Editor’s note: Seeking Alpha is proud to welcome Pivotal Biotech as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Hiroshi Watanabe Summary On…
Cesare Ferrari Investment Thesis Apple Inc. (NASDAQ:AAPL) has lost the title of the world’s most valuable company, hitting its worst performance in over a decade. So far this year, the firm’s stock has been down approximately 5%. Meanwhile, Microsoft (MSFT) has surged by over 13%, overtaking Apple to the top global market value. Since late…
Userba011d64_201/iStock via Getty Images “Read the last year’s market predictions and you will never again take this year’s predictions seriously” – Morgan Housel Dear Partners, 2023 was a good year for our fund! Rowan Street gained +102.6% (net). Please see disclosures for the historical performance data. The biggest contributors to our outperformance in 2023 were…
John Kevin/iStock via Getty Images In this 2023 year-end sector review, part 2, we look at what kind of year it was for healthcare, industrial, technology, materials, REITs, and utility sectors. How is 2024 shaping up for them? Missed part 1 of our 2023 year-end sector review? No worries, read it here. Healthcare If you…
Paolo Cordoni When it comes to investing, everyone wants to make money, but sometimes things don’t work exactly as you had planned. Everyone hopes they buy a stock that goes up over time, but there will be those stocks that go in the opposite direction, and they weigh on your portfolio. Understanding how the tax…
TERADAT SANTIVIVUT Macroeconomic Outlook: A Tipping Point By Francis A. Scotland For the past couple of years, the major macroeconomic developments in the U.S. and to a lesser extent in Europe have reflected the aftershock dynamics of post-pandemic normalization – not your typical business cycle. The economic bust caused by the pandemic and lockdowns and…
lechatnoir It’s the same old song. Mega-cap tech stocks continue to power the S&P 500 and broad US stock market higher in 2023. The latest narrative catching on across Wall Street trading desks is the notion that active managers are simply underweight the Mag Seven stocks, and are then forced to buy this year’s big…
JuSun The S&P 500 Index (SP500, SPX) spiked off the critical 4,100 support level, surging by around 6% off its recent low. While we may have achieved a sustainable bottom, we still need confirmation that the downturn is finally over. The correction was approximately 11%. The worst may be behind us now. Therefore, I’m looking…
filmfoto The “pain trade” continues to be higher into year-end. We made such a point in January, suggesting the 2022 “correction” was complete. Let’s review what I wrote, and then we will expand on why we believe the “pain trade” is higher over the next few weeks. “From the bullish side of the ledger, the…
The securities mentioned above comprise the following preliminary percentages of the Oakmark Select Fund’s total net assets as of 09/30/2023: Alphabet Cl A 8.7%, Capital One Financial 5.7%, Charter Communications Cl A 5.0%, First Citizens Bschs Cl A 6.3%, First Citizens Bcshs Cl B 0.4%, IQVIA Holdings 6.4%, Meta Platforms 0% and Oracle 2.8%. Portfolio…
asbe The Oakmark Global Fund (MUTF:OAKGX, the “Fund”) returned 26.88% for the fiscal year ended September 30, 2023, outperforming its benchmark, the MSCI World Index (net), which returned 21.95%. For the most recent quarter, the Fund returned -5.42%, compared to the benchmark’s return of -3.46%. The Fund has returned an average of 9.06% per year…
G0d4ather The Oakmark Global Select Fund (OAKWX, the “Fund”) returned 27.70% for the fiscal year ended September 30, 2023, outperforming the MSCI World Index (net), which returned 21.95%. For the most recent quarter, the Fund returned -1.92%, compared to the benchmark’s return of -3.46%. The Fund has returned an average of 7.13% per year since…
metamorworks MARKET OUTLOOK POSITIONING The fixed income investing landscape remained challenged in the third quarter. We maintain our recommendation for focus on individual credit selection over broad-based asset class or rate calls. Credit selection remains paramount, given the heightened uncertainty surrounding how this rate hike cycle will eventually impact the economy. While many areas offer…
Roman Didkivskyi/iStock via Getty Images The Oakmark International Fund (MUTF:OAKIX, “the Fund”) increased 34.39% for the fiscal year ended September 30, 2023, outperforming the benchmark, the MSCI World ex U.S. Index (net), which increased 24.00% over the same period. For the most recent quarter, the Fund returned -6.89%, compared to the benchmark’s return of -4.10%….
Thinkhubstudio The Oakmark Fund (“the Fund”) returned -1.31% during the third quarter, 15.91% calendar year to date, and 27.84% for the fiscal year. These returns compared to the S&P 500 Total Return Index’s -3.27% in the third quarter, 13.07% for the calendar year, and 21.62% for the fiscal year. We are pleased that the Fund…
Kobus Louw Dividends have been a lousy equity factor in 2023. Notice in the graph below from WisdomTree that the “high dividend” slice of the stock market is underperforming every other category popular with smart-beta investors. This year’s gains have been focused within the growth style and among high-quality companies that have been able to…
anton5146 By Erik L. Knutzen As the September starting gun sounds, here’s what we are looking out for on the track ahead. This time of year always makes me reflect on the intense seasonality of our business. As the calendar turns to September, investors return from vacation, news flow ramps up, progress versus objectives is…