Research

We analyzed stocks with high and low growth beta by substance (high, mid, low, junk) and show the performance of each of the eight buckets since 1999.  High growth beta growth stocks in the bottom half of quality are down over 24 years!  By far the best performing bucket is low growth beta growth stocks

We have been scouring the question-and-answer portions of earnings call transcripts to assess key areas of interest from analysts.  We address four such issues in today’s Trivariate Transcript Analyzer:  Tariffs, COVID, Yen, and Pricing. 202408_Analyst_QuestionsDownload

We researched the key issues facing growth investors, and these are the five most important insights that all growth investors should know: Point 1:  Owning high-quality growth stocks and avoiding low-quality growth stocks is crucial for growth investing. Point 2: To pick stocks among high-quality growth, use improving margins, revenue acceleration, and upward revisions. Buying

For many years, there have been some well-known, style-based mantras for both fundamental and quantitative investors. On the growth side, momentum works. It is common for growth portfolio managers to pull up a price chart while hearing a fundamental pitch and assess whether price action comports with the story. Shorting growth stocks at highs has

The most clicked on chart on the US consumer was our short ideas chart, likely fueled by BROS, and these others…. Several of our analyses in the last 18 months have pointed to gross margins as a key variable for security selection.  A crucial part of any company’s margin trajectory is its ability to take

Typically when there is market volatility, it doesn’t end immediately.   In case we get into a more prolonged correction, we analyzed the previous ten times the S&P500 retreated 10 percent or more in the last 25 years to examine the correction playbook for investors. We recently published playbooks for value, growth, and technology investors.

Several of our analyses in the last 18 months have pointed to gross margins as a key variable for security selection.  A crucial part of any company’s margin trajectory is its ability to take pricing without a commensurate loss in unit demand.  Within the consumer space, we identified two quarters ago that the number of

Typically when there is market volatility, it doesn’t end immediately.   In case we get into a more prolonged correction, we analyzed the previous ten times the S&P500 retreated 10 percent or more in the last 25 years to examine the correction playbook for technology investors.  Our main conclusions are.. 202408_Tech_Sell_Off_PlaybookDownload

Typically when there is market volatility, it doesn’t end immediately.   In case we get into a more prolonged correction, we analyzed the previous ten times the S&P500 retreated 10 percent or more in the last 25 years to examine the correction playbook for growth investors.  Our main conclusions are.. 202408_Growth_Sell_Off_PlaybookDownload

Typically when there is market volatility, it doesn’t end immediately.   In case we get into a more prolonged correction, we analyzed the previous ten times the S&P500 retreated 10 percent or more in the last 25 years to examine the correction playbook for value investors.  Our main conclusions are.. 202408_Value_Sell_Off_PlaybookDownload