Rob Arnott

9 results

Most of the Fanmags – Facebook, Amazon, Netflix, Microsoft, Apple, and Google – are “trading at valuations nearly as rich as they have ever traded,” according to investor Rob Arnott. Photograph: Alastair Pike/AFP/Getty Images
Tech stocks: bubble, bubble, toil and trouble?

Investors should avoid the broader US market and be especially wary of certain technology stocks that are, like bitcoin and controversial electric car(...)

President Donald Trump and vice-president Mike Pence examine an iconic Yellow Iron from Caterpillar. There has been much focus on the warning from Caterpillar’s chief executive that the first quarter of 2018 might prove to be a “high watermark” for the company. Photograph: Olivier Douliery/AFP/Getty Images
Are record corporate profit margins sustainable?

Corporate America has just enjoyed a bumper earnings season. Profits have risen by a quarter over the last year, underpinned by record high-profit mar(...)

Many high-profile investors share a scepticism towards Tesla, one of the most shorted stocks on the US market. Photograph: Denis Balibouse/Reuters
Bubble trouble: how should investors respond?

Should investors be worried about bubbles? If so, how should they respond? Worrying about excessively high prices might seem misplaced at the moment, (...)

Some of the highest Cape readings in history were registered prior to major market crashes, and the indicator has long been used by long-term investors to establish whether equities are cheap or expensive. Photograph: iStock
Cape fear: US stock valuations exceed 1929 peak

A strong start to 2018 means US stock market valuations continue to head higher, so much so that the S&P 500 now appears to be even more expensive(...)

“Stocks have more than tripled since March 2009, with six of the last eight years producing double-digit returns.” Photographer: Michael Nagle/Bloomberg
S&P 500 eyes ninth year of gains

An S&P 500 advance in 2017 would mark nine consecutive years of gains – a winning streak almost unparalleled in market history, equalling the 199(...)

NYSE traders: stocks can underperform for long periods.. Photograph: Brendan McDermid/Reuters
Fees are more important than asset allocation, says Mebane Faber

How much money should you put in global equities? Are bonds looking risky right now? Is an old-fashioned portfolio made up of equities and bonds suffi(...)

One-product wonder: the main risk for Apple is an over-reliance on one product (the iPhone), which accounts for 54 per cent of total revenues. Photograph: Adam Berry/Getty Images
Can high-flying Apple become the world’s first trillion-dollar company?

Apple, now valued at $700 billion, is the most valuable company in history. With its decade-long bull market showing no signs of tiredness, might the (...)

Petroceltic International’s share placing had been held up by a dispute between the board and Worldview Capital Management. Photograph: Getty Images/iStockphoto
Board changes at Petroceltic after shareholder dispute

Oil and gas exploration firm Petroceltic has announced a number of changes to its board following the ending of a dispute with its largest shareholder(...)

Winner’s curse: Apple shareholders suffered a torrid time shortly after the company smashed the market capitalisation record in August 2012, descending from a high of $705 (€520) per share to a low of $385 (€284) just seven months later. Photograph: David Paul Morris/Bloomberg
Beware the bite of the ‘top dogs’

All over the world, the “top dogs” in stock sectors go on to suffer years of underperformance, according to prominent money manager Rob Arnott. Just a(...)