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Tracking Danoff and His $65 Billion
at 2006-03-22 12:06:56
I have read and heard many positive things about Fidelity Contrafund Manager Will Danoff. He is known for picking growth stocks in their early stages. Danoff is one of the best stockpickers of all-time, especially considering he has to manage $65 billion.
Here are some new positions for the Fidelity Contrafund (FCNTX) as of 12/31/05. This is not a complete list. Danoff generally does not buy all at once, so I would expect him to keep buying these names.
BioMarin (BMRN)
Cerner (CERN)Exelixis Inc. (EXEL)ICOS Corp. (ICOS)
Banking on $150
at 2006-03-22 12:06:56
Both Lehman Brothers (LEH) and Goldman Sachs (GS) have been favorites of mine for over a year. I own some shares of Lehman. The question is who will get to $150 first. The next question is who will split their stock first. Goldman, Lehman, and Bear (BSC) are all near record highs and they continue to be market leaders. I have my money on Lehman.
Goldcorp Reports Record Earnings
at 2006-03-22 12:06:56
Goldcorp (GG) reported record quarterly earnings Sunday. Fiscal 2005 earnings increased 460% to $286 million ($0.91 Per Share). Q4 earnings were $102 million ($0.30 Per Share vs. $0.22 Estimate). Q4 revenues $268,300,000 vs 239,700,000 ( average estimate)
. Looks like a very solid quarter for Goldcorp.
Note: I am have no position in Goldcorp.
AT&T to Buy BellSouth
at 2006-03-22 12:06:55
at&t (T), the stock formally known as SBC, is making a $67 billion bid for BellSouth (BLS). SBC recently closed its acquisition of AT&T and subsequently changed its name to at&t. I wouldn't be surprised if this deal gets shot down the government. But the then again, Baby Bells have been friendly with Washington.
Stocks to watch: Cincinnati Bell (CBB), Qwest (Q), Alltel (AT), Sprint Nextel (S), and Verizon (VZ).
Top in Commodities
at 2006-03-22 12:06:55
Roger over at Random Roger's Big Picture has a nice article about a potential top in commodities and emerging market stocks. I personally tried to go long Southern Copper but was luckily stopped out. I still have significant exposure with Bema Gold (BGO), Tesoro Petroleum (TSO), and Chesapeake Energy (CHK).
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