The Standard & Poor's 500 Index may rally as much as 16 percent in the next six months because yesterday's election will stymie legislative initiatives in Congress, billionaire investor Kenneth Fisher said.
Warren Buffett's Berkshire Hathaway Inc. sold stakes in Home Depot Inc. and CarMax Inc. and cut its holding of Nike Inc. as the billionaire replaced a retiring investment manager and built the company's cash holdings.
In a wide-open pursuit of investment yield, stocks are trumping bonds, according to Mark Freeman, manager of the WHG Income Opportunity Fund Ticker:(WHGIX).
IT industry jumps ahead of banks in total payouts to shareholders 'excess cash'
Computer and software shares have slumped to the lowest valuations in two decades, a sign to Barclays Wealth and UBS AG they will rebound as Standard & Poor's 500 Index companies start spending their record cash.
Growing dissatisfaction among conservatives and independents with President Barack Obama before this year's midterm elections is good news for stock investors if history is any guide.
Bob Doll, the vice chairman and chief equity strategist at Blackrock, sat down with InvestmentNews to offer his thoughts on the direction of the global markets, as well as interest rates, over the next several weeks and for the remainder of 2010.
The second quarter opened up with high hopes and generally positive expectations for the remainder of the year. As noted last quarter, there was a wide variety of opinions on the strength of the recovery but a strong majority believed a recovery was in fact under way.
Important metrics of economic activity are slowing rapidly.
Once again, disappointing economic data caused stock markets to sag last week, with the Dow Jones Industrial Average falling 1.6% to 11,952, the S&P 500 Index declining 2.2% to 1,271 and the Nasdaq Composite dropping 3.3% to 2,644. Investors also witnessed a rebound in the US dollar, a rally in bonds and a rise in oil prices.
The number of U.S. stocks in Berkshire's $51 billion stock portfolio slipped to 33 as of March 31, compared with 39 a year earlier and 37 in 2008. Here are some of the notable reductions —and eliminations— Berkshire's portfolio.
Traxis Partners LLC's Barton Biggs sold almost all his U.S. technology shares last week.
Legg Mason Inc.'s Bill Miller said the U.S. stock market, which has dropped 12 percent from its April high on concerns Europe's debt crisis may spread, will rise after the region's banks complete stress tests.
U.S. stocks could jump as much as 20 percent, led by technology companies, as the global economy rebounds from Europe's debt crisis, said Barton Biggs.
UBS AG reduced its forecast for where the Standard & Poor's 500 Index will end the year to 1,150, citing slower profit growth and an unwillingness among investors to pay higher valuations for earnings.
The specter of higher costs continues to hang over the health care sector – a threat that is preventing most health care stocks from benefiting from the new reform package.
Growth and value investors think of themselves as proud rivals, writes John Dorfman, chairman of Thunderstorm Capital. But the best stocks usually are ones that show characteristics of both styles.
Dr. Loretta Mueller, 46, a family physician in New Jersey, was so unnerved by the Greek debt crisis and its effect on the stock market that she cashed out some of the funds in her retirement account and bought gold bullion.
Pessimism and fear are creating opportunities in the second half of 2010 for those with cash, said Terry Diamond, chairman of Talon Asset Management.
