Large Cap

Over $10 Billion

ARTICLES

In Vote of Confidence, Caterpillar Maintains Dividend Rate

The Board of Directors of Caterpillar (NYSE: CAT) voted to maintain the quarterly cash dividend of seventy-seven cents ($0.77) per share of common stock, payable May 20, 2016, to stockholders of record at the close of business on April 25, 2016.
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Freeport-McMoRan Announces New Organizational Structure for Oil & Gas Division

Freeport-McMoRan (NYSE: FCX) announced a new organizational structure for its subsidiary Freeport-McMoRan Oil & Gas (FM O&G). The changes are being undertaken to reduce costs, streamline functions and to enhance capital allocation across FCX’s global business in a manner consistent with FCX’s debt reduction initiatives.
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Ally Financial Announces Acquisition of TradeKing Group

Ally Financial (NYSE: ALLY) announced that it has signed an agreement to acquire TradeKing Group, Inc., a digital wealth management company, for about $275 million. The transaction is expected to close in the third quarter and includes an online broker/dealer, a digital portfolio management platform, and educational content and social collaboration channels.
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Rio Tinto's New CEO Looks Like A Good Choice

Commodity metals producer Rio Tinto (NYSE: RIO) announced that Jean-Sébastien Jacques, 44, a four-year Rio veteran and head of the copper and coal unit, will become CEO in July and join the board immediately.
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DOCUMENTS AND FILES

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George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

Comparing Stocks and Bonds

While the common stock of a turnaround candidate usually has the greatest upside potential, other classes of securities, such as bonds or preferred stock, may offer attractive profit possibilities with less risk. Read More.

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  • The Turnaround Letter's 15-year returns were 11.3%--vs. S&P's 4.4%
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Banking on a Financial Sector Turnaround

bank stocks

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MoneyShow.com recently tapped George's favorable opinion for a banking industry rebound. In "Turnaround Expert's Banking Bets," Steve Halpern highlights a trio of Putnam's top stock picks from the battered financial sector.

 

George reminds value investors: "Fortunately, many of the factors...just aren't present in the market, and the other reason that investors seem to be down on the banks is they sort of expected the Fed to raise interest rates a little faster than they have. And the banks do better when interest rates are rising because they have wider margins on their loans, but I think the Fed will gradually raise rates to we will see profits improve, and so I think this downturn is really temporary."

 

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