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Entertaining Investors The World Over...




 

Every once in a while, the market does something so stupid it takes your breath away.

Jim Cramer

Indecision and delays are the parents of failure.

George Canning

Nothing is worth more than this day.

Johann Wolfgang von Goethe

Only those who have patience to do simple things perfectly ever acquire the skill to do difficult things easily.

James Corbett

Eighty percent of success is showing up.

Woody Allen

I don’t want to achieve immortality through my work. I want to achieve it through not dying.

Woody Allen

MARKET UPDATE


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Remember…

If money does not make you happy, give it back.

Jules Renard

Chill!!!

If the market goes down, stocks are less expensive and…

A better deal.

Miscellaniu… No, Miscelanu… Miscellannno

Miscellaneous!

The current S&P 500 P/E ratio is 26.57 (as of 2/24/17, end of day) – to compare with a mean P/E of 15.64 and median of 14.65 (sample data since 1870). Stocks are quite expensive – but we are NOT in a bubble, not yet anyhow, although we’re getting closer…
 
 
Current S&P 500 PE Ratio:  26.57 +0.04 (0.15%)
(4:10 pm EST, Fri Feb 24)

 

Mean: 15.64  since 1870
Median: 14.65  since 1870
Min: 5.31 (Dec 1917)
Max: 123.73 (May 2009)

Price to earnings ratio, based on trailing twelve month “as reported” earnings.
Current PE is estimated from latest reported earnings and current market price.
 
 
No matter what – US rate hikes, global growth concerns, the volatility of oil and other commodities, Russia and China’s military ambitions, cybersecurity threats, terrorist attacks, etc. – great companies will continue to thrive. If you are a long-term investor, buy opportunities are out there. Examples? Some energy issues (despite the sector’s recent advance) are still reasonably priced. No wonder Warren Buffett a few months back added to his Phillips 66 (PSX) holdings (at a price close to current ones). Some biotech and healthcare issues seem to present investors with long-term appreciation potential. Think McKesson Corporation (MCK), Biogen (BIIB) (An insider bought a massive amount of BIIB on 10/22 and 10/23/2015; shares still trade in the vicinity), Gilead Sciences, Inc. (GILD), Alnylam Pharmaceuticals (ALNY), AbbVie Inc (ABBV), Mallinckrodt PLC (MNK), Alexion Pharmaceuticals, Inc. (ALXN), and a few others. Financials may need to consolidate after their recent advance, but some retailers may also offer value. Think Bed Bath & Beyond Inc. (BBBY), J C Penney Company Inc (JCP), Macy’s, Inc. (M); just beware of value traps. Casino equities led by Wynn Resorts (WYNN) (which has consolidated over the past few months) may restart to outperform (after underperforming for years). Also intriguing at current valuations: Icahn Enterprises LP (IEP) (Carl Icahn just bought more…), Twitter Inc (TWTR) (Jack Dorsey added to his stake), Stericycle Inc (SRCL), and Transocean LTD (RIG). Please, see below and our daily updates for insiders and hedge funds’ takes and many more ideas…

 

Shareholders beware!

 

Updated at 3:22 pm EST, February 25, 2017

Food for Thought

 

October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February.

Mark Twain

 

The more the market slumps, the less it makes sense to sell and the more it makes sense to buy; stocks are less expensive.

The FUnanc!al Team

 

If things are not failing, you are not innovating enough.

Elon Musk

 

Crises are opportunities True in the stock market. True in life.

The best investments start with a big scare…

The FUNanc!al Team

Insider Buys

Recently or earlier this year insiders have bought shares of (newly added today) Icahn Enterprises LP (IEP), Arconic Inc (ARNC), Blackrock 2022 Global Income Opportunity Trust (BGIO), Evoke Pharma Inc (EVOK), Avon Products, Inc. (AVP), GNC Holdings Inc (GNC), BioTime, Inc. (BTX), Foundation Building Materials, Inc. (FBM), Coty Inc (COTY), Vermillion, Inc. (VRML), Rent-A-Center Inc (RCII), Sierra Oncology, Inc., formerly ProNAi Therapeutics, Inc. (SRRA), Colliers International Group Inc (CIGI), Agilysys, Inc. (AGYS), Clipper Realty Inc. (CLPR), Global Water Resources Inc (GWRS), Mallinckrodt PLC (MNK), Aldeyra Therapeutics Inc (ALDX), Vista Outdoor Inc (VSTO), Versants Inc (VSAR), Murphy USA Inc (MUSA), AMC Entertainment Holdings Inc (AMC), Walgreens Boots Alliance Inc (WBA), CONSOL Energy Inc. (CNX), Crispr Therapeutics AG (CRSP), Enterprise Products Partners L.P. (EPD), Murphy USA Inc (MUSA), QUALCOMM, Inc. (QCOM), Envirostar Inc (EVI), Macquarie Infrastructure Corp (MIC), Howard Bancorp Inc (HBMD), Jounce Therapeutics Inc (JNCE), Tailored Brands Inc (TLRD), Live Oak Bancshares Inc (LOB), Seritage Growth Properties (SRG), AnaptysBio Inc (ANAB), Calamos Asset Management, Inc (CLMS), Alliance Data Systems Corporation (ADS), Eagle Bulk Shipping Inc (EGLE), Swift Transportation Co (SWFT), Mirati Therapeutics, Inc. (MRTX), Heron Therapeutics Inc (HRTX), Dell Technologies Inc (DVMT), Kindred Biosciences Inc (KIN), Virtu Financial Inc (VIRT), American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation (AOBC), Lawson Products, Inc. (LAWS), WPX Energy Inc (WPX), Seritage Growth Properties (SRG), Regeneron Pharmaceuticals Inc (REGN), Retractable Technologies, Inc. (RVP).

 

(The aforementioned list only includes a subset of companies where insider purchases have taken place; it is pre-screened by our in-house team of .o3 analysts along criteria that have yet to be determined!) 

 

s2s1s3

 

Updated at 3:13 pm EST, February 25, 2017

disclaimer

1. We are ourselves and nobody else but ourselves, which is us, so we are not responsible for the people who are not us and we are serious it’s not a joke.  2. We are not brokers we wanted to be brokers but there are exams and we can’t take too many exams because they are difficult and so we are not brokers nor do we intend to become brokers as long as there are exams. 3. We in no way claim that we have investigated or even considered or even tried to consider contemplating not to mention ignited a thought process revolving around the[...]
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See Stocks through a Different Lens

 

"Deadly Investment Sin No. 1: Believing that you have to predict the market's next move to make big returns."

 

"Reality: Highly successful investors are no better at predicting the market's next move than you or I."

 
 

Mark Tier, Author

Becoming Rich

The Wealth-Building Secrets of the World’s Master Investors

Buffett, Icahn, Soros

I’ll let the racket do the talking.

John McEnroe

To err is nature, to rectify error is glory.

George Washington

Energy and persistence conquer all things.

Benjamin Franklin

You’ll never find a better sparring partner than adversity.

Golda Meir

I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.

Nelson Mandela