Goldman Sachs Beige Book on Q1, see Goldman Sachs beige book on Q412 earnings here. Below is a brief summary from goldman followed by the full document in scribd. Goldman Sachs Beige Book The Summary of Commentary on Economic Conditions, commonly known as the “Beige Book,” is published by the Federal Reserve eight times per year. In it, the 12 regional Reserve branches offer anecdotal evidence on the current economic environment in their respective...
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Donald Yacktman was on CNBC earlier this week. Donal Yacktman comes into the video at around the 9 minute mark. Yacktman discusses the market rally and laughingly states that he would rather see lows than highs. He sees many of the attractive valuations evaporations but explains why he likes P&G and why its cheap at a 19x PE. 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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Activist investor, Carl Icahn, exercised his Netflix, Inc. (NASDAQ:NFLX) options to maintain his near 10% stake in the music and video stores company. Icahn exercised his American style call options at $36.05 per share for 4, 291,066 shares of common stock, to bring his total to 5,541,066 shares of common stock. Initially, Carl Icahn held 1.25 million shares of common stock in Netflix. Carl Icahn was long 858,213 Netflix, Inc. (NASDAQ:NFLX) common stock shares...
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Bill Ackman’s Pershing Square Capital Management has filed its Q3 SEC form 13F detailing the latest transactions. The New York-based hedge fund has assets valued at nearly $8.5 billion as of September 30, 13F filing. Bill Ackman’s Pershing Square Capital Management Portfolio Bill Ackman’s portfolio is composed of nine stocks, which are diversified across six sectors. The services sector accounts for the largest percentage with 30.93 percent. Consumer staples accounts for 22.94 percent while...
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The Procter & Gamble Company (NYSE:PG)’s profit beat expectations on Thursday. These soaring profits follow a beat down from activist investor William Ackman, who at the beginning of the month made hits against Procter & Gamble’s leadership style, noting that the company had under-performed in past years. While analysts expected The Procter & Gamble Company (NYSE:PG) to post profits of 96 cents a share, the household products heavyweight managed to trample on these estimates, after posting...
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The consumer durable giant, The Procter & Gamble Company (NYSE:PG) reported an increase of 45 percent its net income for the fourth quarter. The major contribution was the boost in sales of its snacks division. At the same time, the world’s largest consumer product maker’s revenue declined as price increase was equally offset by the stronger dollar. The higher pricing contributed 4 percentage points to revenue which was offset by the same 4 percent decline by...
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The Procter & Gamble Company (NYSE:PG) shares jumped after the Federal Trade Commission approved of an investment by William Ackman’s Pershing Capital Management LP. By midday (Eastern Time) on Thursday, P&G’s stock rose 4.5 percent to $64.18 per share. It was the highest gain for the company since October 2009. The shares closed slightly lower at $63.70 a share, up 3.75%. The FTC did not reveal any details of the transaction. Based on U.S. laws, any...
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Every morning we put out a report with the latest updates on global stock markets, companies, and economic news. Morning Market Update Market Levels * US: Dow Futures: 12786.00 (0.19%), S&P 500 Futures: 1353.00 (0.18%), NASDAQ Futures: 2621.50 (0.34%) * Europe: CAC: 3110.87 (-0.23%), DAX: 6375.13 (0.18%), FTSE: 5609.61 (0.42%). * Asia-Pacific: Australia: 4132.40 (0.22%), China: 2292.88 (-0.35%), Hong Kong: 19518.85 (0.52%), India: 5120.55 (0.33%), Japan: 8752.31 (1.10%). * Metals: Gold: 1604.70 (-1.14%), Silver: 28.19...
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Oaktree Capital Management, L.P., the private equity arm of Oaktree Capital Group LLC (NYSE:OAK), has entered into an agreement to recapitalize Diamond Foods, Inc. (NASDAQ:DMND), the California based packaged food company that was recently tangled in an accounting scandal. Diamond foods will issue $225 million of eight year senior notes to Oaktree, carrying a 12 percent coupon rate. The notes also come with warrants to purchase 4,420,859 shares of common stock, representing approximately 16.4 percent of...
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Johnson & Johnson (NYSE:JNJ) and The Procter & Gamble Company (NYSE:PG), have many similarities. They produce consumer goods that cost more and hope consumers will pay for the brand names. Warren Buffett likes both companies as well due to their pricing power. However it seems that a divergence might be beginning. The world’s largest consumer goods company, Proctor & Gamble, seems to have taken a stumble in its latest earning reports to its shareholders. In...
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Several large firms announced their earnings for the first three months of the year this morning. Below is a few select ones: International Paper Co. (NYSE:IP) posted earnings of 67 cents per share for the opening quarter on revenue of $6.67 billion. analysts had expected the company to post 61 cents per share earnings on the higher revenue of $6.79 billion. The firm is performing well in a year difficult for many. Revenue is...
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