Archive

A Bullish Case for Inflation That Nobody Is Paying Attention To

A Bullish Case for Inflation That Nobody Is Paying Attention To

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 […]
Package Delivery and the Economic Impact of the Coronavirus

Package Delivery and the Economic Impact of the Coronavirus

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 […]
Yes, This CEO Can Run Two Companies

Yes, This CEO Can Run Two Companies

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 […]
'Useless' Assets That Are Ready for Use

'Useless' Assets That Are Ready for Use

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 […]
A Business Created by the 'Mafia' With More Room to Run

A Business Created by the 'Mafia' With More Room to Run

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, […]
One Chart Will Tell Us When to Get Bullish After the NEXT Recession

One Chart Will Tell Us When to Get Bullish After the NEXT Recession

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 […]
The Market Is Too Pessimistic on This Groundbreaking Biotech Firm

The Market Is Too Pessimistic on This Groundbreaking Biotech Firm

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: […]
Dividend Risks Are Overblown for This Energy Giant

Dividend Risks Are Overblown for This Energy Giant

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 […]
Investors Are Panicking... But the Data Tell Us to Stay Calm

Investors Are Panicking... But the Data Tell Us to Stay Calm

Joel's note: Considering the recent volatility in the market, we're stepping aside from our normal format of the Altimetry Daily Authority today to focus on a broader view of the macro environment. The volatility over the past week has a lot of investors spooked... We spend a lot of our time with our institutional clients […]
This Homebuilder Is Much Stronger Than Wall Street Thinks

This Homebuilder Is Much Stronger Than Wall Street Thinks

Another bank is joining the online brokerage industry... Last week, Morgan Stanley (MS) announced that it's acquiring E-Trade Financial (ETFC) for $13 billion. This news comes just a few months after another banking and brokerage giant, Charles Schwab (SCHW), agreed to buy TD Ameritrade (AMTD) for $26 billion. This is a great move for both […]