Today's episode of The Daily Ticker Podcast welcomes David Trainer of New Constructs to bring a deeper analytical look at stocks and a longer term view of the markets.
David also discusses the major difference between "economic earnings" and the typical GAAP earnings that most investors are seduced into and the expensive problem it creates.
Episode Topics:
- Sector rotation: Out of tech and into healthcare.
- Macro trends at S&P 500 and sector breakdowns.
- David's take on Financial contagion. Is it over? Will this lead to a credit crunch?
- Bank earnings coming up. Any solid companies to like and why?
- Tesla reported solid delivery numbers but lowered prices, typically not a good sign for margins. The market seems to not like the news.
- A review of Tesla's stock price and what it implies about future growth.
- David looks at the financials of two other auto manufacturer stocks that look interesting, and possibly undervalued.
New Constructs
https://www.newconstructs.com/
"Core Earnings contains information about future performance that is incremental to Street Earnings."
HBS & MIT Sloan professors
Episode Downloads
1. Tesla Update: How This Stock’s Outrageous Valuation Could Destroy All Zombie Stocks
https://www.newconstructs.com/wp-content/uploads/2023/04/TeslaUpdate_2022_14_2022-1.pdf
2. Latest report on JPMorgan
https://www.newconstructs.com/wp-content/uploads/2023/04/LongIdea_UpdateJPM.pdf
3. Macro Research: Economic Earnings vs GAAP Earnings Across the Entire Market & All Sectors
https://www.newconstructs.com/wp-content/uploads/2023/04/NC2000_SectorEconomicEarningsVsGAAPEarnings4Q22.pdf
4. Macro Research: Price vs Economic Book Value Trends for the S&P 500 and All Sectors
https://www.newconstructs.com/wp-content/uploads/2023/04/SP500_SectorPEBVEconomicBookValue_4Q22.pdf
Society of Intelligent Investors
https://www.newconstructs.com/society/
Pete Renzulli | Stock Trading Pro
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