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There are a number of great investors who rarely get headlines. They quietly go about the business of picking winning stocks and help their investors acquire wealth. Mario Gabelli is one of those investors.He began buying stocks when he was 13 years old. Now in his 70s, he heads GAMCO Investors, a $36 billion investment firm that has delivered average annual returns of 16.3% to clients since it was founded in 1977. The S&P 500 provided an average annual gain of 7.6% over that time.
The potential gain in AES is about 20%, according to the chart.Recommended Trade Setup:-- Buy AES up to $13-- Set stop-loss at $12-- Set price target at $15.55 for a potential gain of 20% in 6-12 monthsMSG owns the well-known Madison Square Garden, along with Radio City Music Hall and several other entertainment venues. MSG Sports owns and operates sports franchises, including the New York Knicks basketball team and the New York Rangers hockey team. MSG Networks and several regional sports networks bring in additional revenue for the company.Gabelli has a long history of investing in media companies, and this seems to be a business he understands. MSG has been in an almost uninterrupted uptrend since its 2010 IPO.
It is difficult to find a price target on a chart when the price has moved almost straight up over time. Analysts that follow the stock for major Wall Street firms have price targets between $55 and $70, with an average of $61.56, about 9% above the current price.In this case, I think call options will provide traders with a better risk/reward setup.Recommended Trade Setup:-- Buy MSG Nov 60 Calls at $2.50 or less-- Set stop-loss at $1.25-- Set price target at $4 for a potential 60% gain in 7 monthsInsights from the world's greatest investors offer valuable information to individual investors. With my trading system, I am able to find the best stocks the world's greatest investors own right now and potentially enjoy gains from their biggest winners.
The tech giant can't seem to do much right in investors' eyes lately, but the charts tell a different story.
A spike in investor fear and confirmed breakdown in the Dow do not bode well for the market in the near term.
Today we have yet another opportunity to generate hundreds of dollars on the stocks in our portfolio.