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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • Barron’s Summary 1/23/11 0 comments
    Jan 24, 2011 11:25 AM | about stocks: AAPL, ARMH, ASML, BRK, CAT
     
    • BRK – pos. Barron’s cover story on Berkshire – the co has never been in better financial shape and could have close to $50B in cash by year-end; the firm may even start paying a dividend if it is unable to find another “elephant”-sized acquisition like BNI.  The stock is reasonably priced and could hit new all time highs of >$150K/shr within the next 12 months.  Fundamentals are strong and the BNI deal looks like it was one of Buffett’s best.
    • NVDA – pos comments – the stock could double from current levels due to strong demand for its core graphics chips and its new Tegra processor; INTC’s new Sandy Bridge combination CPU/GPU won’t mean much competition for NVDA’s discrete chips
    • Buybacks – don’t actually provide much benefit to investors beyond a brief pop in the stock
    • CRM – neg. comments based on the co’s valuation.  Competition also is rising.  Fred Hickey is neg. on the stock.
    • Credit Suisse in March will launch what it calls the Light Pool, a trading venue for mutual funds and institutional investors that purposely puts high-frequency traders at a disadvantage
    • Volatility could spike – Barron’s says risk premiums are currently too low given the “cross-currents roiling the surface of the stock market”
    • AAPL, GOOG – both stocks seem tired lately, but investors should stick with them as each has excellent fundamentals and strong balance sheets
    • ASML – pos. comments; will benefit from current tablet war
    • ARMH – neg. comments on the stock; largely focused on valuation
    • Munis – “savvy” cross-over buyers have stepped in, finding risk/reward compelling at current levels
    • Barron’s round table – Zulauf – pos on VIX futures, Uranium Participation; neg on Italian gov’t bonds and European banks.
    • Barron’s round table – MacAllaster – pos. on MFC, HIG (recommends buying the HIG TARP warrants), WFC, MET, DAL, and AWH.
    • Barron’s round table – Gross – pos. on PTY; also likes NLY.
    • Barron’s round table – Hickey – pos. on PHYS, AUY, NEM, EBAY, and MSFT; says sold out of Apple long after Jobs news; also likes Canadian gov’t bonds.  Says tough to short so long as Fed liquidity rush remains in full swing.
    • APTG – Barron’s was positive on the stock, citing sum of the parts based on its proven reserves.
    • ITT – Barron’s was positive on the stock, saying there is still more upside in shares following the announcement of spin-offs.
    • CAT – Barron’s was positive on the stock, saying emerging market sales and the depreciation tax credit should drive demand in 2011.
    • PCS: Mentioned positively, saying the stock could appreciate 20% during the next year. The article mentioned that weather in late December was likely a factor in the company’s Q4 subscriber numbers.
    •  
     


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Stocks: AAPL, ARMH, ASML, BRK, CAT
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