Microsoft Posted Better-Than-Expected Results in 3Q15
Microsoft says cloud computing will remain the focal point of its strategy going forward. MSFT’s commercial segment’s revenue grew by 5% YoY.
From a portfolio management perspective, an allocation into Microsoft by ValueAct Holdings is inherently a bet that MSFT will outperform some key benchmarks.
During the first quarter of 2015, ValueAct Holdings had exposure to two technology companies—Adobe Systems (ADBE) and Microsoft (MSFT).
The question that arises is whether a bet on Microsoft is really a bet on the tech sector as a whole, or something more company specific.
By increasing its stake in Coeur Mining in 1Q15, Renaissance Technologies would expect Coeur Mining to generate superior returns.
Coeur Mining reported 1Q15 revenue of $153 million. It missed consensus estimates by $2.55 million. The company reported net loss of $24.4 million in 1Q15.
The investment in silver mining stocks appears to be based on the view that the stocks could outperform the market. This is due to a rise in consumer demand for silver.
In 1Q15, around 23 hedge funds created a new position in Coeur Mining. Over 52 hedge funds added to their position in Coeur Mining including Renaissance Technologies.
Transocean (RIG) posted strong 1Q15 financial results with revenues of $2.04 billion, beating the forecast of $1.91 billion. EPS was $1.10, much higher than the estimated $0.60.
ETFs decreased or closed their positions in energy companies rather than increase or initiate a new stake last week. This signals a weak outlook for energy companies.
Mackenzie Financial added Newmont Mining (NEM) to its portfolio, expecting NEM to generate superior returns compared to benchmarks.
Newmont’s (NEM) share price jumped 6.5% after the release of its 1Q15 results. The company reported Q1 revenue of $2 billion and adjusted EPS of $0.46.
In the first quarter of 2015, Mackenzie Financial added a new position in Newmont Mining (NEM).
In this series, we’ll take a look at Newmont Mining’s performance over the last quarter in order to better understand its current and longer-term drivers.
The new LinkedIn Lead accelerator suite enables marketers to reach their target audiences more effectively. This addition should allow the company to generate more advertising revenues.
There were about 25 hedge funds with Twitter in their top ten holdings in the first quarter. A total of 177 hedge funds also added to their positions in TWTR.
In its first-quarter earnings release, Yahoo! reported EPS of $0.15, missing consensus estimates by $0.03. It missed revenue estimates by $20 million.
Of those peers reviewed, only AMC Entertainment Holdings (AMC) is performing better than Madison Square Garden year-to-date, with returns of 11.83%.
JD.com has outperformed all of its benchmarks, including competitors Amazon (AMZN) and eBay. The company has returned 43.56% so far in 2015.
Tesla Motors has outperformed other benchmarks, yielding a return of 11.88% so far in 2015. Apparently, JAT Capitals’ bet on TSLA is wisely placed.
But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.