Epiphany Investing

Searching Out the Optimal Portfolio of “Revelation” Stocks

Monday Morning Coffee & Preview - Earnings Upside Continues (IBM, CAT, LVS)

The weak dollar trade is back on today, as the USD is down against most major currencies. This has pushed gold, copper, and other hard commodities up to or near their highest levels of the month. Days like this are generally good for the Secular Trends Portfolio, and in early morning trade the model has [...]

Earnings Season Update - Capitalism Rears Its Bruised, Pretty Head (GS, JPM, INTC, UFPI)

I have to say that I’m pleasantly surprised by many of the results we’re seeing in week 2 of this vital earnings season. So far 67% of the 43 companies in the S&P 500 that have reported have beaten estimates.
As I have been spending some time collating earnings results to get a feel for the [...]

The Week Ahead, July 13th Edition; Thoughts, Rants, & Expectations (GS)

While earnings season is officially underway, investors have been bypassing the earnings appetizers and awaiting  the main course, which begins serving this week.
Alcoa is the standard torch-bearer, but it’s not a bellwether for much more than aluminum prices these days. (you can read my earlier notes on Alcoa at the end of this post on [...]

Additions to Secular Trends Portfolio - Check Point Software, IBM Stake Increased (CHKP, IBM)

Following the recent sales of Pfizer (PFE), Schering (SGP), and Freeport (FCX) in the Secular Trends Portfolio (the links will take you to my coverage of all 3), the cash position in the Secular Trends Model has shot up to 15%. This is far too high for an all-equity model, and I’ve been openly adamant [...]

Federal Reserve Fires Last Bullet - Historic Day for Monetary Policy

We’ve had more than a fair helping of Fed letdowns lately, so today’s announcement was just all the more impressive and historic. Even PIMCO’s Mohamed El-Erian could only say “wow” at the language and posturing made inside today’s FOMC statement.
In an unprecedented move, the benchmark fed funds rate was set to a “range” of 0% [...]

More on this topic (What's this?)
Auerback: Bernanke Fesses Up: America Has No ‘Insolvency’ Issue (naked capitalism, 2/26/10)
FORMER ATLANTA FED CHIEF CALLS FOR RATE HIKE (THE PRAGMATIC CAPITALIST, 3/16/10)
Dodd And Bernanke Need To Get A Room (LOLFed, 3/15/10)
Read more on Federal Reserve at Wikinvest

Goldman’s Reversal on Commodities in 2009 Caps a Bipolar Year; Caterpillar Cut to Sell (CAT)

Goldman has gone from from permabull (remember the $200 oil “super-spike” call from May?) to permabear in less than one year’s time. Earlier this year the call was for an average spot price for crude between $110-$120 through 2011; today the 2009 average spot was pegged at $45. In conjunction, Goldman is slashing estimates for [...]

More on this topic (What's this?)
Caterpillar Inc. (NYSE: CAT): Q4 Earnings Preview 2009 (Stock Wizard, 1/21/10)
The optimum growth portfolio for 2010 (Real Wealth - Global Wealth Report, 2/3/10)
Commodities 101: How does one invest in commodities? (Asset Prime, 1/22/10)
Read more on Caterpillar, Commodities, Goldman Sachs Group at Wikinvest