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Oaktree reported a reasonably strong quarter, with net investment income (adjusted for the merger with Oaktree Strategic Income) of $0.19/share, sharply higher than $0.12 a year ago and the consensus estimate for $0.14. Net asset value, or NAV, increased 2% from the prior quarter and 19% from a year ago (despite paying out roughly 8% of its NAV in dividends during this period).

We are moving Volkswagen AG (VWAGY) to a SELL.

Still think utilities are bond substitutes? Check out my table comparing changes in the benchmark 10-year Treasury note yield with 21 years of annual returns on the Dow Jones Utility Average and the S&P 500 Telecom Service Index. Here are the chief takeaways. Both the Telecom and Utility indexes rallied in...

Oaktree Capital Group, LLC (OAK) is a leading investment firm in the turnaround and distressed securities area. It also invests in convertible securities, emerging markets, real estate and value-oriented public equities. Oaktree’s assets under management have grown steadily over the years to about $91 billion today. After running up to the...

In our latest Dividend Digest The Value Bounce Editor Carl Delfeld recommends an international mining company Freeport-McMoRan Copper & Gold, Inc. FCX is a world leader in the exploration of mineral resource properties. ... Reasons stock is trading at 2008 lows: Copper prices have fallen from highs in 2011—China consumes 40%...

We came into this week with 50% cash in the Model Portfolio, and tonight, we’re going to raise a little more cash by selling our remaining shares of a long-time winner.

This week’s pick has one of our favorite growth stories in the market.

PAY stock and PLAY stock are headed in two very different directions after each reported earnings on Wednesday. The following charts suggest we should have known which was a “buy” and which was a “sell”.

DigitalOcean (DOCN) delivered Q2 results yesterday that slightly missed on revenue but beat by a good margin on EPS. Revenue was up 29% to $133.9 million (missed by $600K) while EPS of $0.20 beat by $0.10. Full-year revenue outlook was left unchanged, but profit outlook was raised as management has, and will continue to, rein in spending.

Hopefully, you took some profits last week as I advised. It’s been a rough week since then, but it wasn’t unexpected. The well-publicized legalization day in Canada was exactly the type of event that often accompanies market tops.

Of course, it’s not just the marijuana stocks that have been sinking; the broad stock market is trending down as well.

But have no fear! The key to successful investing in this sector is to hold cash when the environment is against you, and to invest in great growth companies when trends are positive, and to take partial profits—as we did last week—when stocks get frothy.

We know that every bear market is followed by a profit-making bull market, and today I’m watching very carefully as the old bear market that very likely ended on July 15, is replaced by the next bull market. What you don’t want to do as the new bull market gets under way is be stuck holding the winners of the last bull market. You want to be holding the winners of the new bull market ... and the best way to do that is to keep an eye on the new highs list.

Editor Timothy Lutts discusses his favorite stock, Tesla Motors (TSLA) and how to avoid big losses in the market.