Oaktree Capital’s Howard Marks is a master of the fixed income investing world and Gotham Asset Management’s Joel Greenblatt is one of the most skilled bottoms-up investors when it comes to identifying cheap stocks and those that are overvalued. Though the two are on opposite ends of the investing spectrum, their worldview is nearly identical.
At the inaugural Forbes and Shook Research Top Financial Advisor Summit in Las Vegas, Marks and Greenblatt presented to a group of hundreds of America’s best financial advisors, who collectively manage over $1 trillion in assets, and offered a way to navigate markets that are expensive on almost every measure.
“The greatest challenge that everyone in this room faces is we are in a low return world,” Marks said. “All assets have appreciated thanks to the Federal Reserve’s cheap money regime. All assets should be expected to offer lower returns going forward,” Marks added. Greenblatt, who does a bott oms-up analysis of the S&P 500 Index and Russell 2000 Index, said that equity markets are in 80th percentile and 90th percentile of expensiveness. Stock market returns in the next year are likely to be well below historical averages.
Hot Financial Stocks To Own Right Now: Zumiez Inc.(ZUMZ)
- [By Dan Caplinger]
Friday was a good day on Wall Street, as the stock market responded favorably to encouraging news on the employment front. The U.S. unemployment rate dropped on fairly strong job creation during the month of February, and that helped push the Dow, S&P 500, and Nasdaq Composite to modest gains of roughly between a quarter percent and a half percent. Yet even with a positive mood among market participants, some stocks weren’t able to participate in the end-of-week rally. Finisar (NASDAQ:FNSR), Zumiez (NASDAQ:ZUMZ), and Winnebago Industries (NYSE:WGO) were among the worst performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so poorly.
- [By Chris Lange]
Zumiez Inc. (NASDAQ: ZUMZ) is set to report its fiscal second-quarter results on Thursday. The consensus estimates predicta net loss of $0.08 per share and $177.35 million in revenue. Shares were changing hands at $16.61 on Fridays close. The consensus price target is $15.20, and the stock has a 52-week range of $11.53 to $23.45.
Hot Financial Stocks To Own Right Now: Madison Square Garden Inc.(MSG)
- [By Monica Gerson]
Madison Square Garden Co (NYSE: MSG) is estimated to report a quarterly loss at $0.34 per share on revenue of $325.53 million.
Gogo Inc (NASDAQ: GOGO) is projected to report a quarterly loss at $0.42 per share on revenue of $137.58 million.
- [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]
Meanwhile, Mark Boyar, of The Boyar Value Fund, recommends another household name: Madison Square Garden (MSG). He thinks the Dolan family could take the company private.
Hot Financial Stocks To Own Right Now: Platinum Group Metals Ltd.(PLG)
- [By William Patalon III]
Our sub-$2 “Gold Market Anomaly” play – Platinum Group Metals Ltd. (NYSE: PLG) – took a hit of more than 12% Wednesday after the miner raised $20 million through a stock offering.