· The king of bonds” - Jeffrey Gundlach is profiled in Barron’s – he is pretty bearish on US equities, calling for the SP500 to hit 500 in the next few years. He foresees more downside for muni debt and is pretty cautious on the US economy.
· Housing is a lot worse than people think – using numbers by Core Logic, which claims the headline National Association of Realtors existing home sales is inflated, numbers and trends in the market are worse than expected.
· INTC – article notes that Fred Hickey has become positive on INTC, due to a cheap valuation and decent fundamentals.
· Teton Advisors CEO Nick Galluccio – interview – pos. on FNFG, QLGC, GDP, ESIO, WASH, FFIC, HXL, WWD.
· NVDA, ARMH – negative comments – investors are getting way too enthusiastic about tablet growth forecasts; both these stocks are very expensive.
· MSFT, INTC, DELL – pos. comments; all these stocks are pretty cheap and reflecting pretty dire forecasts.
· HPQ – Barron’s says the Vertica purchase by HPQ raises conflict of interest questions as HPQ’s nonexecutive chairman, Ray Lane, owned a piece of the small software firm via his involvement w/VC shop Kleiner Perkins Caufield & Byers.
· Tech firms, inc. AAPL, MSFT, GOOG, CSCO, and INTC, should start paying 3% dividends. They all have way too much cash, something investors aren’t giving them any credit for. If INTC, one of the most capital intensive companies in tech, can pay a high dividend, than others should be able to.
· MF – pos. comments; as Corzine transforms the company, its stock price could climb to >$10.
· OMX – positive comments; the stock slumped after its earnings; but valuation is cheap and expectations are low; the results weren’t even that bad and mgmt could be conservative w/the guidance.
· LAB – one shareholder in LAB isn’t happy w/the terms of the deal and thinks the company is worth closer to $6.
· Cotton – the price may be vulnerable to a near-term correction although longer-term fundamentals remain positive.
· BioGaia – the Swedish biotech firm could become a takeover target for the likes of Nestle, DuPont, or Yakult.
· AGU – the stock could have more upside ahead – the shrs could hit prior highs of $115
· CVX – the stock could continue climbing as oil prices rise; the shrs could approach $110
· GIS: General Mills is mentioned positively by Barron’s. The article is positive on the company’s pricing power and R&D/innovation (among other things) and says that the stock could be up ~20% during the next 12 months (while also having a 3% dividend yield).
· NFLX: Netflix is mentioned cautiously by Barron’s. Barron’s had a negative call on NFLX in its Dec. 27th issue, and says, “while we have lost some (OK, a lot of) confidence in our timing, we think those concerns are still valid, and that Netflix, which fetches 53.7 times this year’s estimated earnings, could trade sharply lower in the next 12 months”
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