Wednesday, July 23, 2014
Earnings News
New product pipeline buzz and management’s bullishness on holiday revenue growth overshadow modestly disappointing third-quarter revenue, says Morningstar’s Brian Colello.
Special Report
In this final excerpt from their new book, Morningstar's Heather Brilliant and Elizabeth Collins examine how companies can build competitive advantages around network effect and scale efficiency.
Five-Star Investor
Bargains are hard to find in a market hovering just above fairly valued levels, but new data may provide some clues.
Stock Strategist
This snowplow manufacturer shows pricing power indicative of a narrow moat, and a warmer winter might melt investors' high expectations and create an entry point into this stock.
Heard on the Boards
Did you retire early--say, prior to age 65? If so, we'd like to hear how you did it--especially if you managed to retire early without taking an Internet company public or inheriting a lot of money from your parents.
    Morningstar Minute
    Medalist of the Week
    This fund has to overcome a major hurdle with its expenses, but it has far exceeded expectations in a short time frame.
      Earnings Insights
      Stock Analyst Notes
      Although some of Google's nontraditional products could have smaller margins, they still have strong potential for growth, and the stock remains a suitable core holding for many investors.
      Morningstar Specialists
      Sam Lee: Rational Investing
      And when to make big bets.
        Christine Benz: Real-life Finance
        Longevity annuities might be a newly available option for your IRA, but retirees should weigh the pros and cons before buying these vehicles.
          Rekenthaler Report
          These funds may have been second-rate but seem no longer to be.
            Bob Johnson: Reading Indicators
            Increasing employment and income data suggest that retail sales could accelerate even more from here, says Morningstar's Bob Johnson.
              Russ Kinnel: Fund Investing
              Keep an eye on these Medalist funds that have hefty weightings in energy and materials, says Morningstar's Russ Kinnel.
                Josh Peters: Dividend Investing
                Companies are buying back shares at near-record levels, but Morningstar's Josh Peters says firms can serve shareholders much better with dividends rather than stock repurchases.
                  Matt Coffina: Wide-Moat Investing
                  With the uptick in merger and acquisition activity, whether it be for tax-inversion or strategic reasons, investors should focus on the target company, which can benefit from the deal immediately, says Morningstar's Matt Coffina.
                    Real Life Finance
                    The Short Answer
                    We clear up terms such as margin of safety, risk-free rate of return, and sensitive stocks.
                      Stocks
                      Stock Strategist
                      Attractive growth opportunities can't cover up nosebleed valuations.
                        Mutual Funds
                        Fund Spy
                        A shift is under way in the makeup of the taxable-bond universe.
                          Perspectives
                          Perspectives: GMO
                          GMO's Jeremy Grantham looks back at investing mistakes made over his 47-year career, expresses his concerns about a highflying market as well as a dearth of food and fertilizer, and revisits the Keystone.
                            ETFs
                            ETF Spotlight
                            At first blush, this fund's strategy appears complex, but it is essentially a combination of traditional factors and equal weighting.
                              Bonds
                              Video Report
                              The risk of bank-loan defaults is muted at the same time investor demand for such products remains elevated, but this volatile asset class is not for near-term cash needs, says Fidelity's Eric Mollenhauer.
                                Closed-End Funds
                                CEF Weekly
                                Regional equities struggled but MLPs surged ahead in the first half of 2014.
                                  Market Barometer
                                  Lg
                                  Md
                                  Sm
                                  Value—Growth
                                  Day Return
                                  +1.25%
                                  0
                                  -1.25%
                                  1Wk Return
                                  +1.25%
                                  0
                                  -1.25%
                                  1Mo Return
                                  +4%
                                  0
                                  -4%
                                  3Mo Return
                                  +8%
                                  0
                                  -8%
                                  1Yr Return
                                  +20%
                                  0
                                  -20%
                                  3Yr Return
                                  +20%
                                  0
                                  -20%
                                  1Wk1Mo3Mo1Yr3Yr
                                  Market Consensus
                                  NA
                                  Actual
                                  2.4%
                                  Market Consensus
                                  NA
                                  Actual
                                  -3.969M
                                  Market Consensus
                                  308K
                                  Actual
                                  Market Consensus
                                  2533K
                                  Actual
                                  Market Consensus
                                  475K
                                  Actual
                                  Market Consensus
                                  NA
                                  Actual
                                  Market Indexes
                                  DJIA
                                  17,096
                                  -17.1
                                  -0.1%
                                  S&P 500
                                  1,988
                                  4.6
                                  0.2%
                                  NASDAQ
                                  4,474
                                  18.3
                                  0.4%
                                  Morningstar U.S. Market
                                  5,012
                                  10.8
                                  0.2%
                                  Morningstar Small Cap
                                  7,541
                                  9.4
                                  0.1%
                                  Commodity Futures
                                  Gold
                                  $1,313.40
                                  0.56%
                                  Jul 14
                                  Light Crude
                                  $103.04
                                  0.63%
                                  Sep 14
                                  Natural Gas
                                  $3.77
                                  0.00%
                                  Aug 14
                                  Maturity
                                  %Yield
                                  6 Month
                                  0.07
                                  2 Year
                                  0.49
                                  5 Year
                                  1.68
                                  10 Year
                                  2.48
                                  30 Year
                                  3.25
                                  1 Yr Ago
                                  Last Close
                                  Data as of last close