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All Cap Growth Style

Thursday, January 30th, 2014 BW Final

The All Cap Growth style ranks fifth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 2 ETFs and 448 mutual funds in the All Cap Growth style as of January 28, 2014.

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Danger Zone: Momentum Investors and the Financial Sector

Tuesday, November 26th, 2013 DZ_Fig1

As regulators dole out punishments that fit the crimes, they are finally closing many of the illegal trading loopholes that have driven so much of Wall Street profits over the past decade.

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Best & Worst ETFs and Mutual Funds: All Cap Value Style

Friday, October 25th, 2013 Screen shot 2013-10-25 at 1.46.46 PM

The All Cap Value style ranks fifth out of the twelve fund styles as detailed in my Style Rankings for ETFs and Mutual Funds report. It gets my Neutral rating, which is based on aggregation of ratings of 2 ETFs and 238 mutual funds in the All Cap Value style as of October 17, 2013. Prior reports on the best & worst ETFs and mutual funds in every sector and style are here.

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Danger Zone 6/17/13: Citigroup (C)

Monday, June 17th, 2013 DZCG1

As the market bulls continue to look to rising interest rates as a sign of future strength for Citi, they ignore the fundamentals of the market and of Citi’s weak profit history.

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Asset Write-Downs Hidden In Operating Earnings – NOPAT Adjustment

Monday, June 10th, 2013 AWDIO

Asset write-downs are unusual charges that don’t appear on the income statement because they are bundled in other line items. Without careful footnotes research, investors would never know that these non-recurring items distort operating earnings by overstating core-operating costs.

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Danger Zone 6/3/2013: Perma-Bears and Bubble Alarmists

Monday, June 3rd, 2013 Danger Zone 6/3/2013: Perma-Bears and Bubble Alarmists

I am optimistic about the U.S. economy and I don’t believe we are in bubble. Too many investors and economists are looking at the economy the wrong way.

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How To Find the Best Sector ETFs

Friday, November 30th, 2012 BestSectorETFs

Finding the best ETFs is an increasingly difficult task in a world where a new ETF seems to be born every 10 seconds.

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The Danger Zone Pick: 10/22/12

Monday, October 22nd, 2012 The Danger Zone Pick: 10/22/12

Check out my latest Danger Zone interview with Chuck Jaffe of MarketWatch.com.
This week, a former member of our Most Dangerous Stocks, is in the Danger Zone.

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Citigroup (C) and Bank Of America (BAC) Dropped from Most Dangerous List

Tuesday, August 14th, 2012 BAC_fig

For the first time in many months, both Citigroup (C) and Bank Of America (BAC) are not on our Most Dangerous Stocks list as of the release of the August report.

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Best & Worst Style ETFs & Mutual Funds

Monday, July 16th, 2012 BestWorstStyle1

This report identifies the “best” ETFs and mutual funds based on the quality of their holdings and their costs. As detailed in “Low-Cost Funds Dupe Investors”, there are few funds that have both good holdings and low costs. While there are lots of cheap funds, there are very few with high-quality holdings.

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See How Diligence Paid In 2011

Monday, April 30th, 2012 dreamstimefree_6271799_handHoldingLightBulb

Everyone wants diligence. Few will ever turn it down. The problem is that diligence is expensive. New Constructs makes diligence cost-effective.

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footnoted.org vs New Constructs = Hype vs Substance

Thursday, March 1st, 2012 footnoted.org vs New Constructs = Hype vs Substance

When I ran across the recent article “270,033 pages later, a chance to catch our breath…”, I could not help but admire footnoted.org’s marketing moxy.
The article provides a count of the number of pages of 10-K filings that have poured in during the real earnings season. It also highlight a couple of the largest filings. At first glance, it is easy for one to assume that all of the 270,033 pages were also analyzed.

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The Real Earnings Season Begins Now

Friday, February 17th, 2012 The Real Earnings Season Begins Now

Nearly all of the invest­ing world ignores 10-K sea­son. 10-Ks contain the most important financial information that companies provide all year.

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Best and Worst Funds: Financials Sector

Monday, February 6th, 2012 Financials1

The Financials sector ranks last out of the ten major sectors as detailed in our sector roadmap. It gets my Dangerous rating, which, like my fund ratings, is based on aggre­ga­tion of stock rat­ings for each of 563 companies in the sector. The Financials sector is the bottom of the sector barrel.

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Forensic Accounting Says Avoid Energy & Financial Stocks

Tuesday, November 15th, 2011 Figure1

As one financial scandal follows another, it seems the good guys are having a tougher time catching the bad guys. Recent revelations about MF Global’s ponzi scheme are another reminder of how our regulatory and oversight systems seem to let whales pass through their net.

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ETF Shoppers: Accounting Trickery At Its Worst In Financial Sector

Tuesday, October 18th, 2011 Figure2

There are 25 financial sector ETFs. Per Figure 1, these 25 ETFs have drastically different stock holdings and, therefore, allocations. The lowest number of holdings is 24 while the highest is 496.
For starters, investors interested in the financial sector cannot expect many good investment options given that the sector gets my “dangerous” rating and ranks ninth out of the ten sectors that make up the economy. Details are in our sector roadmap report.

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Buy Clorox: Management Focused On Shareholder Value

Tuesday, August 30th, 2011 Figure1_CLX

I take great pleasure in recommending investors buy Clorox (CLX) – an attractive-rated stock, not just because of its strong profitability and cheap valuation but also because of the unusually high quality and integrity of its financial reporting.

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The Fed’s Bazooka: Revealed As Final Policy Firepower in Jackson Hole

Tuesday, August 23rd, 2011 BenBernanke

No more Mr. Nice Guy. It is time for Mr. Bernanke to break out the big guns in Jackson Hole this Friday.

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Don’t Gamble In Financial Sector ETFs

Tuesday, August 16th, 2011 figure1

The financial sector is one of four sectors to earn our “dangerous” rating and is the worst-ranked sector in the our 3Q11 Sector Roadmap report according to my methodology at New Constructs.

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3Q11 Sector ETF Rankings: Chips and Dips Rise To The Top

Friday, July 15th, 2011 dreamstimefree_310726_upGraph

The consumer staples and information technology sectors are tops among the ten major sectors. Both get our “attractive” rating. Our Sector Roadmap report ranks and rates all of the 10 sectors. It also benchmarks all sectors against the S&P 500, which gets our “neutral” rating and the Russell 2000, which gets our “dangerous” rating.

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