ValueWalk covered the Q1 13F filers from the top hedge funds and there were a few frequently picked stocks that stood out, and some sells that were ubiquitous in many filers. Before we get into our takeaways, lets take a look at what FactSet is saying. FactSet, which analyzes the quarterly holdings of the 50 largest hedge funds, noted that The Boeing Company (NYSE:BA) has suddenly become very popular, as the stock took $1.6 billion in...
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Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) released its earnings report for the first three months of 2013 this afternoon, Friday May 3, after the market closed. The company recorded net earnings of $5 billion for the first quarter, on revenue totaling $43.87 billion. On today’s market, the company’s shares traded up, finishing at $108.64 on today’s close. In the run up to this earnings announcement, analysts were looking for earnings of $1.25 per share from the...
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Ken Heebner, co-founder of Capital Growth Management and portfolio manager of CGM Focus Fund, thinks bonds are especially dangerous right now, but he’s bullish on the housing market and on the largest U.S. banks. He’s scheduled to appear on “Consuelo Mack WealthTrack” on public television tomorrow to discuss his views in these areas, but we got a sneak preview of his interview today. He explained why he made such a huge short bet on...
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Jim Chanos sat down for an interview with Yahoo Finance today. Jim Chanos notes that most of his assets are not reported on the hedge fund’s 13F; he thinks its misleading for investors to read too much into 13Fs especially for hedge funds with lots of short positions. Chanos states that he dissuades retail investors from shorting stocks, partially because of tax inefficiencies. Additionally, retail investors do not get paid interest like Chanos does when he shorts...
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The stock price of Nuance Communications Inc. (NASDAQ:NUAN) is up by 6 percent today after activist investor, Carl Icahn revealed a 9.3 percent passive stake in the company. Nuance Communications Inc. (NASDAQ:NUAN) develops speech-recognition and digital imaging software. The company’s speech recognition technology is used by Apple Inc. (NASDAQ:AAPL)’s in the iPhone devices for the Siri voice feature. Tom Roderick, analyst at Stifel Nicolaus & Co believed that Carl Icahn might push to split...
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Apple Inc. (NASDAQ:AAPL)’s $137 billion cash stash is the topic of a webcast being hosted by David Einhorn’s Greenlight Capital hedge fund. David Einhorn believes the tech giant should issue perpetual preferred stock to investors in order to return some of that cash to investors. He even filed a lawsuit against Apple Inc. (NASDAQ:AAPL) over the issue. His lawsuit takes issue with Proposal #2, which is one of the proposals up for a vote at...
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We have been waiting for Greece to disclose short positions in equities for a while now. The Greek regulatory authority, Hellenic Republic Capital Market Commission, had banned short selling starting October 31st of last year. Although the ban has been lifted now, we still can’t find any short disclosure coming from Greece. Either Capital Market Commission (HCMC) is not updating (or as Angela Merkel would put it, “Greece is lazy”) or no one has a bet that exceeds...
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International Business Machines Corp. (NYSE:IBM) shares are down 4% this morning, after the company reported earnings that disappointed investors. IBM is dragging down the Dow Jones with it in today’s trading session. International Business Machines Corp. (NYSE:IBM)has now had several weak revenues Qs in 2012, including this Q. Revenues were $24.75 billion, compared to our estimate of $25.47 billion and consensus of $25.38 billion. Software, GBS and the systems business units all were weak. Even though IBM’s...
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The latest issue of Graham & Doddsville is out. The feature interview is with famous value investor, Joel Greenblatt. Greenblatt says one of the first books he read is David Dreman Psychology and the Stock Market: Investment Strategy Beyond Random Walk. As I have pointed out on several occasions and Greenblatt affirms, David Dreman was one of the first experts in behavioural finance. Greenblatt talks about short selling, and states that on the long side, he likes companies which...
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Yum! Brands, Inc. (NYSE:YUM) has already risen by more than four percent in after hours trading. The company released its earnings report for the firm’s third fiscal quarter this afternoon, after the close of the market. After the bell, the company announced that during the most recent quarter it had earned around 99 cents per share. In the same period last year, the firm earned 83 cents per share. The year over year increase,...
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One Austrian is ready to break two records today. Felix Baumgartner is geared to break the sound barrier with a record breaking skydive. His adventure will start in Roswell, New Mexico where he will edge space at twenty-three miles above the Earth’s surface. The launch will start at 11:30 AM mountain standard time, to see if the winds diminish a bit to about three miles per hour. The launch was delayed from yesterday, thanks to...
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