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Blockchain has emerged as one of the most disruptive forces in the technology sector. However, while several people still prefer to invest via the cryptocurrency market. It is not easy. Some cryptocurrency platforms like NewsCrypto have been created with the aim of making crypto trading easier. But still, traditional investors remain inclined to stocks instead.
Graphics processing unit manufacturer Nvidia Corp. (NVDA) has been the preference for those looking to invest in the massive adoption of blockchain technology. The company's stock has surged nearly 700% over the last three years amid an increase in demand for
In all this tech euphoria and Covid-19 quarantining, investors are missing a key fact: people need people. In the song, "People," writer Bob Merrill and composer Jule Styne wrote and composed it best:
People who need people,
Are the luckiest people in the world
We're children, needing other children
And yet letting a grown-up pride
Hide all the need inside
Acting more like children than children
Barbra Streisand sang it best; academic studies prove that people who get normal human interaction have much better mental health. Despite this fact, investors have been scrambling to capitalize
Johnson & Johnson
The firm closed its position Johnson & Johnson (JNJ). The trade had an impact of -3.86% on the portfolio.
The healthcare firm has a market cap of $385 billion and an enterprise value of $392 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 27.72% and return on assets of 10.65% are underperforming 86%
Costco Wholesale Corp. (COST) is a great company and a great investment.
It's a great company because it ranks highly on several high-profile company lists, like the American Customer Satisfaction list. Costco occupied the number one position back in 2018 in online customer satisfaction, ahead of Amazon (AMZN).
That's why Costco has a strong following among consumers, who pay membership fees for the privilege to shop at its stores.
Meanwhile, Indeed.com places Costco on the top of the list of best places to work, making it easy for the wholesale retailer to attract a qualified labor force.
Companies that keep
Stanley Druckenmiller (Trades, Portfolio), CEO and Chairman of Duquesne Capital, has revealed his portfolio for the third quarter. Major changes include cutting the holdings in JPMorgan Chase & Co. (JPM), PayPal Holdings Inc. (PYPL) and Workday Inc. (WDAY) significantly.
Druckenmiller worked for George Soros (Trades, Portfolio) from 1988 to 2000 as the lead portfolio manager for the Quantum Fund. He founded Duquesne Capital in 1981 and it operated as a hedge fund until 2010, but now operates as a family office. Druckenmiller takes a macroeconomic approach to investing.
Andreas Halvorsen (Trades, Portfolio), a founding partner of Viking Global, disclosed this week that his firm's top sells during the third quarter were in Amazon.com Inc. (AMZN), Comcast Corp. (CMCSA), Uber Technologies Inc. (UBER) and JD.com Inc. (JD). The firm also disclosed a reduction of its Adaptive Biotechnologies Corp. (ADPT) holding.
Prior to finding the Greenwich, Connecticut-based firm, Halvorsen worked as senior managing director and director of equities at Julian Robertson (Trades, Portfolio)'s Tiger Management. Viking mentions on its website that it employs a research-intensive, long-term investment approach and selects stocks across industries and
The firm reduced its stake in Sarepta Therapeutics Inc. (SRPT) by 57.01%. The trade had an impact of -0.96% on the portfolio.
The biotechnology company has a market cap of $10.61 billion and an enterprise value of $9.56 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. While th return on equity of -61.36% is underperforming the sector, return on
Target Corp. (TGT) is a big winner of the new, online-focused retail landscape, as evidenced by a streak of strong earnings and revenue reports.
On Wednesday, Target reported fiscal third-quarter earnings and revenue that crushed Wall Street's expectations, confirming that the retailer can thrive in good and bad times.
Target's success can be attributed to a "digital-first" approach to retailing, according to Drew Kraemer, CEO of Code3, a performance marketing agency:
"Target continues to be a key player in retail that's shaping the future of the customer experience... Since the onset of the pandemic, businesses have faced several challenges,
The stock market's recent gains have been largely driven by the increasing popularity of large-cap technology companies. They include businesses such as Apple (AAPL), Facebook (FB) and Amazon (AMZN) that have recorded stock price growth of 33%+ since the start of the year.
Some investors may be contemplating purchasing these companies, as well as others, because they are popular among their peers. However, I think this is a dangerous strategy. It may mean you overlook possible flaws and underestimate potential threats to their share prices.
A better idea may be to follow Benjamin Graham's views on the subject and take
Over the last several years, the question of breaking up large tech monopolies has been raised a number of times. Politicians from both sides of the aisle have expressed their concerns regarding this matter - Democratic Senator Elizabeth Warren and Republican Senator Ted Cruz have both accused companies like Facebook Inc. (FB) and Google parent Alphabet Inc. (GOOG) of behaving in anticompetitive ways.
But if these businesses are really anticompetitive monopolies, why is nothing being done about it? After all, U.S. antitrust laws have been on the books for more than a century at this point. Shareholders
Walmart Inc. (WMT) has been catching up with Amazon.com Inc. (AMZN), as evidenced by a string of quarterly reports, including one this week, that confirm strong online sales growth.
On Tuesday, the retail giant reported a 79% increase in e-commerce sales for its own name stores and a 49% gain in online sales for Sam's Club stores. Earnings climbed 17% to $1.34 a share, with revenue rising 5.2% and U.S. comps climbing 6.4%.
That's a big change from a decade ago, when Walmart's earnings and revenue growth stalled while Amazon lured shoppers to its site.
But the retail giant fought
On Tuesday, Walmart (WMT) reported financial results for its first quarter of fiscal 2021. Revenues in the period increased 5% year-over-year to $134.7 billion, with constant currency revenues climbing 6%. The results were led by another solid quarter in the company's largest market, the United States, with comparable store sales (comps) up 6.4%, inclusive of a 79% increase in e-commerce.
As shown below, the company's two-year stacked comps in the quarter were up 10%, well above the low-to-mid-single digit two-year stacked comps that have been reported in the U.S. over the past five years.
David Tepper (Trades, Portfolio), founder of Appaloosa Management, disclosed this week that his firm's top trades during the third quarter featured a massive expansion of its holding in PG&E Corp. (PCG) and sells in several retail and technology giants, including Alibaba Group Holding Ltd. (BABA), Amazon.com Inc. (AMZN), Alphabet Inc. (GOOG)(GOOGL) and Facebook Inc. (FB).
A distressed-debt specialist, Tepper's interest in the stock market was kindled by watching his father trade stocks. The Appaloosa leader has earned an international reputation for producing some of the highest returns among fund managers on Wall Street.
According to the GuruFocus scoreboard, Frank Sands (Trades, Portfolio) of Sands Capital Management ranks second among the gurus followed in terms of capital gains achieved over the past 10 years. He follows only David Tepper (Trades, Portfolio) of Appaloosa Management.
Sands' firm has averaged capital gains of 16.50% per year over the decade that began mid-November 2010. That takes in many different market and economic conditions.
In part, that performance may reflect the fact that his portfolio includes four of the FAANG stocks in its top
Walmart Inc. (WMT) has agreed to sell its 85% stake in Seiyu, a Japanese supermarket chain, to U.S. investment firm KKR & Co. Inc. (KKR) and Japanese e-commerce company Rakuten (TSE:4755). The U.S. retailer would retain a 15% stake in Seiyu. The deal is valued at approximately $1.6 billion and the transaction is expected to close in the first quarter of 2021, subject to regulatory approval.
The combined retail expertise and innovation of KKR, Rakuten and Walmart will help Seiyu's digital transformation.
Walmart has struggled to find its footing in a highly competitive Japanese retail sector. Foreign players,
- Tandy Leather is an absolute, historical and relatively cheap valuation anomaly. The only national brand in a highly fragmented industry.
- Two decades of reporting consistent profits, high double-digit return on invested capital and a compounding book value. The progress was stalled by accounting irregularities from inventory valuation and the Covid-19 pandemic.
- Amazon-resistant as the customers want to touch, smell and feel the product.
- Ownership of unencumbered real estate with a tax assessment value of around $8 million.
- Retained earnings per share increased 80.10% over the prior five years from December 2013 ($4.06) to the most recent quarter ($7.32).
George Soros (Trades, Portfolio) is known for his uncanny ability to identify market trends earlier than many of his rivals. Over the course of his investment career, the guru has made many bold moves, such as shorting currencies, when the world was against him. In the majority of such instances, Soros came out on top and proved time and again that he has what it takes to beat the market.
The U.S. economy is setting up for a strong comeback on the back of positive news coming from the health care sector regarding a
Cisco Systems (CSCO) released its earnings for its first quarter of fiscal 2021 on Nov. 12 after the market closed. Earnings and revenue beat estimates thanks to strong security and services revenue.
The key numbers
The U.S. multinational technology conglomerate posted adjusted earnings per share of 76 cents, down from 84 cents reported the year before. Wall Street had predicted EPS of 70 cents.
Revenue of $11.93 billion was down 9% on a year-over-year basis but beat analyst expectations of $11.85 billion.
CEO and Chairman Chuck Robbins said:
"Cisco is off to a solid start in fiscal 2021 and
Davis Selected Advisors recently disclosed its portfolio updates for the third quarter of 2020, which ended on Sept. 30.
Founded in 1969, Davis Selected Advisors is an employee-owned investment management firm based in Tuscon, Arizona. The current chairman, Chris Davis (Trades, Portfolio), joined the firm in 1989 and serves as the portfolio manager for the Large Cap Value Portfolios and as a research team member for other portfolios. The firm's investment strategy aims to purchase durable, well-managed businesses at value prices.
During the third quarter, the firm's biggest sells were in Amazon.com Inc. (AMZN) and Carrier Global
Tech giants Sony Corp. (SNE) and Microsoft Corp. (MSFT) have released their competing, next generation consoles into a market where demand far exceeds supply.
With the pandemic limiting the production of movies and television, notably televised professional sports, consumers were forced to shift their focus to other forms of entertainment. The global gaming industry in particular has seen a massive surge during the pandemic as companies have struggled to keep up with new demand.
Earlier this year, as pandemic lockdowns reached full effect, Nintendo Co. Ltd. (TSE:7974)(NTDOF) was the first company to be targeted by consumers. Within weeks of the