Paul Price

Jun 15, 2024 | pro.thestreet.com | Paul Price |Helene Meisler |Doug Kass |Chris Versace

Investors like to think stock market actions reflect fundamentals in a rational manner. That is typically true over the long-term. For any given period, however, we see some impossible-to-fathom share-price movements. This week’s Value Line edition covered the Building Materials industry group. Here are two glaring examples of how out-of-touch share prices can get when compared with the underlying firms’ profitability.

May 16, 2024 | pro.thestreet.com | Paul Price |Helene Meisler |Doug Kass |Chris Versace

Since 1929 there have been 27 bear markets (defined as 20% minimum declines following 20% minimum gains) in the S&P 500 or its equivalent. The average percentage selloff totaled (-35.1%) and ran about 0.78-year. The median decline was (-32.9%) incurred over about 0.66-year. The 27 bull markets which followed, including the current one through May 15, 2024, saw average gains of +114.4% earned over about 2.77 years. The median advance was +76.4% achieved over 1.43 years.

May 6, 2024 | pro.thestreet.com | Paul Price |Helene Meisler |Doug Kass |Chris Versace

What is the answer to the question in my title? How is my whole portfolio faring on a long-term basis? We all dream about buying a stock at an all-time low and seeing it immediately turn higher. We also picture selling at outrageously high prices and watching with satisfaction as the top tick fades away and the shares go back down. The reality is that those scenarios rarely happen. Stocks that appear cheap sometimes get even cheaper.

Apr 29, 2024 | pro.thestreet.com | Paul Price |Helene Meisler |Doug Kass |Chris Versace

Technology company Oracle  (ORCL)  is on pace to post about $54 billion in sales in fiscal year 2024 (ends May 31, 2024). The shares performed very well since the Covid-panic of 2020, rising from just south of $40 to nearly $133 as recently as March 21 of this year. Since then they have tailed off a bit, closing last week at $117.21. I enthusiastically recommended ORCL here during June 2018 when it fetched just $42.67.

Apr 25, 2024 | pro.thestreet.com | Paul Price |Helene Meisler |Doug Kass |Chris Versace

Many people fool themselves into thinking they are prudently investing. Many high-volume stocks, though, are nothing more than the equivalent of risky sports betting, where quick results can prove very profitable or end up as 100% losses of principal. Look back at these three formerly high-flying stocks to get proof of what I am speaking about. Affirm Holdings  (AFRM)  came public in January 2021 priced at $49 per share. It ended that day up 98.5% from its IPO level.