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.
Michael Hasenstab is senior vice president, portfolio manager and co-director of global fixed income at the Franklin Templeton Fixed Income Group.
The call for the week: I continue to attempt to “keep” the profits accrued since the March 2009 bottom.
Harry Rady, chief executive and portfolio manager at Rady Asset Management LLC, shared some insights on how the stock market is uniquely poised to present both short and long investment opportunities in what he calls a “tale of two markets.'
Last week's market sell-off has investment strategists and financial advisers hunkering down in anticipation of continued market volatility, but they aren't ready to say that it marks the beginning of a double-dip recession.
Apollo Global Management LLC founder Leon Black and others are touting private equity's consistent outsized returns, but some insiders — including investors — aren't so sure.
Legg Mason Capital Management's CIO tells Consuelo Mack why he thinks large-cap stocks will out-perform small- and mid-caps over the next several years.
Waddell & Reed Financial Inc., the mutual-fund manager started in 1937, said it didn't intend to disrupt markets on May 6 when the plunge in stocks temporarily erased more than $1 trillion of value.
While investors generally embrace the concept of buy-and-hold investing, they fear missing out on gains that come with other strategies.
The other day I said I had mapped out a trade if the market dropped to a certain level and this happened yesterday
TIAA-CREF aims to add to its $2 billion holdings of farmland to help diversify its portfolio and hedge against inflation, said the pension-fund manager's director for private-equity investments in agriculture.
