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: Burger King Holdings and Gannett Co.
Read more
Archive | August, 2010
Fisher: Second Leg of Bull Coming
August 31, 2010 
0 Comments
Kenneth Fisher says the current correction is “the most textbook perfect” one he’s seen in 12 years, and says the second leg of a bull market is coming. Fisher writes in his latest Forbes column that the last correction that was this textbook was the 1998 correction, which was fueled by the Asian contagion, the […]
Read moreArnott: Investors Looking in Wrong Places for Sovereign Debt
August 31, 2010 0 Comments
In his latest newsletter (click here for a PDF version), Research Affiliates’ Rob Arnott offers some interesting data on sovereign debt — data that indicates many investors are buying up bonds from the wrong countries. While investors have been pouring into U.S. Treasuries, Arnott says the U.S. — and many other developed countries — aren’t […]
Read moreSonders: Double-Dip Still Unlikely
August 30, 2010 0 Comments
Charles Schwab Chief Investment Strategist Liz Ann Sonders continues to sound skeptical that the U.S. is entering the second leg of a “double-dip” recession. “Although rhetoric surrounding a double-dip recession has increased throughout the summer, we remain relatively optimistic that economic growth will remain positive (albeit low) and that from a sentiment and valuation perspective, […]
Read moreHerro Goes Against Crowd, Keys on Europe
August 30, 2010 0 Comments
Top fund manager David Herro, who has beaten the market handily over the long haul by going against the crowd, is now keying on a couple very unloved areas of the world: Europe and Japan. While many investors are focused on hot-growth emerging market areas, Herro’s exposure to emerging markets is just 7%, SmartMoney reports. […]
Read moreBerkowitz on Why He Still Likes Financials
August 30, 2010 1 Comment
Morningstar domestic stock fund manager of the year Bruce Berkowitz is standing by his big bet on beaten-down financials, and recently explained why on Consuelo Mack’s WealthTrack. Berkowitz says that, having been incredibly scrutinized in recent years, financials now have strong balance sheets and excellent earnings power — and are trading at extremely cheap valuations. […]
Read moreTop BlackRock Manager Eyes Blue Chips
August 27, 2010 0 Comments
Dennis Stattman, whose BlackRock Global Allocation Fund has an excellent long-term track record, says big blue chips are offering lots of value. Stattman tells Bloomberg that blue chip companies like Johnson & Johnson and Microsoft have global franchises, strong cash flows, and solid dividend yields these days. “We can’t find a stock among the 20 […]
Read moreGross on What the Government Should Do
August 27, 2010 0 Comments
PIMCO founder Bill Gross thinks the government needs to get more involved in the housing market to help spur the economy, and he also thinks the U.S. needs to direct its stimulus funding differently. Gross discusses those issues and also gives his bond and stock market outlook on CNBC, saying that he’s currently high on […]
Read more“Canadian Buffett” Betting on Deflation
August 27, 2010 2 Comments
Prem Watsa, known as the “Canadian Warren Buffett”, appears to be making a big bet that the U.S. will be hit by an extended period of deflation. According to The Wall Street Journal, Watsa’s firm, Fairfax Financial Holdings, “has spent nearly $200 million to buy derivative contracts wagering on a decline in the consumer-price index, […]
Read moreShiller: July Home Sales Drop an Anomaly
August 25, 2010 1 Comment
Yale economist Robert Shiller says the poor home sale figures in July came in an “anomalous” month. Shiller tells Bloomberg that the scheduled expiration of the government’s homebuyer tax credit program led many buyers to rush to get their purchases made by the June 30 deadline, meaning that a July dropoff shouldn’t be a big […]
Read more
