Earnings Season in Tech Stocks: A Recap

Tech stocks have not had a good 2014. A lot of momentum stocks that more than doubled in value in 2013 have seen steep corrections in early 2014 on both profit taking and greater concerns that systemic risks were making these high P/E multiple stocks too risky to...

How Retail and Professional Differ: The Mandate

Have you ever read the prospectus for an actively managed fund? While dry reading for most, they are engaging for financial professionals; not only does the prospectus detail the objectives and strategies of a fund, but they also act as marketing tools that emphasize...

How Analyzing Growth and Valuation Can Explain Google and Chipotle

Two growth stocks reported in the last two days: Google (GOOG) and Chipotle (CMG), with the former falling and the latter rising. Other than being growth names, these companies have little in common; one is tech, the other fast casual dining. One has been a...

Why Coke and Johnson and Johnson’s Good News is Bad for the Market

Tuesday morning was one of those classic reversal days—beginning with a modest bull run that turned south by 11 a.m. and was accompanied with a spike in volatility. Tuesday morning was busy for journalists as well as traders; headlines included news of Russia troops...

The Psychology of Reactionary Allocations

Last year was an easy year to make money in stocks; when markets shoot straight up, it becomes trendy amongst retail investors to tout index investing. When stocks are up 30% in one year, who would argue that stock picking and sophisticated methods of allocating...