RH $ 360.62 7.02 (1.99%)
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US Markets
U.S. stocks were in the red on Thursday on news that initial jobless claims were unchanged at a seasonally adjusted 884,000 in the week of Aug. 30 to Sept. 5. The Dow fell 0.19% to 27,888, the S&P 500 index dipped 0.09% to 3,395 and the Nasdaq Composite Index was up 0.13% to 11,156.
Gainers
• Tyson Foods Inc (TSN) +5%
• Las Vegas Sands Corp (LVS) +3.2%
• Amcor PLC (AMCR) +2.6%
• Carnival Corp (CCL) +2.5%
• Universal Health Services Inc (UHS) +1.9%
• Chipotle Mexican Grill Inc (CMG) +1.8%
Losers
• Occidental Petroleum Corp
It’s been a crazy few weeks for U.S. equity markets as the novel coronavirus (Covid-19) and other factors such as the oil price war weigh on markets. The Dow dropped over 3,000 points on March 16, marking its worst decline since 1987. Since the S&P 500 peaked on Feb. 19, U.S. markets have entered a decline into bear territory, with the benchmark dropping 29.53% to trade around 2,408.40 at market close on March 16.
Not even Warren Buffett (Trades, Portfolio), one of the most famous investors of all time, has been
Warren Buffett (Trades, Portfolio)’s investment company Berkshire Hathaway buys The Kroger Co, Occidental Petroleum Corp, Biogen Inc, Suncor Energy Inc, General Motors Co, RH, SPDR S&P 500, Vanguard S&P 500, sells Wells Fargo & Co, Goldman Sachs Group Inc, The Travelers Companies Inc, Apple Inc, Phillips 66, American Airlines Group Inc, Bank of New York Mellon Corp during the 3-months ended 2019Q4, according to the most recent filings of his investment company, Berkshire Hathaway. As of 2019Q4, Berkshire Hathaway owns 52 stocks with a total value of $242.1 billion. These are the details of the buys and
GuruFocus runs a contest every quarter in which people guess the stocks they think [url=https://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett]Warren Buffett[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Warren+Buffett]Portfolio[/url]) might have bought.
The fourth-quarter contest begins today. To participate, pick THREE stocks you think he purchased in the three months from Oct. 1 to Dec. 31, 2019 and post them into the “comments” section below this article.
Yes, the contest does include stocks his two portfolio managers, Ted Weschler and Todd Combs, may also have purchased. It also excludes the share repurchases of Berkshire Hathaway (BRK.A)(BRK.B).
Those who guess correctly will win a signed copy of GuruFocus founder Charlie Tian’s
The best thing about following legendary investors is they unlock great investment opportunities well before the rest of us. This is one of the reasons why gurus continue to outperform the general investing public consistently. As Peter Lynch says in his book "One Up on Wall Street," analysts are often late to the party. The latest activity summary for Warren Buffett (Trades, Portfolio) on GuruFocus reveals a new name; RH (RH).
RH, which was formerly incorporated as Restoration Hardware, has been a stellar transformation story and its shares have delivered
Five Below
Shares of Five Below Inc. (FIVE) soared 5.62% to a price of $124.69 per unit in after-hours trading on Wednesday after surpassing consensus estimates on earnings and net sales for the third quarter of fiscal 2019.
The Philadelphia-based discount store chain company posted GAAP earnings per share of 18 cents which, though 25% lower year over year, exceeded estimates by 1 cent.
In contrast to the earnings decline, third-quarter net sales grew 20.7% year over year to $377.44 million.
In a statement, President and CEO Joel Anderson commented on the results:
“We are very pleased with our
Shares of RH (RH) jumped last week after Warren Buffett (Trades, Portfolio)'s conglomerate, Berkshire Hathaway (BRK.A) (BRK.B), revealed it had initiated a position in the furniture retailer.
According to Berkshire's 13F filing, the firm acquired 1.2 million shares of the company in the three months to the end of September, spending roughly $200 million to build the position.
It has a 0.1% portfolio weight, a relatively minuscule position in comparison to the group's $215 billion overall equity portfolio.
A big deal
While this holding might be a small position for Berkshire, it's a big deal for
Warren Buffett (Trades, Portfolio)’s $486 billion conglomerate, Berkshire Hathaway Inc. (BRK.A)(BRK.B), disclosed its equity portfolio for the third quarter on Thursday, listing new positions in Occidental Petroleum Corp. (OXY), which had been previously announced, and furniture retailer RH (RH).
Despite having a record $128 billion to spend on stocks, neither the renowned value guru nor either of his portfolio managers, Ted Weschler and Todd Combs, added to any of the company’s other positions during the quarter.
The long-term investors did, however, reduce Berkshire’s holdings of Wells Fargo & Co. (WFC), Apple Inc. (AAPL), Phillips 66 (PSX) and
Shares of GameStop Corp. (GME) fell more than 10% on Wednesday after the company posted second-quarter results on Tuesday. Revenue declined 14% from the prior-year quarter to $1.29 billion, falling $50 million short of estimates. The company posted a loss of 32 cents per share, falling 10 cents short of estimates.
During the quarter, new hardware sales tumbled 41.1%, new software sales fell 5.3%, accessories sales decreased 9.5%, pre-owned sales declined 17.5%, digital receipts decreased 11.2% and collectibles sales grew 21.2%.
Further, the gross profit declined 15.1% to $399.1 million, while the gross margin fell 30 basis points to 31%.
Bill Miller of Miller Value Partners (Trades, Portfolio) just released his first-quarter 2019 commentary. I read Miller every quarter because I read most "value"-oriented investors' commentaries if the investors tend to be focused on fundamentals and have a pessimistic outlook.
It is both Miller's biggest fault and greatest strength that he tends to be positioned according to a bullish outlook. Below are a few of the most interesting paragraphs from his commentary. Of course, I don't pretend to know more than the highly accomplished Miller, but I enjoy his letter because it draws me out of
Citron Research is one of the most well-known short-sellers today. With deep-dive calls on controversial stocks like Tesla (TSLA), Aphria (APHA) and LYFT (LYFT), Citron has amassed an impressive reputation for quality research.
While most investors focus on Citron’s short recommendations, the organization also has a variety of long positions with compelling stories. One of its most recent buy recommendations is $2.4 billion retailer RH (RH).
With shares trading at just $111 a piece, Citron sees more than 100% upside, setting its price target at $250 per share.
What does Citron like so much about a brick-and-mortar retailer? Is its
U.S. stocks were in positive territory on Friday on the back of advances in the U.S.-China trade talks. The Dow Jones Industrial Average gained 0.74% to 25,907, the S&P 500 index rose 0.64% to 2,833 and the Nasdaq Composite Index advanced 0.77% to 7,728.
Shares of RH (RH) fell more than 20% on Friday after the company announced fourth-quarter and full-year 2018 results. Revenue grew 0.1% from the prior-year quarter to $670.89 million, falling $15.55 million short of expectations. Earnings of $3 per share beat estimates by 14 cents. Same-store sales grew 5%.
Looking ahead to fiscal 2019, the company
In the $116 billion home furnishings industry, there are very few luxury brands that people know regardless of where you live. Williams Sonoma (WSM) is one, RH (RH) is the other.
When price is not a consideration, the company, which was formerly known as Restoration Hardware, is a clear choice. Having visited many across the country, its showrooms are truly magnificent. The business model will survive the digital transformation because, despite cool augmented reality features available online, furniture still needs to be touched and tested before being purchased.
The recent assessment by Citron Research, the firm of a RH
Following a tumultuous December, which was the worst since 1928, investor Bill Miller told “Squawk on the Street” on Thursday the condition of the market is one “that can be exploited.”
“I think you can monetize the volatility in the market, which is what we try and do,” he said.
The founder, chairman and chief investment officer of Miller Value Partners went on to say there have been 23 corrections of at least 5% in the last 10 years.
“And corrections go deep enough to scare everybody out and also then the market -- I guess market structure has been
U.S. stocks were in negative territory on Tuesday, with the Dow Jones falling almost 400 points. The Dow Jones Industrial Average fell 1.53% to 25,414, the S&P 500 index fell 1.66% to 2,744, and the Nasdaq Composite Index retreated 1.82% to 7,306.
Shares of RH (RH) gained almost 12% on Tuesday, after the company posted third-quarter earnings of $1.73 per share, on revenue of $636.56 million, reflecting 7.4% year-over-year growth. The company beat earnings estimates by 46 cents and on revenue expectations by $4.57 million.
The comparable brand and net revenues declined 1 point due to slower special order receipts
On Nov. 19, Bill Miller of Miller Value Partners published notes on his third-quarter 2018 investor call.
The last time I updated you on Miller, he saw a bull market without end. While he hasn’t switched gears much, he is faced with the reality of current markets wildly gyrating. There are four main subjects: market observations, the government deficit, tariffs and interest rates in relationship to market price-earnings ratios. I’ll dive into and discuss the most important points. To see his full discussion, visit the Miller Value site.
Market observations
Bill Miller of Miller Value Partners just published his third-quarter letter. As per usual, it is original thinking.
As stock markets are displaying a bout of volatility we haven't seen in a while, talking heads are debating whether to stand on the sidelines or get out. But not Miller. He sees a bull market and doesn't see it ending. He starts by describing the current choppy environment:
"...Fed Chairman Powell said we are 'a long way' from a neutral federal funds rate — an economy growing at 4%, wage inflation beginning to pick up, and the unemployment rate
According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Energy Transfer Partners CEO bought 2,000,000 shares
Energy Transfer Partners LP (ETP) CEO Kelcy L. Warren bought 2,000,000 shares on Sept. 10 at a price of $22.42. The price of the stock has decreased by 0.67% since.
Energy Transfer Partners LP is engaged in crude oil operations, consisting of an integrated set of pipeline, terminalling, and acquisition and marketing of crude oil from producers to end-user markets. The company has a market cap of $25.98 billion. Its shares traded at $22.27 with a price-earnings ratio
The Dow Jones Industrial Average closed at 25,320.73 on Tuesday with a loss of -1.58 points or -0.01%. The S&P 500 closed at 2,786.85 for a gain of 4.85 points or 0.17%. The Nasdaq Composite closed at 7,703.79 for a gain of 43.87 points or 0.57%. The VIX Volatility Index was lower at 12.30 for a loss of -0.05 points or -0.40%.
Tuesday’s market movers
A positive agreement between President Trump and North Korea’s Kim Jong Un helped U.S. market indexes to gain on Tuesday. The Wall Street Journal also reported that the Federal Reserve may move toward holding a
Lands' End Inc. (LE) advanced on the heels of the company reporting its financial results for the first quarter. The company posted a loss of 8 cents per share, which was 9 cents higher than expected. Revenue of $299.83 million grew 11.7% from a year ago, beating estimates by $14.83 million.
The gross margin was 44.4%, as compared to 45.7% in the first quarter of last year. Adjusted earnings before interest, taxes, depreciation and amortization was $9 million, compared to $1.3 million in the same quarter of fiscal 2017.
“We are pleased to
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