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[ October 1, 2014 | Author: admin | Views: 18585 | Weather: | Mood: normal]

Vanguard announced Tuesday that Mitch Milias, 71, a portfolio manager with the $34.6 billion Vanguard Primecap Fund (VPMCX) and co-founder of Primecap Management Co., will relinquish his portfolio management responsibilities at the end of 2013. Milias is also giving up management of the $5.6 billion Vanguard Primecap Core Fund and the $554 million Vanguard Variable Insurance Fund’s Capital Growth Portfolio. The co-founder and chairman of Primecap Management, Milias will remain with the firm in a management and client relationship role. He has been a manager of Primecap Fund since 2002 and Primecap Core Fund since its inception in 2004. The portions of the funds now managed by Milias will be allocated to the funds’ co-managers at Primecap Management, Joel Fried, Theo Kolokotrones, Alfred Mordecai and M. Mohsin Ansari, with 100 years of combined investment management experience. A portion also will be allocated to analysts in the firm’s research department. “I … Continue reading

[ October 1, 2014 | Author: admin | Views: 50761 | Weather: | Mood: normal]

U.S. crude oil refiners stocks are surging Friday following the release of the International Energy Agencys (IEA) October Oil Market Report. U.S. refinery throughput in September led to the agency to increase its forecast of global refinery production by 100,000 barrels a day to 77.3 million barrels a day. Throughput rose by 1.2 million barrels a day year-over-year despite a drop of 700,000 barrels a day at European refiners. U.S. exports of refined products such as gasoline and diesel fuel totaled 3.37 million barrels a day in the first week of October, more than 500,000 barrels a day more than in the same week a year ago and nearly 900,000 barrels a day more than the first week of October 2011. Booming crude oil production from the Bakken play in North Dakota and the Eagle Ford and Permian Basin plays in Texas is giving refiners a very strong position regarding … Continue reading

[ October 1, 2014 | Author: admin | Views: 76403 | Weather: | Mood: normal]

Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener. NEW YORK (TheStreet) — Where can investors find the best growth stocks? All over place, if you know where to look, Jim Cramer said on “Mad Money” Tuesday. In the biotech space, Cramer called out Regeneron (REGN) as one such stock — it has growth today and, thanks to a robust pipeline of new drugs, for many years to come. The oil patch is littered with high-growth stocks, including EOG Resources (EOG), Cramer continued. Restaurants Red Robin Gourmet Burgers (RRGB) and Starbucks (SBUX) both have growth, as do retailers Michael Kors (KORS), which delivered a 49% increase in profits and a 23% increase in sales this quarter. Cramer said just about any stock that deals with mobile, social media or the cloud is growing like gangbusters — which leads right to this week’s Twitter IPO. Just … Continue reading

[ October 1, 2014 | Author: admin | Views: 24282 | Weather: | Mood: normal]

The New York Times called it a "moment of reckoning." Widely followed commodities trader Dennis Gartman in a note to his clients wrote that he's "never…ever…EVER" seen anything quite like it. The references, of course, are to March 15's collapse in the price of gold, the largest single-day percentage drop in 30 years, capping a two-day decline of 13%. The selling was triggered in part by worries that Cyprus and possibly other European nations might have to dump their gold holdings to raise funds or satisfy bailout requirements. Also, after acting as a commodities tailwind for much of the past two years, the Fed's quantitative easing program looks to be winding down, which would relax inflationary pressure. Suddenly, the "safest" investment no longer seemed so safe. In fact, there's a good chance that gold's 12-year streak of uninterrupted gains will come to an end this year. Top Safest Companies To … Continue reading

[ October 1, 2014 | Author: admin | Views: 13869 | Weather: | Mood: normal]

The financial papers and media have been a lot of fun this weekend. There are dire warnings about the stock market and lively discussions about the carnage in the markets. As I pointed out last week, there are indeed a lot of a caution signs flashing in the markets with indicators like the Value Line Median Appreciation potential reading the level of market cap to GDP ratio indicating a somewhat overheated market. However, it is a bit early for talk of carnage in the stock market. Last week was rough, with two triple-digit declines, but weve hardly reached the point where we can talk about the blood in the streets. We are still only about 3% off of all-time highs, and the market is not yet awash in bargain issues like it was back in 2008. Top 5 Financial Stocks To Watch Right Now: Eaton Vance Tax-Managed Global Diversified Equity … Continue reading