commodity
A: Cummins Inc., $205.07, symbol CMI on New York (Shares outstanding: 142.1 million; Market cap: $27.7 billion; www.cummins.com) designs, manufactures, distributes, and services diesel, natural gas, electric and hybrid powertrains, and powertrain-related components including control & fuel systems, automated transmissions, batteries, electrified power systems, hydrogen production, and fuel cell systems.
Cummins serves customers in 190 countries through 500 company-owned and independent distributors and through 9,000 dealers.
The company announced in February 2022 that it is acquiring Meritor Inc....
Cummins serves customers in 190 countries through 500 company-owned and independent distributors and through 9,000 dealers.
The company announced in February 2022 that it is acquiring Meritor Inc....
INTERNATIONAL BUSINESS MACHINES CORP., $138.25, New York symbol IBM, is a buy.
The company is one of the world’s largest computer firms, with operations in over 175 countries.
On November 3, 2021, IBM completed the spinoff of Kyndryl Holdings Inc....
The company is one of the world’s largest computer firms, with operations in over 175 countries.
On November 3, 2021, IBM completed the spinoff of Kyndryl Holdings Inc....
Long-time readers know that we are constantly reevaluating our stock picks. Here are two stocks that have only limited growth prospects for the foreseeable future. We now see them both as sells.
WW INTERNATIONAL, $10.45 (Nasdaq symbol WW; TSINetwork Rating: Extra Risk) (www.ww.com; Shares outstanding: 70.1 million; Market cap: $742.2 million; No dividends paid), needs to keep attracting younger consumers with digital offerings and apps to restore its growth....
This is the time in each calendar quarter when we usually devote this spot in our Inner Circle to our latest letter to Portfolio-Management clients. However, recent events call for a change in our routine. In particular, before we get into the client letter, I want to address an issue that is showing up a lot in the media, in questions from our clients and readers, and in my own mind:
To get started, I’m going to ask readers a question: Do these lyrics sound familiar?
“In 1814, we took a little trip
Along with Colonel Jackson down the mighty Mississip’
We took a little bacon and we took a little beans
And we caught the bloody British in the town of New Orleans
We fired our guns and the British kep’ a-comin’
There wasn’ nigh as many as there was a while ago
We fired once more and they began to runnin’
way down the Mississippi to the Gulf of Mexico
We looked down the river
And we see’d the British come
And there must have been a hundred of ‘em
Beatin’ on the drums
They stepped so high and they made their bugles ring
We hid behind our cotton bales and didn’t say a thing
We fired our guns and the British kept a-comin’
There wasn’ nigh as many as there was a while ago
We fired once more and they began to runnin’
On down the Mississippi to the Gulf of Mexico
Old Hickory said we could take ‘em by surprise
If we didn’t fire our muskets
‘Til we looked ‘em in the eye
We held our fire
‘Til we see’d their faces well
Then we opened up our squirrel guns
And really gave ‘em, well….we…
… fired our guns and the British kept a-comin’
There wasn’ nigh as many as there was a while ago
We fired once more and they began a’runnin’
On down the Mississippi to the Gulf of Mexico
Yeah, they ran through the briars
And they ran through the brambles
And they ran through the bushes
Where a rabbit couldn’t go
They ran so fast
That the hounds couldn’t catch ‘em
On down the Mississippi to the Gulf of Mexico
—from “The Battle of New Orleans,” by Johnny Horton, 1958
I don’t offer the following as an exhaustive or scholarly analysis by any means....
- What should investors do about Russia’s invasion of Ukraine?
- Do we need to worry that the conflict can explode into World War III?
- How should investors react—if at all—to Vladimir Putin’s veiled threats to bring nuclear weapons into the battlefield?
To get started, I’m going to ask readers a question: Do these lyrics sound familiar?
“In 1814, we took a little trip
Along with Colonel Jackson down the mighty Mississip’
We took a little bacon and we took a little beans
And we caught the bloody British in the town of New Orleans
We fired our guns and the British kep’ a-comin’
There wasn’ nigh as many as there was a while ago
We fired once more and they began to runnin’
way down the Mississippi to the Gulf of Mexico
We looked down the river
And we see’d the British come
And there must have been a hundred of ‘em
Beatin’ on the drums
They stepped so high and they made their bugles ring
We hid behind our cotton bales and didn’t say a thing
We fired our guns and the British kept a-comin’
There wasn’ nigh as many as there was a while ago
We fired once more and they began to runnin’
On down the Mississippi to the Gulf of Mexico
Old Hickory said we could take ‘em by surprise
If we didn’t fire our muskets
‘Til we looked ‘em in the eye
We held our fire
‘Til we see’d their faces well
Then we opened up our squirrel guns
And really gave ‘em, well….we…
… fired our guns and the British kept a-comin’
There wasn’ nigh as many as there was a while ago
We fired once more and they began a’runnin’
On down the Mississippi to the Gulf of Mexico
Yeah, they ran through the briars
And they ran through the brambles
And they ran through the bushes
Where a rabbit couldn’t go
They ran so fast
That the hounds couldn’t catch ‘em
On down the Mississippi to the Gulf of Mexico
—from “The Battle of New Orleans,” by Johnny Horton, 1958
I don’t offer the following as an exhaustive or scholarly analysis by any means....
A: WisdomTree China ex-State-Owned Enterprises Fund, $38.77, symbol CXSE on New York (Units outstanding: 20.4 million; Market cap: $791.9 million; www.wisdomtree.com), aims to track the investment results of Chinese companies that are not state-owned enterprises.
This has some appeal for casual dabblers in the Chinese stock market....
This has some appeal for casual dabblers in the Chinese stock market....
Secular trends are changes in the economy, business and social worlds that gain strength over long periods and last a long, long time—many years, if not decades. Often, they last through several market downturns. However, there is no clear, generally accepted definition of a secular trend.
One of the most dangerous traps you can fall into as an investor is to make up your mind so firmly about an investment that you assume it is part of a secular trend and refuse to reconsider the idea....
One of the most dangerous traps you can fall into as an investor is to make up your mind so firmly about an investment that you assume it is part of a secular trend and refuse to reconsider the idea....
STARBUCKS CORP., $81.52, Nasdaq symbol SBUX, is still a buy for aggressive investors.
The company is a leading seller and roaster of specialty coffee. It has over 34,000 outlets in 80 countries. Licensees operate about half of those stores.
The stock fell 7% this week after interim CEO and company founder Howard Schultz announced the company would immediately suspend its share buyback plan.
In its fiscal 2022 first quarter, ended January 2, 2022, Starbucks repurchased 31.1 million of its shares for a total cost of $3.52 billion....
The company is a leading seller and roaster of specialty coffee. It has over 34,000 outlets in 80 countries. Licensees operate about half of those stores.
The stock fell 7% this week after interim CEO and company founder Howard Schultz announced the company would immediately suspend its share buyback plan.
In its fiscal 2022 first quarter, ended January 2, 2022, Starbucks repurchased 31.1 million of its shares for a total cost of $3.52 billion....
Despite the significant long-term growth potential in food demand, the prices of agricultural commodities are volatile, and as a group performed poorly over the past 15 years. Still, many of the larger companies involved in the industry have done well and outperformed the S&P 500 since 2007.
Investors should note the high level of volatility and risk involved with both agriculture commodities and the shares of producers....
Investors should note the high level of volatility and risk involved with both agriculture commodities and the shares of producers....
Sociedad Quimica Y Minera(SQM) is currently the largest holding in the iShares MSCI Chile ETF, making up a big 26% of its total assets. The company is a major global producer of lithium, iodine, and fertilizers.
SQM’s share price tends to follow a cyclical pattern over time as the prices of its main products fluctuate....
SQM’s share price tends to follow a cyclical pattern over time as the prices of its main products fluctuate....
After a strong 2021 fourth quarter, the Chilean economy has likely slowed this year, amid higher inflation and interest rates. Meanwhile, the country faces challenges: the possibility of new COVID-19 variants, higher energy prices pushed up further by the conflict in Ukraine, and uncertainties around the recent election of left-wing candidate Gabriel Boric as president....