Stock Market & Financial Investment News

News Breaks July 8, 2012 14:04 EDT AAPL, JPM, GOOG, GS, SNI, BDN, CAT, CAB, MA, BH, BRK.A Investor Mark Mulholland invests as the New Testament instructs, Barron's says Matthew 25 (MXXVX), is a $124M equity mutual fund that has trounced the S&P's 500 over one, three, five, 10, and 15 years ended June 29. Manager Mark Mulholland, who launched the Jenkintown, Pa.-based fund in 1996, has achieved such heavenly results by buying stocks that trade below his estimate of fair value, and holding them over long periods as that value grows. A devout Catholic, Mulholland, named his fund for a passage in the New Testament Matthew 25:14-30 instructing followers to invest what they have been given. The fund owns only 22 stocks, with an average market capitalization of $28B, but 6 of its holdings are mid-caps and 2 are small-caps. The largest holding, Apple (AAPL), accounts for 17.6% of assets. The smallest, Biglari Holdings (BH) has a market capitalization of $550M. Other holdings include: Cabela's (CAB), MasterCard (MA), Caterpillar (CAT), Brandywine Realty Tr. (BDN), Scripps Networks (SNI), Goldman Sachs (GS), Google (GOOG), JPMorgan Chase (JPM) and Berkshire Hathaway (BRK.A). Mulholland sees little value in bonds, but considers the S&P 500 cheap at 13x his 2012 earnings estimate of $104.54. The market would be fairly priced at 15x-17x earnings, he says. That leaves a lot of upside for Matthew 25. Reference Link News For A From The Last 14 Days Check below for free stories on A the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 20, 2013 12:20 EDT A Options with decreasing implied volatility: RFMD TTWO LO DDS A May 17, 2013 11:59 EDT A Options with decreasing implied volatility: ILMN LO A HES INFY CSCO May 16, 2013 11:33 EDT A Options with decreasing implied volatility: PANL CSC FTK A NVDA Subscribe for More Information May 15, 2013 11:42 EDT A High option volume stocks: WWAV VIPS SIAL AINV A May 14, 2013 16:26 EDT A Agilent CEO sees 2H13 macroeconomic environment "challenging" Subscribe for More Information 16:12 EDT A Agilent raises stock repurchase program to $1B Subscribe for More Information 16:11 EDT A Agilent announces restructuring program, will reduce headcount by about 450 Agilent announced that it has initiated a targeted restructuring program that is expected to reduce Agilent's total headcount by approximately 450 regular employees, representing approximately 2% of its global workforce. The timing and scope of workforce reductions will vary based on local legal requirements. When completed, the restructuring program is expected to result in an approximately $50M reduction in annual operating expenses. 16:09 EDT A Agilent sees FY13 adjusted EPS $2.70-$2.85, consensus $2.88 Subscribe for More Information 16:08 EDT A Agilent sees Q3 adjusted EPS 60c-64c, consensus 74c Subscribe for More Information 16:07 EDT A Agilent raises stock repurchase program to $1B Subscribe for More Information 16:07 EDT A Agilent reports Q2 adjusted EPS 77c, consensus 67c Reports Q2 revenue $1.73B, consensus $1.74B. 15:30 EDT A Notable companies reporting after market close Subscribe for More Information May 13, 2013 15:21 EDT A Agilent May volatility elevated flat into Q2 and outlook Agilent December May call option implied volatility is at 67, June is at 32, August is at 29; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on May 14. Sign up for a free trial to see the rest of the stories you've been missing.