Valuentum Exclusive Analysis for the Discerning Investor

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Jan 24, 2016

General Electric’s Results Remain “Messy”
General Electric will soon be a fraction of its former self, and while we like the refocus, its portfolio transformation has muddied its financials to an unprecedented degree.

Jan 20, 2016

Breaking: Markets in Free Fall
Here we go again…

Jan 12, 2016

ICYMI: 5 Concerns About Impending Rate Hikes
The contractionary monetary policy in the US has begun. What to focus on…

Jan 7, 2016

The Markets Swoon Again
“I’d rather lose all of our subscribers than all of our subscribers’ money.” – Brian Nelson, CFA

Jan 5, 2016

Seeking to De-risk the Newsletter Portfolios
The conditions are ripe for some newsletter portfolio realignment. Saying good-bye to two underperformers.

Sep 25, 2015

Janet Yellen, the Positive GDP Revision, and Nike’s Swoosh
Finally, there’s some good news, but nothing that could change the stormy overall picture.

Sep 18, 2015

The Fed Freezes; Outlook as Bad as Feared or Worse?
The global economy may be far worse than even some pessimists believe, as the need for a continued ZIRP (zero interest-rate policy) remains the Fed’s tactic, at least for now.

Sep 15, 2015

As the World Turns
We’re keeping our eyes on a number of things. First, we’re monitoring property prices in Shanghai and in other larger Chinese cities to assess the potential calamity that falling housing prices and deflation would have on the country’s banking sector and the likelihood of contagion via the British banks, HSBC and Standard Chartered, and the US ones, namely Citigroup and JP Morgan. Second, we’re watching the price of crude oil closely, as its fall will have huge implications on the earnings trajectory of companies that benefit (airlines, restaurants) as well as the ones that suffer (upstream and energy services). The net effect of falling crude oil prices has thus far been negative for S&P 500 earnings, but this may change as the energy sector becomes an ever-smaller part of index construction. Third, who can forget about the Fed, the expected duration of any tightening monetary cycle, and the resulting implications on dividend-paying stocks as Treasury yields rise?

Sep 8, 2015

5 US-Centric Undervalued Stocks with Fantastic Economics
With most non-US markets crumbling, the resilience of a still-expanding US economy coupled with a strong greenback may make US stocks relative outperformers. Screen: Economic castles with a high percentage of revenue generated in the US that are trading at a large discount to our estimate of their intrinsic value.

Sep 3, 2015

Bond Issuance Has Ground to a Halt; Expect Negative 2016 GDP Impact
We won’t feel the true economic impact of China’s collapse until 2016, but that doesn’t mean stocks won’t start discounting economic headwinds right now. Stocks have and always will be forward-looking discounting vehicles.