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His hedge fund Baupost Group has meanwhile sold News Corp. and Oracle.
According to the most recent filings of his investment company, the Baupost Group, Klarman bought BP (BP), American International Group Inc (AIG), Elan Corp (ELN), Rovi Corp (ROVI), Idenix Pharmaceuticals (IDIX), DirecTV (DTV), and sold News Corp (NWS), Oracle (ORCL), Genworth Financial (GNW), Allied Nevada Gold Corp (ANV), Ituran Location and Control (ITRN) during the three-month quarter ended March 31, 2013.
As the markets hit all-time highs, an old-line railroad stock is one of the leading performers.
Here we sit in the year 2013 and guess what? A railroad stock is one of the leading stocks in the entire market!
Union Pacific (UNP) is a $71.7 billion large-cap stock, whose company is headquartered in Omaha, Neb. It's also a stock I own in my conservative growth accounts.
Now you may be asking: Isn't this a stock of yesteryear, a stodgy old one? Yes, but it doesn't have the performance of the majority of stocks of yesteryear. It continues to retain its "Best Stocks Now"-like performance!
The search giant is reportedly going to announce a new service at its I/O developer conference later this week.
The music-streaming service industry is about to get a lot more crowded as Google (GOOG) reportedly gets set to enter the fray. Meanwhile, Google shareholders are listening to a happy tune as the stock moves past $900.
A Google music-streaming service could hurt the likes of Spotify, Rdio and Pandora (P), as the companies fight for advertising dollars, users and mindshare. It's unclear what Google would charge for the service, though Spotify and Pandora both have free ad-supported versions, as well as plans with a monthly charge for unlimited, ad-free listening. Spotify charges $9.99 per month to listen to an unlimited number of songs on any device, while Pandora charges $3.99 per month for its service.
BlackBerry is downgraded to 'market perform,' and LinkedIn is initiated with a 'neutral.'
Wednesday's noteworthy upgrades include:
As the economy improves, these two companies are poised to reap the benefits -- one from the nuts-and-bolts side, the other from a financing angle.
By Mark Skousen, Forecasts & Strategies
Homebuilder stocks have made a significant turnaround in the past year, and that trend should continue.
New data show the U.S. housing market is recovering after years in the doldrums. Sales of single-family properties climbed 1.5% last month, and the March numbers contributed to the best quarter for new home sales since 2008. Housing starts rose to their highest level in five years, and while existing home sales fell last month, they're still ahead compared to a year ago. Inventories, too, have fallen to their lowest level in 20 years. Home prices are also coming back, thanks to the Federal Reserve's easy money policies.
Best way to play it? DR Horton (DHI), the country's largest residential homebuilder.
Hedge fund investor Daniel Loeb's call to spin off the entertainment businesses would be smart, but it's still no reason for others to invest now.
Even as the market rises, these names may be ripe for a pullback. What should you do?
By David Sterman
Investors who seek to hedge their portfolios by taking short positions in certain stocks have felt a huge amount of pain in recent quarters. As the S&P 500 ($INX) is on track to post its eighth straight monthly gain, the vast majority of stocks have been pushed higher, which has fueled unnerving losses for short sellers.
Faced with the prospect of yet more losses, some short sellers are simply throwing in the towel by covering their positions and moving to cash. Data released May 9 showed that in just the last two weeks of April, the short positions in Microsoft (MSFT), Micron Technology (MU), Groupon (GRPN), Comcast (CMCSA) and Nokia (NOK) fell by more than 15%. That's a huge amount of short covering in such a short amount of time.
It benefits as medical facilities outsource their costly laundry and other services.
By Benjamin Shepherd, Money & Medicine
When investors contemplate opportunities in the health care sector, the first choices that typically come to mind are sexy investments such as pharmaceutical companies making breakthroughs in treating diseases or hospitals developing ground breaking surgical procedures.
However, many unsung companies deal with the nitty-gritty of patient care and make the best investments because there's value in doing the dirty work. That's where Healthcare Services Group (HCSG) comes in.
Patients in a hospital or long-term care facility receive more than just medical attention; they require clean sheets, towels and gowns and three meals a day.
Most CEOs were too hesitant and pessimistic to ink any buyouts when they could get them on the cheap. Now the door is closing.
There should have been mergers and acquisitions. That's right, during this whole run-up, there should have been many more deals, more acquisitions to spur growth or to take market share. We can sit here and wonder why the heck there's been such a dearth of M&A since February. Or we can reach a very logical, inescapable conclusion: Most CEOs were too stupid and pessimistic to take the opportunity to do any buying.
Well, here's some real bad news. The time for transformative deals, unless we get a broad-market pullback, has probably passed. Harsh judgment?
I don't think so.
This technology company reported impressive first-quarter results and boasts improving prospects.
By Zacks Equity Research
We upgraded semiconductor wafer probe card supplier, FormFactor (FORM) on May 6 to "outperform" based on its impressive first-quarter results and improving prospects.
Why the upgrade?
The company's first-quarter 2013 loss came in at 18 cents, well below the Zacks consensus estimate of a loss of 26 cents per share. Revenues increased 10.4% sequentially and 51.2% from the year-ago quarter to $52.6 million. Over the past four quarters, FormFactor has delivered an average surprise of 27.9%.
Following the release of the first quarter results, the Zacks consensus estimate of a loss for 2013 has gone down 30.8% to 9 cents per share. Moreover, the Zacks consensus estimate for 2014 has gone from a loss of 7 cents to a profit of 8 cents, up 214.3%.
US market are set for a flat open ahead of several economic reports, including manufacturing, housing and inflation figures.
U.S. equity futures were lower in early premarket trade following a weaker than expected GDP report from the eurozone for the first quarter. GDP contracted by 0.2% on a quarterly basis, up from a 0.6% in the previous quarter, but missed forecasts of a 0.1% contraction. Weakness was notable in Germany, France and Italy, with the annualized rate of growth of Germany dropping to -1.4% vs. a 0.2% growth forecast.
In other news, the U.K. had fewer people claim unemployment benefits in April than expected, a positive sign for the labor market as the unemployment rate fell. The claimant count change in the U.K. fell by 7,300 people vs. a forecast decline of 3,000. The unemployment rate unexpectedly declined by one percentage point to 7.8%. However, most of the drop was due to people leaving the labor force.
Buyouts can be a quick path to big gains, and this company looks like a great target -- even if it's not bought out.
Buyouts can be one of the quickest ways for investors to score a big profit.
In this installment of Investor Beat: A hedge fund manager lobbies Sony to spin off its entertainment division.
What would a spin off mean for investors? In our lead story on Tuesday's Investor Beat, Motley Fool analysts Andy Cross and Jason Moser tackle that question -- and also talk about the future of Sony.
The debate on whether to separate his posts as chairman and CEO at J.P. Morgan is a distracting, unnecessary exercise.
Enough already about splitting the roles of chairman and CEO at J.P. Morgan (JPM). Let's not forget that Chairman and CEO Dimon practically created what is now the very successful and profitable J.P. Morgan, through his ingenious melding and acquisition of companies that he couldn't have pulled off had he been handicapped by the lack of power, and board support, to do so.
As both chairman and CEO, Dimon elevated J.P. Morgan to become one of the most successful global banks worldwide, and it thrived even during the worst financial crisis in U.S. history in 2009. Unlike the other major U.S. banks, JPM didn't ask for a government bailout during the financial meltdown.
Operating in 50 countries with assets of nearly $2.4 trillion, J.P. Morgan has, indeed, become a mighty prize among the nation's financial institutions -- despite all kinds of global economic and financial headwinds. So it isn't surprising that many Wall Street analysts continue to maintain a positive outlook on J.P. Morgan.
Stocks surge to new highs after a big hedge-fund manager says he's 'definitely bullish.' Plus, traders are cheered by falling government deficits.
It's the middle of May and, thanks to hedge-fund manager David Tepper, the stock market cheerfully ignored the saw "Sell in May and go away." Instead, the market jumped to new highs.
Tepper (pictured) runs Appaloosa Management in New York. He went on CNBC Tuesday morning and said he was "definitely bullish" about U.S. stocks.
Wait a minute: Isn't the economy a mess? Nope, Tepper argued, the auto industry is stronger. Housing is recovering. Jobs are starting to come back. Plus, central banks in Australia, Europe, South Korea and Japan have joined the Federal Reserve in trying to boost regional economies.
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
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[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
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