Top Headlines

What Happened at CES 2018

1h zacks
So much happened at the annual Consumer Electronics Show 2018 at Las Vegas last week that it’s almost impossible to put it all together in one place. But here are the high spots- (923-0)
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5 Blue-Chip Stocks That Are a Threat to the Dow

23m investorplace
The Dow Jones Industrial Average continues to flirt with the 26,000 level, spending the last two sessions oscillating above and below that key threshold. As it stands now, above the level, this marks the quickest 1,000 point round number jump in history. (294-0)
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Peter Lynch: Use What You Know To Pick The Best Dividend Stocks

1h seekingalpha
Peter Lynch's "One Up on Wall Street" was the book that got me started with investing. (346-0)
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10 Super Safe Growth Stocks to Buy for Long-Lasting Dividends

3h investorplace
The stock market’s relentless march upward has pushed the prices of many companies higher. As investors bid up good and bad businesses alike, it can be hard to discern which companies are the best for long-term investors. (434-0)
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Buy These 3 Stocks to Trade Like An Institutional Investor

23m zacks
Wall Street is already off to a hot start in the New Year, with the Dow surging to new heights and tech giants like Amazon (AMZN - Free Report) and Nvidia (NVDA - Free Report) picking up right where they left off. But as tempting as it might be to try to find the next hot tech stock, one of the best places to start searching for 2018’s top picks might be where the massive institutional investors put their money. (225-0)
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Top Institutional Investors

FirmManager(s)Size (USD)
FMR LLC / Fidelity 827,118,192,000
BlackRock Fund Advisors 542,337,368,000
Capital World Investors 441,485,604,000
Capital Research Global Investors 331,235,446,000
Berkshire Hathaway IncWarren Buffett 177,678,767,000
Renaissance Technologies LLCJames Simons 84,977,715,000
Tiger Global Management LlcChase Coleman, Feroz Dewan 14,741,259,000
Baker Brothers Advisors LPJulian and Felix Baker 12,330,918,000
Third Point LLCDan Loeb 11,896,805,000
ValueAct Holdings, L.P.Jeff Ubben 9,977,214,000
Melvin Capital Management LPGabriel Plotkin 8,310,060,000
Baupost Group LLC/MASeth Klarman 8,023,215,000
Gotham Asset Management, LLCJoel Greenblatt 6,811,534,000
GreenLight Capital IncDavid Einhorn 5,861,514,000
Pershing Square Capital Management, L.P.Bill Ackman 5,114,152,000
Starboard Value LPJeffrey Smith 3,704,338,000
Hitchwood Capital Management LPJames Warby Crichton 2,340,729,000
Duquesne Family Office LLCStanley Druckenmiller 2,198,529,000
Sabby Management, LLCHal David Mintz 1,530,290,000
Pine River Capital Management L.P.Brian Taylor and James Clark 668,500,000
Bodenholm Capital AB 168,061,000
Scion Asset Management, LLCDr. Michael Burry 35,387,000

New Activist Filings

Stock Screens

The fundamental task in investing is finding mispricings in price v. quality. There are a lot of cheap companies in the market, but most of them are cheap for very good reasons. The trick is finding companies that are cheap but actually healthy. In 2000, Joseph Piotroski wrote a paper in which he described a mathematical model that turned data from financial reports into a simple 9-point score that described a company’s health. He showed that this score, combined with a valuation metric (he used Book-To-Market), could be used successfully to produce excess returns in an investing strategy. This stock screener finds all companies with a score greater than six (which we call “healthy enough”). In his work, he suggested taking a list like this and buying the cheapest of that list. Note that many people believe, incorrectly, that buying companies with the best score is the proper approach, but they end up overpaying for quality. Remember, the goal is to find mispricings in price and quality, not overpay for high quality.  
Companies with Return on Invested Capital (ROIC) > 15%  
Finds all companies with an activist investor filing in the last year  
Finds companies where Price to Book Value < 1.0;  
Companies with negative enterprise value generally get this way because they have a lot of cash. (Cash is subtracted when calculating EV). There is some evidence that negative enterprise value companies outperform the market, so companies matching this screen might be undervalued.  
For investors desiring income over capital appreciation, companies that pay dividends regularly are a great way to generate a steady cash flow. As in any purchase, the goal is to get most value for your dollar, and with dividends, a key metric is dividend yield. The dividend yield is the annual dividend paid divided by the current share price. Higher yields are better. This stock screen finds all securities with a dividend yield greater than 4%.  
This stock screen finds microcap companies with positive annual revenue.  
This is Benjamin Graham's Net Net Working Capital Screen  
The Net Current Asset Value (NCAV) is a conservative valuation metric popularized by Benjamin Graham. To calculate it, simply subtract the total liabilities from a company’s current assets. To calculate NCAVPS (Net Current Asset Value Per Share), divide the NCAV by the number outstanding shares. This stock screener takes Ben Graham’s more conservative approach and uses ⅔ of the NCAV.