The S&P/Case-Shiller Home Price Indices showed a 2 percent decline in home prices in the third quarter of 2010, a disappointing (though not entirely surprising) follow-up to the 4.7 percent increase in prices reported in quarter two. The report (found here) also states that house prices are currently 1.7 percent […]
GOOGL
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Sometimes, it can be difficult to figure out what economic catalyst prompted the day’s market movement. Today is not one of those days. While there were no major economic reports released today and yesterday’s reported drop in jobless claims was good news, the 2011 fiscal year outlook of Cisco Systems […]
Our first new manager this week is Ginu Thomas, a graduate of Columbia Business School and Bingamton University. He is a mergers and acquisitions advisor for a financial services company and has been investing in his personal account since 2001. He uses a value-based approach and identifies opportunities that result […]
Earnings growth for our portfolio companies remains overshadowed by volatility and the manic-depressive behavior of the markets. Our portfolio holds considerable appreciation potential based on prospects of our businesses and the substantial relative value versus bonds.
Phil Dhingra is the manager of the Forbes 100 model, a model that invests only in companies that have appeared on Fortune Magazine’s list of 100 top employers to work for. Phil believes that creating a great work environment is one of the indicators of potential company success. Phil has […]
The August Industrial Protection and Capacity Utilization report from the Federal Reserve was released today and showed a disappointing .2 percent increase in industrial production for August. This comes after a .7 percent increase in July that the report states was due to a sharp jump in demand for motor […]
The Forbes 100 model on Covestor, managed by Philip Dhingra, banks on the philosophy that a great employer has a better chance of becoming a great success as a company. If this is correct, it would mean that employers who treat their employees well could make great investments. The model […]
The September issue of the Federal Reserve’s Beige Book (a brief, countrywide economic snapshot created eight times per year) was released today. While the report gives a more comprehensive look at the many sectors of economic activity, the overarching theme was that there were some increases in consumer spending and […]
August 30, 2010: The S&P 500 index is down 4.94% for the month of August through August 26, 2010. I see a lot of good values among the top ten stocks in the S&P 500 by market cap. Exxon Mobil (XOM), Apple (AAPL), Microsoft (MSFT), and Proctor & Gamble (PG) are the top four and trade at comparatively low forward earnings estimates. Apple is the only one on the list with significant growth prospects over the next ten years or so and it trades less than twenty times trailing earnings as of August 30, 2010.
Disclaimer: John Mooney owns GOOG in his Covestor Under-Capitalized Sectors model. August 4, 2010: T. Rowe Price (the investor, not the firm he founded) isn’t mentioned much today, but in the mid-twentieth century he was well-known as one of the first modern proponents of growth stocks. He had clear criteria […]