In a wide-ranging interview with CNBC, Warren Buffett says he thinks there is support for the huge gain in stocks we’ve seen over the past 10 months, and stresses that investors shouldn’t try to time the market. “There has been a lot of things that have been cleaned up in the economy in the last [...]
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Archive | January, 2010
Gabelli likes Natural Gas, Auto Parts
January 22, 2010
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Gamco’s Mario Gabelli says he’s looking at natural gas firms and auto parts companies as we head into 2010. Gabelli tells CNBC that the U.S. is “tired of depending on the Middle East” for energy needs, and that companies like National Fuel & Gas can benefit from that sentiment. He also expects the auto industry [...]
Read moreHulbert on Why You Shouldn’t Fear the Presidential Cycle
January 22, 2010
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Conventional wisdom holds that the second year of a U.S. president’s term in office — which, for President Obama, began this week — tends to be a bad one for stocks. But in his latest MarketWatch column, Mark Hulbert says that’s a misconception, and that the “presidential cycle” likely won’t have much effect on the [...]
Read moreTilson Down on Housing, Bullish on Berkshire
January 21, 2010
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Whitney Tilson of T2 Partners says that Berkshire Hathaway is a buy, and says he thinks the housing market is headed for trouble. Tilson, one of the few to call the housing bust ahead of time, says he doesn’t think the housing market will see a “calamity”, but he does think millions more foreclosures are [...]
Read moreHerro Still High on Some Financials
January 20, 2010
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David Herro, who was recently named one of Morningstar’s fund managers of the decade, likes several financial stocks right now. Herro tells Bloomberg that he’s particularly high on asset management businesses, which he says get hit hard in downturns but over the long run are good businesses. Herro also says Japanese markets are starting to [...]
Read moreGuru Strategy Rating Changes: Volkswagen Rising, Unilever Falling
January 20, 2010
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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.
Read moreForester on Tech Stocks, Financials
January 19, 2010
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Tom Forester of the Forester Value fund says he’s still finding value in the market after the big run-up, and one area he’s focused on is technology. In an interview with CNBC, Forester says he likes value tech stocks, citing Microsoft and HP as companies that look attractive. “We think in almost any kind of [...]
Read moreLeuthold on Stocks, Gold, and the Demise of the Euro
January 19, 2010
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We recently highlighted Steven Leuthold’s 2010 outlook, noting that the longtime bear who turned bullish last year is optimistic on the first half of the new year, but pessimistic on the second half. In a recent speech highlighted by Advisor Perspectives, Leuthold expanded on that outlook and offered his thoughts on the current market. He [...]
Read moreBarron’s Roundtable: Gabelli, Zulauf Weigh In
January 18, 2010
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Barron’s has tapped a number of top strategists for its annual start-of-the-year “Roundtable” feature, with gurus such as Bill Gross, Mario Gabelli, and Abby Joseph Cohen offering their takes on where the market and economy are headed in 2010. And, overall, the outlook is positive. “Our crowd thinks the market could gain another 5% to [...]
Read moreWhat Works in Year Two of a Bull?
January 15, 2010
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James O’Shaughnessy’s What Works on Wall Street details one of the most extensive studies of stock returns and stock-picking strategies ever performed. Now, as we approach the second year of what appears to be a bonafide bull market, O’Shaughnessy’s firm has new data on what works during different stages of bull markets. In a piece [...]
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