November 21, 2008

What They're Buying

Long-ignored financials, such as Goldman Sachs and JPMorgan Chase, and ever cheaper energy-related shares, including Anadarko and Transocean, started to pique SuperInvestors' attention last quarter.

	Table:		Cheap Enough?

	Table:		Biggest New Bets

What They're Selling

Among the general conclusions to be drawn from SuperInvestors' selling activity last quarter: (1) Many investors are taking money off the table in healthcare and technology; (2) No one is soon to be criticized for selling too early.

	Table:		Just in Time

	Table:		Selling Out

What They Own

The turnover among the most widely held stocks by SuperInvestors has picked up as the market's fortunes have turned dramatically down. In with Aetna, Eaton and Dr Pepper Snapple. Out with Wyeth, Google and Ingersoll-Rand.

	Table:		Plumbing the Depths

	Table:		Doubling Down

Stock Spotlight

The market is treating Eaton Corp. as if it is still a deeply cyclical company overly tied to the automotive industry. SuperInvestors appear to be betting that will prove to be far less true than it once was.

Companies in this Issue

A – E

Aetna, Amazon.com, America Movil, American Express, American Tower, Anadarko Petroleum, Bank of America, Barrick Gold, Berkshire Hathaway, CVS Caremark, Calpine, Corning, Covidien, Crown Castle, Dr PepperSnapple, Dresser-Rand, EMC, Eaton, EchoStar, Entergy, eBay

F – J

First American, Focus Media, Forest Labs, Genentech, Global Consumer Acquisition, Goldman Sachs, Google, Hansen Natural, Harman, Ingersoll-Rand, InterActiveCorp, JPMorgan Chase

K – O

Linn Energy, Loews, MasterCard, Merck, Microsoft, Millipore, Monsanto, National City, Nike, Omnicare, Oracle

P – T

PHH, Qualcomm, Quest Diagnostics, SAIC, SLM, SPDR Gold Shares, Sears, SunPower, Talisman Energy, Target, Tenet Healthcare, Tibco Software, Transocean, Trinity Industries

U – Z

UnitedHealth, VeriSign, Viacom, Wachovia, WellPoint, Wyeth, XL Capital, XTO Energy