Account
By James RobertsMy Stockdiagnostics model has 14 positions and about 12% cash as of April 30, 2013. Two of the 14 positions are what I term multi-industry investments: Leucadiaand Boulder Income Fund. Boulder Income Fund is a traditional closed-end fund invested around 25% in Berkshire Hathaway.With Boulder trading at approximately a 15% discount to NAV, it seems like an attractive way to invest in Berkshire, in my opinion. Leucadia and Berkshire are in a joint mortgage venture called Berkadia . The Berkshire annual meeting is held in May, and we are starting to see some of Buffett's comments in the media.Berkshire Hathaway has a long term position in Wells Fargo. Portfolio's holdings in Wells Fargo were sold on May 6, 2013 in an attempt to eliminate overexposure while recognizing that the banking sector is not much more attractive than average these days.JP Morgan was sold in the last 60 days, as well. The portfolio has been in and out of Safeway at a loss, but continues to hold Krog...
J.M. Smucker (NYSE:SJM) said Tuesday it cut the list price for the majority of its U.S. packaged coffee products by an average 6%, citing sustained lower prices for ...
A trio of food makers posted mixed quarterly results Friday, as Campbell Soup Co. (CPB) and J.M. Smucker Co. (SJM) eked out some sales growth, while Kraft Foods Grou...
Earnings HQ: FBN’s Connell McShane breaks down earnings reports.
J.M. Smucker (NYSE:SJM) revealed a third-quarter beat on the top and bottom lines on Friday as an infusion from the recently acquired Sara Lee coffee business helped...
J.M. Smucker Co. said Friday fiscal third-quarter earnings rose to $154.2 million, or $1.42 per share, from $116.8 million, or $1.03 per share, a year earlier. Net i...
In the largest food acquisition on record, Warren Buffett's Berkshire Hathaway and 3G Capital surprised Wall Street on Thursday by shelling out $28 billion to acquir...
Several major consumer foods and media companies are scheduled to report their quarterly results next week, though much focus in the equities world will go to McGraw...
It's never too early to start applying for scholarships. Although senior year is synonymous with searching for college aid, children under 13 and as young as 5 can e...
Hormel Foods Corp agreed to buy Skippy, the iconic U.S. peanut butter brand, from Unilever Plc for $700 million, adding the well-known kids lunch staple to a portfol...
J.M. Smucker (NYSE:SJM) matched Wall Street's expectations on Friday with a 17% increase in fiscal second-quarter profits, leading the jam and jelly maker to boost i...
J.M. Smucker Co. said on Friday that its fiscal second-quarter profit rose to $148.8 million, or $1.36 a share, from $127.2 million, or $1.12 a share a year ago. On ...
Peanut-butter hoarders can relax.U.S. peanut farmers are harvesting a record crop this year, with the U.S. Department of Agriculture last week raising its estimate f...
Kraft Foods Group Inc. (KRFT) is cutting prices 6% on Gevalia coffee sold at supermarkets and other retailers due to the drop in green coffee costs, following a simi...
Starbucks Corp. (SBUX) is lowering the price of its packaged coffee sold in U.S. grocery stores, following similar moves by competitors now that green coffee prices ...
Starbucks Corp (NASDAQ:SBUX) on Friday said it would cut grocery list prices on its namesake and Seattle's Best packaged coffee by 10 percent or more on May 10, as c...
As vexing as it has been to plenty of experts and pundits, the rally in U.S. stocks has been one of the risk variety. Plain and simple, low volatility sectors have l...
Kraft Foods Group Inc. (KRFT) is taking direct aim at Starbucks Corp. (SBUX), its one-time partner turned bitter courtroom rival, in the coffee wars, touting in its ...
Kraft Foods Group Inc. (KRFT) cut prices for its Maxwell House and Yuban coffees by about 6%, following a similar move by rival J.M. Smucker Co. (SJM) this week.Both...
FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.