On this week's Consuelo Mack WealthTrack, a powerful financial duo! Goldman Sachs' veteran investment strategist, Abby Joseph Cohen and First Eagle Fund's global value manager Matthew McLennan, discuss the new world economic order and how investors can take advantage of it.
Check out Cousuelo Mark’s Wealthtrack for more insightful interviews and transcripts.
You can see that Cohen and McLennan have quite different readings on the economy and the markets.
GuruFocus tracks First Eagle Fund’s portfolio under Jean-Marie Eveillard, the predecessor and mentor of Mclennan. Eveillard stepped down from the day-to-day operation of the fund, and chose to serve as the advisor. As of September 30, the firm has the following stocks as top holdings:
No. 1: Gold Fields Ltd. (GFI, Financial), Weightings: 3.99% - 41,311,709 Shares
Gold Fields Limited is one of the world's largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. Gold Fields Ltd. has a market cap of $12.78 billion; its shares were traded at around $17.75 with a P/E ratio of 29.1 and P/S ratio of 3. The dividend yield of Gold Fields Ltd. stocks is 0.9%. Gold Fields Ltd. had an annual average earning growth of 5.6% over the past 10 years.
No. 2: Apache Corp. (APA, Financial), Weightings: 2.8% - 4,529,519 Shares
Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $42.46 billion; its shares were traded at around $116.45 with a P/E ratio of 13.4 and P/S ratio of 4.9. The dividend yield of Apache Corp. stocks is 0.5%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.
No. 3: Cintas Corp. (CTAS, Financial), Weightings: 2.67% - 15,354,863 Shares
Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. Cintas Corp. has a market cap of $4.24 billion; its shares were traded at around $29.19 with a P/E ratio of 20 and P/S ratio of 1.1. The dividend yield of Cintas Corp. stocks is 1.7%. Cintas Corp. had an annual average earning growth of 3.7% over the past 10 years.
No. 4: Newmont Mining Corp. (NEM, Financial), Weightings: 2.49% - 6,273,650 Shares
Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. Newmont Mining Corp. has a market cap of $28.88 billion; its shares were traded at around $59.4 with a P/E ratio of 15.7 and P/S ratio of 3.8. The dividend yield of Newmont Mining Corp. stocks is 1%. Newmont Mining Corp. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Newmont Mining Corp. the business predictability rank of 2.5-star.
No. 5: American Express Company (AXP, Financial), Weightings: 2.47% - 9,307,604 Shares
American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Company has a market cap of $52.98 billion; its shares were traded at around $44.01 with a P/E ratio of 14.4 and P/S ratio of 2.2. The dividend yield of American Express Company stocks is 1.7%.
No. 6: Berkshire Hathaway Inc. (BRK.A, Financial), Weightings: 2.38% - 3,027 Shares
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $196.3 billion; its shares were traded at around $119150 with a P/E ratio of 16.8 and P/S ratio of 1.8. Berkshire Hathaway Inc. had an annual average earning growth of 3.7% over the past 10 years.
Check out First Eagle’s complete stock portfolio by clicking on Jean-Marie Eveillard.
Check out Cousuelo Mark’s Wealthtrack for more insightful interviews and transcripts.
You can see that Cohen and McLennan have quite different readings on the economy and the markets.
GuruFocus tracks First Eagle Fund’s portfolio under Jean-Marie Eveillard, the predecessor and mentor of Mclennan. Eveillard stepped down from the day-to-day operation of the fund, and chose to serve as the advisor. As of September 30, the firm has the following stocks as top holdings:
No. 1: Gold Fields Ltd. (GFI, Financial), Weightings: 3.99% - 41,311,709 Shares
Gold Fields Limited is one of the world's largest unhedged gold producers with operating mines in South Africa, Ghana, and Australia. Gold Fields Ltd. has a market cap of $12.78 billion; its shares were traded at around $17.75 with a P/E ratio of 29.1 and P/S ratio of 3. The dividend yield of Gold Fields Ltd. stocks is 0.9%. Gold Fields Ltd. had an annual average earning growth of 5.6% over the past 10 years.
No. 2: Apache Corp. (APA, Financial), Weightings: 2.8% - 4,529,519 Shares
Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. Apache Corp. has a market cap of $42.46 billion; its shares were traded at around $116.45 with a P/E ratio of 13.4 and P/S ratio of 4.9. The dividend yield of Apache Corp. stocks is 0.5%. Apache Corp. had an annual average earning growth of 16.6% over the past 10 years. GuruFocus rated Apache Corp. the business predictability rank of 3-star.
No. 3: Cintas Corp. (CTAS, Financial), Weightings: 2.67% - 15,354,863 Shares
Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. Cintas Corp. has a market cap of $4.24 billion; its shares were traded at around $29.19 with a P/E ratio of 20 and P/S ratio of 1.1. The dividend yield of Cintas Corp. stocks is 1.7%. Cintas Corp. had an annual average earning growth of 3.7% over the past 10 years.
No. 4: Newmont Mining Corp. (NEM, Financial), Weightings: 2.49% - 6,273,650 Shares
Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. Newmont Mining Corp. has a market cap of $28.88 billion; its shares were traded at around $59.4 with a P/E ratio of 15.7 and P/S ratio of 3.8. The dividend yield of Newmont Mining Corp. stocks is 1%. Newmont Mining Corp. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Newmont Mining Corp. the business predictability rank of 2.5-star.
No. 5: American Express Company (AXP, Financial), Weightings: 2.47% - 9,307,604 Shares
American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Company has a market cap of $52.98 billion; its shares were traded at around $44.01 with a P/E ratio of 14.4 and P/S ratio of 2.2. The dividend yield of American Express Company stocks is 1.7%.
No. 6: Berkshire Hathaway Inc. (BRK.A, Financial), Weightings: 2.38% - 3,027 Shares
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $196.3 billion; its shares were traded at around $119150 with a P/E ratio of 16.8 and P/S ratio of 1.8. Berkshire Hathaway Inc. had an annual average earning growth of 3.7% over the past 10 years.
Check out First Eagle’s complete stock portfolio by clicking on Jean-Marie Eveillard.
