Third Point Adds NXP And Campbell’s Soup Stakes, Exits Alphabet Class A
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
Third Point disclosed in an SEC filing its holdings as of June 30. Third Point’s 13 new buys in the quarter included, by size of position, NXP Semiconductors (NXPI), PayPal (PYPL), Visa (V), Campbell Soup (CPB), and Deere (DE). The firm exited 14 positions during the quarter including, by size of previous position, Alphabet Class […]
Value Hedge Funds Biding Their Time As Calling A Top Gets Trickier
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
Any time the markets have been soaring up, up, and away, it’s only a matter of time before the tides will turn. Value hedge funds have been struggling as momentum and growth dominated the day, but we’re finally starting to see signs of change. Multiple hedge funds have written in their second-quarter letters about how the markets were […]
Why I Am Not Worrying About Warren Buffett’s Record Stash Of Cash
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
A recent Business Insider (BI) heading warned boldly: “Why Warren Buffett’s record-breaking cash stockpile should have investors very worried.” The BI’s evidence comes in the form of a record stash of over $130 billion of idling cash combined with major indices, like the S&P 500 (SPY), at or near all-time highs. Putting the two observations […]
With Aetna Buyout Set To Close Soon, CVS Health’s Flat-Lined Stock Still Looks Cheap
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
Last October I wrote about the just-leaked CVS Health (CVS) bid for health insurance giant Aetna (AET) and tried to convey the notion that the move was about far more than just diversifying away from retail pharmacies for fear Amazon might compress margins in that industry. Interestingly, CVS’s stock price was $69.05 when I published that note, and today it closed […]
Yuan May Consolidate On PBOC’s Intervention, Petro-Yuan Arbitrage Emerges
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
FUNDAMENTAL FORECAST FOR CNH: Neutral PBOC told that it may resume the counter-cyclical factor to support the Yuan. Retail Sales and Industrial Production reads could reveal the trade war damage. Arbitrage opportunities emerge as the spread between Petro-Yuan and Petro-Dollar jumped. The Chinese Yuan lost against the U.S. Dollar this week, though failed to set a new swing […]
AskSlim Market Week – Friday, August 10
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
Are Non-Performing Loans Becoming A New Danger For French Banks?
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
French banks have just published their results for the second quarter, and the media deem them globally “good”. They don’t seem too finicky… We had already discussed the substance matter in a December 2017 article titled “French Banks Are Much More Dangerous than American Banks”. But in this article, I would like to underline the […]
Gold Prices In Tug-Of-War Between USD Strength And Safe-Haven Demand
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
Gold prices are lower for the fifth consecutive week with the precious metal down 0.3% to trade at 1211 ahead of the New York close on Friday. The decline takes price back into key support we’ve been tracking for weeks now and comes amid rising geo-political tensions and as broader equity markets flat-lined. Renewed strength […]
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Stock Of The Week: UnitedHealth Group
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
(Video length 00:05:24) Maybe it’s time to put UnitedHealth Group in your growth portfolio.
Tesla Slides On Report It Is Only Now Approaching Potential LBO Investors
Aug 10, 2018
Jeremy Parkinson
Finance, No picture
It looks like Elon Musk lied when he said that the “funding was secured.” Assuring that the SEC will have its hands full, Bloomberg reports that only now are Elon Musk and his advisers seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large […]