Steven Romick, whose FPA Crescent Fund has beaten 99% of its peers over the past decade, is high on larger stocks that can take advantage of fast-growing foreign markets. “The opportunity set has changed,” Romick tells Bloomberg, which adds that Romick says big companies are both cheaper and better positioned to tap into faster-growing non-U.S. [...]
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Archive | July, 2010
Reese on How to Find “Enduring Moats” Like Buffett
July 30, 2010
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In his latest article for Canada’s Globe & Mail, Validea Co-Founder and CEO John Reese talks about how some of the world’s most successful investors have targeted firms that have what Warren Buffett calls “enduring moats” – competitive advantages that can make for big-time stock gains. “What is an enduring moat?” Reese writes. “It can [...]
Read moreYacktman on Microsoft, Oil, and … Jersey Shore?
July 30, 2010
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Top fund manager Donald Yacktman is high on some big-name stocks, including Viacom, ConocoPhillips, and Microsoft. Here he tells Bloomberg what he likes about some of his holdings, and what he thinks about oil prices.
Read moreGuru Strategy Rating Changes: GE, XOM on Move
July 28, 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. Among the big-name movers: GE and Exxon Mobil.
Read moreHussman: Market Still Overvalued
July 28, 2010
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John Hussman says technicals and fundamentals are battling it out in the market. And, while the former may take stocks higher in the short term, the latter will win out over the long haul, he says. “We continue to observe a clear deterioration in leading indicators of economic activity,” Hussman writes in his latest market [...]
Read moreShiller Expecting Double-Dip Recession
July 27, 2010
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Yale economist and home price index co-creator Robert Shiller says he’s not sure where housing prices are headed, but he is worried about the broader economy. “I’m worried about a double-dip recession,” Shiller tells Reuters Insider, pointing to lingering problems with the economy, such as high long-term unemployment. “Something is not normal in this economy [...]
Read moreTop Mid-Cap Manager Talks Strategy
July 26, 2010
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Michael Lippert, whose Baron Opportunity Retail fund is in the top 12% of mid-cap growth funds over the past year, and the top 4% over the past five years, says he’s putting new money to work in the current market. Lippert talks to CNBC about his fund’s long-term approach, which keys on innovative companies that [...]
Read moreSonders on Stocks, Gold, and The Machines
July 26, 2010
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Charles Schwab Chief Investment Strategist Liz Ann Sonders says the current market environment “smacks of a buying opportunity,” and says she’s highest on healthcare and technology stocks. “I’m not a market timer, so I’m not telling clients to back up the truck and load up,” Sonders tells Kiplinger magazine. “But to me, this smacks of [...]
Read moreStocks Cheaper vs. Bonds than at Bear Market Lows, Top Managers Say
July 26, 2010
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O. Mason Hawkins and G. Staley Cates, whose three Longleaf Partners’ funds have handily beaten the market over the past year and the long term, say stocks present a “superior” opportunity at current levels. “Equities offer a superior opportunity for investors today, particularly compared to fixed income,” Hawkins and Cates write in their latest quarterly [...]
Read moreBiggs Thinking Big — and High-Quality
July 26, 2010
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Hedge fund guru Barton Biggs says there’s “no question” that the cheapest liquid investment asset in the world is “big, high-quality U.S. stocks.” Biggs also tells Bloomberg that he is bullish overall and is 75% net long on equities.
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