According to the latest 13F SEC filing of Bruce Berkowitz’s fund, Fairholme (Fairx), American International Group Inc (NYSE:AIG), Bank of America Corp (NYSE:BAC), and Sears Holdings Corp (NASDAQ:SHLD) are the top three share holdings of the company. The fund has a 13F portfolio of $9.9 billion with 1% increase in the quarter. (You can see complete list…
The Blackstone Group LP (BX) Hire First Traders for Their New Big Bet Hedge Fund
The Blackstone Group LP (NYSE:BX) is all set to start is new “big bet” hedge fund, Blackstone Senfina Advisors, and has the first traders for it. Blackstone is in the process to create a multi-strategy hedge fund and manage it with separate teams of traders dealing in millions of dollars. As per the sources, The…
AbbVie Inc (ABBV), Medtronic, Inc. (MDT) and Union Pacific Corporation (UNP): Analysts Are Bullish About These Stocks
According to the recent study by Bespoke Investment Group, analysts are bullish about 13 stocks on which higher than 70% of the analyts have buy ratings in the Standard & Poor’s 500. Three of these stocks are AbbVie Inc (NYSE:ABBV), Medtronic, Inc. (NYSE:MDT) and Union Pacific Corporation (NYSE:UNP). AbbVie Inc (NYSE:ABBV) is one of the…
Macy’s, Inc. (M), Western Digital Corp (WDC) and Harman International Industries Inc./DE/ (HAR) Are The Top Stocks With The Highest Buy Ratings Of Analysts
If you are looking for stocks to invest your money into, Harman International Industries Inc./DE/ (NYSE:HAR), Macy’s, Inc. (NYSE:M), and Western Digital Corp (NASDAQ:WDC) might just be the right candidate for your portfolio. All three of these stocks have more than 70% analysts in their favor with a “Buy” rating, as per the Bespoke Investment…
Celgene Corporation (CELG), Lam Research Corporation (LRCX), Altera Corporation (ALTR), and VMware, Inc. (VMW) Might Have Problems With Tax Authorities
Last thing that any company would want is to get under the radar of the Internal Revenue Service but according to a report filed by Gradient Analytics, some companies are indulged into desperate and somewhat alarming efforts to cut their taxes. According to a research carried out by Nicholas Yee, six companies including Celgene Corporation…
Cramer’s Favorite High Dividend Stock Picks: Energy Transfer Partners (ETP), Kinder Morgan Energy Part (KMP), RR Donnelley (RRD),and Stonemor Partners (STON)
Last month on his Mad Money TV show, Jim Cramer recommended over 118 companies for the investors. Some of top dividend yielding companies in his list include Energy Transfer Partners LP (NYSE:ETP), Kinder Morgan Energy Partners LP (NYSE:KMP), RR Donnelley & Sons Co (NASDAQ:RRD), and StoneMor Partners L.P. (NYSE:STON). The most significant thing about these…
Salesforce.com, inc. (CRM) and GameStop Corp. (GME) Moving High with the Increasing Demand Of Microsoft Corporation (MSFT) and Sony Corp (ADR) (SNE)
Tech Stocks ended the week with mild gains, primarily led by Salesforce.com, inc. (NYSE:CRM) and the videogame company, GameStop Corp. (NYSE:GME). Both the companies received excellent response from the investors after beating their second quarter expectations. Other primary companies contributing towards the upward industry momentum include Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL), and Yahoo! Inc.…
Cramer’s Overview on Bank of America Corp (BAC)
After years of fighting law-suits in court with Department of Justice, Bank of America Corp (NYSE:BAC) finally got rid of its long-standing burden by agreeing to pay almost $17 billion to federal authorities. The exact figure being $16.65 billion, it is the largest amount to be paid towards settlement of dispute by any single organization.…
Bank of America Corp (BAC) Announced Settlements Of $16.65 Billion For Mortgage Securities Related Lawsuits
Bank of America Corp (NYSE:BAC) has cleared a huge cloud of financial stress and bag mortgages with a settlement of $16.65 billion announced on August 21, 2014. The settlement includes Bank of America Corp (NYSE:BAC), the U.S. Department of Justice, six states, and several federal agencies. According to the news release by Bank of America…
Google Inc (GOOGL), Verizon Communications Inc. (VZ), The Home Depot, Inc. (HD) – Jim Cramer’s Favorite Large Cap Stock Picks Of The Week
Jim Cramer had 30 buy recommendations between August 18-20,2014. The largest-cap stocks of the week were Google Inc (NASDAQ:GOOGL), Verizon Communications Inc. (NYSE:VZ), BHP Billiton Limited (ADR) (NYSE:BHP), PepsiCo, Inc. (NYSE:PEP) and The Home Depot, Inc. (NYSE:HD). Jim Cramer has been a long-time fan of Google Inc (NASDAQ:GOOGL) since it went public in 2004. The company had…