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pridella@argusresearch.com
www.argusresearch.com
Contact: Patricia Ridella
New York, NY 10006
212.425.7500, ext. 3047
Fax: 212.509.5408
pridella@argusresearch.com
www.argusresearch.com
Contact: Patricia Ridella
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About Argus Research Corporation
Argus Research is a leading independent investment research organization providing quality research since 1934. Argus analysts, economists, and portfolio strategists forecast and monitor economic trends, analyze industries, and issue recommendations (buy, hold or sell) on a universe of 500 stocks. Each Argus rating must have a clear, reasonable, and adequate basis. The process starts with the analyst's application of our rigorous six-point system which includes meetings with senior managers. This methodology combined with our independence enables us to develop ideas which are then communicated in a straight forward manner to our clients, making them compete effectively in the marketplace.
Argus Research Corporation's Articles
Housing is in a summer slump, but help is on the way. Meanwhile, DR Horton Inc. (DHI) is one of the largest US homebuilders based on home deliveries and revenue. We remain bullish on homebuilders because we believe there is currently a major shortage of affordable homes, asserts Jeff Eade, president of Argus Research.
We are reiterating our “Buy” rating and raising our target to $470 from $450 on Berkshire Hathaway Inc. (BRK.B). We have a positive view of the conglomerate nature of Berkshire, whose stock returns have doubled those of the S&P 500 since 1965 (compound annual growth of 19.8% versus 10.2% for the index), says Stephen Biggar, analyst at Argus Research.
Even following the late-month selloff, stocks entered the final trading week of July barely changed for the month. August has been volatile so far, with the stock market reacting to weak economic data from the industrial and jobs economy and concerns that the Fed has remained restrictive for too long. But given its strong first half, the stock market is still up year to date, notes John Eade, president of Argus Research.
Equity investors enjoyed the first half of 2024, as the S&P 500 logged a double-digit gain. Historically, that type of performance has been a precursor to further increases in stocks by the end of the year. Meanwhile, NetApp Inc. (NTAP) recently conducted its annual investor meeting in New York. The company provided several encouraging three-year growth targets there, writes John Eade, president of Argus Research.
Argus Research Corporation's Videos
With the bull market coming up on its 11th anniversary, can stocks remain the asset class of choice and will the economy remain cooperative? Join John Eade for a discussion of the Argus economic and market outlook and stocks that Argus analysts believe will be outperformers in the year ahead.
John Eade
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