In the midst of the recent breakneck volatility, two money managers responsible for tens of billions of dollars of client money told CNBC on Monday they were divided on whether buying the dips in the stock market can continue to be a winning strategy.
Richard Weiss, who runs $25 billion at American Century Investments, told "Squawk Box" that buying the dips can work for investors with a "very long term" time horizon or a "high risk tolerance."
"[But] by anyone's estimation this recovery, this bull market, is long in the tooth. So what may have worked over the last five, six [or] seven years is not likely going to be the winning investment strategy over the next one or two years," he said.
"We're at a transition point here likely with what's going on over in China; the Fed trying to reload; [and] earnings decelerating as opposed to accelerating as they have been over the last several years," Weiss said. "It's really hard to see where we're going to get a shot in the arm for the recovery or the bull market."
He recommended overweighting defensive sectors such as consumer staples, health care and technology , which typically outperform in the latter stages of an economic recovery.
If you really want to see stupid, just look at the PE's of stock groups vs INTC. Chinese index PE=60, Shiller index PE=23.4, S&P 500 PE=19, tech index 21.2, INTC PE=12. INTC is a cutting edge manufacturer and selling at going out of business prices. We could also discuss dividends and you would see more of the same. So how stupid is Rasgon and Covell - my guess is dumber than a box of rocks.
Looks like they're being spoon fed by parties interested in moving the stock price the way they want for their own good. Writer is nothing more than a "Pawn, in the game of life"
Would be a smart move on MU's part. Wrote an e-mail a few months back to INTC investor relations advising them to go private. Sighted Dell and how they did since going private. In INTC's case, the 3.5% dividend would pretty much pay for the borrowing cost to buy the shares.
That's great! The real question is how are you doing overall? You sound like a day trader that you ridicule all the time. Be even better if you stuck to cutting and pasting articles that are useful to others, rather than the constant chatter of useless dribble you are obsessed with on down days. JMO
You're right - Too bad INTC management is sleeping and can't be bothered to tell shareholders this. Would go a long way torward stemming this rout
Seeking Alpha - Alcatraz Research 8-23-15
Summary Intel has unveiled the best reference design for Apple’s long-rumored iPad Pro high-end tablet.
Unlike Apple’s A8 processor, Intel’s x86 processor is compatible with industry standard software like AutoCAD and Adobe Photoshop.
An Intel-powered Apple iPad Pro can substantially outsell Microsoft's Surface Pro 3 and Surface 3.
KGI Securities analyst Ming-Chi Kuo again hinted that Apple's (NASDAQ:AAPL) iPad Pro will go into commercial production next month or by October. Kuo also said the 12.9-inch iPad Pro will come with a Force Touch-enabled Stylus.
Lucky guess - but you're right. Guess even a blind pig can find an acorn every now and then.
INTC had a great chance to buy shares whole sale today and looks like the passed again. INTC made a good comment about AMD and they ended up positive for the day. HPQ did terrible qtr and guided down, they ended up green for the day. Need I remind you what happened when INTC beat and held guidance. At what point is INTC management going to start running this company right and for the benefit of the stockholders?
Gotta believe this won't be good
North and South Korea appeared headed toward another clash, as Seoul refused an ultimatum that it halt anti-Pyongyang propaganda broadcasts by Saturday afternoon or face military action, and North Korea said its troops were on a war footing.
South Korean Vice Defense Minister Baek Seung#$%$ said on Friday it was likely the North would fire at some of the 11 sites where the loudspeakers are set up on the South's side of the Demilitarized Zone (DMZ) separating the countries.
Tension escalated on Thursday when North Korea fired four shells into South Korea, according to Seoul, in apparent protest against the broadcasts. The South fired back 29 artillery shells. Pyongyang accused the South of inventing a pretext to fire into the North.
Anybody have any idea why ARMH keeps going down? After all the big boys poo- pooed the idea of INTC getting 1/2 of AAPL iPhone6. They also said that they will be in servers and yet it hasn't happened. Could it be the big boys wanted INTC stock to take a dive so they could load up cheap? Ideas...
I think you just proved Wally's point with you car key example. People like the convenience and will pay for it. If they don't have it, they will go out and buy it!
I agree his credentials are great and I like his call. Problem is he's dead wrong with the stock price for whatever reason. We shareholders are paying for it and the band keeps on playing.
Wally I took off my rose colored glasses after seeing the staggering losses I have in INTC and couldn't help myself. The problem is the truth hurts!
INTC is the worst performing stock in the DOW.
INTC is the 2nd worse stock in the tech sector. MU gets the honor
INTC PE is 11.67. S&P 500 PE is 19. Tech sector according to Cramer is 21.3
INTC stock down 10 dollars since 12-14 or 50 billion in shareholder equity.
50 billion is enough to write every man, woman and child a check for $165.00.
Another way is every family of 4 could get $660.00 or enough to buy an INTC phone and INTC computer.
INTC boched the hastily called 3D X point announcement.
That would put a big dent in the contra revenue
APPL rumor was laid to rest by Wall ST with no comment by INTC
Skylake will be launched in a couple of weeks with no firm date. Hope they do better than X point announcement.
Wonder how many options they will award themselves for this steller performance?