|Day's Range||9.19 - 10.30|
FormFactor (FORM) acquires FRT for approximately EUR 19.7 million in cash, in a bid to expand presence in the testing and measurement space.
NEW YORK, Oct. 10, 2019 /PRNewswire/ -- Even though their house is a museum, in honor of the newest animated The Addams Family debuting in theaters on October 11th, Booking.com, the digital travel leader connecting travelers with the widest choice of unique places to stay, is offering guests the chance to book a real life replica of the iconic family's home. The three bedroom, 3,700 square foot, 19th century era townhouse captures all the macabre that has made The Addams Family a fan favorite for decades. Decorated in true Addams Family fashion, there are vases of just rose stems, and yes, Lurch's famous "you rang" bell.
Builders FirstSource (BLDR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
TORONTO , Oct. 10, 2019 /PRNewswire/ -- Drawing on its expertise as a leader in travel and technology, Booking.com predicts 2020 will be a year of travel exploration like never before, fueled by technology as well as a growing sense of responsibility and deeper connection with the people and places we visit. 45% of Canadian travellers would swap their original destination for a lesser-known, but similar alternative, if they knew it would leave less of an environmental impact. 2020 will see travellers put key aspects of their decision-making process more firmly in the hands of technology.
As Airbnb plots its move to go public in 2020, the head of its Experiences unit is stepping aside. Joe Zadeh, an early Airbnb employee who has been running the Experiences business since it debuted three years ago, will relinquish the post pending the appointment of a successor, Airbnb confirmed. The Information originally reported the […]
Whether it's in Singapore, Bangkok, Nairobi or Paris, Booking Holdings' Agoda brand has been actively listing vacation rentals in the one-stop shop Google Travel, but Agoda is in the process of removing its listings, Skift has learned. Booking Holdings' flagship brand, Booking.com, had not been participating in Google's vacation rental business, but Singapore-based Agoda has […]
Google took the next step in its own vacation rental and apartments business, giving it special treatment with a four-pack display of rates, photos, reviews, and a map within Google search — and placement above other travel companies' organic results. With the alternative accommodations sector one of the fastest-growing segments in travel around the world, […]
Stock pickers are generally looking for stocks that will outperform the broader market. And while active stock picking...
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
When looking for stocks to buy, it's always smart to consider the top holdings or best ideas of successful investors. The Harvard Management Company (HMC) has managed Harvard University's endowment and related financial assets since 1974. HMC announced its fiscal 2019 performance Sept. 27. The $40.9 billion endowment gained 6.5% in the fiscal year ended June 30, down 350 basis points from 2018. Although HMC is in the middle of an overhaul of its investment portfolio -- N.P. Narvekar was hired in December 2016 to head up the university's investment management team -- it has made big strides in the last 33 months repositioning the endowment's assets for long-term success.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHistorically, HMC has generated an annualized total return of more than 11% since its founding 45 years ago, which is an excellent long-term track record. The fact is, every successful investor goes through a losing streak or a period of underperformance. Harvard is no different. Once Narvekar completes his portfolio overhaul, investors can expect the endowment to be at the top of the performance charts once more. In the meantime, here are seven stocks to buy owned by Harvard Management Company. Stocks to Buy: Alphabet (GOOGL, GOOG)Source: BigTunaOnline / Shutterstock.com Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is the largest of the 17 holdings reported by HMC at the end of June with 112,346 shares of the company's Class A shares. The market value of those shares ($121.6 million) accounted for 30.0% of the $405.1 million in assets listed by HMC.It's important to remember that the $121 million investment is a small part of the endowment fund's total portfolio. In 2018, for example, public equities accounted for 31% of the entire endowment. Yet, because HMC has invested most of those funds through outside investment managers, very few of its overall investments appear in SEC filings. Nonetheless, the parent of Google is HMC's largest holding in its 13-F. In May, I listed "7 Reasons to Buy Alphabet Stock Despite Its Earnings Miss." Of those reasons, I would say that my three favorite reasons in no particular order would be healthy revenue growth, Google Cloud, and its massive free cash flow. Despite generating 33% of the online global ad revenue, it is still growing them at more than 30% a quarter. It is this kind of healthy revenue growth that's led to $27.4 billion in trailing 12-month free cash flow, allowing it to reinvest in growth businesses such as Google Cloud. When it comes to generating profits and cash flow, there aren't many stocks better at it than Alphabet. Apple (AAPL)Source: Denys Prykhodov / Shutterstock.com The maker of iPhones is HMC's second-largest holding at 506,683 shares worth $100.3 million. Since HMC's second-quarter filing at the end of June, Apple (NASDAQ:AAPL) stock has generated a 13.8% return for the endowment over the past three months. When its next 13-F comes out in November, its AAPL holdings ought to be closer to $114 million. HMC first acquired 1.7 million shares of Apple stock in the first quarter of 2018. It has since scaled that back to less than a third of its original holdings. Apple stock has gained 33% in the 21 months between the end of 2017 and the end of September, an annualized return of almost 19%, not including dividends. InvestorPlace contributor Wayne Duggan recently highlighted the fact that initial sales reports for Apple's iPhone 11 has been very positive with pre-order activity in China, almost double what it was a year ago. * 8 Stocks to Buy Offering Both Dividends and Growth With more than 65 million iPhone users in China in need of an upgrade according to analysts, Apple skeptics might want to tone done their rhetoric a little. The demise of the iPhone's been greatly exaggerated. Booking Holdings (BKNG)Source: Shutterstock For HMC's third-largest position, we go from two tech companies to a travel company that uses technology to bring travel providers together with consumers and businesses. At a market cap of almost $84 billion, Booking Holdings (NASDAQ:BKNG), once known as Priceline because of its name-your-price feature for booking air travel, is now focusing more of its energy on the hotel and apartment rental business. In February, Skift, an online magazine dedicated to the business of travel, detailed how Booking Holdings was in a dead heat with Airbnb in the world of alternative accommodations. "Booking also revealed that it generated $2.8 billion in alternative accommodations revenue in 2018, accounting for 20 percent of the company's overall revenue and that the business is 'nicely profitable,' stated Skift contributor Dennis Schaal. It's one of the many reasons I recently named BKNG one of the seven stocks to buy benefiting from millennial money. "Just because they [Millennials] want to travel, doesn't mean they want to do it in the same manner as their parents," I wrote Sept. 12. "Therefore, for travel companies to be successful, they've got to provide a combination of unique experiences, budget prices, and excellent customer service; three things that aren't easy to deliver."As long as millennials continue to enjoy traveling, I'd expect HMC to continue to hang on to Booking Holdings. Facebook (FB)Source: rvlsoft / Shutterstock.com Facebook (NASDAQ:FB) is HMC's fourth-largest holding with 170,081 shares and a June 30 market value of $32.8 million. Facebook CEO Mark Zuckerberg went to Harvard before dropping out in 2005 so that he could run his social media company on a full-time basis. Now he's worth $69.0 billion or 50% more than Harvard's entire endowment. How's that for irony?Recently, Zuckerberg addressed Facebook employees over concerns that 2020 presidential hopeful Elizabeth Warren would break up the company if elected. Zuckerberg is reported to have told employees that if Warren tries to break up the company, it would challenge the Senator's plans in court -- and win. Warren didn't back down, suggesting that companies like Facebook, which trample on people's privacy rights, ought to be taken to task. Earlier this year, I suggested that Facebook stock is great, but it's a terrible company. I don't think anything has changed to alter my opinion. * 10 Cheap Stocks to Buy at Less Than 10x Forward Earnings HMC clearly owns FB stock because of its position within the online advertising industry and the profits these ads generate and not because Harvard gave Zuckerberg an honorary degree in 2017. Palo Alto Networks (PANW)Source: Sundry Photography / Shutterstock.com Of HMC's eight stocks held, Palo Alto Networks (NYSE:PANW) is the fifth-largest holding with 54,006 shares and a June 30 market value of $11.0 million.The California company specializes in cybersecurity products including firewall protection, endpoint protection, cloud security, and cybersecurity analytics. You would think in today's world of computer security breaches, a company like Palo Alto would have a top-performing stock. Unfortunately, that hasn't been the case for PANW, which generated a total return of -9.5% over the past year, significantly worse than the total return (45.4%) of its application software peers. One reason for Palo Alto's lack of performance could be the competitive threats from newer entrants in the cybersecurity marketplace. "So I think the competition is Zscaler," Palo Alto Chief Technology Officer Nir Zuk said in its Q4 2019 conference call. "However, I strongly believe that the right architecture and the right products at the end of the day win."The fact that HMC holds Palo Alto and not Zscaler suggests it believes PANW will be the ultimate winner. iShares Core S&P 500 ETF (IVV)Source: Beneath Blue / Shutterstock.com Of HMC's 17 holdings from its 13-F, nine are ETFs, with the iShares Core S&P 500 ETF (NYSEARCA:IVV) its largest holding with 72,147 shares and a June 30 market value of $21.3 million. What's interesting about HMC holding IVV is that it's doing precisely what Warren Buffett suggests most individual investors ought to do: buy the stocks of America's largest companies and never stop buying."The trick is not to pick the right company, the trick is to essentially buy all the big companies through the S&P 500 and to do it consistently and to do it in a very, very low cost way," Buffett stated in May 2017. Well, IVV has a management expense ratio of just 0.04%. Even a big investment manager like HMC can't do better than four basis points for 500 of America's largest companies. * 7 Stocks the Insiders Are Buying on Sale In fact, iShares uses IVV as one of seven ETFs to create a core portfolio of stocks and bonds for conservative, moderate, and aggressive investors. Under a really aggressive portfolio with 100% stocks and no bonds, IVV would account for 32% of the portfolio. If you can't beat them, join them. Vanguard FTSE Developed Markets ETF (VEA)Source: Shutterstock The Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) is an excellent complement to the IVV because it invests in a group of large-, mid-, and small-cap companies in developed countries such as Canada, while excluding the U.S. It tracks the performance of the FTSE Developed All Cap ex US Index holding 3,959 stocks with 53% of the companies from Europe, another 37% from the Pacific region, and Canada and several other countries accounting for the rest. The ETF's top 10 holdings account for 10.5% of the fund's $70.4 billion in total net assets. The median market cap of its 3,959 holdings is $27.5 billion, making VEA very much a large-cap ETF dressed up as an all-cap fund. HMC owns 329,167 shares of VEA, the second-largest holding of its nine ETFs, and has a market value of $13.7 million. VEA and IVV have 3-year total returns of 6.3% and 13.4%, respectively, providing investors of all types with a good one-two punch. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Important IPO Stocks to Watch for the Long Run * 7 High Volatility Stocks to Buy as the Market Rebounds * 7 Dow Jones Industrial Average Stocks to Sell The post 7 Stocks to Buy From the Harvard Endowment appeared first on InvestorPlace.
NEW YORK, Oct. 2, 2019 /PRNewswire/ -- Phaidon, leading publisher of the creative arts, today announced that it has partnered with OpenTable, the world's leading provider of online restaurant reservations to bring two books to life - Where Chefs Eat: A Guide to Chefs' Favorite Restaurants and the forthcoming Signature Dishes That Matter. The multi-faceted partnership includes a digital experience and an in-restaurant dinner series. Inspired by Phaidon's bestselling guide, Where Chefs Eat ($35 USD), diners will now be able to reserve tables and dine at restaurants selected by the world's best chefs on 4 continents, across 8 countries and 26 cities only on OpenTable.
Interest in Plant-Based Diets Skyrocket: Mentions in OpenTable Reviews has Increased by 200 Percent since 2017 SAN FRANCISCO , Oct. 1, 2019 /PRNewswire/ -- In celebration of World Vegetarian Day, OpenTable ...
TORONTO , Sept. 30, 2019 /CNW/ -- OpenTable, the world's leading provider of online restaurant reservations and part of Booking Holdings, Inc. (NASDAQ: BKNG), today announced it is building on the success of its relationship with Uber Eats in the U.S. by expanding to Canada to offer delivery at hundreds of Canadian restaurants on OpenTable's newly updated iOS app. OpenTable helps diners discover and book the best restaurant for any occasion, whether they are looking for a special night out or a restaurant quality meal at home. Diners can now select from one of Canada's most popular restaurant delivery services to order a meal in a few simple taps.