Legg Mason Capital Management’s chairman and chief investment officer Bill Miller believes that currently U.S. stocks are cheap based on valuation and prices. He thinks the S&P 500 could rise as much as 15% this year. He advises investors to take advantage of U.S. stocks especially those in the large-cap market. For this year, Miller’s …
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The top 10 widely held ADRs by institutions as measured by ownership value as of December 31, 2010 are listed below in descending order: 1.Name: America Movil (AMX) Sector: Telecom Country: Mexico 2.Name: Teva Pharmaceuticals (TEVA) Sector: Generic Drugs Country: Israel 3.Name: UBS AG (UBS) Sector: Financial Services Country: Switzerland 4.Name: VALE SA (VALE) Sector: …
Charlotte-NC, based Duke Energy (DUK) has announced a deal to buy Progress Energy Inc (PGN) for $13.7 billion in an all-stock transaction. The combined company to be called Duke Energy Corp would be the largest utility in the U.S. with about 7.1 million customers in the states of Florida, North Carolina, South Carolina, Indiana, Kentucky …
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Many of the small and regional U.S. banks trade on the NASDAQ market. In the past few years some of these banks have disappeared after they were shutdown by regulators or taken over by competitors. After TARP, many of the survivors have cleaned up their balance-sheets and are slowly recovering to attain pre-crisis levels. While …
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Five foreign electric utility ADRs trading on the OTC markets is listed in the table below: [TABLE=869] CLP Holdings Limited(CLPHY) is a Hong Kong-based electric utility with operations in China, Taiwan, Australia, India and Southeast Asia. Since the credit crisis the stock has recovered nicely and closed near its 5-year high of about $8.5o on …
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