This chart scares people. Many of our clients and investment contacts are frustrated by lack of obvious alpha in the market and the industrial sector. The US stock market is above pre–Great Recession peak, and earnings have recovered — but … Read more
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As I schlep through my 75th or so earnings season certain things have changed – and for the better – the ease with which we can obtain data and basic information online, dramatically improved corporate disclosure and the ability to … Read more
Leave a Comment Since mid-June, we’ve attended the Paris Air Show and met with companies involved in oil production, hydraulic fracturing, and wind turbine towers and components. As an investment analyst, I am always seeking to help my clients anticipate change in order … Read more
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The easy money has been made. I am not referring to picking the market bottom reached on May 9, 2009. That would have been speculation, not investment. In fact, just six months before I attended a conference where Emerson Chairman … Read more
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The shares of Cummins (CMI) have traded 17% higher (12% net) over the past three months, and our institutional clients are starting to ask what we think of the name. Stocks move for different reasons, but the fundamental driver is … Read more
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