Apr 7, 2016 by Alex Dumortier, CFAOn Size, JPMorgan Chase CEO Jamie Dimon Is Plain WrongYou can listen to JPMorgan Chase CEO Jamie Dimon when it comes to the business of banking, but take his views on banking regulation with a whale-sized pinch of salt.
Apr 6, 2016 by Alex Dumortier, CFAThe Pfizer-Allergan Deal Just Collapsed on Pfizer CEO Ian Read's CareerPfizer shareholders must evaluate the collapse of the Pfizer-Allergan deal with regard to the tenure of CEO Ian Read.
Apr 5, 2016 by Alex Dumortier, CFAThe Numbers Are In: Actively Managed Mutual Funds Are a Dodo Waiting for ExtinctionThe first quarter was an unmitigated disaster for active fund managers, and the long-term performance numbers tell the same story.
Apr 4, 2016 by Alex Dumortier, CFAIs the S&P 500's Dividend Train Running Out of Steam?The S&P 500's dividends per share have declined quarter over quarter for the first time in two years.
Apr 1, 2016 by Alex Dumortier, CFAFollowing a First-Quarter Rout, European Banks Look Value-RipeEuropean banks were the worst-performing asset class in the first quarter. That's a good reason to take a look at them.
Mar 31, 2016 by Alex Dumortier, CFAHere's Why Investors Should Ignore the First Quarter's Performance FiguresGold and equities exhibited reversals in their price momentum in the first quarter, proving that focusing on short-term performance is futile.
Mar 30, 2016 by Alex Dumortier, CFA1 Milestone for Equity Traders, 1 for InvestorsThe VIX Volatility Index falls to a new low for 2016; meanwhile, labor scores a victory over capital -- is it the start of a broad trend?
Mar 29, 2016 by Alex Dumortier, CFAThe Lesson of Theranos and Valeant: You're Investing in a Business, Not PrestigeAssociations with prestigious organizations or figures are nice, but the stories of Valeant Pharmaceuticals International and Theranos prove they aren't enough -- investors must dig deeper.
Mar 28, 2016 by Alex Dumortier, CFABerkshire Hathaway Likes Wells Fargo, UBS Likes Berkshire Wells Fargo has been one of Warren Buffett's best stock picks on behalf of Berkshire Hathaway, but UBS doesn't think his stock-picking ability is required for Berkshire to outperform.
Mar 24, 2016 by Alex Dumortier, CFAThe Valeant Debacle Claims Another HeadBob Goldfarb of Ruane, Cunniff & Goldfarb -- a company once linked to Warren Buffett -- steps down as the Valeant Pharmaceuticals debacle rolls on.
Mar 23, 2016 by Alex Dumortier, CFAIs It Time for Citigroup to Make a Break?Keefe, Bruyette & Woods calls for a breakup of Citigroup Inc., and the numbers justify it.
Mar 22, 2016 by Alex Dumortier, CFAThis S&P 500 "Profits Gap" Is a Warning to Stock Market InvestorsThe gap between companies' adjusted earnings and earnings based on GAAP is at a worrying level.
Mar 21, 2016 by Alex Dumortier, CFAMonday's Movers: Markit Merges, Valeant Re-shufflesFinancial data provider Markit is merging with IHS; meanwhile, Valeant Pharmaceuticals International turns over a new leaf.
Mar 18, 2016 by Alex Dumortier, CFAFriday's Market: Gold Is Winning; Bank of America Pays It Back The "fear trade" in gold has been a winner; Bank of America ups its buyback authorization.
Mar 17, 2016 by Alex Dumortier, CFAThe 6 Numbers Every Mutual Fund Investor Needs to SeeOver the long term, most mutual funds fail to deliver on their mandate to beat their benchmark index.
Mar 14, 2016 by Alex Dumortier, CFASteel Producers: The Pressure to Merge Is RisingThe global steel market is a long way from a recovery, and that means steel producers have a big incentive to get bigger.
Mar 11, 2016 by Alex Dumortier, CFAThink Oil Has Already Bottomed? Think Again Oil and gas shares and oil prices don't bottom simultaneously; the recent rally in the price of oil may be premature.
Mar 10, 2016 by Alex Dumortier, CFAThe 1 Graph Coca-Cola Doesn't Want You to SeeThe beverage colossus faces a stiff secular headwind as consumers and public authorities are increasingly concerned about the health effects of sugary soft drinks.
Mar 9, 2016 by Alex Dumortier, CFAU.S. Stocks: Valeant's Clock Is Running, Google Leaps ForwardValeant Pharmaceuticals takes another activist investor onboard, and Google parent Alphabet records a historic milestone for its push into artificial intelligence.
Mar 8, 2016 by Alex Dumortier, CFAIt's Alive! Negative Interest Rates Turn RogueAs the U.S. economy diverges from those of Japan and the eurozone, negative interest rates reveal a dark side.