The Dow Jones Industrial Average (Dow Jones Indices: .DJI) sits above 15,000, an all-time high. But don’t be fooled, this doesn’t mean that stocks are expensive. I understand that it seems logical to assume that if the Dow Jones industrial average, what many believe to be the bellwether index of the stock market, is at an all-time high, then it must simultaneously be overvalued. Herein is the danger of relying on headlines and simple...
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Apple Inc. (NASDAQ:AAPL) CEO Tim Cook will testify about his company’s offshore tax practices at a Senate subcommittee later this month, according to two sources cited by Bloomberg. The tech giant has been in hot water over its practices for months in several countries, including Australia and the U.K. It was revealed in November that Apple Inc. (NASDAQ:AAPL) paid less than 2 percent in taxes on its oversees profit. The company defended its practices...
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Grantham, Mayo, Van Otterloo & Co.’s latest 13F filing with the Securities and Exchange Commission indicates that the company purchased 104 new stocks during the first quarter and sold out of 79 stocks. It also increased its holdings in 292 companies and reduced its holdings in 183 stocks. GMO’s Top Holdings As of the end of the first quarter of the year, the firm’s top five holdings included Johnson & Johnson (NYSE:JNJ), which made...
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Billionaire hedge fund manager Ray Dalio’s Bridgewater Associates revealed in a 13F filing with the Securities and Exchange Commission that it has 332 stocks in its portfolio as of March 31, 2013. During the first three months, the hedge fund added 121 new stocks, made additional purchases in 68 stocks, exited 66 stocks entirely, and reduced holdings in 76 stocks. Bridgewater Associates’ top ten holdings represent 90.38 percent of the hedge fund’s total investments....
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Jim Chanos short ideas usually attract much attention. Chanos is Founder and Managing Partner of Kynikos Associates LP., possibly most famous short biased hedge fund. He spoke at the Ira Sohn Conference on May 8 regarding his latest ideas. Previously, Chanos disclosed that he holds short positions in Dell Inc. (NASDAQ:DELL) and Hewlett-Packard Company (NYSE:HPQ). At the Ira Sohn Conference, Chanos made his case for shorting PC components, including hard drives. Jim Chanos Short...
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Jim Chanos Ira Sohn coverage Brought to you by ValueWalk. Jim Chanos is Founder and Managing Partner of Kynikos Associates LP., the most famous short biased hedge fund. Jim Chanos seeks to profit from the unusually high alphas found on the short side (and sometimes long side) of the U.S. and non-U.S. equity markets (see Chanos’ massive European short portfolio here). Jim Chanos looks for cases of fraud as well as companies which he believes...
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QUALCOMM, Inc. (NASDAQ:QCOM) recently welcomed a Silicon Valley veteran Jonathan Rubinstein to their Board of Directors. The executive recently was SVP of Product Innovation for Hewlett-Packard Company (NYSE:HPQ). He also lead HP’s Palm Global Business Unit and prior to that he was the Executive Chairman of Palm Inc which was eventually acquired by Hewlett-Packard Company (NYSE:HPQ). Previously, he also ran the iPod division and iMac engineering team. His long and impressive resume includes Stardent...
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Hewlett-Packard Company (NYSE:HPQ) announced on Monday a new range of machines ProBook 4—series laptops, which will also include a 15.6 inch model along with a touch screen. The new laptops from the house of Hewlett-Packard Company (NYSE:HPQ) will be 36 percent slimmer and 18 percent lighter than the previous laptops according to the announcement of HP. The Hewlett-Packard Company has decided to roll out a total of five laptops, which are mainly designed for small...
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Wally Weitz has released his first quarter letter for 2013. In the letter the founder of the value oriented firm discusses some tech stocks. He discusses Dell which now in the spotlight due to a bidding war. He also details his holding of Hewlett-Packard. The stock which Jim Chanos called the ultimate value trap is a favorite holding among many value investors. The PC makers has staged a phenomenal comeback, after being down ~40%...
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Hewlett-Packard Company (NYSE:HPQ) has just unveiled its Moonshot servers. The new servers are made to reduce power consumption by 89 percent in comparison to previous models of servers made by the company. They’re also much smaller than other HP server models, taking up 80 percent less space. The launch of the new servers was streamed over the Internet, and Hewlett-Packard Company (NYSE:HPQ) CEO Meg Whitman said their new approach in making servers was needed...
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The stock price of Hewlett-Packard Company (NYSE:HPQ) plunged by more than 6 percent to $21.87 per share around 1:05 PM in New York on Tuesday, after Goldman Sachs Group, Inc. (NYSE:GS) analyst, Bill Shope downgraded its rating for the company. Shope recommended a sell rating for the shares of Hewlett-Packard Company (NYSE:HPQ) with a $16 per share price target. His previous rating for the stock was neutral. He lowered his rating for the company as...
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