Lorne Steinberg and his team say they’re “stubbornly focused on only buying quality businesses whose prices are compellingly cheap.” Capital preservation, downside protection, and a lower risk framework are also important in Lorne Steinberg Wealth Management’s investment approach for clients. This value-based style sure worked in the last year with Steinberg’s Global Value Fund up a sturdy 28 per cent, as of the end of April. Here, Steinberg, President & Portfolio Manager at the firm, provides investors with a global and eclectic list of his top stock ideas.
One would think with a market value of nearly $1.9 trillion that it would be difficult for Microsoft to meaningfully move the needle on growth. After all, aren’t we told there’s a law of diminishing returns the bigger a company gets? But the massive software company appears immune to that kind of rule as the sheer global reach and heft provided by its powerful suite of products could see the stock improve by as much as 50 per cent over the next five years, not including the nearly 1 per cent dividend yield. That’s steady, predictable growth not to be sneezed at. Here are excerpts from a Barron’s article quoting an analyst who calls Microsoft, “The most import software company on the planet.”
The sharp downturn for stocks recently has been uncomfortable for a lot of investors. But is it the beginning of the end or a short-term capitulation and reset in the ongoing bull market? Thomas Lee believes it’s the latter. The Founder of Fundstrat Global Advisors has identified a couple of “panic events” that on the surface appear negative but are actually positive and could mean stocks in general will be higher six months from now. Here are excerpts from a recent piece by MarketWatch about Lee’s views.
Mark Bunting talks with Frank Holmes, interim CEO and Executive Chairman of HIVE Blockchain Technologies (TSXV:HIVE), in a wide-ranging discussion for Green Shoe Media Group, about:
– Ethereum and decentralized finance
– Hive’s $25 million deal with DeFi (NEO:DEFI)
– Hive’s low cost, renewable power-based operations in Canada, Sweden and Iceland
– The Bitcoin energy consumption myth
– Expectations for “spectacular” current quarter earnings results
– Equipment and the chip shortage
– Competition from crypto ETFs
– The possibility of a NASDAQ listing
– Developments and milestones investors can expect
Benj Gallander surprises himself when he realizes he’s been investing for about 45 years. Over that time, he’s read and read some more, learned, made mistakes, started an investment newsletter, and developed a contrarian investing style that has propelled him to an annualized 18.1 per cent return over the last 20 years. How does he do it? What advice does he have for other investors. And what gnaws at him about the huge downturn in the stock market last year? Find out from the King of Contrarians.
You’ve heard of 30 for 30. The highly-regarded ESPN documentary series that was started to commemorate the sports network’s 30th birthday but proved so successful ESPN kept on making the documentaries. Well, how about 30 for ’23. Not the same ring, I know. But that’s what Morgan Stanley’s US Equity Strategy team has come up with. 30 stocks to consider owning through 2023 (see full list below). We’ve pared it down to the hi-lights and a more manageable five for ’23 based on a few factors such as the highest estimated growth rates, profit margins and price appreciation. Consider these stocks which could fare quite well through 2023.
Uncommon Sense Investor visitors continue to discover this article from deep in our archive. So, like a vintage song, we’re reposting it to our front page: Unless you’re a trader, the advice to investors from portfolio managers worth their salt is to own well-managed, dependable, market-leading companies that people touch every day, and to own them for the long haul. So what do you want to own from now until at least 2025? We ask because RBC Capital Markets Global Equity Research team has put together an exhaustive report entitled Imagine 2025: Themes, Opportunities and the “Law of Accelerating Returns”. We’ve plucked some key commentary, a list of 70 stocks from seven sectors, a sub-list of 10 stocks, and a few intriguing charts.
We’ve been talking about a bubble or bubbles for months now. And discussing certain stock market metrics being at extreme levels by historical standards as many continue to compare conditions to the Dotcom Mania in 1999 and 2000, or worse, 1929. Some argue that while there are and have been isolated bubbles – cryptocurrency, SPACs, big tech – there’s no one stock market bubble. Nothing a healthy pullback wouldn’t help, and that stocks, thanks to a bevy of tailwinds, can roar higher through this decade. But Jesse Felder is in the camp that Fed Chair Jay Powell has helped to blow the biggest bubble in history. Here are excerpts from an article by the Founder, Editor, and Publisher of the Felder Report, entitled Take a Bow, Jay Pow!
This is the latest in a series of ongoing stories about what many smart investors believe is a coming melt up in the stock market. There are those who are eager to participate because big money can be made. And there are others who want no part of it. Here are excerpts of an article from Enrique Abeyta of Empire Financial Research.
Benj Gallander was a popular fixture on business television for more than 15 years, until he wasn’t. The Co-Founder and President of Contra the Heard Investment Letter was told about a year ago by Canada’s only business network they were no longer allowing newsletter writers to be guests on their flagship show. You will miss Gallander’s contrarian insights and stock picks no more as we present three of his top stock ideas.
Canaccord Genuity believes stock prices move in four-year cycles. Their stock charts that go back decades make a compelling argument. Javed Mirza, technical analyst at the firm, has updated his 2021 Outlook report from earlier in the year. He thinks the S&P 500 can continue to move higher in the remaining portion of the first half of 2021, but in the second half, and into 2022, a four-year cycle reset will kick in, and investors would be wise to take shelter for a while in more defensive stocks. But Mirza also believes a secular bull market will remain intact and could run into 2030.
Okay, class. Please be seated and listen up. Doug Kass, president of Seabreeze Partners Management, is a highly-regarded investor, and a long-time contributor to Barron’s. He’s assembled his 50 Laws of Investing based on his experience and is passing them along to investors free of charge. Read them, consider them, reread them, and apply what makes sense for you into your investing regime.
Seven of the largest public companies released quarterly earnings results over the past several days. The verdict? Boffo. Crushed it. Out of the park. These seven, large, international behemoths are all operating and executing at a very impressive rate, during a global pandemic, and proving their valuations, which many perceive to be rich, are justified.
Get invaluable insight from the Davis Rea Investment Counsel investment team on the stock market, household spending, inflation, bonds, technology stocks and regulation, and the one thing investors are not focused on but should be. This is Davis Rea’s Q1 conference call for clients available here completely free. Find out how these issues may impact your portfolio.
Som Seif gets to the heart of the problem Bitcoin advocates face in trying to get the original crypto to be taken seriously as an actual currency. The Founder & CEO of Purpose Investments explains why that debate is irrelevant. Seif also details why Ethereum’s burgeoning decentralized ecosystem is where the real excitement is as more than a quarter million developers create a myriad of useful applications for the blockchain platform. From financial services exchanges to digital art, and games.
The concept the 2020s could rhyme with the roaring 1920s in terms of economic growth and a stock market frenzy is not a new one. We posted an article last August to that effect based on research from Ed Yardeni of Yardeni Research. He argues while there are, of course, many differences between decades 100 years apart, there are some parallels – such as massive technological change – that could propel stocks much higher. But Neil Howe, Demography Analyst at Hedgeye, is here to completely shoot down that idea. The main reason is those darn millennials, and Howe provides some charts to back up his thesis.
Some investors flail around for years making the same mistakes. But following a few simple concepts can make investing, which is never easy, easier. Zach Curry learned some investment lessons from his father, and picked up a few more over the years, that he practices daily as President & Portfolio Manager at Davis Rea Investment Counsel. Here are Curry’s three simple investment concepts that can help you become a smarter investor…
Impossible, you say? Well, yes of course it’s impossible to pack the entire roughly 13-year history of cryptocurrency into two minutes. But this is a broad overview of crypto’s humble beginnings starting with the Satoshi Nakamoto white paper to the global phenomenon crypto has become today.
Purpose Investments has achieved a couple of firsts the last while. It launched the world’s first Bitcoin ETF in late February, and recently became one of three firms to bring Ether ETFs to investors. Som Seif, founder & CEO, Purpose Investments, was a cryptocurrency sceptic until he did a deep dive into the technology behind it. Here he explains Bitcoin’s big problem in becoming an actual currency, and why he’s so excited by the future of Ethereum.
Bitcoin gets the headlines but Ethereum has doubled the original cryptocurrency’s performance the last year with a gain of about 1500 per cent. Beyond that, while Bitcoin is now seen as a speculative asset and possibly a store of value, Ethereum’s blockchain ecosystem has more than a quarter million developers creating all sorts of applications for its decentralized platform. Brian Mosoff, CEO, Ether Capital, is very good at explaining the differences between Bitcoin and Ethereum, and how Ethereum could become the third major iteration of the Web following the internet and social media.
Voyager Digital has seen explosive growth the last six months or so as the cryptocurrency broker rides the wave of intense investor interest and its own marketing efforts. Stephen Ehrlich, CEO, Voyager Digital, saw a similar boom in the late 1990s with online discount brokerages when he was at ETrade. In the wake of the much larger crypto exchange Coinbase going public, how long is it before we see consolidation in the sector and only a few players remain?
Hut 8 Mining bills itself as the oldest cryptocurrency miner in the western hemisphere. The company also owns the most Bitcoin and has the most computational power, or hash rate, of any of its main rivals. But while the stock has done well lately, it’s underperformed competitors. Jaime Leverton, CEO of Hut 8, explains the company’s business model and the challenges in the sector.
A lot of companies aim to be the Apple of this or the Shopify of that. TAAL Distributed Information Technologies wants to become the Amazon Web Services of enterprise blockchain. Chris Naprawa, President of TAAL, explains why that goal is more than just a marketing slogan.
Peter Berezin has released his latest research report chock full of interesting observations and instructive charts. The Chief Global Strategist of BCA Research focuses on what he sees as global growth momentum shifting from the U.S. to the rest of the world. Berezin keys in on the weakening U.S. dollar, the strength of other currencies, and where the equity investment opportunities are. We’ve plucked the hi-lights and a couple of charts to give you some flavour from this report.
John O’Connell and I enjoyed hosting the Uncommon Sense Investor live Crypto Show. Everyone learned more from our guests about their companies, cryptocurrency and blockchain, and investment opportunities in the sector. Watch the replay here.
We’re gearing up for our live Crypto Show this Wednesday, April, 21 at 2pm EST. We’ll be examining investment opportunities in cryptocurrency and blockchain with five prominent executives from five companies in various areas of the sector. Click here to see the guest list and to register for free. To whet your appetite, we’ve assembled some of the best crypto and blockchain articles from this dynamic and hotly debated sector. That’s followed by our usual weekly lineup of the best stock market-related reads of the week.