How To Survive the Euro Crisis

As I wrote in “Don’t Be Fooled: Get Short Now”, the euro is not that different from Enron, WorldCom or the Madoff fund. All of these organizations were able to pretend they were profitable or solvent long after they were insolvent.
Now markets are finally acknowledging the intractability of the Euro debacle.

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US Steel (X) At Risk Of Pension Pressure

Some stocks are more dangerous than others. In an anemic economic environment, the most dangerous stocks are those with issues that are lurking behind the scenes or in footnotes.

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Definition: Price-To-EBV, or Price to Economic Book Value ratio

The difference between the stock price and Economic Book Value (EBV) of s stock measures the difference between the market’s expectation for future profits and the no-growth value of the stock.

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Free report for Ask Matt, AT&T (T) – Dangerous Rating

Here is our free report on AT&T (T), which gets our Dangerous Rating.

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Pensions Weigh On Goodyear (GT) Stock Potential

Goodyear Tire & Rubber (GT) must overcome $3.7 billion in underfunded pensions plus $6.3 billion in debt ($1.1 billion of which is off balance sheet) before investors could see any upside.

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Top Stock Picks & Shorts: Moneylife Radio Interview w/ Chuck Jaffe

Listen in on my 15 minute interview describing the rigorous diligence New Constructs applies to every rating on the stocks, ETFs and mutual funds we cover.

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ETF Pair Trade To Maximize Profits In The Energy Sector

Oil prices have been on a wild ride the last few years to say the least. There are many ways to play these trends.

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Why is S&P Raising Its Outlook on Delta (DAL)?

After S&P’s recent upgrade to its outlook on Delta Airlines [s: DAL], I cannot help but to wonder how they do their analysis.

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ETF Pair Trade To Navigate Shifty Tech Stocks

I have a pair trade (i.e. long/short) ETF strategy for investors who want to maximize upside potential and minimize downside risk in Technology stocks.

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Barron’s Features My Analysis on DAL’s Abnormal Pension Accounting

barron's

In his weekly column, The Trader, Vito Racanelli features my in-depth work on the funky accounting Delta Airlines’ (DAL) uses to mask $26 billion on off-balance sheet liabilities. Mr. Racanelli agrees with my assertion that DAL’s stock is under tremendous pressure as soon as investors recognize the looming pension liabilities.  

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Fox Business TV Interview: Market Outlook and Top Stock Picks

I discuss my market outlook and top stock picks in this interview today. In general, I think most of the 2012 gains are behind us. I do not expect a major fall out or correction, but no major gains either. A couple of my top stock picks are Apple (AAPL) and NetApp (NTAP).

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“S&P: Delta could be in line for upgrade” – Are they kidding?

I do not think S&P’s analysts are aware of Delta’s staggering $22.3 billion in off-balance sheet liabilities, which include $14.1 billion in underfunded pensions and $8.2 in operating leases.

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Bail Out of DAL Before the Stock Crashes

I recommend investors avoid Delta Airlines (DAL). I think the stock could see significant downward pressure as more investors realize how the company is propping up its earnings with relatively aggressive accounting for its pension and postretirement plan (“pensions”), which are already seriously underfunded.

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New Constructs’ Offerings: Custom Reports

We can quickly and easily create custom reports for clients.
We deliver the reports with the data/analysis you request as often as you request.

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Buy Apple, Naysayers Are Missing the Point

With so much written about Apple (AAPL), I am amazed that so few have focused on the most important driver of its stock price: the company 270% return on invested capital (ROIC).

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Low-Cost Funds Dupe Investors

Fund holdings affect fund performance more than fees or past performance. A cheap fund is not necessarily a good fund.
Our research on holdings enables investors’ to find funds with high quality holdings – AND – low fees.

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Best & Worst ETFs and Mutual Funds: Small-cap Value

The small-cap value style ranks last out of the twelve fund styles as detailed in my style roadmap. It gets my Dangerous rating, which is based on aggregation of ratings of 16 ETFs and 309 mutual funds in the small-cap value style as of May 2, 2012.

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Best & Worst ETFs and Mutual Funds: Mid-cap Value

The mid-cap value style ranks eleventh out of the twelve fund styles as detailed in my style roadmap. It gets my Dangerous rating, which is based on aggregation of ratings of 11 ETFs and 217 mutual funds in the mid-cap value style as of May 2, 2012.

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Best & Worst ETFs and Mutual Funds: Small-cap Blend

The small-cap blend style ranks tenth out of the twelve fund styles as detailed in my style roadmap. It gets my Dangerous rating, which is based on aggregation of ratings of 27 ETFs and 639 mutual funds in the small-cap blend style as of May 1, 2012.

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Best & Worst ETFs and Mutual Funds: Small-cap Growth

The small-cap growth style ranks ninth out of the twelve fund styles as detailed in my style roadmap. It gets my Dangerous rating, which is based on aggregation of ratings of 12 ETFs and 463 mutual funds in the small-cap growth style as of May 1, 2012.

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