Howard Marks Says FANG Stocks Are Supporting a Bull Market
If we analyze the history of the stock market, we see that investors need to be cautious when prices are at elevated levels.
Bond yields are at a historic lower level, and emerging market bonds are yielding lower than high-yield bonds.
Marks advised investors to be cautious and look at low-risk investments to safeguard their returns from possible future losses.
In an interview with CNBC’s Halftime Report on August 10, Howard Marks shared his views on market valuation, risk in the market, and FANG stocks.
Kimberly-Clark’s (KMB) 2016 net sales fell 2.0% due to declines in every segment.
Coca-Cola (KO) recorded a fall of 6.0% in its 2016 net operating revenues due to a decline in its Third Party and Intersegment segments.
Genuine Parts (GPC) recorded a marginal growth in its 2016 net sales, driven by its Automotive and Office Products segments.
Consolidated Edison’s (ED) 2016 operating revenues fell 4.0% due to a decline in every segment; namely, electric, gas, steam, and non-utility.
Emersion Electric’s (EMR) 2016 net sales fell 11.0% due to a fall in every segment.
AbbVie (ABBV) recorded a 12.0% rise in net revenue for 2016, mainly driven by Humira and Imbruvica.
ExxonMobil’s (XOM) story is similar to Chevron’s. The company’s sales and other operating revenue for 2016 fell 16.0%.
Chevron’s (CVX) total sales and other operating revenues for 2016 fell 15.0% due to volatility in commodity prices.
Target’s (TGT) sales for 2016 fell 6.0% due to lower comparable store sales and weak store traffic.
AT&T (T) has managed to record growth in its 2016 revenues, mainly driven by its Entertainment Group and International segments.
The S&P 500 Dividend Aristocrat Index is made up of 51 S&P 500 (SPY) (SPX-INDEX) companies that have increased their dividends for 25 successive years.
Omega Advisors chief executive officer Leon Cooperman has expressed a fervent faith in the technology sector—and in Alphabet, in particular.
Leon Cooperman, chief executive officer of Omega Advisors, is a great believer in the technology sector.
According to Cooperman, the global economy is doing well, and there’s synchronized growth around the world.
When asked about the valuation of the market, Cooperman said that he thinks “the market is fully valued.”
Billionaire investor and bond guru Jeffrey Gundlach also shared his view on bond yields in an interview with CNBC.