The world's biggest company is getting bigger… Apple (AAPL) is up 18.4% since the beginning of 2017. To put that another way… Apple has added $98 billion in market cap in less than two months. That's the equivalent of adding the entire combined value of Ford Motor and FedEx in just eight weeks. This has sent Apple into a serious uptrend… But the rally may have gone too far, too fast. You see, Apple recently hit its highest overbought level in history. And that means we could see double-digit losses over the next year. Let me explain… We always like to buy ignored investments… things no one else is interested in owning. Instead of following the hot trends, we make contrarian bets. That's how we pocket our largest gains. Buying Apple is not a contrarian bet right now… It's the exact opposite.
good stocks: CVS Health Corporation(CVS)
- [By Shah Gilani]
Hedge funds and institutional trading desks make huge bets on mergers and acquisitions, much like the pending $69 billion proposed buyout of Aetna Inc. (NYSE:AET) by CVS Health Corp. (NYSE: CVS).
- [By WWW.GURUFOCUS.COM]
For the details of Focused Investors LLC’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Focused+Investors+LLC
These are the top 5 holdings of Focused Investors LLCZimmer Biomet Holdings Inc (ZBH) – 1,433,300 shares, 6.32% of the total portfolio. Shares added by 23.22%CVS Health Corp (CVS) – 2,120,700 shares, 6.01% of the total portfolio. Shares added by 19.73%Johnson & Johnson (JNJ) – 1,285,900 shares, 5.78% of the total portfolio. Shares reduced by 0.67%American Express Co (AXP) – 1,990,300 shares, 5.68% of the total portfolio. Shares reduced by 0.33%Anthem Inc (ANTM) – 944,800 shares, 5.64% of the total portfolio. Sh
- [By Casey Wilson]
Investors are already seeing the writing on the wall. Shares of potential rivals in the retail pharmacy space were spooked by the news on Wednesday (May 18). Both CVS Health Corp. (NYSE: CVS) and Walgreens Boots Alliance Inc. (Nasdaq: WBA) were down more than 3% in afternoon trading. At the same time, Amazon was up 1.48% on Wednesday and is currently trading up 0.84%.
- [By ]
One solution that would make sense is for a national clinic and pharmacy to merge with an insurance company. This is exactly what the proposed CVS (NYSE: CVS)/Aetna (NYSE: AET) merger would provide. Not only would this merger be a good thing for a large segment of the American populous, it will certainly be a good thing for CVS.
good stocks: iShares Mortgage Real Estate Capped (REM)
- [By Donald van Deventer]
The latest implied forward rate forecast from Kamakura Corporation shows projected 10-year U.S. Treasury yields differing -0.07% to 0.03% from last week while fixed rate mortgage yields varied by -0.01% to 0.08%. Mortgage yields, determined by the Monday through Wednesday weekly survey of the Federal Home Loan Mortgage Corporation, lag Treasury movements simply because of the 3-day yield calculation used in the Primary Mortgage Market Survey. The 10-year U.S. Treasury yield is projected to rise from 2.92% at Thursday’s close (down 0.06% from last week) to 3.374% (down 0.06% from last week) in one year. The 10-year U.S. Treasury yield in ten years is forecast to reach 4.639%, 1 basis point lower than last week. The 15-year fixed rate mortgage rate is forecast to rise from the effective yield of 3.69% on Thursday (down 0.001% from last week) to 4.222% (down 0.006% from last week) in one year and 6.29% in 10 years, up 0.038% from last week. We explain the background for these calculations in the rest of this note, along with some mortgage servicing rights metrics. The forecast allows investors in exchange traded U.S. Treasury funds (TLT) (TBT), total return bond funds (BOND), municipal bonds (NUV) and exchange traded mortgage funds (REM) to assess likely total returns over the next 120 months. Treasury-related exchange traded funds affected by the forward rates include:
good stocks: Rockwell Automation, Inc.(ROK)
- [By Ben Levisohn]
Bernstein’s Steven Winoker looks back at 2016 for the industrial stocks he covers–Ingersoll-Rand (IR), Rockwell Automation (ROK), Eaton (ETN), and General Electric (GE) among them–and contemplates what 2017 might hold:
- [By Lisa Levin]
Cisco Systems, Inc. (NASDAQ: CSCO) reported better-than-expected profit for its first quarter on Wednesday.
Helmerich & Payne, Inc. (NYSE: HP) posted upbeat results for its fourth quarter.
NetApp Inc. (NASDAQ: NTAP) reported stronger-than-expected results for its second quarter and issued strong Q3 guidance.
Emerson Electric Co. (NYSE: EMR) proposed to acquire Rockwell Automation (NYSE: ROK) for $225 per share in cash and stock.
- [By Lee Jackson]
These companies also reported insider selling last week: Aetna Inc. (NYSE: AET), Cullen/Frost Bankers Inc. (NYSE: CFR), Rockwell Automation Inc. (NYSE: ROK), Stamps.com (NASDAQ: STMP) and Western Alliance Bancorporation (NYSE: WAL).
- [By Paul Ausick]
Blaming the unwillingness of its target even to discuss a buyout, Emerson Electric Co. (NYSE: EMR) on Tuesday announced that it has withdrawn its unsolicited offer to acquire Rockwell Automation Inc. (NYSE: ROK) for $225 a share in a deal valued at nearly $30 billion.
good stocks: Key Tronic Corporation(KTCC)
- [By Lisa Levin]
Computer Peripherals: This industry rose 2.21% by 10:15 am ET. The top performer in this industry was Key Tronic (NASDAQ: KTCC), which gained 0.3%. Key Tronic’s trailing-twelve-month ROE is 14.57%.