3.1%) (HON – $116.32 – NYSE) operates as a diversified technology company with highly engineered products, including turbine propulsion engines, auxiliary power units, turbochargers, brake pads, environmental and combustion controls, sensors, security and life safety products, resins and chemicals, nuclear services, and process technology for the petrochemical and refining industries. One of the key drivers of HON’s growth are acquisitions that increase the company’s growth profile globally, creating both organic and inorganic opportunities. The company recently acquired Elster Industries, a leading provider of thermal gas solutions, smart meters, software and data analytics for the commercial, industrial and residential heating market. Elster’s gas business offers products in high demand among natural gas customers and brings a strong, global distribution network and numerous cross-selling opportunities for existing HON technologies to new customers. Elster’s gas, electric and water meters are highly valued for their reliability, safety and accuracy. The company maintains an installed base of more than 200 million meter modules deployed over the course of the last 10 years that generate significant recurring revenues. We believe acquisitions such as Elster should drive meaningful and sustained growth for HON spurred by global energy efficiency initiatives and natural resource management.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • Mario Gabelli Comments on Edgewell Personal Care Co.

    Edgewell Personal Care Co. (NYSE:EPC) (2.0%) (EPC – $84.41 – NYSE) based in St. Louis, Missouri, is the personal care division of Energizer Holdings, which split its personal care and household products divisions on July 1, 2015. Edgewell generates approximately $2.3 billion of revenue through its principal businesses: wet shaving, including Schick-branded razors and blades, Edge and Skintimate shaving preparation and private label shaving products; sun care, including the Banana Boat and Hawaiian Tropic brands; feminine care, including Playtex and o.b. tampons and Carefree and Stayfree liners and pads; and infant care, utilizing the Playtex and Diaper Genie brands. As a pure-play personal care company, Edgewell competes in high-margin, attractive categories with leading brands. We expect management to focus on improving margins through product mix, restructuring savings and operating leverage, which should afford it flexibility to reinvest in growth opportunities. The company has approximately $1.2 billion of net debt providing management with sufficient flexibility to invest in internal growth, make acquisitions and/or repurchase shares. EPC is a likely acquisition target as a multinational competitor with a strong international infrastructure would benefit from scale, cost synergies, and the opportunity to accelerate international expansion.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • Mario Gabelli Comments on DISH Network Corp

    DISH Network Corp. (NASDAQ:DISH) (1.8%) (DISH – $52.40 – NASDAQ) is the fourth largest pay television provider in the U.S., serving approximately 14 million subscribers through its original satellite business and newer Sling internet delivered over-the-top offering. Founder Charlie Ergen owns approximately 53% of DISH’s shares. DISH has accumulated a significant spectrum position at attractive prices. DISH could monetize its spectrum through a sale of the spectrum or the whole company, or, more likely, a partnership with an existing wireless operator.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • Mario Gabelli Comments on CBS Corp

    CBS Corp. (NYSE:CBS) (6.8% of net assets as of June 30, 2016) (CBS – $57.62 – NYSE) operates the CBS television network and the premium cable network Showtime. It also owns 29 local television stations and 130 radio stations. We believe that CBS has a number of opportunities to generate incremental non-advertising revenue from the sale of existing content through its OTT platforms, online video distributors and retransmission agreements with traditional distributors. In addition, we expect a continued recovery in advertising to contribute to earnings growth. Finally, we believe that financial engineering, including the split-off of its radio business, could act as a catalyst for shares.

    From Mario Gabelli (Trades, Portfolio)'s Value 25 Fund second quarter commentary.   


  • The Gabelli Value 25 Fund 2nd-Quarter Shareholder Commentary

    To Our Shareholders,

      


  • Why Nike’s Pullback Is an Opportunity

    Nike’s (NYSE:NKE) shares have pulled back considerably since the company’s last earnings report. The stock is currently trading 20% under its 52-week high level, and while its valuation at 26x trailing earnings may seem a bit stretched, I think the pullback is a great buying opportunity.


    Strong Performer

      


  • Under Armour Off the Hook with Warning

    When a company announces operating profits dipped 57% that quarter and net income dropped 39%, you would expect more than a mere 5% hit on share price. But, that’s exactly what happened to Under Armour (NYSE:UA) yesterday.


    Having cited the liquidation of their largest seller, Sports Authority, as the primarily reason, UA posted $6.34 million in quarterly profits and $19 million in operating income during the second quarter call on Tuesday, July 26. That’s down from $14.8 million and $32 million, respectively, from the same period last year.

      


  • Staples Is a Buy on Busted M&A Deal

    Staples (NASDAQ:SPLS) stock got demolished upon the busted deal with Office Depot (NASDAQ:ODP). This provides an interesting opportunity for the value investor, as the stock's dividend yield is 5.27%.


    As of today, the dividend that Staples pays is 48 cents. That 5.27% dividend yield is greater than just about anything you can get in the bond markets, or at a bank. The 52 week low is $8 a share and 52 week high $14.72.

      


  • Equity Market Highs, Bond Yields at Record Lows. Who's Right?

    Equity Market Highs, Bond Yields at Record Lows. Who's Right?



    One of the things we've noticed in a post-Brexit environment in the United States is a classic disconnect between what the equity market is saying and what the bond market is saying.

      


  • Daniel Loeb's Third Point 2nd-Quarter 2016 Investor Letter

    Review and Outlook

      


  • Anheuser-Busch Raises Offer in Aftermath of 'Brexit'

    Anheuser-Busch InBev (NYSE:BUD) increased its offer to rival SABMiller PLC (LSE:SAB) on Tuesday. This is its latest addition in a series of deals with the company after an initial agreement was reached in November.


    This deal has been affected by the United Kingdom's decision to leave the European Union and the resulting decline in the pound’s value since then. Anheuser-Busch has offered to pay £45 ($59) per share for SABMiller, increasing its previous offer by one pound.

      


  • Remain Cautious on Caterpillar After Results

    Caterpillar (NYSE:CAT) stock has been in an uptrend for a large part of this fiscal year after bottoming out at $57.9 on Jan. 21. The stock is currently higher by 44% from year-to-date lows.


    With the company reporting second quarter results, is the stock still worth buying at current levels or on correction? Based on the quarterly results and the guidance from the management, the broad conclusion is that Caterpillar has challenging times ahead, and it would be best to remain on the sidelines and consider exposure to the stock on correction.

      


  • Dividend Ideas: Philip Morris, Altria Group, British American Tobacco

    One of the key elements I look for while selecting companies that can be added to a dividend portfolio is the staying power of their businesses.


    Is the industry prone to disruption? Can a new-age competitor give these companies a run for their money? Will they be alive long after I am gone? These are the key questions that one needs to ask before selecting a company, and the tobacco industry does tick all of those boxes.

      


  • Why GoPro Has More Downside to Offer

    While the current earnings season has been good for several struggling companies, GoPro (NASDAQ:GPRO) will likely head lower after reporting another bad quarter. There are several reasons to believe GoPro is a terrible investment and despite its stunning fall, the stock still has more room to head lower.


    Continuously Going Downward

      


  • Why Google Cloud Will Stay Behind the Curve

    Any discussion on cloud must necessarily include Alphabet’s Google (NASDAQ:GOOG). Why? Because they are one of the pioneers of cloud, initially using their entire capacity for their own needs, but over time maturing into a provider of cloud services such as infrastructure, software and so on.


    But Google is not one of the those companies that moves fast. Take Oracle (NYSE:ORCL), for example. Despite shying away from the cloud for several years, they’ve realized that their legacy businesses are just not made for the future. Now, they’re trying desperately to grow their cloud revenues in an attempt to compensate for declines in software and hardware income.

      


  • Learning From Investment Failure

    In my U.S. stock portfolio, I have made two investment mistakes that have the largest hit to my performance.


    I closed them out by the end of last month and thought I’d write something to review my investment failure – what kind of mistake I have made and why I did it wrong and how I can learn from these experiences so to improve my investment in the future.

      


  • Leman Capital Management Continues to Top Performances Amongst Quant-Focused Hedge Funds

    Algorithmic trading, or simply algo-trading, is becoming common place amongst hedge funds as they continue to position themselves in equities with automated trading in currencies. While global markets continue to struggle due to unpredictable economies, the currency market has become one of the prime candidates to provide hedging opportunities.


    Most hedge funds have historically identified themselves with equity investments, but according to recent data, the picture appears to be changing as more players continue to expand their portfolios by including automated currency trading.

      


  • Invesco European Growth Fund Adds to Sabanci Stake

    Invesco European Growth Fund (Trades, Portfolio) added 1,328,978 shares to its stake in Haci Omer Sabanci Holding (IST:SAHOL) in the second quarter.


    The trade had a 0.33% impact on the fund’s portfolio. It now owns 11,153,719 shares in the company.

      


  • Steven Romick Reduces Stake in Henkel

    Steven Romick trimmed his stake in Henkel (XTER:HEN) by 11.83%, selling 151,340 shares in the second quarter.


    The company is headquartered in Düsseldorf, Germany, and it operates its business worldwide in three segments: Adhesive Technologies, Beauty Care and Laundry & Home Care.

      


  • Is Disney Worth Holding?

    A recent Bloomberg article titled “TV Loses Grip on Eyes and Ads That Want Them” highlighted some worrying signs for most media-related long-term investors. According to the article, money spent globally on commercial spots in YouTube videos, Facebook (NASDAQ:FB) feeds and news websites will overtake the ad dollars spent on TV commercials for the first time in 2017.


      


  • Ford and General Motors: 2 Ways to Skin a Cat

    Both General Motors (NYSE:GM) and Ford (NYSE:F) are extremely reliant on the U.S. market for their sales numbers and bottom-line profitability because, outside the U.S., they have neither the numbers nor the profitability to support their respective companies.


    During the second quarter, General Motors' North America unit posted an operating income before taxes of $3.647 billion, and the group’s total operating income before taxes, which includes all regions, came in at $3.721 billion. It would be an understatement to say that General Motors is dependent on the U.S. market; it’s very much GM's bread and butter, not to mention the plate from which it's eating!

      


  • Illinois Tool Works Inc (ITW) Chairman & CEO Ernest Scott Santi Sold $8.5 million of Stocks


  • Alphabet Inc (GOOG) CEO Lawrence Page Sold $24.9 million of Stocks


  • Eldorado Gold Poised for Rally

    Investors see Eldorado Gold Corp. (NYSE:EGO) as a cheap gold stock in terms of price-to-book value when compared to its peers and even being undervalued by the stock market when its balance sheet is under scrutiny and its pipeline of growth projects is taken into account.


    Recently Credit Suisse downgraded Eldorado from outperform to neutral, citing headwinds in Turkey where the miner has the majority of its production outside Greece.

      


  • Stocks Mixed as FOMC Begins Two-Day Meeting

    U.S. market indexes were mixed on Tuesday. For the day the Dow Jones Industrial Average was lower at 18473.75 for a loss of -19.31 points or -0.10%. The S&P 500 was higher at 2169.18 for a gain of 0.70 points or 0.03%. The Nasdaq Composite closed higher at 5110.05 for a gain of 12.42 points or 0.24%. The VIX Volatility Index was higher at 13.05 for a gain of 0.18 points or 1.40%.


    In the Dow Jones Industrial Average, stocks leading gains and losses included the following:

      


  • Caterpillar Rallies Despite Global Sales Slump

    Shares in Caterpillar rallied Tuesday after the heavy machinery manufacturer skated past Wall Street’s quarterly earnings expectations.


    The world’s largest construction and mining equipment company posted earnings of $1.09 per share for the second quarter of 2016, excluding major restructuring costs. Analysts had been anticipating an EPS of just 96 cents.

      


  • David Einhorn Adds Consol Energy and AerCap, Boots Michael Kors and Time Warner From Top 5

    David Einhorn (Trades, Portfolio) demoted Michael Kors (NYSE:KORS) and Time Warner (NYSE:TWC) from the top five positions in his portfolio during the second quarter, favoring AerCap Holdings (NYSE:AER) and Consol Energy (NYSE:CNX).


    According to a letter out today, three holdings remained constant in his hedge fund, Greenlight Capital’s portfolio – gold, General Motors (NYSE:GM) and Apple (NASDAQ:AAPL) – which has spent more than a year at the top. No details about the positions will be reported until Einhorn discloses his second-quarter portfolio in the next few weeks.

      


  • Is Sprint’s 1st-Quarter Performance Repeatable?

    Sprint’s (NYSE:S) stock skyrocketed to above $6 after the company posted better-than-expected results and recorded its fourth straight quarter of growth in its postpaid phone base. It took almost two years for Sprint to get above the $6 level so this is indeed good news for its investors.


    I have been skeptical about Sprint’s fortunes, as the U.S. market is approaching peak penetration in smartphone growth; and I covered that in detail in my article "Sprint Running Out of Steam as Market Nears Peak Penetration."

      


  • Steven Cohen Boosts Position in Alon USA Energy

    Steven Cohen (Trades, Portfolio) of Point72 Asset Management raised his stake in Alon USA Energy Inc. (NYSE:ALJ), a Dallas-based oil and gas refining and marketing company, by nearly 210% with the purchase of 2,353,738 shares on July 14.


    Cohen, who initiated his position in Alon USA Energy with the acquisition of nearly 50,000 shares for an average price of $9.53 per share in the first quarter of 2011, paid $6.66 per share in his latest deal. The transaction had a 0.12% impact on his portfolio.

      


  • Amphenol Corp (APH) President & CEO Richard Adam Norwitt Sold $15.5 million of Stocks


  • UPS: The Metric to Watch

    UPS will be reporting its second quarter earnings results on July 29 before markets open.


    2015 was a great year for United Parcel Service (NYSE:UPS), and the trend continued during the first quarter of the current fiscal with the company posting 10% growth in quarterly income while revenue increased by 3.2% to $14.42 billion.

      


  • Hyundai Reports 10th Consecutive Quarterly Profit Drop

    Heading into 2012, Hyundai Motor Co. (XKRX:005380) was the fifth-largest carmaker in the world based on sales, but circumstances have shifted, and the South Korean company reported its 10th consecutive quarterly profit drop Tuesday.


    Even though Hyundai’s sales were up in China with the introduction of new models in the market, weak demand for sedans and higher marketing costs for Hyundai’s luxury brand were blamed for the decline. Domestic sales were up, but lower sales overseas offset those gains.

      


  • Singapore Based Haw Par Selling at a Discount to NAV

    Haw Par (HAWPF, HAWPY) is a Singapore based conglomerate that is trading at a discount to net asset value. The company has been around for over 100 years and has holdings in real estate, theme parks, health care, and other investments. It is held by several value funds.


    There are 219 million shares and the market cap is SG$2 billion ($1.477 billion). It takes 74 cents to buy one Singapore dollar. In 2015, there was an ordinary dividend of SG14 cents and a special dividend of SG15 cents. The ordinary dividend yield is 1.53%.

      


  • Why I’m Still Bullish On Qualcomm

    I have been bullish on Qualcomm (NASDAQ:QCOM) for several months now and the stock has delivered stellar returns in the reference time period. Qualcomm’s turnaround is gaining pace and I think the stock can continue moving higher on the back of successful management and implementation.


    Achieving Success in IoT Segment

      


  • Apple’s Weak Earnings Might Provide a Buying Opportunity

    Apple (NASDAQ:AAPL) has been facing many problems over the last few months and it doesn’t look like the issues are going to end soon. Apple is scheduled to report earnings today, and I am expecting the company to report weak earnings for several reasons, which are mentioned below.


    Apple’s Momentum in China

      


  • Phillips 66: Value & Yield on an Overpriced Market

    Reasonably safe stocks yielding 3%+ are becoming difficult to find as the market’s price-to-earnings ratio marches ever higher.


    The S&P 500 currently has a price-to-earnings ratio of 25.1 and a dividend yield of 2.1%. Historical averages for these numbers are 15.6 and 4.4%, respectively (yields are down not only due to valuation but also because of the increased prevalence of share repurchases).

      


  • Tupperware Brands Corp (TUP) Chairman and CEO E V Goings Sold $9.4 million of Stocks


  • Are Equities Cheap or Expensive Compared to Bonds?


    “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.” – Warren Buffett (Trades, Portfolio)

      


  • Peter Lynch's Bargains

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with wide margins of safety and at least five gurus are shareholders.


    AerCap Holdings NV (AER) is trading at about $36 per share, the Peter Lynch value gives the stock a fair price of $81.2, giving investors a margin of safety of 56%.

      


  • T. Rowe Price Buys Apple, Pepsi, Western Digital

    John Linehan has been the portfolio manager of T. Rowe Price Equity Income Fund (PRFDX) since November of 2015, taking the reins from Brian Rogers, who managed the Fund since its inception in 1985. The following are the most heavily weighted buys of the second quarter of 2016.


    The fund raised its stake in Total SA ADR. (TOT) by 91.74%, with an impact of 0.68% on the portfolio.

      


  • Mario Gabelli Comments on Xylem Inc.

    Xylem Inc. (NYSE:XYL) (1.2%) (XYL – $44.65 – NYSE) is a global leader in the design, manufacturing, and application of highly engineered technologies for the transportation, treatment, and testing of water. The company is expected to benefit from favorable long term fundamentals in the water industry, driven by scarcity, population growth, aging of the infrastructure, and the need to improve water quality. Further, with a large installed base of pumps and systems, the company is well positioned to increase aftermarket revenue, which currently represents roughly 40% of total revenues. Xylem’s attractive business mix also generates strong cash flow, which is expected to support acquisitions across geographies and end markets and increase returns to shareholders. XYL is expected to generate 8%-12% earnings per share growth through 2020 as it accelerates its capital deployment strategy globally.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Waste Management Inc.

    Waste Management Inc. (NYSE:WM) (1.0%) (WM – $66.27 – NYSE) is the largest non-hazardous waste collection and disposal company in the United States. The company collects waste for commercial, industrial, municipal, and residential customers throughout the United States, and operates 249 landfills, 297 transfer stations, 104 recycling facilities, and 122 landfill gas-to-energy facilities. WM has focused on improving profitability by increasing return on capital and cash flow at each of its operations, through cost cutting and price increases. In addition, the company is looking for new environmentally friendly ways to increase returns from garbage, such as landfill gas. The company has a history of returning its strong cash flow to shareholders, both through dividends and its large share repurchase program.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Twenty-First Century Fox Inc.

    Twenty-First Century Fox Inc. (NASDAQ:FOXA) (2.1%) (FOXA – $27.05 – NASDAQ), (0.1%) (FOX – $27.25 – NASDAQ) is a diversified media company with operations in cable network television, television broadcasting, filmed entertainment, and direct broadcast satellite television. Cable networks account for 70% of the company’s EBITDA, and benefit from contractually recurring affiliate fees and exposure to the fast growing global pay television market. We also expect the company to benefit from rising demand for premium content, driven by emerging distribution platforms such as Netflix, retransmission revenue, and aggressive share repurchases.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Sony Corp

    Sony Corp. (NYSE:SNE) (1.0%) (SNE – $29.35 – NYSE) is a diversified electronics and entertainment company based in Tokyo, Japan. The company manufactures televisions, PlayStation game consoles, mobile phone handsets, and cameras. It also operates the Columbia film studio and Sony Music entertainment group. We expect the new PlayStation launch and operational improvements in consumer electronics and entertainment to generate EBITDA growth through 2017. We also think the spinoff of the entertainment assets could be a catalyst.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Ryman Hospitality Properties Inc.

    Ryman Hospitality Properties Inc. (NYSE:RHP) (0.2%) (RHP – $50.65 – NYSE) is a Nashville, Tennessee based REIT that owns convention hotels in Nashville, Tennessee; Orlando, Florida; Dallas, Texas; and Washington, D.C. Other assets include the iconic Opryland, the famous Ryman Auditorium, the General Jackson Showboat, and Nashville based radio station WSM-AM. With property manager Marriot’s operational issues resolved, the team is focused on taking advantage of strong convention bookings trends, seeking to drive margin expansion by increasing occupancy and room rates. Finally, as the leading country music entertainment brand, the potential monetization and spin-off of the Entertainment assets, including the Grand Ole Opry, also remains a significant catalyst for RHP shares.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Rollins Inc.

    Rollins Inc. (NYSE:ROL)(1.0%) (ROL – $29.27 – NYSE) provides pest control services to nearly two million residential and commercial customers throughout North America primarily under the Orkin and Western Pest brand names. Its services are critical to homeowners and commercial establishments alike, in both expansionary and recessionary times. The company has benefited from growth in the commercial service area and mosquito and bed bug treatments. At the same time, the company has controlled costs through more efficient scheduling and routing. Rollins has been taking advantage of its strong balance sheet to make tuck-in acquisitions. It has also begun franchising more operations outside the U.S. Founded in 1901, Rollins is majority owned by members of the Rollins family.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on McKesson Corp

    McKesson Corp. (NYSE:MCK) (0.1%) (MCK – $186.65 – NYSE) is one of the three largest drug wholesalers in the world and has been expanding aggressively outside the U.S. through the acquisition of Celesio and several other European companies. McKesson recently announced an innovative divestiture of its information technology businesses; it will merge it with privately owned Change Healthcare and the combined company will go public next year. In its core wholesaling business, the company has stabilized its performance after several contract losses, recently signing a large new contract with Walmart. McKesson retains a balanced capital return policy that invests first in its core business but then returns a significant amount of cash to shareholders via dividends and share repurchases, which has helped the company post superior long term growth and returns.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Madison Square Garden Co.

    Madison Square Garden Co. (NYSE:MSG)(0.9%) (MSG – $$172.51 – NYSE) is an integrated sports and entertainment company that owns the New York Knicks, the New York Rangers, the Radio City Christmas Spectacular, The Forum, and that iconic New York venue, Madison Square Garden. These evergreen content and venue assets benefit from sustainable barriers to entry and long term secular growth. MSG completed the separation of its associated regional sports networks in September 2015, leaving a reliable cash flow stream for MSG to reinvest and repurchase shares.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Flowserve Corp

    Flowserve Corp. (NYSE:FLS)(1.0%) (FLS – $45.17 – NYSE) is one of the largest global pump companies, serving the petroleum, chemical, and power industries. The company’s products include engineered and industrial pumps, automated and control valves, actuators, and seals. About 40% of FLS revenues are derived from the oil and gas industry, and should benefit from the refurbishment of the aging refineries in developed countries and the first time build out of the infrastructure in developing nations around the world. Further, oil companies are bringing up dirtier, heavier, and harder to access crude from thousands of feet below ground, as the cleaner, lighter, and easier to obtain crude that is closer to the surface is depleted. This demands more highly engineered pumps, valves, and seals that can work under very high pressure, high temperature, or underwater, boding well for FLS products.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Edgewell Personal Care Co.

    Edgewell Personal Care Co. (NYSE:EPC)(1.4%) (EPC – $84.41 – NYSE) based in St. Louis, Missouri, is the personal care division of Energizer Holdings, which split its personal care and household products divisions on July 1, 2015. Edgewell generates approximately $2.3 billion of revenue through its principal businesses: wet shaving, including Schick-branded razors and blades, Edge and Skintimate shaving preparation and private label shaving products; sun care, including the Banana Boat and Hawaiian Tropic brands; feminine care, including Playtex and o.b. tampons and Carefree and Stayfree liners and pads; and infant care, utilizing the Playtex and Diaper Genie brands. As a pure-play personal care company, Edgewell competes in high-margin, attractive categories with leading brands. We expect management to focus on improving margins through product mix, restructuring savings and operating leverage, which should afford it flexibility to reinvest in growth opportunities. The company has approximately $1.2 billion of net debt providing management with sufficient flexibility to invest in internal growth, make acquisitions and/or repurchase shares. EPC is a likely acquisition target as a multinational competitor with a strong international infrastructure would benefit from scale, cost synergies, and the opportunity to accelerate international expansion.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Brown-Forman Corp

    Brown-Forman Corp. (NYSE:BF.A)(2.4%) (BF/A – $108.03 – NYSE; BF/B – $99.76 – NYSE) is a leading global distilled spirits producer. Spirits is an advantaged category that enjoys high margins, low capital requirements, strong free cash flow generation and good pricing power. The company’s global brands include Jack Daniel’s Tennessee whiskey, Finlandia vodka, Woodford Reserve bourbon, and el Jimador and Herradura tequilas. Jack Daniel’s is one of the world’s most valuable spirits brands, enjoying strong growth both in the U.S. and internationally as consumers increasingly choose to drink American whiskies. The company has also successfully expanded the brand into the fast growing flavored whiskey category. While Brown-Forman does face some near term headwinds from negative foreign currency exposure (over half of sales come from outside the U.S.), the company is positioned to grow revenues and profits substantially over the next several years, and has significant balance sheet flexibility. While the company is family controlled, we believe that if it ever became available for sale it would be highly coveted by other large global spirits players.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli Comments on Bank of New York Mellon Corp

    Bank of New York Mellon Corp. (NYSE:BK)(1.0% of net assets as of June 30, 2016) (BK – $38.85 – NYSE) is a global leader in providing financial services to institutions and individuals. The company operates in more than one hundred markets worldwide and strives to be the global provider of choice for investment management and investment services. As of March 31, 2016, the firm had $29.1 trillion in assets under custody and $1.6 trillion in assets under management. Going forward, we expect BK to benefit from rising global incomes and the cross border movement of financial transactions. BK is also well positioned to grow earnings in a rising interest rate environment, given its large customer cash deposits and significant loan book.

    From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2016 commentary.   


  • Mario Gabelli's Gabelli Asset Fund Shareholder Commentary – June 30

    To Our Shareholders,

      


  • Jerome Dodson Comments on Mondelez

    Mondelez (NASDAQ:MDLZ), a leading snack company with iconic brands such as Oreo, Trident and Cadbury, contributed 32 basis points to the Fund’s return, as its stock rose 13.4% from $40.12 to $45.51. The stock spiked at the end of the quarter after the company made a $23 billion bid for Hershey in an effort to create the world’s largest candy maker. Although Hershey swiftly rejected the offer, Mondelez’s stock still rallied, because Mondelez itself is an acquisition target. Many investors believe Mondelez approached Hershey in order to fend off an acquirer. While we don’t know how economy. U.S. investors are worried that slowing European growth will reduce export demand for American companies. Additionally, the decline in value of the British pound and euro make a bad situation worse, because revenue earned in these currencies is now worth less when converted into U.S. dollars. If this story about concerns over a foreign economy sounds familiar, that’s because it is. The S&P 500 has endured two 10% corrections over the past year due to China’s slowing economy and falling currency. China and the European Union together represent one-third of the global economy, so there are good reasons to be concerned.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Applied Materials

    Semiconductor-equipment manufacturer Applied Materials (NASDAQ:AMAT) added 37 basis points to the Fund, as its stock increased 13.2% from $21.18 to $23.97. Building on last quarter’s solid performance, the company continues to execute well, reaching an all-time high in order volume in China. The sustained outperformance and positive financial outlook has provided investors with increased confidence in the long-term trajectory of the business.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Micron Technology

    Our biggest winner was Micron Technology (NASDAQ:MU), which boosted the Fund’s return by 101 basis points, as its stock rose 31.4% from $10.47 to $13.76. Micron makes semiconductor memory chips, and its stock jumped as prices for dynamic random access memory (also known as DRAM) increased in June for the first time in two years. Just last quarter, Micron was our biggest loser, as DRAM prices continued their fall and investors fretted that there was no end in sight. Since production capacity is growing at a slower rate than demand, we were confident DRAM prices would eventually stabilize, but we didn’t know precisely when. While we were early with our initial investment, we added to our position on the weakness, and we’re happy our conviction is beginning to pay off. We expect demand growth to continue as computing becomes even more integral to the global economy, which should push Micron’s earnings, and its stock, higher.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Gilead

    Gilead (NASDAQ:GILD), a biotechnology firm that makes therapies for HIV and hepatitis C, sliced 21 basis points off the Fund’s return, as its stock declined 9.2% from $91.86 to $83.42. The company’s underperformance was driven by weakness in its hepatitis C business, as pricing came under pressure due to increased competition. Given Gilead’s proven track record of innovation and its strong balance sheet, we believe the company has many opportunities, not only to maintain leadership in HIV and hepatitis C, but also to expand its portfolio into new therapeutic areas.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Charles Schwab

    Charles Schwab (NYSE:SCHW), the San Francisco–based bank and brokerage firm, saw its stock drop 9.7% from $28.02 to $25.31, for a loss of 30 basis points. The stock slid because investors pushed back their expectations for a rise in interest rates. At the beginning of the quarter, the market assigned a less than 50% probability that the Fed Funds rate would remain unchanged in the 0.25%-0.50% range by the end of 2016. In late June (on the heels of the Brexit news), this probability shot up to almost 90%. This matters for Schwab, because low rates crimp the company’s ability to profit from its bank assets and money market funds. We’re holding our Schwab position, despite this expected delay in an interest rate hike, because we think the company’s long-term prospects are terrific.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Air Lease

    As its name implies, Air Lease (NYSE:AL) purchases aircraft and leases them to airlines. Its stock fell 16.6% from $32.12 to $26.78, trimming 33 basis points from the Fund’s return. The company reported better-than-expected earnings and held an upbeat investor day where Air Lease highlighted its expectation to double its aircraft fleet over the next five years. Nonetheless, the stock dropped due to concerns that slowing global growth could negatively impact air traffic. Despite this concern, we believe long-term air travel demand will remain robust, and airlines will continue to utilize the financial flexibility offered by leasing.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Allergan

    Allergan (NYSE:AGN), an innovative pharmaceutical company best known for developing Botox, reduced the return by 41 basis points as the stock dropped 13.8% from $268.03 to $231.09. The shares sank after Pfizer terminated its plans to acquire Allergan for $160 billion. Pfizer walked away from the deal because of new rules from the U.S. Treasury that prevent tax-lowering corporate inversions. We used the stock’s weakness to increase our position, since Allergan has an attractive collection of durable brands. We also like the fact that the company is in the process of selling its generic drug unit to Teva for $40 billion, which will enable Allergan to repurchase stock, pay down debt and acquire innovative drug companies.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Motorola Solutions

    Motorola Solutions (NYSE:MSI), a provider of communications services and networks for public safety workers, sliced 46 basis points from the Fund’s return, as its stock fell 12.9% from $75.70 to $65.97. Just last quarter, Motorola was one of our biggest winners, as investors cheered the acquisition of Airwave, Great Britain’s public safety communications network. Those cheers, however, turned to boos when the British voted to leave the EU. Investor sentiment soured even further on the deal, as regulators initiated a review to ensure that it won’t suppress competition. Our positive opinion of Airwave hasn’t changed, as we believe it will be significantly accretive to earnings while strengthening Motorola’s international presence. The deal was cleared by regulators after the quarter ended, and we think Britain may actually need to increase its spending on public safety as it prepares to leave the European Union.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson Comments on Perrigo

    Four companies each contributed 20 basis points or more to the Fund’s return this quarter, but six subtracted 20 basis points or more from the return. Our worst performer was Perrigo (NYSE:PRGO), the leading producer of store-brand generic drugs, as its stock sank 29.1% from $127.93 to $90.67, cutting 69 basis points from the Fund’s return. Shares plummeted in April after longtime CEO Joe Papa resigned to become the CEO at Valeant Pharmaceuticals, and Perrigo lowered its 2016 guidance for the second time this year. The business has underperformed due to declining generic drug prices and weak growth from Omega, Perrigo’s European business. While we think John Hendrickson, Perrigo’s new CEO, is the right person for the job given his strong operational background, we’re continuing to monitor the drug pricing environment.


    From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.   


  • Jerome Dodson's Parnassus Fund 2nd Quarter Commentary

    As of June 30, 2016, the net asset value (“NAV”) of the Parnassus Fund – Investor Shares was $39.80, resulting in a loss of 0.50% for the second quarter. This compares to a gain of 2.45% for the S&P 500 Index (“S&P 500”) and a gain of 1.14% for the Lipper Multi-Cap Core Average, which represents the average return of the multi-cap core funds followed by Lipper (“Lipper average”), so we trailed both benchmarks for the quarter. For the year-to-date, the Fund is down 1.63%, compared to a gain of 3.82% for the S&P 500 and 1.67% for the Lipper average. These returns are disappointing. In our view, however, these losses are temporary, and investors with a long-term approach should not lose capital. We’re picking stocks the same way we always have, so we believe it’s just a matter of time until the market recognizes the value of the stocks in our portfolio. When this happens, we expect our performance to recover.

      


  • Risk Reward With Facebook

    Facebook (NASDAQ:FB) is the largest social network in the world, by far, connecting more than 1.6 billion active users per month. It is also a return on investment goldmine for advertisers wanting to target customers based on a wide variety of data points. It’s the only social network that is actually profitable and has a very strong competitive advantage with its core platform and added apps, like Instagram and WhatsApp.


    The stock is on a tear since bottoming out in 2012. It’s up over 400% in the last 4 years, and all signs point to continued growth. Yet, with a market capitalization of approximately $350 billion, it’s hard to imagine that a 100% gain is possible in the near future, despite the growth in user engagement, which is the main catalyst for their durability. No one is going to be able to build a better social network, but the industry is still fairly new in the mind of the consumer and Facebook has had to change its algorithm to be more user-driven. This has made advertising more of a necessity for businesses and brands to get content shown to its user base.

      


  • McDonald's Stock Is Down After Weak Earnings Report

    McDonald’s (NYSE:MCD) reported its second quarter results on Tuesday, July 26. The fast food company reported revenue that was on target with the street’s expectations, however, earnings  missed estimates. Revenue for the quarter was $6.27 billion, which was down 3.5% from the comparable quarter. Earnings per share for the quarter were $1.25, which missed estimates by $0.13. Earnings per share for the quarter decreased 1% from the comparable quarter. In morning trading following the company’s earnings report, the stock is down 4%.


    In the second quarter, sales from company operated restaurants accounted for 63% of sales, while franchised restaurant revenue accounted for 37% of revenue. Company operated restaurant revenue was down 8%, while franchised restaurant revenue was down 5%.

      


  • Verizon Reports Earnings, Completes Yahoo Deal

    Verizon (NYSE:VZ) reported its second quarter earnings before the bell on Tuesday, July 26. The company’s earnings report missed revenue estimates, however, earnings were higher than expected. For the quarter, revenue was $30.53 billion, missing estimates by $420 million. Revenue for the quarter was down -5.2% from the comparable quarter. Earnings per share for the quarter were $0.94, beating estimates by $0.02. For the quarter, earnings per share were 10% lower than the comparable quarter.


    Verizon’s two main business segments were down in the second quarter. Wireless revenue was down 4% from the comparable quarter. Operating income in wireless increased 4% from the comparable quarter to $8.0 billion. Wireline revenue was down 2% from the comparable quarter. Operating income in wireline was also lower, down $264 million from the comparable quarter.

      


  • 9 Best Stocks for Value Investors This Week

    I evaluated 34 different companies this week to determine whether they are suitable for Defensive Investors, those unwilling to do substantial research, or Enterprising Investors, those who are willing to do such research. We also put each company through the ModernGraham valuation model based on Benjamin Graham's value investing formulas in order to determine an intrinsic value for each. Out of those 34 companies, only nine were found to be undervalued or fairly valued and suitable for either Defensive or Enterprising Investors.


      


  • The Stockdale Paradox

    One of the books that has captured my attention during these past days is "Good to Great: Why Some Companies Make The Leap And Others Don't" by Jim Collins.


    The book is enjoyable and well-written but most importantly has several ideas that have made me re-think certain concepts. While I certainly recommend the entire book, one of the most relevant concepts that I have encountered is what the author calls the Stockdale Paradox. This concept applies not only to companies but also to us as individual investors looking to improve our performances.

      


  • T. Rowe Price Japan Fund’s Top 5 Buys

    T. Rowe Price Japan Fund (Trades, Portfolio) purchased two new holdings and added to three others during the second quarter. Its new purchases were Daio Paper Corp. (TSE:3880) and ASICS Corp. (TSE:7936).


    In Daio Paper, 741,900 shares were purchased for an average price of 1,083.65 yen ($10) per share. The paper manufacturer has a market cap of 172.7 billion yen with an enterprise value of 457.4 billion yen. It has a P/E of 12.6, a P/B of 1.1 and a P/S of 0.36. GuruFocus ranked its financial strength 5 of 10 and its profitability and growth 5 of 10. The transaction had a 2.19% impact on the Fund’s portfolio.

      


  • How the Fed Affects Risk Premia

    “The Fed is manipulating markets.”


    “Central Banks are destroying capitalism.”

      


  • Want to Shop at Macy’s?

    A recent Forbes article titled "Seven Signs Of Life At Macy's" highlighted that the company may be set for a turnaround. Here are the seven signs the article identified:




Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)