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When we hosted our second half 2024 outlook last Tuesday (replay here, passcode: q66CnS.h), we intentionally left out the details about earnings and multiples. We wanted to discuss where to save time, where to spend time, and our best ideas for outperformance. We did receive some follow-up questions about the consensus projections for earnings and

Since March of 2023 we have been tracking many AI-related references on transcripts – mentions of AI have collapsed but mentions of GPUS have stayed more constant.   This has caused us to create a “GPU” basket, tweaking our “AI” basket where exposure could be more dubious.   The margins of growth stocks that are mentioning AI

We published our 2H 2024 US Equity earlier this week and hosted a webcast to discuss our work. Please click here to read our note and here (Passcode: q66CnS.h) to watch the webcast replay.

Today we are publishing our 2H 2024 US Equity Outlook and hosting a webcast at 11am EDT to discuss our work. Click here to register for the webcast. 202407_2H_OutlookDownload

The volatility of the price-to-forward earnings is higher than the volatility of the earnings. Multiples can expand or contract a lot in one year. Earnings expectations can change too, but typically move far less. There is no such thing as a flat price-to-forward earnings line. The price-to-forward earnings multiple for the market moves when the

Below are our Top 5 most viewed recent videos. If you have any questions on these or other topics related to the current environment for investors, please let us know. #1. Trivariate’s Advice for Outperforming June 30, 2024 Click here to read Trivariate’s advice for outperforming. #2. Don’t Waste Time On These 3 Things May

At the start of each quarter, we provide a detailed summary of the just completed quarter with the goal of helping investors make better investment decisions, in addition to providing insights that will facilitate investor communications, client conversations, and quarterly letters. Furthermore, our quarterly report seeks to identify emerging risk management concerns and give investment

Click here to read Trivariate’s advice for outperforming.

These are some of the most frequently asked questions and observations we have from recent investor meetings: How long will Mega-cap Technology firms be able to spend capex on AI until the market forces them to show a return on their investment? Where are the AI profit pools? Technology investors discussing power When is it

When you meet with institutional investors all day for years, you realize increasingly that part of what makes the market is that money is managed in disparate and competing ways to meet the needs of a wide array of constituents. Passive money, high gross / low net “multi strats,” and quant money with three hour-to-two-day