A Sensible Income Strategy For This Market With Arturo Neto (Podcast)

By Jonathan Liss Listen and subscribe to the Marketplace Roundtable on these podcast platforms: iTunes/Apple Podcasts Spotify Stitcher Arturo Neto, CFA has seen this movie before. He graduated business school just as the dot-com bubble was starting to deflate. “When I graduated from Darden (the University of Virginia’s business school), many of us had our…

Is Now The Right Time To Buy Lam Research Stock?

Short-term uncertainty can many times create buying opportunities for long-term investors. Lam Research (LRCX) is facing industry headwinds because of declining demand for wafer fabrication equipment in the coming months. However, the company is strong enough to successfully navigate through a challenging environment and the industry should offer plenty of opportunities for growth in the…

2018 Market Commentary And 2019 Outlook – Vigilante No More

Data Source: Bloomberg 2018 Year-End Market Commentary and 2019 Outlook – Vigilante No More Source: istockphoto.com Note to readers: We have sectioned the 2018 Year-End Market Commentary and 2019 Outlook accordingly: 1. Big picture outlook and key issues heading into 2019 2. Summary 2018 year-in-review 3. Final thoughts and our base case estimate of the…

Fed Pulls The Punchbowl, Part 2

In the “Fed Pulls the Punchbowl” part 1, I discussed some of the liquidity shifts we’ve seen in the credit markets over the last year or so. Since then, we’ve seen the market fall 3,000 points from ~24,500 to ~21,500 only to bounce back in the middle of this zone with the 1,000 point up…

Will Santa Leave A Lump Of Coal?

As we enter the last month of the year, the holiday season is kicking into full gear, decorations are popping up everywhere, and the burning question arises, “Will Santa Claus bring gifts for stock market investors, or will he leave a lump of coal in their stockings?” It was a bumpy sleigh ride last month,…

GNC: The Joint Venture

GNC (GNC) is set to establish a joint venture with Harbin Pharmaceuticals early in the coming year (pending closing of the final preferred stock transaction) which will replace the company’s current business in China. The joint venture will impact the company’s financial results in various ways, not the least of which will be reduced near…

NFJ: A Value-Oriented Covered Call Fund Trading At An Attractive Discount

Investment Objectives The Fund seeks current income and gains. Long-term capital appreciation is a secondary objective. (Data below is sourced from the Allianz website unless otherwise stated). When Do Covered Call Funds Outperform? Covered call portfolio managers hold a portfolio of stocks and sell call options against a portion of the portfolio to generate additional…

Global Payments Continues To Hit The Mark With An Increasingly Tech-Driven Platform

Fintech has continued to perform well, with investors understandably attracted to the strong earnings growth that many of these companies are generating. In the case of Global Payments (GPN), management continues to show the benefits of its tech-enabled payments model, with strong revenue growth and improving margins on lower churn. While the shares went nowhere…

Another Look At 2019 S&P 500 Earnings

In last weekend’s post on S&P 500 earnings, we looked at the weekly rate of change in the S&P 500 2019 EPS estimate. Here’s the same data looking at the year-over-year change in the 2019 SP 500 EPS estimate: 8/14/18: $178.85 +12.5% expected y/y growth 8/17/18: $178.58 +12.1% expected y/y growth 7/13/18: $177.16 +10.7% expected…