By the end of December 2016, Ares Capital (ARCC) had a diversified portfolio of 218 companies totaling $8.8 billion at fair value.
Ares Capital (ARCC) posted EPS (earnings per share) of $0.42, beating Wall Street analysts’ consensus estimate of $0.39 in 4Q16.
In 4Q16, US (SPY) (QQQ) (IVV) (VFINX) real GDP grew at an annual rate of 1.9% compared to a 3.5% rise in 3Q16.
The broad market S&P 500 Index (SPY) has risen nearly 221% since the 2008 subprime crisis as of February 20, 2017.
Jack Bogle said that indexing could provide a good return if it’s based on a broad market index like the S&P 500 Index (SPY).
On Tuesday, February 21, 2017, Vanguard founder and former CEO, Jack Bogle, discussed his views on the market’s recent movement and his passive investment strategy in an interview with CNBC.
The S&P 500’s performance was mixed on February 23. The utilities, telecommunications, and healthcare sectors rose, while the industrials and consumer discretionary sectors lagged.
After a fall on February 22, 2017, crude oil regained strength and surged to a seven-week high. The market sentiment improved after a surprise fall in crude oil inventories.
On February 23, 2017, the S&P 500 Utilities Sector surged and closed at its highest level since September 27, 2016.
Crude oil prices strengthened and rose to seven-week high levels. The market sentiment improved after the surprise fall in crude oil inventories.
The materials sector started the week on a stronger note. On Wednesday, the S&P 500 Materials sector rose 0.28% to 330.32.
After gaining for three consecutive trading days, the utilities sector continued to strengthen and supported the market on Wednesday.
After starting the week on a positive note by rising to record high levels, the S&P 500 pulled back on Wednesday.
The airline industry is a cyclical industry. The cyclical sector has a sizable correlation with the various phases of the business cycle.
The Shanghai Composite Index (SSE) showed a huge fall in performance at the beginning of 2016 since there was a huge contraction in China’s manufacturing PMI.
On May 16, 2016, Berkshire Hathaway (BRK) took a new stake worth $1.0 billion in Apple (AAPL). That came after Apple reported its 1Q16 earnings on April 26, 2016.
Charlie Munger discussed some of his strategies and favorite stocks at the annual meeting of the Daily Journal in February 2017.
AIG’s analyst ratings have remained stable to positive over the past few months on improved earnings in 3Q16 and expectations for 4Q16.
In 4Q16, American International Group (AIG) spent $206.0 million on restructuring initiatives that target inefficiencies and expense reduction.
AIG saw a sequential as well as year-over-year fall in operating income for 4Q16 on weaker performance in its commercial segment.