Top Headlines

3 Reasons Why Apple Stock Is Heading to $200 Per Share

2h investorplace
Apple Inc. (NASDAQ:AAPL) isn’t as emotionally driven a stock as say, Advanced Micro Devices, Inc. (NASDAQ:AMD), Tesla Inc (NASDAQ:TSLA) or Chesapeake Energy Corporation (NYSE:CHK). But that doesn’t mean AAPL stock doesn’t have a fierce set of bears and bulls, the latter of which has been winning the battle. (1086-0)
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Factors That Are Likely to Impact Intel's (INTC) Q4 Earnings

25m zacks
Intel Corporation (INTC - Free Report) is set to report fourth-quarter fiscal 2017 results on Jan 25 after the closing bell. Notably, the company has a positive record of earnings surprises in the trailing four quarters, with an average surprise of 9.75%. Last quarter, the company delivered a positive earnings surprise of 26.25%. Last quarter, the company reported non-GAAP earnings of $1.01 per share, which beat the Zacks Consensus Estimate by 21 cents. (728-0)
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Advanced Micro Devices Inc. Stock Still Is on the Chip Sector Battlefield

2h investorplace
The success of Advances Micro Devices Inc. (NASDAQ:AMD) stock in 2016 was based on expectations for growth. The lack of success for AMD stock in 2017, despite growth and profits, have made it the chief battlefield stock of the chip sector in 2018. (733-0)
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Your Daily Pharma Scoop: Omeros' OMS721, Celgene To Acquire Juno, BioCryst And Idera To Merge

25m seekingalpha
Omeros’ OMS721 got a positive opinion from EMA’s COMP for an orphan drug designation in Europe. (416-0)
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RPT-U.S. product lets investors triple bet on popular tech stocks

1h reuters
Jan 22 (Reuters) - Investors are getting a high-octane way to bet on or against the stock market’s technology leaders. (408-0)
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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

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.