Entertaining profile video below on Elon Musk, which delves into the intricacies of his amazing business endeavors and examines his risk taking.
Facebook suffered its biggest one day drop this week since its inception on Friday. Pretty interesting article from Market Watch. Facebook is basically half of what it IPO’d at ($38), with some saying it could go as low at $10/share. Article Link below.
A stock I have been following for a while, simply because of the HUGE dividend (32%) is YPF, the large Argentinean energy company.
YPF has a very interesting back story, as the government of Argentina recently took over the company. The Argentinean government is basically demanding YPF to use its earnings to develop the country instead of paying dividends to investors.
This fact, in addition to the current oil market, has driven down the stock price to the lowest it has been in 10 years. It is currently at $10.45 with a high EPS of 3.
Very interestingly enough Carlos Slim (wealthiest man in the world) acquired an 8.4% stake today.
Definitely worth taking a look at, and this announcement will most likely boost YPF’s price. Not sure how I feel about it yet. If you are looking for high yield with no government drama, albeit not as high a dividend, check out AGNC which I purchased recently and has done well for me.
The recent stock market rally (in conjunction with rising oil prices) has many people expecting a correction.
I’m a fan of value investing and purchasing undervalued stocks so it was refreshing to see this article in Barron’s titled “The Market’s Pullback Watch”, and to quote the article “does the market ever oblige the group that awaits the pullback?”
Some interesting statistics noted in the article:
“Investors Intelligence Survey of investment newsletters noted:
22% calling for correction
51% outright bullish
This week will also be interesting to see how the BP civil trial plays out (recently delayed adding to the suspense!), and how much of an impact this will have on their stock price.
Barron’s “The Market Pullback Watch” Article located HERE.
The long waited Berkshire Hathaway portfolio is out.
Berkshire filed documents on Tuesday with the SEC revealing some of his new positions.
Buffett is taking a bigger stake in Wells Fargo and selling shares of J&J and Kraft. Buffett also took new positions in DVA, LMCA and added to IBM. Anything Buffett purchases or reups on is definitely worth taking a look at, especially if it drops below what he bought it at (which is how I had a huge gain on GE).
From Guru Focus:
New Purchases: DVA, LMCA,
Added Positions: IBM, DTV, WFC, CVS, V, GD, INTC, VRSK,
Reduced Positions: JNJ,
Sold Out: XOM,
For more info on Berkshire’s portfolio click links below:
GuruFocus “Warren Buffett Buys More IBM, Wells Fargo, DTV, CVS; Sells XOM and JNJ”
Washington Post “Berkshire Hathaway adds to Wells Fargo stake, scales back J&J, Kraft holdings in busy quarter”
Reuters “Buffett builds media portfolio in fourth quarter”