By Fred Piard: As this article is a sequel, you may want to read the first episode here. Some of its comments are also of interest. Germany has produced great things: among them nice cars and a volatile stock market. Let’s focus on the latest: (click to enlarge) This is a 5 year chart of [...]
By Value Equity Analyst: To evaluate the risk/reward of owning the 2019 Series A and 2018 Series B Bank of America (BAC) warrants, I built a simple Black-Scholes-Merton option pricing model, which allowed me to estimate the expected return profile of the warrants under various scenarios. While different investors have different risk tolerances, I believe [...]
By Russ Koesterich: Executive Summary Demographics exert a significant influence on both economies and financial markets, an impact that will grow in the coming years. The graying of the developed world is hitting an inflection point and is forecast to accelerate. While we don’t necessarily envision some of the more dire predictions-an aging society does [...]
By Shafiel: By Brandon Hunter, Jesse Fischer, and Shafiel Karim Introduction Facebook, Inc. (NASDAQ: FB) is the largest online social network in the world and currently boasts over 901 million unique monthly active users (“MAU”), over 500 million daily active users (“DAU”), and more than 125 billion user connections. Users upload over 300 million photographs [...]
By Morningstar: By Timothy Strauts An ongoing debate for many years has been over what is better for investors, individual bonds or bond mutual funds? The decision usually comes down to the investment’s goals. If you want complete control of your portfolio’s maturity, yield, and credit quality, then individual bonds are for you. If you [...]
By George Acs: Barely a year ago, at the insistence of one of my kids, I joined both Facebook (FB) and Twitter. I didn’t do so out of some need to expand my social horizons, since I’m an especially anti-social type and a newly minted recluse who sits and trades all day long. Instead, I [...]
By Doug Short: By Adam Butler and Mike Philbrick Modern Portfolio Theory (MPT) has been derided by practitioners, academics, and the media over the past ten years because the dominant application of the theory, Strategic Asset Allocation, has delivered poor performance and high volatility since the millennial technology crash. Strategic Asset Allocation probably deserves the [...]
By Brad Thomas:Port),Complete Story »
By A. I. Houriani: Microsoft’s (MSFT) multi-market penetration business strategy has given it a place in my equity portfolio and the portfolios I manage. Microsoft has been a leading provider to the business markets, where it accumulated much of its vast wealth, but it has recently taken very strong and aggressive steps to penetrating the [...]
By Gary Townsend: After Thursday’s close, JPMorgan (JPM) disclosed in its 2Q2012 10-Q after-tax losses of $800 million, stemming from corporate hedging operations. A slight delay in the regulatory filing had suggested that there might be a problem, which this afternoon’s market weakness may have anticipated. The company attributed the losses to a trader in [...]