Archive
Warren Buffett's annual shareholder letter reminds everyone about the problems of as-reported accounting... Berkshire Hathaway (BRK-B) earned $81.4 billion last year, but Buffett still didn't sound satisfied in his recent 2019 annual letter... It isn't that the legendary investor doesn't think $81.4 billion is enough... It's that he thinks that this number is deceiving, created […]
- AMZN
- BRK-B
- CL
- GE
- IBM
- KHC
- NSRGY
Joel's note: The markets are volatile... and investors are scared. So today in Altimetry Daily Authority, let's look at the bigger picture to determine what you should be doing right now. One of the market strategists that Rob and I most respect is financial-services firm Canaccord Genuity's Tony Dwyer. Rob often talks about how in […]
It's been nearly 24 years since the Federal Reserve began its secret 'inflation targeting'... During the summer of 1996, the 12-member Federal Open Market Committee ("FOMC") sat down for one of its eight annual meetings. One of the items on the committee's docket was to discuss inflation – just as common of a topic in […]
Another platform company is coming to the market... In mid-January, we devoted an entire week to the platform companies that show how just being a marketplace doesn't guarantee riches for these businesses and their investors. We discussed how Uber's (UBER) ride-hailing business model has lit investors' capital on fire in a failed rush for market […]
- GRUB
- UBER
- UPS
Gilead Sciences (GILD) keeps on investing in a cure... On Friday, we explained how Gilead is unique in the biotechnology and pharmaceutical space. It focuses on treatments that can cure and mitigate diseases rather than just treating symptoms. Over the past few weeks, GILD shares have rallied as investors speculated on how the company's formerly […]
- ACN
- GILD
- IBM
- SQ
- TWTR
- V
It's not just the economic data that should give you confidence about the market... Over the past two weeks, we've repeatedly highlighted the economic reasons investors shouldn't be concerned about this pullback. In the face of the Federal Reserve cutting interest rates by 50 basis points yesterday, it's relevant to step back and also look […]
- AAPL
- AMZN
- DISH
- S
- TMUS
A 17th century scheme is making a comeback in Japan... In the time of King Louis XIV, French subjects who wished to save money were unable to simply invest in an index fund. Instead, many put their money in a "tontine" – where a group of people pooled their assets, and as members passed away, […]
- EBAY
- FB
- PYPL
- TSLA
You can probably guess what question we've received most often over the past few weeks... If you've been reading our Altimetry Daily Authority issues recently, we've brought it up a few times... What does an epidemic or potential epidemic do to the stock market? Everyone wants to understand the implications of the coronavirus on our […]
A continued eye on the coronavirus outbreak, from a data-driven perspective... Financial-services firm Fidelity recently published a good piece summarizing the potential impact of the coronavirus outbreak on the markets and world economies. In the analysis, Fidelity highlighted a few key datapoints that were similar to the ones we discussed in Wednesday's Altimetry Daily Authority: […]
- GILD
U.S. corporate credit profiles look healthy, but China may be a different story... In yesterday's Altimetry Daily Authority, we discussed how the U.S. economy and market remain strong – even in the face of the threat of the coronavirus outbreak impacting global growth. But as Bloomberg reports, the risk of a credit crunch may be […]
- KMI
- XOM