wikinvest Sr. Director
|last edit 3062||days ago|
A light week for the Magic Recipe Spell, following a pretty active one last week. Only 3 positions turned over, and only 2 10% movers this week. Here is the list (subscriber spell changes here):
Tickers dropping out:
Argan, Inc. (AGX)
Sturm, Ruger & Company, Inc. (RGR)
Lear Corporation (LEA)
KLA-Tencor Corporation (KLAC)
Jazz Pharmaceuticals Plc (JAZZ)
Herman Miller, Inc.... read more
Like most investors, I was pretty shocked to see the news late last week that Warren Buffett's Berkshire Hathaway (BRKB) had just taken a stake in not one, not two, but FOUR different airline stocks!
Why is this shocking, you ask? Well, look at these past quotes from the "Oracle of Omaha" regarding the airline industry:
"Here a durable competitive advantage has proven... read more
The financial updates for Q3 rolled in last weekend, and with the new earnings numbers we have a major reset in the Magic Recipe Spell, with a full 11 positions turning over.
A lot of the "new" stocks are past tenants of the Magic Recipe Spell, including IDCC, AGX, CPLA, CHKP, etc. A few others stand out, though. Last week, we talked about the drug distributors, and this week two... read more