The US Remains Resilient; Outperformance Continues, By Brian Nelson, CFA
The equity markets continued to face pressure since the previous edition of our Best Ideas Newsletter released mid-May. However, the well-publicized disappointment of Facebook’s (FB) initial public offering, concerns about European financial contagion, ongoing chatter regarding the Economic Cycle Research Institute’s reiteration of its recession call, rhetoric about the coming “fiscal cliff,” and a slight hiccup in the downward trajectory of unemployment have done nothing to sway our conviction in delivering continued outperformance in our Best Ideas portfolio.
As we warned in the May edition of our Best Ideas Newsletter, investors interested in entering a position in Facebook following its first trade in public markets are setting themselves up for a near-term disappointment. Some of the blame for what probably will forever be known as the “Faceplant” public offering can possibly be assigned to Morgan Stanley (MS) for upping the offer size and price range before the…
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Inside This Issue
1 The US Remains Resilient; Outperformance Continues
1 Best Idea Ancestry.com Surges on Buyout Rumors (ticker: ACOM)
5 Apple’s Worldwide Developers Conference (ticker: AAPL)
6 Digging Into May Retail Sales: Were They Actually Bad? (see article for tickers)
7 Jamie Dimon Testifies; We Aren’t Crazy about a Concentrated Position in Any One Bank (see article for tickers)
8 Our Best Ideas Portfolio (see article for tickers)
9 Addressing Intel’s Bear Case (ticker: INTC)
10 Why AutoNation’s Results Are Bullish for Automakers (see article for tickers)
11 Aerospace Demand Remains Robust; EDAC Tech Trading at 8 Times Next Year’s Earnings (see articles for tickers)
11 Rio Tinto Expects To Dominate Iron Ore Production (ticker: RIO)
13 The Case for the Valuentum Style of Investing
13 Dollar General Shines Through Challenging Times (ticker: DG)
14 LinkedIn’s Security Breach Could Have Long-Term Implications (ticker: LNKD)
14 Ford Plans to Sell Bonds for the First Time Since Debt Upgrade (ticker: F)
15 Pandora Continues to Win Ears (ticker: P)
15 Starbucks Buys a…Bakery? (ticker: SBUX)
16 Ideas for Your Radar
18 Featured Reports: EBAY, ZMH, HUN
21 Our Stock-Selection Methodology