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  1. Baxter's Spin-Off Strategy Is Promising

    Video Reports

    Wed, 27 May 2015

    Although 2015 may be rocky, both Baxter and Baxalta should see significant margin expansion and growth in the long term, says Morningstar's Karen Andersen.

    key drug found at 1:05

    also losing share for a very profitable cancer drug due to some new competition . Most importantly, though, investors are really busy trying to think about the future of the new Baxter, as it is planning to spin off its bioscience arm, Baxalta, in July. We think both new firms will continue to have economic moats. The new Baxter sees cost advantages as it is part of many global medical-products markets that serve hospitals, and it's one of the two largest dialysis-products firms in the world. Baxalta is in the process of launching several new hemophilia therapies to defend its growth, as key drug Advate is starting to see new competition . Baxalta is also one of three firms that dominate the global plasma business, which we think has very steep barriers to entry. While 2015 looks like a rocky year for both sides of the business, we think the spin-off strategy will give each new firm the ability to focus on key areas of growth, which will provide the opportunity for significant margin expansion and double-digit growth at the new Baxter and continued high-single-digit growth for Baxalta. 
  2. A World-Stock Fund With a Different Playbook

    Video Reports

    Tue, 26 May 2015

    Silver-rated Franklin Mutual Global Discovery's distinctive strategy includes merger-arbitrage and distressed debt plays, providing an added layer of diversification.

    debt positions found at 0:21

    Alec Lucas:  Silver-rated [TICKER:TEDIX] Franklin Mutual Global Discovery (TEDIX) takes a distinctive approach compared with its world-stock category peers.  As part of Franklin's Mutual series, the fund's portfolio is focused on cheap stocks, but also includes merger-arbitrage plays on announced acquisitions and distressed debt positions . These distressed debt positions , which have recently ranged from 5% to 7% of the fund's assets, provide an added layer of diversification.  That's because bankruptcies, whether
  3. 6 Mistakes to Avoid With Taxable Accounts

    Video Reports

    Tue, 26 May 2015

    Taxable accounts can play a key role for investors, so long as they are careful about what investments they put in and how they sequence withdrawals.

    retirement planning found at 0:11

    accounts, but your taxable accounts can also play a big role in retirement planning . Here to talk about some mistakes that folks should avoid with their taxable accounts is Christine Benz, our director of personal finance.
  4. 7 Habits of Successful Investors

    Video Reports

    Mon, 25 May 2015

    Special presentation: Learn how 'cheaping out,' building in discipline, and other simple steps help successful investors get it done.

    continuing education found at 1:39

    to fund college for our children or grandchildren or maybe fund some continuing education for ourselves, were we able to achieve that? Or perhaps we have shorter-term financial goals--and many of us do. So, if we wanted to buy a new car or buy a new home or make some home remodeling , were we able to achieve those goals? So, fundamentally, the question of whether or not you were able to achieve your financial
  5. Emerging-Markets Bond Funds: What You Need to Know

    Video Reports

    Fri, 22 May 2015

    Why they're attractive, the four variations, and why investors should take a strategic rather than a tactical approach with these funds.

    interest rates found at 3:43

    exposure to emerging markets in that you're getting exposure to the local interest rates as well as the local currencies. And with that, you get the most risk because that foreign-currency risk adds a lot of
  6. 3 Stocks Poised to Profit From Trends in Construction

    Video Reports

    Fri, 22 May 2015

    Total non-residential-construction spending is likely to disappoint over the next decade, but growth in construction-heavy industries like manufacturing and highways bodes well for some companies.

    martin marietta found at 1:29

    peaks on a nominal basis and below-average levels on a real basis. Consensus expectations are for high-single-digit to low-double-digit growth over the next several years, as the non-residential-construction share of GDP recovers to long-term historical averages.  While we do expect strong recovery in the near term as pent-up demand is unleashed, our bottom-up analysis reveals a secularly diminished need for new construction in many key sectors for the next decade. At initial reaction, this might sound negative for the economy overall, but we view it as a positive. Sectors as diverse as health care and retail are delivering more goods and services for each construction dollar spent. This might weigh on construction spending, but it reflects improved economic productivity and frees up capital for other endeavors. Total construction spending is likely to disappoint, but growth across the various construction categories will vary widely, given differing factors and trends. We expect relatively strong growth for "construction-heavy" industries like manufacturing and highway and street. This bodes well for companies that supply these sectors such as aggregates producers Martin Marietta (MLM) and [TICKER:VMC] Vulcan Materials (VMC) and steel producer [TICKER:NUE] Nucor (NUE).
  7. Johnson: Economy More Stable Than Many Think

    Video Reports

    Fri, 22 May 2015

    The improving housing market will be a key contributor to growth in 2015, says Morningstar's Bob Johnson.

    gasoline prices found at 0:54

    much faster this year in November and December because they saw falling gasoline prices and an improving employment situation. [People thought that] a lot of customers were going to spend more, and we were going to
  8. Hasenstab: Flexibility Key in Global Bonds

    Video Reports

    Fri, 22 May 2015

    The Templeton Global manager discusses recent Europe bond volatility, the outlook for the dollar and emerging markets, plus the need for a dynamic approach to international bonds.

    oil prices found at 3:53

    some value there, potentially, in some emerging markets. Does the fall in oil prices and low commodity prices make you worried about some of those economies? Hasenstab: It varies. The oil exporters, places like Russia and Venezuela--yes. It is putting a lot of pressure on their balance of payments, on their fiscal accounts. However, most of the emerging world is actually a net oil importer . And even for countries that do have a slight net oil export, such as Mexico, it's very minimal. In fact, what's going to drive Mexico more than a change in the oil price is their own domestic policy, which is on a good path and their linkages to the U.S. economy as a large exporter into the U.S. Korea, a net oil importer , India, China--all of these countries are going to be huge beneficiaries of declining oil prices . So, there are a lot of reasons that emerging markets will be diverse in their return profile--some doing well, some doing poorly.
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