What We’re Reading This Morning — February 19, 2015

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Why everyone — even Warren Buffett — got oil prices wrong.

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The Best Large Cap Value Stocks in the Market

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The Large Cap Value style ranks second out of the 12 styles for the first quarter of 2015 and receives our Neutral rating. The Large Cap Value style as a whole outperformed the Russell 3000 in 2014

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The Stocks Should Be a Staple In Your Porftolio

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The Consumer Staples sector ranks first out of the 10 sectors for the first quarter of 2015 and receives our Very Attractive rating. The Consumer Discretionary sector as a whole outperformed the S&P 500 in 2014, rising 15% to the S&P’s 12%

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1Q15 Sector Ratings for ETFs & Mutual Funds

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At the beginning of the first quarter of 2015, only the Consumer Staples sector earns an Attractive-or-better rating. Sector ratings are based on the aggregation of our fund ratings for every ETF and mutual fund in each sector.

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What We’re Reading This Morning — December 2, 2014

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What happened on Cyber Monday?

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What We’re Reading This Morning — November 13, 2014

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What are hedge funds doing about emerging markets?

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What We’re Reading This Morning — October 27, 2014

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What Will it Take to Change the Culture of Wall Street?

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Sector Rankings For ETFs & Mutual Funds

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At the beginning of the fourth quarter of 2014, only the Industrials and Consumer Staples sectors earn an Attractive-or-better rating.

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Big Value Opportunity In Liberty Tax

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Liberty Tax (TAX: $34/share) has carved out a successful niche as the discount option for tax return preparation. Despite its significantly smaller scale and brand awareness compared to competitors such as H&R Block (HRB) and Intuit (INTU), TAX still earns a comparable return on invested capital (ROIC). The beauty here is that the market values TAX at a considerable discount to HRB and INTU.

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Sector Rankings For ETFs & Mutual Funds

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At the beginning of the third quarter of 2014, only the Consumer Staples sector earns an Attractive-or-better rating.

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Carl Icahn May Be Fighting A Losing Battle With Family Dollar

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Icahn might be able to engineer a sale to DG or someone else that will earn himself and other shareholders a quick profit, but unlocking long-term value will be a much more difficult task.

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Sector Rankings For ETFs & Mutual Funds

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For the second quarter of 2014, only three sectors manage to even earn a Neutral rating. My sector ratings are based on the aggregation of my fund ratings for every ETF and mutual fund in each sector.

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Danger Zone: Tuesday Morning (TUES)

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Any brick and mortar retailer carries some risk in this environment, but investors who really want exposure to this sector should look for higher quality companies than TUES. Other retailers have superior profitability metrics, better branding and e-commerce capabilities, and a cheaper valuation. The only reason to touch TUES is to short it.

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No Progress From Amazon in 2013

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Amazon (AMZN: $356/share) filed its annual Form 10-K last week. Our analysts have picked through the financial footnotes and fine print. 2013 results reinforce my bearish thesis from May of 2013 that AMZN’s valuation implies a more unrealistic level of growth and profitability than investors realize.

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Best & Worst ETFs & Mutual Funds: Consumer Staples Sector

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Check out my sector overview on Reuters Insider here. The Consumer Staples sector ranks first out of the ten sectors as detailed in my Sector Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 10 ETFs and nine mutual funds in the Consumer Staples…

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How To Avoid the Worst Sector ETFs

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Picking from the multitude of sector ETFs is a daunting task. In any given sector there may be as many as 44 different ETFs, and there are at least 183 ETFs across all sectors.

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Sector Rankings For ETFs & Mutual Funds

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At the beginning of the fourth quarter of 2013, only the Consumer Staples sector earns an Attractive rating. My sector ratings are based on the aggregation of my fund ratings for every ETF and mutual fund in each sector.

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Danger Zone 8/19/13: Rite Aid (RAD)

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RAD is up against the ropes right now. The company has to contend with larger, more efficient competitors, significant debt, and declining sales. Don’t be fooled by the 150% growth in the share price this year. RAD is much worse off than its stock suggests.

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How to Avoid the Worst Style ETFs

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Picking from the multitude of style ETFs is a daunting task. There are as many as 42 in any given style and at least 223 ETFs across all styles.

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Off-Balance Sheet Debt – Invested Capital Adjustment

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Investors who ignore off-balance sheet debt are not holding companies accountable for all of the capital invested in their business. By adding back off-balance sheet debt to invested capital, one can get a true picture of the value that management is creating for shareholders. Diligence pays.

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