Does Valuation Matter?
July 4, 2008
Trader Mark submits:I always wonder about this valuation thing Read more
Mid-Year Market Roundup
July 4, 2008
Andy Sutton submits:
I would say that things are downright scary, but I am afraid that would be a colossal understatement at this point. 2008 has been pretty much what we expected and then some. A couple of themes have emerged during the first half of this year that require our attention and careful consideration as we gear up for the second half of the year.
Action, Not Words
Year-Over-Year Jobless Growth Falls to Zero
July 4, 2008
Annual job growth fell to 0.0 percent, its lowest level since November of 2003, as the Department of Labor reported the U.S. economy shed 62,000 jobs in June and the unemployment rate held steady at 5.5 percent. For the month of June, job loss was most severe in the professional and business services category which fell 51,000 (mostly temporary help - not a good indication for future economic activity), followed closely by construction and manufacturing, down 43,000 and 33,000, respectively.
Tim Iacono submits:
Downward revisions were applied to data for previous months, the original April estimate of -28,000 revised to -67,000 and the May tally of -49,000 adjusted to -62,000. So far this year, nonfarm payrolls have declined by 438,000, most of the declines coming in construction and manufacturing. 
GFD Guide to Total Returns: Market History - and Future?
July 4, 2008
Mebane Faber submits:
The markets are closed and I am outta here for some fish tacos, some beach, some surf, and some bbqing. If you need some weekend reading, here goes…
This post below reminds me of Question #2 from Fisher’s book:
GFD Guide to Total Returns: Market History - and Future?
Market Action: Past, Present, Future
July 4, 2008
David M. Gordon submits:
The great thing is to last and get your work done and see and hear and learn and understand; and write when there is something that you know; and not before; and not too damned much after.
— Ernest Hemingway
The market’s health the past 8 months reminds me that I should reiterate my investing methodology. First, though, a review of the markets…
Market Action: Past, Present, Future
NVIDIA Corp (NVDA, rated BUY)
July 4, 2008
| Analysts’ Recommendation: |
Buy |
| 30 Days Ago: | Buy |
|
|
|
| Analysts’ Target: | $27 |
| Analysts’ Targets | |
| FTN Midwest | $19 |
| Sell | |
| Tuesday, July 01, 2008 | |
| FTN Midwest | $19 |
| Sell | |
| Tuesday, July 01, 2008 | |
| UBS Securities | $22 |
| Hold | |
| Thursday, June 26, 2008 | |
| Wedbush Morgan Securities | $25 |
| Hold | |
| Monday, May 05, 2008 | |
| Deutsche Bank Securities | $22 |
| Underweight | |
| Friday, April 11, 2008 | |
| Caris & Company | $24 |
| Above Average | |
| Friday, April 11, 2008 | |
| AmTech Research | $26 |
| Buy | |
| Monday, April 07, 2008 | |
| Citigroup | $23 |
| Sell | |
| Monday, March 24, 2008 | |
| BMO Capital Markets | $34 |
| Underperform | |
| Thursday, February 14, 2008 | |
| Needham & Co. | $39 |
| Hold | |
| Thursday, February 14, 2008 |
BusinessWeek Rankings
NVIDIA Corporation provides visual computing technologies designed to generate interactive graphics on consumer and professional computing devices in the United States and internationally. It operates in four segments: Graphic Processing Unit (GPU), Media and Communications Processor (MCP), Professional Solutions Business (PSB), and Consumer Products Business (CPB). The GPU segment comprises products that support desktop and notebook personal computers, and plus memory products. The MCP segment consists of NVIDIA nForce core logic and motherboard GPU products. The PSB segment offers professional workstation products and other professional graphics products, including high-performance computing products. The CPB segment provides mobile brands and products that support handheld personal media players, personal digital assistants, cellular phones, and other handheld devices. This segment also licenses video game consoles and other digital consumer electronics devices. The company markets its products to original equipment manufacturers, original design manufacturers, add-in-card manufacturers, system builders, and consumer electronics companies. NVIDIA was founded in 1993 and is headquartered in Santa Clara, California.
The Procter & Gamble Company (PG, rated BUY)
July 4, 2008
BusinessWeek Rankings
The Procter & Gamble Company (P&G), together with its subsidiaries, provides branded consumer goods products. The company operates through three global business units (GBU): Beauty, Health and Well-Being, and Household Care. Beauty GBU consists of Beauty and Grooming segments. Beauty segment provides cosmetics, deodorants, fine fragrances, hair care, personal cleansing, and skin care products primarily under Head & Shoulders, Olay, Pantene, CoverGirl, and Wella brands. Grooming segment provides manual and electric razors and blades, face and shave preparation products, and small home appliances primarily under Braun, Fusion, Venus, Gillette, and Mach 3 brand names. Health and Well-Being GBU includes the Health Care and Snacks, Coffee, and Pet Care segments. Health Care segment provides feminine care, oral care, personal health care, and pharmaceuticals primarily under Actonel, Always, Crest, Prilosec OTC, Vicks, and Oral-B brands. Snacks, Coffee and Pet Care segment offers snacks, primarily potato chips under Pringles brand name, coffee under Folgers brand, and pet care products under Iams and Eukanuba brands. Household Care GBU consists of Fabric Care and Home Care and Baby Care and Family Care segments. Fabric Care and Home Care segment offers various fabric care products, including laundry products and fabric conditioners; home care products, such as dish care, surface cleaners, and air fresheners; and batteries. This segment primarily offers these products under Tide, Ariel, Dawn, Downy, Gain, and Duracell brand names. Baby Care and Family Care segment provides diapers, baby wipes, bath tissue, facial tissue, and paper towels primarily under Bounty, Charmin, and Pampers brands. It sells its products in approximately 180 countries primarily through mass merchandisers, grocery stores, membership club stores, and drug stores. The company operates in approximately 80 countries worldwide. P&G was founded in 1837 and is headquartered in Cincinnati, Ohio.
| Analysts’ Recommendation: |
Buy |
| 30 Days Ago: | Buy |
|
|
|
| Analysts’ Target: | $76 |
| Analysts’ Targets | |
| Lehman Brothers | $73 |
| Overweight | |
| Thursday, May 01, 2008 | |
| UBS Securities | $80 |
| Add | |
| Thursday, April 24, 2008 | |
| Deutsche Bank Securities | $74 |
| Accumulate | |
| Thursday, April 17, 2008 |
The Procter & Gamble Company (PG, rated BUY)
Emerging market small caps with high dividend yield may offer shelter (DGS, rated BUY)
July 4, 2008
The fund invests in emerging market small caps with high dividend yield.
Why invest?
The fund is highly diversified with high exposure to Taiwan which is a country I am extremely bullish on as it will directly benefit from the growth of China.
South Africa does face problems due to power shortages but the fact remains that it is very resource rich.
Thailand and Turkey are undervalued especially Turkey.
| Country Allocation | As of 7/2/2008 | ||||||||||||||||||||||||||||
|
There is wide diversification across sectors.
| Sector Breakdown | As of 7/2/2008 | |||||||||||||||||||||
|
Their list of holdings in Feb 2008
http://www.wisdomtree.com/etfs/fund-holdings.asp?etfid=53
Honestly they didn’t mean anything to me.I just put it there for the curious-I am not going to research 398 stocks for a virtual portfolio.I am still in shock from the sheer number-how can they go through all those balance sheets and study the businesses etc is beyond me.This work is much much harder than I thought.
Emerging market small caps with high dividend yield may offer shelter (DGS, rated BUY)
Post-modern escape makes strong earnings growth + sizable dividend (WWE, rated BUY)
July 4, 2008
Another stock poised for outperformance on the exchange. WWE is priced to offer a +9% dividend yield, which is far stronger than . And this is not a divident that will be cut like financials.
One ought to recognize the resilience of the American consumer to want to escape from reality. WWE offers such a place. WWE is also exploding in its global expansion in Latin America and Japan.
In a world where reality looks like a horrible place, folks will be willing to cough up $40 to escape to one of WWE’s massive arena gladiator showcases. It’s been the same way since civilizattion began, and we would be overestimating ourselves if we say Main Street is suddenly no longer interested in a showcase of strength and situational comedy.
Post-modern escape makes strong earnings growth + sizable dividend (WWE, rated BUY)
Illumina Inc (ILMN) is a HOLD
July 4, 2008
HOLD
rating on Illumina Inc
(ILMN)
Start Price: $89.1
Start Date: 07/03/2008
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