A recent article in Bloomberg reports that “strategists have been too cautious in estimating the speed of the recovery,” and that the S&P 500 is surpassing its projected level by…
Should Companies Tie Dividends to Cash Flow?
In a recent Barron’s interview, Goldman Sachs global co-head of single-stock research Jim Covello makes the case for variable dividends that are contingent on business’s available cash flow. According to…
Quarterly Guidance and Why Suspension Should Extend Beyond Covid-19
A recent article in IR magazine underscores the rising number of firms that have stopped issuing quarterly guidance since the pandemic began in March of this year, adding to an…
Excess Returns, Ep. 28: The Danger of Focusing on What Should Be and Missing What Is
We all have our beliefs about the way that things should work in investing. When the market gets overvalued, we think it should go down. When value stocks struggle for…
Value Alive or Dead? Debate Rages Among Quants
Following value’s worst quarter of performance in a century, leading quants are “butting heads” in a hot debate over whether the strategy can survive. This according to a recent article…
Gundlach: Warnings about Rising Rates and Possible Fed Policy Response
Billionaire fund manager Jeffrey Gundlach said that a “1940s-era central bank policy may make a return if long-dated bond yields continue to rise.” This according to a recent article in…
U.S. Stocks Leave Global Markets Behind
U.S. stocks have “staged a furious rebound since late March, leaving global markets behind.” This according to a recent article in The Wall Street Journal. “Optimism about state and business…
A Detailed Look at the Quality Factor
By Jack Forehand, CFA There is probably no investing factor that makes more sense to your average investor than quality. We all want to own great companies – think Apple, Microsoft,…
Chris Davis of Davis Advisors Shares Market Insights
In a recent interview with Barron’s, Davis Advisors’ chairman and portfolio manager Chris Davis shares valuable insights for investors regarding the current market environment. Here are some key takeaways: The…
Oakmark’s Nygren: Selloff Reminiscent of Older Bear Markets
In a recent interview with CNBC, Oakmark’s Bill Nygren discusses the recent market selloff and identifies areas of opportunity for investors. Nygren notes that the recent market selloff related to…