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Holly LaFon
Holly LaFon
Articles (8703)  | Author's Website |

Conference Stocks Return 8.5% - More Than Twice S&P 500

Another reason to attend next year's conference

September 26, 2016 | About:

It should come as no surprise that the best ideas from a group of renowned professional investors would take off. Checking in on the stocks recommended at last year’s value conference proves they not only gained on average, but substantially outperformed the S&P 500 index.

Though researching anyone’s selections independently before investing is recommended, if investors had purchased every stock presented at the 2016 conference, they would already have made an 8.5% gain since April 29 – when most funds are struggling for returns. These stocks also returned more than double the 3.3% rise of the index over the same time.

As seen in the conference ideas portfolio, WPX Energy Inc. (NYSE:WPX) has had the best performance, rising 25.58%. The independent oil and gas exploration and production company focused primarily on the Delaware Basin, “one of Wall Street’s top turnaround stories, recently completed a $5.5 billion transformation. It is adding more rigs and property, and projects that it will produce 100,000 barrels of oil per day by 2020, from less than 50,000 in mid-2016.

HP Inc. (NYSE:HPQ), the tech company focused on personal computers, printers and mobile devices, followed close behind with a 23.32% rise. The company was formerly Hewlett Packard until it spun off part of the business to form Hewlett Packard Enterprise in November 2015. Since then, it has unveiled a string of new products and innovations, and had a low valuation, with a P/E of 7.27 near the end of September. HP Inc. impressed Wall Street in the third quarter, beating its own projections for EPS and returning more than $250 million to shareholders in share repurchases and dividends.

In third place, Apple Inc. (NASDAQ:AAPL) has jumped 20.78% since David Rolfe (Trades, Portfolio) of Wedgewood Partners dispelled uncertainty surrounding the company’s stock with a clear explanation of its value. The $598.1 billion tech company released its latest iteration of its most famous product, the iPhone 7, in September, maintains its $61.76 billion cash stockpile and has a number of rumored projects in the works.

Four speakers’ recommendations have declined since the conference. As long-term value investors, a dip in one of their recommendations means the market has yet to recognize its value, and it is selling for an even steeper discount. Of the four, Visteon Corp. (NASDAQ:VC) has fallen 10.62% and Kirby Corp. (NYSE:KEX) lost 7.32%. The two others have fallen less than a percent: Deere (NYSE:DE) is down 0.29%, and Berkshire Hathaway (NYSE:BRK.B) slid 0.98%.

Discussions of more stocks from the world’s premiere investors will take place at the 2017 Value Conference. Tickets for individuals or groups are available for purchase here.

About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website

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