S&P companies with the highest tax rates have been the strongest performers since the Presidential election. Our featured company this week is a large asset manager poised for a turnaround. It is paying a 4.2% dividend and has 47% upside to our 24 month target price.
The Presidential election caused large institutional buying this past week, with strong rotation into banks, insurance and infrastructure-related companies. Trump’s proposed corporate tax cut could be the impetus for the next leg of this bull market.
In September and October we conducted two presentations where we discussed “Election Impact Investment Analysis”. Over 120 high net worth and institutional investors in Austin were in attendance at the two events. While we were unable to predict the ultimate outcome of this close election at the time, we separated ourselves from the bulk of analysts on Wall…
The bond market had a very rough week & month. It is the most over-valued it has been in history. We remain concerned that bonds have further downside over the intermediate and long-term.
Hedge fund redemptions accelerated in the third quarter of 2016. A whopping $28 billion was redeemed in three months alone.
This week we focused on Gartner’s forecast for growth in IT spending during 2017. Software & services lead the way with communications getting the biggest slice of the pie.
This week we discussed the most exciting growth area in the technology sector: fiber optic communications. Top companies we are watching: ACIA, FN, FNSR & GIMO.
In a stunning admission of massive fraud reminiscent of the financial crisis of 2008, Wells Fargo today admitted that 5,300 bank employees created millions of false bank and credit card accounts since 2011 in order to charge customers extra fees. Our clients who bank at Wells Fargo should examine their statements to see if they have been victimized.
If there is anything Wall Street does exceptionally well, it’s create investment products that generate fees. Analysis and insight? Not so much. Even when a product performs well though, if it happens to be the rare case that it doesn’t generate enough fees – watch out. It might get killed. Such is the case with…
The IPO market is making a strong rebound despite public caution, and the U.S. stock market should attract more capital now that Japanese and European pension fund managers earn zero return on U.S. Treasury Notes.
This week we show several contrary market indicators, which are positives for the stock market overall. We also feature a large alternative investment manager paying a 6.3% dividend, poised for a turnaround.
Wall Street’s latest plan to extract fees from clients comes in the form of “Robo-Advisors” – computerized programs that purport to substitute advice from a live investment advisor. On Friday, June 24, Betterment, a leading robo-advisor, arbitrarily decided to lock-out clients who wanted to trade in those fast market conditions.