Author Archive: Jeremy Parkinson
Betting Against The Flows
Money flowed into passive investment vehicles at an ever-increasing rate in 2017. It was a record year for these products designed to replicate a stock market index and agnostically own a basket of securities without discretion. As investors who build our portfolios from the ground up through careful security selection, we think the ramifications of […]
L Brands: Pay Current Earnings, Get 3 Free Options To Solid Growth
Summary At below $40/share, L Brands is trading at about current earnings power value. There are real risks, including a permanent impairment of the Victoria’s Secret brand. There are also ample opportunities for earnings growth: continued strength at Bath & Body Works (the main contributor to earnings in 2017), a “back-to-normality” at Victoria’s Secret and […]
Societe Generale Upgrades Constellation To Buy On U.S. Beer Gains
Societe Generale analyst Andrew Holland upgraded Constellation Brand (STZ) to Buy from Hold and raised his price target for the shares to $265 from $234. The stock in afternoon trading is up $1.59 to $227.94. Constellation is growing faster than most of its more diversified peers due to its ability to gain share in the […]
Saudi CDS Jump As Economic Crises Continue To Loom
The last few days have seen CDS rise across the middle-east, as Saudi Arabia’s domestic crises which prompted the reform drive will continue to stifle Riyadh’s progress in the Vision 2030 project launched by Crown Prince Mohamed Bin Salman, according to the Financial Times. For the first time since July 2017, Saudi credit risk is higher than […]
The Erosion Of The Middle Class Marks The End Of The American Dream
iStock.com/Devonyu Does the Middle Class Still Exist? Many Americans, who describe themselves as Democrats or the Left, continue to chase Russian ghosts. It must hurt less to project the cause of trouble on an external enemy than it does to look for the real cause of the problem at home. They are especially pleased about […]
Tesla Troubles
Last week I visited one of the popular investing message boards, where investors were debating the latest news from electric vehicle (EV) maker Tesla Inc (Nasdaq: TSLA). Feelings about Tesla are as polarized as today’s political viewpoints. Both bears and bulls are absolutely convinced of their case, and they can be insufferable when arguing it. But this […]
Choosing The Right Curves
The background for inflation hysteria was pretty simple. Globally synchronized growth meant acceleration in the US economy which would raise demand for labor. The unemployment rate, faulty as it has been, suggests that any further increase in labor utilization would just have to pressure wages – the competition for workers rises as the marginal supply […]
Is Russia Preparing For A Global Currency War By Stacking Silver?
(Video length 00:19:03) Here is the article used in today’s video.
Value Investing And Tolerating Pain
So you want to be a value investor, like the great Warren Buffett. A worthy goal, to be sure. But before going down that road you may want to ask yourself the following question: What is my tolerance for pain? You read that word correctly: pain. To be a great value investor, or any investor […]
5 Stocks To Make The Most Of An Imminent Rate Hike
The Fed’s new chairman Jerome Powell’s optimistic view on U.S. economic growth and encouraging near-term inflation outlook have raised the possibility of a rate hike this month. Banks, brokerage firms, and insurers will benefit the most from this much-anticipated hike. Faster Pace of Policy Tightening by Fed The Fed is likely to increase rates […]
