Tag Archives: nasdaq

These 5 Companies Own $20 Billion Worth of Starbucks’ Stock

A Starbucks drive through in Denver, Colorado. Image credit Starbucks. Given Starbucks ‘ success during the last two decades, it isn’t surprising that the nation’s leading investors and money managers hold

The V20 Portfolio Week #9: A Great Week, But Potential Chop Ahead

Summary The V20 Portfolio rallied by 5%, beating the S&P 500, which ended the week flat. Investor sentiment has shifted for Spirit Airlines. Perion Network made a significant acquisition. Conn’s will report earnings on Monday. The V20 portfolio is an actively managed portfolio that seeks to achieve annualized return of 20% over the long term. If you are a long-term investor, then this portfolio may be for you. You can read more about how the portfolio works and the associated risks here . Always do your own research before making an investment. Read last week’s update here ! The S&P 500 (NYSEARCA: SPY ) was salvaged on Friday, jumping 2% and ended the week flat. The V20 Portfolio completely smashed the index and started December with a bang, rising 5% for the week. Year to date, the portfolio is now up by 98%. Portfolio Update There were two major contributors to this week’s performance: Spirit Airlines (NASDAQ: SAVE ) and Perion Network (NASDAQ: PERI ), which appreciated 23% and 19%, respectively. There were no material news coming from Spirit Airlines, so it would appear that the market sentiment has shifted. About three weeks ago, hedge fund manager Whitney Tilson pitched the stock , perhaps investors are finally recognizing the company’s value after a figurehead on value investing speaks out. Another possible factor contributing to the recent rally is falling crude prices. Perhaps you’ve heard that oil has recently dipped below $40 and OPEC decided to hold production quota constant. These negative events are great news for the airline industry overall, as airline companies will continue to benefit from cheap fuel in the near term. However, I believe that this was only a minor contributor to Spirit Airlines’ rise. In the graph above we can see that the stock has greatly surpassed the performance of the airline index, whose performance is driven mostly by macro movements such as oil. As for Perion Network, the company recently got an investment from JP Morgan , significantly boosting investor confidence. In addition, the company also acquired an adtech company for $180 million. The management has a history of making acquisitions, so I’m not too surprised. The management also disclosed that undertone was profitable (15-17% EBITDA) and has a good growth trajectory. While I would’ve preferred a large share repurchase program since that way the return would’ve been more certain, this acquisition could work out in the long run. About Conn’s Our largest holding, Conn’s (NASDAQ: CONN ), actually fell this week, declining 5% from $27.02 to $25.64. With earnings on Monday, clearly the market is still uncertain. Couple weeks ago I mentioned that the share repurchase program instituted by the management will buoy the stock in the near term. Thus far, this prediction rings true. We can observe the price movement since the $100 million buyback program was announced in the chart below. Of course, now that the company is reporting earnings, this effect will be nullified on Monday. Outlook Since next week our biggest position will report earnings, expect significantly higher volatility. In the past, Conn’s has achieved 15% swings in a week without batting an eye. Of course, as I’ve outlined in the introduction of the V20 Portfolio, volatility is a necessary part of our concentrated style of investing, and we should accept it as opportunity instead of shying away from it. In any case, we should continue to focus on the fundamentals regardless of where the stock ends up on Monday .

ETF Update: A Look Back At November And 9 Funds To Kick Off December

Summary Every week, Seeking Alpha aggregates ETF updates in an effort to alert readers and contributors to changes in the market. There were 9 launches last week and a total of 21 in November. Have a view on something that’s coming up or a new fund? Submit an article. Welcome back to the SA ETF Update. My goal is to keep Seeking Alpha readers up to date on the ETF universe and to gain some visibility, both for the ETF community, and for me as its editor (so users know who to approach with issues, article ideas, to become a contributor, etc.) Every weekend, or every other weekend (depending on the reader response and submission volumes), we will highlight fund launches and closures for the week, as well as any news items that could impact ETF investors. There were 21 launches in November, with just 2 closures, so a net gain of 19 funds. Taking a look back, we see a continuing focus on Smart Beta ETFs. These are funds that hope to capitalize on the perceived systematic biases or inefficiencies in the market, rather than the traditional index construction around market capitalization or sectors. This has been a growing trend in the industry and I expect to see more before the end of the year. November Total Launches Fund Name Ticker iShares Currency Hedged MSCI ACWI Minimum Volatility ETF HACV iShares Currency Hedged MSCI EAFE Minimum Volatility ETF HEFV iShares Currency Hedged MSCI EM Minimum Volatility ETF HEMV iShares Currency Hedged MSCI Europe Small-Cap ETF HEUS iShares Currency Hedged MSCI Europe Minimum Volatility ETF HEUV BlueStar TA-BIGITech Israel Technology ETF ITEQ First Trust SSI Strategic Convertible Securities ETF FCVT PowerShares Russell 1000 Low Beta Equal Weight Portfolio USLB PowerShares FTSE International Low Beta Equal Weight Portfolio IDLB AlphaClone International ETF ALFI Goldman Sachs ActiveBeta International Equity ETF GSIE FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund TLDH FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund TLEH Global SmallCap Dividend Fund GSD iShares Core International Aggregate Bond ETF IAGG First Trust Heitman Global Prime Real Estate ETF PRME WisdomTree Global Hedged SmallCap Dividend ETF HGSD Etho Climate Leadership U.S. ETF ETHO Deutsche X-trackers FTSE Developed ex US Enhanced Beta ETF DEEF Deutsche X-trackers Russell 1000 Enhanced Beta ETF DEUS FlexShares Real Assets Allocation Index Fund ASET Fund launches for the week of November 30th, 2015 SPDR Fossil Fuel Free ETF opens for business (12/1): Among the top holdings of the SPDR S&P 500 Fossil Fuel Free ETF ( SPYX ) are Apple (NASDAQ: AAPL ), Microsoft (NASDAQ: MSFT ), GE (NYSE: GE ), J&J (NYSE: JNJ ), Wells Fargo (NYSE: WFC ), Amazon (NASDAQ: AMZN ), Berkshire Hathaway (NYSE: BRK.A ), JPMorgan (NYSE: JPM ), Facebook (NASDAQ: FB ), and Alphabet (NASDAQ: GOOG ). The gross expense ratio is 0.25%, the net 0.20%. Alpha Architect launches a new active ETF (12/2): The MomentumShares U.S. Quantitative Momentum ETF (BATS: QMOM ) picks its holdings with a quantitative model designed to find positive momentum firms. As detailed by the company’s whitepaper on QMOM, “We consider the term momentum to mean a continuation of past returns-past winners tend to be future winners, while past losers tend to be future losers.” State Street launches 3 new factor-focused SPDR funds (12/4): State Street’s (NYSE: STT ) new funds all select high-value, high-quality and low-size firms from within the Russell 1000. However, each tracks a different fourth factor as well, included in the name of the funds: The SPDR Russell 1000 Momentum Focus ETF (NYSEARCA: ONEO ), the SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA: ONEV ) and the SPDR Russell 1000 Yield Focus ETF (NYSEARCA: ONEY ). These 3 funds all fall into SPDR’s growing selection of Smart Beta ETFs. Direxion launches a new fund and brings 2 back from the dead (12/4): The Direxion Daily S&P Biotech Bear 1X Shares (NYSEARCA: LABS ) offers inverse exposure to the S&P Biotechnology Select Industry Index, which is the index of choice for the SPDR S&P Biotech ETF (NYSEARCA: XBI ). If the Direxion Daily Natural Gas Related Bear 3X Shares (NYSEARCA: GASX ) and the Direxion Daily Healthcare Bear 3X Shares (NYSEARCA: SICK ) sound familiar, it’s because we have seen them before. GASX and SICK were shut down in Q3 2014 and Q3 2014 respectively. SICK’s bull counterpart, the Direxion Daily Healthcare Bull 3x Shares ETF (NYSEARCA: CURE ), had been seeing strong growth until May, which may have been when Direxion decided to give SICK another chance. The first ETF focused on Latin American REITs (12/4): The Tierra XP Latin America Real Estate ETF (NYSEARCA: LARE ) offers investors access to real estate investment trusts (REITs) and real estate operating companies (REOCs) in Latin America. According to a press release at the launch, this ETF was a big team effort: “The ETF was introduced by a partnership between Tierra Funds, ETF Managers Group, ISE ETF Ventures, and XP Gestão de Recursos, an XP Group company.” This is the first ETF targeting Latin American REITs specifically. There were no fund closures for the week of November 30, 2015 Have any other questions on ETFs or ETNs? Please comment below and I will try to clear things up. As an author and editor I have found that constructive feedback is the best way to grow. What you would like to see discussed in the future? How can I improve this series to meet reader needs? Please share your thoughts on this first edition of the ETF Update series in the comments section below. Have a view on something that’s coming up or a new fund? Submit an article .