The recovery in corporate earnings appears to be in transition to a slower pace of profit growth. Typically, conditions like these make active, fundamental research more important for choosing equities.
Are China stocks in the bargain basement?
The magnitude of uncertainty in China’s politics and policy today is undeniably daunting. Western observers — and even the Chinese — simply do not know in what direction China’s new leader, Xi Jinping, will take the country or how constrained … Continue reading
For stock dividends, growth potential matters
Analyzing dividend-paying stocks focuses on more than just yield. It’s important to differentiate companies that can simply support a dividend from those that can potentially grow the dividend in the short or long term.
Sequester will take a small bite from GDP
With the automatic spending cuts, or sequestration, required by the Budget Control Act of 2011 still on track to go into effect starting Friday, March 1, we believe it’s important to keep the full impact in perspective. Even if we … Continue reading
Dividend yields give stocks an edge over bonds
With equity markets reaching levels not seen since the financial crisis in 2007 and 2008, the recent rally has underscored positive fundamentals. However, while we believe the stock market today offers many attractive opportunities, our view is probably more tempered … Continue reading
Housing recovery builds on a new foundation
Although some areas of the real estate market still have weaknesses, a number of factors are coming together to support the recovery in the housing market.
Four screen world offers profit potential
As growth investors, we identify broad trends that can drive changes in business models and new opportunities for profits.
Better state finances support tax-exempt bonds
With revenues on the rise, the fiscal health of many states is improving. In a survey conducted in the fall of 2012, the National Conference of State Legislatures found “solid revenue performance” in most states. This is one of the … Continue reading
Beware interest-rate risk in bond portfolios
There is little question that interest rates would be significantly higher in the absence of Fed purchases. It is important to understand how potentially damaging a long-duration strategy could be in this environment. The duration, or sensitivity to rate movements, … Continue reading
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By the numbers
