The Latest from FA Alpha Daily

• Tue

  Company Specific

  March 14, 2023

  These bank runs aren’t as they seem

  Tue

  Many investors got the 'FOMO' feeling as the market started strong in 2023. However, to determine if this is the start of a new bull market or just a bull trap, investors should consider two key pieces of data: the National Association of Active Investment Managers (NAAIM) Exposure Index and stock market correlations. In today's FA Alpha, we will discuss what the initial rally of 2023 really means for investors.

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• Mon

  Monday Macro

  March 13, 2023

  How to tell we had a ‘FOMO’ rally to start the year

  Mon

  Many investors got the 'FOMO' feeling as the market started strong in 2023. However, to determine if this is the start of a new bull market or just a bull trap, investors should consider two key pieces of data: the National Association of Active Investment Managers (NAAIM) Exposure Index and stock market correlations. In today's FA Alpha, we will discuss what the initial rally of 2023 really means for investors.

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• 

  March 10, 2023

  This quant legend is concerned with the rise of competition

  

  2022 was a difficult year for the investment management industry.

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• Thu

  Uniform Accounting Analysis

  March 9, 2023

  China is back, and the big opportunity of this miner goes unnoticed by the markets

  Thu

  For nearly three years, China stuck to its “Zero Covid” policy that included taking abnormal measures to make sure that the pandemic was contained. Extended lockdowns, individual quarantines, closing borders to visitors, and tracking phone signals and travel histories are only some of the measures taken.

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• Wed

  Credit Outlook

  March 8, 2023

  This utility company is much riskier than rating agencies think

  Wed

  As opposed to how it's widely known, utility companies do not make money by actually selling and distributing electricity or gas to their customers. They make money by investing in infrastructure or assets, like pipes and wires, that provide public utility services to customers.

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• Tue

  Company Specific

  March 7, 2023

  This materials company is collecting all the Capex

  Tue

  We have been talking about how big the Capex Supercycle is going to be, and each day we see more proof that that’s the case. The pandemic showed what ignoring your infrastructure and supply chain causes: extended lead times, canceled orders, supply shocks, and many more…

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• Mon

  Monday Macro

  March 6, 2023

  Don’t look at the banks to understand the next recession

  Mon

  We're wrapping up the busiest part of earnings season, and as always, some key themes emerged as businesses reported first-quarter numbers. So let's take a moment to look back at the companies that kicked it off... the banks. One of the big stories for banks this earnings season was bigger-than-expected loan loss reserve builds.

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• Fri

  Portfolio Analysis

  March 3, 2023

  This famous fund manager made double-digit returns while distracted by a legal battle

  Fri

  Izzy Englander has been in the news recently due to a legal battle regarding his divorce.

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• Thu

  Uniform Accounting Analysis

  March 2, 2023

  The market still fails to see that office landlords are in big troub

  Thu

  Office landlords have been struggling for a long time

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• Wed

  Credit Outlook

  March 1, 2023

  Credit markets overlook the efforts of this coal miner

  Wed

  One of the industries that was significantly affected by the pandemic was coal mining. Due to restrictions, lockdowns, and declining demand, profitability dipped in 2020.

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• Tue

  Company Specific

  February 28, 2023

  This chip manufacturer gets lost in the shuffle

  Tue

  The overall semiconductor market was crushed due to a rapid cycle slowdown last year.

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• Mon

  Monday Macro

  February 27, 2023

  The unintended consequence of the supply-chain supercycle

  Mon

  It's no secret that we're bullish on the U.S. economy.

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• Fri

  Portfolio Analysis

  February 24, 2023

  Every good thing comes to an end, just like this legendary fund manager

  Fri

  For over 48 years, Ray Dalio established himself as one of the most successful hedge fund managers as he founded Bridgewater Associates, one of the most distinguished hedge funds in the investment world. As he exited the firm, he did not forget to leave without having the big bucks as he pressured the firm for a sizeable exit package despite the fund's mediocre performance of 7% last January. In today's FA Alpha, we will look into Bridgewater Associates' top holdings to see if the firm can live up to its potential under new management.

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• Thu

  Uniform Accounting Analysis

  February 23, 2023

  This oil and gas giant may just be starting a decade with high profitability

  Thu

  The Russian-Ukraine war has greatly impacted the energy sector, particularly the supply of oil. This has resulted in a shortage of oil, causing a surge in prices as countries dependent on Russia search for alternative suppliers. Exxon Mobil, a company heavily involved in the energy sector, experienced a significant increase in profitability last year as a result of these market conditions. In today's FA Alpha, we will discuss Exxon Mobil's favorable performance and how it can maintain these gains in the face of short-term market pessimism.

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• Wed

  Credit Outlook

  February 22, 2023

  This market consolidator has a much safer credit risk than rating agencies think

  Wed

  Acquisition is the name of the game when a company wants to cement its market dominance. Companies usually take on debt to finance their acquisitions, which is why most of them are considered as high credit risk companies. Although, if an acquisition can increase productivity and growth then this action should not always be considered as a high risk. In today's FA Alpha, we will evaluate Vista Outdoor, a company that has an aggressive acquisition strategy, using uniform accounting to see if the rating agencies are right about the company's high-credit risk and high chance of bankruptcy.

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• Tue

  Company Specific

  February 21, 2023

  The social media company shows signs of recovery after big losses

  Tue

  2022 was not a great year to be an investor of Meta as its venture into the metaverse struggled to gain traction leading to declining in profitability and its stock price. Although based on its last earnings call, its struggle might end as it is now prioritizing the reduction of costs just like what its rival Alphabet did back in 2010. In today`s FA Alpha, we will discuss why investors should start accumulating Meta shares as the company still has the potential to grow amid market pessimism.

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• Fri

  Portfolio Analysis

  February 17, 2023

  The rise of activism continues, this fund is pushing for a change in this famous music streaming company

  Fri

  Activist campaigns are on the rise as recessionary concerns affect companies’ profitability and as the stock market disappoints investors. In this environment, investors are trying to find a way to make the companies they have invested in more resilient.

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• 

  February 16, 2023

  Another unprofitable growth bubble bursts…

  

  If you have been looking for investment opportunities, you should have seen that there are many companies in the public markets that were never able to generate profits. Especially small technology companies that say they are focusing on growth and claim that they will see huge profits over the long term.

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• Wed

  Credit Outlook

  February 15, 2023

  This company has many tailwinds behind it but rating agencies fail to recognize them

  Wed

  The world is inevitably transitioning into becoming a cashless, paperless society due to the digitization of money and developing payment systems. As we move into this transformation, we don’t only need banks or card networks like Visa (V) and Mastercard (MA). We also need payment processors that connect merchants, merchant banks, card networks, and consumers to make card payments possible.

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• Tue

  Company Specific

  February 14, 2023

  The high spending on research worked out and unlocked high profitability for this pharmaceutical company

  Tue

  The pharmaceutical sector keeps evolving and saving lives. It is one of the industries with the highest research and development (“R&D”) spending, and that allows companies to develop new drugs to battle common and rare diseases.

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