High Stock Correlations…Does Research Even Matter Anymore?
It seems as if the specifics of a company’s profit and loss have become secondary to the broader factors of the market. Twenty years ago, emerging markets offered great diversification from developed economies with a correlation of approximately zero. Today, correlation is close to 80% according to MSCI indices. To quote John Authers in today’s FT, [...]
The Summer Curse – Keep that Blackberry and iPhone Close
There is a compelling history of markets in the summer causing havoc with summer vacations…think 1997 Russian debt crisis and LTCM, 2007 the mortgage securities and money market freeze, 2008 Fannie Mae jolt that led to the Lehman crisis. Could this summer be similar? Well, if Gillian Tett of the FT is right, we have [...]
Bonds – How Low Can They Go?
As a stock research house, we always look over our shoulders at what our bond cousins are up to. Not that this has any bearing on our ratings, of course, but out of sheer interest in the pricing correlation between bonds and stocks. This is especially true when certain “safety” bonds are a proxy for investor [...]
Equities – Down but not out
Investors world wide are running for safety and who can blame them? Certainly, no one really knows whether Greece will leave the Euro and, if it does, what the political and economic fall out will be. Savers in Greece are withdrawing Euros from their bank accounts to hedge against introduction of the Drachma. Savers [...]
The Fed, the Future, and the Rest of Us
Discussing central banks and what they do is not necessarily the currency of a stock research company but we ignore them at our peril. Their decisions affect us in the way income is distributed, access to finance, the way the financial system operates, and even the solvency of government. To many, the expansion of the [...]
Back to Basics – Manufacturing in North America
There is no shortage of triggers to detonate a precipitous fall in stock market values: any preemptive strike in Iran, rejection of austerity measures by electorates in the Euro zone, uncertain political outcomes and possible meltdown of the Euro, economic slow – down in China and even, perhaps, a Chinese miscalculation of American resolve [...]
ETF Grader – A Jewel inside MarketGrader.com
Many a tourist has returned from Russia with a Matryoshka doll as a souvenir. The numerous dolls waiting to be discovered inside can be as beautiful and more intricate than the first. For an investor, once inside MarketGrader.com, the discovery of ETF Grader can be a similar experience. ETF Grader, a separate analytic component inside [...]
MarketGrader Bank Research Proves its Worth
It’s common for research services to write about their successes in analyzing a stock but not so for MarketGrader. So, it should be interesting to note that on September 23, 2011, MarketGrader wrote about the best three major banks in the United States. http://www.marketgrader.com/mg_blog/2011/09/23/the-best-three-major-banks-in-the-united-states/ These banks were WFC, PNC and USB. Nearly six months later, fast [...]
Earnings Season Recap: Corporate Earnings Flat but Analysts Still Bullish
With positive U.S. economic data hitting the wire on an almost daily basis, we thought this would be a good time to gauge the state of corporate earnings for U.S. companies and look ahead to how improved economic reports might be impacting analysts’ estimates. More specifically, we’ll look at expectations for the current quarter and [...]
What Does Research have to do with Stock Index Performance? Everything…
Some thirty-seven years ago, John Bogle launched the first passive index based on the S&P 500 as a mutual fund. In the process, he democratized the investment process by offering access to a universe of stocks used by many of the largest institutional money managers in the world as their performance benchmark without the cost of [...]
- Besides Profits, B400 Components Also Excel in Profitability
- Sales and Earnings Increases Underscore B400’s Growth Tilt
- B400 Index Tilts Strongly to Growth Based on P/B Ratios
- Stock Size and Sector Weight Explain the Barron’s 400’s Outperformance
- Size Matters, Even for an Equally Weighted Index
- Green Mountain Coffee Roasters (GMCR) Is the Best Performing Stock In B400 YTD
- Consumer Discretionary Stocks Account for 40% of B400’s Gain This Year
- Barron’s 400 Index Outperforms Broad U.S. Market by Over 4% Per Year in Last Decade
- In a Strong Year for the MarketGrader Indexes, MG100 Led the Way
- Chinese Listed Stocks in America – Time to Say Good Bye?
Breaking news
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Market Update
- Stocks Close Mostly Higher Despite Afternoon Pullback - U.S. Commentary
- Stocks Remain Firmly Positive After Early Rally - U.S. Commentary
- Stocks Moving Sharply Higher Following Upbeat Data - U.S. Commentary
- Stocks May Move Sharply Higher At The Start Of Trading - U.S. Commentary
- Wall Street On Recovery Path
Sector Trends
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