Two years ago, we pulled Fidelity Contrafund (FCNTX) from the Kiplinger 25 and replaced it with Fidelity New Millennium (FMILX). We had no qualms about Contras performance or the estimable Will Danoff, the funds manager since 1990. Our concern was with its immense asset base, $114 billion at the time. We worried that Danoff would have trouble steering the battleship through increasingly turbulent....More>>>
Banks are seeing significant returns, with some outperforming the market indices in 2016. With the market currently in consolidation and President-Elect Trump close to beginning his term, investors are on the sidelines waiting for clearer indicators of what is to come in 2017 as well as during Trump’s remaining time in his term. The question remains whether the banking sector has been curtailing....More>>>
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The above image is a real picture of a full moon taken in 2012 by an astronaut on board the International Space Station. From blue water to blue sky and the sun revolving earth, there are so many illusions we encounter on a daily basis. I’d like to discuss three illusions in the financial markets that we encounter regularly but hardly take cognizance of.
This article began by searching for stocks hitting their 52-week low. DHI Group (NYSE:DHX) reached its 52-week low on Monday, April 3, 2017. At $3.90 it offered investors value. Then the stock moved up over the next few days as I prepared this article. DHX closed Friday, April 7, 2017, at $4.50.
DHI Group is a micro-cap with historical and impressive, consistent high FCF margins that the....More>>>
Financier George Soros looks on during a session at the World Economic Forum annual meeting on January 27, 2011 in Davos. (Photo credit: FABRICE COFFRINI/AFP/Getty Images)
George Soros. Carl Icahn. Dan Loeb. Steve Cohen. Stan Druckenmiller.
Titans of the hedge fund investment world.
Soros brought down the Bank of England. Icahn won big on Herbalife. Dan Loeb forced change at....More>>>