Why This Legendary Value Manager Likes Alphabet and Citigroup Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 29 2024
0mins
Source: barron's
- Bill Nygren's Investment Approach: Nygren, a value investor, focuses on finding bargains and considers intangible assets in stock valuation.
- Shift in Portfolio Holdings: While previously holding growth stocks like Amazon and Adobe, Nygren now focuses on traditional value stocks with lower P/E ratios.
- Performance and Record: The Oakmark Fund managed by Nygren has outperformed peers based on various timeframes, with a 15-year annual return of about 15%.
- Market Perspective: Nygren believes that new market highs are not necessarily cautionary signals and advocates for holding portfolios during such times.
- Current Holdings and Strategy: Nygren's fund includes companies like Citigroup, APA, and General Motors, which are undergoing transformations and returning capital to shareholders.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 357.770
Low
305.00
Averages
374.25
High
400.00
Current: 357.770
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Trade War Concerns: Despite the positive impact of the peace deal, Trump warned of a potential new trade war with France, demanding the repeal of a digital tax on U.S. tech companies or facing 100% tariffs on French wines, highlighting the complexities of international trade relations.
See More
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