The Latest from FA Alpha Daily

• 

  April 12, 2023

  Rating agencies are unreasonably concerned about this cash flow machine

  

  Pharma companies are cash flow machines once they manage to get approvals and release a few drugs to the market.

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• Tue

  Company Specific

  April 11, 2023

  Casinos owe their returns to this game systems developer

  Tue

  In the casino business, you make money by keeping people playing.

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• Mon

  Monday Macro

  April 10, 2023

  It’s time to be cautious in the market because of this important economic indicator

  Mon

  Corporate investment is one of the most important economic health indicators.

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• Wed

  Credit Outlook

  April 5, 2023

  Rating agencies think this pool equipment maker is doomed in a recession

  Wed

  The "At-Home Revolution" has caused a shift in housing preferences, with people moving to suburban areas for more spacious homes due to remote work, online education, and shopping. Hayward Holdings (HAYW), a company that sells all kinds of parts for pool improvement and maintenance has benefitted from this revolution. However, credit rating agencies are concerned about bankruptcy risk due to a potential recession. In today's FA Alpha Daily, we will look at Hayward Holdings using the Uniform Accounting framework to assess its true credit risk based on its debt obligations and its profitability.

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• Thu

  Uniform Accounting Analysis

  April 5, 2023

  This recycled steel manufacturer enables the infrastructure investments

  Thu

  Due to the pandemic revealing issues in the supply chain, the government, and companies are now prioritizing long-overlooked infrastructure and supply chain investments, indicating the arrival of the Supply Chain Supercycle. Companies like Schnitzer Steel Industries (SCHN) are benefiting from the high demand for steel due to the Bipartisan Infrastructure Law's funding. Despite all of this, the market is currently mispricing Schnitzer Steel Industries' performance, anticipating it to perform worse than pre-pandemic levels. In today's FA Alpha Daily, we will look at Schnitzer Steel Industries to see why the market is missing an opportunity by mispricing a profitable company.

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• Mon

  Monday Macro

  April 4, 2023

  The next recession in the U.S. isn’t going to be as bad as you think. Here’s why

  Mon

  Despite the Fed’s aggressive interest rate hikes, low unemployment rate and strong consumer spending persist due to substantial consumer liquidity. Consumers saw a dramatic increase in cash balances, along with notable growth in savings accounts, money market investments, and home and total equity since 2020. Today's FA Alpha Daily explores how the Fed's rate hikes may cause a modest recession and how consumers can utilize their cash reserves to weather the storm.

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• Tue

  Company Specific

  April 4, 2023

  A first mover into a new frontier for the healthcare industry

  Tue

  Healthcare is an essential industry that is less affected by economic downturns. Recent trends show a growing interest in online healthcare services, providing opportunities for companies like Teladoc Health, which provides patients with remote access to healthcare services. Despite initial investor caution due to a significant stock price drop, Teladoc Health remains a dominant player in the online healthcare industry and has experienced significant growth while remaining profitable. In today's FA Alpha Daily, we will explore Teladoc Health and why its valuations are becoming more attractive for investors.

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• Fri

  Portfolio Analysis

  March 31, 2023

  Investors might consider being more exposed to safe havens like this ETF

  Fri

  As inflation and interest rates started rising last year, folks had to change the way they invested. Tech companies have reversing course after dominating the market for years, while other sectors like energy had their best year in decades. The S&P 500 Energy sector gained as high as 54% in 2022.

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• Thu

  Uniform Accounting Analysis

  March 30, 2023

  This company still has not recovered from the pandemic, and inflation makes it worse

  Thu

  We have been dealing with inflation for quite some time. There are different views on why this happened, but it seems the quantitative easing actions, the Russian invasion of Ukraine, and the scarcity of demanded goods all had impacts.

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• Wed

  Credit Outlook

  March 29, 2023

  Credit markets seem to misunderstand the underlying risk for this company

  Wed

  When a company conducts a spin-off on one part of its business, the aim is usually to increase profitability or efficiency. This complicates things for investors since this action could significantly affect the company’s future for better or worse, and there are always risks involved in these major transactions.

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• Tue

  Company Specific

  March 28, 2023

  Here is another big beneficiary of the scarce home supply

  Tue

  The newly constructed housing market has overgrown expectations in the last six months. Everyone thought the industry would go down with increasing interest rates as mortgages get more and more costly.

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• Mon

  Monday Macro

  March 27, 2023

  That may have been the Fed’s last rate hike for a while… here’s what that means

  Mon

  In early March, the economy was humming along. Stocks were up slightly from the start of the year. And while a looming recession was making investors nervous... the market was still "business as usual" for the most part.

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• 

  March 24, 2023

  The ETFs based on infamous TV host’s stock picks are now tradable

  

  Cramer might not be the smartest guy in the room, and he might be wrong almost all the time but it does not change the fact that he has tons of people listening to him.

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• 

  March 23, 2023

  Funding of energy companies continues unlike what the market thinks

  

  We have seen many industries commit to net-zero emissions goals in the last couple of years.

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• 

  March 22, 2023

  Some boring businesses are much safer than they look

  

  It’s easy to think that stable businesses are boring and do not provide high growth prospects for investors.

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• 

  March 21, 2023

  Homebuilders are more resilient than they seem

  

  The past decade will be remembered with easy access to capital for retail customers and companies alike.

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• Mon

  Monday Macro

  March 20, 2023

  Mortgage Backed Securities: This Time Is Different

  Mon

  Banks are blowing up, investors are panicking, and it's hard not to think back to 2008

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• 

  March 17, 2023

  The infamous activist short-seller made a living from a massive COVID trade

  

  Bill Ackman is a prominent figure in the investment industry. He is recognized for his focus on investor activism and short-selling. He has a reputation for making bold and significant bets in the financial markets, such as his successful bet on credit default swaps before the onset of the pandemic. In today’s FA Alpha, we […]

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• Thu

  Uniform Accounting Analysis

  March 16, 2023

  The need for nurses means more demand for this staffing company

  Thu

  The U.S. is experiencing a shortage of nurses due to the pandemic resulting in unfavorable earnings for hospitals. To address this, the government has launched a $1.8B program for new residency slots, allocated $103M for worker retention, and is proposing legislation to attract more healthcare workers. This could drive demand for staffing companies like AMN Healthcare Services, which provides healthcare workforce solutions. In today's FA Alpha, we will discuss why AMN Healthcare Services is mispriced and how it will benefit from the proposed program and legislation of the government.

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• Wed

  Credit Outlook

  March 15, 2023

  This expected transaction could change the fate of Italy’s largest telecom operat

  Wed

  Some companies are taking on massive debt and have difficulties when the maturities come.

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