Please click above to watch the video or click here to read Trivariate’s recent note on Technology Strategy.
Over the last few months, we have published on strategies for both growth and value portfolio managers. Among growth stocks, we prefer high quality and low forecasted revenue growth stocks. Among value, we prefer low beta and avoiding poor free cash flow conversion. Today, we combine the best of our growth and value investing strategies
In our year ahead outlook (2024 Year Ahead Outlook) we published earlier in January we posit that one of the reasons to be bullish on US equities is that the gross margins for the average company are likely to expand. Stocks typically experience asymmetrically higher valuation (on EV-to-Gross Profit or Price-to-Forward Earnings) when their gross
We look at the sub-industries within the technology sector to see where alpha potential is greatest. We evaluate key metrics like company-specific risk, valuation dispersion, pairwise correlations, and the opportunity set, and conclude alpha potential is greatest in…
As part of Trivariate’s 2024 Year Ahead Outlook published last week, we walked through our view that the risk-reward is skewed to the positive for US equities over the next 12 months. There are three main tenets to the bull thesis in our view. An accommodative Fed, gross margin expansion, and multiple years of growth.
We launched a Technology Strategy product earlier this year. Please click above to watch the video or click here to read our note on Technology Strategy.
Trivariate Research is launching a new product – TECHNOLOGY STRATEGY. Our key points are: Old tech is more idiosyncratic than new tech: DELL, MU, and IBM are far more idiosyncratic than CDNS, SNPS, SHOP, ADBE, and AAPL. Industry bets – Software over semis: We prefer Software over Semiconductors. While these industries are highly correlated, high inventory,
For a 12- page – bullet only – executive summary: For our full document with all exhibits
The first week of 2024 seemed to set up for one of the most obvious rotations in recent memory. Most investors have not been surprised to see some sizable moves out of the frothier technology and consumer stocks into more sober value names—even if they did not position for it– to start the year. This
Click here to read Trivariate’s recent research note on accelerated share repurchases.
