|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||290,099.94 - 292,370.00|
|52-week range||246,520.00 - 326,350.00|
|PE ratio (TTM)||10.65|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Arnault of LVMH Moët Hennessy Louis Vuitton is one of the world’s richest men, thanks to his family’s 47% stake in the French luxury group. LVMH shareholders know that he got there through decades of skillful management of many tony marques, from pricey Champagne, such as Dom Pérignon, to high-fashion labels, such as Christian Dior, to glitzy TAG Heuer watches.
Instead, the hot hands of even the best investors must eventually cool because their success attracts too much money and eventually overwhelms their market-beating abilities. The key to finding a market-beating investment adviser, therefore, is to find someone after they’ve played their hot hand but before they’ve attracted too much money. Bill Miller, former manager of the Legg Mason Value Trust (LMVTX) , (now ClearBridge Value Trust) is the investment arena’s poster child of an adviser whose incredibly hot hand suddenly became as cold as ice.
As noted previously, US-China trade war fears have subsided for the time being after the second round of talks held last week. Financial markets breathed a sigh of relief after the US-China trade war was put on hold. Broader market indexes like the S&P 500 (SPY) closed with gains on May 21 after constructive trade talks between the world’s two biggest economies. Notably, during the annual shareholder meeting, Warren Buffett, Berkshire Hathaway’s (BRK-B) chair, also expressed optimism about US-China trade relations. ...
Two stocks the world's best-known investor recently added to, and a little-known biotech getting the backing of a little-known (but very successful) pair of biopharma investors.
As the head of a vast business empire and the richest person on earth, Amazon Chief Executive Jeff Bezos may well come to mind as an obvious idol for many budding entrepreneurs. Bezos was asked that question at a panel held last month at Southern Methodist University, and took the opportunity to shower some praise on JPMorgan Chase(JPM)CEO Jamie Dimon. “If I were a big shareholder in JPMorgan Chase, I would just show up every Monday morning with, like, pastries and coffee for Jamie,” Bezos said during the Forum on Leadership panel.
As of Monday, credit analysts at Moody’s Investors Service were just beginning to feel optimistic about the packaged-food giant. Since the 2015 merger that brought together Kraft Foods and H.J. Heinz, the company’s private equity managers have extracted more cost savings than expected and retired some debt. Now, with the merger integration largely complete, Moody’s changed its outlook to positive from stable, saying it expects Kraft Heinz’s debt-to-Ebitda ratio to fall “sustainably below” 4 this year, down from 5.2 when the deal first closed.
During Berkshire Hathaway’s (BRK-B) annual shareholder meeting, chair Warren Buffett said, “We’ve seen steel costs increase somewhat,” according to Reuters. Notably, US steel prices have spiked this year, and we’ve seen a widening of the spreads between international and US steel prices.
The United States and China held their second round of trade talks last week. In an interview with Fox News Sunday as quoted by CNBC, Treasury secretary Steven Mnuchin said, “We are putting the trade war on hold. During the company’s annual shareholder meeting, Buffett noted, “I don’t think either country will dig themselves into something that precipitates and continues any kind of real trade war.” Buffett admitted to missing out on stocks such as Google (GOOG) and Amazon (AMZN) during the meeting.
In the week ended May 12, or Week 19, BNSF Railway (BRK.B), owned by Berkshire Hathaway, reported carload traffic growth that was the second-highest among all Class I railroads. The top growth came from Canadian Pacific Railway (CP), which reported a 10% rise in railcar traffic YoY (year-over-year). BNSF Railway’s overall rail volumes grew 6.4% that week.
Genesis Mining, which is the largest blockchain mining company based out of Iceland, put up billboards outside Warren Buffett’s office last week. The billboards said, “Warren: you said you were wrong about Google and Amazon. The billboards were put up soon after Buffett discussed bitcoin during his annual Berkshire Hathaway (BRK.A) meeting.
After shunning the stock for years, Berkshire Hathaway (BRK.A) recently disclosed that it increased its stake in Apple (AAPL) to a whopping 240.3 million shares, worth more than $40.0 billion. The company said that it purchased 75.0 million Apple shares in the first quarter. The Warren Buffett–led company is the third-largest shareholder of Apple, behind asset managers Vanguard and Blackrock (BLK).