Sentences with phrase «term value of stock market»

One of Buffett's most controversial bets — a bubble - era wager on the long - term value of stock market indexes, using tools he once scorned as «weapons of financial mass destruction» — started to pay off in the fourth quarter.

Not exact matches

Graham's philosophy of «value investing» — which shields investors from substantial error and teaches them to develop long - term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.»

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

His evidence: rising short rates, low long - term rates (suggestive of little inflation), the rise in value stocks, and outperformance in emerging markets relative to U.S. equities.

Just how Tribune (TPUB) would mount a hostile takeover bid for Gannett (GCI), a company that is more than four times its size in terms of stock - market value, is unclear.

Subject to the provisions of our 2015 Plan, the administrator will determine the other terms of stock appreciation rights, including when such rights become exercisable and whether to pay any amount of appreciation in cash, shares of our Class A common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise of a stock appreciation right must be no less than 100 % of the fair market value per share on the date of grant.

The term of an incentive stock option may not exceed ten years, except that with respect to any participant who owns more than 10 % of the voting power of all classes of our outstanding stock, the term must not exceed five years and the exercise price must equal at least 110 % of the fair market value on the grant date subject to the provisions of our 2015 Plan.

This leads to a fundamental belief among value investors that although the stock market may, in the short - term, wildly depart from the fundamentals of a business, in the long - run the fundamentals are all that matter.

Provided, however, that an incentive stock option held by a participant who owns more than 10 % of the total combined voting power of all classes of our stock, or of certain of our parent or subsidiary corporations, may not have a term in excess of five years and must have an exercise price of at least 110 % of the fair market value of our common stock on the grant date.

Subject to the provisions of our 2016 Plan, the administrator determines the other terms and conditions of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation in cash or with shares of our common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise of a stock appreciation right will be no less than 100 % of the fair market value per share on the date of grant.

Subject to the provisions of our 2010 Plan, the administrator determines the terms of stock appreciation rights, including when such rights vest and become exercisable and whether to settle such awards in cash or with shares of our common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise of a stock appreciation right will be no less than 100 % of the fair market value per share on the date of grant.

Subject to the provisions of our 2013 Plan, the administrator determines the other terms of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation in cash or with shares of our common stock, or a combination thereof, except that the per share exercise price for the shares to be issued pursuant to the exercise of a stock appreciation right will be no less than 100 % of the fair market value per share on the date of grant.

Under the terms of our equity incentive plans, the fair market value on the grant date is defined as the average of the high and low trading prices of FedEx's stock on the New York Stock Exchange on thatstock on the New York Stock Exchange on thatStock Exchange on that day.

The term of an incentive stock option may not exceed 10 years, except that with respect to any participant who owns more than 10 % of the voting power of all classes of our outstanding stock, the term must not exceed 5 years and the exercise price must equal at least 110 % of the fair market value on the grant date.

The term of an incentive stock option may not exceed ten years, except that with respect to any participant who owns more than 10 % of the voting power of all classes of our outstanding stock, the term must not exceed five years and the exercise price must equal at least 110 % of the fair market value on the grant date.

This compares poorly to the Consumer Staples Sector, where 73 % (in terms of market value of stocks) of stocks get and Attractive - or - better rating.

78 % (in terms of market value) of stocks in the Financial Sector are Neutral - or - worse - rated stocks.

We argued that the market had experienced a multi-year process of de-rating, as stock prices languished while corporate cash flows and book values had multiplied, and had become inexpensive in absolute and relative terms.

Reuters cited «a disappointing outlook from Cisco Systems (NASDAQ: CSCO)» as one of the factors weighing on the market this morning, but as I pointed out in my review of Cisco's fiscal second - quarter earnings, the outlook wasn't disappointing and today's decline in the stock looks like a buying opportunity for long - term, value - oriented investors.

I think it's in the nature of long term shareholding of the normal vicissitudes, in worldly outcomes, and in markets that the long - term holder has his quoted value of his stocks go down by say 50 %.

But we continue to believe that in the absence of a remarkable increase in bank revenue and earnings this week and next, the market value of equity for the four zombie dance queens is likely to go lower in the near term as value and stock prices return to balance.

The default assumptions for comparing the harvesting strategies are 60:40 equity bonds, 30 year retirement and portfolios of bonds in intermediate (not short) term treasuries and stock in 70 % total market and 10 % each in small company, small value and large value.

We don't believe this higher price of oil reflects a long - term market - clearing price and, for that reason, we value oil stocks using an assumption thatoil prices will fall.

Now, finally, the stock market is fairly - valued for conditions of low inflation and low interest rates (assuming average long - term economic growth in the future).

In the short - term, the market's tide will raise and lower all boats, but value investing works in the long - run, and unless you're in a late 1990's type mania, I think it probably is best to completely ignore the overall market and just focus on looking for undervalued stocks of individual companies that you think will be doing more business in five years than they are now.

Looking back through history, whenever value stocks have gotten this cheap, subsequent long - term returns have generally been strong.3 From current depressed valuation levels, value stocks have in the past, on average, doubled over the next five years.4 Not that we necessarily expect returns of this magnitude this time around, but based on the data and our six decades of experience investing through various market cycles, we believe the current risk / reward proposition is heavily skewed in favor of long - term value investors.

Cory Renauer (Geron): My biotech stock pick to begin the new year suffered a market beat - down in 2016, and is now one of its industry's most intriguing long - term value plays.

(gg) «Stock Appreciation Right» or «SAR» means a right granted under Section 8 which entitles the recipient to receive an amount equal to the excess of the Fair Market Value of a Share on the date of exercise of the Stock Appreciation Right over the exercise price thereof on such terms and conditions as are specified in the agreement or other documents evidencing the Award (the «SAR Agreement»).

Templeton, Graham and Buffett reasoned that herding behavior (including momentum traders and short - term speculators that chase price trends) and overreaction bias (the tendency of people to overreact to bad news) are strong forces in the market that can push stocks far below their fair value.

Value stocks, small - cap companies, stocks with momentum — all of these have indeed been shown to outperform the broad market over the long term in many studies.

The portfolio managers seek to purchase stocks that are reasonably priced in relation to their fundamental value and that the portfolio managers believe will grow in value over time regardless of short - term market fluctuations.

For those unfamiliar with the term, «enterprise value» is defined here as market cap (including preferred stock) + value of net debt, or what you might think of as the acquisition price of the company.

While there is much that remains unknowable in financial markets, what we do know is that Graham's «big idea» — that a common stock represents a fractional ownership interest in a business and that the essence of investment is to attempt to exploit discrepancies between the intrinsic value of a business and its price in publicly traded markets — has empirically and practically worked over the long term.

John Bogle and other lumpers warn us that it's unlikely that a typical investor will stick with a strategy that doesn't work as expected for 10 years or longer, and that abandoning the bets on small - cap or value stocks after an extended period of underperformance will reduce the investor's long - term returns relative to simply investing in the total stock market.

Negative publicity relating to unsatisfactory earnings reports or legal problems are indicators of a value stock as the market will negatively view the company's long - term prospects.

Instead of the rational machine for accurately valuing assets that we all think it is, the stock market might actually be a sloppy and chaotic mechanism that at best only tends toward true long - term value.

For investors with a long - term investment horizon seeking capital appreciation in excess of stock market returns, the Towle Deep Value Fund may diversify their scope of investment and potentially enhance core equity portfolios.

Just as individual companies, the stock market and currencies follow the investment market's pendulum swings of euphoria to depression and overpricing to underpricing to use some of the terms often used by the legendary value investor Howard Marks.

The author warns, «Portfolio managers who pursue the long - term benefits of exposure to the momentum factor may place the portfolio's value at risk when momentum results or market returns change direction, potentially upending the benefits of a recent positive exposure to momentum stocks.»

All stocks in the Nasdaq 100 Index come from the top 125 eligible securities in terms of market value.

To the long - term value investor, there are really only a handful of circumstances that warrant a retreat from the stock market:

Investing authority Paul Merriman explains how to turn $ 3,000 into $ 50 million and talks to Joe and Big Al about value vs. growth companies, market timing, choosing the right mix of stocks, bonds and other investments, and which stocks don't beat even Treasuries in the long term.

Piotroski recognized that, although it has long been shown that value stocks (or high book - to - market firms as he calls them) have strong returns as a group, there is nevertheless a very wide variability in terms of the returns of these stocks, with most of them performing worse than the market.

But once the market becomes not only richly valued, but sentiment becomes broadly bullish and stocks become overbought on a shorter - term basis, the return / risk profile of the market becomes unfavorable even for speculation» (see Baron Rothschild).

Of course, we're already seeing this phenomenon in terms of investor sentiment & the markets... and conversely, small cap / value stocks are now being generally neglected as far too difficult & illiquid a proposition for most such buyerOf course, we're already seeing this phenomenon in terms of investor sentiment & the markets... and conversely, small cap / value stocks are now being generally neglected as far too difficult & illiquid a proposition for most such buyerof investor sentiment & the markets... and conversely, small cap / value stocks are now being generally neglected as far too difficult & illiquid a proposition for most such buyers.

They have also broken out the performance of value stocks during Japan's long - term bear market over the 1990 to 2011 period, when the stock market dropped 62.21 percent.

That is — the value of your portfolio assuming the long - term valuation of the stock market is only 60 % of the current valuation.

To calculate the «true» value of your investments (that is, what their price would be at the stock market's long - term average valuation) you just multiply the value of your investments by the MCTWI.

The real key to a successful retirement investing strategy is to arrive at an appropriate mix of stocks vs. bonds — that is, enough stocks to provide a bit of long - term growth potential but also a large enough bond stake to prevent your nest egg from losing too much value when the stock market goes into one of its periodic slumps.

Do that, and you'll gain exposure to virtually every type of publicly traded stock in the world (large and small, growth and value, domestic and foreign, all industries and sectors) as well as the entire U.S. investment - grade taxable bond market (short - to long - term maturities, corporates, Treasuries and mortgage - backed issues).